Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Tips on How to Profit from eBay Buy It Now Auction Listings > NetSparsh - Viral Content you Love & Share

Tips on How to Profit from eBay Buy It Now Auction Listings

eBay is an online auction site so it stands to reason that most users will tend to auction off their items aiming to get a high price.

The problem with auctioning items is that eBay can be a very fickle place, one week an item may sell for hundreds of pounds but the next week the same item may sell for pennies.

Your success rate on eBay is affected by the number of people who are willing, and able, to bid large amounts on your items. If the buyers can't, for some reason, bid high amounts on one particular auction, you run the risk of losing money.

There is no way of telling when an item will sell for a high amount. If there was, there would be many more very successful eBayers out there.

One way you can almost guarantee you will sell an item for a good price is to use a Buy It Now (BIN) listing.

In order to use BINs successfully, you have to get the price right. Too high and it will not sell. Too low and it will be bought almost immediately, probably by a competitor who will relist it to try and profit from your mistake.

So, how can you use a BIN listing to profit?

If you've got a good idea how much the item is worth, list it for that price as a BIN. If you don't know how much it is worth, try searching for it in the Completed Listings searches.

In my case, I was quite successful selling DVDs with BIN listings. I simply searched for the DVD I was selling in the completed listings section, sorted by Highest Price and then listed my item at the highest price I could find which had sold.

At times, I also added a little more to the price. Why? Because the great benefit of BIN listings is that impatient buyers can get them almost immediately without having to wait for an auction to end and without running the risk of losing out to another bidder.

If you cannot find the item in the completed listings section or it is very rare and you are unsure of the value, list the item with a very high (almost ridiculous) price. Any potential buyers will find the item, provided you have listed it correctly.

Let the listing run for the full 10 days; it is a very good idea to always use 10 day BIN listings as you pay the same price as a 1, 3, 5 or 7 day listing and get more coverage.

If the item doesn't sell, don't be tempted to drop the price or auction it off. Too many people do this and lose money. Remember, patience is a virtue.

Instead, list it again but this time add more text to the description telling viewers that you are open to offers. You may well find that someone will contact you through the "Ask Seller a Question" link offering you a quick payment if you are prepared to sell for £x.

If the offer is not good enough, reply to the sender and politely refuse but suggest a price you would be willing to sell for.

On the other hand, if you are holding out for the maximum you have already specified, tell them why and justify your answer. You may well find that they relent.

At the end of the day, if you do have a high value item then it will cost you a maximum of £2 per listing. Each time you place it on eBay you are attracting more potential buyers. This means that you can have your item available to billions of potential bidders for 100 days for a reasonable £20.

And, when a buyer finally comes and offers the correct asking price, you will not have lost much whatsoever if it is a high value item.

One point to remember; if you give up and auction the item off or sell at a lower price, you may well find you sell it to someone who will actually do the above and profit from your mistake.

Ben Catt is an active eBay buyer and seller and runs an eBay Tips and Tricks website found at http://www.BenCatt.com. He also runs a business opportunity information site - http://www.BizOppsUK.com

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

LocalNews8.com

Idaho officials approve auctions for remaining cottage sites
Seattle Times
BOISE, Idaho (AP) — Idaho officials have approved auctioning 128 residential lake lots in northern Idaho and west-central Idaho over the next six years as the state aims to wrap up efforts to get out of the residential-leasing business. The Idaho Land ...
Idaho Officials Approve Auctions for Remaining Cottage Sites ...U.S. News & World Report

all 2 news articles »

Wine Spectator

Rare Wine Auctions Set New Records in the First Half of 2018
Wine Spectator
During the first half of 2018, collectible wine auctions witnessed unprecedented prices and myriad new records in New York, Chicago and Hong Kong sales. Passion for Bordeaux gave way to feverish demand for Burgundy, and demand for vintage whisky ...


Additional Guidance Could Help Increase Benefits and Reduce Fees
Government Accountability Office
Federal agencies' use of reverse auctions—a process where vendors bid against each other with lower prices to win government contracts—declined between fiscal years 2013 and 2017, from about 34,000 to 19,000 auctions valued at about $1.9 billion and ...


BLOUIN ARTINFO

Auction Preview: Original Works at Fantastic Auctions, Colorado Springs, Jul 22
BLOUIN ARTINFO
What: July Jewelry and Original Works. Where: Fantastic Auctions, 109 S Sierra Madre St, Colorado Springs, CO 80903, USA. When: Jul 22, 2018; 09.30 pm. Fantastic Auctions at Colorado Springs will be featuring an exquisite collection of jewelleries and ...


Reuters

Mexico shelves oil auctions until after leftist leader takes office
Reuters
MEXICO CITY (Reuters) - Mexican oil auctions originally set for later this year will be postponed until February, Mexico's oil regulator announced on Wednesday, allowing time for leftist President-elect Andres Manuel Lopez Obrador to take office.

and more »

Wisconsin State Farmer

Auction calendar: July 20, 2018
Wisconsin State Farmer
Closing Out Farm Auction. Combine, Semi & Grain Trailer, Machinery, Yamaha 4-Wheeler, Tools & More for LD Farms, Inc. Doug Blume. Located on Rt. 45. Visit www.bauerauction.com. Sale Conducted by Bauer Auction, LLC. Windsor, IL. Withee, WI.


ECM Publishers

DeGraff Auction
ECM Publishers
August 25 • 10:00 AM. Tractors, machinery, shop equipment & tools, augers, combine heads, grain truck, farm misc. Tom & Susan Clemen. Facebook · Twitter · Email; Print; Save. Load comments. × ...


STLtoday.com

KAIMANN AUCTIONS & REAL ESTATE - Ad from 2018-07-18
STLtoday.com
We provide this commenting area for readers to exchange ideas and opinions on the day's news. Passionate views, pointed criticism and critical thinking are welcome. Name-calling, crude language, off-topic remarks and abuse are not. You must be logged ...


NJ.com

'Sopranos' auction: Would you pay $1K for Bobby Bacala's fat suit? How about a watch from Tony?
NJ.com
That fat suit, along with a trove of other "Sopranos" artifacts and memorabilia — signed confidential scripts, a bar chair, a gift given to the cast by series star James Gandolfini, an original season one poster and more — are up for auction all month.


BLOUIN ARTINFO

Auction Preview: Modern and Contemporary Fine Art Auction at Robinhood Auctions, Las Vegas, NV, Jul 22
BLOUIN ARTINFO
What: Modern and Contemporary Fine Art Auction including Memorabilia and Antiques. Where: Robinhood Auctions, Las Vegas, NV 89119 United States. When: Jul 22, 2018; 10 am PST. Robinhood Auctions at Las Vegas will be hosting an exquisite ...

Google News

Join the Home-Based Business Revolution

Greetings, Friend. So you've decided to go into business. Great.... Read More

How To Save Franchise Fees and Set Up Your Own Ebay Drop Off Store

There has been a flood of publicity generated regarding the... Read More

Is it Antique and is it Worth Anything?

Is it an antique and is it worth anything? Would... Read More

Be Realistic When Selling on eBay

As some of you know, I spent many years buying... Read More

All Terrain Vehicles (ATVs) Sell Well On eBay

ATV auctions are healthy markets on eBay. All terrain vehicles... Read More

eBay The Mega Marketplace For Everyone

eBay is one of the world's largest market places with... Read More

3 Unusual Formats For Auctions on EBay

eBay users are accustomed to only two "standard" formats for... Read More

Buying & Selling Gently Used Baby Clothing, Strollers, Toys, and Other Baby Items & Products on eBay

Need Extra Money? Buy and Sell Your Gently Used Baby... Read More

eBay: What Should I Sell?

There is an art to picking profitable products. It's not... Read More

Are You an Ebay Shopper?

As I write this article, I am keeping an eye... Read More

Auction and Its Benefits

An auction is basically a public sale wherein any object... Read More

Make BIG MONEY on eBay - Your Unlimited Cash Cow

Let me be brutally honest; until recently, I had never... Read More

Six Steps Towards Successful Buying at eBay Auctions

Buying on eBay can be very rewarding, either in terms... Read More

Dont Be A Victim Of Online Auction Fraud

The Internet Fraud Complaint Center (IFCC) reported that last year... Read More

The Quickest Way To Have A Product To Sell On The Internet

Creating a product from scratch that you can sell on... Read More

eBay Online Auction Sniping Secrets

Since their introduction several years ago, online auctions, such as... Read More

eBay and Dropshipping - A Perfect Fit!

eBay and Dropshipping go together like a hand in a... Read More

E Bay.com HTML Auction Templates: Which is Best for Ebay Selling?

There are a plenty of free e bay.com free auction... Read More

8 Collectible Dolls That Sell Well on eBay

From the beginning, eBay's primary growth came from the collectibles... Read More

eBay - Getting More Bids Using An Auction Preview

If you sell in small niches as I recommend and... Read More

From Ebay Zero to Power-Selling Hero: Don?t Be That Random Ebay Guy

If I could convey only one concept to someone who... Read More

Online Auctions: The New Way of Shopping for Mauritians

Since their introduction several years ago, online auctions, such as... Read More

Online Auctions: 5 Ways Your Business Can Benefit From Online Auctions

Online auctions are now the new gold rush on the... Read More

Starting an eBay Home Business

Do I need to explain what eBay is?If 'Yes', where... Read More

Everything You Need To Know About Ebay Money Making Opportunities

Ebay money making opportunities are simply the best thing to... Read More