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10 Things You Should Know Before You Bid On A Business Product From An Online Auction
10 Things You Should Know Before You Bid On A Business Product
From An Online Auction by: William R. Nabaza of
http://www.Nabaza.com
1. Know the value of the product before you bid. If the product
is brand new, check to see what price...
eBay Business - 5 Hot Tips When Writing your eBay Auction
Of course you got into EBay to have fun, right? Of course you
did, but business is still business and if you want to stay in
the EBay business then you are going to have to tighten up ship
a little bit. I'm not talking about taking the fun out of...
How To Become An Auction Genius: A Radio Interview With "The Queen Of Ebay"
I saw another one on a local TV newscast a few days ago... you know...one of those stories about a stay-at-home mom who had turned eBay into a stay-at-home job.
I like stories like that, and I especially admire people who have found a way to make...
HOW TO START AN ONLINE AUCTION BUSINESS
Have you spent any time looking at online auctions? There are thousands of visitors to the big online auction sites every day, looking for something to purchase! This is an excellent place to find buyers of your products without having to do any...
Starting Your Own Internet Auction Business
Many of us dream of owning our own business and taking control
of our financial destiny but precious few of us ever dare to
take that chance. Of those that do risk everything for the
chance to control our destiny by opening up our own company,...
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Take Advantage of Mistake that Auction Seller Made
Now one of the most fun and most profitable auctions you can
find is misspelled items. You might be able to get a tidy profit
of $50 or $70 dollars easily by searching for items that auction
seller make mistake in placing their ad. One man lost is another
man gain and that's the name of the game. I have done a research
on ebay for a while, and you can find it happen almost everyday.
I have seen a branded camcorder being sold X amount , less 30%
the average selling price of similar items. Imagine you re-list
it immediately and sold it for a 30% profit margin without
paying for shipping!!
Let's try it now and type camcoder or camcodar or anything you
can think of and search through Ebay. I am sure you can get some
results. You can also try Ebay UK or other auction house you
might get something out of it.
So how can we profit from that? First of all misspell item get
less page views, less views means less bid, less bids means low
selling price. If there is a bid on one misspell item, do not
jump in and throw a bid, that is true even if the item is
spelled correctly. Just watch the item patiently for few days
and post a bid when it comes to an end. However if the starting
bid is $1 and nobody has bid, you can put in the next bidding
price to" lock "the auction. You are not allowed to edit or
cancel your auction once there is a bid. Next click on the Watch
this item on ebay which is on the top right corner, check back
occasionally to see how many people have bid the item and some
auctions have a page counter to see how many buyer have check
the item so you have rough gauge on how many bidders to expect.
Do a research on the item you have watched, scan through the
listings
in ebay. One nice option you can find is the Add Note
features it can be found in My Ebay and those items that you
have just added is listed according to Time Ending or depend on
how you categorize it. Remember that you get more accurate
results if you key in the item in the searched box and check the
Completed Listings Only, reasons being that on going auctions
prices might increase as time goes by so data you have collected
is not up to date.
Look hard at the completed listings, make a note on how much
buyers is willing to spend on this item. For example a branded
sunglass was sold for between $140 to $160 so on averages the
closing price is $150. Make a note to the misspelled item like"
Sold for $150 "or "Highest bidder was $160 ", this is so
important as it let you check back before the item ends and see
if the auction has reached the price limit you have set on it or
there are still rooms for profits.
Honestly speaking, there will be some people beside you who have
the same thinking as you, looking for bargains in Ebay. So
preferably wait till the auction is coming to an end and bid at
the last hour, remember activity breeds activities you do not
want this to happen as the trick is to get less bid if possible.
There are tools on the net which can help to do the jobs for
you. Email me if you are interested, I will share with you what
I have found or you can get access to http://www.monaky.com for
wide range of auctions tools and information. Free download of
auctions resource in the form of e-books for easy reading.
About the author:
Join the mailing list at http://www.monaky.com you can get free
download of auction tools and resource ebook.
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