Auction Information

Four Huge Mistakes Ebay Sellers Make (Even Some Moderately Successful Ones)


No matter how many times I see it happening, I'm
constantly amazed at the number of people who are
literally throwing money away by making incredibly
simple mistakes when they sell items in an online
auction.

Over the last seven years, I've been making a great
living buying and selling products on eBay and other
online auction sites, and I've perfected a technique
that pretty much guarantees anyone can start making a
profit right away. That technique starts with avoiding
mistakes like these -- mistakes I've seen people make
every day for those same seven years.

If you're doing any of these four things, you're
leaving money on the table with every single item you
sell.

* Listing an item at the wrong time. It's a proven fact
more buyers browse Internet auction sites on Sunday
evenings than any other time during the week. If your
auction is scheduled to end at any other time than
Sunday evenings (specifically between 9 p.m. and 11
p.m. Eastern time), you're not getting the maximum
exposure for your auction at a time when people are
most eager to buy.

* Not giving your photos the attention they deserve.
There are two common mistakes people make with the
photos they use to entice buyers on eBay. One is not
having enough pictures to accompany your item's
description. Over the years, I've learned pictures of
your item are one of the most important components of
your sales page. (There are many reasons for this, but
I don't have the space to go into much detail here.)
Multiple pictures from various angles will ALWAYS help
you get higher bids for your products. The second
mistake is not making sure the pictures are up and
running on whatever server you're using BEFORE you list
your item. How many times have you been browsing an
auction site and seen a blank box where a picture of
the item should have been? That's a seller who's losing
money because of a very simple, and very common,
oversight.

* Using "Las Vegas style" listings. I'm sure you know
what I'm talking about here. A Las Vegas listing is one
that uses all kinds of flashing animation, multicolored
text and other bells and whistles in an attempt to
entice bidders. In fact, it does just the opposite.
Listings like these are distracting, hard to read, and
will always discourage people from bidding, resulting
in a lower final sales price. The descriptions that you
give of your item on your sales page ARE NOT designed
to get a buyer's attention (you already have that if
they've clicked on your listing in the first place).
They should be designed to get someone to actually
place a bid.

* Using a reserve. Using a reserve to guarantee that
you'll get a minimum price for an item will absolutely
kill your auction. Trust me, I've seen it happen too
many times to not accept this as a given. In fact, I
often use other seller's auctions that have a reserve
as a way to pick up items at ridiculously low prices
that I can sell "the right way" for a huge profit a few
days later -- but that's a different article
altogether. For now, just realize that nothing scares
away potential bidders better than seeing the "Reserve
Not Yet Met" tag. If you're truly concerned about a
minimum price, simply set your starting price a little
higher.

John Reese has been actively involved with online
auctions and eBay since 1996. Mr. Reese has written
several articles on the subject and has recently
created the "Internet Auction Secrets" Video for
teaching others how to start, run, and manage a
successful online auction business from home.

His 2-Hour Step-By-Step Video comes with access to
a "Student's Only" web site where his students can
keep up with the latest tips, tricks, and techniques.
You can learn about how *you* can become one of his
students at: http://www.auctionsecrets.com

NOTE to Editors:  Feel free to join our affiliate program
and substitute your own affiliate link for our URL in bio box.
Go to http://www.auctionsecrets.com/affiliateprogram.html

NOTE2: You may run this article provided you run it with the bio
box intact. Please email a copy of your publication with article
in it to the author's publicist at ArticleDeptBill@rtir.com


MORE RESOURCES:

Irish Times

Spain auctions nearly $3.2 billion in debt, demand strong but yields higher ...
Washington Post
MADRID — Spain managed to auction nearly €2.5 billion ($3.18 billion) in medium-term debt Thursday amid strong demand but at sharply higher interest rates, reflecting concerns that the country will be caught up in the fallout of the Greek crisis.
EURO GOVT-Spanish yields rise before auction; markets nervousReuters
Spanish Debt Insurance Costs Rise, Bond Auction EyedWall Street Journal

all 478 news articles »


New York Daily News

Tyrannosaurus skeleton could fetch $1M at auction
New York Daily News
Perhaps not as celebrated as its fearsome cousin, the T-rex, the Tyrannosaurus bataar is equally as frightening — and could scare up about $1 million in a public auction Sunday. A nearly complete skeleton of the Tyrannosaurus is up for bid through New ...

and more »


China to Allow Local Private Companies to Bid in Shale Auction
Bloomberg
China, holder of the world's biggest shale-gas reserves, will allow privately owned local companies to bid for the rights to explore for the unconventional fuel when it holds the country's second auction of areas. Chinese companies planning to ...

and more »


Spain auctions $3.2 billion in medium term debt
Kansas City Star
AP MADRID -- Shares in Bankia, the recently nationalized Spanish bank, are plunging by more than 20 percent on a local report that customers have withdrawn more than (EURO)1 billion ($1.27 billion) since the state took it over last week.

and more »


ABC News

'Baggage Battles': Airports Auction Lost, Misplaced and Forgotten Luggage
ABC News
In some instances, the airport where it was left could have auctioned it off for profit. One of the busiest hubs in the United States is Miami International Airport, where MIA isn't just the airport's call letters, but could easily stand for luggage ...

and more »


Bloomberg

France raises $11.6 billion in bond auctions
The Seattle Times
France raised (EURO)9 billion ($11.6 billion) in a successful pair of bond auctions Wednesday that also saw some of its long-term borrowing costs move up. The Associated Press No comments have been posted to this article. France raised (EURO)9 billion ...
France raises $11.6 billion in strong bond auctions, but long-term borrowing ...Washington Post
European Bond Auction OutlookFXstreet.com

all 143 news articles »


How Foreclosure Auctions Found a Host
KLAS-TV
But a lawsuit claims those at the top of the group running the auctions may have a conflict of interest that violates state law.More>> Centennial track and field coach Roy Session calls Bulldog senior Nick Hartle "probably the best distance runner ...

and more »


CNBC.com

Spain auctions $3.2 billion in medium term debt
North County Times
51 minutes ago • AP Spain managed to auction nearly (EURO)2.5 billion ($3.18 billion) in medium-term debt amid strong demand but at sharply higher interest rates reflecting concerns that the country will be caught up in the fallout of the Greek crisis.
Italy, Spain See Borrowing Costs Rise at AuctionsCNBC.com
Italian, Spanish bond yields jump after auctionsMyFox Washington DC
EURO GOVT-Greek impasse, bank woes hit Spanish, Italian debtReuters

all 8,408 news articles »


Toronto Star

Auction season begins with works by Emily Carr, Lawren Harris
Toronto Star
The season starts Thursday night with Heffel Brothers' auction in Vancouver, and finishes next Friday with Joyner/Waddington's in Toronto, with Sotheby's the day before. By the time the last gavel drops, some $15 million worth of art will have changed ...

and more »


Prefixmag

Rare Abbey Road photo up for auction
WMUR Manchester
A rare photo showing the Beatles walking the "wrong way" across Abbey Road is expected to fetch big bucks at an auction later this month. The version on the band's 1969 Abbey Road album shows them walking from left to right, but John Lennon leads the ...
Rare Alternate 'Abbey Road' Photo To Be AuctionedPrefixmag
It's a snap for Abbey Road Beatlesbrand-m.biz

all 85 news articles »

Google News

Mommy Home Jobs | Mommy Matters | index | site map
Copyright © MommyHomeJobs.com