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Know eBay’s Different Auction Types

By Michael Tasker in Featured

Over the years, eBay has introduced all sorts of different auction types, in an effort to give people more options when they buy and sell their things on eBay.

For every seller who doesn’t like the idea that their item might sell for a far lower price than they intend, there’s another who wants to shift hundreds of the same item quickly. eBay tries to cater to all tastes. This email gives you an overview of the different kinds of auctions and their advantages for you.

Normal Auctions

These are the bread-and-butter of eBay, the auctions everyone knows: buyers bid, others outbid them, they bid again, and the winner gets the item. Simple.

Reserve Auctions

Reserve auctions are for sellers who don’t want their items to sell for less than a certain price - a concept you’ll know about if you’re familiar with real auctions. They work just like normal auctions on eBay, except that the buyer will be told if their bid does not meet the reserve price you set, and they’ll need to bid again if they want the item. If no-one is willing to meet your price, then the auction is cancelled, and you keep the item.

Fixed Price (’Buy it Now’) Auctions

Buy it Now auctions can work in one of two ways. You can add a Buy it Now button to a normal auction, meaning that buyers can choose either to bid normally or to simply pay the asking price and avoid the whole bidding process. Some sellers, though, now cut out the auction process altogether and simply list all their items at fixed price. This lets you avoid all the complications of the auction format and simply list your items for how much you want them to sell for.

Recently, eBay added a twist to fixed price auctions: the ‘best offer’. This means that buyers can contact you to negotiate a price, which could be a good way to get sell some extra stock at a small discount. The only downside to reserve and fixed price auctions is that you pay a small extra fee to use these formats. In general, it is more worth using reserve auctions for higher-priced items and fixed price auctions for lower-priced ones - but remember that you can combine the two formats.

Multiple Item (’Dutch’) Auctions

These are auctions where you can sell more than one of a certain item. Dutch auctions can be done by bidding. Buyers bid a price and say how many items they want, and then everyone pays the lowest price that was bid by one of the winning bidders. If you have trouble getting your head around that, then don’t worry - everyone else does too! These auctions are very rare.

What is more common is when a seller has a lot of one item, and lists it using a combination of two auction types: a multiple-item fixed price auction. This just means that you can just say how many of the item you they have, and offer them at a fixed price per unit. Buyers can enter how many they want and then just click Buy it Now to get them.

Now that you know about the different types of auctions, you should make sure that the items you plan to sell don’t violate eBay’s listing policies.

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Michael Tasker operates a successful information marketing business and continues to expand to various websites plus direct marketing channels as well. Discover the secrets to become an Ebay power seller in the new A-Z guide and power yourself into the 2% Ebay elite. The audio and transcript guide shows you everything that the elite use to generate a huge income selling on Ebay. Sign up for a free course at: http://www.goodbyemoneyworries.com/ebaycashpoint/ebaysign.html

What You Need to Know Before You Get Started on eBay

By Clint Herman in Featured

So you’ve decided you want to get started as a seller on eBay. There are a few things you really need to know before you go and throw yourself in at the deep end.

Selling on eBay.

First off, you need to know what it is you’re going to sell: what’s your speciality? You’ll do far better on eBay if you become a great source for certain kind of products, as people who are interested in those products will come back to you again and again. You won’t get any loyalty or real reputation if you just sell rubbish at random.

When you think about what to sell, there are a few things to consider. The most important of these is to always sell what you know. If you try to sell something on eBay that you just don’t know anything about then you’ll never write a good description and sell it for a good price.

You might think you’re not especially interested in anything, but if you think about what kind of things you usually buy and which websites you go to most often, I’m sure you’ll discover some kind of interest. If all else fails mention it to your friends and family: they’ll almost certainly say “Oh, well why don’t you sell…”, and you’ll slap your forehead.

Out of the things you know enough about, you should then consider which things you could actually get for a good enough price to resell, and how suitable they would be for posting. If you can think of something of that you’re knowledgeable about and it’s small and light enough for postage to be relatively cheap, then that’s great!

Don’t worry if you think the thing you’re selling is too obscure - it isn’t. There’s a market for almost everything on eBay, even things that wouldn’t sell once in a year if you stocked them in a shop. You’ll probably do even better if you fill a niche than if you sell something common, and believe me, the number of niches on eBay is absolutely mind-blowing.

Tax and Legal Matters.

If you earn enough money, you should be aware that you’re going to have to start paying tax - this won’t be done for you. If you decide to sell on eBay on a full-time basis, you should probably register as a business. Of course, even if you sell part-time or in your spare time on eBay, you need to consider these things. I’m no attorney - that’s just my opinion.

Prepare Yourself.

There are going to be ups and downs when you sell on eBay. Don’t pack it in if something goes a little wrong in your first few sales: the sellers who are successful on eBay are the ones who enjoy it, and stick at it whatever happens.

Anyone can sell on eBay, if they believe in themselves - and if you do decide it’s not for you, then the start-up costs are so low that you won’t really have lost anything.

If you’re ready to start selling, then the next thing you need to know is the different eBay auction types, so you can decide which ones you will use to sell your items. There’s plenty of information out there that will go into this topic in great detail. Just do on search on Google.

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Clint Herman is a successful eBay seller with over 6 years experience selling on eBay. He also loves teaching others how to sell on eBay. He is the author of “How to Get Started Selling on eBay,” which is a beginner’s guide to selling on eBay designed for people who are new to selling on eBay. The guide is available at http://www.beginnersauctionguide.com/ar.html

10 Ways to Put Your eBay Business in the Grave

By Clint Herman in Featured

It’s extremely easy to put your eBay business 6 feet under. You have to be careful, even though you can start over from scratch without it costing you much, but is this something you really want to do? However, if you want your business to end up dead in the water, here are some simple ways to do it.

Lie about an auction item: If you say an item works fine when it sometimes doesn’t or if you say it’s in perfect condition when it has blemishes then you will have angry customers.

Mail the auction item whenever you feel like it: If you leave your customers hanging around wondering when their item is going to turn up then you will probably end up with no repeat buyers.

Let items end anytime: Few people will be around to bid on your auction if it’s ending in the middle of the night. You should go to the trouble of working out whether auctions will end at a good time.

Don’t bother with email: If you take the attitude that communicating with customers is a timewasters then your eBay businesses will end up on the chopping block fast. Communicate by giving informed responses to questions about your auction item.

Offer trash: Don’t get caught up thinking you can just sell any old tat from the market for a huge profit on eBay. Don’t let quality be someone else’s concern. At the very least, if you do sell an item at auction that is old, tarnished, scratched, etc. then be open and honest about this in your eBay auction ad.

Give no discounts: If you stand hard and fast to the adage that you will give no eBay buyers discounts then you are going to leave money on the table. Not only can you get buyers to buy more, you can get buyers to come back again.

Use visually unappealing auction listings: Things to do if you want to repel potential bidders: use a bunch of colors, flashing lights and animations. Write the entire auction description in CAPITALS!!!! Hey, might as well use big, red capital letters. Also, be sure to use the fonts Impact and Comic Sans, and for an extra special touch, see if you can figure out a way to add some music.

Don’t use pictures of your auction item: Not only do pictures give more information to your eBay bidders, but they will also give your auction more of a chance of getting checked out when buyers do searches. And I personally think having pictures in your listing can give bidders more of sense that they will not get ripped off by you.

Write short descriptions: Another eBay business killer is to be as brief as possible in your auction description. Also, try not too use too many mysterious abbreviations, and for goodness sakes do not just write the title again in the description box. Use reserve auctions: Now, this is a fairly controversial idea, but this can be one of the best ways to scare away your eBay customers. They’ll see ‘reserve not yet met’, and click that ‘back’ button before you know it. Luckily, they can always bid in a normal auction for the item somewhere else. Now I know this can be used properly, but try to avoid it as often as possible.

God bless, Clint

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Clint Herman is a successful eBay seller with over 6 years experience selling on eBay. He also loves teaching others how to sell on eBay. He is the author of “How to Get Started Selling on eBay,” which is a beginner’s guide to selling on eBay designed for people who are new to selling on eBay. The guide is available at http://www.beginnersauctionguide.com

10 Ideas to Increase Your eBay Response

By Clint Herman in Featured

So now you have a potential eBay buyer checking out your auction. They’re obviously interested in the item you are selling, or they wouldn’t be checking out your auction. Let’s say they’re on the fence about whether to buy or not. So how can you nudge them and get them to bid or buy? Well, check out the tips below.

Increase your picture quality: It’s been said over and over - a picture is worth a thousand words. If your picture is not good quality then it probably won’t matter what you wrote in your description Maybe you missed something important that a good quality picture would convey. If you have bad lighting or a background that drowns out your item then it will be worth little to nothing to those checking out your auction. Make sure people can see what you’re selling and consider using multiple pictures to show different angles and aspects of your item.

EBay Warning: Dropshipping? PayPal Is Holding Your Money!

By Melody Wigdahl in Featured

EBay has been the ideal home based business for years. Most of us started with the ‘clean out the garage’ model, and over time graduated to dropshipping, and in many cases, it has turned into a pretty significant fulltime income.

Over the last several weeks, several VERY disturbing changes have taken place at EBay as EBay seems intent on wiping out the very business base that built the behemoth, to focus on the corporate clientele that have taken a much larger position on EBay over the past couple of years, using EBay to sell off their excess inventory directly, rather than selling to the large discount chains as was the previous habit.

Here’s an overview of some of the most significant - and damaging - changes that affect you and I, the folks that have built home businesses around EBay….

1) The EBay Feedback system now only allows Sellers to leave POSITIVE for Buyers. On the other hand, Buyers can leave any kind of feedback they want for Sellers. This means that if you have a problem with a Buyer (gee - that never happens, right?) you are pretty much out of luck! So, if the Buyer feels that he should have received his widget in 3 working days - even though you clearly state that it takes no less than 10 working days for the widget to ship - he can give you a negative! And you are pretty much powerless since there is no arbitration system in place.

2) Neutral Feedback? HAH!! Guess what? They no longer exist! All of your neutral comments have now been converted to NEGATIVE feedback ratings. Top PowerSellers have lost their PowerSeller status and the perks that went along with it - including the extra discounts that were often factored into their pricing. Although the PowerSellers were given a period of time to ‘correct’ the situation - the bottom line is that Buyers are not terribly responsive to such requests - and this means that a huge percentage of PowerSellers…aren’t. An interesting side note here is that one PowerSeller that was hit by these changes…..is also one of the speakers at this week’s EBay Live Conference in Chicago……should be a very interesting speech…….

3) The Final Straw…….dropshipping is huge on EBay. My hubby has been very successful dropshipping on EBay - both through EBay partners such as Doba and others, as well as resources of his own, through his 25 years in the wholesale gift industry. Today he received an email from PayPal stating that any orders that were ‘known to be dropshipping” would result in a 21 day hold on the funds from the customer! The only way around this is to send PayPal the tracking notice when the product ships and supposedly they will ‘release’ your funds.

Personally - I have dealt with PayPal in the past over disputes - and the response times are horrible. Basically, this means that if you have been earning a living dropshipping - you will now have to be financially solvent enough to cover all of your sales out of your own pocket, rather than paying for the product with the funds from PayPal. This pretty much will kill the entire dropshipping business model for most people on EBay.

4) No digital products - Ebooks were a HUGE seller on EBay and it was a great business model! Automated download, a real ’set it and forget it’ business model if handled correctly. But apparently it was not handled correctly by many and now ebooks and other digital items must be sold in DVD format and physically shipped. exactly why it was such a great business - you didn’t have to ship anything!

At one point, we had 4 stores on EBay and thousands of products, but we have been ‘branching out’ and are looking at other products, such as the EBay Affiliate program, niche store scripts etc.

After this latest round of changes, and the notice today from PayPal, we will be pulling 99% of our products off EBay.

As a home business - it no longer works for us.

Over the next few days we will be posting reviews of the various store models as we take them for a test drive - we will bring the pros and cons of every system!!

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Melody Wigdahl is a serial entrepreneur, lifelong geek and founder of Work At Home Ideas For Women, and The WomensNet Network, Home Of The Amber Grants For Women Entrepreneurs , a networking and resource site for women entrepreneurs. Melody has been working from home for more than 2 decades - web based since 1996 - and loves to share ideas and stories with other entrepreneurs!

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