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How To Increase eBay Profits


Some sell on eBay to clean out their garage or attic. Some sell to make a little extra money here and there. But for some, eBay represents a chance to create a second income or start a home business. Product choice is important. But to really increase profit you must know how to increase the number and amount of bids per item. An eBay seller must maximize each product's profit margin. This article describes techniques to make as much profit as possible.

1. Sell like products at the same time. Bidders look to see what else you have for sale they might be interested in. Combined shipping saves postage for the buyer. Packing in the same box saves time and packing costs for the seller.

2. Bundle a less desirable item with a more desirable item increases sales. This is an old offline auction technique. If the bidder wants the better item he has to buy both. If two sellers offer the same item, the buyer bids on the two item auction. Bundling two low cost items together also increases bids. A buyer may not be willing to pay shipping for one item, but would for two.

3. Remember seasonal issues. Don't sell snow skis in July, water skis in January. Be sure to offer seasonal items early enough to allow for shipping. Don't expect to sell many Christmas items that must be shipped during the second week of December.

4. Understand profit margins. Don't buy to resell for only a $5 profit when you can make $20 on a different item. Determine your desired monthly income and choose products appropriately. Want to make 1000 a month? That is $250 a week. That's ten successful actions at $25.00 profit, or five items at $200 a month, or ten items at $100 each. Also packing 10 items takes less time than packing 20 items. Always consider time as a cost.

5. Don't forget back end sales and secondary products. Offer similar products during the payment process or on your auction store/web site. If you sell underground fences for dogs, an up-sell item is a customized collar. A secondary product could be a pet door. Another secondary product could be a ebook on "Travel Safely With Your Pet". A back-end sale to the ebook could be a item that helps your family travel safely with your pet.

6. The List - For many successful online sellers the mailing list is where their money is made. Using a auto responder, sellers automatically email customers on their list at regular intervals. Including content with announcements of upcoming sales increases back end sales. Once a customer buys, they are more likely to buy again from same person or company.

7. Customer demographics should be considered. Collectors have expectations non-collectors don't. Example, some book buyers that are allergic like to see "book from non-smoking home" in ad. This would earn you a higher bid. What does the customer expect to see in a description?

8. Auction terms and conditions should be included with each auction. What shipping options are available? Do you take questions? Do you ship only certain days? What kind of payments do you take? Type whatever standard terms you offer in a word processor and cut and paste into your auctions. This saves time. For some sellers, typing the content for each auction is one of the most time consuming tasks.

Profit involves keeping costs reasonably low and creating higher bids. We've described some techniques for increasing profit. Sit down and mentally run through the process of auction selling and come up with some of your own ideas. eBay is a great business opportunity but like any business, sellers must be wise in their product choice and sales techniques.

Author info: L. C. Peterson is a writer and web marketing consultant. Her sites include http://www.new2auctions.com, http://www.LCPeterson.com, and http://www.publishingebooks.com. For more information on online marketing, content and ebook creation and online auctions take a look.


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Wed. September / 30 / 2020

Q&A: End of biodiesel auctions causes imbalance - Argus Media
Q&A: End of biodiesel auctions causes imbalance  Argus Media

FCC auctions should be a long-term boost for 5G availability - Network World
FCC auctions should be a long-term boost for 5G availability  Network World

Lancaster County's produce auctions get a boost during pandemic - Fly Magazine
Lancaster County's produce auctions get a boost during pandemic  Fly Magazine

DuckDuckGo slams Google’s Android search engine auction as “fundamentally flawed” - The Verge
DuckDuckGo slams Google’s Android search engine auction as “fundamentally flawed”  The Verge

Community rewards 4-Hers' hard work despite cancelled auctions - Bluffton News Banner
Community rewards 4-Hers' hard work despite cancelled auctions  Bluffton News Banner

Pinarello Auctions Off Limited-Edition Road Bikes for Charity - GearJunkie
Pinarello Auctions Off Limited-Edition Road Bikes for Charity  GearJunkie

Davenport auction boasts iconic NASA, space memorabilia - KREM.com
Davenport auction boasts iconic NASA, space memorabilia  KREM.com

100th Bomb Group restaurant up for auction - cleveland.com
100th Bomb Group restaurant up for auction  cleveland.com

"Celebration of the Phillies" Auction Set for October - Sports Collectors Daily
"Celebration of the Phillies" Auction Set for October  Sports Collectors Daily

176-year-old block used for slave auctions set to be displayed in museum, with context - KTLA Los Angeles
176-year-old block used for slave auctions set to be displayed in museum, with context  KTLA Los Angeles

Enjoy art and auctions at Farm to Table(aux), benefitting the Boys & Girls Club - Bakersfield Now
Enjoy art and auctions at Farm to Table(aux), benefitting the Boys & Girls Club  Bakersfield Now

Trio of Spectacular Ferrari's Set For Auction - Sports Car Digest
Trio of Spectacular Ferrari's Set For Auction  Sports Car Digest

JFK Convertible Heads to Auction for Second Time in a Decade - Autoweek
JFK Convertible Heads to Auction for Second Time in a Decade  Autoweek

Solar auctions to spread PV over the commercial landscape - pv magazine International
Solar auctions to spread PV over the commercial landscape  pv magazine International

eBay Begins Vinyl Obsession Week Featuring RSD Drops, MusiCares Auctions, Indie Partners, More - Live for Live Music
eBay Begins Vinyl Obsession Week Featuring RSD Drops, MusiCares Auctions, Indie Partners, More  Live for Live Music

Annual Erin’s House auction fundraiser goes virtual - WANE
Annual Erin’s House auction fundraiser goes virtual  WANE

November auction set for MacMurray College campus - Wichita Eagle
November auction set for MacMurray College campus  Wichita Eagle

Twin replica of Tiger Woods' famous Scotty Cameron putter sets auction record - Golf Channel
Twin replica of Tiger Woods' famous Scotty Cameron putter sets auction record  Golf Channel

Massive Virginia farm and estate just off I-81 heads to auction - Washington Business Journal
Massive Virginia farm and estate just off I-81 heads to auction  Washington Business Journal

The Best Bottles From the Cape Winemakers Guild 2020 Auction - Wine Enthusiast Magazine Online
The Best Bottles From the Cape Winemakers Guild 2020 Auction  Wine Enthusiast Magazine Online

Kaminski Hosts Extensive Auction of Fine Furnishings from Waldorf Astoria New York - WFMZ Allentown
Kaminski Hosts Extensive Auction of Fine Furnishings from Waldorf Astoria New York  WFMZ Allentown

Leland Little's Fall Auction Led By $44840 Sparkler - Antiques and the Arts Online
Leland Little's Fall Auction Led By $44840 Sparkler  Antiques and the Arts Online

Result of the auction of treasury bills on 29 September 2020 - GlobeNewswire
Result of the auction of treasury bills on 29 September 2020  GlobeNewswire

NDSU Game Day Auction Scheduled for this Saturday - NDSU - NDSU Bison Athletics
NDSU Game Day Auction Scheduled for this Saturday - NDSU  NDSU Bison Athletics

Cal Ripken Jr. To Auction Memorabilia From Record-Breaking Game - Havre de Grace, MD Patch
Cal Ripken Jr. To Auction Memorabilia From Record-Breaking Game  Havre de Grace, MD Patch

David Dike Fine Art Fall Auction Goes Virtual Oct. 3 - Focusdailynews
David Dike Fine Art Fall Auction Goes Virtual Oct. 3  Focusdailynews

American Cancer Society To Hold Virtual Hope Gala Honolulu With Online Auction - Maui Now
American Cancer Society To Hold Virtual Hope Gala Honolulu With Online Auction  Maui Now

Items From Cal Ripken Jr’s Entire Baseball Career Up For Auction - CBS Baltimore
Items From Cal Ripken Jr’s Entire Baseball Career Up For Auction  CBS Baltimore

Sterling Flatware & Estate Treasures Shine For Fairfield Auction - Antiques and the Arts Online
Sterling Flatware & Estate Treasures Shine For Fairfield Auction  Antiques and the Arts Online

Tiger Woods' backup Scotty Cameron putter recently sells for over $150,000 at auction - CBS Sports
Tiger Woods' backup Scotty Cameron putter recently sells for over $150,000 at auction  CBS Sports

Auction Featuring Vin Scully’s Personal Items Garners Over $2M - CBS Los Angeles
Auction Featuring Vin Scully’s Personal Items Garners Over $2M  CBS Los Angeles

A piece of Bryan High School history is up for auction - KBTX
A piece of Bryan High School history is up for auction  KBTX

Robot Conquers Auction - Antique Trader
Robot Conquers Auction  Antique Trader

Star-studded Hill Country ranch dances onto auction block for $4.75 million - CultureMap Houston
Star-studded Hill Country ranch dances onto auction block for $4.75 million  CultureMap Houston

SBI mega e-auction for properties across the country today: Check eligibility, how to apply - Mint
SBI mega e-auction for properties across the country today: Check eligibility, how to apply  Mint

Andalusia holds online "Cabaret by the River," auction - Bucks County Courier Times
Andalusia holds online "Cabaret by the River," auction  Bucks County Courier Times

HSFAAuctions Present The Preeminent Warhol Online Auction - PRNewswire
HSFAAuctions Present The Preeminent Warhol Online Auction  PRNewswire

Auction Prices That Take Your Breath Away - The New York Times
Auction Prices That Take Your Breath Away  The New York Times

France Puts 5G Mobile Frequencies on Auction Block - Courthouse News Service
France Puts 5G Mobile Frequencies on Auction Block  Courthouse News Service

Eds: Repeating to correct auction dates. - San Francisco Chronicle
Eds: Repeating to correct auction dates.  San Francisco Chronicle

Classic car and automobilia auction returns to Expo this weekend - Great Bend Tribune
Classic car and automobilia auction returns to Expo this weekend  Great Bend Tribune

Bitcoin Exchange Owner Convicted for Role in Web Auction Fraud Scheme - Security Boulevard
Bitcoin Exchange Owner Convicted for Role in Web Auction Fraud Scheme  Security Boulevard

Fort Bend County Fair holds modified youth livestock auction - Chron.com
Fort Bend County Fair holds modified youth livestock auction  Chron.com

Virtual quilt auction planned | News, Sports, Jobs - Iron Mountain Daily News
Virtual quilt auction planned | News, Sports, Jobs  Iron Mountain Daily News

Humane Society's virtual auctions aim to boost fundraising - Bowling Green Daily News
Humane Society's virtual auctions aim to boost fundraising  Bowling Green Daily News

MacMurray College real estate going to auction - Jacksonville Journal-Courier
MacMurray College real estate going to auction  Jacksonville Journal-Courier

Cowan's Sets Auction Record For Native American Tobacco Bag At $131250 - Antiques and the Arts Online
Cowan's Sets Auction Record For Native American Tobacco Bag At $131250  Antiques and the Arts Online

Massive whiskey collection put together by novice may earn millions at auction - Fox News
Massive whiskey collection put together by novice may earn millions at auction  Fox News

Derek Sanderson recalls his playing days ahead of auction - The Boston Globe
Derek Sanderson recalls his playing days ahead of auction  The Boston Globe

9000 Bottle Whisky Collection From A Former "Whisky Novice" Goes Up For Auction - The Whiskey Wash
9000 Bottle Whisky Collection From A Former "Whisky Novice" Goes Up For Auction  The Whiskey Wash

Huntsville Mayor reacts to Remington’s Bankruptcy Auction - WAFF
Huntsville Mayor reacts to Remington’s Bankruptcy Auction  WAFF

On 50 Lots, Doyle's Important Paintings Auction Takes $1.7 Million - Antiques and the Arts Online
On 50 Lots, Doyle's Important Paintings Auction Takes $1.7 Million  Antiques and the Arts Online

Exclusive: Pakistan to auction extra telecom spectrum; seeks $1 billion - sources - Reuters
Exclusive: Pakistan to auction extra telecom spectrum; seeks $1 billion - sources  Reuters

A Thoroughly Restored 1961 MG MGA Roadster Will Lead the Petersen Museum’s Online Gala Auction - Robb Report
A Thoroughly Restored 1961 MG MGA Roadster Will Lead the Petersen Museum’s Online Gala Auction  Robb Report

YMCA hosts online auction to benefit scholarship fund - Grand Forks Herald
YMCA hosts online auction to benefit scholarship fund  Grand Forks Herald

Otsego to auction tax-foreclosed properties next month - Oneonta Daily Star
Otsego to auction tax-foreclosed properties next month  Oneonta Daily Star

See farm auction draws crowd in Carleton - Monroe Evening News
See farm auction draws crowd in Carleton  Monroe Evening News

FGCU Athletics Announces Sustaining Flight Fundraiser and Auction - FGCU Athletics
FGCU Athletics Announces Sustaining Flight Fundraiser and Auction  FGCU Athletics

Bidding in first of 2 online auctions for confiscated hunting, fishing equipment open, ends Saturday - KSTP
Bidding in first of 2 online auctions for confiscated hunting, fishing equipment open, ends Saturday  KSTP

Bonnette Auctions announces upcoming auction on Saturday - KALB
Bonnette Auctions announces upcoming auction on Saturday  KALB

Unicorn Auctions Offers An Online Whiskey Auction Model To American Consumers - The Whiskey Wash
Unicorn Auctions Offers An Online Whiskey Auction Model To American Consumers  The Whiskey Wash

Audubon Letters on Books & Bookselling Head to Auction - Fine Books & Collections Magazine
Audubon Letters on Books & Bookselling Head to Auction  Fine Books & Collections Magazine

Nolensville Historical Society to host auction fundraiser for Morton-Brittain House - williamsonherald.com
Nolensville Historical Society to host auction fundraiser for Morton-Brittain House  williamsonherald.com

Digital auto auctions are effective and safer - Automotive News
Digital auto auctions are effective and safer  Automotive News

Nebraska: What’s Hot on the Auction Block - Columbus Telegram
Nebraska: What’s Hot on the Auction Block  Columbus Telegram

Nashville: An Auction for ACM Lifting Lives Covid 19 Response Fund | Charity Auction - Christie's
Nashville: An Auction for ACM Lifting Lives Covid 19 Response Fund | Charity Auction  Christie's

Result of the buy-back auction of 0.25 per cent DGB 2020 - GlobeNewswire
Result of the buy-back auction of 0.25 per cent DGB 2020  GlobeNewswire

Bruneau & Co.'s October 17th auction features vintage comic books, Pokemon collectibles, toys, dolls - ArtfixDaily
Bruneau & Co.'s October 17th auction features vintage comic books, Pokemon collectibles, toys, dolls  ArtfixDaily

Westwoods First Baptist Church kicks off online silent auction for shutters - Wicked Local Sharon
Westwoods First Baptist Church kicks off online silent auction for shutters  Wicked Local Sharon

RM Sotheby's Auburn Auction celebrates 50 years of a Labor Day tradition - wpta21.com
RM Sotheby's Auburn Auction celebrates 50 years of a Labor Day tradition  wpta21.com

Auction to benefit VFW Auxiliary member | News | parsonssun.com - Parsons Sun
Auction to benefit VFW Auxiliary member | News | parsonssun.com  Parsons Sun

Sotheby’s auctions AIC professor’s photos - WWLP.com
Sotheby’s auctions AIC professor’s photos  WWLP.com

Auction.com enables remote bidding on live foreclosure properties - HousingWire
Auction.com enables remote bidding on live foreclosure properties  HousingWire

Own a piece of Chiefs history: Union Station memorabilia up for auction - KMBC Kansas City
Own a piece of Chiefs history: Union Station memorabilia up for auction  KMBC Kansas City

Meg White Cymbal Sold at Auction May Have Broken Auction Record - wmmr.com
Meg White Cymbal Sold at Auction May Have Broken Auction Record  wmmr.com

Historic Brunswick hotel sold at auction - Portland Press Herald - Press Herald
Historic Brunswick hotel sold at auction - Portland Press Herald  Press Herald

Gilliam Tops Weschler's Capital Collections Auction - Antiques and the Arts Online
Gilliam Tops Weschler's Capital Collections Auction  Antiques and the Arts Online

Safe distancing: Airport's auction of abandoned vehicles to be held online this year - Pittsburgh Post-Gazette
Safe distancing: Airport's auction of abandoned vehicles to be held online this year  Pittsburgh Post-Gazette

Legendary Dodgers Broadcaster Vin Scully to Auction Off Personal Items - NBC Southern California
Legendary Dodgers Broadcaster Vin Scully to Auction Off Personal Items  NBC Southern California

World Squash Day Auction to Take Place October 3-10 - Around the Rings
World Squash Day Auction to Take Place October 3-10  Around the Rings

Auction Alert: The Original Rosie The Riveter Had Amazing Jewelry - JCK
Auction Alert: The Original Rosie The Riveter Had Amazing Jewelry  JCK

One of the last privately-owned Botticelli portraits could sell for over $80M - CNN
One of the last privately-owned Botticelli portraits could sell for over $80M  CNN

El Paso County still holding auctions in person, looking for options to make them safer - KFOX El Paso
El Paso County still holding auctions in person, looking for options to make them safer  KFOX El Paso

Vin Scully’s Personal Collection Of Dodgers Memorabilia Up For Auction - CBS Los Angeles
Vin Scully’s Personal Collection Of Dodgers Memorabilia Up For Auction  CBS Los Angeles

Leading Auction House Christie's Listing Bitcoin Art for the First Time - Bitcoin News
Leading Auction House Christie's Listing Bitcoin Art for the First Time  Bitcoin News

Arabian horse farm with Patrick Swayze connection up for auction in Texas Hill Country - KSAT San Antonio
Arabian horse farm with Patrick Swayze connection up for auction in Texas Hill Country  KSAT San Antonio

Solve a Clandestine Coronado Crime with Your Family; First-Ever CSF Auction Gets a Mystery Makeover! - Coronado Times Newspaper
Solve a Clandestine Coronado Crime with Your Family; First-Ever CSF Auction Gets a Mystery Makeover!  Coronado Times Newspaper

Oct 2 | Million Dollar Auction Sale | Dundalk, MD Patch - Patch.com
Oct 2 | Million Dollar Auction Sale | Dundalk, MD Patch  Patch.com

How to buy a house at auction - MSN Money
How to buy a house at auction  MSN Money

'World's largest private whisky collection' goes up for auction - BBC News
'World's largest private whisky collection' goes up for auction  BBC News

Pennsylvania to auction more than 600 vehicles on Oct. 13 - Daily American Online
Pennsylvania to auction more than 600 vehicles on Oct. 13  Daily American Online

Details On Remington Auction Coming Out - WUTR/WFXV - CNYhomepage.com
Details On Remington Auction Coming Out  WUTR/WFXV - CNYhomepage.com

‘Holy grail’ of Beatles’ rarities, signed on train to DC concert, up for auction - WTOP
‘Holy grail’ of Beatles’ rarities, signed on train to DC concert, up for auction  WTOP

Farm Safety At Christian County Livestock And Roeder Auction - wkdzradio.com
Farm Safety At Christian County Livestock And Roeder Auction  wkdzradio.com

HiBid.com Auctions Soared Past $45.3 Million Last Week; Farm Equipment, Coins, Classic Cars & More for Sale Now - PRNewswire
HiBid.com Auctions Soared Past $45.3 Million Last Week; Farm Equipment, Coins, Classic Cars & More for Sale Now  PRNewswire

NYS Sen. Jim Seward closely monitoring auction of Remington Arms - whcuradio.com
NYS Sen. Jim Seward closely monitoring auction of Remington Arms  whcuradio.com

Auction of La Grange hand-decorated party carts raises more than $5,000 for non-profit organizations - Chicago Tribune
Auction of La Grange hand-decorated party carts raises more than $5,000 for non-profit organizations  Chicago Tribune

GreatCollections to Auction Yellowstone Collection of US Gold Coins - CoinWeek
GreatCollections to Auction Yellowstone Collection of US Gold Coins  CoinWeek

Hill Country ranch with 234 acres and dance floor created for Patrick Swayze up for auction (slideshow) - San Antonio Business Journal
Hill Country ranch with 234 acres and dance floor created for Patrick Swayze up for auction (slideshow)  San Antonio Business Journal

Virtual quilt auction to be held | News, Sports, Jobs - Marquette Mining Journal
Virtual quilt auction to be held | News, Sports, Jobs  Marquette Mining Journal

 

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