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Artists, craftspeople and photographers are successfully selling their wares everyday on the online auction site, eBay. According to a recent analysis of eBay sales, a crafts-related item is sold every nine seconds, a scrapbook item is sold every minute, and 40 cross-stitch items sell in an hour on eBay. Sales of craft items on eBay have grown almost 60 percent in the past year, according to TheBidFloor.com.
But, at the same time, many would be sellers are listing their pieces for sale on auctions and getting no bids, concluding that eBay just doesn't work.
Here are some tips from James Dillehay, craft artist, eBay seller and author of the new book, "Sell Your Crafts on eBay" (Warm Snow Publishers), on how to profitably sell your wares online:
1. A word's spelling impacts an item's profitability. For example, the word 'handmade,' spelled as one word, was part of 2,233 auction titles with an average closing price of $16.29. However, auction titles that included 'hand made' as two words were found in 1,358 listings, but with an average auction closing price higher, at $27.81, or $11.52 more profit per item.
2. Go to eBay and find the search box. Type in the word or phrase that describes your art or craft item. Then scroll down the links on the left side of the page and click on the link for "completed items." Here, you'll be able to see the demand for this type of product. Do searches for your items every two to three weeks to chart buying patterns.
3. Find out how much people are willing to pay for your wares. Click on the link that says "highest price." This will give you a list of completed auctions from highest priced items to lowest priced ones. You want to know what people are willing to pay for items like yours. If you can't make and sell your product for a profit, eBay might not be your marketplace.
4. Determine how much money you'll make on your product. To determine your profitability, use the cost of your materials plus the cost of your labor plus the cost of your selling price, which should be the minimum price to recover your expenses. If it takes you eight hours to make a piece of jewelry and the highest priced similar item sells on eBay for $26, you won't make a profit.
5. Look at the elements of successful sellers of products that are similar to yours. Examine their winning auction titles. Observe how much detail they use to describe their item. See if the seller used any of eBay's special features such as gallery photos or a bold, featured listing. Evaluate the starting price, starting day of the week, and duration of winning auctions.
For more tips on how to sell your craft items on eBay, consult a resource book like "Sell Your Crafts on eBay," by James Dillehay. It offers-more than 200 easy-to-learn tactics and tips that help sell art, craft and theme-related items for a profit on eBay and on other online auction Web sites.
James Dillehay is a 20 year crafts veteran and nationally recognized expert on craft business. Author of eight books, his articles have helped readers of Family Circle, Better Homes & Gardens, Country Almanac, Working Mothers, The Crafts Report, Sunshine Artist, and many other magazines. For more information, see http://www.craftmarketer.com
Massive Paradiso Del Mar estate goes to auction Saturday in Manalapan
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AZ Big Media
State Land Department will auction 269-acre parcel
AZ Big Media
The auction is open to the public. An auction notice containing bidding information as well as a schedule of upcoming auctions is available at www.azland.gov/upcoming-auctions. The successful auction amount from this sale on April 25 will be placed in ...
Copy of Action Comics #1 could fetch $600k at auction
A copy of Action Comics #1 (1938), featuring the first appearance of Superman, is on the auction block. The current bid is $300k and Heritage Auctions says it could go up to $600k or more. The book considered by many to be the “Holy Grail” of comics ...
Dove House fundraiser includes online auction bidding
Although the Dove House Children's Advocacy Center's biggest fundraiser of the year is sold out next month, you can still help support the organization via its online auction. Dove House, which assists child victims of sexual abuse and their non ...
5-Year TIPS Auctions With A Real Yield Of 0.631%, Highest In Nearly 9 Years
The after-inflation yield was the highest for any 4- to 5-year TIPS auction since October 2009. The coupon rate was set at 0.625%, the first time any TIPS of this term has had a coupon rate higher than 0.125% since April 2010. The inflation breakeven ...
Figures down year on year at Auction House London sale
Auction House London raised £13m at its latest sale last week, selling 57, or 68%, of the 85 lots offered – less than the £14.6m raised and 76% success rate achieved last April. Eight lots sold before the auction for undisclosed prices. The star lot at ...
James Bond actor Daniel Craig auctions Aston Martin for New York education project
The Centenary Edition, midnight-blue Aston Martin Vanquish owned by James Bond actor Daniel Craig goes under the hammer at Christie's Exceptional Sale in New York on Friday. Expected to reach between $400,000 and $600,000 (€324,000 to €486,000), the ...
How Far Has the Photography Market Really Come? Four Data-Driven Conclusions from the Spring Photography ...
New York's most recent slate of spring photography auctions still looms large in the rear-view mirror—but their visibility owes much more to their proximity than the size of their profits. After reaching a peak in 2013, photography sales have slid ...
Otago Daily Times
Global dairy auction firm
Otago Daily Times
Overall auction prices lifted 2.7% while the 0.9% whole milk powder price lift was in line with expectations. Milk fat prices were strong. Anhydrous milk fat jumped 5.4% after the previous auction's fall and butter prices rose 2.9%. Westpac senior ...
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