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The popularity of online auction site eBay has been legendary. With millions of transactions completed daily, it is no surprise why many individuals who do not usually shop online regularly purchase items through eBay. From antique washboards to brand new wedding gowns, everything under the sun can be found within the many categories in one of the web's most popular websites. Many entrepreneurs have used the website's popularity to their advantage and sell things on eBay. With little start-up costs, using eBay as your marketplace instead of a traditional storefront, selling items on eBay is an excellent means for any entrepreneur to develop a successful business.
There are many e-books and websites devoted on how to start an eBay business, so resources abound on the World Wide Web. You may want to seek out individuals who have started a successful eBay business for their stories and helpful tips. You can find these individuals by directly contacting them through their eBay sites or through business-related websites. Additionally, you should check out the websites of other eBay sellers, especially those selling things similar to your goods. Finally, access the eBay website and find the specifics on how to go about setting up your eBay business. You will find some auctions will be more successful than others. Many sellers choose to set their auctions to end on a weekend instead of a week day. These sellers have determined their auctions tend to elicit more bids during that time since more potential buyers are online.
Regardless what you choose to sell on eBay, keep in mind the size and shape. You will be shipping all auction items to their buyers, who will cover the cost of shipping in their payment. For this reason, many buyers may be hesitant to bid on items that will be expensive to ship. Additionally, you will want to choose items that will easily fit into a standard-size box, since oversized items (even though they may be lightweight) will be expensive to ship. You will want to be knowledgeable of the shipping policies of the United States Postal Service in addition to other shipping companies. Furthermore, if you plan of shipping a large volume of items, you should consider where you are going to get your shipping supplies. Many sellers add in a slight handling fee to cover the cost of these supplies.
Just as with starting any business, carefully consider what type of eBay business you wish to start. Deciding what items to sell will be a huge part of the start-up of your eBay business, as you must figure out where you are going to get your stock. Many sellers choose to sell their handmade or craft items instead of purchased goods. Other individuals choose to sell antiques on eBay instead of renting space in an antique mall or setting up a traditional storefront shop. If you currently participate in an "at-home" business such as Mary Kay, Pampered Chef, or Creative Memories, eBay is an excellent way to expand your clientele. Many buyers are looking for these items but do not know a representative or do not wish to wait the traditional order time to receive their products.
Whatever you choose to sell on eBay, the appearance and wording of your auction will make all the different when it comes to selling your products. Perhaps the most important feature of your auction website will be the photographs of the products. Investing in a digital camera will pay off quite well in the end, as most eBay users do not look at auctions unless they have images of the product attached. Your description should compliment your image and describe the product to the utmost detail. If there are any flaws in the item, be sure to note this and even take a picture. You will find sellers would rather bid on items they know is slightly damaged instead of thinking they have been duped when they receive your auction in less than mint condition. The buyer feedback that makes up your seller rating will be quite important, since you are selling items based on your good faith.
John Evans runs http://www.SuccessAlert.com, and has written the book Success Alert - Conversations with Successful Internet Entrepreneurs which has been widely acclaimed in a variety of online and print media. If you want to learn to sell things on eBay this book is an absolute must-read!
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Game Theory, Nobel Prize, & Auctions - Auction Primer Series - Part 1 William Vickrey, highly regarded as the founder of auction theory, was an economics professor at Columbia University when he published two papers outlining his views on auctions:"Counterspeculation, Auctions, and Competitive Sealed Tenders", 1961, Journal of Finance"Auction and Bidding Games", 1962, Recent Advances in Game TheoryIn 1996 he received a Nobel Prize "for fundamental contributions to the economic theory of incentives under asymmetric information." It's important to understand that asymmetric information is an essential component of auctions, where potential buyers have varying levels of knowledge about the value of the item. Is The eBay Fee Increase Actually Good For Business? Fee Increase Leaves Some Sellers Angry, Others ThrilledMuch of my email from readers this month concerned the recent announcement from eBay that it will increase many seller fees on February 18, 2005. Since many business people use eBay's online store system as their primary ecommerce point of sale, it's no surprise that most of the emails I received were of the angry variety. Selling through Auction Marketplaces Consumers are increasingly feeling more comfortable in buying products through the Internet. According to a report released recently by the Department of Commerce first-quarter retail sales rose 23. Dropship Your Way to Success Many people know they would like to start an Internet business, but they don't have a product to sell. The solution is often drop shipping. How To Stop eBay Buyers From Sniping Your Auction For Less Than Its True Value There are many savvy eBay buyers who use automated bidding programs, which are referred to as sniping software. Sniping allows the eBay buyer to place an unseen bid in the last seconds of an eBay auction allowing them to win the eBay auction at a very low price if there was no reserve. Sell Your Items at Cost and Make a Fortune on eBay! Like all eBay sellers I wanted to sell all of my items at a profit and what I found was that when I was getting to the end of line items that I was ending up selling them at cost, even though the items were finally selling at a profit price, because I was having to factor in the eBay relisting fees etc.So I took a moment and sat down and thought how I could deal with these items and still make money. 12 Items You CANT Sell On eBay Millions of would-be entrepreneurs want to sell things on eBay. eBay is the #1 home-business opportunity in the world right now, so it's natural that many are eager to find highly profitable items for re-sale on eBay. Instructions on How to Put Picture on eBay Like many folks, you have heard of online auctions. Heck, even non-computer users have heard of eBay. Making Your Auction Business Stand Out From The Crowd When my sons were growing up they started playing hockey when they were 6 years old. Each of them, in their first year, scored more goals than the rest of their team combined. How to Make Money from Internet Auctions If your business is not using eBay and other Internet auctions, you could be missing out. Here are just a few ways of generating additional income, profits and cashflow from online auctions. Learn How To Be A Successful eBay Seller Anyone can sell anything on eBay. Open an account, list your product, and wait for the bids to start coming in. Get More for Your Money Shopping for Designer Shoes on eBay The worlds online market place. In just a few short years eBay has become a household name and millions of people are registered users benefiting from the enormous variety of auctions listed every day. Fed Up With eBay? For many people, their first experience of working online involves selling products on eBay. This was how I got started back in 1998 and I know countless other people that have done the same. Online Auctions Business Online auction sites are a great way to find a bargain on almost anything and an excellent way of getting the best price for selling something of your own. Online auctions are different from their real-world counterparts. eBay: No Way? Yes Way (Ten Seller Themes) Hearing that there are more than 1.2 million registered eBay users, that more than 25,000 members make five figure income as full time eBay entrepreneurs, and that more than 250,000 part timers make several thousand dollars a year of supplementary income from eBay enterprises would make anyone comment in disbelief with, "No Way". Drop Shipping Is Your Perfect Home Based Business Solution Drop Shipping Is Your Perfect Home Based Business Solution. Drop shipping is one of the greatest businesses to operate from home. 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