Auction Information

The Top Ten Tips For Auction Success!


If you were to look through eBay, or any other online auction site for that matter, you would find that many people make some very basic mistakes. And, they repeat these mistakes over and over again. As indicated in my book "eBay Marketing Wholesale SourcePak" with a little common sense these mistakes are completely preventable. So to prevent you from making these very same mistakes I have put together the Top Ten Tips For Auction Success.

10. Shipping
Always state what your shipping price will be. And, Do Not try to rip off your buyers by inflating the shipping price to increase your profit. Believe it or not, people do have a fair idea of what shipping costs should be. If they feel you are inflating your shipping price they will not bid on your item and may not look at any of your other auctions either from fear of being ripped off.

9. Customer Support
You must respond to all emails regarding your auctions. Yes, responding to emails is time consuming. But, if you don't, that potential bidder will look else ware for the product and you will have lost yourself a customer.

8. Reserve Price
Do your research on the price for your item. If you must use a reserve price keep it real. If you over price your item you will not get as many bids. And, while all good marketers know there is a time and place for the Reserve Auction, you may actually get more bids using no reserve pricing at all. Do your research to help you make this decision.

7. Item Condition
You must let bidders know what condition your item is in. Is it new and in it's packaging, or used but like new condition. Does it have any imperfections they should be made aware of. A potential bidders will want to know what condition your item is in before making any bids.

6. Terms
This could come under the heading Customer Service. If you have terms on your auction page that read something like this "Not Responsible For Item Once Shipped" or "Item Sold As Is" you will get less bidders for that auction. Be a responsible eBayer, have insurance on the item that your buyer can purchase. And be sure to have some sort of guarantee on your products.

5. Feedback
One of the most important parts of your eBay Business. Feedback is a method eBay uses to allow buyers and sellers to record their experiences with each other. Then, others can check out the feedback of any eBayer they wish to deal with, to see if there has been any negative comments left. Therefore, it is extremely important to keep your feedback rating positive.

4. Auction Start/Close Time
You must plan your auction start/close time around the bidders you wish to attract to your auction. If the product you are selling appeals to the working woman, the best time to start/end your auction would be in the evening or on the weekend. Always create a profile on your product and what group of the population you are selling to.

3. Item Description
Not enough information or too much rambling of information will discourage people from bidding. So too will to many typos. Your item description must be clean and concise. Succinctly provide all the information required to describe the item sufficiently and create buyer interest.

2. Image
You need to use an image on your auction page. Remember a picture is worth a 1000 words! Potential bidders will want to see what the item looks like before they make a bid. With digital cameras, being so affordable these days adding a image to your auction page is easier then ever. But, make sure the image is clear and well lit to show it's detail or any imperfections it may have. Also, keep the image at a reasonable pixel size so your auction page doesn't take to long to load.

1. Headlines
This is the most important issue for getting more bidders to your auction page. You must include words that people will search on eBay. And, you must make your headline enticing, so potential bidders will click it. If you are selling an antique make-up table a headline saying old vanity table would not pull in a lot of bidders. But, if you said something like "Vintage Vanity Table - Mint Condition - Collectors Item" not only would you get more potential bidders to view your auction, you would also be using words people would search eBay for. Your auction title would appear in searches for Vintage, Vanity Tables, Collectors Items. Therefore, allowing even more potential bidders to see your headline.

Happy Selling!
Joe Clare

Joe Clare is an active Netpreneur and eBayer! He is the author of numerous articles on how to make money online and be successful on eBay! Check out his latest Best Selling eBook "eBay Marketing Wholesale SourcePak" Your Passport to Success! at http://www.ebooksnsoftware.com


MORE RESOURCES:

Treasurys down ahead of auctions
MarketWatch - 3 hours ago
The notes to be auctioned were trading with a yield about 22 basis points more than regular 10-year Treasurys, said Alex Li, interest-rate strategist at ...
Treasurys Continue to Slide Wall Street Journal
Treasurys down ahead of auctions, ISM data MarketWatch
Treasurys down as auctions loom MarketWatch
all 10 news articles


Wall Street Journal Blogs

The $100000 Tuna
Luxist, CA - 5 hours ago
It may not look like much but the 282-pound Japanese bluefin tuna shown above brought in more than $100000 at auction recently. Two sushi bar owners, ...
Premium Tuna Sells for $104400 in Auction Wall Street Journal
all 273 news articles


Sify

India May Delay 3G Auction, Raise Prices
BusinessWeek - 14 hours ago
India's long-awaited 3G and Wimax auctions may be delayed yet again, as the government considers doubling the floor price for prospective licensees. ...
mocoNews.net - More Possible Delays For India's 3G Auctions Washington Post
DoT offers compromise on auctions of 3G spectrum Business Standard
DoT rejects finance Ministry's proposals on 3G auction TopNews
CNNMoney.com - Pocket Gamer.Biz
all 110 news articles


The Market Oracle

TREASURIES-Longer bonds fall on auctions, issuance fears
Reuters - Jan 5, 2009
By John Parry NEW YORK, Jan 5 (Reuters) - Longer-maturity US Treasuries prices fell steeply on Monday, extending the previous session's sell-off as auctions ...
Treasurys Slide; Long Bond Drops Wall Street Journal
Big Year Coming For Bonds Forbes
US Treasurys Losing Favor As Investors Seek Profits CNBC
The Associated Press - Reuters
all 166 news articles


Auction season is upon us -- Arizona division
San Francisco Chronicle,  USA - Jan 5, 2009
This is auction frenzy time -- the big-deal auctioneers haul out their consigned collector cars and go for the biggest buck around. ...
Collector-car sales lined up Arizona Republic
all 3 news articles


Treasury Auctions Set for This Week
New York Times, United States - Jan 4, 2009
The Treasury’s schedule of financing this week included Monday’s regular weekly auction of new three- and six-month bills and an auction of four-week bills ...


Tom James apologizes for auction rate security purchases
Bizjournals.com, NC - Jan 5, 2009
Clients of Raymond James Financial Inc. have substantially reduced their holdings of auction rate securities. The firm’s clients currently own about $1 ...
Raymond James CEO says company can't buy back auction-rate securities Tampabay.com
Raymond James ARS holders on hold InvestmentNews
all 6 news articles


Online Auctions Profit From Madoff Misfortunes
RedOrbit, TX - 22 hours ago
He said he buys Madoff labeled items and resells them on the online auction site. He recently purchased a humidor from the manufacturer before it went en ...


EDDIE VAN HALEN To Auction A Pair Of 1956 Chevy Classics - Jan. 5 ...
Blabbermouth.net, NY - Jan 5, 2009
The 1956 Chevy 210 (Lot #1259) and 1956 Chevy Nomad (Lot #1259.1) will each be auctioned with matching, one-of-a-kind EVH Brand "Wolfgang" guitars and a ...


stv.tv

BOND REPORT: Treasurys Down Ahead Of Auctions, Fed Minutes
EasyBourse.com, France - 41 minutes ago
Indirect bidders, a class of investors that includes foreign central banks, purchased 47% of the auction, compared to 36.2% on average in the last four ...
BOND REPORT: Treasurys Move Higher As Fed Buys Mortgage Bonds CNNMoney.com
Janet L. Yellen: US Monetary Policy Objectives in the Short and ... Cbonds. Info
The Fed's message: We're not the Bank of Japan RGE Monitor
Wall Street Journal Blogs
all 533 news articles

Auctions - Google News

home | site map
© 2006