Maximize Your eBay Auction Profits

BusinessEcommerce

  • Author Brent Crouch
  • Published November 1, 2010
  • Word count 442

There are many opportunities for you to to earn a good income selling on eBay. However if you are not willing to dedicate time and effort to creating a good listing, then the chances of you selling what you have at a good price is greatly reduced.

In order to help you ensure that you maximize your profits when you put items up for sale on eBay, here are some tips that you may find useful.

  1. It helps to fully describe what you are selling. When it comes to writing your description make sure that it is clear and concise. Be sure you include any information regarding its physical appearance plus any specifications. This is even more important when it comes to selling used goods at eBay. The more honest you are about your items condition and any flaws it has, the more your potential buyers will trust you.

  2. To ensure that you draw more bidders to your listing include details regarding how the item will be shipped to the winning bidder including how much it will cost. Plus make sure that you offer a number of different methods for paying for the item when they have successfully outbid others.

  3. eBay offers a feature known as "Buy It Now" and is one of the most talked about. The trick to using this particular optional feature is to know how to use it. With this feature a fixed price will be shown alongside the current bid price.

By choosing the buy it now option, potential customers are able to purchase the item before the auction actually ends. You need to be careful when you use this feature as soon as the first bid has been placed during an ordinary auction or when the reserve price has been reached during an RPA (Reserve Price Auction), then this feature will not only be removed from your listing but also eBay's search result.

  1. For those who are selling expensive items and want to protect themselves from selling it for too little, there are two options available to them. They can either commence the auction with a high starting price or they put a reserve price on it. You need to be aware that some people will not bid on items with a high starting bid, but if you are willing to start off with a lower starting price, then the number of successful sales you achieve is much higher.

If an item you are selling is really popular, then you may not need a high starting price or reserve price. These items will get lots of bids and will always have no problems selling for you.

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