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Selling on eBay With No Auctions!

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 Selling on eBay With No Auctions!

If you are someone who knows what your goods are worth, and if you are tired of the bidding battles that often end with you underselling your goods at auction, it is time for you to look at eBay’s other selling options. The truth of the matter is that while eBay is known for being an online auction site, you can also sell your goods for a fixed price. What do you need to know about selling your item without the need for auction?

When you go to set up the listing, make sure that you select the option that is labeled as “Fixed Price.” This means that buyers will be able to buy your item at once, and that there will be no bidding war on the item at all. At first this seems that it would be a disadvantage when it comes to selling your option, but this is not the case. Too many sellers under-price their item, hoping to incite a bid war, but the truth of the matter is that most of the time, the item goes for much less than it should. A fair Fixed Price avoids this problem.

The mechanism that eBay uses to list their offerings helps you, because Fixed Price items simply have a Buy It Now button beside the listing. When people search for your items, they can find them by simply clicking the Buy It Now tab. Your work will be part of greater searches that gets you to the buyer’s attention.

Another interesting advantage is that the Fixed Price listing does allow you to sell more than one item in each listing, and further more, you will be able to create multiple listings at a time without needing to worry about exhaustive reposting. This is perfect for people who are selling many goods at one time. If you are a wholesaler, this is something that can make a huge difference to your business’s efficiency.

You can also take advantage of the Best Price offer if you list an item as being Fixed Price. This is something that allows the prospective buyer to negotiate the price with you before purchase. This is a good way to deal one on one with the buyer and to make sure that you are getting the most money that you can for your goods.

If you are tired of the conventional eBay auction, take a moment to learn more about Fixed Price items!

How eBay Auction Bidding Works

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We all know now that eBay is one of the most powerful (or probably THE most powerful) online selling platform there is. Recently, it has opened a new option of selling online which they dubbed as ‘fixed-price transactions’. Of course, their primarily method of selling and or buying online through auctions continue to be available. eBay auctions have continued to comprise about one half of all sales made through eBay. But what really is an eBay auction and how does it work?

An eBay auction is basically just an online form of the traditional method of doing auctions. In a traditional or actual (live) auction, a speed-talking auctioneer stands in front of the crowd, coaxing them to bid more on the price of the item being sold. Things happens real fast. Once the highest bid is placed, then the one who placed it immediately wins the item and pays for it. The same process goes with internet auctions just like eBay’s; the only difference is there is no speed-talking auctioneer to confirm bids. Instead, the bidding is automated, and it doesn’t matter when the last bid was placed – what matters is who placed the highest bid. The bidding process is all managed by a special auction software operated by eBay, and anyone from the all over the world with an internet access, and account with eBay, can bid.

In a live auction, the auction typically lasts for only a few minutes just until no one is no longer bidding. In online auctions though like eBay, the bidding period lasts up to seven days on average. In fact when you create an auction listing to sell a particular item on eBay, you can adjust the bidding period to one up to ten days. You can also set a minimum bid so you don’t have to worry about selling your item at a cheaper price than its value.

Next, a potential buyer browses and searches through eBay’s listings, and when he or she sees your item, he can bid an amount equal to your minimum bid or bid a higher amount he is willing to pay to win your item. When he bids more than the other bidders then he wins.

Just like in live auctions, you can also place additional bids as long as your next bid is more than the current highest bid and is still lower than the maximum allowed bid set by the seller. During the entire bidding period, you will be notified by email whether you have been out-bid so you can still place your additional bids (but as long as the bidding period is still open). When you’ve won the item after placing the highest bid, you again will be notified through email, and then communication, payment, and shipment ensues. The best part about these eBay auctions is that you can leave a feedback to the seller or buyer, so that bogus selling or buying is discouraged.

The author is a freelance writer who writes on behalf of SendOnlineFax. To send an online fax, click here.

Making More Money Through eBay Auctions

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If you have or found a great product to sell and are really hoping to make lots of money online with the least effort, then consider using the number one sellers’ platform on the internet – eBay auctions.

eBay is a great way to earn some serious cash online because number one: there are a lot more sellers than there are buyers on eBay.

There are NOT a lot of people who use eBay as sellers; but at the same time there are lots of buyers searching for products on eBay.

You might want to get most of these buyers to view your product and buy from you, but how do you accomplish this?

This brings you to the second reason why selling on eBay could be very profitable for you: using a technique that not a lot of sellers on eBay really know about.

EBay Product Listing Tricks:

You number one goal in selling online is to drive the most traffic to your product listing. You can do this by following this “eBay Product Listing Trick”. Here are the steps:

  1. Select your product – Choose a product that you wish to promote or sell on eBay. It’s important to choose a product that is NOT too user specific (for instance products for women or men only) since you want to attract a wider audience. Also choose a product that is unique yet popular enough in order to minimize and beat the small competition. The key here is to find your niche and to pick a product that is hot on that niche.
  2. Target your buyers – You can target your buyers through the price of your item. Sell a product that is not so expensive yet not too cheap. The best products to sell are those that are in the price range of $20-60. The best price to sell is at the $30 mark which will make you earn as much money as possible in an easier way. The rationale here is that it is much better and easier to sell two 30-dollar products than sell five products at $10 each.
  3. Write a short yet effective review or article about the product you are selling – Before finally submitting your product listing on eBay, try to come up first with an effective description of your product. People do read product information before buying.
  4. Feature your listing – Probably the only sellers’ feature that you would really want to pay for, and get the most out of, is the Home Page Featured option. Since everyone is viewing the eBay homepage, you want to take advantage of that. After clicking Home Page Featured, your product is finally listed and congratulations! You’re on your way to succeeding in eBay auctions.

The author is a freelance writer. He writes about online fax and email fax services.

Selling on eBay: When to and When Not to Sell

The Entrepreneur's Phone System

The top online auction site, eBay, is touted to be better than sliced bread for making a little extra money. Of course, retailers use eBay for successful and continuous selling, but for the average, “John Q. or Jane Q. Public,” it may not be worth the time and effort, depending on what you have to sell.

Both in the ether world of the Internet and in the terrestrial world, retail and wholesale sellers work on volume. Selling individual items with no repeat stocking rarely reaps financial gain, and the experts set their prices accordingly.

What you are actually selling when you place that novelty cuckoo clock you made in the eighth grade isn’t just that one-of-a-kind item. You are selling man-hours—how long it takes you to set up your eBay account, your merchant listing, item description, photo, inquiry follow-up time and dispute resolution time and effort—not to mention managing the other aspects of your auction, such as repeat placement if your minimum price isn’t met. Is that clock worth your time to post on eBay, or might you be better served by selling it, for example, to a pawn shop or in a yard sale?

The auction site provides eBay sellers the option of creating an eBay storefront, which might streamline some of the process. But those cost you money: Are your price tags reflective of that additional fee?

Selling on eBay is possible, but adjust your sights a little and sell collections, multiple-item groupings or packages. Your asking price increases, and you spend less time and effort per item, increasing your overall return.

For example, your baseball card collection comprises mostly common cards, but you have a few rookie cards that are in decent shape. Sell the entire collection as a group and use the rookie cards as focal points. Your asking price goes up. You spend the same amount of time setting up and managing the auction, and your shipping price—paid for by the winning bidder, of course—is identical in USPS one-price shipping.

If you have a rare album, and both it and its cover is in mint condition, absolutely sell that separately. Bump up your minimum bid to reflect about 10 to 20 percent lower than collector prices. That rare album will sell better than any loaf of bread—sliced or not! Then place the rest of the collection for sale as a combined unit.

Baked goods, believe it or not, are excellent sellers. However, it’s important to build your eBay reputation before you ask fair market prices. Stress overnight shipping or local pick-up only. Make sure the customer pays shipping costs. One successful marketing tool is to offer a 2-for-1 bonus to the winning bidder. Set minimum pricing, of course, but don’t make it higher than a generic price in the grocery store. You’ll be creating your own eBay “brand name” as your buyers send all that high praise for the quality of those cookies or cupcakes or pies. When you reach high rankings, maybe even the coveted “power seller” ranking, you’ve got it made—or baked.

Choose well your method of selling for extra money. Make the wiser financial choice by considering the “operating costs” and not just a price tag.

This post was contributed by John Walker, who writes finance news for a payday loans site. John lives and works in London, UK as a financial analyst.

 

Four Alternatives to eBay for Businesses

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Many business owners investigate eBay when they are considering selling their products online. While this is a viable option for many businesses, you should consider these four alternatives to eBay before you choose an online venue for your business. Each offers services that differ from eBay that may be better suited to your business model.

iOffer.com

While iOffer.com is similar to eBay, their selling formats offer several advantages over eBay. You automatically receive a store when you upgrade to a seller account. The store and all listings are free, and you will only pay a fee when your item sells. In addition to an auction format, you can also accept offers and sell at a fixed price. Swaps and trades are another unique feature of iOffer.com that may be useful to your business.

Amazon.com

Amazon.com allows you to sell products using their online marketplace. You can create either an individual or business account, each with different features. Both accounts have the option to use the Fulfillment by Amazon program, allowing you to store and ship your products from Amazon.com fulfillment centers. Individual accounts will incur fees only when an item sells and are appropriate if you sell less than 40 items per month. Professional accounts have a monthly charge but also have lower selling fees than individual accounts. You can add your own products to Amazon.com with a professional account, but individual accounts are limited to existing products.

Etsy.com

If your business creates handmade items or sells craft supplies or vintage products, Etsy.com is a compelling alternative to eBay. Items must be hand made by you, over 20 years old or be commercial or handmade crafting supplies. You will receive a free store, and although fees are charged for listing items, the initial listing period is four months. Etsy.com has a unique culture and exceptionally loyal buyers, making this a profitable alternative to eBay.

TIAS.com

Businesses specializing in antiques, fine art and collectibles may find TIAS.com to be an excellent alternative to eBay. TIAS.com has numerous plans and options for online sellers, and they are willing to help you find the best business model for your needs. Auctions, fixed price listings, various store formats and several levels of customer support are available. TIAS.com does have a minimum fee requirement, but if your TIAS commissions are higher than the minimum fee, you pay only the commission. Other services provided by TIAS.com include submission of your auctions automatically to eBay and sending your listings to over 2000 classified ad networks.

Moving on from eBay

eBay may be big, but as the fees keep on increasing, even some established eBay businesses are beginning to consider moving on to pastures new – including their own e-commerce websites. Setting up your own website is a tricky process for first timers, you need to consider hosting, design, learn how to build a site and market it, but it is a good investment for the long term success of your business.

Start by reading about some of the major web hosts and what makes them good or bad. Here is a Go Daddy Review to get you started.

Making Affiliate Sales with eBay

The Entrepreneur's Phone System

You’ve heard of eBay, right? Of course you have. You’ve probably even bought or sold a few things there, or maybe quite a lot of things. But did you know eBay is also a great opportunity to make affiliate sales?

Here’s how it works. Say you’ve got a little eBay store set up and you sell used books. You make a decent side income turning merchandise you find at the local garage sales and flea markets, along with your own old books, but you’re limited to the number of items you can physically pack up and ship. After all, there are only so many hours in a day.

This is where affiliate commissions come in. A word of caution: Don’t include affiliate links in your eBay listings, because it is a violation of eBay’s terms of service. Instead, make your affiliate offers on the backend.

With every order you ship, include a printed flyer containing useful information for the buyer, along with a link to an affiliate offer. For example, if you’ve just sold a book on household budgeting, you might include a short list of helpful websites, along with a link to a credit card affiliate program or personal budgeting software.

Make it easy for the purchaser to use the link, however. We all know how long affiliate links can be, and putting a long, ugly link on your flyer isn’t going to earn you any sales. First because it’s confusing and quite often doesn’t even look like a web address, and second because no one will type that monstrosity into their web browser.

To make it easier for your customer to go to your affiliate offer, you should have your own domain that you can use to redirect ugly links to pretty, easily-typed links, like http://www.yourdomain.com/affiliateoffer. You can also use a URL shortening service, which offers the added benefit of tracking your click-through rate, but you might find that even those links are too ugly for the average reader to type, though. Having your own domain allows you to create affiliate links that are attractive and can assure your customer they are visiting a relevant site.

Yet another way of directing your customers to your affiliate offers is with an ebook. Instead of sending your eBay buyers directly to an affiliate offer, send them a link where they can download an ebook. Make sure it’s relevant to the item they purchased, of course. This is not only how to make extra money in affiliate sales, but also a way to quickly establish yourself as an expert in your niche.