eBay Selling Tips for Everyone

Posted on February 11th, 2009 in Auctions by admin

eBay Selling Tips for Everyone

Ever wondered how to get the most out of eBay? First off here are some practical eBay selling tips:

You need an eBay account. Then, take note of this step-by-step guide for setting up an auction. This is the core of eBay selling tips that you need to know.

Before you sell anything on eBay you should be guided by the eBay selling tip of researching first to make sure that you are going to get the best possible result. There might be better ways to sell your items in the research what sells on EBay section of the eBay.

Auctions with pictures almost always sell for more than those without pictures. You’ll eventually want to invest in a digital camera, but for just getting started, you can take pictures with a regular camera.

On eBay selling tips regarding listing of products, one of the big mistakes when it comes to selling on eBbay is not listing the item at the right time and not for a long enough duration.

Try to write a clear and concise description and title. This will help save you time by cutting down the number of questions from potential bidders. If you do get questions, you should try to answer them promptly.

Research closed auctions to get an idea of what you might expect your item to sell for, and to figure out what to set your starting bid at.

The eBay selling tip on the best time start your auction is during weekdays so that it will finish on the weekend. The main reason for this is that most people are home on the weekends and have the time to sit and wait to the last minute to make their. Try to have your auction end by Sunday evening. This eBay selling tip is very advisable and have been experienced successful by most sellers.

It’s usually best to state in the auction what the shipping costs will be. The USPS usually has better shipping rates on smaller items. It’s a good idea to also check the rates at UPS and Fed-Ex if you’re shipping something heavy. UPS are better shipping transaction for heavier items, because they’ll pick the package up from your house for no extra charge.

You can get free USPS Priority Mail boxes and tape here: Free Priority Mail Supplies.
You can print a free shipping label with free delivery confirmation on Priority Mail by going here.

You should decide what types of payments you will accept. This is an important eBay selling tip. Make sure to include that information in your auction. There

Distinguishing the Differences Between Auctions

Posted on February 10th, 2009 in Auctions by admin

Distinguishing the Differences Between Auctions

It seems like new information is discovered about something every day. And the topic of auctions is no exception. Keep reading to get the most current auction information available.

Learn about the differences between various types of auctions, on and offline.

English auction: This is what most people think of as an auction. Participants bid openly against one another, with each bid being higher than the previous bid. The auction ends when no participant is willing to bid further, or when a pre-determined “buy-out” price is reached, at which point the highest bidder pays the price. The seller may set a ‘reserve’ price and if the auctioneer fails to raise a bid higher than this reserve the sale may not go ahead.

Dutch auction: In the traditional Dutch auction the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer’s price, or a predetermined minimum price is reached. That participant pays the last announced price. This type of auction is convenient when it is important to auction goods quickly, since a sale never requires more than one bid.

The Dutch auction is named for its best known example, the Dutch tulip auctions; in the Netherlands this type of auction is actually known as a “Chinese auction”. “Dutch auction” is also sometimes used to describe online auctions where several identical goods are sold simultaneously to an equal number of high bidders. Economists call the latter auction a multi-unit English ascending auction.

Sealed High-Bid Auction: In this type of auction all bidders simultaneously submit bids so that no bidder knows the bid of any other participant. The highest bidder pays the price they submitted.

Vickrey auction: Also known as the sealed second-price auction. This is identical to the sealed high-bid auction, except the winning bidder pays the second highest bid rather than their own.

Silent auction: This is a sealed variant often used in charity events, but involving the simultaneous sale of multiple items. Participants submit bids normally on paper, near the item. They may or may not know how many other people are bidding or what their bids are. The highest bidder pays the price they submitted.

Procurement auction: This kind of auction reverses the roles of seller and buyer. The buyer puts out an RFQ for a given commodity and providers offer progressively lower prices in hopes of getting the business. At the end of the auction, the lowest bid wins.

Digital art auction: In this indefinitely long auction, designed for unreleased works that are trivially reproducible at zero cost (recordings, software, drug formulae), bidders openly submit their maximum bids. The seller may review the bids and close with a price of their choosing at any time. The successful bidders that pay this price are those whose bid meets or exceeds it.

Open outcry auction: This type of auction can refer to any auction where the auction is conducted orally for people to hear typically used in stock exchanges and commodity exchanges, where trading occurs on a trading floor and traders may enter verbal bids and offers simultaneously. This type of auction is being replaced by electronic trading platforms.

Unique bid auction: In this type of auction users post blind bids and are given a range of prices they can place a bid in, often a capped limit. The highest, or lowest, unique bid wins. For instance an auction is given a maximum bid of 10. If the top five bids are 10, 10, 9, 8, 8 then 9 would be the winner being the highest unique bid. This is a popular online type of auction.

Buy-out auction: This auction has a predetermined buy-out price in which the bidder can end the auction by accepting the buy-out price. The buy-out price is set by the seller. The bidder can choose to bid or use the buy-out option. If no bidder chooses to utilize the buy-out option, the auction ends with the highest bidder winning the auction. You can often find this type of auction on eBay.

Be sure you understand the type of auction you are participating in before it starts. Sometimes mistakes made at an auction can smart and be costly if you don’t know what you are doing.

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10 Sure Fire Ways To Kill Your Ebay Business

Posted on February 9th, 2009 in Auctions by admin

10 Sure-Fire Ways To Kill Your Ebay Business.

It

An Ebay Seller s Checklis

Posted on February 8th, 2009 in Auctions by admin

An Ebay Seller

A Seller s Dash For Cash

Posted on February 7th, 2009 in Auctions by admin

A Seller’s Dash For Cash

Today, eBay is considered to be one of the most lucrative auction sites available in the Internet.

However, selling on eBay is not that easy, and the very first thing a seller should do is to find the ways on how he or she will get paid once the item is sold. And so, here are the different ways how a seller can be paid:

1. PayPal

PayPal is the most common and convenient way of sending and receiving money based on an eBay transaction. Here, the payment for the sold item is sent directly to the seller by means of an established bank account or a credit card.

2. Personal Check or Cashier’s Check

Sellers may choose this kind of option. However, the drawback of using this kind of payment method is that the seller still has to wait for a number of banking days before the check gets cleared.

3. Credit Cards

Sellers must have a merchant account to be able to accept payments from its buyers through credit cards. This is applicable only if the buyer will be paying directly to the seller. If the buyer still wants to use credit card but wants a safer transaction, he or she may opt to pay the seller through PayPal with the use of the credit card.

4. Bank to bank wire transfers

In this type of payment, the seller can be paid through a bank-to-bank transaction. Here, the buyer will transfer funds from his or her bank account to the seller’s bank account.

5. Money Orders/Bid pay

This is one of the recommended payment methods of eBay. This is considered safe because the seller or the buyer can track down the mailing address of the concerned person.

6. Escrow

This is strongly suggested for high-priced item transactions. The escrow service guarantees full protection while the transaction is not yet closed. Through this service, the seller has to wait for the confirmation that the buyer had received the product before receiving payment.

However, sellers and buyers should take extra precautions on dealing with escrow services. There are a lot of counterfeit escrow services lurking on eBay these days. It’s best to check if the escrow service was approved by eBay.

8. Cash

Sellers on eBay may receive payments through cash. However, this is a high-risk activity and offers no guaranteed protection.

8. Instant Cash Wire Transfers like western Union and Money Grams

Sellers may opt for this type of payment method. But, they should keep in mind eBay is strongly against this mode of payment and that insisting this to the buyer may result to suspension or termination of account.

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