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Everyone Should Learn How To Make Money On Auction Sites

February 18th, 2011 No comments

eBay is such a large auction house now that it can be found in many countries in the world. A lot of people use it to make a small income or as their main income every day. This article aims to show you how to make money on eBay by trying to understand how the whole process works.

It is true that a lot of major retailers have now joined so that they can also use the online auction house as an outlet. It is probably more cost-effective for them to do this rather than to open up their own online presence and try to attract an audience. But there a still plenty of individuals who also sell here.

To find a good product to sell, it is always a good idea to browse through the categories. It can be seen that a lot of different items can be sold. There are different sorting options to see what has the highest price and also an option to look for completed listings to see what people have bought.

A few people list their own items which they no longer need. Some people sell off their winter clothes, old toys, CD collections and other items. It is amazing to see the different types of things being sold and there does seem to be a market for them.

Anything can be sold at all. Products can range from jewelry, clothes, collectibles such as toys and games, DVDs and cards. The way to make a profit on your sale is to sell for more than you bought after all the fees have been paid.

There are two types of fees. To list an item with extra photos and highlights there is an initial listing fee. After the auction is finished, there is also a tiered final value fee depending on the final price. These are all based on how much the item has sold for. If the item does not sell then there is no final value fee.

If payment Is received through PayPal, then there is also a fee for this. After these, the remainder is the profit for the seller. If the item is right, then this can be a nice tidy sum. EBooks are always good sellers. These are useful to the buyer, easy to sell and can give a good return.

It is a good hobby and a good way to make an income depending on how much effort someone puts into it. It is fun and entertaining with a good community atmosphere. Everyone should give it a go.

The AT&T promotion you see here is essential for your ebay business because you must have an internet connection in order to run anything on ebay.

Avoiding Penny Auction Scams with BunPig.com

February 17th, 2011 No comments

Penny Auctions are taking the online auction world by storm, and around every e-corner another Penny Auction Site has cropped up. In addition to being fast, fun, and addicting, a good Penny Auction win can get you a truly amazing deal. But there is a lot of room for shady sites, and it is not always easy to know if you are a victim of a Penny Auction scam. We sat down with Alec Sherman, programmer for the hot new penny auction site Bunpig.com, to get the scoop on how to find a real, honest penny auction.

In the heat of an auction, it is really exciting to think you might win that iPad for $45. But, it would be equally deflating to know that the site you are trusting and bidding on is actually actively preventing you from walking away with a win. “It is shocking how many BidBots, secret reserve prices, and other underhanded methods of padding prices many of these major auction sites have,” Alec tells us. We wanted him to fill us in so that we could navigate the Penny Auction waters more safely.

“The first thing we decided when we started to build our auction site was that it was going to be 100% open and honest,” says Alec. “We provide very up front information regarding how our auctions operate and how much every part is going to cost.” He cautions against sites that require bidders to register or make purchases before they are told the hidden charges, or even how much each bid is going to cost them.

Another disturbing practice that exists is that many auction sites, to guard their bottom line, use programs that act like fake bidders to drive up auction prices and cost customers bids. They do this until the auction hits a set hidden reserve price. “If there is a reserve price, then it is not a penny auction!” says Alec, who says that none of these practices will be part of BunPig’s business. “More sites do this than you would guess, and no site will openly admit to using these tactics,” so Alec recommends doing background research on any site you want to deal with to make sure there is no suspicion that they are cheating.

One last thing that Alec pointed out is that in the world of penny auctions, just like in any other industry, staying power is going to be decided by customer service. “Many Penny Auction companies only care about their customers until they pay for a bid pack,” says Alec, after which shady bidding practices, poor communication, and horrible shipping practices can alienate customers. “…and that is fine with us, because that will lead people to seek out sites like BunPig.com, where we promise 2 day max handling times and top notch customer service.”

In an uncertain world, it certainly sounds to us like BunPig.com Penny Auctions is on the right track. “We had the advantage of looking at all the competition,” says Alec, “and building a Penny Auction Site that had all the benefits and none of the pitfalls of a normal penny auction.” Plus they have a cute mascot: “Its the future of Penny Auctions,” says Alec, “…with a curly tail!” Seems like a good time to hop online and start bidding!

Looking for the best new penny auction site on the web? Hop on over to BunPig.com! BunPig Penny Auctions are part bunny, part pig, and 100% awesome. With a focus on great customer service and straightforward pricing, BunPig is going to rule the penny auction world!

How To Buy Wholesale Jewelry For Ebay Auctions:Dropshipping Secrets Revealed

August 26th, 2010 No comments

EBay is a great place to find almost any item that you can imagine. Jewelry wholesale auctions are quite common on eBay, and in many cases, you cannot beat the deals that are offered here. However, there are also many con artists that operate through eBay, and you have to use caution.

Start by reading all of the details about the jewelry wholesale auctions that you are interested in purchasing. If you still have questions, send those questions to the seller through eBay’s website. Make sure that you keep all of your contact with the seller through the website so that there is proof.

Check out the person or company that is offering the jewelry wholesale. Look at their ratings and their feedback. Has there been any negative feedback? If so, you may want to reconsider your options and look into other auctions. If the feedback is all positive, and the seller’s rating is high, doing business with them should not be a problem at all.

Make sure that you are clear about shipment costs and the shipment time frame, as well as the payment options offered. Usually, the buyer is responsible for the shipment costs, and this is added to the total and paid before the item ships. In the case of high ticket items, insurance may be required on the item as well. The seller seldom pays the shipping costs.

If the jewelry wholesale is a high ticket item, such as jewelry that is bought in bulk or rare pieces of expensive jewelry, you should strongly consider using the escrow service that is recommended by eBay. If the seller recommends any escrow service other than the one that eBay recommends, you might not want to do business with this seller – it could be a scam.

Beware of sniper’s on eBay! Sniping is against the rules at eBay, but unfortunately people do it anyway. Sniping is basically automatic bidding, which is not against the rules, but the software or service is instructed to place the highest bid in the last possible minute of the auction. This leaves no time for anyone else to place a higher bid.

Instead of sniping, place your first bid at the maximum amount that you are willing to pay for the jewelry wholesale lot. Each time the bid is raised, your bid will automatically be raised until your limit is reached. This is not sniping, and it is a perfectly legal way to bid on auctions at eBay. This way you still have a chance to win the auction at a price you decide beforehand.

Salehoo is one of the fastest growing product sourcing portals on the internet. It contains a database of drop ship, wholesale, closeout and manufacturing suppliers offering thousands of product suppliers to consumers! Visitors are allowed to sign up for unlimited and lifetime access to the completely searchable database of products and suppliers.

Looking to find the best deal on wholesale jewelry, then visit http://dropshipjewelry.blogspot.com/ to find the best advice on wholesale jewelry products for you.

The Online Auction Is Increasingly Popular.

April 28th, 2010 No comments

More and more retail businesses that trade mainly offline are moving towards online selling such as using online auctions due to the massive potential and the increase in sales that other companies experience. It also helps with brand awareness.

There are many large websites online that you can open an account on and start to sell your items straight away. You can get feedback from any clients and grow your reputation based on the clients comments.

Make all your items more accessible to your online buyers by opening a store. There may be a monthly subscription required for this but the benefits will far out weigh the cost involved and will show visitors that your serious about business.

Why dont you try to ship your items directly from the supplier and pass on any storage savings to the customer. You can build more trust this way and will show your buyers that you are willing to cut costs if you save on other areas.

You must be just as professional when dealing with people online as you would with a normal offline business as your reputation could take a hit with users who give you bad feedback due to poor services. Always go that extra mile.

To make yourself stand out from your competitors you can take advantage of the tools that have been made available to online auction managers. You can get your hands on some great listing designs or even create your own to push your own brand.

You are not limited to uploading auctions to just one site as there is a lot more out there that you can join for a small amount of investment. Once you get the hang of it and you have grown your reputation, people will follow you and trust you alot more.

Dont limit your business to an offline store as you are missing out on the potential. People these days prefer to shop online and you might end up actually closing down your brick and mortar business once you experience the potential.

Join a popular online auction website to increase your exposure and brand awareness. Online auctions even offer you the chance to open your own online store full of your own products.

An Honest Look At Auction Inspector

April 24th, 2010 No comments

For any business to be successful, you need to carve out a profitable niche. This perennial advice isn’t just applicable to those who would like to dabble in affiliate marketing but in other forms of business as well.

This concept is very useful for people who wish to sell online through eBay. In such situation, it’s impertinent for you to find a niche in a market as huge as eBay.

Finding a niche all on your own is a task that I wouldn’t be to crazy about. The good thing though is that a number of software are readily available to help us with searching for that niche.

Auction Inspector is one of them. What Auction Inspector does is to help you find products with a high demand without getting that much competition. Auction Inspector will help you unravel all of those details with the use of eBay’s Want It Now.

EBay’s Want It Now listings is where users can list all the things that they are looking for and that they would be willing to buy.

It won’t do any user any good to come up with a niche from that list because everything is unsorted. It’ll take you hours just to go over all of those posts.

But that is where the Auction Inspector comes in. It analyzes everything that is listed in the Want It Now posts. Auction Inspector goes through all of those posts and then comes up with different products that are in demand.

And then it analyzes the responses from the sellers to uncover the niche with the greatest demand but the lowest supply.

Auction Inspector runs on series of sophisticated algorithm for it to gather everything and come up with a potential for each product. What high potential means is that there is great demand for that product at the same time the supply is low. Low potential is the opposite. It simply means that there is low demand and it’s already being satisfied by a seller.

You can also search for a particular product that you have in mind. All you have to do is to use a very specific keyword.

You may have to wait some several minutes before you can get the results.

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eBay Seller Tips: Save Money On Photo Listing Fees

January 30th, 2010 No comments

There are a many eBay buyers who will not buy an item on eBay if they haven’t seen a picture. In fact, many eBay buyers like to see more than one picture. The only problem with this is that posting a number of pictures on eBay can get expensive, especially overtime. However, there is a way that you can give your potential customers what they want, more pictures, without having to go broke while doing so. For more eBay selling advice go to this Ebay Selling Tips Website.

If you are looking for a way to have multiple pictures appear in your eBay auction listings, but you are urged to examine websites that are known as photo sharing sites, if you haven’t already done so. There are a large number of internet users who use photo sharing sites to upload and share pictures with friends and family members over the internet, but many internet users are also starting to use photo sharing websites to help combat their eBay seller fees, particularly the fees associated with having multiple pictures in an eBay auction.

If you are interested in giving photo sharing websites a try, to help you save money when selling on eBay, you will need to find a photo sharing website to use. To find a number of photo sharing websites, you may want to perform a standard internet search. Your standard internet search results will likely include PhotoBucket, which is a free, well-known photo sharing website.

Speaking of using PhotoBucket and many other online photo sharing websites, you will need to create an account. You should be required to fill out a small form, which may request a little bit of information about yourself, like your full name or your email address. You will also need to create login information for yourself, including a screen name and a safe password. Once you have that finished, you should be able to use the photo sharing website in question, whether it be PhotoBucket or not, to help you start saving money.

When using a photo sharing site, you will see that different sites have different instructions that need to be followed, but the first step will be taking pictures of your eBay items. Then you will need to upload them to your computer and then follow the photo sharing website’s instructions on how to upload your photos to their site. In most cases, this is a relatively simple process, which tends to involve selecting a few pictures from your computer’s hard drive and then hitting an upload button.

Once your pictures have been uploaded, you should see thumbnails or smaller versions of them. With PhotoBucket there are little boxes underneath each thumbnail that can be used to select the picture or pictures of you choice. You will want to select all of the pictures that you want listed in a particular eBay listing. Then, you should be able to find a link that allows you to generate an HTML code. This will lead you to another page with a lot of information on it, particularly HTML links. Many photo sharing websites outright tell you which HTML code links you should use for eBay. Copy the code and paste it in the description of your eBay auction listings and you are good to go; your pictures should appear.

Using a photo sharing site is optional, but it is definitely something to look into. As an eBay seller, you want to profit as much as you can and this also involves eliminating unnecessary expenses. For more great eBay selling tips check out this Ebay Selling Tips Site

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What is a Lowest Bid Bid Auction

December 30th, 2009 No comments

Bidding is the usual way in which a product is sold in the presence of multiple buyers in an standard auction . The person making the highest bid, usually wins.

Reverse bidding in a unique bid auction is different from this traditional form of online auction. Here the idea behind a unique bid. And so in this case, the bidder quoting the lowest price for a bid that no-one else has also bid, becomes the winner.

It is best illustrated with an example: an HD TV is quoted at a price of $3000. Now, two people make a bid of $2.60, three people bid $1.51 and only one person makes the bid for $1.66. In this case, the winner will be the person who has made the bid of $1.66. Even if there are people bidding a lower price than this, the bidder of $1.66 is the only (and the lowest )unique one.

Reverse bidding is an unusual concept but it is interesting and profitable too as it enables bidders and auction visitors to get items at a considerably lower price. Reverse bidding auctions have gained much popularity amongst the more usual Internet auction sites. Many Australian online auctioneers are now choosing to make the lowest unique bid the winner for their products..

For example in Australia , Youbid.com.au is one of the newest and best Australian online auction sites. Providing a variety of categories to choose from, Youbid can be joined exclusively by Australian and New Zealand nationals.

Joining youbid.com.au is free of charge. You just require to fill up a registration form. You must 18 years and above in age to bid on this unique bid site

Given that the idea of a lowest unique bid action is fairly new the strategies involved in winning such an auction are also new and different. Here are some quick tips for you

1. First thing to do obviously is Sign up. For most auctions you will need to become a member. Remember to read the FAQs. Once you are a member, you may need to add a minimum amount to your new online auction account to pay for your bids.

2. Find products you wish to bid on – remember you’re not bidding on the retail value of the product. It might be worth many thousands of dollars and be sold for only a few. You just want to bid the lowest bid that no-one does ( ie a lowest unique bid)

3. Bid early. Unlike a traditional online auction there is no advantage in waiting until the last few seconds to bid. As soon as you have decided on the item, bid on it. In fact in a unique bid auction, it is important that a unique bid gets registered as soon as possible. This is because sometimes there isn’t one single unique bid. In this case the winner is the first person who made the lowest bid of the two lowest bids. So get in early or you might lose a winning opportunity.

4.Make multiple bids to cover as many possible bid values as possible.

5.Keep a track of the status of your bids – Like any good Australian online auction site, Youbid.com.au , will keep its bidders updated through email about the status of their bids. Being the bidder, you should strictly keep a track of the bid status so that the lowest unique bid can belong to you.

These are the main tips for getting the winning bid at a lowest bid auction.

Want to find out more about the unique bid auction system then visit our site and see some live online auctions. You can also read how the lowest unique bid is worked out, and maybe even make a bid!