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10 Things You Should Know Before You Bid On A Business Product From An Online Auction
1. Know the value of the product before you bid. If the product is brand new, check to see what price retailers are charging for it. If the product is used or reconditioned, you will want to pay way less than the retail value. 2. If the product's...
Blink, Wave, Scream-It's Auction Time
Copyright (C) John Lundgren 2002- Permission is granted
to reprint this article as long as the resource box is
included. Please let me know when you use
article by emailing me at: johnl42@yahoo.com ...
Don’t be a Victim of Online Auction Fraud
The Internet Fraud Complaint Center (IFCC) reported that last year 7.7 million dollars was lost through online auction scams. The actual losses are much greater. Most auction scams are not reported because they involve only small amounts of...
eBay Listing Service : Make Managing Your Auctions Easy
Do you want to have a lot of auctions going but don’t have time to keep track of them all? Trust me, you’re not alone. With more and more people making significant portions - if not all - of their income from their eBay auction websites the need has...
How To Make Money From Internet Auctions
If your business is not using eBay and other Internet auctions, you could be missing out. Here are just a few ways of generating additional income, profits and cashflow from online auctions. 1. Convert Excess Assets to Cash Sell personal or...
Real Estate Auction Action - Buying A Home At Auction
Due in part to the popularity of the U. S. Department of Housing and Urban Development (HUD)'s home auction program, more potential homebuyers than ever are buying homes at auction. Homes for auction aren't limited to just HUD, however. Many...
The Fundamentals of Online Auction Selling
Even the professionals often overlook the fundamentals of any business, sport, or endeavor. I am not really an auction expert. I am a computer guy. During my time with The Online Auction Academy, however, I have learned a lot about the business...
The Truth About Government and Bank Seized Real Estate Auctions
(Discover Hidden Gems by Avoiding Potential
Pitfalls and Fraudulent Websites.)
Submitted by: John Lee
WorldWideReviews
http://moneyemployment.worldwidereviews.com/SeizedRealEstate-GovBankProperties.htm
Seized Property for 90% off...
Tips to Avoid Online Auction Fraud
While most buyers and sellers on internet auction sites are honest, there is always the threat of underlying fraud. Auction sites have had instances of sellers posting pictures of items for sale, only to include in extremely small print that...
Your First Car Auction
You are about to go to your first car auction. You can feel the excitement in the air. There are so many cars to choose from. But do you really know what to expect at a car auction? Do you know the legalities that occur at a car auction? ...
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Making Money on Internet Auction Sites
Although the world of online auction sites is filled with
opportunities for sellers to make decent money, there are a lot
of new auctioneers that simply fail to reel in the bids. For
those that do manage to get some bids and conclude a transaction
or two, they are surprised when they receive negative feedback
and then cannot seem to find anyone to bid on their products
again. Here are some useful tips to help you make money using
online auction sites.
Promote Your Auction
Just because you list an item on an auction site that does not
mean that you cannot promote your auction in other venues. If
you have your own website, do not hesitate to use it as a
marketing tool. Create a link to the auction on your website-you
just might be surprised by the result.
If you are a person that sends and receives a lot of e-mail, why
not create a link at the bottom of your e-mail so that each and
every time you click the "send" button, you are also doing a
little advertising in the process. Again, you just might be
surprised by the result.
Timing is Everything
Deciding on when to end bidding is actually a lot more critical
than people tend to think. The day of the week and the time of
day when bidding ends on auction sites are both important
factors.
The optimal duration for bidding is ten days and you want to be
sure to spread those days over two complete weekends. This way,
you have the best chances for exposure because people tend to
use the Internet for personal shopping primarily on weekends.
Now, for deciding on precisely when to end the bidding, you
must
consider who is most likely to buy the item being sold. For
instance, if the product is most likely to be purchased by a
retiree or stay at home mom, then try ending bidding in the
early morning.
If you are selling cd's or things most likely to be purchased by
youths or even young adults, then do not end your bidding on a
Friday or Saturday night. You are trying to end the bidding on
auction sites when the people who are most likely to buy your
product will be online.
If you are not sure who is most likely to buy your product, the
best time to end bidding is early Sunday evening.
Not only do you have to think about the time of week and the
part of the day to end your bidding, you also must consider the
time of year as well when auction selling via the Internet. High
priced items are best saved for the hot season which comes in
winter. Move all of your lower priced goods during the summer
months when things are usually pretty slow anyway.
Promoting your auction in places other than the auction sites
themselves and making sure to take timing into account will
improve your chances for landing bids and ultimately making the
most money. Online auctions require a lot of hard work,
dedication, and research on the part of sellers if they really
want to make any money.
About the author:
Jason James is an eBay PowerSeller and his website "Auction
Resource Network" reveals his inside secrets, tips, and sources
that help him earn $10,000+ a month on eBay. Claim your FREE
e-Course Here: http://www.auctionre
sourcenetwork.com
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