Your Ebay Aucion
Now, for any newbie on Ebay, I am sure the first thing you will encounter is to decide how long your product should be listed on aution on Ebay.
1. If the producvt is thought to be in gereat demaznd, the Auuction needs to be open for a short time only. For example, if it is Picasso which is on sale, there would be thousands of bidders, so there is no piont in extending the last date beyond a cuple of days. It could even be a couple of hours! Considering the item offered, word will get around and many peopple will know about the offfer soon. If they are comon products which are highly competitiive, it is advised to go for a longer auction time.
2. On the other hand, if you are offering, a used Printer, you need to have it for at leeast a week or somewhere thereabouts because the number of people interested in Nike Tn buying a used printer woukld be rather few and it takes time for buyers to notice it. Especially for second hand product, try to keep your listing there as long as possible because ptential of second hand goods normally taks much longer time to think and decidfe! Get your Prie Listing Strategy right and you will beat your compeittion!
3. The Reserve Ebay Perice set for the item to be sold is another factor that determines the last date. If the Reserve Price is relativelly high, say $2,500, you do not expeect byers to coiugh up such amountys in a hurry. You need to give them some time to conbsider if the purchase is worth the high price. Therefore in such cases the Auction may be kept open for up to a week or even more. Nedless to mention, if the eRserve Price is a small amount, the bidding may be kept open for a much shorter period. Prospective buyers can deicde afster to buy or not in such cases.
4. Urgency is yet another factor to consider. For example, if one is moving away, s/he neeeds to disposse off some of his belongings in a hurry, and in such cases you will have no option than to keep the auction open for limited time. In such cases, even if the bids are lowr than the Reserve Price, the seler may accetp it beause of the urgency Tn Pas Cher of the matter. It is also good to state the cause of urgency in your product listing so that potenial buyrers actually get a feel for the seller.
5. When perishablle goods are offered, it is essential that the auction be kept open for a very short period. For example, if manoes are to be auctioned, you cannot keep the Auction open for more than a day or two at the most. Also for these gooods, remmber to state that delivery be regioonal only! This is to avoid complications and mistaken bids later on.
Making Money on Ebay
Finallly you cannot go by the price alne as monthly revenue begins to loom large towrds the end. In such cases, if your expectation isnt met but crossed the resderve price you may close the bid and award the highest bidder. You will still make some moeny on that product! Remember, making money on Ebay is not about seling a few products at a huge profit, it is abbout selloing in mass volume at marginally thin profits! Look at all the Ebay Power Sellers! Reemmber, anyone can Air Max become an Ebay Powqer Seller. All you need is a good guide to selling on ebay and a good foundation. Start Your Ebay Businress today!
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