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Old 08-19-2002, 10:31 AM   #1
twiztid
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Question EBAY, How do you get the most MONEY!!! out of an auction???

I'm new to the Ebay thing and I'm selling a few items. I'm courious on how other people sell your stuff to the get the highest rerurn.

Do you go for the short auction, no reserve, private auction, what? What are your skillz that make people fork over thier cheddar?
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Last edited by twiztid; 08-19-2002 at 11:30 AM.
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Old 08-19-2002, 11:07 AM   #2
imprezaf
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Default Re: EBAY, How do you get the most MONEY!!! out of an auction???

Quote:
Originally posted by twiztid
What are you skillz that make people fork over thier cheddar?
Basically, if you have something that is desireable, and hard to find, there's no telling what people will pay. I was selling WRC logo decals that I made up, and had someone bid $31 for just ONE of them...
http://www.pbase.com/image/1662040

-Mike
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Old 08-19-2002, 11:11 AM   #3
chkltcow
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If you're selling something car related, putting "FAST & FURIOUS!" in the description seems to double profits
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Old 08-20-2002, 07:24 AM   #4
twiztid
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I want to see the green!!!
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Old 08-20-2002, 07:55 AM   #5
freq
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I've found that really good pictures and a no bs description of an item helps it sell. Pictures are everything.

Also if you have some really big items to sell make sure you have some feedback because some people are skittish about bidding on low feedback sellers.

I sold some audio equipment a while back and i couldn't believe the prices I got. I took great pictures and presented one of the items as being rare (which it truly was) I actually got more $ out of one item than i paid for it two years ago.

happy bidding...
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Old 08-20-2002, 08:29 AM   #6
chkltcow
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One other thing.... people DO wait until the last second to bid. A friend of mine was selling a wireless mic kit. He had paid about $200 for it when he got it. With about 8 hours left in the auction, he called me up and said "Dude, will you please bid on this? Not much... just about $10 or so. I need to get more than $50 from it."

So, I did as he asked, and bid $60. Immediately, a proxy bid of $61 kicked in. Great... there's his $10.

Finally, just before the bidding on the item closed, it hit $250.
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Old 08-20-2002, 09:49 AM   #7
blaster88
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Start your minimum at a dollar, and set a reserve you can live with.

No matter what you are selling, with a low start, people will bid just on the off chance they could win for a dollar.

It you start at too high a price - and not even too high for the item, but kind of a psychological too high to bid on a whim - it sits around for a long time with no bids, and that causes people not to bid, too.
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Old 08-20-2002, 09:53 AM   #8
US2JDM
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Pics, original packaging, instructions all seem to add to the 'value'.
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Old 08-20-2002, 10:05 AM   #9
Jon Bogert
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I would disagree with blaster about the reserve--I hate reserves. A reserve isn't going to trick somebody into buying your item for more money. I'm not sure how the "buy it for a dollar" bidders will help your final result.

When I see a reserve auction, I figure there's no chance I'll get a good deal on that item so I don't bother bidding. I once spent a fair amount of time researching a fair price for an antique clock (I know--wasting good mod money ), bid carefully and competitively with a dozen other bidders, won the auction, and found out the d!ckhead seller had a reserve twice as high than the final bid! Screw that.

I think the best pricing approach is a no reserve auction with the opening bid at the lowest possible price you would consider for the item.

Other tips:

- Your title is essential--make sure you have the right keywords so people searching will find your item.

- Include a description that makes bidders comfortable that you're not an idiot. Accurately describe the condition and include as many details as possible.

- Avoid "salesman" speak. Unless you're an ad copywriter, it'll just end up sounding sleazy.

- Photos, photos, photos! Include closeups, especially of any defects.

Good luck!
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Old 08-20-2002, 11:36 AM   #10
thechickencow
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Or...you can PM us and we'll inflate the price of whatever you're selling against some f00l that doesn't have a clue.
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Old 08-20-2002, 01:35 PM   #11
onebrt464
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Try looking at completed auctions of the same item and identify the auctions' strengths and incorporate them into your own auctions.
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Old 08-20-2002, 05:31 PM   #12
WHTWRX
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Between my fiance and I, we've unloaded close to $10k worth of CRAP in the past 4 years.

Here's what works for us:

1. If it's a popular item, wait until fewer of them are up for auction (less competition).

2. Lot's of photos. Make your ad in HTML (use Netscape composer, etc). Link to some personal webspace (if you have it).

3. Always end your auction on the weekend (more people visit Ebay on Sat. than any other day of the week)

4. Accept PayPal or Money Order only. Don't get screwed by personal checks (even for low cost items).

5. If it's a rare item, and something people might not be looking for, run the auction for 10 days. If it's a high demand item, and one that people are always looking for, run it for 3 days (make them panic and bid up the price).

6. Buy some things on ebay and get a good rep established. Once you have at least 10 feedbacks on your account (all positive), people will trust you a lot more.

7. NEVER change your user id (you will get the dreaded sunglass icon next to your name for a month, and people generally associate that icon with scoundrels!).

Now, we don't use PayPal anymore because the fees were getting out of hand and cutting into our profit. We only take MO's now. Also, the "Buy it now" feature is only useful if you are just trying to get rid of something QUICK.
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Old 08-20-2002, 05:54 PM   #13
ryball
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Quote:
Originally posted by WHTWRX
4. Accept PayPal or Money Order only. Don't get screwed by personal checks (even for low cost items).
How do they pay you through paypal? Do you have to have a business account?

How does a Money Order work? Are your sending it COD, or are you having them send it first and then shipping?

What are you using to ship? UPS, FEDEX...?
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Old 08-20-2002, 07:04 PM   #14
WHTWRX
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Quote:
How do they pay you through paypal? Do you have to have a business account?
You register your credit card (or bank account) with Paypal.com. Each member has a user id. PayPal associates your Ebay activity with your PayPal account, so making payment is simple. It's just that they seem to keep adding new fees all the time, so I stopped using it.

All money paid to you goes into a Paypal holding account (which they make money off of from interest). You can pay anyone from this account. You can also request the money be sent to you in the form of a check.

If your paypal account is 0, you can have them charge your bank account/credit card to make a purchase.

Quote:
How does a Money Order work? Are your sending it COD, or are you having them send it first and then shipping?
Go to the post office. Tell them you need a money order for $$$. A small fee is required to get one. It's basically same as cash, but its traceable and therefore somewhat safer for both parties to use.

Quote:
What are you using to ship? UPS, FEDEX...?
I send cheap, small items book rate. I send more expensive items USPS Priority, because the boxes are free.

By convention, buyers pay all shipping costs. As a seller, you make your best estimate. Some people will actually go down to the PO once they know where it is being shipped to, and then tell the buyer how much it will cost. This is too much of a pain for me, so I eyeball it based on experience.

I used to spend a few extra bux to send things insured, but I found out that they will not honor your claim unless you have a valid receipt showing the item's worth (something they never tell you at the counter - friggn PO!).
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Old 08-20-2002, 07:09 PM   #15
ChrisWRX
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Quote:
Originally posted by thechickencow
Or...you can PM us and we'll inflate the price of whatever you're selling against some f00l that doesn't have a clue.
hey can you do that for me?
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Old 08-20-2002, 07:17 PM   #16
thechickencow
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Quote:
Originally posted by ChrisWRX

hey can you do that for me?
Dude, you're supposed to PM me...heh.
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Old 08-20-2002, 07:19 PM   #17
ChrisWRX
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Quote:
Originally posted by thechickencow


Dude, you're supposed to PM me...heh.
It's ok, I got my mom, dad, sis, etc...to do it.
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