My 12 Tips For Selling on eBay

My 12 tips for selling on eBay are designed to help you to make as much money as possible. It’s all too easy to make what many would regard as a minor mistake that could finish putting a sizeable dent in your profits.

Although my list is compiled with the home based business person in mind they equally apply if you are just clearing out unwanted items from home.

12 Tips for selling on eBay

  1. Always try to begin your eBay career by selling personal items that are superfluous to requirements. You will rapidly learn how to take and upload photographs, compose titles and write good descriptions.
  2. Items with brand names always sell better than unbranded ones. ‘Sony 50” TV’ is more powerful than just ’50” TV’
  3. Getting the title right is absolutely vital and could mean your item selling rather than that of the competition. Don’t waste characters on words that no one will search for. People rarely put in model numbers or adjectives like nice, beautiful, comfortable etc. But do include keywords related to the product if you have the space.
  4. Your description should be comprehensive. Include everything that you would like to see there including, colors, dimensions, weight etc. Be honest and use spell check.
  5. Find out what you should be selling for by filling in the search box on eBay with your item description, then click on ‘completed items’ in the left hand side bar to discover what they sold for.
  6. If you need to save space in the title bar there are abbreviations commonly used on eBay. BN – brand new, BNWT – brand new with tags, BNIB – brand new in box, BIN – buy it now and VGC – very good condition. Only use these if absolutely necessary.
  7. Be careful with auction ending times. You don’t want them ending in the middle of the night. This sometimes happens when listing in a country other than your own.
  8. It may seem obvious but don’t sell stuff out of season, barbecues in December – it happens!
  9. eBay sometimes has ‘free listing’ weekends watch out for these.
  10. I cannot advise on tax but remember if you are running a business on eBay you need to take professional advice.
  11. Feedback is everything. Do everything you can to protect it by giving outstanding service. If a refund is needed, give it quickly and with good grace.
  12. To advertise free delivery is a powerful marketing tool.

I hope you find my tips for selling on eBay useful, there are lots more but if you get all of the above right you will be well on your way to being the next eBay powerseller!

If You Own A Quickdrop Ebay Drop Store Franchise What Will You Do Now?

QuikDrop Says Goodbye…

In an article written by Ina Steiner of AuctionBytes.com this morning, it is reported that QuikDrop, one of America’s largest drop off eBay store franchises, is closing up franchise sales and support operations by the end of this month. The current franchisees (store owners) are free to continue store operations but will do so without corporate franchise support or software.

…at least one storeowner was worried over QuikDrop’s notice that it would cease offering the stores use of its proprietary software program on December 31. Bob Golub, owner of a Massachusetts QuikDrop franchise store, said he wasn’t surprised at news of the closure, but is worried about finding replacement software and learning a new program in such a short period of time. “We’re all scrambling,” Golub said. Excerpt by: Ina Steiner AuctionBytes.com

If you own a QuickDrop franchise what will you do?

Will you move on and continue with operations with newer and even better software provided by a third party like AuctionLogic (powered by AuctionSound)? Or will you try to run your consignment operations with eBay’s Turbo-Lister?

Services are available such as AccountingLogic which will help you convert your data from your existing software or bookkeeping software and import that data into your new listing software. Learning more modern web based consignment listing software suites is not nearly as difficult as QuickDrop store owners might imagine. Training is available through the software vendors or their consultants and in the end your costs will be much lower while your ease of use and efficiency will improve.

My advice would be to weigh the options and evaluate this change as an opportunity. QuickDrop may have given the entire franchise the best Christmas present possible. But shutting down the bleeding and operations they have given the franchises an opportunity to control their own destiny and run their business as they want to. The reduction in overhead will give each franchise owner breathing room to implement new advertising, website development, and eBay store upgrade options which were not available to them as a franchise owner.

Beyond highlighting the numerous valid reasons for avoiding the purchase of a eBay drop store franchise, as previously detailed in this publication… This development also brings to the forefront a business practice which I believe every small entrepreneur should avoid…

The dependence upon one company or entity to supply your business with all of its required software and branding and ultimately, income… is fool hearty. Throwing all of your proverbial eggs in one basket is unwise in any venture, to depend upon one company for software and branding is risky.

While this lesson is demonstrated very plainly by this latest QuickDrop development. The same lesson can be applied to the practice of placing all of your product sales in one channel such as eBay. It is unwise for any business owner to be so entirely dependent upon the stability, largess, or whims of another company. If you are only selling via eBay or if you have a franchise eBay drop store of any brand, you should take today’s news as a wake up call. Look at your operation and analyze where your income is developed. If your stream is one river then you should diversify. Find a way to sell elsewhere, look for other support options, review other software vendors…

Always look for ways to spread out your dependence upon other entities and your business will be more healthy and better able to survive when one vendor has a bad situation develop. Your business is not unlike an investment portfolio, investing all of your cash in one stock is never well advised…

Everyone in the QuickDrop family should thank the corporate offices for this decision. There are other software suites available which are more user friendly and have better support and they are available at less cost than the price of a franchise and royalty fee.

Congratulations to all of the QuickDrop franchise owners – you have been set free.

An Unusual Way to Get Rich – Create a Flea Market Small-Business Empire With Wholesale Products

FACT: Many people earn $1,000 per day (that’s $104,000 per year) just selling at flea markets and swap meets on weekends. (I’ve actually made more than that on some days.) Most people think we are just a bunch of poor folks trying to make an extra dollar, and that’s exactly what we want them to think.

What do we know that you don’t? What are our secrets? Can you do it?

Yes. Anyone can sell at flea markets and become wealthy…and I’m going to tell you exactly how right here.

Becoming a flea market vendor is easy and affordable. Your expenses will be the cost of your merchandise and space rent. Daily rent for an outside space can be as little as $5-$10 per day. Many people begin by selling used items and move into selling brand new items purchased from wholesale companies. New items outsell used items two to one and have a higher profit ratio.

Most people already have a table or two they can bring with them. I actually began my flea market and swap meet business with only $200 and a couple card tables I borrowed. I now earn thousands of dollars every month without fail. (Of course, the more money you have to buy merchandise, the faster your new business will grow.)

The key is to let your new business grow. Don’t kill it by taking all the profits out of it! I suggest that you have a job or another source of income to cover your living expenses for at least the first six months after starting your new business.

There’s an old adage in this business: ‘The more you have, the more you’ll sell.’ Believe me, it is true! Take that to heart and put all of your profits into buying more merchandise, so you’ll have even more to sell the next weekend.

Who do you think most shoppers will go to, the guy sitting there with four items on a single card table or three spaces across the aisle from him literally loaded with millions of different items? If you think you have enough merchandise, you don’t.

If you use your profits to build your business and buy more merchandise every week it won’t be more than a few months before your sales rapidly increase and you can begin keeping some of the profits for yourself without killing it.

If you live in a northern climate that is cold in winter or a southern climate that is hot and humid during summer, you might consider renting a space inside a flea market building. Yes, your space rent will go up a bit, but you’ll have the advantage of heat and air conditioning (comfortable shoppers spend more money), as well as a secure enclosure for your tables and merchandise during the week when the market is closed.

Once your first small business is running well, use the profits from it to open a second small business at the same flea market or swap meet, selling a different type of merchandise. Expanding is as simple as renting another space and hiring someone to run it for you. Again, your costs will only be merchandise and space rent and whatever you pay your help. (Be good to them and they will be very good to you.) Just as with your first business, put the profits back into your second business and allow it to build.

The profits from two small businesses will allow you to open a third small business with ease. Do the same as you did before and allow your third business to grow. Put the money back into it by purchasing more merchandise.

Then open a fourth, a fifth, a sixth small business at the same flea market. It’s not only possible but almost guaranteed that if you will do that you will create your own small business empire in less than one year and have a yearly income in excess of $100,000 after expenses.

If you just put the profit back into your first new business, it will grow without another penny out of your pocket. The profits will allow you to open a second, a third and so on. You don’t need a small business loan to get started.

Plus, you are not limited to just one flea market or swap meet. There may be other markets within 20 or 30 miles of you, where you can do the very same thing and multiply your earnings.

If you follow this simple yet effective formula it won’t be long before you can stop selling at flea markets yourself and just become a manager, overseeing your small business empire and stepping in to give your employees breaks.

Once you are making a very good income, consider other ways to invest your money to make even more profit, such as opening your own wholesale house and selling merchandise to flea market vendors and make even more.

Flea markets and swap meets are an excellent venue in which the average person may start their own small business and become wealthy by creating a small business empire.

The Web’s Best Online Auction Sites

The best online auction links for buyers and sellers are – not surprisingly – eBay, eBay and eBay. eBay began the entire wacky world of online auctions back on the Labor Day weekend of 1995. By any definition, this is one of the most successful sites in the world, and certainly offers the greatest number and variety of goodies for buyers. Generally, sellers make more money on eBay than elsewhere.

Sometimes, though, we might wonder about the future of eBay, because the sheer volume of goods for sale might bring this giant to a halt. Today, for example, there are 425,641 sports card auctions. Many of these are dutch auctions – meaning the sellers are offering multiple items. So the actual number of cards for sale is even higher than the gigantic list of auctions. If you are a seller trying to auction a few cards, and you aren’t really skilled in the business like Auction Genius Course students are, what are your chances of selling? Is it possible that in the future sellers might be looking for other options if they can’t sell their goodies?

Here are some of the best online auction links if you’re looking for life outside eBay:

Yahoo Auctions: (http.auctions.yahoo.com)

Being Yahoo, this is naturally the biggest competitor to giany eBay.

Amazon Auctions: (http://amazon.com)

Amazon was more serious about their online auctions in the past, but has added many more retail buying features in past years.

ePier Online Auctions: (http://epier.com)

One of the best alternative online auction links is ePier. These folks stuck it out for 2 years before making a profit, but are doing well now. As sellers, we can only cheer about the competition.

Bidville: ([http://www.BidVille.com])

This general online auction site is small fry, compared to the giants, but depending on what you’re selling, this might be a big advantage.

uBid: ([http://www.ubid.com])

uBid is one of the best online auction sites for buying multiple items for resale. Its claim to fame is “bid on brand names starting at $1”.

Bidz: ([http://web-1.bidz.com])

Bidz is the home of the “2 minute” auctions which are fast and lots of fun. Warning: it’s easy to get caught up in the auction fever of the moment and get carried away, so approach with caution.

These are some of the very best online auction links, but it’s by no means a complete list. The opportunities for online auction selling are truly staggering and smart sellers neglect no possibilities.

Boost Your eBay Sales Using Simple, But Effective Approaches

eBay is amongst the best platforms you can choose to use to sell your products on. But considering that there are thousands of other sellers trying to attract sales just the same way you are then you are better off approaching it strategically so that you are able to boost your selling rates. If you want to attract more traffic to your listings, then you must get it right when packaging and presenting it to your targeted market.

Marketing is not always a cheap affair and it therefore makes more sense to optimize eBay business in such a way that you are able to attract traffic and increase sales. Fortunately, this is not that hard to achieve when you know and take care of all elements that really matter. A few simple but effective steps are all you need to take to start selling more on the platform.

Build and eBay identity – Branding is what you should be paying attention to so as to gain the trust of your customers. When you are able to successfully build a brand around your business on the platform, you will be in a position to enjoy return traffic, repeat business and also benefit from referrals. Be professional and consistent with your brand so your customers are able to remember you and trust you. You can consider developing a logo for your brand; a professional designer will help you create the most suitable for your business.

Let your username be sensible and professional – The last thing you want to do is choose a username that does not make any sense to the customers or one that is too long or complicated to remember. Keep the username relevant to what your brand is all about and let it be short and easy to remember and type to attract more traffic. If you make it too complicated then you risk losing traffic that would otherwise have led to a sale.

Let your branding be consistent throughout your eBay platform – The good thing about eBay is that the interface can be customized. You can therefore take full advantage of the opportunity to leave a mark. Take branding all the way across, listings, eBay shop, ends of auction email and even checkout and payment mode. The more consistent and spread it is, the better it will be for you to create a name that can be trusted.

Mind your listing template – Remember that you will be selling online where buyers do not have the luxury of touching and physically seeing the items that you are selling. For this matter, you must make it possible for them to understand the exact product you are selling them by providing every relevant detail about it. The more reassured your potential buyers are, the higher their chances of buying are, hence you should never leave anything out. Let your listing be made up of high quality pictures of every item you are selling, full description, including dimensions and features and any damage present, return policy, accepted payments and postage costs.

12 Kinds of Antique Products You Can Sell Through Online Auctions

All kinds of antiques, from dolls to furniture are certainly great sellers. But most of us are not antique dealers and may not know or care enough about them. So here are twelve things that sell like crazy that you can profit from using online auctions. (The list is not in priority order.)

1. Coins

A lot of people are coin collectors. You can buy on the Internet all kinds of foreign coins; pesos from Mexico, and coins from Brazil. Now we have the Euro, coins in the old money can only increase in value as they become a rarity.

These are very cheap coins. Some people have packaged them, like one hundred coins of the world, and they have sold at auction for £60 and £70. Many of those coins, like the Mexican peso and Brazilian one peso coin is less than a penny.

Also, Indian Head pennies and old silver, and even some current silver that’s not that old, what’s called junk silver, but it is still silver, is very popular. Some people bid this stuff up far more than what you can buy it for as base metal. It’s crazy, but that’s how it is.

2. Pocket and hunting knives

Both old and new pocket and hunting knives are very popular items. This category also includes swords.

It’s not for everyone, but if you are interested or have some knowledge of survival skills using knives, or find the history of swords fascinating these items do well online.

3. Watches and Rings

People are into some unusual watches and rings. Some of the turquoise watches and jewellery from New Mexico, was originally popular twenty years ago. But then it went out of fashion and nobody would wear it. Now, once again, it is popular.

If you can buy that jewellery at a good price, you can double and even triple your money.

4. Music boxes

Music boxes are very collectible and highly popular. They are relatively easy to ship to customers. A visit to any junk shop, car boot sale, antiques mall or market will usually yield at least one music box.

5. Holiday Season Items

All kinds of unusual items linked to Easter, Christmas and Halloween are extremely popular. People have bid items in this category way up.

6. Native American Indian Arts and Crafts

Anything to do with Indian arts and crafts is big business especially in the USA, UK, Germany and Belgium. Old arrowheads are popular, blankets, saddles, beadwork, all sorts of things connected with the Native American nations.

7. Religious Items

It doesn’t matter whether the religious items are Christian, Jewish, Islamic, Hindu or any other religion. They are all very popular.

In the Middle East they have “worry beads.” I had an Arab friend many years ago that gave me some. They don’t cost much money. I’ve seen them bid up to £25.

8. Rocks and Fossils

Rocks and fossils are very popular, perhaps because they are so collectible – they take little room up but a collection can be startling and interesting.

9. Bedspreads and Quilts

The star quilts of the North American Indians are very popular as well as the varied quilts made by the Victorians. Still a popular craft today, even modern handmade bedspreads and quilts can fetch a good price.

10. Perfumes and Colognes

This includes perfumes and colognes for both men and women. Especially name brands at a discount where people can bid for it, but get it for lower than the £50 it might normally sell for in a big department store.

11. Regional Items

Regional items have increased in popularity. People, who live in Arizona and New Mexico, California, Texas, can slip past the border and pick up Mexican arts and crafts extremely cheap, and yet double and triple their money on eBay.

If you don’t live in the States, but take a holiday in Mexico or South America, you may still find this lucrative. This category also covers tourist items bought anywhere in the world; such as African beadwork, dolls in the costume of the country, china from seaside towns in the British Isles, handbags from Egypt, it’s endless. As an aside, there is a vast, thriving market in British seaside trivia from pre-1970s.

12. Autographs

If you know, or have, anything that was signed by a famous person; a rock star, movie stars, presidents, whatever, they are bidding these up big time on eBay and the other auction sites. Some collectors’ are also keen to bid for a famous person’s item of clothing or lock of hair.

So, that’s just a summary of twelve categories that sell well through Internet auctions.

Of course you can sell thousands of other items. All sorts of books sell, for instance, there is no question about that. I’ve sold books and I’ve had three or four different companies buy books from me and resell them on eBay, Yahoo and other auction sites. However, you must either buy or print books cheap enough that you can ask for big enough discounts.

For example, a £25 book might get auctioned off at £6 or £7. Now if you bought it for £2, or printed it for £2 it shouldn’t be a problem making a steady profit. The profit margin is big enough for you to walk away with cash in your pocket.

The Top Sellers On eBay & What We Can Learn From Them

A fascinating eBay case study is the number one seller on eBay, a little outfit called Marie’s CDs, but is better known under its old name “1 Cent CD.” Jay and Marie, current ID “jayandmarie”, are an institution on eBay and are a big part of what makes eBay such an amazingly popular phenomenon.

This little company is literally an eBay dream come true. They started small out of their home in California in 1999 and began growing quickly. To date they have completed over 1 million auctions on eBay and have a feedback rating of 177,018 with 99% satisfaction from their customers!

When I say grow, I mean it in a Jack and the Beanstalk kind of way. Their business started out as a little fly-by-night outfit and has now sold over 1 million dollars (yep, that’s $1,000,000) annually for the past three years… Let me repeat that: over a million dollars in sales each year for three years running! Now THAT is growth!

They employ several people, have three small buildings in southern California, and ship items all over the world (mainly CDs). They got their fame from their auctions for CDs that start at only a penny…

What can we learn from this fascinating case study? What do Jay and Marie actually do?

Well, for one thing, they have huge numbers of auctions. Today, they have 83 pages of auctions listed. eBay lists 50 auctions to a page, so that is over 4,000 auctions.

Secondly, they offer great value, because their CDs begin at one cent. Yes, all of them.

None of their auctions has a reserve. Does it pay off? You betchum! Today, looking through 4 pages of eBay auctions, only 3 of them had no bids – so far.

And, naturally, their great feedback and reputation work heavily in their favor. After all, how many eBay sellers have 177,000+ feedback points with over half a million transactions completed.

This case study shows all of us how smart marketing and a great business model can pay off on eBay – and ecommerce, in general.

Edge of Using Pre Designed eBay Templates

The basic advantage of using an eBay template design relates to your store or auction look. The template can give your store a professional and elegant look resulting in the attraction of more customers and increase in sales.

The auction seems to be put in a lot of effort if a professional customized eBay template design is used to make it stand out.

A pre-built design saves time and effort making your job less tedious, meaning that you would not have to pay someone to do your designing nether you would be spending a lot of time on it yourself. This would enable you to put that saved time into other aspects of your business such as marketing or driving in more customer traffic.

Another massive benefit of using an eBay template design is that multiple auctions could be done in far less time than making each auction individually would.

Predetermined forms are available to set according to your requirements if you do not prefer someone else to create a template for you.

Another edge that you get from it is that you do not necessarily require vast knowledge of things such as HTML and you can just click your desired options and the engine would create a template for you fulfilling all your requirements.

Free templates are often available online created by many web developers. They create templates and post them on the internet allowing anybody to use them as long as they mention and give credit to them at the end.

The above mentioned way provides with a mutual benefit as not only you get a template that best suits your needs and matches up with the quality, you can also help the designer in evolving and you can also benefit by making an agreement with the designer to continue working for you.

As a lot of people planning to start an eBay store do not have expertise of that level in forming the store, the eBay design templates available online help them a lot and they rely on those templates a lot.

If you plan on starting an online business and building your own brand identity, it is recommended that you hire a designer that builds you a customized eBay template.

In order to make your products more recognizable and understandable, have an attractive logo and a good header.

Usage of the same logo and header across all your online links such as blogs, websites or other auction templates is important and recommended as the logo and the header becomes your identity and the customers can easily recognize you and relate to you.

Apart from various other benefits provided by the use of eBay template designs, it also allows sharing of maximum information with the potential buyers by the displaying important features on your page.

But before all this, it should be kept in mind that the buyer can only view your auction templates and see how professional and elegant it is if they are in your listings. And to get them in your listings it is important to focus on traffic generation, constant monitoring of competition and keyword searches.

Why You Should Choose a Pre Designed Template

Many eBay sellers prefer using a catchy customized template for the listing of their items, then having no design at all. A pre designed template helps you to give your store the professional look it needs to flourish. It is found out by research that customers tend to prefer pages that are well designed and organized rather than those that are average looking, the same thing applies for eBay auction lists. So the better our eBay store looks, the more time the potential buyer would spend on it and the chances of your sales would be high. If it seemed difficult to believe, try observing you know buying behaviors.

One massive advantage which is given by the use of pre designed eBay templates is that it helps amateurs and people new to the eBay store business in launching a highly professional looking store within no time. The reuse of the same template times and again by simply just adding a new description, a new product photo and a new link to the auction list, is another additional benefit. One of the most liked features of using pre designed eBay template is that one can leave the other details to it along with the standard product details such as contact numbers, shipping links, etc. This in turn saves a lot of precious time that can then be utilized in other aspects of the business.

The template file can be read with any preferred HTML editor. Online as well as offline editors are available that help you in designing your design template. An added advantage of designing your auction list template offline is that you have a full control over your entire designing process. The options available online sometimes do not provide you with the product of high quality. Although they are time saving, but the end results are usually not up to the mark so preference is given to using an offline template designing editor in order to produce a product of high quality and standard that would help you boost your sales and attract more customer traffic by giving a better, elegant and professional look.

A numerous number of eBay auction sites are present and although there would be more than one eBay auction listing that would be using the same eBay template design, the chances of the potential buyer of seeing both at the same time has very minute chances of happening. The products presented by every eBay auction site are unique. The redesigned eBay templates give you the option of giving your products a professional look without the expenditure of a lot of time and also saving you the troubles of designing an eBay auction list from the very beginning. Apart from this there are companies that help you design and built your own customized designs, giving your store a personal touch and a separate identity. The pre designed ones should also have your own separate identity element in it to make it more attractive resulting in the attraction of more customer traffic and an increase in your sales.

Car Liquidation – What It Can Mean For You

There are two types of car liquidation: voluntary and compulsory. A voluntary liquidation is when a car dealership agrees to have their cars sold at a liquidation auction. There are several reasons why a voluntary car liquidation auction would take place. For one, if a business is struggling they may choose to auction off their merchandise early enough that they will be able to pay their debts before things get out of hand. An individual that owes for a vehicle may find themselves in a situation where they will not be able to finish paying for the car. In this case they may choose to voluntarily have their car sold at an auction in hopes of selling it for enough to pay off the loan.

A compulsory liquidation is when a business or individual is forced to participate in this auction. This type of car liquidation is usually court ordered, which means that they have no choice but to participate. For example, if a car dealership went out of business or filed for bankruptcy, then the cars would be liquidated and sold at an auction. Vehicles that are impounded or retrieved from criminals such as drug dealers are sold at car liquidation auctions.

What does a car liquidation auction mean for you? Why would it be beneficial to know when these auctions are taking place? The majority of these cars are in good running condition. Many of them have great warranties and they are being sold for a low price, which means great savings for anyone in the market for a new or used car. It would be easy for you to check the history of any of these cars that you have an interested in. All you need to do is have the VIN number to receive the history through Car Fax. Then you will have all the information you need to make a good decision about the car you want to buy. Basically, it means that you can get a good, dependable car at a really cheap price.