by Kiwi – HeffeQue

How to Make Money on ebay Auctions

“Going once, going twice…”, that is usually the phrase associated to the traditional practice of auctioning. This has indeed changed with the advent of the internet particularly the emergence of the ebay explosion. Ebay made auctioning a modernized one and the benefits are enormous. This is a guide on how to make money on ebay auctions.

a. Presentation counts a lot.

If you would like to make money on ebay through auctions, you should be able to devise a way to make your products more presentable to your target customers or market. In this case, presentation is everything because people are not likely to pay a high amount for something that looks like it is low in quality. Human nature dictates the habit of judging things by the way they look, thus one should exert efforts in making his or her products as enticing as possible.

b. Categorically speaking.

It is a must to position your product in the right category to make your product more visible. If it is somewhere it should really not be, chances are it will not gain the proper attention it deserves from auctions enthusiasts.

Make use of the category guide provided by ebay to help you on this matter. Also, the proper title for your item should be given major consideration since this is what buyers will be keying in if they would not want to go through the tedious task of rummaging through hundreds of categories.

c. Proper Advertisement

Advertisement is essential in any business and apparently this particularly applies to eBay auctions too. In advertising your item, its description should be given ample consideration. Too lengthy and it gets too boring. Too short and it will look not so well thought of. Being truthful with your item’s description will prove to be one of the best way to do it. A picture of the item you are selling will also do great in making your product attract more traffic. Practice on producing good shots of your item to make more people appreciate the effort you put in advertising your product.

d. Starting Price Schemes

You can use various methods in pricing your item to make buyers to look at the auction.

Depending on your item, you can either price it low and wait for it to be bid up to your expected level. Ebay offers fixed pricing as an alternative. If you prefer a method wherein you will determine a certain minimum price or a reserve price you just have to be ready for the limited traffic and the extra amount you have to pay for your auction to be listed.

e. Payment Methods

If you limit your payment method to only one, say Paypal, it will lose the chance to be considered by other buyers who can afford to bid and pay using other payment methods. If you are planning to do this for a long haul, including other payment method options will help you do better in auctioning off your products.

These are only a few of the fool-proof ways to capture the attention of buyers and eventually convert them to sales. It is still important that you keep yourself updated with the other methods that other ebay sellers are employing for their auctions to do well.