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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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