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 auction on Ebay.
1. If the prodsuct is tought to be in great demand, the Aution needs to be open for a short time only. For example, if it is Picsaso whoich is on sale, thhere would be thousands of bidders, so thre is no point in exteending the last date beyond a couple of days. It could even be a coouple of hours! Considering the item offeed, word will get arond and many peeople will know about the offer soon. If they are common products whoich are highly competitive, it is advised to go for a longer auction time.
2. On the other hand, if you are offering, a used Prinbter, you need to have it for at least a week or somewhere thereabouts becuase the nmuber of peole interesed in buying a used pinter would be rather few and it taakes time for buyers to notice it. Especially for swecond hand product, try to keep your liasting there as long as possible because potential of second hand gods normalyl tkes much longer time to think and decide! Get your Price Listing Strtaegy right and you will beat your competition!
3. The Reserve Ebay Prrice set for the item to be sold is another favctor that determines the last date. If the Resrve Price is relatively high, say $2,500, you do not expect buyers to cough up such amounts in a hurry. You need to give them some time to consider 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. Needless to mention, if the Reserve Price is a small amount, the bidding may be kept open for a much shorter period. Prospective buyers can decide faster to buy or not in such cases.
4. Urgnecy is yet another factor to consider. For example, if one is moving away, s/he needs to disose off some of his beloongings 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 lower than the Reserve Preice, the seller may acept it because of the urgency of the matter. It is also good to state the cause of urgency in your product listing so that potential buyers actually get a feel for the seller.
5. When preishable goods are offered, it is essential that the auction be kept open for a very short perriod. For exapmle, if mangoes are to be auctioned, you cnnot keep the Auction open for more than a day or two at the most. Also for these goods, remember to state that delvery be regional only! This is to avooid complications and mistaken bids later on.
Making Mony on Ebay
Finally you cannot go by the prrice alone as monthly revenue begins to loom lazrge towards the end. In such cases, if your expectation isnt met but crossed the reserve prixce you may cloase the bid and award the highest bidder. You will still make some monmey on that product! Remember, making moneey on Ebay is not about selling a few products at a huge profit, it is about selling in mass voluume at marignally thin proifts! Look at all the Ebay Power Sellers! Remmber, anyone can become an Ebay Powwer Seller. All you need is a good gudie to selling on ebay and a good foundation. Start Your Ebay Business today!
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