Shopping on ebay.
ebay has auctions which is an accelerated sales process by which items or lots are rapidly sold, usually to the highest bidder. Selling rates at certain types
of auctions on ebay exceed 100 lots per hour. Each lot's sale presents bidders with a small window of opportunity to make a purchasing decision. Bidding success at an auction on ebay requires knowledge of auction selling propositions and terminology.
For most people, auctions on ebay are ladened with cryptic terminology that has been in use for at least the last few centuries and perhaps even earlier. The earliest known auction was recorded in 480 BC by Herodotus, an ancient historian, who chronicled the marriage auction rituals of the early Babylonians. Furthermore, the term "auction" is derived from the ancient Greek root "auctio" which translates to "increase." The Roman Empire frequently sold booty from defeated enemies via the auction method "sub hasta" or "under the spear" on the battlefield after a military victory.
Savvy bidders know the difference between "reserve" and "absolute." misunderstanding those selling terms can result in the buyer paying an unintended price. A good auction dictionary will inform bidders about all auction selling propositions that may be encountered at a sale. By law, all auctions are with reserve, in which sellers can establish a minimum sales prices, whereas absolute auctions lots are sold absolute - without minimums - to the highest bidder.
Many people have not considered the value of using online
auction houses, such as eBay and Yahoo! Auctions, to
promote their own businesses. No matter your business,
with a little creativity, you can use this tool to market
yourself.
There are three important pieces to the ebay Marketing puzzle
when using auction websites: your user name, your profile,
and your products. When signing up, pick a user name that reflects your
business. Your business name is preferred, but anything
close (even your website name: yourbusiness.com) will do
well.
The next focus is the "profile" page, which you will set up
as a part of the signup process with these auction
websites. In this profile, you are able to talk about
yourself (read: "market yourself") and link to your
website. This is fairly straightforward. Make sure that
your links are correct and that you haven't made any
spelling or grammatical errors. Short and sweet works
best. The majority of those who do come to this page will
read your information. If you make it too long, though,
they might skip it. After all, most people who load these
profiles are looking for other auctions, not your life
story.
The final issue to deal with is your products. Even if you
sell services, you can use these auction sites like ebay.
If you are new to the auction site, read several other
auctions and go through the posting process (without
hitting the final "post" button) to see how the auctions
are structured. Once you have an idea of how you should go about posting your items and what kind of knowledge you'll need, start writing your product information. Do this by typing them into a text editor (Word, Notepad, etc.) and
running them through a spell checker. Then re-read them
once or twice to make sure you didn't miss anything or
fudge the description. Once you're ready, go back to the
auction site and post your ad. I'd suggest no more than
one or two to get started. Once you have a handle on
things (and have made a couple of sales), you'll be ready
to post more often.
CLICK HERE FOR INFO!