Showing posts with label Ebay. Show all posts
Showing posts with label Ebay. Show all posts
EBAY - INCREASE BULK SALES BY STARTING A BIDDING WAR
Have you ever dreamed of making extra money or replacing your job with the freedom to steer your destiny in the direction that you desire. Well selling on EBAY gives you the possibility to accomplish both these pursuits and much more.
Today I wanted to tell you about a SECRET STRATEGY that EBAY POWERSELLERS utilize each and everyday to maximize bulk sales and increase revenue. This strategy is plain and simply to incite a bidding war on products that you have large amounts of. This will allow you to send a SECOND CHANCE OFFER to each and every one of the bidders who are all interested in your product.
You may ask how can I get all these interested bidders. Well the answer is look up the price of the item that has previously sold on ebay, this is the price that the market will bear. Once you have this dollar amount that your product regularly sells for, price your item 10-20% lower. I have a video below that will show you how to look up these prices for sold items on ebay.
Now that you know how to price your item, all you have to do is wait for your bids to come in. I personally list my items for 7 days to allow enough people to be able to see you item. If you have an item that will be slightly harder to sell you may opt to list it for 30 days, yet this will sometimes cost you more. Once you have gotten to the end of your sale and you have your bids collected ship out your paid for and sold item; then start sending second chance offers to the other bidders. I will usually set the sale time to 3 days so they have plenty of time to respond. Now this second chance offer goes to them at the price that they bid, which means that you are guaranteed that price if they accept the offer.
This is how a recent scenario looked. I usually sell a lot of 15 Dr Scholl's Double Air Pillo Insoles for $25 with $12 shipping. I started my Bidding for this item @ $21 I had 5 Bids below the winning bid
Today I wanted to tell you about a SECRET STRATEGY that EBAY POWERSELLERS utilize each and everyday to maximize bulk sales and increase revenue. This strategy is plain and simply to incite a bidding war on products that you have large amounts of. This will allow you to send a SECOND CHANCE OFFER to each and every one of the bidders who are all interested in your product.
You may ask how can I get all these interested bidders. Well the answer is look up the price of the item that has previously sold on ebay, this is the price that the market will bear. Once you have this dollar amount that your product regularly sells for, price your item 10-20% lower. I have a video below that will show you how to look up these prices for sold items on ebay.
Now that you know how to price your item, all you have to do is wait for your bids to come in. I personally list my items for 7 days to allow enough people to be able to see you item. If you have an item that will be slightly harder to sell you may opt to list it for 30 days, yet this will sometimes cost you more. Once you have gotten to the end of your sale and you have your bids collected ship out your paid for and sold item; then start sending second chance offers to the other bidders. I will usually set the sale time to 3 days so they have plenty of time to respond. Now this second chance offer goes to them at the price that they bid, which means that you are guaranteed that price if they accept the offer.
- $21
- $23.50
- $25.50
- $27
- $29.50
AND THE WINNING BID OF $ 30
Now if you look at it, I did take a risk by listing my product lower than I usually sell it. I could have had one bidder at just $21. Sometimes you have to take a calculated risk to be successful! After all was said and done I sent out 5 SECOND CHANCE OFFERS and 4 were ACCEPTED. The crazy thing is, the bidder that didn't accept was the lowest bidder of $21.
This one strategy let us move substantially more product with just one auction, which also greatly increased our sales and revenue. We will bring you many more EBAY strategies in the future. Thanks for your time and interest. Here is a video explaining this strateg on our Youtube site THEGREENCABBY
This one strategy let us move substantially more product with just one auction, which also greatly increased our sales and revenue. We will bring you many more EBAY strategies in the future. Thanks for your time and interest. Here is a video explaining this strateg on our Youtube site THEGREENCABBY
ALERT - EBAY LIMITS YOUR SALES - BEWARE !!!
My wife and I have recently been taking our extreme couponing bounty and selling the items that we dont like or need. Ebay has been a great outlet for this, allowing us to make some additional money and pay off bills before our little bundle of joy arrives. For the last few months we have been selling products oblivious to the fact that BIG BROTHER EBAY was lurking in the background, watching and waiting to limit the items that we could sell on their website. Here is the story of what transpired and how we used our persistence to overcome the EBAY ADVERSITY!!
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