posted on September 5, 2002 03:23:35 PM new
Look to expand what you are doing now. This message board is a great place to get ideas, I have found myself buying items this past week that I never gave much thought about, and so far, so good.
posted on September 5, 2002 04:29:05 PM new
This could be a good thread. I was thinking to myself earlier this week about "how could I increase bids/sell through % in the next few months?" Does anyone have any ideas or thoughts that they plan on implementing? I have alread tossed a few "penny auctions" out there to see how they do. Never tried it. That should take care of the sell through rate, but how about maximizing # of bids?
As my old Uncle Al used to say "I'd rather make a quick nickel than a slow dime." Don't know if he originated the saying, but it worked for him.
posted on September 5, 2002 05:02:25 PM new
Research the heck out of your ebay items. Use the completed items search on ebay and see which categories did best with your item.
posted on September 5, 2002 07:06:31 PM new
Well, I'm somewhat new to the auction game, but based on the results so far, I'm doing pretty good. Anyway, a few of the things that have worked for me:
#1. Research what sells well AND determine potential (worse case) margins for a product. I have two margins I aim for, the ideal margin and the margin I'll accept if the product sells in high volumes. If the product doesn't meet your margin standards (E.g. What you can live with) don't sell it -- even if it's still profitable. Focusing on high margin goods is always bst.
#2. Keep excellent records, because information is the key to this game. If someone is selling the same product as you and making more money, it's probably because they have information you don't with regards to when to list, pricing, cheaper suppliers, how to present the product, etc.
Anyway, a few of the things that have worked for me:
