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Insurance Auto Auctions Drives Record Returns for Its Customers
Insurance Auto Auctions, Inc., a leading provider of automotive salvage and claims processing services in the United States, today announced record vehicle returns during the second quarter. IAA's dual bidding strategy has continued to drive more buyers ...
The 3 Minute Auction and Minute Auction Explained
Am I the only person who doesn't know what a 3 minute auction is? Looking for fresh content for my site, I discover that "minute auction," or even a 5, 10 and 30 minute auction is a popular item. Some auction sites may refer to a minute auction as a ...
UbidFast auctionsopens for business offering safe and secure shopping for consumers.
The challenge for UbidFast is creating a successful auction shopping site with the looming monopoly in the industry. Most auction or shopping sites start with the dream to tap in the largest auction site's two billion dollar revenue. Ubid Fast is taking a ...
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Are you finding that auction after auction fails to attract any bidders or buyers? It happens to the best of us sometimes - take a good look at these things to see if any of them could be making your bidders avoid you.
The starting price was too high: People don't want to have to make a high bid before anyone else has - you should always start your auctions low and let the bidders bid them up.
The fixed price is too high: If you're just selling with Buy it Now, then of course your items won't sell if they're too expensive. Try reducing the price a little each time the item fails to sell.
No picture: Most buyers are reluctant to bid on something without a picture, and that goes even more for high-value items. Think of it from the buyer's point-of-view: would you want to bid on an item when you've no idea what it looks like?
You had a reserve: Reserve prices scare away buyers like you wouldn't believe, not to mention costing a percentage of your final sale price. Avoid them like the plague.
Bad spelling and grammar: If your titles are spelt wrongly, then no-one will find your auctions. If your descriptions are incoherent, then no-one will know what you're talking about. Always run your text through a spelling and grammar checker before you put it up on eBay.
Too much for shipping: You might be expecting people to pay more for shipping than they're prepared to. Give them a few cheaper options that will take longer, or use cheaper materials.
Negative feedback: If you got negative feedback on
your last transaction, expect things to be slow for a while. Try selling cheap things for a while to get your account back in good standing.
Nasty terms: Don't write things all over your auction like "I will only accept returns in PERFECT condition" or "Serious bidders only, no timewasters!!" This is entirely unnecessary and just makes you look difficult to deal with.
No PayPal: Many buyers simply avoid any seller who doesn't accept PayPal as a payment method - they can't be bothered with the hassle of anything else. Even if you don't like PayPal, you should accept it if you want to business on eBay.
The items were bad. You will have to accept that there are some items no-one wants - perhaps they were hyped to begin with, but now people had heard that they're useless and stopped buying. Before you come to this conclusion, though, check everything else you can, and check if anyone else is managing to sell it. If you're sure, try to return the items, and buy in some new stock.
About the Author
Paul is Head of Training for a major UK Charitable Organisation with a wealth of experience in personal development, management development, e-learning and operational management. In addition he owns PK eBooks (http://www.pk-ebooks.co.uk) two sites specifically aimed at those who want to successfully sell on eBay http://www.ebay-profits.co.uk and http://www.info-entrepreneurs.co.uk
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VINTAGE: Auction-Star Ferrari 625 TRCSPEEDtv.com(Photo: Wouter Melissen) The star of the various auctions during last week's Monaco Historic Grand Prix was this 1957 Ferrari 625 TRC sold for just over 5 million euro ($6.5 million) by RM Auctions. It is one of just two 500 TRCs built in period with ... |
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