Posts Tagged ‘how to make money on eBay’

Up-Selling Your eBay Auctions – Sell To Your Existing Customers

Tuesday, May 10th, 2011

A lot of people have written about this topic but not many people have gotten into the “nitty gritty”. “Up-selling” means encouraging your customers to buy more from you at the time of the original sale in order to save on shipping or buy compatible items. Eg. A customer who buys a skirt may wish to purchase a top that matches. Or they may purchase some earrings and would consider a matching necklace and/or bracelet. eBay’s cross-promotional tools help this. What about getting smart with your existing customer base the next time around? After all, you might not have any compatible products the first time but you can get smart the next time and make sure you are marketing items of direct interest to your old customers. How then do you know what your customers want and encourage them back to your new listings?

eBay itself offers a neat little search tool of which most people are unaware. And if you combine this with an opt-in mailing list you develop through feedback from past customers you have a sure way of increasing profits. I’ll illustrate this using the example of selling music CD’s but you could use it for practically anything you sell.

There are essentially three main steps:

  1. Develop your opt-in mailing list
  2. Build a web page of search links (with totals) to your matching auctions
  3. Email your mailing list when you list new items

I’ll go through each of these briefly.

Step One – Develop your opt-in mailing list

We all know that spam is not tolerated so your list has to be 100% opt-in and allow anyone to remove themselves at any time. We also know that auction buyers will buy from the same seller regularly if they are offered good products, attractive prices and excellent customer service. You are building rapport with your customers and most importantly, trust. I’m going to assume that as a serious seller, this is exactly how you operate.

When you contact your music CD winning bidders, there is no harm saying to them somewhere near the foot of their winning bidder email:

“I have started a free service for all my existing customers. All I ask is that they tell me their music interests (Eg. singer, type of music, that type of thing) and I will email them with matches whenever I have a new listing day. My customers are enjoying this service because they can see quickly at a glance just what I have listed that is of interest.”

My husband does this and gets an excellent response rate.  Auction Autopilot recommends that you use AWeber to manage your email list.

Step Two – Build a web page of search links to your matching auctions

The trick to this is to build a web page which only has matching links to your auctions. And this is where eBay’s magic search tool comes into use. (These steps are specifically written for the US eBay database but there should be similar functionality in other eBay databases.) Follow these steps closely:

  1. Go to eBay and click on the “Search” button (The rest of the instructions assume your default view of eBay’s new search facility has the “Find Items” option selected in the choices to the left of your screen.)
  2. Scroll down and make sure you have the full set of search options displayed.  If you don’t, you will have a link at the foot of those options stating “More Search Options”.  Click on that link.
  3. In the “Enter keyword or item number” box insert the customer’s “wants”. For example, they might say they are interested in “Billy Joel” or you might be organising by type of music so you insert “Jazz”. Obviously, the sky is the limit here. Once you understand the theory, you’ll start to see how you can use it well in your environment. (I usually make sure the Search title and descriptions box is ticked… you decide).
  4. Further down, in the “From specific sellers” box, make sure “Include” is selected and insert your seller-id in the blank box to the right.
  5. Click the “Search” button (bottom of the page) and copy the web address of the resulting search page. This page shows all your “current” auctions which have “Billy Joel” in them.
  6. In your web page building program (whatever you use personally to build web pages… I like MS FrontPage) insert an entry for say “Billy Joel” and then behind that, put a hyperlink being the web address copied in the previous point.
  7. Now what is critical is that you have another column next to the “wants” search words with the number of matches. Eg. Your search results will tell you how many matches there are. So using the above example, next to “Billy Joel”, you need to add say the number 3 if you have three auctions for “Billy Joel” CD’s. Once you’ve built your page and you list a pile of new CD’s, you need to work through your web page searches and update the number of matches.

The last point above is the critical part to the process. A page with merely a list of “searches” is not going to enthuse your buyers. In fact, they’ll get annoyed. But if they can see at a glance, that you have three CD’s of “Billy Joel” items, ten CD’s of “U2″, etc. it takes a lot of the hard work out of their searching. The likelihood is they’ll bid on more than one item to combine auction wins. The catch though is that you have to maintain the search web page by updating it after each major listing day. So you need to bring up your web page in the browser, bring up your web page editing software with a copy of that web page in it, and then, after clicking on each link in your browser, update the totals in your editing software. At the end, “beam” up your updated web page to your hosting provider. Check that it is correct.

Step Three – Email your mailing list when you list new items

Once you’ve gone through a major new listing exercise, and updated your searches web page, email your list saying you’ve got this great web page set up (give them the web address) with special links to their interests including total matches. All they have to do is visit the page, scroll down to their interest (sorted alphabetically) and click on the link. Up will pop an eBay search page showing just their matching interests from you as the seller. Always give them a way to be removed from your list.

We’ve started using this technique for my husband’s auctions and he is thrilled at the response and has been getting excellent feedback from his customers. Originally he was individually emailing people matches to their interests but this got impossible to manage as his list grew. The only downside is that occasionally, you’ll find you won’t have any matches to some search interests. Yes it takes a bit of time to set up the initial search page but once that is done, updating the totals is easy. Every now and then, you’ll add a new search from a new “wish list” of one of your customers. I guess some smart bunny will decide to write a bit of software to handle all of this. Let me know if you do as I want a slice of the profits! :-)

Super Tip 1: If you want to be extra clever and earn yourself a bit of extra money, why not join the eBay’s affiliate program and create affiliate links for each of the special search results pages you created in Step Two. For everyone who bids or buys, you’ll get whatever eBay’s current payout is (right now ten cents).

Super Tip 2: Assuming you do Super Tip 1, if you write a bit of content about CD’s around your special search page and get it linked from a few well ranked websites, then you may actually snare some non eBayers (with an interest in music) who join eBay by following one of your links above (and/or you could include a bit of text for “newbies” on your page with a special “join eBay” link). Currently eBay pay $10.00 for each new and active eBay user you generate.

For more great eBay tips like these, be sure to get a copy of eBay PowerSeller Tips and Tricks. It is guaranteed to increase your sales and profits!

 

 

 

Source: Michelle Jansen, copyright © 2004

Increase Your eBay Profits by Selling Internationally

Wednesday, May 4th, 2011
As an Australian eBay buyer and seller, I can conclusively state that if you open your auctions up to international bidders, you will get more bids. This will always translate into a higher sale price, which obviously means more dollars your pocket.

Nothing frustrates me more than wanting to buy something but having the auction state “US bidders only!” It’s plain and simple discrimination and for what reason? I’m still trying to figure that out.

The only foreseeable hurdles are:

  1. Receiving payment. No problemPayPal makes it very easy to accept international payments. Even $US cash is an option (in all our years and thousands of transactions, we’ve only had one or two cash payments go missing). There are other options too, including secure credit card directly.
  2. Higher shipping costs. No problem. 99% of auctions state that the buyer pays shipping. And believe me, as an international bidder, I expect shipping to be more than stated if the item is in a different geographical location from me. Heck, there are many times I’ve purchased items internationally where the postage/shipping has been more than the actual item cost. You might wonder why I’d bother. Simple. The total cost (winning bid plus shipping) is still a bargain to me. As a seller, I work out an international shipping rate based on the highest international rate and disclose that in my auctions. Then, I will inform the winning bidder if it’s a bit cheaper. That way, they are even happier if they save some money unexpectedly.
  3. Extra paperwork. No problem. Use your normal postal service (they require less paperwork than logistics companies like FedEx). Then charge a bit extra for handling. It takes me about 30 seconds to fill in the extra paperwork. This can all be wrapped up in your disclosed shipping cost in the auctions.

You have to remember that items have different values in different parts of the world. An item that might be considered common in your region may be a niche product on the other side of the world. But, if you limit your sales to local ones, you miss out on a HUGE opportunity. I know if I limited my sales to local ones, I simply wouldn’t make anywhere near the same money as I do by opening bids up to the whole world.

I trade under more than one eBay ID and I help my husband out with his eBay sales. Our best sellers are almost always the items we can purchase locally at very attractive prices and sell internationally at high closing bids because overseas people value those items more highly than the locals. This is the whole beauty of eBay – it is an international marketplace – and it still amazes me how many sellers limit their sales opportunities by not taking advantage of that simple fact.

So go international and boost your profits!

For more great tip like these, be sure to get a copy of eBay PowerSeller Tips and Tricks. It is guaranteed to increase your sales and profits!

eBay PowerSeller Tips and Tricks

 

 

 

Source: Michelle Jansen, copyright © 2003

Photographing Your eBay Items – Be Your Own Superhero!

Tuesday, April 26th, 2011
We all know the old adage “A picture is worth a thousand words” – well that’s even more so in an online auction marketplace like eBay. But there are times when a picture is actually worthless. Yes. True.

Occasionally when browsing eBay, I come across items where the photos are just so bad, it makes you wonder why the seller even bothered. And if we are going to use adages, at such times I usually think, “If a job’s worth doing, it’s worth doing properly.” After all, it takes time to add photos.

Now I’m neither an expert photographer nor an image editing expert BUT I do have a few tricks when it comes to getting real nice photos. The idea is to “lift” out the foreground (your item/objects) and replace the background with something else.

Essentially, there are four steps:

  1. Select a well lit area such that the light doesn’t cause lots of shadows down one side of your item/objects;
  2. Use appropriate props (table, chairs, books, etc.) and once positioned, cover these with a plain cloth (such as a white sheet although the color should be in contrast to the items you wish to photograph).
  3. Take your photographs making sure that your item/objects always appear in the centre of the cloth (or at least have some of the cloth all around it/them).
  4. Upload the photographs into your favourite image-editing program (such as Paint Shop), select the background using the software’s selection tool, and either cut out or paint over with your preferred color. I normally use white. You can then either add a nice drop shadow or replace with a completely different background. If you choose to do the latter, then the easiest way is to select the background (which is easy now because it is all one color), invert your selection using the appropriate command from the selection section of your software (you now have just your object/items selected) and then copy and paste into a new file that has your desired background. Eg. It might be a picture of some scenery or a pattern or something else. The key is to have good contrast between your item/objects and the background.

Because there are many different software tools out there, it is hard to get much more specific than the above. But I hope it makes sense. This method effectively borrows from the “blue screen” (or “travelling matte”) effect used in the movie industry.

An often-used example of the “blue screen” effect is Superman flying through the air. The actor is photographed against a blue screen and then the blue screen gets replaced with footage of buildings, sky or whatever makes sense. Superman then appears to be flying in the sky.

You can “polish” the finished result by softening the edges of the foreground objects using appropriate tools within your image editing software. Working in layers and/or channels makes this job easier.

For more great tips like these, be sure to get a copy of eBay PowerSeller Tips and Tricks. It is guaranteed to increase your sales and profits!

 

 

 

Source: Michelle Jansen, copyright © 2004

eBay Auction Management Systems

Saturday, February 14th, 2009

When you first began your eBay business, I’m guessing you used the basic eBay listing form to sell your first item.   However, if you are like me, as sales increased, you soon found that you needed a more powerful auction management system.  At that point, you probably subscribed to Turbo Lister, which is fine if you are only handling small volumes of merchandise. However, if your business grows to the point that you are shipping several items a day from sales made on multiple websites, you need to consider a full featured auction management system.

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Use eBay Keywords To Sell More On eBay

Saturday, January 17th, 2009

Whether you are an eBay newbie or a seasoned Power Seller, these two simple tips can keep you ahead of 90% of your online auction competition.  If you aren’t doing these two things, you can bet you aren’t making the kind money on eBay that you can.

Use Your Keywords in Your Auction Titles

This may seem obvious, but I am amazed when I see people who don’t do it.  More than 70% of eBay buyers use the eBay search feature to find the items they are looking for.  The basic search feature on eBay’s home page or listing page searchese all the auction titles for the keywords you enter.  If you haven’t used keywords that would normally be used by a buyer in your title, you could miss more than 70% of the potential buyers who are looking for your product.

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5 Easy Ways To Lower Your eBay Fees

Saturday, December 13th, 2008

Have you ever wondered if your eBay selling expenses are too high?  Are there ways to reduce them?  Are you doing the things you need to ensure you are not paying more than you should, for your online auctions?

Save Money on eBay Fees

In the current economic slow (melt) down (the housing market falling through the floor, banks failing, companies closings, unemployment rates rising, etc.), it is more important than ever to get a handle on your expenses.   As a small business owner/entrepreneur, one of your jobs… in fact, one of the necessities of remaining in business… is keeping a close eye on your operating costs.

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Free eBay and PayPal Fee Calculators

Sunday, October 19th, 2008

Skip McGrath made a post on his blog recently, recommending a couple of free eBay and PayPal fee calculators.  I thought I would pass them along to you and make one more recommendation.

Sometimes figuring out how much your eBay and PayPal auction fees will cost can be a little confusing.  Knowing the fees in advance is important, since it can help you decide the best (i.e. most profitable) price and format to list an item on eBay.

Fee Calculator

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eBay Desktop

Monday, September 15th, 2008

eBay Desktop is a free software application from eBay that you can install on your own computer. It allows you to do virtually everything you can do on the eBay website and a lot more. eBay Desktop is a great alternative to the eBay website. The application uses Adobe AIR, so it will run on both Windows (XP and Vista) and Mac OS X.

Some of the best features of this snazzy desktop application include, title and description search, browsing, watching and bidding. The software even includes search feeds, item reminders and persistent filters. It automatically syncs with the eBay website in real time, so there is no need to refresh to get updated information. Your recent item cache (listings) and outbid alerts, along with other critical data, are all updated automatically.

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Recommended eBay Wholesale Product Source

Thursday, August 28th, 2008

Today, I would like to tell you about one of the best sources I have found for finding top quality, low priced products you can sell on your eBay auctions for tremendous profits.  Finding eBay hot items at low prices is one of the keys to creating a lucrative business on eBay.  You have several choices, when it comes to acquiring eBay products at rock bottom prices.

  • Drop Shippers
  • Wholesalers
  • Liquidators

In order to acquire your eBay products with the least expense, you must cut out all the middlemen and work directly with the manufacturer or the manufacture’s distributor.  You will need to contact several wholesale sources, in order to identify the company that can supply you with your eBay hot items at the lowest prices.

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Create Attention Grabbing eBay Listings

Tuesday, August 19th, 2008

New eBay sellers often neglect to put enough effort into creating exciting and informative eBay listings.  They think all they need to do is throw up any old auction and visitors will not only come, but bid.  This is just not the case.  The look and feel of your eBay auctions has nearly as much to do with the amount of bids you get, as the item itself.

Auction Bidding

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