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December 09, 2006

When You Need Extra Cash, Ebay Fits The Bill

By Barbara Gibson

We all have items in our closets and stuffed in drawers that we
no longer have a use for. Some of us use our free time to
manufacture craft items that we give to our friends and
families for gifts, and still others of us buy candles and
other items in bulk to sell to family and co workers for a
little extra cash. Anyone with something that they no longer
need or want to sell has options to help create a little more
cash flow. EBay is an online community providing auction
services for buyers and sellers of just about everything. The
question remains, though, how to utilize this website in the
best way to make the most money?

The first thing to consider is what you want to sell. Looking
over your items, would it be better to sell them off one item
at a time, or to sell a bulk lot at some discount from the
individual cost of the items. Another thing to consider is if
you want to use the buy it now option. This allows someone to
pay a preset price for the item, if there have not been any
other bids, and avoid the auction proceedings. If you have
multiple items, do you want to spend the cost for multiple
listings, or do a dutch auction, where there are multiple items
that are sold for a set bid price? This allows multiple people
to get the items from the same auction.

The next thing to look at is who is offering the same items
that you are. Searching for items brings up a listing, and this
allows you to see what type of descriptions and advertisements
get the bids, and which ones do not work. This will allow you
to make sure that your descriptions are written to make the
most of the space available.

Looking into how many people are offering items similar to
yours also helps when deciding how to market your items.
Consideration needs to be made to starting bid range, how much
the winning bids were, and how the items were offered. Looking
into these things allows you to price your items low enough to
get bids, but still high enough to prevent losing money.

About the Author: Barbara Gibson publishes monthly for
http://CreditUnionRate.com The Leading Credit Union Directory
Search, Find, Join.

Source: http://www.isnare.com

Posted by Dave Bromley at December 9, 2006 09:31 AM