Tuesday, 8 April 2014

How to Get Maximum Ebay Prices

You know I'm addicted to eBay.  Well, I'm addicted to the trickle of pennies flowing in.  I know a lot of people are put off ebay because they don't feel it's worth the time or slight money investment. 

So here's my top 5 ways to increase your chances of getting higher bids.

1.  Good Photos.  Have a staged place to take your photos.  A white background with light on the item works well.

2.  Low Start Price.  Sounds crazy but you need people to put that initial bid in to get things going.  People will bid a quid without much consideration, they will not bid £4.99 without a thought.

3.  Time the Auction.  Depending on what the item is, your end time can have a massive impact on the number and speed of the bids.  If you can get just two people battling it out for your item, you will get a better price.  Consider your target market.  Lego will do well ending on a Saturday tea time when the kids are watching it and pestering mum and dad.  End the auction at 11pm and no one will be watching.  However, if you're selling a fashion item, end that around 9.30 on a Thursday when fashionistas will be ebaying for next weekends outfit.

4.  Tell Everyone!! Each listing has the option to share.  I'm sure those that follow me on Twitter are sick of me posting what I'm selling, but don't forget the search facility on Twitter.  If I tweet I am selling #lego, anyone interested in lego will see my tweet promoting my item.

5.  State the Obvious.  If it's new, unused or an unwanted gift - say so.  If it's from a smoke and pet free home, this makes a massive difference.  Tell people what your item is good for.  Tell them who would love it as a gift.  Say how quick you'll post it and point out your good feedback record.  And remember, ebay has an amazingly good page rank when you google an item you are wanting to buy, and who wouldn't buy brand new but at a discount price?!

So have a go!  Just remember when you are pricing your item to consider the listing fee, the percentage ebay will take, the paypal fees and the postage charges if you're offering free postage.  I work on everything selling for a quid plus fees then anything on top of that is a bonus.

Tweet me @Claire_Sheehan if you are selling and I'll RT for you.

Oh!  Here's a bonus tip Free Postage incorporate the postage fees into your price and you'll get more bids as we all love free postage.  I work on items under a kilo being £2.60 second class, but postage scales are cheap and there's loads of online post label services that can give you the price.

Go on!!  Clear your clutter and make a few quid!  It all goes to your major financial goal.  My mortgage is shrinking thanks to ebay and my house is becoming less cluttered.  Win Win!!

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