Making Money Online With Auctions

Series Article 3

Selling to the highest electronic bidder, if you want to earn some extra income, online auctions sites like eBay are a great way to go. The first thing to remember is that not everything you want to sell, will sell. Conversely, just about anything you can lay your eyes on you can sell on an auction site. One of the great things about eBay is that they have a tool that allows you see what has and has not sold in the recent past. For example you may want to sell gift baskets. You would simply perform an advance search and check the completed listing box. This is a great way to find out what has or has not sold. There are fees associated with selling items, so make sure you read all the fine print before finalizing an items listing. Auction listings can be canceled but only under very specific circumstances. Once the auction has completed, typically the buyer pays for the shipping which is included in the sale price and the seller is responsible for shipping the item to the buyer. If the item is not as described or arrives damaged there are several options the buyer can use to rectify the situation. It’s best to maintain a good ‘reputation’ as most auction sites utilize a ranking method to track the amount of unhappy customers any single seller creates. Often, the success of any individual seller is either due to the reputation of that seller or the language used in the auction copy. Persuasive language is amazingly important to successful selling in any venue.

Other top auction sites are;

Overstock

Overstock has allot of traffic numbers and a Verified Registered User policy that has prevented fraud from Day 1 (are you listening eBay?). Fees are value for money and the site fosters a tight community.  Verified payment options, Google Checkout and O-Auctions Checkout are two of the additional options available here. Interestingly, jewelry sells especially well on Overstock. The bad news is it’s only available to US residents, although a UK version is set to be released sometime soon.

eBid

Since it;s launch in 1999, eBid has consistently kept its place as one of the top alternatives to eBay. Available in 14 countries, traffic does vary between sites, but in general, traffic is high and continuing to rise.  The biggest attraction for eBid sellers is the no listing fees policy. This makes a huge difference to your profit margins so you simply don’t need to sell as much as on eBay to get the same return. Other cool features include the ability to open up to 5 eBid stores  at once (great for sellers in several different niches), and the ability to list using barcodes and prefilled information for books, DVDs, CDs and video games, which makes for super-quick bulk listing.

BlueJay

BlueJay is extremely popular with sellers and buyers for a very good reason, it’s 100% free and submits all listings to Google shopping, from which the majority of buyers come. It’s well designed and very user-friendly, coming complete with free online stores for all sellers.

eCrater

eCrater is free and submits to Google Shopping. Although the design leaves a bit to be desired, many sellers swear they get more sales from eCrater than any other auction site because of its great placement in Google searches.

Online Auction

Online Auction has one low monthly fee with no listing or final value fees. However, as part of the latest site upgrade, sellers can pay $10 to get their auctions “featured” on Google shopping.  In general, liquidation items and low-end stuff seems to sell better here than high-end designer items.

CQOut

CQOut’s fees are significantly lower than eBay and if you don’t make a sale, you don’t need to pay anything. The site suffers from a lack of community and the somewhat harsh feedback policy of ‘3 strikes and you’re out’.

Other auction sites include;

• BuyItSellIt.com
• Amazon.com
• WeBidz
• Auction-Warehouse
• ePier
• Auctionweiser

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