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October 14th, 2008

When my sons were growing up they started playing hockey when they were 6 years old. Each of them, in their first year, scored more goals than the rest of their team combined. How did they do this?

Have you ever seen a hockey game between two teams of 6 year olds? The puck is like a magnet to them. Where ever the puck goes they follow like a swarm of bees. The game is one mass of young kids all clustered around the puck, pushing and shoving each other. It’s like a rugby scrum.

The result of this is that usually the puck squirts out of the mass of bodies, slides 10 or 15 feet down the ice, and stops. A few seconds later the mass of bodies descends on it and the process starts all over again.

So how did both my sons score so many goals?

It wasn’t hard to score in those games - if you could get the puck near the net. The goalie was just one of the kids, and he or she was just waiting their turn to join in the scrum.

On the way to the rink for each game I reminded my sons to stay away from all the other players. I would tell them when everyone gets in a clump around the puck, don’t go near them. Be different. Stay about 10-15 feet away from everyone else and when the puck pops out, go get it, skate to the net and shoot.

Many times my son’s team would win by a score like 12 to 0 and he’d scored all 12 goals. Actually, in one game the score ended up 9 to 1 and my son scored all 10 goals (at age 6 it’s pretty easy to get turned around and go in the wrong direction at times).

That same advice can help you become more successful in your auction business - BE DIFFERENT!!

As eBay and the other auction sites grow, it becomes easier and easier to become lost in the crowd. Where there used to be 13 Elvis Presley “Blue Hawaii” 45’s available at any given time, now there are 78. That hard to find Doric depression glass covered serving dish the used to appear once every 4-5 weeks now goes looking for bidders. Not that long ago there were just a few sellers offering digital cameras. Now it seems as if everyone is getting into the act.

If you are going to survive and succeed on eBay you need to stand out from the rest of the auction crowd. How do you do that?

1. Be more knowledgeable than your competition

If you want to stand out, seek more knowledge. Actually this applies to all areas of your life, not just your auction business.

There are all kinds of great sources of information floating around - both on-line and offline. All it takes is just a little time and effort, and you can get a lot of useful information.

If you sell pottery, it’s not hard to become more knowledgeable about Rosemeade Pottery than 99% of the other people selling it. Let that knowledge show in your item descriptions and you will soon have a devoted following of bidders looking for your auctions.

The more knowledge you acquire, the more successful you will be.

2. Look down the road

Obviously, we all want and need to make money this week, this month. But, to insure your continued success, it’s just as important to be continually building your business for tomorrow.

Build a list and use it. At the very minimum, your About Me Page (you do have one, right?)should have a way for buyers and potential buyers to add their name to your list.
I collect aspirin tins. I also sell a lot of them on eBay. Over time, I’ve built a list of other aspirin tin collectors. Every two months or so, I send out a newsletter with 1 or 2 articled about these little tins along with a recap of the harder to find ones that have appeared on eBay and the prices they sold for.

This is just one of 11 different lists of buyers I maintain. With a little thought you can come up with a way to use your list, in an unobtrusive manner, that will benefit both you and your customers.

3. Blow your own horn

Don’t be shy. Look for ways to place your name in front of as many customers and potential customers as possible. You will find this is probably the most beneficial step you can take to insure your success.

If you sell antique windup toys, write a monthly or bimonthly newsletter about them (you’re building a list, remember?). If you offer a quality newsletter about windup toys, your name will become associated with them.

If I sold used children’s clothing I’d do a little research and come up with the three most effective ways to get grass stains out of clothing. Then, with every package I shipped I’d include an insert with this information on it along with my name, address, eBay user name, web site address, and a link where they could add their name to my list.

If you were a young mother looking for good buys on clothing for your children would they remember me? Would you seek out my auctions in the future?

There are numerous ways you can promote yourself. Write articles for collector ezines, a quality newsletter and web site with valuable information, develop a e-mail course, No matter what you sell, you should be able to come up with several different ways to put your name in front of your buyers and keep it there.

4. Follow the Golden Rule

The auction process should be fun - a win/win situation for both the buyer and the seller.

Unfortunately, way too many sellers look at each of their auctions as individual battles to be won. They treat every bidder as if he or she were the enemy.

It may seem like there are an unlimited supply of bidders out there, but there isn’t. Believe me, bidders do communicate among themselves. I communicate with several groups of bidders (some several hundred people strong) with similar interests.

Be obnoxious or rude with one of these and you haven’t just lost one potential customer in the future, you’ve lost several hundred. You can’t do that too many times and remain in business.

Conduct your business with class. Have fun. Enjoy the people you deal with. Your life and their will be enriched many fold. It takes time and work to build a good reputation. Putting your name in a bad light can tarnish or ruin that reputation forever.

Treat every customer with honesty, respect, and friendliness. Isn’t that the way you’d want to be treated?

Gary Hendrickson has been making his living selling on eBay for more than six years. He’s the author of two eBay related ebooks, has a blog for eBay sellers, and is the owner of ColdItems.Com.

ColdItems.Com
The Auction Rebel Blog

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October 10th, 2008

eBay’s ‘Want It Now’ format has one feature in common with genuine Reverse Auctions, namely that potential buyers post details of items they’d like to buy and wait for sellers to respond with suitable offers.

But that’s where the similarity ends because genuine reverse auctions have additional features:

* In a reverse auction prices keep on going down, not up.

* Suppliers compete against one another by reducing their prices until no one is prepared to go lower. That person is usually the winner and gets to sell his stock to the person who placed the ad.

* Reverse auctions work much like items sold on tender where companies requiring goods or services invite offers from suppliers. All things being equal the lowest bidder wins the contract. But unlike the tender system, with bids normally left in sealed envelopes until the offer deadline expires and each supplier can bid just once, in reverse auctions all bids are visible and suppliers can continue bidding against one another until the lowest price is achieved.

There is a downside to reverse auctions in that suppliers might get caught in a bidding frenzy in the same way buyers do in traditional auctions, and end up pricing themselves too low and actually losing money. The same could apply using eBay’s ‘Want It Now’ feature, where it’s common to see several seller responses and some sellers making regular repeat offers at lower prices to eventually win the sale.

Want It Now is a great way to find customers fast but like reverse auctions there are problems to contemplate.

Take your time with this new concept, study people placing and responding to posts, learn from their experience and incorporate this new medium slowly into your business

Avril Harper is a triple eBay PowerSeller and editor of eBay Confidential and webmaster of http://www.publishingcircles.com. She has produced a free guide - 103 POWERSELLER TIPS - which you can download with other freely distributable reports and ebooks at http://www.toppco.com

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August 12th, 2008

Selling an item on eBay should be simple but it is surprising how many people make some very silly mistakes.

As a buyer this is fantastic, you can pick up some absolute bargains by finding poorly listed items. However, if you are a seller you need to ensure that every item you put on eBay will be found and therefore have a better chance of commanding a high price.

Your auction title is really the most important part of your auction, after all, it is this feature which attracts buyers to view your description.

You have 55 characters to use to attract the bidders, try and use all of them - it is free and the more relevant keywords you can add, the more search results your auction will end up in.

For example:

A listing with the title:
“Band of Brothers Region 2 - 6 DVDs - UK Version - Mint”

is likely to receive a great deal more interest than one with the following title:

“band of brothers dvd”

Also, try and avoid writing the entire title in capitals or using unrelated words like “L@@K” and “W@W”. This simply annoys other eBay users and is not good netiquette.

Never keyword spam either. You see this all of the time on eBay, sellers add unrelated keywords to the title so their auction lands in more search results.

The problem is that these keywords won’t attract more bids but simply attract users who are searching for something else entirely.

If you list an auction for a Playstation 2 but use the title “Playstation 2 not Xbox not Nintendo” it will attract people who are not looking for a Playstation 2. Quite simply, people who are not looking for a PS2 will not buy one.

Your time would be better served adding more relevant keywords to the title. “Sony Playstation 2 (PS2) - Mint in Box - No Reserve” is a much better title.

Where possible, try and include descriptive keywords to attract bidders. Some good examples are the following:

Rare, Mint, OOP (Out of Print), Low P&P, No Reserve or NR, Low Starting Price, 1p Starting Bid, Brand New etc

Ensure you spell check your title before you list it. This is easy to do if you write the title in Microsoft Word first. If you spell an important keyword incorrectly you will miss out on a lot of potential bidders.

To make the title look more attractive, add a capital to the front of every major keyword.

“Microsoft Xbox - Mint in Box with 4 Games - No Reserve”

looks more attractive and stands out more than

“microsoft xbox - mint in box with 4 games - no reserve”

If you are unsure of the best way to write your title, try searching for the same item under Completed Listings and see how others have done it before.

If their auctions have commanded high winning bids then their titles have worked.

Don’t be afraid to copy them.

Ben Catt is an active eBay buyer and seller and runs an eBay Tips and Tricks website found at http://www.BenCatt.com.
He also runs a business opportunity information site - http://www.BizOppsUK.com

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