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September 19th, 2008

Am I the only person who doesn’t know what a 3 minute auction is? Looking for fresh content for my site, I discover that “minute auction,” or even a 5, 10 and 30 minute auction is a popular item. Some auction sites may refer to a minute auction as a “Live Bid.” The “minute auction” or “3 minute auction” actually comes the closest to duplicating the excitement (and anxiety) of a real auction. No, it is not the same as an Ebay minute auction.

I will give the example of Bidz.com. Bidz.com uses Flash technology to constantly update in real-time auction bids right before your very eyes! The price goes up, up, up and the time clicks away … down, down, down!. Add flashing green highlights for added new bids and red flashing for the ominous approaching 0 minute and to say the least, it is quite thrilling.

On the Bidz home page, there is a link that says 3-minute auctions. This is a separate category all by itself. If you click that link you are taken to the 3 minute auctions, usually consisting of jewelry. (Note: See end of article for “The 3 minute auction - too good to be true?”)

A word of caution: It takes a little finesse to bid at these fast-paced auctions - and I mean FAST! You must be EXTREMELY CAREFUL when bidding. The highest bid I came across on my visit was for $1500. My advice would be to practice on the dollar starting bids. Bids quickly escalate to $15 and $30. In the words of BidZ:

“If you are bidding on items in the 3 Minute Auctions category, you will not be notified if you are outbid. These auctions move very quickly, so you have to monitor your winning bids very carefully.”

Back on the 3 minute auction page of BidZ, what do you see? >From left to right: the product picture, the item number, title, price, bids, and time left. The “bids” and the “time left” are where the auction action is at. But just as its nearing 0 minutes left, it jumps up to more time left - what gives? According to Bidz.com:

“If the bid is placed during the last minute of an auction, the auction will be automatically extended for an additional 1 minute from the time of the latest bid. The auction will close once all bidding has stopped for a period of 1 minute.”

OK - I decide I am going to get in on this action. Registering is free (username must be a combo of numbers and letters). I have to click on the picture to go to the listing to actually bid according to Bidz.com directions below:

1) Simply use the “plus” and “minus” graphic keys to select the amount you would like to bid. The amount of the next bid is automatically one dollar more than the current bid. If you only want to place a one dollar bid, you can just click the Bid button without any adjustments.

2) Click the bid graphic button to register your bid. PROBLEM: I click the Bid! button and then find out I have to register my credit card in order to bid - but they didn’t tell me that when I was registering (even though I quite expected it).

Another problem I encounter is a sluggish modem. By the time I reach the listing page and the picture and bid button loads, the auction can be over (sigh…).

Its not hard to become giddy over the amazing deals of a 3 minute auction…too good to be true? 3 minute auctions “typically offer expensive items, such as Cartier watches, Beanie Babies, computers, and cars at prices that are low enough to dull the scam alarm in most people.”

This was taken from an auction fraud article. The same article reports that the Federal Trade Commission has identified a scam email that includes “Live 3 minute auctions” in the subject line. See the details of the 3 minute auction scam at www.chiff.com/a/fSCAMauc.htm

For a list of minute-auction websites, refer to: The 3 minute auction list http://shmyl.com/dpzison

My final words: The 3 minute auction and minute auction are the epitome of auction entertainment. So pop some popcorn, invite some friends over, and have yourself some Friday night auction fun!

About The Author

Renee Matt maintains AuctionTongue.com, a review site of auction tool, free auction templates, auction software, auction sniper and image hosting services. AT focuses on auction websites outside of Ebay. Sign up for their FREE Auction Freebies newsletter: http://www.auctiontongue.com/; renee@auctiontongue.com

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August 3rd, 2008

Why is it that some artists seem to make easy money on eBay while
others struggle to break even? Seller A and seller B could be selling paintings of the same calibre, yet seller A turns a good profit year in year out and has Powerseller status, while seller B struggles to even make a profit at all. Often it has a lot to do with the look of their auction listings.

I have been selling my original artwork on eBay for 5 years now and boy was I green when I started off. I didn’t own a digital camera - I used an ordinary camera with film … you know that old stuff … I would take photos of my artwork, then tramp into town, wait three days for the film to be developed, then scan the prints into my computer. The quality of my photos were obviously pretty poor in those days.

I didn’t know anything about HTML, templates, how and when to list to get optimum benefit from my auctions. It’s a wonder I even got off the ground! But get off the ground I did - though dogged persistence and a willingness to learn, I went from selling paintings for a couple of pounds/dollars, to earning a good full time living. These days I am a Powerseller and often get hundreds for my paintings.

So, here are my top tips to make your art auctions stand out and
promote you from part - time pin money earner to top seller;

1; Think about KISS …. Keep It Simple Stupid! A listing that has lots of different colours, fonts, animated pictures, text in capitals can be very confusing for the reader. Don’t bombard people with too much information.

2; Be factual in your description. If your item has a fault - list it. This way a buyer knows exactly what he/she is getting and there will be no negative feedback later. I have sold paintings that had repairs where they had had small rips in them. I was honest in the fact that the paintings weren’t perfect, but my buyers were perfectly happy because they knew beforehand what they were buying.

3; Never be negative. Recently one artist who was struggling to sell anything at all (despite being a very good artist) complained how eBay just wasn’t working for him. After looking at his auctions I could see why! His listings were basic to say the least, but he could have gotten away with that. What was stopping any chance of him selling were the words at the end of his auction;

“The artist is unwilling to offer this item at a lower
starting price as to do so would be insulting.”

Potential buyers might look at this statement and think “well I wouldn’t want to insult anyone” or “well if you feel insulted, why list it?” and click away … to someone else’s paintings. Comments like this are far too negative.

4; When selling art, a picture paints a thousand words, as the saying goes. Try to make your pictures as high quality as possible. Include side views of your canvasses and possibly a room view. Don’t clutter your listing with pictures of other artwork you have for sale - it’s just confusing. If you have an eBay store, you will get automatic ‘cross promotion’ for several other items at the end of your auction anyway.

5; Don’t undersell yourself / under price your work. Who takes 5 to 10 pounds / dollars as an opening bid price seriously? Only very well known, well established artists with large fan bases can get away with starting a listing so low. Until you are established, don’t risk selling your art for pennies. You’ll
not even cover your listing fees, never mind make a profit.

6; Utilise keywords effectively. I saw a pencil drawing of a mum and baby Koala in a tree listed as “A mother’s Love Original Pencil Drawing” Unfortunately, it is very unlikely that anyone will search “a”, “mothers”, or “love”. Well maybe love …. but not in the context of an original drawing of an animal. The seller was wasting a lot of keyword space there. Better would have been something like “Original Contemporary Drawing Sketch
Koala Bear Bears” Doesn’t mean much as a sentence in itself, but it is packed with keywords, people might use to find that type of item.

7; Offer excellent customer service. I have always prided myself on the number of positive feedbacks I have attained over the years. On various eBay IDs I have well over 1000 unique positive feedbacks. This is money in the bank! A happy customer will come back again and again, and it is much easier to sell to an existing customer than to gain a new one. Keep your buyers happy and they will reward you with loyalty and repeat purchases.

8; Have a ‘ME’ page. With art buying, people like to know who they are buying from. They like to ‘get to know’ the artist. If you can offer a small biography and artists statement on your me page, your potential buyer can feel like they already know you. I have a bio, a photo of myself with my artwork and a recent article that appeared in a regional arts and culture magazine. This allows buyers to see a friendly face - yours - and to feel
like they know a little about you and ‘where you’re at’ before they buy.

I hope these tips help you a with your eBay art career. There’s loads more I could add, but eBay is a real learning curve. Often success comes simply though experience and trying different thing until you find something that works for you. The above tips, however, will get you off to a good start to becoming a successful eBay art seller.

Gail Miller is a professional artist whose wild funky artwork
is a visual feast of line, colour and fun. Visit her brand new
updated website at http://www.gailmiller.com or her
eBay store at http://stores.ebay.co.uk/painttillyoufaint

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July 7th, 2008

You can find good deals on almost everything you need on internet auction sites. There is almost nothing that you can’t find over the internet. You can find great deals on Avon collectables, collectable toys, sports memorabilia, or anything else that you can think of on auction sites such as ebay.com and ubid.com.

Most people think of eBay when they think of online auctions, but Ubid has everything that you could need in an internet auction website. There are many things that you can find on Ubid that you can’t find using traditional stores.

You can find out of stock items, specialty collectables or many other items on websites such as Ubid, eBay and Yahoo Auctions. The advantage of sites such as these is that you’re fairly assured of getting the fair market value for your items. This is good for both the buyer and the seller.

These types of websites can sell items for you that are hard to sell outside of an internet website. If you have a lot of items to sell, but can’t afford a storefront, don’t want to sell items on consignment, or live in a smaller community, you can make a lot of great deals selling your items in online auctions.

You Can Sell Your Items on Ubid

Many different types of items are sold on Ubid and eBay. Collectables generally do very well on Ubid. Many collectors watch the internet websites for great auctions. You can also find deals on anything you need on eBay or Ubid.

There are some differences from one auction site to another, so if you’re used to eBay it pays to spend a little time getting to know the way the other sites work. For example, Yahoo Auctions automatically extends the ending time of an auction if there is a bid in the last couple of minutes. This prevents last-second sniping like you often see on eBay.

John Lenaghan writes about eBay and other online auctions for the Online Auction Advisor website, where he writes about things such as dropshippers, how to make money on eBay and many other auction-related topics.

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