Released on: March 5, 2008, 9:00 am

Press Release Author: For more Free Resources www.googleatmcash.com

Industry: Internet & Online

Press Release Summary: Internet auctions are relatively new having been around since
the mid 1990\'s. There are several Internet auctions including Yahoo Auctions and
UBid. But of course the undisputed king of Internet auctions is EBay. EBay has over
40 million registered users making it one of the top 10 most visited websites in the
world.

Press Release Body: Internet auctions are relatively new having been around since
the mid 1990\'s. There are several Internet auctions including Yahoo Auctions and
UBid. But of course the undisputed king of Internet auctions is EBay. EBay has over
40 million registered users making it one of the top 10 most visited websites in the
world.

I discovered EBay way back in 1998. At first, I was strictly a buyer. I was amazed
at the thousands of items that could be found on EBay. Just about anything you can
imagine can be found on EBay. And there were more incredible bargains to be found
than at any other ecommerce website or brick and mortar store I had ever visited.
After about six months or so of buying, I began selling items on EBay. I had an
extensive collection of un-built as well as built plastic model cars. I began
placing the models on EBay with starting bids of $5.00 and no reserve. To my
surprise, people started jumping all over these model kits. Some of them sold for as
high as $70.00. It was at this time that I realized the enormous money making
potential of EBay. The key to being a successful seller on EBay is selling items
that people want. There are a number of eBooks on Internet auctions that tell of the
importance of a great headline and a killer ad for your auction. While this is true,
it is also important to remember that the best ad in the world will never sell an
item that no one wants. The items that do well on EBay are unique or interesting
items. Antiques, pottery, collectables and high-end apparel are just a few of the
items that will bring high bids on EBay. If you can easily find the item at
Wal-Mart, chances are it will not do well on EBay.

There are a number of wholesalers around the country that you can buy merchandise
from to sell on EBay. But before you buy, do your homework. It\'s very tempting to
buy a bunch of electronic widgets that sell for $2.00 a piece. You might think you
can buy 20 of the $2.00 widgets and then sell them for $12.00 a piece on EBay and
make a killing. Unfortunately, you discover that no one is bidding on your widgets
despite the fact that you have started the bidding at a mere $6.00. In fact, there
are very few people that are even viewing your auctions. The end result is you are
now stuck with 20 widgets that no one wants. The first mistake here was not doing a
search of widgets on EBay to find out if they\'re hot or not. The second mistake was
trying to sell an electronic item. Yes, I know there is a huge market for electronic
gadgets. That\'s the problem; the market is too huge. It is already saturated. How
many times a day is you bombarded with offers for the latest and greatest cell phone
or digital camera? If you try to sell in this market on EBay, you\'re encroaching on
Best Buy\'s turf, which means you\'ll be smashed like a bug. On the other hand, how
many offers do you receive for NASCAR collectibles or Gucci shoes? Or how about die
cast models? These are the hot items on EBay. These are in demand items and more
importantly you can sell these items without competing against Wal-Mart and Best
Buy.

If you\'re new to EBay, the first thing you need to do is to build positive feedback.
Feedback is vital to your success on EBay. Potential buyers will read your feedback
in order to determine if you\'re an honest seller. If you have high numbers of
negative feedback, many buyers will look elsewhere. Take a look at some of the EBay
Power Sellers feedback. Many of them have feedback in the thousands with a rating of
over 99% positive. It\'s no secret how these Power Sellers became successful on EBay.
They take care of their customers. This means they\'ll have plenty of repeat
business.

When you first sign up with EBay, you\'ll have zero feedback. Most buyers will shy
away from an EBay newbie with zero or very low feedback. Start building your
feedback rating by selling personal items from around the house that you no longer
want. This is a good way to get the feel of using EBay and to build positive
feedback. You should invest in a good digital camera. Good clear pictures are an
important selling feature on EBay. Remember to describe your items accurately and
honestly. Do not try to trick or deceive buyers in any way. You can\'t afford
receiving negative feedback this early in the game.

I came across a perfect example of a deceptive seller on EBay a while back. The
seller had sold a pair of slightly used shocks for a 2003 Chevy pickup. He used
EBay's Buy-It-Now feature to sell the shocks for just one cent. Wow! What an
incredible deal! But wait a minute. The unwary buyer forgot to read the entire
auction. The shipping charges were a whopping 60 bucks! The result was a pissed off
buyer and negative feedback for the seller. This was an obvious attempt on the part
of the seller to make money on the shipping costs. He was banking on the fact that
the buyer would not read the entire auction and would simply assume the shipping
charges would be reasonable. Do not use deception in your auctions or try to make
money on shipping costs. If you treat your customers the way you expect to be
treated you will never go wrong and you\'ll be well on your way to building a
reputation as an honest top-notch seller.

If you happen to get a few non-paying bidders, resist the temptation to leave
negative feedback for these individuals. Leaving negative feedback will only result
in possible retaliation by the non-paying bidder and negative feedback for you. Once
again, you do not want any negative feedback this early in the game. Buying items
off of EBay is another great way to build positive feedback. When you win an
auction, pay for the item promptly. The result will be positive feedback for you.
Most buyers will not care whether your feedback came as a result of buying or
selling as long as it\'s positive.

After you\'ve built a feedback rating of least 25, you\'ll be ready to start
purchasing wholesale merchandise to sell on EBay. Remember what I said about doing
your homework before buying merchandise. If you have your eye on a particular item
you think might sell on EBay, first do a search of that item on EBay to find out
what people are bidding if anything on the item. If it looks hot, at least 7 or 8
bids, then it\'s probably a good bet. If it doesn\'t appear to be getting many bids,
you should steer clear. You can also do an advanced search for auctions that have
already ended. It\'s a great way to find out the final bid price for a particular
item. A few extra minutes of research can save you from a giant headache down the
road.


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