Take Advantage of Mistake that Auction Seller Made

by Eng

Now one of the most fun and most profitable auctions you can find is misspelled items. You might be able to get a tidy profit of $50 or $70 dollars easily by searching for items that auction seller make mistake in placing their ad. One man lost is another man gain and that's the name of the game. I have done a research on ebay for a while, and you can find it happen almost everyday. I have seen a branded camcorder being sold X amount , less 30% the average selling price of similar items. Imagine you re-list it immediately and sold it for a 30% profit margin without paying for shipping!! Let's try it now and type camcoder or camcodar or anything you can think of and search through Ebay. I am sure you can get some results. You can also try Ebay UK or other auction house you might get something out of it. So how can we profit from that? First of all misspell item get less page views, less views means less bid, less bids means low selling price. If there is a bid on one misspell item, do not jump in and throw a bid, that is true even if the item is spelled correctly. Just watch the item patiently for few days and post a bid when it comes to an end. However if the starting bid is $1 and nobody has bid, you can put in the next bidding price to" lock "the auction. You are not allowed to edit or cancel your auction once there is a bid. Next click on the Watch this item on ebay which is on the top right corner, check back occasionally to see how many people have bid the item and some auctions have a page counter to see how many buyer have check the item so you have rough gauge on how many bidders to expect. Do a research on the item you have watched, scan through the listings in ebay. One nice option you can find is the Add Note features it can be found in My Ebay and those items that you have just added is listed according to Time Ending or depend on how you categorize it. Remember that you get more accurate results if you key in the item in the searched box and check the Completed Listings Only, reasons being that on going auctions prices might increase as time goes by so data you have collected is not up to date. Look hard at the completed listings, make a note on how much buyers is willing to spend on this item. For example a branded sunglass was sold for between $140 to $160 so on averages the closing price is $150. Make a note to the misspelled item like" Sold for $150 "or "Highest bidder was $160 ", this is so important as it let you check back before the item ends and see if the auction has reached the price limit you have set on it or there are still rooms for profits. Honestly speaking, there will be some people beside you who have the same thinking as you, looking for bargains in Ebay. So preferably wait till the auction is coming to an end and bid at the last hour, remember activity breeds activities you do not want this to happen as the trick is to get less bid if possible. There are tools on the net which can help to do the jobs for you. Email me if you are interested, I will share with you what I have found or you can get access to http://www.monaky.com for wide range of auctions tools and information. Free download of auctions resource in the form of e-books for easy reading. About the author: Join the mailing list at http://www.monaky.com you can get free download of auction tools and resource ebook.

Tips on internet auction titles

by Shawn Sellen

With the millions of auctions that are on eBay and the thousands of similar products, you have to find a way to set yours apart from the others. You can spend extra money on listing features, but this cuts into your profits. One thing you can do that costs nothing is to have a good title. Remember that when a potential buyer is looking for something specific they will type in their search just like you would a search engine looking for websites of your interest. It is important to have a good title that will contain the keywords of what you are selling. Let's say you are selling a Widget Plus. You would want to make sure that in the title contained both the words widget and plus. The word plus in the product would indicate that the widget plus is an upgrade from the original widget. You also want your potential buyers to know that you have a widget plus and not just a plain widget. I will show a few examples of less than desirable titles: Cheapest Widgets on eBay! (Are they really? It does not have all of the keywords. Too cliché.) ***Widget Plus*** (It has the full name of the product, but the added asterisks to draw attention are annoying) WIDGET PLUS! (This one is similar to the one above. This is like yelling, very annoying.) Keep in mind that your intention is to draw a potential buyers eye without looking cheesy or cliché. In my opinion the best way to do this is the direct approach. Use a title that is professional sounding. When you use a format like this you are showing your potential buyers that you are confident in your product and describing it accurately without having to "pad" it with annoying font tactics. Here are a few examples of good tittles: Widget Plus. Unopened Widget. (What I did here was indicate the product I had and that it was still in the box. This is Important to state in the title if you have an unused product on auction. Buyers will want to see what kind of deal they can get on a new one. I also indicated just widget at the end instead of widget plus to catch the potential buyers that just typed widget in the search box. Widget Plus. Like New Widget. NR! (I did the same as above except that it is a slightly used widget in excellent shape. I also indicated that I have no reserve on this auction. Most eBayers dislike reserve auctions because they feel like they are not getting a deal. Make sure you are accurate in your description. Do not indicate that your item is in better shape than it actually is. I always capitalize the first letter of each word. I believe that this draws attention without looking like the all caps example above. If you use an abbreviation like NR, make sure it is in caps. Nr just does not look good. The exclamation point on the end of this title is totally acceptable because if the widget plus is a good item NR! Is indicating a special deal. Widget Plus. Free Shipping On Widget! (If you are able to, free shipping is a good way to attract potential buyers. If you have an accessory to throw in for free by all means do. This is also a great way to draw potential buyers. Make sure you watch your cost on the freebies, you don't want to lose money. Tittles are one of the most important things in an eBay listing. If they are done properly you can increase the number of potential buyers that will stop and take a look at your auction. If the title looks like the title to a spam email the buyers will go on to the next seller. In the competitive world of eBay you have to use the best title possible to bring the eyes of the buyers to your auction and not another seller. Author information: Shawn Sellen is the owner of http://www.auctionreel.com/ An Internet auction information website that also offers free downloads. About the author: Author information: Shawn Sellen is the owner of http://www.auctionreel.com/ An Internet auction information website that also offers free downloads.

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