How to take advantage of 1 day auction listing on ebay
Ebay recently introduced a new feature called 1 day listing that
is extremely useful for ebay sellers. Contrary to the belief of
many sellers, a one day listing can generate far more profits
than a long 10 day auction listing.
To understand how to take advantage of this, you first need to
understand the mentality of the average buying ebayer. Most
buyers visiting ebay are looking for a deal. Once they locate
it, they will bid for it and will want to know the result of
their bid immediately. If they are the winner of an auction,
they want to have the product immediately. Most buyers on ebay
usually buy on impulse rather than logic
Therefore as a seller, it is much better to place a one day
auction so you can impose a sort of time period on your buyers.
Your potential buyers will also realize this and will compel
them to take action by bidding and maybe even start a frenzy
bidding war!
So when should you offer a 1-day auction?
* You are selling a high volume, low profit margin item
* You are selling time sensitive items such as concert tickets,
seminars, movie tickets etc.
* You are selling intangible products such as e-books or
software. Since your inventory cost is virtually nil, the more
e-books or software you sell, the more profit you make
* If you want to attract buyers doing last minute shopping
during the holiday season. Schedule your auction as close to the
holiday period as possible.
With these suggestions, I hope it gives you some ideas on how to
take advantage of this opportunity ebay has presented to all
sellers.
About the author:
Dan Lim is an ebay powerseller who has been buying and selling
on ebay for over 5 years. Sign up for his
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