Online auctions continue to grow in popularity as an easy and
efficient way to make money on everything from unwanted
household items to rare and expensive collectables and even to
bulky items like cars.
Log on to eBay and you will see countless auctions on any item
you can imagine. As eBay auctions grow in popularity, it becomes
harder to make money with your auction because it often gets
buried or overlooked with all the competing auctions in the same
category. Therefore, to make money on your auction, it is
important to set your auction apart and avoid common eBay
auction mistakes. Here are 3 important areas that you must take
note of:
1. Wrong product category or product category not specific
enough. Not doing enough research. As it is relatively simple
and inexpensive to auction an item, many sellers simply do not
put in enough effort researching the market. The result is that
the auctions are put up in the wrong category. This would be
tantamount to pitching your deal to the wrong market.
However, if you are marketing your product in traditional
channels and paying money for your promotions, you are likely to
do a lot more research and legwork. If you want to earn a
serious income, then you should not treat your eBay auctions any
differently.
To research, find the best eBay category to put your product
auction in. If you are selling coins, eBay shoppers do not have
the time to search all 38,000 plus auctions put up under the
category of coins. You need to define your product category as
specific as possible. You will then target the true eBay
shoppers that are likely to be interested in your auction.
2. A blurred or ugly looking image. Be sure your eBay auction
has a clear professional looking image. Pay heed to the saying
?A picture speaks a thousand words?. Also, don?t forget to
ensure that your image file size is not too large. If the image
takes minutes to download, the typical eBay shopper is bound to
skip your auction.
3. Incomplete and unclear product description. Be sure to give a
detailed and precise description for your eBay auction item. For
instance, you can give exact dimensions of the product or give
specific details about the condition of the second hand item. An
incomplete or unclear description is not likely to attract
bidders for your item.
All in all, the best exercise I can suggest is to visit your
Ebay auction and honestly ask yourself if you would be even
tempted to put in a bid for this product.
If the answer is no or even probably not, then change it. If you
are passionate about your auction and take the time to make it
professional, your auction is likely to stand out. Make the
effort to do it right and you are likely to have successful
auctions.
About the author:
Evelyn Lim is an online publisher of a FREE newsletter aimed at
helping aspiring home based business owners. She also hopes to
educate her readers on skills to acquire multiple sources of
online income. To subscribe to her newsletter, please visit http://www.e-BizMap.com or her
blog at http://www.EvelynLim.com.
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