You will often find yourself facing the choice of whether to pay a fixed price or keep on bidding. This choice might be presented to you in a single auction, or you might be choosing between different auctions of the different types.
So should you use that ‘Buy it Now’ button or keep on trying to outbid everyone else? It is all a question of weighing up the advantages and disadvantages.
Buy it Now.
- The Advantages.
When you use Buy it Now, you know the asking price and you can take some time to decide whether to pay it or not – you can even negotiate. You do not have to keeping your eye on the auction, or get caught up in the last-minute bidding frenzy that is now inevitable on any popular item. Not only that, but the seller will be happy to get a fixed price for their item, and they are likely to nicer to you than usual. Some sellers can be a little resentful when they feel that you got a little too much of a bargain on their item.
- The Disadvantages.
You will almost certainly pay more for the item, especially with more expensive items. Also, it takes some of the fun out of eBay. Are you not there for an auction, after all? If you want to pay a fixed price then there are thousands of online stores you could be visiting. It is like pressing ‘collect’ instead of ‘gamble’ on a fruit machine. It is the boring option. But anyway, maybe that is what you want.
These rules are relatively constant. There are few instances when using ‘Buy it Now’ would allow you to get something cheaper or when bidding would be an easier way to do it. In the end, as with so many things in life, it is a simple question of price versus convenience. It is up to you.
There are those times, though, when the strategic use of the ‘Buy it Now’ button can be a useful tool to help you outwit your competition. If the current bid is almost as high as the Buy it Now price, then why bid higher and keep the contest going? Clicking that button is a no-brainer. The same goes for times when a seller has, for some reason, set the Buy it Now price only slightly higher than their starting price for bids. Why bother to go through all the hassle of bidding?
You might also find that there are times when you should leave the ‘Buy it Now ‘ button as a last resort. It can be a useful way of ending last-minute contests with a decisive ‘this is mine’ gesture.
In fact, there are all sorts of tricks you can use on eBay, if you want to get ahead of the game. Remember that most buyers on eBay are casual, and do not know what they are doing. A little knowledge can go a long way in getting you an advantage. Our next email will have a few tips and tricks for you.
* * * * *
If you seriously thinking of earning, not losing BIG money on eBay, I definitely recommend a very successful product how to market eBay(R) auctions
eBay Fortune , The Definitive Roadmap To Auction Riches -
as a successful eBay Seller, you will need it!
Take Action – Click Here to Download “eBay Fortune , The Definitive Roadmap To Auction Riches”
* * * * *
Another viable and most recommendable option, when starting up an eBay business, is to make use of the drop shipping concept, which you can read about in the post – eBay and Drop shipping – What Is It All About?
Click here to find out more about drop shipping.
♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦
Stay tuned,
Christer
BTW
Do you also remember to FOLLOW ME on Twitter?
If you find the information useful, don’t hesitate to Tweet or email the post to your friends and colleagues and set up a link on your own blog!
http://twitter.com/christerfolke
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So what is a PowerSeller?
PowerSellers are the people on eBay who have made it, recognisable by the little ‘PowerSeller’ badge next to their name. You have probably seen these people around – and to succeed on eBay, you must think the way they do.
How does People Get the Right to Call Themselves PowerSellers?
eBay gets to decide who can be a PowerSeller and who cannot, and they have strict requirements. To get in at the minimum PowerSeller level, you must have a feedback rating of at least 100 (minimum 98% positive) and sell at least $1,000 worth of items every month for three months in a row. There are different levels of PowerSeller membership as you sell items of greater value: $1,000 total is bronze, $3,000 is silver, $10,000 is gold, $25,000 is platinum and $125,000 is titanium.
If PowerSellers ever fail to meet the required amount of sales, or their feedback falls below 98% positive, then they lose their PowerSeller status. In short, the only people who get to be PowerSellers on eBay are the people who have been successful for a quite a while, and are on track to stay that way.
The Shop and the Marketplace.
This is the most important part of understanding how PowerSellers think. They do not see what they are doing as being some random bazaar, or a hobby. Instead, they see themselves running a business.
Put it like this. If you run a stall in a marketplace, the odds are that you have a general area of business, but you mostly just sell whatever you can get your hands on that week. If your dodgy buddy got his hands of a job lot of something at a discount, then that is what you will be selling. This might be fun – and when you have a good week, you will have a really good week – but it is no way running a real business long-term.
PowerSellers think far more like shop owners. They sell the same things again and again, every week – regular stock for regular customers. They do ‘boring’ business things like keep inventories and budgets. They know what they are going to be selling, how much they buy it for and how much they expect to sell for. Just like a real shop, there can sometimes be hard times, but their income is stable and their business is slowly growing
The best advice I can give you in thinking like a PowerSeller is, please do not take long-term risks for short-term gains. Look after your reputation, manage your selling properly, provide good customer service and the rewards will come to you in due course. And eventually you will get a little badge next to your name that makes people trust you more!
One possibility that you might have realised so far is what eBay can do for any other businesses you might already have. Remember, millions of people visit eBay every day – why keep everything separate when you are starting to tap into that kind of power? In a future posting, I will show you a few ways how you can use eBay to grow your other business areas.
The next posting will show you a few ways you can use eBay to grow your other businesses.
* * * * *
If you seriously thinking of earning, not losing BIG money on eBay, I definitely recommend a very successful product how to market eBay(R) auctions
eBay Fortune , The Definitive Roadmap To Auction Riches -
as a successful eBay Seller, you will need it!
Take Action – Click Here to Download “eBay Fortune , The Definitive Roadmap To Auction Riches”
* * * * *
Another viable and most recommendable option, when starting up an eBay business, is to make use of the drop shipping concept, which you can read about in the post – eBay and Drop shipping – What Is It All About?
Click here to find out more about drop shipping.
♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦
Stay tuned,
Christer
BTW
Do you also remember to FOLLOW ME on Twitter?
If you find the information useful, don’t hesitate to Tweet or email the post to your friends and colleagues and set up a link on your own blog!
http://twitter.com/christerfolke
So what is a PowerSeller?
PowerSellers are the people on eBay who have made it, recognisable by the little ‘PowerSeller’ badge next to their name. You have probably seen these people around – and to succeed on eBay, you must think the way they do.
How does People Get the Right to Call Themselves PowerSellers?
eBay gets to decide who can be a PowerSeller and who cannot, and they have strict requirements. To get in at the minimum PowerSeller level, you must have a feedback rating of at least 100 (minimum 98% positive) and sell at least $1,000 worth of items every month for three months in a row. There are different levels of PowerSeller membership as you sell items of greater value: $1,000 total is bronze, $3,000 is silver, $10,000 is gold, $25,000 is platinum and $125,000 is titanium.
If PowerSellers ever fail to meet the required amount of sales, or their feedback falls below 98% positive, then they lose their PowerSeller status. In short, the only people who get to be PowerSellers on eBay are the people who have been successful for a quite a while, and are on track to stay that way.
The Shop and the Marketplace.
This is the most important part of understanding how PowerSellers think. They don’t see what they are doing as being some random bazaar, or a hobby – instead, they see themselves running a business.
Put it like this. If you run a stall in a marketplace, the odds are that you have a general area of business, but you mostly just sell whatever you can get your hands on that week. If your dodgy buddy got his hands of a job lot of something at a discount, then that is what you will be selling. This might be fun – and when you have a good week, you will have a really good week – but it is no way running a real business long-term.
PowerSellers think far more like shop owners. They sell the same things again and again, every week – regular stock for regular customers. They do ‘boring’ business things like keep inventories and budgets. They know what they are going to be selling, how much they buy it for and how much they expect to sell for. Just like a real shop, there can sometimes be hard times, but their income is stable and their business is slowly growing
The best advice I can give you in thinking like a PowerSeller is, please do not take long-term risks for short-term gains. Look after your reputation, manage your selling properly, provide good customer service and the rewards will come to you in due course. And eventually you will get a little badge next to your name that makes people trust you more!
One possibility that you might have realised so far is what eBay can do for any other businesses you might already have. Remember, millions of people visit eBay every day – why keep everything separate when you are starting to tap into that kind of power? In a future posting, I will show you a few ways how you can use eBay to grow your other business areas.
* * * * *
If you seriously thinking of earning BIG money on eBay, I definitely recommend a very successful product how to market eBay(R) auctions – eBay Fortune , The Definitive Roadmap To Auction Riches - you will need it!
Take Action – Click Here to Download “eBay Fortune , The Definitive Roadmap To Auction Riches”
* * * * *
Another viable and most recommendable option, when starting up an eBay business, is to make use of the drop shipping concept, which you can read about in the post – eBay and Drop shipping – What Is It All About?
Click here to find out more about drop shipping.
♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦
Stay tuned,
Christer
BTW
Do you also remember to FOLLOW ME on Twitter?
My new content from all my web pages is also going there
If you find the information useful, don’t hesitate to Tweet or email the post to your friends and colleagues and set up a link on your own blog!
http://twitter.com/christerfolke