You are already participating in selling items at eBay or other online auctions, but you aren’t getting enough “action” in the bidding. This article will aid you to improve your success rate. With a few changes to your method, you could get more people to join your bidding and this may lead to higher final sales results.
This article assumes you have become an eBay member, with an
open seller account. You may have tried to sell already, but so far your
responses to those auctions were poor or non-existent, and you are frustrated
about the whole experience. Read on, to gain valuable advice for making better
listings, to encourage more active participation, and to hopefully get higher
final bids. Web Auctions can be fun, and profitable!
Auctions are for Everyone
You just want to get rid of the “dust collectors” up in the
attic, or garage, or in a closet (and even sell some things for your friends
& neighbors who aren’t so computer-savvy). You aren’t a business and you
don’t have all the resources available like the auction professionals. How can
you compete with those 400-pound gorillas?
Looking at the auction sites, you notice immediately that
many listings are made by professionals. Either they have a regular existing
business and are using the auctions as another way to move their inventory, or
they are in business for the exclusive purpose of selling online. In
recognition of that, some auction sites have set up a special section for
ongoing sales enterprises; retail and wholesale and personal (eBay calls them “ebay Stores”).
What can you do to get your auctions noticed, among all the
“big-boys” who are out there? How can you put together an auction that will
sell? The key for you is to design an impressive presentation and give a
personalized description . Auctions are for everyone ---- including you, the
little guy, so don’t feel intimidated.
It’s really not a secret. Just understand what is important
to the audience and learn the best ways to show your items. Some sites, such as
eBay, host in-depth discussion forums you may participate in, as well as
extensive help sections with many tips for improving your results.
Who Bids?
It is hard to know who will enter their bids on your
auction, because essentially everyone out there is an eligible buyer. Each day,
more and more people join as members (as buyers and sellers), and no end is in
sight to the number of additional participants. With so many people, is there
such a thing as a “typical” bidder?
In a word -- No.
Age, economics, gender, location, and many other factors are
all part of the audience mix. Online auctions are so popular because there is
such a wide variety of items to suit the tastes of such a wide variety of
people. One can expect to find almost anything under the sun. If you browse
through a site such as eBay, you will find items you never knew even existed!
No matter what you want to sell, it probably fits into a category or two, or
three.
There are many different impulses causing people to decide
to make a bid and you must decipher various motivations in order to expand the
range of buyers for your items. Put yourself in their place and try to think of
reasons why you would want to purchase the item(s). Then take aim at fulfilling
these desires.
Today’s online community is looking for convenience and
value. If you provide both, then you will succeed in your efforts to sell.
Always write your descriptions in such a way that satisfies their wants and
needs. Talk to them in a way that conveys a feeling for the item. Tell how it
came into your possession, why you want to sell it, what you liked about it,
who it is ideal for, almost anything you can say that personalizes the item is
going to be an advantage.
The Format
There are three main components of the auction format, and
each one needs to be utilized properly to obtain the optimum effect and attract
the most attention.
PHOTOS
HEADING
DESCRIPTION
And, of course, there is also the element of PRICE.
Catch Their Eye
Gallery photos can be used to focus attention on your
auction immediately. These thumbnail images appear in search result listings,
and can be utilized to make your auction stand out from the rest. You don’t
always want to present the full-overview of your item in the small gallery pic;
sometimes a close-up or specific detail can invite viewers to click and view
your auction. A bit of “mystery” in the Gallery picture can be a positive
thing.
Clear photographs in the listing itself are critical. Good
lighting and sharp focus help to convey the essence of your item. Since the
buyer cannot touch or pick up the actual thing, you must provide a “virtual
tour” of each dimension. Don’t forget to include a sense of size, perhaps by
including an object that is easily recognized (a coin, for example). The more
pictures, the better.
Headlines and Sub-Titles
Right at the top, tell the story. There is a limit on the
number of characters you can type in one line, so perhaps you’ll wish to add a
second line to further describe the auction and provide important details.
You can incorporate some common abbreviations:
NIB (New In Box)
N/R (No Reserve)
BIN (Buy It Now)
Some sellers like to use ALL CAPS, while others prefer to
Capitalize Each Word. It is a matter of personal choice. In general, the best
headlines are a mixture of both. You may like to use a lot of !!!!Exclamation Points!!!! or use other ways
to make the headline ***stand out***
This is your main introduction. This is your big chance to
get buyers to click on the auction. Spend some time and devote a lot of thought
on the headline: Write a few different versions (and maybe have other people in
your office or home take a look at them and offer advice). No matter the style
you adopt, keep the headline direct and to the point, letting the searcher know
exactly what you have.
If they are interested, they will click on the auction.
It Is What It Is
Once you have gotten the potential bidder to open your
auction main page (with your Stunning Gallery Photo and Punchy Headline), now
there is another major task ahead of you. That’s right --- you need to describe
the item in detail.
This part can make or break the auction. A good rule of
thumb is to provide as much information as possible, and give the good, the bad
and the ugly. Tell it like it is. Before you type up the description to post,
begin with a blank wordprocessor document and put down the features, the
history, the blemishes, the benefits, the uses, the unique attributes, and,
yes, the problems. Add anything you can think of which aids the buyer in
his/her decision-making process. Then use this document as the basis for your
final description text.
Try to avoid putting the entire description into one solid
block of text on the webpage. While you may wish to learn a bit of basic HTML
to “spice up” the overall look of your auction, the most basic thing you can do
is to put in the paragraph tag. This breaks up the text into more readable segments and
allows for clearer comprehension.
Start the Bidding
Take a glance at other auctions being conducted for similar
items as yours. This will give you an idea of the prices and the volume of
interest (measured in actual bids or even page-views displayed at the bottom of
many auctions). If a chess set you have to sell is a rare antique, it might not
be such a great idea to offer it at $1.00 with no reserve. On the other hand,
you don’t want to chase away people with a starting price that is too high. Let
the market forces work their magic and encourage people to get involved at a
level that is comfortable for them. Be realistic, be aware of what is going on
with other auctions, be fair, and start the bidding at a point that is
attractive and enticing to the general public.
Remember that “Buy It Now” is an option with some auctions,
and if you know exactly what you want to sell something for, go ahead and place
the price at this fixed mark. In general, you will find buyers using the “BIN”
on an item that is a great value to them at this point and you achieve an
immediate sale with no hassle, no waiting.
Go ahead, look through your closets, clean out the garage,
and get up those auction listings! Everybody wins!