Auction Information

The Number 1 Biggest Secret to Selling on Ebay


Ebay.com is a Tool. It is an awesome tool that can be used to make you tons of money in a short period of time without alot of work or effort on your part. But there is a big secret about using ebay.com to really explode profits and over 90% of ebay.com users know nothing about it.

It is a concept used by big name marketing experts like Dan Kennedy, Joe Vitale, John Carleton, and others. So what is this amazing little secret? Only this: selling to the same customers over and over.

Dan Kennedy imparticular has stressed how this can really explode your profits, here's why; first, you already know they are interested in what you are selling because they have bought from you before. They trust you and your customer service and if you have kept in touch with them the right way they feel like they "know" and "like" you. People buy from people they know and like.

Second, every dollar you spend to advertise your product goes alot farther if the customer seeing and responding to your ad buys from you again and again. This way you can eventually build up a loyal customer base and spend your marketing efforts on there people and much less on "getting new customers". Remember people buy more easily from those they know and like so it's much easier to make higher profits from responsive people than from a "cold market".

So how does Ebay.com tie into all this? Well lets look at selling on the internet in general. First for $0.35 cents you can list your item where people come looking for it intending to buy. This is so important simply because getting a steady stream of visitors to a website so you can capture their email address either takes a lot of Search Engine Optimization, alot of time, or alot of money, and in most cases all three.

The secret to using ebay.com is in both after the auction and your "about me" page. First when an auction ends you should have the buyers email address to contact them concerning payment, etc. You just got their email address for further communication. The first email you send them should attempt to help them "get to know" you. You should also show excellent customer service by leaving good feedback and following up via email after the auction to ask them if they recieved the item and if they are happy with their purchase. Mention that you occasionally offer great deals that are for past customers only as your way of saying thank you. Try to be specific about the deals like "free shipping" or "25% off your next purchase" or a package deal that you don't offer to anyone else. Then ask them to opt in to your newsletter to find out when these sales happen. If you can, offer them a free gift for opting in to your newsletter, this increases response rates.

The second way to use ebay.com is the about me page. On this page always have a link to your website where customers can order similar products or "reorder" an item they may have purchased before. Once you get them to your webpage try to get them to opt in toyour newsltter by offering them some kind of free gift as a bribe.

So remember the real secret to using ebay.com for exploding profits is selling to the same customers over and over again. Getting new customers is much more expensive then selling to ones that already know and like you.

Jennifer Parks is the author of Selling on Ebay the Blog which offers free software, information, secrets, and tips for selling on ebay.


MORE RESOURCES:

In need of cash, states auction goods online
BusinessWeek - 3 hours ago
Like most other states, New York also holds traditional auctions off-line for vehicles and equipment and had brought in $3.5 million by the end of October. ...


Tepid jewelry auctions show wealthy holding back
Reuters - 9 hours ago
While one sapphire ring sold for a record $3.5 million, most of the eye candy languished on the auction block and items that did sell fetched prices 20 ...


Extraordinary Art Auctions in Italy for Design, Modern and ...
MarketWatch - 13 hours ago
Pandolfini Auction House has organized at the new office in Milan (Italy) the auction sessions devoted to Design, Modern and Contemporary Art. MILAN, Italy, ...


Industrial Online Auction Company AssetNation, Inc. Formed
MarketWatch - 12 hours ago
AssetNation has created a global marketplace that assembles some of the strongest brands in the online auction community, which include SalvageSale, ...


London Auctions of All Things Russian
Wall Street Journal - 13 hours ago
By LLECTING MARGARET STUDER RUSSIAN SALES dominate the coming week at London auction houses as paintings, royal Fabergé, imperial silver, porcelain and ...
Faberge, Wealthy Russians Face Tests at London Auctions Bloomberg
all 3 news articles


Galleries wonder whether fair will draw collectors
CNNMoney.com - 6 hours ago
Sluggish sales at recent auctions in New York may be a sign that the years where collectors paid exorbitant prices for high art are over. ...
Roundup of events during Art Basel Miami Beach San Jose Mercury News
all 25 news articles


UK Auctions First Carbon Permits; Government Hoarding Revenue
It's Getting Hot In Here, DC - 8 hours ago
The UK Government auctioned the first four million allowances to emit greenhouse gases under their portion of the European Union’s Emissions Trading System ...
British government holds carbon auction United Press International
UK nets £54m in emissions auction Financial Times
Heavy demand as auction of carbon permits brings in £54m Financial Times
all 4 news articles


African Tea Prices Fall 14 Percent at Weekly Auction in Kenya
Bloomberg - 22 hours ago
21 (Bloomberg) -- African tea prices fell in Kenya, shedding 14 percent at a weekly sale in Mombasa, according to the founding broker of the auctions. ...
African Tea Prices Post Biggest Fall in 4 Years (Update1) Bloomberg
all 3 news articles


US company auctions 300000 UN carbon credits
Reuters - Nov 20, 2008
NEW YORK, Nov 20 (Reuters) - US-based online exchange World Energy Solutions Inc said on Thursday it has completed an auction for carbon credits that can be ...


BBC News

The painful consequences of abandoning asset auctions
Economist, UK - Nov 20, 2008
Holders of toxic mortgage-backed securities had pinned their hopes on the American government’s plan to buy large piles of the stuff through auctions as ...
Fox Biz Anchor 'Frustrated' by Misuse of TARP Business Media Institute
More Evidence Of TARP Error istockAnalyst.com (press release)
Credit Markets Unlock but Remain Vulnerable to LIBOR, TARP and ... Sovereign Society
Structured Credit Investor (registration)
all 269 news articles

Auctions - Google News

home | site map
© 2006