Auction Ebay Niche
Ebay store auctions risk?
So I've just started an eBay store. I have a niche market with what I think are sellable products and a reliable supplier. My problem is that I've learned that you have to have auctions to drive customers to your store but what do you do when you start your auction low to gain interest and you only get 1 or 2 bids on a product that is 100 times more than what you posted your starting bid at? This is a huge risk, do I cancel the auction if I don't see interest or do I bite the bullet to gain exposure? I would love to be able to sell all of my items at a fixed price but I want to show up on the searches. I'd like to hear what other do when their auctions fall short of what they need to turn a profit. Much thanks and I look forward to your comments.
Hi! First , there is a support system at eBay to tell you how to run your auctions. If you didn't read that , then there is another option, there is a way that if you don't get what you want for your item , then you don't have to sell it. But , this must be done before the auction starts. Also, there is a "Buy It Now" program. I wish that I had the space to tell you everything , I would. Here is a link to help you get started and it will tell you know what you need to know about selling on eBay. Hope that this helps!
http://my.ebay.com/ws/eBayISAPI.dll?MyeBay&CurrentPage=MyeBayStartSelling&ssPageName=STRK:ME:LNLK
How Many eBay Accounts Do You Have?
If you use eBay as a means of generating income, you want to have more than one eBay account. Yes, eBay does allow multiple accounts. The only requirement that eBay has regarding multiple accounts is that each account have a different email address. This could change, so be sure to keep current with eBay policy.
By having multiple eBay accounts, you can set up one account to buy from and one account to sell from. When you do this, you are protecting your seller's account from negative feedback.
How does this protect you from negative feedback? Let's say you make a purchase on your buyer's account and the product is defective. You contact the seller and he is less than cooperative. Sound familiar? You can leave negative feedback for this seller without fear of them leaving bad feedback for you and it affecting your seller's account. Why? Because you didn't use your seller's account. You used your buyer's account.
You can also have several eBay accounts that you sell from. Design each account around a different niche. By doing this, you can become an "expert" in each niche. You can generate a lot of extra money by having more that one niche that you sell in.
Design your About Me Page around each niche. You can earn more in back end sales when you are seen as an expert. Set up a website around each of your eBay niche accounts. You can direct traffic from your About Me Page to your websites. Just be absolutely certain that the items you sell on your website are not the identical items you are selling on your eBay auctions. That is against eBay policy.
For example, if you are selling digital cameras on one of your eBay accounts, you could sell accessories for digital cameras on your website. You can have another eBay account set up to sell pet supplies, and direct them to your website might be selling pet food. You could also have a website that offered affiliate products related to your eBay auction. As long as it is not the same item that is in your auction.
eBay always has the right to shut an account down. eBay can also impose a "black-out" of your account. If you unintentionally violate policy and your seller's account is shut down, it could cost you a lot of money in lost sales.
By having more than one eBay account, you have certain amount of protection. You can move over to one of your other accounts and start selling from it. This eliminates the need to start with zero feedback.
Please be aware that even if you have several accounts and you violate eBay policy, this will not protect you. If eBay closes one account they will search for other accounts using your IP address or name and could close them also.
Always keep current on eBay policy. They can change anything at any time. Ignorance of a policy change is not an acceptable excuse if you commit a violation.
The moral here is to never, ever violate eBay policy.
About the Author
Loretta Miller has a site where the goal is to help people increase the traffic to their website. http://increasesalesinfo.com/
eBay Niche Store - How to Install phpBay Pro
