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Domain Names Not Strong Auction Items
Selling a domain name at an online auction can be lucrative - but many sellers completely misjudge the market and truly live in Fantasy Land. For instance, take a look at this auction of 14 domain names (StemCellLines.net, StemCellLines.org,...
How To Make MORE Money After Your Auction Is Over!
***************************************************************** How To Make MORE Money After Your Auction Is Over! ***************************************************************** Here's the scenario: You just sold a widget for $15.78. It cost...
Storing your categories when looking for ebay auctions in the future
Currently, each month there are over 14 million people whom are looking for ebay auctions online in order to purchase goods and services without having to leave the comfort of their own home. If you are one of those shoppers looking for ebay...
Use Auction Templates For eBay Success!
Auction templates are simply a must for successful online auction selling. One day I spent approximately 45 minutes writing a listing for an item that would make me about $5 in profit! I suddenly realized the stupidity of what I was doing. Here I...
Winning Auction Photos - The Basics of Producing Auction Images
Basic information about photographing auction items and editing and uploading the images.
April, 2003
Millions of potential buyers visit the online auction sites every day. In 2002 eBay's 27 million active members participated in...
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The Fundamental Idea of Online Auction Business
The Fundamental Idea of Online Auction Business By Pradeep
Aggarwal
For a myriad reasons, online auction sites are an excellent to
sell a product for a good price. What makes it so different from
the conventional stores and malls is you have all the time in
the world to surf the listings and more so.. the bidding takes
place for days not minutes. It is an excellent opportunity for
budding entrepreneurs to make a successful business if you have
the persistence and the will to do it.
The Fundamental Idea:
Basically your primary role to play an intermediary role of a
catalyst helping people buy products of their choice. To get
started, you don't need to stock items for you can start placing
drop shipper's items on eBay. This concept is by those who don't
wish to stock inventory of products sold for future delivery
through mail order, catalogues and Internet Advertising. When
you send single unit orders to the manufacturers or major stock
distributors, they in turn ship the item directly to the
customers found at online auction, benefiting them by savings on
advertising and costs to middlemen. This way your stocking
inventory risks are minimized with added savings on storage,
insurance, overhead and keeping sold until sold.
Advantages:
Starting a business with minimum capital. You loose a few
dollars in eBay fees if your items don't sell. Disadvantages:
The hindrance is no public information on general sales methods
and techniques used. Time is essence, required to work all the
time to run the business, since this is not a passive
income
method.
Mistakes to Avoid:
1. Keep in mind the days when auctions are in full swing usually
on Sunday evenings. A wrong auction expiration time could be
fatal. 2. Give adequate attention to your listings. Provide
complete information to the prospective bidders so that they can
act fast. Avoid flashy designs and animated texts. They only
make customers irritating resulting in loss of business. 3.
People usually don't bid on Reserve. Avoid it. Obviously the
customers don't like to receive a message 'Reserve not yet met'
message. 4. The fundamental rule for any business is having a
Business Plan. The fundamentals must be strong. Have a definite
business plan and work accordingly. 5. Stability is the key.
Your business model must be stable. Keeping changing the
suppliers and manufacturers lest you could get bogged down with
a few only.
About the Author
Pradeep Aggarwal is the creator of the Auction Spectrum. This
site is dedicated to helping people start and run a successful
online auction business. Visit his site to get a free report and
articles on how to start internet based home business.
http://www.Internet-successkey.com
About the author:
Pradeep Aggarwal is an Internet Entrepreneur and a leading
online business consultant, He has conducted many workshops and
seminars across the world empowering people on How to Start
Online Business. His website Internet success key has helped
many people set up online business from home and have created
successful career
for themselves. http://www.internet-successkey.com
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