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How to Start an eBay Bidding War
Imagine Just Two People in the Whole
Wide World Want Something You Are Selling ….. Just
Two People ….. Now Imagine More than Two People,
Many More ….. Imagine Fierce Fighting Where You Are the Eventual
Winner!
A bidding war is where two or more
people bid furiously against one another, each desperate to own
a particular item.
Phenomenal results are possible,
such as last month, where a postcard by artist A. R. Quinton,
depicting a cliff view at Herne Bay, fetched £100 plus. By
anyone’s standards, the card was worth about £3 for the view and
maybe a few pounds more for the artist.
I checked and found that two serious
bidders, one of Herne Bay topographical postcards, the other a
Quinton enthusiast, had launched a bidding war that was
eventually won by the Herne Bay collector, or was the real
winner the seller of this rather common-a-garden postcard?
Such events are not uncommon.
My own best selling item this month, a pair of vintage cufflinks
with ancient Greek Coins, for which I paid £3 at a flea market,
went for £34, with the two final bidders being a collector of
cufflinks and another of Greek coins. The Greek coin
collector won.
You only need two bidders and it
doesn’t matter if they’re interested in the same product or
specific parts of your product or listing. The end result
is always the same; more money for you.
You’re looking for just two people
in the whole wide world, these tips will help you find them.
* List a minimum two items (or
themes) in one lot. The trick is to make each item
valuable in its own right and appealing to more than one person.
The cufflinks and postcard are good examples. I’ve seen
other wars raging over two completely unrelated postcards listed
together; two books bearing no relation to one another; a pack
of artist illustrated playing cards where one bidder wanted the
cards and the other collected all things artist related.
* List in two eBay categories
to achieve maximum market penetration. You can also list
in two shop categories. For the Quinton/Herne Bay postcard
I’d list under ‘Artist Drawn Postcards’ and ‘Topographical’.
* Research and use commonly
used keywords for your product to attract the highest audience
for your item. Go to eBay Pulse pages for common keywords
or use software such as Adword Analyzer to study most commonly
used key words and phrases for specific subjects. Although
developed largely for search engine optimisation and Google
advertising campaigns and similar, products like Adword Analyzer
are equally suitable for all areas of the Internet, including
eBay.
* Offer free gifts and bonuses
to attract interest from people selling similar items. For
example, offer three cufflinks where most offer two (emphasise
these things get damaged, lost, stolen); ship items postage
free; add complementary items such as matching tie pin (free or
otherwise) with cufflinks, free presentation boxes with every
batch of wholesale necklaces, and so on.
* Offer a free gift that is
valuable in its own right, worth more than the product listed,
and not available from any other source. Remember to
change the freebie regularly as frequent buyers will have it
already. Study and comply with eBay rules regarding gifts,
bonuses and discounts. The trick is to find people not
necessarily wanting your listed product, but very keen on the
freebie.
Avril Harper is a triple eBay
PowerSeller and author of BANK BIG PROFITS SELLING VINTAGE
TOPOGRAPHICAL VIEW POSTCARDS ON EBAY which you can read about
at:
http://www.sellpostcardsonebay.com and MAKE MONEY TEARING UP
OLD BOOKS AND MAGAZINES AND SELLING THEM ON EBAY which you can
read about at:
http://www.magstoriches.com
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