Welcome to Auction Resource Center
Overstock Auction Article
This is a selection made from among articles on Overstock Auction. For a permanent link to this article, or to bookmark it for future reading, click here.
How to Sell Expensive Items on eBay
from:Selling expensive items on eBay is really no different than selling low cost items. Essentially, no matter what you are selling, it all comes down to how you market the item. This doesn’t mean you have to surf around the Internet placing ads here and there - when it comes to eBay auctions, the marketing is all done at the eBay website. Basically, when you set up your auction, you are setting up an automated marketing campaign.
First, you must determine what the value of your item is, in three different ways. This will help you determine what your reserve price is. On eBay, the reserve price is the lowest price that you are willing to accept for your item. First, have your high priced item evaluated to determine what the actual market value is. Next, research similar items from past auctions at eBay to see what price those items sold for. Finally, determine what the value of the item is to you. With this information, you should be able to determine the lowest amount you are willing to sell the item for.
Set your reserve price, and then set your opening bid price lower than $50 - no matter how high your reserve price is. This is a marketing tactic. It will be hard to attract potential buyers to an auction for an item selling for hundreds or thousands of dollars - but getting them to an auction where the opening bid is only $50 is quite simple. Remember, you don't have to sell the item to anyone who bids less than your reserve price - unless you choose to do so at the close of the auction. This method of price setting resembles marketing gimmicks used by offline businesses that are simply designed to "get customers in the door."
Work hard on the description for your listing. Use words that really describe your item well. Provide as many details as possible, including details that prove the authenticity of collectible items. Include pictures of the item as well. Do not try to deceive potential buyers! If the item has marks or scratches, simply be honest about it, and make sure that the pictures convey this as well. State how the item will be packed and shipped. Also let potential buyers know that shipping insurance must be purchased as well - in case the item is damaged once it leaves your possession.
For higher priced items, most eBay buyers feel more comfortable using an escrow service. Offer this as an option in your auction, with the understanding that the buyer must pay for the service. This protects both parties from fraud, and it makes many buyers more open to spending the money to obtain the item. eBay has partnered with an escrow service that is commonly used for high ticket items.
Overstock Auction Specific links
Overstock Items Up to 80% Off
- Save up to 80% Buy Overstock, Surplus and Closed Out Items. Find, Compare, Buy Direct & Save.
-- http://www.wholesaleez.com/
Mevio has the Best Shows, Free!
- Click Here To Watch Now!
-- http://www.mevio.com/
Howie Mandel & Gay's Smoothie
- Howie Mandel teaches a woman named Gay the right way to shop, "Buy.com". Watch the new Buy.com commercial on youtube now!
-- http://www.youtube.com/
As always, we bring the freshest vids on the net
- Take a break and start laughing at this video you won?t believe.
-- http://www.break.com/
Discover New Music
- Music Fans Discover, Enjoy & Reward The Best New Bands. Join Today.
-- http://www.ourstage.com/
Overstock Auction News
Reborn retail site fires salvo in shipping war - Miami Herald
NEW YORK With gas prices high and consumers stretching shopping dollars, competition is heating up online for deals - and a discount retail site hopes to fan the flames by shipping orders for $1.95. Chicago-based Enable Holdings Inc. plans to launch ...
Read more...RedTag.com: Low-Balling Shipping Costs to Win Customers - CRM Buyer
A new retail Web site launches today, offering cut-rate shipping as a way to win customers over. RedTag.com sells other retailers' extra stock and manufacturer overruns, much like competitor Overstock.com. Like RedTag, Overstock also offers cheap ...
Read more...Reborn online site joining shipping war - The State
With gas prices high and consumers stretching shopping dollars, competition is heating up online for deals — and a discount retail site hopes to fan the flames by shipping orders for $1.95. Chicago-based Enable Holdings Inc. plans to launch RedTag ...
Read more...Discount retail site takes off - Charleston Post & Courier
NEW YORK — With gas prices high and consumers stretching shopping dollars, competition is heating up online for deals, and a discount retail site hopes to fan the flames by shipping orders for $1.95. Chicago-based Enable Holdings Inc. plans to ...
Read more...Internet offers cheap shipping - Jackson Sun
Chicago-based Enable Holdings Inc. plans to launch RedTag.com today and sell retailers' excess inventory at a fixed price. Its shipping charge will undercut a similar site, Overstock.com Inc., which charges $2.95 for standard ground shipping.
Read more...