My eBay Method: 13 Steps to Profitable Auctions
Monday, 15th May 2006 (by J.D.)This article is about Hints and Tips, Odds and Ends
A few weeks ago I linked to Stephen Smith’s guide to selling stuff on eBay. Today I’ll share some tips of my own.
In February I sold $1500 of geek goods to raise money so that I could make accelerated debt payments. My auctions consistently fetched more money than concurrent auctions for similar items. Something about my method works. I recommend the following steps:
- Research the hell out of each item you post. Dig through eBay to find what similar items fetch (and how often they sell). Check other places (Amazon, abebooks.com, other forums) to see what they charge for the item.
- Use low starting bids. Low starting bids cost less to list, and they encourage participation. The more popular you expect an item to be, the lower you should set the starting bid. If you expect only a few bids, start bidding closer to your minimum desired sale point. For example, I sold some Tolkien videos on VHS that I thought would receive few bids, so I set my minimum bid at about $10. Do not use a reserve.
- Start your listings on Thursday afternoons and evenings. Run ten-day listings. Time your auctions to end on Sunday evening between seven and ten Eastern (four and seven Pacific). This gives two weekends to attract bids.
- If needed, pay the extra ten cents to prepare listings in advance and schedule them to start on Thursday evenings. Prepare a group of listings in advance, then schedule them to start within a couple of hours of each other. (Don’t have your listings end closer than within two minutes of each other.)
- Offer free shipping and delivery confirmation. You could charge for these, but free shipping builds goodwill. Delivery confirmation gives you peace of mind. Free insurance is of dubious value; I sometimes offer it, but generally only on expensive items. You might offer it as a customer-paid option.
- Offer a money-back guarantee, but only for when the item is not as described. (Not for when a person changes his mind or makes a mistake.)
- Craft your auction title with care. For example, I recently sold a book entitled The Hidden Game of Baseball by John Thorn and Pete Palmer. I could have put all that into my auction title, but it would have been a waste. My title was geared toward keywords that I believed interested buyers would use: HIDDEN GAME OF BASEBALL Thorn Palmer SABR Bill James. Bill James had nothing to do with the book, but fans of Bill James would be likely to purchase it. You want many people to see your items in their search results.
- Write a good description listing the strengths and flaws of your item. Write things like “I think this book is in great shape, but be aware that the cover has a small tear and the previous owner’s name is on the flyleaf”, etc. Try to place additional keywords in the description, but sprinkled into conversational sentences. For example, in my auction for the Tolkien animated films on VHS, I used the names of Peter Jackson, Liv Tyler, etc.
- Be thorough. Many people advocate short descriptions. I disagree. I think that long descriptions are best, especially if they use bold text and highlighting to emphasize the important aspects of your auction.
- Refuse to accept bids from headaches: people with negative feedback, people who haven’t been paying, foreign bidders. (Note: foreign bidders aren’t a headache for everyone; if you love ‘em, let ‘em bid!)
- Take photos and post them in the description. Use the 35-cent gallery feature so that your photo appears when people browse listings. If condition is a concern, use many photos to convey the state of the item.
- Answer questions. You will receive many questions about your items. Some of the questions will be stupid. Answer them anyhow. If it’s a question that many people are likely to have, post the your response publicly.
- Be amiable! A friendly, easy-going persona is going to receive better response than a brusque, business-like persona. Make jokes. Show enthusiasm.
These techniques have worked well for me, even though I do two things that defy conventional eBay wisdom: I use ten-day listings and I provide free shipping. I feel that both helped me get better prices. For more information about online auctions, check out A Beginner’s Guide to eBay: Confessions from an eBay Store Worker.
Like garage sales, eBay is a great way to simultaneously purge your life of stuff and make money while doing so. A little extra time and care in creating your listings can yield a huge increase in profits.


decent ebay advice, except for one point…
…
I admit that this is more a personal preference than anything. Many people swear by international sales, and I shouldn’t have included that as a class for discrimination. For me, they’re a pain, but the reality is that if somebody e-mails me and asks me to sell to them in Canada or Norway or Indonesia, I always do.
[...] J.D. at Get Rich Slowly has posted 13 Tips to Profitable Auctions, listing – unsurprisingly – 13 tips for getting more profit out of eBay. [...]
What doesn’t sell on eBay…
Former eBay store employee Sean Blanda continues his series on successful eBay auctions, this time focusing on the items that generally don’t sell well, including jewelry, computer monitors, records, “handmade anything” and antiques. “But I bought …
[...] What not to sell on eBay. (Part two of a series that I mentioned in my eBay method.) [via lifehacker] [...]
If the item is going to be popular, then setting a reserve really shouldn’t matter to the public. I’d much rather set a reserve and lower it slowly up until the 12 hour limit, as well as lower my price, until I get a decent bite. On high priced items that I’m not sure will sell, I’ll set a reserve for sure. Nothing wrong with buying insurance. Or am I missing something?
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Thank you - I will definately be using these tips when I next sell something on eBay!
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[...] Anyway, it is a nicely-written blog with cool posts like this one, which is a list of useful spreadsheets and this one, which offers tips for selling on eBay. I thought it was funny that the book he mentions selling, The Hidden Game of Baseball, is the same book I picked up at my local library (in perfect condition) for $1.00! He sold his for $71. [...]
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cool summary…directly to the point. I agree also that a reserve on high priced items where you don’t know that they are high in demand is wise. I have the impression that it does not offend bidders because they value your asset you want to sell…
Steps to a profitable eBay auction…
I found this post a few days back and thought it was very insightful. JD gives solid advice for posting items to eBay and making a profit doing it! As a long time Powerseller, let me comment on a few of JD’s points.
1. Research the Hell out of…
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I’m sorry I missed these recommendations prior to coming up with my own via trial & error. Your recommendations are dead-on with the exception of #6, “Offer a money-back guarantee.” I notice that you have a caveat associated with this, however, I’ve found most bidders/buyers don’t read fine print, and I consider “but only [offer a money-back guarantee] for when the item is not as described” to be fine print.
In addition, while I agree with the principles of suggestions #4 and 11, with free tools like Auctiva, I find no reason to pay eBay extra money to accomplish these goals. And I wholeheartedly agree with #10–NEVER accept bids from headaches. Fortunately eBay makes rejecting bids a pretty easy task.
Only thing I disagree with is free shipping. Delivery confirmation is standard anway since I use Paypal shipping.
This probably depends on what items you sell to a certain extent, but people expect to pay for shipping and generaly do NOT pay more for free shipping. Even if they pay more for free shipping, you pay more in fees.
I would rather sell an item for $20 + $5 shipping than selll an item for $25 with free shipping. I make more and the customer pays the same either way.
Also since I do this professionally, shipping is the major time and labor expense. I buy shipping supplies regularly, build boxes,etc. a small shipping markup is customary. Nothing big- I might charge $4 for something that postage is $2.13.
Places like Amazon might offer free shipping over a certian dollar amount. However this doesnt apply to their marketplace. When you buy the good deals from marketplace sellers, you pay shipping. Also I regularly sell for higher prices than Amazon. In fact just last week I accidentally sold a book I did not have for about $20. I turned around and bought it off Amazon for 99 cents.
I also find my BEST customers are International. People will may more and even pay $25+ shipping for a single book.
My thoughts are based more on professional selling, though. And for selling the category I do, Though I have sold in many categories and the general principles apply.
Lots of good advice in this post, thank you.
I have to say though that No. 7 seems to imply that you should use Keyword Spamming - a definite no-no in eBay’s rules. If eBay find out about it (for example a competitor reports it to them) they will pull the listing and also email any bidders to let them know you’ve been a BAD eBayer.
Craft ‘relevant’ keywords into the listing by all means, but leave them out of the title.
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Those 13 steps are great. I think there should be a 14th- Promote your auction. Don’t just rely on people to find it, actually be active about promoting it. My favorite site for that is
http://www.AuctionPromotionTools.com
It’s free to promote any eBay auction. To increase your hits they offer a Featured Listing (a picture) for a very small fee which I’ve found is better, and really does get more hits to my auctions.
That’s some pretty decent info. Infact, I have created some software (that most people will find controversial).
It exposes and reveals how much any seller has made on ebay - so that you can go ahead and duplicate their entire business.
It’s a strategy I have used to make over 157k in the last two years. This is my own site, and I have not released this software to anybody yet.
I am also creating videos that will include my black hat, as well as white hat strategies.
Adeel Chowdhry
http://www.iSpyAuctionRiches.com
I’ve always started my auctions really low, at $.01 or $1. Why not do this? As long as you get two bidders, you’ll be fine, right? I suppose if there is a chance you’ll only get one bidder, you wouldn’t want to do it.
One tip I can give you is to charge a little extra in your postage costs. You’ll be amazed at how much extra I make on postage.
Adeel
I don’t buy anything from E-Bay any more, and tell everyone I know to avoid them also.
It is not about the people who charge $29.95 for shipping when it only cost $4 in postage, I always avoided those ripoffs, as I think most sinceable people do.
The problem occurred when I changed my email address. When I first signed up for E-bay to make purchanses, I had a “private” email address from “Net Address” (aka usa.com). When this company doubled their rate for less than half the service I get from Yahoo, I dropped them and signed up with an address with Yahoo that allows me to use POP-3 and SMTP to send and receive emails via a client (such as Exchange, Outlook, Eudora, etc).
When I told Ebay that I was changing my email address, they demanded that I provide them with a credit card number to verify my identity. I said no, and they refused my change.
E-Bay “claims” that if you have a non-private email address, they must have a credit card number to verify one’s identity. The problem I have with that is the fact that the credit card that I use for online purchases protects me against fraudulent charges “when making a purchase”. Using a credit card for “identification” is not making a purchase and I have no guarantee that should my information get misused, that I will be reimbursed for fraudulent charges.
Until E-bay changes its ways, I will never ever buy another E-bay item and tell everyone I know to avoid them also.
If you wish to continue to sell E-bay items, I highly suggest that all of you contact E-bay and tell them to change their methods of verifying ID.
The thing is though, you can make your point and not use eBay. You know, they don’t care whether you use it or not.
They have tons and tons of people coming to the site and registering every day. They have a big ego. Do they think that they care if a few people don’t like their system?
If you want to make money, you have to play their game i’m afraid.
Adeel Chowdhry
http://www.iSpyAuctionRiches.com
But, I don’t have to play their game if I choose not to. Plenty of other places are willing to take my money for my purchases.
I agree with you about how many people use their site and that they are not willing to change if they don’t have to.
But, I am also sharing what I have experienced, and if enough people stop using it because of issues, then maybe they will notice that bottom line slipping a litte….maybe…..
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I am new to selling on e-bay. I want to sell something in large quantities of the same product so could someone tell me what would be a good start off. What could I invest. I could use some extra dough or even a bok to help me that is not exspensive. I do not believe in buying some course that costs 200 or 300 dollars so plz someone who started out with a little cash and made it through with E-bay give me some financial advise. I dont have much to invest YET!!! but I have alot of faith in GOD
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great tips…it can take a while to get used to the ebay thing. we sell equipment, supplies, software and GPS for land surveyors…any tips for holding auctions on higher priced items?
thanks for your insight…
To me it’s kind of a risk if you don’t set a reserve price for something you know is not much popular. But isn’t it a better way to start bidding at your wanted reserve price?
[...] Selling stuff on eBay (which we’ve discussed before) [...]
Dont’ accept foreign bidders?
That sounds like some really bad advice. I know from experience that many people are losing sales on the net because they refuse to ship out of country. It’s just bad business and bad image.
Foreign buyers are not any more unreliable than anyone else?
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Re: #6 “only for when the item is not as described.”
I’ve never understood this, but maybe it’s because I’m not a power seller. I think this is a good idea only if you’re listing multiple auctions where you cut/paste the template. I’ve made small mistakes where the title says one thing and the description says another. But I always think, as a buyer– “why would they not describe it accurately?” It ALWAYS puts a question mark in my mind as a buyer… UNLESS the seller explains that they list a lot and mistakes are possible, blah blah.
Re: #7 “Bill James had nothing to do with the book”
This is called KEYWORD SPAMMING and explicitly against ebay rules.
I just had an auction shut down the other day for (innocently) saying “LK NEW.” I think this is ridiculous, because the condition WAS like new. If someone only wanted “new” they can take “LK” out of their search by using a “-LK” in the search or using the advanced search options, “Exclude these words.” However, putting something in the title that admittedly has nothing to do with the book, is an easily chargeable offense.
“My title was geared toward keywords that I believed interested buyers would use: HIDDEN GAME OF BASEBALL Thorn Palmer SABR Bill James. Bill James had nothing to do with the book, but fans of Bill James would be likely to purchase it.”
This is called keyword spamming and can get your listing pulled. Bad advice. Use title keywords that are relevant to your product.
I’m planning on putting a winter jacket up for sale on e-bay (first-time seller.) Do you think I would get a significantly better price if I waited until October or November to list it, when more people are likely to be looking for a jacket?
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pls help i am a beginer want to sell stuff on e bay can u help tell me best book to buy that explain in simply english how to do it.
I agree with the tips and with Adeel regarding the extra postage costs - it does take the sting out of the eBay and Paypal fees - just don’t be extortionate!
Most all items I see with reserves go unsold bc people get tired of wondering what they are going to have to pay. If you go to a store and find an item with no price tag, chances are you will not take the time to go all the way to the front to get a price in case it is too high. Not only that, say you do take that time, if the price is not as desired you will say no and give it back. The idea on ebay is there is no way to know this mystery price till it is too late. Many people are not willing to take that risk. I buy all the time on ebay, and I see the same listings for those trying to place a reserve being re-listed 3 times over with significantly lower reserves or no reserves the next time around (just throwing away $ on re-lists). You may as well set your starting price higher and let people know up front what you expect than play these games; just because you get a bite 1 out of 10 times does not make it effective. Would you you invest all your money into a stock that only returned 10% of the time?