Tags |
|
|
Links |
|
|
Actual for You - What is the Best Duration for an eBay Auction?
A vending machine is a machine which dispenses merchandise when a customer deposits money validated by a currency detector adequate for buying the item needed without the presence of personnel or an employee.A vending machine business is a path to owning your own business. It provides various options and advantages that are helpful for anybody who wants to start their own business.* You could start it as a part time business while maintaining a regular job and salary. You could choose whether to start with small or big capital and continuously expand it. Once you have surpassed your regular salary from a full time job then it's time to decide if you are going to full time vending machine business.* The business immediately earns money as soon as the machines are installed in their respective locations where they are being utilized by people everyday, even through times of inflation and depression.* Vending is the largest money making business worldwide. There is no problem in cash collections, credit risks, bad checks and account
2. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 3 days. Yes, you can do this - as long as there is at least 12 hours left. Wait for someone to buy.
3. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 5 days. Wait for someone to buy.
4. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 7 days. Wait for someone to buy.
5. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 10 days. (Don't forget this will cost you a small fee on eBay.com) Wait for someone to buy.
6. The auction concludes naturally.
This might look complicated, but it isn't really once you get the hang of it. Of course, at any point during the above process someone could buy your item and your auction closes automatically. If you have another of the same or similar item to sell, you can re-list it.
f) Fixed Price auctions - Multiple Items
With a Fixed Price auction for multiple items, I would recommend you set the auction duration to the maximum - 10 days, or 7 days if you're not prepared to absorb the extra fee on eBay.com.
When you have multiple items it is not advisable to use the ploy described above for Fixed Price single item auctions. This is because as soon as you receive a bid (in this case it would be a Fixed Price sale), you are unable to modify the auction duration even though you may ha
Unlike a lot of people I've met, I've never had a problem getting up in front of people and speaking. I guess I just like the attention. This doesn't necessarily mean I've been very effective a it, in the past. Wanting to do it is only half the battle. I had to work on my speaking skills through practice and use of good speaking techniques.But what if you'd rather eat dung beetles then get up in front of people and deliver a presentation?No problem, the techniques I'm about to review with you can help anyone be a more effective speaker.1) Talk to a group like you talk to an individual. Be informal, yet polite and professional. An easy way to do this is to make eye contact. Not general eye contact, but with one person at a time. If the group is small, move back and forth connecting with each individual person. If the room is larger, divide it into sections and make eye contact with someone in each section, being careful not to duplicate until you've made the connection with everyone.2) Start with a story. Tell your a
But which duration is best for your auction?
In this article, I'll give you some pointers designed to assist in answering the question.
You might wonder why you would ever wish to have less than the maximum exposure i.e. 10 days? Surely running your auction for the longest time would give bidders more opportunity, and therefore a higher sale price would result? Certainly eBay.com would appear to think so, as they currently charge a fee of $0.20 for the privilege of operating a 10 day auction.
However, if you have a very popular item or if you have many identical items to sell, it may pay you to have a shorter auction duration. Also, it pays to consider the end point of your auction very carefully. In addition, if you are running a Fixed Price auction, there’s a little trick you can employ to give you extra exposure.
So, let's review the elements to consider in the setting of your auction duration.
a) Start/end day of auction
In my experience, for most categories, the weekend is by far the busiest viewing period on eBay. I would estimate that around 50% of views of my auctions take place on Saturday and Sunday. In setting auction duration, therefore, the weekend peak could be important to your success.
If you can arrange to end an auction on Sunday night, you get the benefit of those who wait until the end of the auction to bid, plus the enhanced viewing traffic numbers which appear during the weekend.
This means if you're posting an auction on Tuesday night, a 5 day auction could be good.
Having said that the weekend is the busiest for most categories, some could benefit from a midweek closing date. Items in this category would include those in which goods are offered for business users.
If your item is targeted at businesses, you want people to bid for your item while they are at work. In these instances, make sure your auction covers working days, and concludes during work time. It has also been found that office equipment and supplies sell well in the morning.
Be conscious of the time when you post your auction, as this is the exact time it will finish a number of days ahead. There's potentially a great deal of difference between an auction closing at 10 o'clock on Sunday night, and 10 o'clock on Sunday morning. If you can pitch your auction to be the former, you could benefit significantly from those extra weekend viewers. (Note the section on Time Zones later.)
b) Known popularity of the item
If you know your item is very popular, and your past experience shows that you will always sell at or more than the price you want, even outside of normal peak periods, then a 1 or 3 day auction could be appropriate. The benefit of a 1 or 3 day sale is that you can sell more items, more quickly.
c) Awareness of eBay sort facilities after searching
Whenever eBay's search is used by an eBayer, the default is that it returns auction titles in the order of how long auctions have left to run. Auctions which have minutes, or seconds to run, will appear first in the returned list. Auctions which have 9+ days to run will be at the end. And the list may run to many, many pages.
Experience has shown that eBayers tend to look only at one or two pages in returned lists. This means it is important you get your auction onto these first two pages at some point in its life - another reason why a 1 or 3 day auction might be better than a 7 or 10 day duration.
Be aware too that a high proportion of bidding activity takes place towards the end of an auction. This is natural. Buyers are on the lookout for bargains. If they can nip in with a bid at the end of the auction, they might get the item at a good price and there may not be time for others to top their bid. (Buyers can also use "sniping" software, designed to place a bid at the latest possible time on auctions which are of interest to them.)
However, the searcher can easily re-order the returned titles list. A popular option is to re-order the list into "newly listed" sequence. The top of the list will now show auctions which have been newly added to eBay. This is why there is sometimes a blip of bidding activity at the beginning of an auction as well as at the end.
d) Time Zones
eBay's default is to commence your auction from the time you submit it. As you know, this means it will terminate at that exact time, the number of days ahead that you select as the duration. However, if you're offering your item internationally you should give consideration to the time zone you're aiming for in terms of auction finish point.
For example, in the USA half of all eBay members reside in the Eastern Time Zone. So an auction ending at 10pm Pacific Time is fine for west coast eBay members, but over on the east coast this is 1am! So you're effectively losing around 50% of potential bidders at a critical point in your auction.
eBay does provide an option whereby you can schedule your auction to commence at a specific time (and on another day). In fact you can set your auction to start at any time and day up to 21 days ahead. This means you can commence your auction according to the timing you believe will attract the most viewers. There is a small fee for using this feature.
This is a useful capability if you want to create your listings in advance, and then have them released onto eBay in a phased sequence.
e) Fixed Price auctions - Single Item
I mentioned a little trick earlier. Well, here it is. With a Fixed Price auction for a single item you could consider managing your auction duration dynamically. You need to be monitoring your auctions closely i.e. throughout the day, to undertake this technique.
When bidders do a search on eBay, you know the auctions with the least amount of time left appear at the top of the returned list. So it is advantageous to keep the remaining time on your auction as short as possible. This is a way in which you get four bites of that cherry for a single listing fee.
1. Start your Fixed Price single item auction off with 1 day duration. Wait for someone to buy.
2. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 3 days. Yes, you can do this - as long as there is at least 12 hours left. Wait for someone to buy.
3. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 5 days. Wait for someone to buy.
4. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 7 days. Wait for someone to buy.
5. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 10 days. (Don't forget this will cost you a small fee on eBay.com) Wait for someone to buy.
6. The auction concludes naturally.
This might look complicated, but it isn't really once you get the hang of it. Of course, at any point during the above process someone could buy your item and your auction closes automatically. If you have another of the same or similar item to sell, you can re-list it.
f) Fixed Price auctions - Multiple Items
With a Fixed Price auction for multiple items, I would recommend you set the auction duration to the maximum - 10 days, or 7 days if you're not prepared to absorb the extra fee on eBay.com.
When you have multiple items it is not advisable to use the ploy described above for Fixed Price single item auctions. This is because as soon as you receive a bid (in this case it would be a Fixed Price sale), you are unable to modify the auction duration even though you may ha
One of the key elements that will help a person make money fast online is the business idea they end up implementingThis is clearly illustrated by a Washington Post article that gives various case studies of entrepreneurs who make huge amounts of money fairly fast from their online venture. The article gives the example of David Miles Jr. and Kato Leonard, a pair of 20-year-olds in Louisville, who make a staggering $100,000 every month from their website. Their site gives away designs that folks can use on MySpace social networking pages.Simply judging from the ingenious idea that the pair have come up with, it is not surprising that they are raking in the kind of money in one month, most people don't even make in a year.Clearly anybody intending to make some serious money online, fast, must come up with an excellent idea. So how do people find ideas?Actually this has been a major challenge in business, long before the World Wide Web came along. It is important that you stick with something that you are already familiar with and
This means if you're posting an auction on Tuesday night, a 5 day auction could be good.
Having said that the weekend is the busiest for most categories, some could benefit from a midweek closing date. Items in this category would include those in which goods are offered for business users.
If your item is targeted at businesses, you want people to bid for your item while they are at work. In these instances, make sure your auction covers working days, and concludes during work time. It has also been found that office equipment and supplies sell well in the morning.
Be conscious of the time when you post your auction, as this is the exact time it will finish a number of days ahead. There's potentially a great deal of difference between an auction closing at 10 o'clock on Sunday night, and 10 o'clock on Sunday morning. If you can pitch your auction to be the former, you could benefit significantly from those extra weekend viewers. (Note the section on Time Zones later.)
b) Known popularity of the item
If you know your item is very popular, and your past experience shows that you will always sell at or more than the price you want, even outside of normal peak periods, then a 1 or 3 day auction could be appropriate. The benefit of a 1 or 3 day sale is that you can sell more items, more quickly.
c) Awareness of eBay sort facilities after searching
Whenever eBay's search is used by an eBayer, the default is that it returns auction titles in the order of how long auctions have left to run. Auctions which have minutes, or seconds to run, will appear first in the returned list. Auctions which have 9+ days to run will be at the end. And the list may run to many, many pages.
Experience has shown that eBayers tend to look only at one or two pages in returned lists. This means it is important you get your auction onto these first two pages at some point in its life - another reason why a 1 or 3 day auction might be better than a 7 or 10 day duration.
Be aware too that a high proportion of bidding activity takes place towards the end of an auction. This is natural. Buyers are on the lookout for bargains. If they can nip in with a bid at the end of the auction, they might get the item at a good price and there may not be time for others to top their bid. (Buyers can also use "sniping" software, designed to place a bid at the latest possible time on auctions which are of interest to them.)
However, the searcher can easily re-order the returned titles list. A popular option is to re-order the list into "newly listed" sequence. The top of the list will now show auctions which have been newly added to eBay. This is why there is sometimes a blip of bidding activity at the beginning of an auction as well as at the end.
d) Time Zones
eBay's default is to commence your auction from the time you submit it. As you know, this means it will terminate at that exact time, the number of days ahead that you select as the duration. However, if you're offering your item internationally you should give consideration to the time zone you're aiming for in terms of auction finish point.
For example, in the USA half of all eBay members reside in the Eastern Time Zone. So an auction ending at 10pm Pacific Time is fine for west coast eBay members, but over on the east coast this is 1am! So you're effectively losing around 50% of potential bidders at a critical point in your auction.
eBay does provide an option whereby you can schedule your auction to commence at a specific time (and on another day). In fact you can set your auction to start at any time and day up to 21 days ahead. This means you can commence your auction according to the timing you believe will attract the most viewers. There is a small fee for using this feature.
This is a useful capability if you want to create your listings in advance, and then have them released onto eBay in a phased sequence.
e) Fixed Price auctions - Single Item
I mentioned a little trick earlier. Well, here it is. With a Fixed Price auction for a single item you could consider managing your auction duration dynamically. You need to be monitoring your auctions closely i.e. throughout the day, to undertake this technique.
When bidders do a search on eBay, you know the auctions with the least amount of time left appear at the top of the returned list. So it is advantageous to keep the remaining time on your auction as short as possible. This is a way in which you get four bites of that cherry for a single listing fee.
1. Start your Fixed Price single item auction off with 1 day duration. Wait for someone to buy.
2. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 3 days. Yes, you can do this - as long as there is at least 12 hours left. Wait for someone to buy.
3. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 5 days. Wait for someone to buy.
4. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 7 days. Wait for someone to buy.
5. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 10 days. (Don't forget this will cost you a small fee on eBay.com) Wait for someone to buy.
6. The auction concludes naturally.
This might look complicated, but it isn't really once you get the hang of it. Of course, at any point during the above process someone could buy your item and your auction closes automatically. If you have another of the same or similar item to sell, you can re-list it.
f) Fixed Price auctions - Multiple Items
With a Fixed Price auction for multiple items, I would recommend you set the auction duration to the maximum - 10 days, or 7 days if you're not prepared to absorb the extra fee on eBay.com.
When you have multiple items it is not advisable to use the ploy described above for Fixed Price single item auctions. This is because as soon as you receive a bid (in this case it would be a Fixed Price sale), you are unable to modify the auction duration even though you may ha
The exit interview is not a time to burn bridges with your old company. It has become a very common ritual throughout corporate America, and the idea behind it is to find out from departing staff members, when they no longer have to worry about protecting jobs, exactly what things at the company can be improved upon. The interview is deigned to be a tool for making a company more efficient and a better place to work. However, many employees who are leaving an organization use this as a time to vent frustrations they may have felt. They see it as a personal gripe session, and loose inhibitions, sometimes venting personal ad homonym attacks against co-workers, and especially against former supervisors and bosses.This is never a wise idea. Dale Carnegie and other personal growth gurus have told business people for many years that it is never good to burn bridges and offend someone when you could just as easily avoid it. It comes down to the old saying, “you can catch more flies with honey than with vinegar.” Keep that saying in mind before the ex
Experience has shown that eBayers tend to look only at one or two pages in returned lists. This means it is important you get your auction onto these first two pages at some point in its life - another reason why a 1 or 3 day auction might be better than a 7 or 10 day duration.
Be aware too that a high proportion of bidding activity takes place towards the end of an auction. This is natural. Buyers are on the lookout for bargains. If they can nip in with a bid at the end of the auction, they might get the item at a good price and there may not be time for others to top their bid. (Buyers can also use "sniping" software, designed to place a bid at the latest possible time on auctions which are of interest to them.)
However, the searcher can easily re-order the returned titles list. A popular option is to re-order the list into "newly listed" sequence. The top of the list will now show auctions which have been newly added to eBay. This is why there is sometimes a blip of bidding activity at the beginning of an auction as well as at the end.
d) Time Zones
eBay's default is to commence your auction from the time you submit it. As you know, this means it will terminate at that exact time, the number of days ahead that you select as the duration. However, if you're offering your item internationally you should give consideration to the time zone you're aiming for in terms of auction finish point.
For example, in the USA half of all eBay members reside in the Eastern Time Zone. So an auction ending at 10pm Pacific Time is fine for west coast eBay members, but over on the east coast this is 1am! So you're effectively losing around 50% of potential bidders at a critical point in your auction.
eBay does provide an option whereby you can schedule your auction to commence at a specific time (and on another day). In fact you can set your auction to start at any time and day up to 21 days ahead. This means you can commence your auction according to the timing you believe will attract the most viewers. There is a small fee for using this feature.
This is a useful capability if you want to create your listings in advance, and then have them released onto eBay in a phased sequence.
e) Fixed Price auctions - Single Item
I mentioned a little trick earlier. Well, here it is. With a Fixed Price auction for a single item you could consider managing your auction duration dynamically. You need to be monitoring your auctions closely i.e. throughout the day, to undertake this technique.
When bidders do a search on eBay, you know the auctions with the least amount of time left appear at the top of the returned list. So it is advantageous to keep the remaining time on your auction as short as possible. This is a way in which you get four bites of that cherry for a single listing fee.
1. Start your Fixed Price single item auction off with 1 day duration. Wait for someone to buy.
2. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 3 days. Yes, you can do this - as long as there is at least 12 hours left. Wait for someone to buy.
3. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 5 days. Wait for someone to buy.
4. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 7 days. Wait for someone to buy.
5. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 10 days. (Don't forget this will cost you a small fee on eBay.com) Wait for someone to buy.
6. The auction concludes naturally.
This might look complicated, but it isn't really once you get the hang of it. Of course, at any point during the above process someone could buy your item and your auction closes automatically. If you have another of the same or similar item to sell, you can re-list it.
f) Fixed Price auctions - Multiple Items
With a Fixed Price auction for multiple items, I would recommend you set the auction duration to the maximum - 10 days, or 7 days if you're not prepared to absorb the extra fee on eBay.com.
When you have multiple items it is not advisable to use the ploy described above for Fixed Price single item auctions. This is because as soon as you receive a bid (in this case it would be a Fixed Price sale), you are unable to modify the auction duration even though you may ha
Inventory control is the most basic form of protection that you should have in your retail establishment. If you have people come into your location, then you need to make sure they are not leaving with anything that they should not be. But, many business owners do not know the right way to handle inventory control. There are various methods that you can use and they all work well in their specialties. If you have had enough with shoplifting, employees stealing or other loss prevention issues, then it is time to consider a reliable inventory control system.First, take a good look at your options. There are several options in front of you as well. For many, a simple security system of some sort can be installed. For others, you can count on using a security team. Regardless, there are many options out there that can help you with your inventory control issues. But, how will you choose the correct one for your specific needs? Here are some things that you need to consider.• While you will want to consider several systems, you’ll want t
For example, in the USA half of all eBay members reside in the Eastern Time Zone. So an auction ending at 10pm Pacific Time is fine for west coast eBay members, but over on the east coast this is 1am! So you're effectively losing around 50% of potential bidders at a critical point in your auction.
eBay does provide an option whereby you can schedule your auction to commence at a specific time (and on another day). In fact you can set your auction to start at any time and day up to 21 days ahead. This means you can commence your auction according to the timing you believe will attract the most viewers. There is a small fee for using this feature.
This is a useful capability if you want to create your listings in advance, and then have them released onto eBay in a phased sequence.
e) Fixed Price auctions - Single Item
I mentioned a little trick earlier. Well, here it is. With a Fixed Price auction for a single item you could consider managing your auction duration dynamically. You need to be monitoring your auctions closely i.e. throughout the day, to undertake this technique.
When bidders do a search on eBay, you know the auctions with the least amount of time left appear at the top of the returned list. So it is advantageous to keep the remaining time on your auction as short as possible. This is a way in which you get four bites of that cherry for a single listing fee.
1. Start your Fixed Price single item auction off with 1 day duration. Wait for someone to buy.
2. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 3 days. Yes, you can do this - as long as there is at least 12 hours left. Wait for someone to buy.
3. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 5 days. Wait for someone to buy.
4. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 7 days. Wait for someone to buy.
5. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 10 days. (Don't forget this will cost you a small fee on eBay.com) Wait for someone to buy.
6. The auction concludes naturally.
This might look complicated, but it isn't really once you get the hang of it. Of course, at any point during the above process someone could buy your item and your auction closes automatically. If you have another of the same or similar item to sell, you can re-list it.
f) Fixed Price auctions - Multiple Items
With a Fixed Price auction for multiple items, I would recommend you set the auction duration to the maximum - 10 days, or 7 days if you're not prepared to absorb the extra fee on eBay.com.
When you have multiple items it is not advisable to use the ploy described above for Fixed Price single item auctions. This is because as soon as you receive a bid (in this case it would be a Fixed Price sale), you are unable to modify the auction duration even though you may ha
When Cable began as Community Antenna Television in 1948, all it did was collect over the air TV signals and send them down a cable.When Cable networks began, so did Cable advertising. The fledgling new networks sold (or gave away) ads in their programs. Memories are etched in our brain; The Amazing Slicer-Dicer, and "so you don't forget, call before midnight tonight". Eventually local cable systems were given permission to sell ads and cover up selected Ginsu Knife ads on the networks.Local Cable sales have never been great because the audience is so fragmented they can't sell it for even half what the local TV station can get for crummy time slots.However, Cable is growing in strength and numbers. Now the broadcast industry is talking seriously about the numbers and amounts of national ad sales for Cable. Viewership for the big national over the air networks continues to shrink as Cable continues to grow. It's not an even contest, yet.A recent look at the numbers show, are you ready for this? Nickelodeon is t
2. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 3 days. Yes, you can do this - as long as there is at least 12 hours left. Wait for someone to buy.
3. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 5 days. Wait for someone to buy.
4. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 7 days. Wait for someone to buy.
5. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 10 days. (Don't forget this will cost you a small fee on eBay.com) Wait for someone to buy.
6. The auction concludes naturally.
This might look complicated, but it isn't really once you get the hang of it. Of course, at any point during the above process someone could buy your item and your auction closes automatically. If you have another of the same or similar item to sell, you can re-list it.
f) Fixed Price auctions - Multiple Items
With a Fixed Price auction for multiple items, I would recommend you set the auction duration to the maximum - 10 days, or 7 days if you're not prepared to absorb the extra fee on eBay.com.
When you have multiple items it is not advisable to use the ploy described above for Fixed Price single item auctions. This is because as soon as you receive a bid (in this case it would be a Fixed Price sale), you are unable to modify the auction duration even though you may have many of the multiple items still to sell.
If you sell all your items within your chosen 7 or 10 days, then the auction closes automatically anyway.
g) Value Based Formula
If you are happier using a value based formula in setting your auction duration, here is my rule of thumb for items that I have not tried to sell before:
Min Bid amounts Set auction duration to ?5 - ?25 ($10 - $50) 5 days ?25 - ?100 ($50 - $200) 7 days Over ?100 (Over $200) 7 - 10 days
If you're selling items which from experience you know will definitely be bought at acceptable prices, then you can reduce the duration.
I hope this outline of selecting the best auction duration proves useful to you.
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.actual4u.com/article/56582/actual4u-What-is-the-Best-Duration-for-an-eBay-Auction.html">What is the Best Duration for an eBay Auction?</a>
BB link (for phorums):
[url=http://www.actual4u.com/article/56582/actual4u-What-is-the-Best-Duration-for-an-eBay-Auction.html]What is the Best Duration for an eBay Auction?[/url]
Related Articles:
Making Your Franchise Business Work
Evaluating A Franchise Before Buying
IT Marketing: Find the Decision Makers
Bookmark it:
|