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Further
Reading ...
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Start The New Year By Turning Holiday Contacts Into Contracts - Leni Chauvin
The relatives are gone. You've eaten the last of the turkey. The sales are over, and you never want to see anything with sugar in it again for as long as you live! Welcome to January, a new year, a new beginning, a time to move forward. Yet it is...
Communication: Five Ways It Can Improve Your Business - Kate Smalley
Communication: Five Ways It Can Improve Your Business If you’ve been in the business world any time at all, you’re bound to have at least one story about how poor communication jeopardized or even killed part of your business. The inability to...
Credit Card Shocker - Rosella Aranda
Have you ever looked at your credit card statement? I’m not talking about just making sure that all the transactions are correct. I’m talking about looking at the finance charges. I daresay that sometimes that figure is almost as great as the...
The Ultimate Business Success Tool - Service - Joe Bingham
What is the focus of your business? Actually deep down, what does your business really accomplish? If you look closely at any successful business, you'll find that it's main objective is service to others. In some way, whether by product, ...
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HOW TO START AN ONLINE AUCTION BUSINESS
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Written By:
Carol Woods
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Have you spent any time looking at online auctions? There are thousands of visitors to
the big online auction sites every day, looking for something to purchase! This is an
excellent place to find buyers of your products without having to do any significant
marketing, and an inexpensive way to start making money without much upfront
investment.
Heres how to get started:
First, decide what you will sell.
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You can sell most anything via an online auction, but here are a few items Ive seen do
very well in this venue:
* Collectibles of any sort
* Childrens items, especially clothing and toys
* Handmade items, including quilts, soap, and dollhouse items
* Craft supplies
Select your venue:
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Decide which online auction you will use to sell your items. Ebay
(http://www.ebay.com) is the site with the most traffic, so it is an excellent choice, but
Yahoo! Auctions (http://auctions.yahoo.com) and Amazon Auctions
(http://auctions.amazon.com) both get significant traffic.
Also keep in mind that there may be specialty auction sites for your particular item with
customers looking only for what youre selling.
Once youve selected your auction site, sign up for a sellers account.
Find your products:
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There are many ways to locate products to sell. Heres a list to give you some ideas:
* Visit garage sales and flea markets
* Peruse sale racks at local shops
* Go to discount or dollar stores
* Watch your newspaper for inventory closeout sales
* Locate wholesale sources; buy large lots and sell in small lots
* Start a consignment service, where you sell items for others for a fixed fee or
percentage of the auction price
List your item:
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Develop an auction title with as much compelling information as - continued below ...
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continued ...
possible, including a
brand, size, color, and brief description. Write a description with a lot of detail, both to
give potential buyers as much information as possible and to provide lots of keywords
for searches. Include a good quality photograph of the item so prospective buyers know
what theyre getting.
Set yourself up for repeat sales:
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Ship promptly, and leave feedback for your buyer as soon as they pay you. Then, set
yourself up for repeat business by:
* Including a card in your package with a link to your web site, your ebay user name, or
other information about you to help them reach you later and to understand at a glance
what types of items you sell
* Contacting the buyer after they should have received your item to see if they are
satisfied, and ask if they would like to be contacted when you list new items. Send out
updates to all who agree when you do new listings.
Heres where to learn more:
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Make Your Net Auctions Sell! is an excellent guide to everything about online auction
selling. You can read more about it by visiting their web site at
http://mynas.sitesell.com/ibb.html
You can receive a free 5-day email course called Net Auctions Masters by sending a
blank email to mailto:tnamsibb@sitesell.net
New to auctions? Visit ebay at http://www.ebay.com and see what we're talking
about! Do a search on anything you can think of, you will be amazed!
About the Author
Carol Woods is the editor of Work at Home Income, a weekly publication of Income
Building Blocks. IBB offers free ideas, information and inspiration for moms who work
at home or want to! For lots of free ideas to help you find a work at home job or start
a home based business, visit us at http://www.income-building-blocks.com and sign up
for Work at Home Income!
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| _Additional Resources ... |
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Real Estate Investor Banned From Renting His Property? - Mark Walters
Do you realize that you might be prevented from renting your investment home? Prohibiting property owners from leasing their properties is a trend that is growing increasingly popular with some developers and many Homeowners' Associations (HOA). ...
Book Summary: First, Break All the Rules - Regine Azurin
Book Summary: First, Break All The Rules This article is based on the following book: First, Break All The Rules ‘What The World’s Greatest Managers Do Differently’ By Marcus Buckingham & Curt Coffman Simon & Schuster 271 pages Based on a mammoth...
Are You An Innocent Victim of These Popular Myths? - Karin Workman
Misconceptions, misinterpretations and just plain “untruths” are floating about income taxes. Believing them could be costing thousands of tax dollars! Myth: A Professional Tax Preparer knows all there is to know about taxes so you don't have to...
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