Hello — I’m back with more talk about eBay. And I’m also back with another great article by Terry Gibbs. I have a lot of respect for Terry — he is not only a very successful eBayer, but he is also willing and able to provide the guidance so many of us need on our own eBay adventures. Terry teaches people how to run profitable home-based antiques and collectibles businesses, and eBay plays a big role. Terry even wrote a book called the Auction Revolution about his eBay experiences.
Yes. There are a gazillion books out there about how to run an eBay business.
Well, let me assure you, Terry’s book is appropriately named.
It is revolutionary.
When Terry wrote his book, he started out assuming you knew absolutely nothing about eBay at all. The he gradually builds from there. The first 115 pages are all eBay. Everything from setting up an account, to writing your first listing, and getting paid. Even if you’ve been selling on eBay for some time, you will find plenty in this book to make you more successful. There’s no better way to learn than to learn from an expert.
But it is in the second half of the Auction Revolution that Terry really cuts loose. Here’s where you’ll pick up so many advanced techniques — things you may never have thought about.
Here’s one of Terry’s articles to give you an example of what I’m talking about …
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By Terry Gibbs.
If you spend anytime on eBay, you have certainly seen poorly done eBay listings. In some of these auctions the sellers are wasting money on listing upgrades that do not increase the final bid amount.
In other auctions, the sellers are making errors within the descriptions to cause bidders to flee without bidding. In some auctions, the sellers list items in the wrong category and fail to get exposure to potential bidders.
Here are some of the more common mistakes:
Poor pictures – or worse no pictures.
Inadequate descriptions.
Failure to use important keywords.
Vague title.
Wrong category.
There are other mistakes, but those five are the most common. Some auctions even have two or more of these mistakes.
You see, 95 percent of eBay sellers don’t really know what they are doing. They never spent the time to learn the right way to sell, and they don’t spend the time increasing their skills.
Everyday thousands of sellers make these mistakes and realize lower profits in their auctions. These mistakes are made because the sellers are stuck in a rut and do not know it. In many of these cases, the sellers are giving their profits to other more knowledgeable eBay sellers.
This is called eBay Arbitrage. Let me define arbitrage before I go on.
Arbitrage (n.) the purchase of items for immediate resale to profit from a price discrepancy.
The price discrepancy here results because the buyer’s knowledge and selling skills are higher than the seller’s. eBay is a 24 hour feeding ground for people who know what they are doing.
Want proof?
Here’s an example – just last month, I bought a box of old toys on eBay for $9.99. I was the only bidder. The seller charged me another $10.00 for shipping and handling. This means it cost me $19.99 to get the box of toys.
I then listed the toys on eBay in a few auctions and sold them for $754.00. A pr0fit of $734.01 before eBay fees.
This is 734 dollars the eBay seller handed me. She shared her profits with me, and never even knew it!
Let me tell you one more little tidbit of information to hammer home this point. The seller I bought the toys from is an eBay PowerSeller with over 4200 feedbacks.
Even more startling, I have made over $5500 just by buying and reselling items from this one seller in the past three years. (Please don’t tell her because she thinks I am a great customer.)
Remember, I was the only bidder on the auction above.
The problem is she is so busy selling items on eBay, she doesn’t have time to learn how to do it better. She is blindly committing the same expensive errors over and over again, and thinking she is making good money. She is like 95 percent of eBay sellers.
In the eBay Arbitrage section of The Auction Revolution you will learn:
Seven different ways to practice eBay Arbitrage. (There are actually eight ways, but only seven are acceptable under eBay’s rules.)
How to find and identify profitable items.
How to keep other bidders from finding the items you want.
The one secret ingredient you must- no ifs, ands, or buts here – you must use this to profit from eBay Arbitrage.
Of course, because you will become one of the top 5% of eBay sellers after reading the first 116 pages of the manual, you will be able to sleep at night knowing you are not the victim of eBay Arbitrage.
Here’s a comment from a Auction Revolution reader:
** After reading the Auction Revolution, I can sleep knowing that I am levering every last penny out of my auctions and they are as effective as they can be. – Stuart Morrison
Every day you delay moving into the top five percent of eBay sellers is another day of wasted opportunity. Lost profits you cannot recover. You are doing the work anyway, you should make sure you get all the rewards for your efforts.
You’ll also learn other important techniques for maximizing your eBay inc0me. You can find out more with the link below …
Terry Gibbs
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The possibilities with eBay arbitrage are endless. Terry makes some strong claims in his article, but he backs them up on his website. You will be able to see actual, real-life examples of this on his website.
Terry has also put together an eBay seller’s quiz. With the quiz, you can find out how well you are doing in your auctions.
See how you measure up by taking the Free eBay sellers quiz by clicking here…
Have a great day …