Paid for Online Auctions

Make Money from Online Auctions

Probably one of the easiest and cheapest ways to make money from the Internet is to sell goods online. Wherever you live in the world you can sell online and you can either get rid of all your unwanted items or pick up items for reselling , but you don’t ever need to own or pay for the goods in advance. This sections shows you how to get started

If you’re based in the UK, check out the UK site. It has many more in depth features, and pages of UK information. Click HERE for more information.

Getting Started

Online auction sites are a great way to find a bargain on practically anything and an excellent way of getting the best price for selling something of your own. Online auctions are very different from their real-world counterparts. You are free to take your time browsing the listings and bidding takes place over a period of days rather than minutes. There’s also a good deal of terminology associated with online auctions which you’ll need to get to grips with.

Should you decide to place a bid or put an item up for sale, you will usually be required to register with the site. Some sites will ask you for your credit card details at this point for identification purposes. You will also be agreeing to the site’s terms and conditions which you should ensure you fully understand and accept. Bidding is usually free while selling will often command a listing fee for starting the auction and a closing fee on the successful sale of your item. These charges vary from site to site.

Auction Sites

Without doubt, the biggest and the best is eBay.com , the one the others measure themselves against. If you only use one site this has to be the one.

AUCTION TERMS

Some of the terms used at online auctions can be confusing for beginners but knowing what they mean is essential if you want to take part. Here’s an explanation of the most common terms you’ll come across. You may find that some auction sites use slightly different terminology but with the same meaning. The most common alternatives are also listed.

Bid Increment – The amount by which a buyer must exceed the current price to become the high bidder. This amount is determined by the current price and varies between auction sites.

Bid Retraction – The bidder cancels his own bid. Most sites will only allow you to do this in exceptional circumstances, if at all.

Bid Shilling – Fraudulent bidding by the seller (using an alternate account) or an associate of the seller in order to inflate the price of an item.

Dutch Auction – An auction where the seller has multiple identical items to sell to multiple winners. The final per-item price is usually determined by the lowest of the winning bids.

Escrow Service – A third party which will protect the interests of both the buyer and the seller. The buyer first sends payment to the third party. The seller is then informed that payment has arrived and sends the item directly to the buyer. After the item has been delivered to, and accepted by the buyer, payment is released to the seller. Many auction sites provide their own escrow service. If not, they will recommend a company to use

Feedback – Publicly-available ratings and comments that buyers and sellers provide on each other. Most sites only allow you to provide feedback on a user with whom you’ve completed a transaction in order to give a more accurate profile.

High Bidder – The buyer who placed the bid which would win the auction if it were to close immediately.

Maximum Bid (or Threshold) – The maximum amount the buyer is willing to pay for an item. This amount is not revealed to other users and is normally used in proxy bidding. Also called threshold.

Minimum Bid (also Starting Bid) The smallest amount that can be entered as a bid for a particular auction as set by the seller. Note that, in addition to this, there may also be a reserve price on the item.

Proxy Bidding (or Automatic Bidding) An option whereby the site automatically increases the buyer’s current bid for the item over any subsequent bids placed by other users by the lowest possible amount necessary (accounting for bid increments) to maintain the buyer as the high bidder until the buyer’s maximum bid is reached. Also called automatic bidding.

Reserve Price – The minimum price the buyer will accept for the item. This amount is not usually disclosed.

Sniping – Placing a winning bid just before an auction closes. This is a tactic used to prevent other bidders from outbidding the “sniper” or driving the price higher. Some auction sites will allow a minimum time (perhaps five minutes) without bidding activity before the auction close – pushing back the closing time if necessary. You can also use proxy bidding to combat sniping where available.

WARNING – Be wary when selling if buyer asks to use any escrow company other than those recommended by eBay, or any other unusual transaction, often involving bank drafts for amounts higher than the cost of the transaction. These are common scams using fraudulent 3rd parties or counterfeit documentation.

Now you know the basics, your next action should be to sign up for the FREE Net Auction Masters Course.

Drop Shipment

Drop Shipping is used by middlemen and mail order firms who do not wish to stock inventory of the products sold for future delivery through mail order, catalogues and internet advertising. Middlemen send single unit orders for products to manufacturers, or major stocking distributors, who in turn drop ship the merchandise direct to the customers of the middlemen. Manufacturers providing drop shipping services can gain additional sales, shift advertising costs to middlemen, offer advertising material and reduce inventory requirements. Middlemen who initiate drop ship orders shift the risks of stocking inventory to the supply source, including storage, insurance, overhead, and personnel by spending nothing on inventory, until after the product is sold.

There’s no need to ever purchase items in advance, or worry about overseas delivery and customs duty. Even if you live in another country, it doesn’t mean you can’t sell in the United States and abroad. Have items drop shipped directly to your United States customers, direct from a drop shipping company in the United States. You only pay U.S. shipping charges.

The Drop Ship Source Directory is by far the most comprehensive and highly recommended directory I have come across.

A fully cross-referenced, web-based directory of REAL Drop Ship wholesalers for over 500,000 world-class Brand Name products, updated in REAL TIME via the Internet.

For every brand name they list, you get the REAL wholesale source, their address, phone numbers, email addresses, web site, the name of the person to talk to, credit terms, ow to order, and when the contact was last updated. All sources are continually updated and re-verified for accuracy.

Instructions on how to work directly with Manufacturers and Wholesale Distributors who Drop Ship top Name Brand products right to your customer’s door. You get tips, tricks, articles and advice online at anytime; all kinds of information and advice regarding the drop shipping business.

The Drop Ship Source Directory was awarded the Internet Business Excellence Award, in the category of “Resource Most Useful to Webmasters”.

It is not a paid advertisement! They do not allow any company to “pay their way in” to the Directory. Qualified distributors are listed here for free, after verifying their authenticity. This insures the completely unbiased quality of the information.

It is not a book. The Directory is fully online, and you access it from any computer on the Internet. They add new distributors to the Directory every week.

They GUARANTEE the accuracy of their Directory:

Every distributor they list is a REAL wholesale drop shipper; no middlemen.

NO site membership fees will be charged by any distributor on the list.

All distributors will drop ship with NO minimum quantity required.

You will get a full refund if you find that any of the above statements is not accurate

Still unsure? Take a look at these credentials:

the ONLY Drop Shipping information provider to be approved as an Exhibitor at the National eBay Live Convention

Interviewed and Endorsed by Entrepreneur Magazine’s Radio Show

Interviewed and Endorsed by the eBay Radio Show

Celebrity Autographs

One of the best areas to get started in, is that of celebrity autographs. You can either contact the stars direct or simply buy up items at auction and sell again, hopefully at a profit at a later date. The advantages here are that the items take up very little room even when you’ve built up quite a collection, many can be picked up for little more than an SAE, and on a slightly morbid note, nobody lives forever so at some point in time the supply will run dry.

You may be surprised to learn that many celebrities will send you their autograph free of charge but you do have to go about it the right way, and of course you need to have the current address. The best source of addresses I’ve found is provided by Celebrity Addresses Online who have a database of over 54,000 accurate and complete addresses of movie, television, music, and sports stars, as well as politicians, models, authors, directors, artists, world leaders, religious figures, fashion designers, reporters, scientists, adult film stars, Olympians, Nobel Prize Winners, and many more public figures. They are also the premiere source for International celebrity addresses.

They are also believed to be the ONLY source in the world that offers their exclusive Celebrity Address Lists LIVE on the Internet. Where other sites post addresses that are years old, theirs are updated daily, in real time! They use a network of researchers who continually update our databases.

Plus 100% Satisfaction Guarantees…

They’ll refund you fifty-cents for every returned envelope – just send the fronts back to them!

If you’re not completely happy with the service, just let them know within 90 days for a full and prompt refund.

Full access to the database is available for just $9.95 per month.

Profiled in media like USA Today, Yahoo Finance, Entrepreneur.com, the Orlando Business Journal, and many more

Business Authors from around the world quote their name and original information in their printed, published books

Legitimate Authors and Internet Business Site owners from around the world ask permission to translate their original information into several languages

Received invitations to speak about Drop Shipping and Product Sourcing at Internet Conventions and Trade Shows all around the United States

Write About Auctions

auctionbytes.com are looking for experienced online auction users to write contributions for their newsletter.

The top items that will make you serious money on Ebay are:

  • information products (see our web sales page for suppliers)
  • reselling cd’s, videos, cassettes etc.(you get for pennies on the dollar from wholesale dealers)
  • self made arts + crafts (very good profits)
  • anything in the adult section

Recommened Reading

Written by a self-confessed eBay freak, Jim Cockrum, who has been selling on eBay for nearly 4 years, The Silent Sales Machine teaches you how to acquire and sell a product on eBay that is nearly or totally free to you, available in unlimited supply, and is very resistant to competition.

In this book he shows you one of his eBay accounts – you’ll see exactly how this system works! He has all perfect feedback on my eBay accounts. I’ve never found another eBay book that shows you an actual eBay account with real feedback!

Here are the facts about Silent Sales Machines:

Silent Sales Machines are free to start. They run with little or no maintenance.

They can be “turned on” in less than 30 minutes in some cases, and are not MLM (but you could really use this idea to explode any MLM or Network Marketing program).

They are legal, are ethical, are EVERYWHERE waiting for someone to “turn them on”, they don’t violate any eBay policies, and they are perpetual (they don’t quit).

You could literally be making money from these ideas 30 minutes from now if you are already selling on eBay.

You can actually make money on eBay auctions that don’t get ANY bids.

With very little effort you can earn cash from the efforts of others on eBay – and they’ll thank you for it!

Take a look at Jim’s site and in addition to full details about his guide, you’ll find copies of his paypal accounts, showing his eBay activity together with some of the most impressive testimonials ever seen, such as:

Jim, Congratulations on making a true, genuine, and creative contribution to the art of eBay selling. ALL eBayers should read it …Marlon Sanders (editor note – It’s a true honor to be endorsed by Marlon. This guy knows his stuff! He is a highly recognized Internet Marketing guru that charges thousands of dollars per seat for seminars. Look him up on any search engine to confirm his fantastic reputation.)

I am VERY selective about the books I recommend to my list. Yours was so good that it selected itself! Martin Avis -Avis Consulting Group (editor note – This comment was sent to Jim after Martin Avis picked ‘The Silent Sales Machine Hiding on eBay’ as one of his top 3 eBooks of the year on his website. Martin has almost 30 years experience in marketing and sales. In addition, he successfully runs an advertising consultancy dealing with blue-chip clients in the USA and Europe.)

My name is Tyler B. I have been selling and buying on eBay for about 3 years. I read your book today. It is amazing…

I ordered the “Silent Sales Machine” book and would like to give credit when it’s due. I sincerely appreciate the advice you gave in it. I sell _____ on eBay and am the largest volume dealer of _____ on eBay. In less than 4 hours I already have made more than twice the amount of money your book cost me. I am so excited and wanted to thank you sincerely. Regards, Omar

Thanks a million, Jim! Look forward to many years of financial success with the implementation of your ideas from “The Silent Sales Machine Hiding On eBay”. As an eBay Powerseller, I thought I had it pretty well covered, but your ebook opened up a whole new avenue of revenue for me! From newbie, to veteran eBayer, there is something for all to learn here! Very well laid out, easy to understand, I’m impressed! Scot S. eBay ID ‘Titletown'(6,000+ feedback on eBay – Powerseller)

I read your book three weeks ago. I had been dabbling with selling items on Ebay for over a year, but your book inspired me to start selling _______. In just three weeks I have profited $450 (I was on vacation in Florida for two of those weeks). Now that I am home, I have customers waiting… R. J. Beaty

There was one sentence in the Silent Sales book that said it all for me. After applying this technique, I am making sale after sale. I have purchased ________ from the ______ store for a quarter and have sold some of them for over $20 and $30 each. I made approximately $500 in July my first month, while still learning and experimenting with different auction categories. I have money coming in my Paypal account practically every day. L. Meade

don’t have any $2,000 dollar a day stories but I consistently bring in $1,500 a month on Ebay.com with just my front-end products and my expenses are just under $100. This is just my front-end! Thanks Jim. – B. Rodgers

If You can’t profit from reading this book, then you ain’t really trying!

Free Resources

Buildreferrals is primarily a free downline building site, but they have an enormous stock of free resources. Among the hundreds of eBooks available are:

  • eBay Marketing eCourse
  • UK-Traders UK Wholesale guide

Beginner’s Guide to Successful Online Auctions

Guide to Internet Wholesale Sources

Increase Auction Profits

Easy Auctions – Learn to sell using online auctions. Plus a large directory of completely free auctions.

The Auction Board: Highly recommended source for Online Auction News, Reviews, & Resources providing e-commerce and news tips.

Free Tools

eBay’s Turbo Lister is a tool for listing items for sale. It works from your Windows PC desktop helping you create listings and posting them to the eBay site. As a seller, Turbo Lister will help you list items on eBay more quickly and easily than when you use the ‘Sell Your Item’ form on the website. Click on “eBay Downloads” in menu at the bottom of the home page

Auction Alert notifies you when new listings matching your criteria are listed on eBay. Covers eBay USA, Canada, Australia, UK and Spain. Find newly listed By-It-Now auctions before someone else grabs the bargain, automate your common searches, search for misspellings, see all relevant results of your searches in one little window, so you can see current bids, number of bids, time until auction closes, and whether there is a buy-it-now option… all at a glance.

HammerSnipe is a reliable, secure, online service that will place online auction bids for you . . . at the last possible moment.

Bidder Block – Create a list of eBay users who will be blocked from bidding on your items.

eBay Toolbar – a helpful tool for eBay buyers, keeps track of the items you’ve bid on and those you’re watching. It alerts you before those auctions end so you can place a bid if you’d like. It could mean the difference between forgetting to bid and winning the auction! Click on “eBay Downloads” in menu at the bottom of the home page.

Auction Inspector is a software designed to analyze posts from buyers in eBay’s WANT IT NOW section in order to find untapped hidden niche markets.

It scours posts in selected categories or using selected keywords in order to find frequently repeated terms that might indicated a significant demand for a particular product. It also correlates this demand with the number of replies from sellers, and returns the results plus a calculated “potential” for the term. Terms with high “potential” are products that a lot of people are requesting, but not many sellers are responding to.

Auction Inspector can search eBay US, Au, Ca and UK sites.

Eppraisals.com – Know more about your item – whether you’re looking to sell or save it – or about items listed on an auction si

Auction Patrol.com – Includes:

MYRNA – the semi-wonder dog, searches several auction sites at once.

AUCTION PRICE GUIDE – learn what the product is worth before you buy or sell anything.

FORUMS – Chat in their online forums

Auction Directory: A growing auction and auction related site directory, now with user reviews. Now over 400 listings.

ManageAuctions offers inventory management, bulk listing, image hosting, counter and stats services, and a set of special services for managing your “sold” auctions. After you receive a “congratulations” message from an auction site, you still have a lot of work to do: notifying the winning bidder, keeping track when the payment is received and when the item is shipped, and having some further email communications with the bidder. And there is more work to do if the transaction process does not go very smoothly. ManageAuctions helps you with all of this and more!

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