Seller Tips on eBay: Three Selling Tips on eBay

If you have an old wedding or Christmas present that you have never even taken out of the box, then it's time to clear it away from your house. You could throw it away, but you are better served to put it on eBay first, as there may be someone out there that thinks your junk is actually gold. Selling items on eBay can be fun and profitable, even more so if you follow these three important tips

-Be patient and go for the 7-day auction. Some people are impatient when posting items on eBay and simply use a 1 or 3 day auction, as they don't want to wait a whole week to make the sale. If you are selling a popular item that sells like hot cakes, then you will get away with a short auction, but if you are selling something odd and unpopular like a an electronic pair of nose clippers, then you are better off with a 7-day auction. It make take AT LEAST 7 days before you even get ONE bid for that item, so the longer the better. If you post an odd item for a 1-day auction, you more than likely will have to re-list the item.

-Sell at a decent time. This is often overlooked, but you must make sure that your auction ends at a convenient time. The best way to maximize your profit is to maximize your potential bidders, so your end-time is extremely vital in your auction. The ideal time to have your auction end is between 6 and 10 PM. If you have your auction ending at 2:00 PM on a Tuesday, then you will lose many potential bids due to people being at work or school. A good time to end your auction is between 8 and 9 PM on a Sunday night. Most people don't go out on Sunday nights, so this is a good time to find many people browsing the web. This is a good ending time for East coast people only, though! If you live on the west coast, then you should make your auction end no later than 7 PM. If you end it any later, you will miss out on potential bidders, as several people on the east coast are already sleeping.

-Set an attractive starting price. If you expect to get $100 on a particular item, then don't start it at $100. Even though that may be a good deal on your item, that starting price will turn off many potential bidders. It is better to start it off at around $25 or $30, which in turn will bring in more bidders and more "watchers." Auctions with low starting bids accumulate many more bidders and watchers than the higher-priced starting bids. Plus, you gain more trust from buyers this way. If you start off with a huge starting price, then buyers may think you are a greedy and selfish individual . . . and may even think that you are not trustworthy. With the low starting price, you end up with a fierce competition from several bidders . . . and before you know it, you may be selling your item for much more than you expected.

Utilize the three above mentioned tips and you will have a much better chance at bigger and heartier profits on eBay!