Online auctions are as popular as ever, and eBay remains the number one auction site where millions of transactions are handled every day. In order to get a good price for your products, you need many bids and potential buyers, and at eBay this is always possible. If you want this to happen, though, you have to do more than create an auction, you also have to know how to optimize it. Your goal is to attract more bids for your items, and you can do this by making some adjustments in the way you run your auctions.
If you have a product you know is going to be popular, the best strategy is to let people start bidding low, as this will bring more attention to the auction. In other words, if you’re selling an item that you know is hot, you should let the bidding start at a low price. You don’t want to give people the idea that you’re selling a low quality item, though, so don’t start the bidding at below one dollar. Be reasonable when pricing your product low, because when the users are searching for an item related to yours by using the “lowest price” filter, your product will come up on the top. You should always try to increase the rate at which you open new auctions. Do something different instead of taking the full seven days like most people; run some shorter auctions. Your auction listing will be more prominent in the Auction Ending Soon list as well as the Best Matches list. When people want an item right away, they don’t want to wait till the auction ends. Many times people won’t even bid until there is a day or two left for it to end. You will have to decide about whether or not to pay the scheduling fees or sell more volume.
Remember that everything you do, including the customer service you provide and the way you package and ship items to customers, contributes to the image people have of your company. It wouldn’t do much for your image, for example, to send a package in a tattered box that wasn’t properly taped. When products are packaged well, it gives the buyer an immediate good impression when he/she opens it, and it also ensures that it arrives safely.
In other words, when it comes to running auctions on eBay, or any internet auction for that matter, applying a few simple optimization techniques can greatly improve your results. If you don’t optimize your listing, you’re leaving your results to chance and you probably won’t get the price you want. So don’t take your auctions for granted and put in the effort to make them stand out from the crowd.