The importance of Information for Selling on-line

The Importance of Information for Selling on-line

Recently I have tasted the benefit of good information. Two weeks ago, I read an review article on the most popular TV series in 2007. In this article, I get to know that The Sopranos is the most successful TV series among all. And I tried to sell The Sopranos Complet Season DVD set on eBay. I use auction and Buy-it-Now (BIN) combination to sell the DVDs. Just in one week, there are two customers use the BIN to buy the DVDs.

Therefore, an on-line seller should keep an eye on what is the current trend of the products that he/she is selling.

Another way to find the hot product to sell is using software. Right now I am using auction PI.

I have also purchased Auction Inspector. On ebay, there is a section called Want It Now. Buyers post what they want on this section. Auction Inspector inspects posts on "WANT IT NOW" section and tells user which products are wanted most often. It also analyzes responses from sellers, so you can immediately see the areas where sellers are already swarming, versus the areas where there are clear, open pickings for you!

Personally, I haven't seen any benefit from this software. The items listed on Want It Now are usually hard to find. So if you couldn't find the items that the buyers are eager for, then the information is useless. But it won't hurt, if you try it, because they offer 60 Day Money-Back Guarantee.

To know more about auction inspector or want to try it out, Click Here!

- The Importance of Information for Selling on-line -

My First Sale on eBay

---- My First Sale on eBay ----

My first item sold on eBay is a computer game software, Heroes of Might and Magic III and IV. It is a dropshipping. The dropshipper is a USA company who sells DVD movies, PC games, music CDs. I got the information from Salehoo.com .
I made a mistake so that I lost several bucks on this deal. I choose the mailing method to be USPS priority mail service while put the cost of standard air mail on the listing. So I have to pay 5 more dollars to let the dropshipper send the item to buyer because I really want to be a honest seller.
Another experience I learned from this sale: after I list the item for two days, I found no watcher or bidder at all. So I seach this item on eBay, and found my item's price is the highest among the same items selling on eBay. In order to made a fisrt deal, I dropped the starting auction bid amount of the item so that my item would be more attractive. But finally, a bidder won this item just at this price. I wondered that the closing time of my item is also a factor that has made me lose money on it. I post the item after 11pm...

To sum up, to get higher bidding amount, you might want to consider:

1. What is the best time frame for your item to be listed? I guess 7:00 pm to 10:00 pm is the best time period to list items, but it also depend on what type of customer you will be dealing with.
2. Choose an appropriate delivery service and set the amount of cost correctly.

Title: My First Sale on eBay

A newbie's journey on eBay

------- A newbie's Journey on eBay --------

I started selling on eBay about one month ago, currently I have 12 positive feedback. In this one month, I have tried several dropshiper and wholesaler website and some softwares, one ebook business package, one online data entry business package. I have spend several hundred bucks while earned very little amount of money. I will be sharing my online selling experience on this blog. If you are a newbie too, feel free to leave your comments. If you are quite experienced in online selling or other type of online business, you are very welcomed to leave your advices.
If you want to try to start selling or buying on eBay, please read my other article regarding how to start. You can also click the ebay banner below.



Title: A newbie's Journey on eBay