Tuesday, September 26, 2006
Trying To Keep Up
Yes, I forgot the blog yesterday. I am trying to keep up with all the work here and feel overwhelmed at times. We just bought a few cargo van loads of military surplus equipment. The two days I paid attention to how long it took to load and unload were 11 hours one day and 12 hours the next. There is so much to sort and then list on Ebay, I do not know where to start.
Because we have many items that are the same, selling them will be a lot easier. With duplicate items, you only have to write the description once. Then all you have to do is relist the item. This is one of the things that makes Ebay profitable. If you have a lot of auctions running an item you have more than one of.
Not only is selling easier, if you have more than one, Ebay has a “Second Chance Offer” for bidders who did not win the auction. The way it works is: Say you get 6 bidders on you auction that started at $9.99 and the winning bidder was at $42.00, that to bidder gets the item. However, you can offer any of the other bidders a “second chance” to have the same item at whatever their maximum bid was.
For example:
$42.00 Top Bidder This bidder pays you $42.00
$41.00 2nd You make a second chance offer and this bidder accepts and pays you $41.00
$38.00 3rd You make the same offer and this bidder declines the offer since they are not obligated to buy
$27.00 4th This bidder accepts your offer and you get another $27
$12.00 5th This bid is too low so you do not offer make a second chance offer
$9.99 6th This bid is also too low.
In this example of “Second Chance Offers” you made 3 sales in one auction. You only paid to list the item once, but got 3 sales. You do have to pay the final value fee for each sale, but not the listing fee.
