A lot of auction sellers seem to be missing out on untapped merchandise to sell for profit. They seem to be forgetting the smaller online auction sites out there. There are literally 100’s if not 1,000’s of smaller online auction sites out there.
A lot of auction sellers seem to be missing out on untapped merchandise to sell for profit. They seem to be forgetting the smaller online auction sites out there. There are literally 100’s if not 1,000’s of smaller online auction sites out there such as http://coolbidz.com or http://auctionfire.com with tens of thousands of articles for sale.
The best part of it is that most of the auctions on the smaller sites tend to sell for much less than they would on eBay or Yahoo Auctions allowing you to buy then sell for higher profits on bigger sites.
Example: A friend of mine recently bought a bubble jet printer on http://www.coolbidz.com for only $25 that was the starting bid and fortunately for him there were no more bidders. He paid for the item and he asked the seller if he could hold on to it for a few days before shipping. He then listed the item on Bay and re-sold it for $78 a profit of $53. He then contacted the original seller and asked him to deliver it to the address of his eBay buyer, cleverly saving him time, money and the effort of posting the item.
A total of $53 profit for doing nothing but acting as the middle man.
A lot of these smaller sites have sellers listing wholesale items for far less than the bigger auction sites.
Also, many people don’t have credit cards or don’t agree with the high charges incurred on the bigger sites so only use the free auction sites such as www.coolbidz.com etc..
Check out the niche auction sites, there are many bargains to be had there which can be turned into profit.
I advice you to visit these smaller online auction sites, see what is listed and what they are selling for, then comparing them to the bigger sites.
Making money on auction sites is great fun but making money for nothing is better
Good Luck
Tips on How To Create A Market Presence With Your Online Store
Setting up the website is the easy part, generating customers and sales is the hard part. You must look at your online store or auction site as a real store front in the market place.
Don’t Give Away Your Online Auction Profits To The Big Boys
Listing your goods on large online auctions sites can be an expensive way to sell your products. Also there is a lot of behind the scenes work for example: sourcing your products, emailing customers, packing, trips to the post office etc. You may find that a good percentage of your profits are being eaten up by the auction site fees alone.
