Category : eBay Training

eBay Training

The Art of Clever Bidding on eBay

Have you ever lost a bid on eBay? I will be surprised if you have not. For me, I lost quite often before I found out the trick. It is quite simple to understand and it is more of “thought” than anything else.

eBay does have guide on how to do automatic bidding. However, it lacks the thought that putting higher bid live allows other bidders to bid more. Thus, the price of the product goes up! There is gain to seller as he/she gets high price and eBay who could take cut on higher value. Really buyer is paying higher price when he/she could get away with less. Right let’s get to the point!

 You have an item to bid. You know your buying power. Now, all you have to do is decide the maximum amount you could afford to pay for this item.

 STEP 1. Open up the listing page


Say for example you could afford to pay maximum £100 for this bike. This is quite popular with 31 bidding at the time of writing. Quite impressive!  You must have noticed the automatic bidding is shown as light grey. There is automatic increment in bids by 50p (orange circle) in early history and latest automatic increment is £1.0 (green circle).

 

The next bid it is expecting is £67.00, £2.00 above current maximum bid. So if there is automatic bidding in place the bidding goes up by £2.00. The increment in bidding differs when there is sudden change on the bid. However, there is only minimal change in the incremental automatic bidding so you are safe!

 

STEP 2. Open another browser window and arrange the size as shown below so that you can view both windows.

 

 

STEP 3 Put maximum amount you could afford to pay for this item, £100 in this example and click place bid. (Remember click only “Place Bid”)

 

 

You have screen like this. Do not confirm the bid.

Step 4 Leave the second window and stay on first window. You will notice the changes in bidding. If somebody bids more than £100 you lost it. You could not have afforded it anyway! Move to the second screen in last 2 minutes. When there are last 10-15 seconds left, click “confirm bid”. Now either you won or did not buy the item which could not afford.

The interesting bid is, you will pay for the item lot lesser price compare to normal bidding system which increases the value of the bike or automatic bidding system which allows other bidders to bid higher than yours.

The trick on this is to give a thought what you could afford and bid at the last minute. Love me or hate me, leave your comments !

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eBay Training

Should I add eBid to my Sales Channel ?

All I am concerned is to add sales. I have seen the sales doubled when Amazon channel was added. I believe you would add sales if you another channel eBid. Before you start reading through and wasting your time you see what people are saying which is the first thing you should research. However, whether to follow them or your thoughts is obviously your decision. You may make money with this but surely you will not lose any !

I did a quick look at Google insight which shows the level of interest among the population in the UK.

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You can see the interest grows over beginning of the year and slows down end of the year. Similarly, the interest has risen in recent years compared to past which shows there is better awareness regarding this sales channel. There is still question. Why does the interest grows over beginning of the year ? It may not be correct to say there are more unwanted items after Christmas because the interest has grown normally after February. This will be something to tease my mind.

Some Strengths of eBid

  1. 100% free to list which is very appealing and gives you a push to try. Have a look at the eBid Price Comparison Chart
  2. It has got sites in over 21 countries which shows they want to grow
  3. Loyalty system called Buddy points which you can use to bid.It can also be earned by referring your buddies and friend.
  4. You don’t have to start with zero feedback because you can import your eBay Feedback into your eBid account
  5. You can import you ebay listing easily via Ninja lister which saves you quite lot of time
This site has been voted the best eBay alternative by Webuser Magazine, and is third on TopTen Reviews. eBid has invested in server infrastruction, software, advertising and perfecting the site for efficiency and with more advertisement in 2012 it is expectd to grow. Saying tha tit is always best to do your own research before jumping into it. To help you out you can read between the lines of Wholesale forum or Trust Pilot discussion. It is up to you to make judgement !

Payment types

There are quite a few payment methods accepted unlike other sales channel. Having, PayPal and Google as options are strengths and it help to convert consumers used to them. 

  • Paypal
  • Google Checkout
  • Nochex
  • Eggpay
  • PPPay
  • Escrow
  • BACS/Bank Transfer
  • Postal orders
  • Cheque

Cost of eBid

Here’s an important factor for the business. Costing ! We all are hard hit by eBay & Paypal fees. You will eBid fees structure profitable.

There are two seler levels.

SELLER
This is meant for “evening and weekend sellers”. 

Upgrade Fee : £0.00
Auction Listing Fee : £0.00
Auction Final Value Fee : 3%

You will notice that this is tempting offer and you MUST ready this  fees chart to see what you will get out of it. The first thing I have noticed is Paypal and Google Payment are not integrated with this level.

SELLER+
This is meant for business sellers with an upgrade options
Upgrade Fee : 7 Day £1.99 | 30 Day £6.99 | 90 Day £16.99 | 365 Day £49.99 | Lifetime (special offer running) £74.99 
All Fees apart from Lifetime are recurring.
Auction Listing Fee : £0.00
Auction Final Value Fee : £0.00 

First thing I thought “Nothing is free” in this world. Then I noticed this different auction fees chart. There is 2% FVF if you want thumbnail shown in search results and all category listing pages. We all know most of us would go with this option because it is on eBay for free and consumers are used to it. One thing I recommend is keep an eye on subscription offers. They have offered half price lifetime subscription in the past.

I believe by now you have good insight on what eBid can do and probably you have already made a judgement ! Remember there is nothing to lose but always something to gain when you add sales channel to your business. Best of luck !

Testimonial

I have had an eBid account for just over 2 years and I have listed the same     items that I’m selling on eBay.  To be completely honest, the sales are around 10% of my eBay business, but once you register and pay £50 to become a seller plus account, you won’t pay any listing fees at all. You only pay a final value fee when items are sold and that’s only if you have chosen the additional options to promote the items.I must say it’s quite easy to use, because you can export your eBay listings into Turbo lister and then import them into eBid’s Ninja lister and automatically import them.So, although my eBid sales are low, as the listings don’t cost me anything I’m happy to leave them running.David Rose

Rose Computer Solutions



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eBay Strategies eBay Training

Have you ever looked at eBay Sales Reports ?

Sales Reports on eBay is very useful tool to give better direction to your business. You MUST read and use these reports if you want to:

  • Know what sells
  • Get ready for busy months
  • Keep your loyal customers
  • Up sell to the existing customerseBay Sales Report
  • Minimise surprises

Sales reports are free and Sales Reports Plus is £3.00/month which is
nothing compared to what you get out of it. I have taken in three reports with
particular item which is important to business from my perspective. However,
there is plenty of data that are useful and easily spotted which I have not
wasted my time writing on !


Sales Summary


Sold items% – I will be worried if there is no increase in this value. If
there is decrease you I would be looking why my items are not selling more ? Is
there problem  with price ? Is there problem with feedback  ? I would
definitely check my competitors price.


Avg. Sales Price per item – I am not too much worried about this figure
because you could be selling low priced item. However, you can formulate a
strategy to sell cases of the popular product so that you are selling more to
one customer which is easy operationally.


Repeat buyers %
– Most of the eBay buyers are unique. Repeat buyers are great
sign of better customer service and product. Repeat buyers are there when you
are offering prod
uct having short span of life and they come back to you rather
than wasting time for other suppliers if they are happy. It is very important to
keep buyers happy with better packaging, quick dispatch and better customer
service. These are the customer who will talk about your business to their
friends and families !


Net eBay and Paypal Fees
– If you get % of this against sales, you will get
average eBay and PayPal fees which will help you setting up the price of the
item.


Listing Feature Fees
– I would keep this to zero. You could be paying for the
extra picture feature fees without knowing. Keep an eye !
Have a look at why
you should be paying for it.


Sales By Category


Sales Vs Ended items – Increase in sales results more ended items  which
is why it is best to invest on the software which automatically relists or shows
the data of the stock availability across the sales channel. Be mindful of not
showing stock with less than certain quantity. This will prevent loss of sales
opportunity from ended items.


Sold Item % – This helps to show how much you sold in certain category
indicating you to invest more on that particular stock if you have the
increasing trend from past. It is also wise to compare this data with past years
so that you know if particular category demand normally increases in particular
month. This will help you to buy the stock in advance ready for that month.


Repeat Buyers % – This will show you if you have loyal customers which is
good thing and you know you should be keeping up with the stock all the time.
The last thing

you want is your loyal buyers come in to your store looking for
the product and its not there !


Marketplace Data by Category (All Sellers)


Sold item % – The month-to-month comparison shows you the increasing /
decreasing demand of the product. You will get the right answer when to stock
right product if you look into the past years data. Similarly, it will be nice
to create strategy like case deal, free shipping on the peak month. Don’t worry
too much about free shipping, you just need to add shipping cost on the top of
the item price. However, you should only take cost of the shipping while adding
on the top of the item price. Believe me it works !


Avg. price per item – You know what sort of price people are paying on
certain category. It is good idea to explore the category with high end average
price. This will also help you to try multi-buy deals on the certain category.

I would advise you to look into these reports every month so that you don’t miss
out the opportunity. It is also wise to look into these data when you are
planning for next period of time so you know when you should be contacting
suppliers. All these will help you to know exactly when you should do what !
Isn’t this helpful ?

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