[...]... us that a large percentage of the merchandise that is bought is an impulse buy If your items are available at your customer’s convenience, rather than yours, your profits will soar 7) You can sell to the entire planet If you are selling in your home town, your buyers are limited to those people in your geographical area With the Internet, the world is your customer The typical merchant can expose... bids so the bid entered 10 – 20 seconds before the end of the auctions usually wins Many people take this very seriously They use pagers, alarm clocks, etc., to sound the alert Some even schedule their entire afternoon around an expiring auction Then they may regale the crowd in the chat rooms the next day… … with play-by-play tales of their savvy moves! Strategy #3 Use the two screen strategy In the event... about the item to have its number 23 Make Your Net Auction Sell! iii) By seller lots of serious auction sellers use this search method to keep themselves informed about their “competition.” Personally, I think there is so much opportunity in the auction business that there is very little reason to be concerned about what others are doing iv) By the bidder this can be a very powerful way to learn your. .. explaining the reason for the withdrawal If you absolutely must retract, do it before the auction is over to reduce the damage It is unfair to leave the seller hanging after the auction is over Even 35 Make Your Net Auction Sell! if your explanation is accepted, it will go into your feedback profile and make future sellers and buyers wary of dealing with you A seller may always refuse to sell to any particular... do the necessary prep work And then there will be nothing to repair later on Ken Evoy (SiteSell.com) often quotes Benjamin Franklin “By failing to prepare, you are preparing to fail.” Now let’s bid on your first item It’s the best way to learn how to be a competent super-achieving seller and make the kind of profit margins your heart desires 28 Make Your Net Auction Sell! 6 The Bidding Process The. .. you can see, the current price is $360 and the reserve isn’t met yet Here are other examples of reserve items This is a typical reserve auction After the description is the notation “Res.” This lets prospective buyers know that it has a reserve price 31 Make Your Net Auction Sell! On this car, the reserve price isn’t met at $10,100 If it is not met, the car will not sell at the end of the auction, even... some of the most heavily-traveled consumer locales in the world Again and again, eBay urges its trading community to check feedback, to check the reputation of the seller When you auction your products or services, you can be sure that many buyers will indeed do just that The Internet is famous for its anonymity but that isn’t wise if you want to sell over the Net, whether on an auction or not If your. .. rhetoric Net auctions are the simplest way on this planet for the “little guy” to make money 1) Targeted customers are at your doorstep With an Internet auction, your customers are already there and they come to you! We don’t have to look for customers because the auctions sites have already created a name for themselves, and they continue to attract millions of customers But more importantly, they... “Match Case.” If you’d like to find the next occurrence of MWR, just hit either Control-g (Windows) or Command-g (Mac) 5) Links to the Web Links to the Web appear like this http://buildit.sitesell.com/ To hyperlink to the URL, open a connection to the Internet Then click anywhere on the blue URL to go there But first set your browser Click to open this preference window then • Click Browse (for Windows... strategies… 6.6 Kinds of Auctions The typical auction is the nice straightforward kind of winner-takes-all However, there are special auctions, and one kind in particular is critical for any seller who wants to reach the top pinnacle in the auction business Here is a quick overview of the different kinds 1) Reserve Auction We have already explained this kind of transaction Reserve auctions are a very small . I’ll meet you there Make Your Net Auction Sell! 19 4. Five Minutes to Start Before you can play the Net auction game, you have to get on the team. Registration. traffic-generating, income-producing Web site where… Make Your Net Auction Sell! 6 • You own your traffic (if you don’t own your traffic, you don’t own your business) •