How To Sell On Online Auctions

Ah the vastness of the internet. Seems like a place where dreams are made and broken, where millionaires and has-beens all vie for that internet pie that promises massive financial gain and open ended answers to every question. The online auction has become a simple of the transaction of goods on a global scale, the international yard sale where everyone can and will exchange everything. So you may be familiar with the idea of buying stuff on eBay and Amazon, but how do you go about selling on online auctions?

In order to sell on an online auction, you must understand the nature of the auction itself. An auction is essentially a large clearing house where anyone can attempt to put up anything for sale at any given time. So, if you intend on utilizing any one of a number of online auctions, first decide what is your goal. Define you goals so that you can get more out of the online auction scene. Do you want to sell a single item of yours that has been collecting dust in the garage or do you want to make a business of buying goods and then selling them on the internet? If the latter is the case you need to make a strategy.

If you are interested in testing the water by selling a few items on an online auction, the first step is to make an account. You will need a way to accept your payments for any item you successfully sale. The easiest and most convenient way to do this is to open up a Paypal account, and have it anchored directly to your bank account. After you have managed your payment scheme, you need to take a look at how other people who are selling similar items to what you want to sell list their items.

Take note of what you like, what makes you incline towards a particular poster. Now, once you have gathered a decent amount of back knowledge on how to list an item on an online auction for sale, you need to take pictures of your item, and list it with a decent description. Remember, that the rates which you start bidding will determine how quickly interest will be shown in your particular item. Also, sometimes it isn’t the price that sells a particular item, rather it is the rich description and pictures. So take your time and list your item properly in such a way that you would love to buy it if you were in need of it yourself. Finally, after you make a sell, make sure you follow through with quick delivery. This weighs a lot on the probability of repeated sells.

If you intend on selling on internet auctions as a business endeavor, much of the same techniques listed above should be utilized. Obviously, you will need to acquire a steady supply of items to list, and your ability to acquire items that are in demand will weigh on your ability to steadily make profits. Always keep in mind basic business theory when you are utilizing online auctions.

In conclusion, if you organize your efforts well, you have a large potential to make decent money by selling on online auctions. Even if you don’t intend on making it a business, selling on online auctions is a great way to clear out the garage. Have fun.

12 Kinds of Antique Products You Can Sell Through Online Auctions

All kinds of antiques, from dolls to furniture are certainly great sellers. But most of us are not antique dealers and may not know or care enough about them. So here are twelve things that sell like crazy that you can profit from using online auctions. (The list is not in priority order.)

1. Coins

A lot of people are coin collectors. You can buy on the Internet all kinds of foreign coins; pesos from Mexico, and coins from Brazil. Now we have the Euro, coins in the old money can only increase in value as they become a rarity.

These are very cheap coins. Some people have packaged them, like one hundred coins of the world, and they have sold at auction for £60 and £70. Many of those coins, like the Mexican peso and Brazilian one peso coin is less than a penny.

Also, Indian Head pennies and old silver, and even some current silver that’s not that old, what’s called junk silver, but it is still silver, is very popular. Some people bid this stuff up far more than what you can buy it for as base metal. It’s crazy, but that’s how it is.

2. Pocket and hunting knives

Both old and new pocket and hunting knives are very popular items. This category also includes swords.

It’s not for everyone, but if you are interested or have some knowledge of survival skills using knives, or find the history of swords fascinating these items do well online.

3. Watches and Rings

People are into some unusual watches and rings. Some of the turquoise watches and jewellery from New Mexico, was originally popular twenty years ago. But then it went out of fashion and nobody would wear it. Now, once again, it is popular.

If you can buy that jewellery at a good price, you can double and even triple your money.

4. Music boxes

Music boxes are very collectible and highly popular. They are relatively easy to ship to customers. A visit to any junk shop, car boot sale, antiques mall or market will usually yield at least one music box.

5. Holiday Season Items

All kinds of unusual items linked to Easter, Christmas and Halloween are extremely popular. People have bid items in this category way up.

6. Native American Indian Arts and Crafts

Anything to do with Indian arts and crafts is big business especially in the USA, UK, Germany and Belgium. Old arrowheads are popular, blankets, saddles, beadwork, all sorts of things connected with the Native American nations.

7. Religious Items

It doesn’t matter whether the religious items are Christian, Jewish, Islamic, Hindu or any other religion. They are all very popular.

In the Middle East they have “worry beads.” I had an Arab friend many years ago that gave me some. They don’t cost much money. I’ve seen them bid up to £25.

8. Rocks and Fossils

Rocks and fossils are very popular, perhaps because they are so collectible – they take little room up but a collection can be startling and interesting.

9. Bedspreads and Quilts

The star quilts of the North American Indians are very popular as well as the varied quilts made by the Victorians. Still a popular craft today, even modern handmade bedspreads and quilts can fetch a good price.

10. Perfumes and Colognes

This includes perfumes and colognes for both men and women. Especially name brands at a discount where people can bid for it, but get it for lower than the £50 it might normally sell for in a big department store.

11. Regional Items

Regional items have increased in popularity. People, who live in Arizona and New Mexico, California, Texas, can slip past the border and pick up Mexican arts and crafts extremely cheap, and yet double and triple their money on eBay.

If you don’t live in the States, but take a holiday in Mexico or South America, you may still find this lucrative. This category also covers tourist items bought anywhere in the world; such as African beadwork, dolls in the costume of the country, china from seaside towns in the British Isles, handbags from Egypt, it’s endless. As an aside, there is a vast, thriving market in British seaside trivia from pre-1970s.

12. Autographs

If you know, or have, anything that was signed by a famous person; a rock star, movie stars, presidents, whatever, they are bidding these up big time on eBay and the other auction sites. Some collectors’ are also keen to bid for a famous person’s item of clothing or lock of hair.

So, that’s just a summary of twelve categories that sell well through Internet auctions.

Of course you can sell thousands of other items. All sorts of books sell, for instance, there is no question about that. I’ve sold books and I’ve had three or four different companies buy books from me and resell them on eBay, Yahoo and other auction sites. However, you must either buy or print books cheap enough that you can ask for big enough discounts.

For example, a £25 book might get auctioned off at £6 or £7. Now if you bought it for £2, or printed it for £2 it shouldn’t be a problem making a steady profit. The profit margin is big enough for you to walk away with cash in your pocket.