How to Make Quick Money Using Craigslist And eBay

Craigslist and eBay are both sites where people advertise their old personal belongings for sale. Here's how you can make money by buying from one and selling on the other.

Firstly, go to craigslist and create an account. Once you have created an account, write an advert in the wanted section saying that you are willing to buy any old smartphones that people have lying around. Your description, for example, would be something like this:

"I am buying all smartphones, any condition, any network. Whether they are new, used, broken. Apple, Blackberry, HTC, Samsung etc. I also buy iPods, iPads and any other tablets."

"Text me or ring me for a quote."

"your phone number"

"Your name"

Once you have created an advert, texts and phone calls should be coming in from people asking what their phones are worth. But what are they worth?

Go to eBay and click on advanced search. tick the completed listings box and type in the phone in question. For example, "Apple iPhone 4 Unlocked". Ticking the completed listings box will show you all the phones that have recently been sold that come up under your search terms. This will give you a good idea of the price that a specific phone is worth. From this you will then be able to tell how much you can offer the person for the phone so that you will make a good profit. Make sure to include eBay and PayPal fees in your calculations so you don't wind up making a loss.

You'll find that most people who contact you are looking for a quick sale, so they will be happy even if your quote isn't the best they could get if they looked around. Once you have made arrangements and collected the phone, you can now advertise it for sale on eBay. If you are new to selling on eBay and are not sure how to list your item, the basics are that you will need to write a clear detailed description, take a good clear picture and fill out everything about the phone. I will write an article on how to make a killer eBay listing soon. Make sure to include all the details of what condition it is in etc. Repeat this process to make good amounts of money on a regular basis.

The best part about this method is that you can make it easier than it already is. If you already own a smartphone you can download the free craigslist app and the free eBay app. You will then be able to create the advert, send people quotes, take the listing pictures and advertise the phone on eBay, all from your phone.

Making Money Online Out of Auction Websites - Moving Your Business Online   

Five Quick Ways to Market Your Own Website Using the Power of eBay

Hi folks, here are five quick ways in which you can advertise to potential customers that you have your own eCommerce store just by doing what you're doing anyway on eBay. Little effort required.

1. Your eBay 'About Me' page.

Anybody can have an eBay About Me page. If you can use simple HTML (notice how I keep using the word 'simple', it's because the easiest things to implement ARE simple and also the most effective) on eBay for your item listing, you should create an About Me page too. You could even use the same style code and colour, but obviously change the text to let people know who you are, what you're about and of course include a link to your own website. Shouldn't take you long to create and once it's done, it's done for good.

You should also include a link to your eBay About Me page within your eBay listings. Button link or text link is fine. Preferably in a prominent position for most attention.

2. Domain name in your contact details on your eBay listings.

When you register for an eBay account you go through the usual form filling in and one of the questions asked, as with most registrations, is your contact e-mail address. Now if you've got a website/eCommerce store you already have a domain name. Create an e-mail address called [ebaysales@whateveryourdomainnameis.com]. Use this address. Now, on every single listing you do, within the contact details at the bottom your e-mail address will be shown. People that do see it will recognize this and it will become obvious you've your own website. As an added bonus, it also looks a whole lot more professional than [jimbobjunior235@aol.com]. You can also use this in a more prominent position, say within your listing header if you like. Get it as much exposure as possible.

3. Manage Communications With Buyers.

When you sell an item on eBay, it automatically sends the buyer a notification. You can edit this message, or in our case we simply (simple again) want to thank the buyer for their custom and let them know we have a website where we sell further products that may be of interest to them. Five minutes to set up, again you only have to do this once.

4. Invoice.

You can edit the invoice that you send to your customer to include a logo. A 'simple' text logo would do, doesn't have to be expensive as long as it tells our customer what we want them to know, which is in our case that we have a website called whateveryordomainnameis.com. You can also add a message at the bottom of the invoice. You get the point of what I'm trying to say.

5. Create a flyer.

That's it! A good old fashioned flyer promoting your website and the benefits to the customer of purchasing from it. You're sending the customer their item anyway, no harm in dropping a flyer in the parcel is there? Again doesn't have to be anything fancy or expensive, just get the message over.

6. And yes I know I said five!

A technique I've used many times. Simply watermark your item images with your website address. This however is a bit of a grey area and some say you can do it, some say you can't. Like I say though, i've done it many times without a single problem. Be wary about this though and use with caution. Really great promotion for your website though!

Hope you found that useful. There are many many more ways of creating exposure for your website of course, these are just a few simple ways I use myself on eBay and can easily be implemented in no time at all.

Mark Davies

Making Money Online Out of Auction Websites - Moving Your Business Online   

How to Deal With Negative eBay Feedback

Time to look at the best way in which to deal with negative eBay feedback.

Fact is, that during your life as an eBay seller you will, at some point, be left with negative feedback. Or at the very least neutral feedback. Since your eBay feedback is probably the most important thing in your armoury as an eBay seller then it makes sense to know exactly how to deal with the situation if and when it arises.

Buyers may leave you with negative feedback for a variety of reasons. Might be that they genuinely got a raw deal. Might be that they left it by accident (this happens more often than you may think). Might be that they left negative feedback 'for a laugh' or 'because they can'. Maybe a competitor under a different guise, who knows!

What you must NOT do under ANY circumstances is fly off the handle and behave in a non-professional way. Take a step back from the situation, assess why this might have happened, react accordingly, always in a calm manner, frustrating, annoying and as uncalled for as the negative feedback you have received may be.

First thing I would do is take a look at the transaction and try and work out why you have received the negative eBay feedback. If you do not know why, contact the buyer who left it and simply ask them. Be polite and courteous at ALL times. Even if they are abusive, unhelpful or just downright rude. YOU are the professional.

If you can come to some of agreement on a course of action, such as a refund or replacement item etc then take this route but only on the premise that the negative feedback be removed by them. If this does not work and you feel they have been unfair, then say so politely. Ask them why they didn't give you a chance to resolve any situations BEFORE they left negative feedback for you. You may again try to come to some sort of arrangement here and instigate eBay's 'mutual feedback withdrawal' procedure. Meaning you have agreed with the buyer the feedback was a little hasty and they agree to withdraw it as a compromise.

If none of these approaches work and the buyer is adamant that the negative feedback stays. Firstly, if the feedback really IS unfair you can contact eBay, explain the situation and they MAY agree to remove it.

Should they not agree to do this then you should respond to the negative eBay feedback on your account. Do NOT reply in an aggressive, rude or threatening way. Remember your comments will be there for ALL to see. Your future buyers, EVERYONE.

Reply in a calm, polite way. I repeat again - YOU are the professional.

An example negative feedback left - ' product was rubbish, took eight days to arrive, not as described '

You could write in reply ' YOU LIAR, YOU GOT IT NEXT DAY, CONMAN SELLERS BEWARE! '. While this may be true it looks terrible.

Reply with something like this 'Apologies for this. Please contact us and we will resolve the situation amicably'

Receiving negative feedback on eBay is not unusual neither is it the end of the world. It's how you respond to it that counts.

Thanks for reading and please feel free to comment.

Mark Davies

Making Money Online Out of Auction Websites - Moving Your Business Online   

Are Bidding Websites The Future Of Online Shopping?

Shopping online has become a cornerstone of the retail world, and a pinnacle part of the lives of millions. Many of us rely on online shops and auction sites to accommodate for much or even all of our shopping requirements.

Over the last couple of years, online shopping has changed almost beyond recognition, which makes it exciting to consider where we will be in a couple of further years from now. Imagine turning on your computer just a couple of years ago, and having this much power at your finger tips. To most of us ordinary folk, that concept wouldn't have even been imaginable. And now it is a reality. Within minutes we can go online, order our groceries, or pick up some new clothes from one of the hundreds of auction sites out there today.

As more and more retailers begin to move online, or at least place greater emphasis on their online presence, it is worth u asking the question "Where is this all heading to?". One possible answer to this puzzling question lies within the realms of the online auction sites.

These auction sites have been growing in popularity ever since they first entered the mainstream in the mid 90's. This movement is now beginning to really gather momentum, and it represents a change in the attitudes of online shoppers the world over.

The internet really has made us all into an army of round the clock consumers. We expect the things we want and need to be available to us 24/7. And more than that, we are growing more and more impatient in the pursuit and purchase of these products. We quite simply have better things to do with our time than browse around online for hours on end trying to track down the best deals on the items we want.

This widespread ease of availability is one of the key factors which lead to the explosion in popularity of online auction sites at the turn of the century. But as to whether this popularity is likely to continue? Who knows! Auction sites may well turn out to be a fully sustainable online shopping medium. They have certainly done a good job at adapting and evolving to changing consumer demands so far. But whether or not they can continue to do so, is a hotly contended subject. There will almost certainly be some huge obstacles that they must overcome in the not too distant future. But then again, we would have to admit, we are talking about an industry that certainly is not afraid of a challenge.

In truth, the world of online shopping and ecommerce in all its forms, is changing so rapidly that even the so called experts can not accurately predict what the future has in store for us. It's a scary prospect for some of us I suppose, but an exciting one too. As technology continues to evolve at an ever increasing rate, the possibilities and opportunities of online retail grow with it.

Making Money Online Out of Auction Websites - Moving Your Business Online   

Storage Unit Auction Know How

Participating in a storage unit auction is easy. All one has to do is show up at the auction with enough money in hand to buy the contents of a delinquent storage unit maybe a few hundred dollars to start and the means to haul the winnings away. A pickup truck, van, or even a car towing a trailer will do nicely. It's a good idea to have a helper along too, in case there is any heavy lifting to do.

The person in charge of the public sale cuts the lock on the storage unit and gives the audience five minutes to see what is behind the door. The worker opens the boxes and moves things as much as possible to allow the viewers to see what's inside. It's a good idea to take notes on what's inside the unit before the bidding begins, so one does not bid a small fortune for a few dollars worth of merchandise that won't easily sell later on. Bidders are not permitted to handle items or search through the boxes.

Once the auction gets underway, the highest bidder wins the entire contents of the unit. Some people score big with camera equipment, coin collections, and appliances. Others end up with worthless items like broken toys, bags of fertilizer, or old books. Either way, the winner is responsible for clearing out everything in the unit.

If you attend the auction, don't bid. It's a good way to get flagged by the auction house. Trying to get more for your item by bidding on it knowing someone else will bid higher is a huge no-no. Plus, you might end up buying your own stuff. In most cases, the auction house won't take the time to make sure they shine and look as new as possible. They might do a quick wipe down, but when your item is actually clean, it stands out and gets noticed.

Make sure you know the real value. Be realistic and set your expectations accordingly. This is especially important if the auction house has a limit that they want the items to be worth. If your item sells for less than that, you may not get any commission. Try to make sure your items have a good chance of selling above their minimum.

It takes money to bid. Sometimes the thrill of winning overcomes new bidders. The result is a negative bank balance and a garage full of junk.

Living in a small town may be a disadvantage if a neighbor who has lost his home and job sees his belongings being sold at the local flea market.

If the idea of walking away with someone's belongings seems cold, then buyers can turn over personal items such as family photo albums to the storage unit facility owner. There is always an outside chance a former renter will return for these. The buyer gets to keep the valuables though, and the delinquent client is not given any information as to who bought his items at auction.

Bidding on abandoned storage units is a way to make money - sometimes. Participants can increase income by selling auctioned goods that interest other buyers. Tools, appliances, furniture and even vehicles bring a good price at storage center auctions. It's a wise idea to consider beforehand the steps for bidding at storage unit auctions.

Making Money Online Out of Auction Websites - Moving Your Business Online   

Tips on Finding Penny Bidding Legit Sites

With the web being so infinitely gigantic and endlessly expanding there are new things popping up everywhere and all the time. One of these new things to explore is called a "Penny Auction." And with all new things, more often than not, they're a bit hard to understand. New concepts take a moment to sink in before they're fully understood. Most likely you've read some other articles about Penny Auctions before this one, but know you probably were bombarded with misinformation and negative stereotypes, all coming from people who think they know what they are. I'm here to set the record straight and give you the real deal on Penny Auctions and let you know what to look for.

It's true some places are real scams. But it's also true that there are legitimate websites out there. The trick is in spotting the differences, the traits that make a real site shine and make those filthy scammers show their true colors. I'm going to discuss a few examples of things you should definitely keep an eye on and will keep you from some unwanted problems.

Always look for websites that display testimonials from past winners. This creates a sense of history that shows that people are actually winning items from these sites. Some places will have pictures and some words from the winner. Others will have videos with the testimonial coming straight from the person in the vid. The more the site has something like this, the more likely it will be legit. You know you can always contact someone on YouTube if they posted their video testimonial there. Try talking to some of these winners and they'll help you get a better picture.

Don't forget to check out some statistics. You can use tools online that will help you find out the traffic ranking and how they stack up to websites around the rest of the world. The more traffic it gets, the more likely it is legit. Think about it, more traffic more people, more referrals from happy people, more people coming back. I think that is a good sign, especially if you take into consideration how long a site has been running. For example, a site that has lasted for several years is far more reliable than a start up that is less than 6 months old. What's stopping this start up from not sending people their prizes and taking the money and running? It's best to find a site that's at least 2 to 3 years old. The first Penny Auction sites first appeared in 2009, just to give you some perspective.

Some sites use bots to automatically make bids and jack up auction prices. Sites that have little traffic usually resort to this. Bigger sites with higher levels of user interaction won't have to utilize a tactic like this. What this does is artificially makes the final price higher and also causes the user to spend more bids, which means spending more money as the user had paid for their bids. The good sites try to combat this and try to place a cap on how high an auction can go, and since these things rely on countdown timers, they could go on forever. A good site has a healthy set of live and finished auctions that show that they aren't just on an infinite loop with the price skyrocketing!

I hope this little guide has helped you. It also doesn't hurt to do some searching of your own. Go out there, read up a little more and maybe try your hand at one of these auction things and get a feel for it. Once you know how to wade through all the garbage, you'll be able to find the right sites. Good luck!

Making Money Online Out of Auction Websites - Moving Your Business Online   

eBay Good Till Cancelled Format - For You or Not?

Hello Everybody,

Today I just want to talk about listing on eBay using the 'Good Till Cancelled' format.

Basically, I've tried them all! Yes, them all. From one day to Good Till Cancelled. You do have to have an eBay shop though to run 30 day listings and also use Good Till Cancelled, though if you're a serious eBay seller I can't think of any reason why you wouldn't have a shop.

Anyway, the length or duration of you're listing depends a lot on which products you sell I think. If you have a large inventory in which you make recurring sales from your inventory then I believe it is always better to use Good Till Cancelled. This listing basically runs forever until you stop selling that item. So as an example, within my shop last year I was selling pencil cases of a particular brand. When I first purchased them I was unsure exactly how they would sell, well I knew they'd sell but it was just a matter of how quickly. I purchased a dozen, after a few days I'd sold a couple as expected really but then I think it was the third day when things really started to pick up. The reason? Because when you put an item on Good Till Cancelled, the more you sell the higher you go up the search pages. What this means is, slow start - lets say for example at the bottom of seven pages of search results, with the one, three and seven day listings higher than you BUT when these listings have run out, the seller needs to repay eBay to list the item again then of course they go lower down in the search results.

You on the other hand with your Good Till Cancelled eBay listing, whilst you start slowly will gradually gather momentum (by this I mean by gathering more sales) until you hit the first page, possibly first result on eBay (as I did) but this depends on competition on what you're selling though. Oh and the complete listing only cost me 18 pence to practically run a whole year.

The more sales you make - the higher you go up the search pages for that item. Who do you think buyers will buy from if they see, lets call him Mr competitor - with this three day listing selling a couple of items or me with my year long listing selling over three hundred? Well I can tell you that generally they will buy from the eBay seller that has had most sales.

Oh and you might think, well so what it's only a few extra pencil cases. True, it is but just on this one item I made £600+ net profit for the year. Not bad for a 'few measly pencil cases'.

Try it. Go search on eBay and look at the results that come up first. Sure to be sellers that have had repeat sales of items using 'Good Till Cancelled'.

Also you will probably notice that there is a few oddly priced items in the results. It raises a few eyebrows to the untrained eye but what a seller will do (and I've done this myself many times) is, when they're running out of stock, they will raise the price really, really high to stop people buying it. Strange you might think but there's method in the madness. This is to preserve the longevity of the listing and give the seller time to restock the product. Then when it's been restocked, the seller will drop the price back to normal again.

Another little tip to preserve sales history on eBay (if you don't want to use the method above ). If you re-ordered stock in the same scenario as above, you could change the 'handling & dispatch time' on eBay, from for example one day to three or four. This would still allow buyers to buy as per normal, buy yourself time while you're waiting for stock to arrive and most importantly of all - preserve sales history of this listing and keep your place at the top of the search results, meaning continued sales.

So, if you intend or expect to keep restocking an item and receive regular sales. Use Good Till Cancelled, you won't regret it.

Hope that helped you in your endeavours as an eBay entrepreneur!

Thanks for reading,

Mark Davies

Making Money Online Out of Auction Websites - Moving Your Business Online   

How To Use Auction Sites To Save Money

There are lots of advantages to using auction sites to buy items as well as to sell them. But the main advantage - especially in hard times such as those we are now living in, is that you can save yourself a lot of money for putting in just a little bit of effort.

Buying online is often cheaper.

Shopping online offers you several advantages. Not only can you often buy items cheaper than anywhere else, but you will also find a lot more variety. It's also very easy to compare prices with just a couple of clicks. So there are obvious benefits you can look forward to when you shop using online auction websites.

While some items sell for high prices at the end of the auction, depending on their popularity and other factors such as the time of day that the auction finishes, others will sell for much lower prices. This means that you can get real bargains, no matter what you are shopping for.

Auction items often start at a few pence.

On most auction sites items will open with a starting price of between 1p and 99p. Some of them won't ever go any higher, while others will gradually climb as they get towards their end time. Even if there is a lot of bidding you can still often get a great bargain.

You can set a maximum bid before you start.

This means you will always be guaranteed a bargain if you win the item, however you won't always be the highest bidder. Consider the maximum price you want to pay for each item, including the postage cost, and then start bidding. Ideally you should watch the item and then bid as late as possible. This helps reduce the odds of a bidding war long before the item ends, as this is can often push the price a lot higher than you would be willing to go.

Use a sniping tool.

There are several sniping tools that can be used free of charge that will help you win more items for less money. They work by putting in a bid at the last possible fraction of a second. Choose the highest amount you want to go to and let the tool do the rest. It means you're not reliant on your computer or the speed of your internet connection to get a quick bid in at the last minute.

Shop wisely.

Remember that you are likely to find the same item available in more than one auction, particularly if it is a popular or common item. This means you should shop wisely and look to see how much interest there is around each item. Is one being watched or bid on by more people than another one? Watch for spelling mistakes in the title too, as these can make some items harder to find, meaning they will usually sell for less.

There are lots of tricks and tips you can use to save money when using online auction sites. Remember you can also sell some of your own unwanted possessions to raise money in addition to saving it. The more familiar you are with how these sites work and how to search for the items you want, the easier it will be to save money on a regular basis.

Making Money Online Out of Auction Websites - Moving Your Business Online   

How to Make Money From Misspelt Items On eBay

Want to make money on eBay? Of course you do. If you are one of those people who wants to buy and sell, but not deal with wholesalers or drop shippers, then this might be for you. This is how you can make money simply from buying something poorly listed on eBay, only to then resell it straight away on the exact same site.

The first thing to finding cheap items on eBay is to look for misspellings. People who are maybe in a rush whilst listing their item or using their iPhone to do it are likely to make spelling mistakes. A spelling error in a listing title will ruin the success of a listing. A fraction of the people will see it and it will, in the end, go for a lot less money. So many people are making this mistake every day.

I bet your now thinking, "okay, so how do I find these listings?" Well, there are many websites that allow you to type in the name of a product, such as a "Nintendo DS", and it brings up any misspelled listings. I will reveal the best websites to see misspellings later. You are then able to browse through. Some mistakes will be worse than others, so look out for these ones. Once you have found one that looks good, clicking on it will take you through to eBay, where you will be able to bid. If you are the winner of the auction, once you receive the item, you can begin to produce a listing straight away. Try and improve on the description,picture and of course, don't make the same mistake they did in the title. If somebody has carelessly made a spelling mistake on their listing it is likely that their description might not be up to scratch and their picture might not be clear. Improving on these, will improve the final amount that the item goes for.

The best part about this is that, some websites that offer these misspelling searches have their own app for android and iPhone. so you can keep on checking when on the go.

A slightly annoying part of doing this is, depending on what website you use, when you try to search something it will bring up a completely different product that is spelt correctly itself, but has a couple of different letters to the product that you were trying to search for. Therefore it doesn't always bring up misspellings.

Making Money Online Out of Auction Websites - Moving Your Business Online   

18 Steps to Understand eBay Auctions

The auction websites have different business models but at the core they rely on certain aspects which need to be addressed if you want to use them either as seller or buyer.

No matter what auction site you will use, the reality is that you will need a payment processor to receive or send payments. Also you will have to know what kind of products to sell, how to present them, to market and also to answer questions you will receive from your regular or potential customers.

Also you will have to understand that it is important that the product description and pictures to match the actual product, otherwise you will deal will lots of refunds and your reputation will suffer.

An issue to be addressed is the customers service. If it will take you too long to send an answer to a client it is possible that he or she will choose to buy from somewhere else. In these fast technology years people change very fast their decisions and expect to have reactions from companies with the speed of light if possible.

The auction websites are also great ways to sell and buy services using either fixed price or auction style. You know, there are many people who like to negotiate, it is in their way of being so a fixed price will not be appealing from the start to take into consideration.

After analysing the biggest players in the international market I came up with 18 steps to understand the auctions sites in general and eBay in particular:

1. Register for a payment account; 2. Setup the auction page; 3. Link the payment and auction accounts; 4. Assess the listing fees; 5. Check if the products you sell are allowed or not; 6. Leverage the power of the help pages including questions posted by other users; 7. The importance of customer feedback and reputation; 8. How to use an auction style listing and when you should use it; 9. When and why to use a fixed price listing; 10. Multiple item listings, classified ads, what is a reserve price; 11. How to search for items to buy; 12. Why it is important to know how to leave feedback for the seller? 13. One account or multiple accounts, which is the best strategy? 14. Learn how to list an auction step by step; 15. Invoicing a customer; 16. Understanding the shipping process; 17. Feedback for the buyer; 18. How to notify a customer for product shipment.

Making Money Online Out of Auction Websites - Moving Your Business Online   

How to Buy Jewelry Wholesale at eBay Auctions

When you are searching for the best deal on new or pre-owned fine jewelry the financially smartest approach is to purchase from eBay Auctions. This is a great way to buy jewelry at explosive discounts as opposed to paying the full retail price that the jewelry would originally have been sold for. At eBay auctions you can find individual or even bulk quantities of jewelry and place your desired bid amount which allows you to spend as much or shall we say as little as your budget desires. Getting great deals is not only possible using eBay Auctions, it's expected that you will find jewelry that you want at amazing prices that you would be hard pressed to find anywhere else. As with any online purchase, making good use of caution is a necessary step.

Doing some extra research on wholesale jewelry lots is highly recommended for the simple fact that dishonest people operate in all spectrums of jewelry sales. Ratings are available along with feedback and comments from past customers. Reviewing the sellers ratings allows you to get a good perspective of whom you are buying your jewelry from which can be helpful when choosing certain items or placing bids. It is important to keep in mind when buying jewelry, or anything else for that matter, that cautious decisions should be made before purchase. This makes the ratings system and former buyers' reviews extremely useful and assist with smart internet shopping. Using eBay auctions can be a great advantage when you are looking to buy new jewelry or even to buy pre-owned jewelry. With the ability to post individual questions to the actual vendors selling the jewelry, you can inquire in depth about what it is that you are buying; like making sure that the seller is claiming the said jewelry is genuine gold or plated gold, these are easy ways to take precaution before you buy jewelry on eBay. When buying major items, in big quantities or large prices, extra caution should be taken while using the escrow service; which eBay suggests you do. Going with any other escrow services other than the one eBay suggests is not recommended.

Placing your first bid at its top / peek amount, the amount that you are actually willing to pay for the item, is recommended. When you do this you can get the item for the amount your willing to pay or less, if your bid gets out bid then obviously you have to up your bid or just bow out of the auction. Also, a caution to take when buying (Gold) jewelry on an eBay auction is to look at the description of the jewelry, particularly for words in the description with RB and/or GP; this means that the jewelry is plated and not real gold. Making sure that the person selling the jewelry states online that the jewelry is authentic and real is great for documentation. Using eBay auctions can be a fun and exciting way of buying or even selling precious metals and or stones. We hope this has been helpful, and the next time you're ready to purchase or even sell jewelry you will do so using these methods.

Making Money Online Out of Auction Websites - Moving Your Business Online   

Quibids Reviews: Is Quibids Legit?

You may now be familiar with the penny-auction website called Quibids by now. There are television commercials and ads all over the Internet. Penny auction websites have actually been around for a while and tend to draw a whole lot of interest. The reason is because it is so enticing how you can win auctions on items for cheap, that would otherwise cost a lot at retail value. But some are wondering if this business is legitimate. Here we will go over briefly how it works and how people spend their money on the site. Then you can decide yourself.

How It Works

The process is quite simple. All you have to do is sign up and buy bids. Each bid raises the price of an auction by one cent. But this is the catch. Each bid does not cost you one cent. It costs you 60 cents per bid. So, it can be a bit confusing. Each time you press the 'bid now' button, it costs you 60 cents. The good thing is, the price of the item becomes very cheap and the closing cost is usually 2 or 3 times less than retail value. That is why penny auction website are so appealing.

You can find an iPad going on auction and see that the final closing price was only $120 or so. Or you can see a home theater system running down to the wire, with the bids only at 11 cents or so. This is why Quibids tends to draw so much attention. But there is kind of a catch. You see, all the items have a timer on them. The auction closes when the timer runs down to zero. However, there are only a few items closing at any given time. This causes thousands of people's attention to be focuses on just a couple items, increasing the competition tremendously for that item.

Is Quibids Legit?

Yes, Quibids is legitimate. The reason why some people ask is because it is just so hard to win. You have thousands of people always willing to one-up you at the last second, which causes the timer to go back up 10 seconds. This can go on for hours and you might blast through $20 or so in bids, in no time. You are in a way, gambling to say the least. But that does not mean it is not legitimate. It works and many people have walked away with incredible deals. You can be a winner too.

Making Money Online Out of Auction Websites - Moving Your Business Online   

Selling on eBay - What You Need to Know

Selling on eBay is a very popular goal of making money for many people who are tight on cash.

Old items, from vintage cameras, classical art paintings, and even children's toys can find new owners for a reasonable price, making eBay one of the greatest ways to get rid of something without having to go through the hassle of a yard sale.

In order to make money on eBay, the first thing that you will need is a credit card or PayPal account. Whenever you put a listing up, you are charged a small fee in order to show it on the website. This amount is taken from either your credit card or your PayPal account to cover putting your item on auction.

Making money on eBay is very simply a matter of earning more than the fee to list the product. There are several ways that you can handle selling goods on eBay.

First, you can operate an eBay store. This uses both the 'Buy it now' functionality with set prices for specific items and the standard auction system, which uses bids to determine who wins the item.

Buy it now is a great way to set a price you want for a price while still offering people a chance to place bids.

Once someone places a bid, buy it now is no longer available. Unlike buy it now, there is a risk that you will sell an item for lower than its base worth.

If you are worried about this, you can set a minimum reserve for an auction. This means that the product will not sell unless the minimum reserve is met. That said, if the item doesn't sell due to the minimum reserve not being met, you still lose the fee that you paid to list the item.

Something to consider when selling goods on eBay is your ratings.

Ratings are the way that people judge whether or not you are a trustworthy person to work with. You can build your ratings by purchasing goods from other vendors on eBay and promptly providing them with payment and your address for shipment of goods.

If you're building your ratings by selling goods, you can earn a high rating by quickly shipping your goods and packing them in such a way where they are not damaged during shipment.

Overcharging for shipping is a good way to get a lower, dissatisfied rating, so be careful when you select your shipping charges when you're selling your goods.

Making Money Online Out of Auction Websites - Moving Your Business Online   

Viral Drop Shipping - Generating More Income From Online Business

If you are already running an online drop shipping business and looking to put your business on steroids or if you new online marketers who is eager to generate some income in the shortest amount of time possible, the concept of viral drop shipping is invented for you.This term viral drop shipping is derived from two well-known marketing/business concepts, drop shipping and viral marketing.

In drop shipping, retailers pass on the customer orders to wholesalers who then ship the product to customers on the behalf of retailers. The difference between the wholesale price and retailer price is a profit for retailers. On the other hand viral marketing is another theory that is very popular throughout the internet and has been for some time now. In this theory, marketing techniques use pre-existing social networks or other online media to product enhanced brand awareness to achieve ultimate marketing objectives.

Now let's come to the term viral drop shipping. It is different as it provide you with one income stream, which is selling products. On the other hand viral drop shipping provides more than one income streams from same online business.

Now you would be wondering how it works. Being a retailer, as you get the orders from your customers, you get to know about their name, email and mailing addresses etc. What would you do with that information once the product would be shipped successfully to a customer? Would you discard it? You should build a mailing list of happy and repeated customers and send them newsletter about the hot products you would be selling. This way, you can get to know the response about different types of products which you feel you can have better profit margin and you should bring them to your store display.

You can also send them discount coupons to sell your products fast in a certain limited time. Most importantly, you can invite your customers to social networking sites such as a Facebook, Twitter or LinkedIn to get them involved into your business strategies to make your online store a better shopping place for them.

Once you will follow those steps, you would not improve your online store according to customer but you will be able to build customer loyalty for your store. You will have multiple streams of income coming from social networking sites, mailing lists and new customers. In this self replicating system, your existing customers will help you to get more customers via Word-of-mouth marketing too. Besides focusing on these points, you can become an affiliate partner of your wholesaler provider to invite other online businesses towards reliable wholesalers. This way, you will not be helping others but also be generating more income for yourself.

If you will follow these steps carefully, this new concept of doing drop shipping business will help you to improve your business structure and income.

Making Money Online Out of Auction Websites - Moving Your Business Online