Auction Power Guide

I want to start up a type of penny auction site but I don’t know the first thing about doing something like this. What do I need? Who do I need? How much do I need? (not including products!) is there anyone I can talk to directly that can maybe help me out on more of a one on one type thing?

If you are serious about starting a honest penny auction the person you need to talk to is Nick from the forum pennyburners.com. He will be able to answer many questions for you, and walk you through the many difficulties of stepping out into such a high-risk business model.

Also, I would suggest joining thebidlounge.com. Start out joining as a bidder.. There are hundreds of bidders on that site, and you can ask any question and get responses within minutes. It’s essentially a facebook for bidders so that they can chat with sites as well as other addicts. (if you mention this in the news feed I can message you and answer any more questions that you have via messaging).

Just as a warning, the death rate of penny auctions is excruciatingly high… But the bidding communities are always looking for more honest sites, and the talk lately is how few good sites there are these days. Hope this helps!

The wondering question of how to make money on eBay is the most fundamental concern of just about every eBay business owner. Inside the subject of how to make money on eBay, there’s a mass of material you can review. But far be it for me to simply rehash old material. Alternatively, the pointers in this article are ones I regard to be of furthermost importance and either bear repeating or haven’t been covered enough by others, in my view. Avoid the 5 high-risk categories.

To approach the question of how to make money on eBay, one of the most primal questions every seller has to ask is, “What Do I Sell?” There are so many popular categories and products on eBay that this can be a daunting problem. One thing that can aid is to extinguish categories and products that will likely be more difficult or problematic than others, more than ever if you’re a new seller.

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