Auction Power Guide

How much capital do I need to start my online auction site, I have a very niche market (Don’t want to say it) and I think I could do it all by myself, if not just paying for someone to make the code for the auction and then being done with it. (is it that complicated to set up the actual website)

so advertising not withstanding how much capital should I start with, I know ill probably need more then the 10.99 to register a Godaddy site.

hey..
for the business you described above needs some capital because you by yourself alone cant do each and everything for your website to generate business. Specially when today there is a lot of competition in every category business online.
so, if you are looking for an online business online or for an online auction site than for this you need : 1 good designed ad developed website including all the necessary factors for online business for eg. URLs for the pages for your site should be search engine friendly, your site structure , internal navigation, GUIs, content, keywords, or keyphrases. My means to say is that your complete site should be a perfect site from search engine point of views. because most of the internet users comes on the sites like yours through search engines, so, you can choose a company which is too good from search engine optimization point of view also.
If you really wants your project to get success you can contact us on "mdinfovision at gmail dot com" for gtalk also you can use this id, or visit us on http://www.mdinfovision.com/ an online internet marketing company.

What has a high value now that wasn’t 5 years ago or longer.

Please help im new to ebay

As the one answerer said – go to ebay and do an advanced search to search "only ended items" and look at different categories and you can pretty much see right away what sells and what doesn’t.

Shipping cost has a lot to do with perceived value..so make sure you know your shipping cost and total costs against what it would cost for the person to get it locally.

Used electronics seem to be hot..especially laptops..computer people are not afraid to order off the computer – and online sales are growing despite the recession…

I was looking for Wonder Woman stuff for my daughter and it was SOOOO expensive..and things were always being bid on…if you’re going to do collectibles..make sure you examine what collectibles are hot and what’s not..there’s a lot of things people call "collectibles" that are junk – and there’s a lot that have a high value – but the person who might buy it isn’t looking on ebay or hasn’t seen the ad..and since you’d have to keep the ad up for a while, it might not be cost effective to sell it on ebay. You want things that have a large audience. Or have a very very targeted marketing program supplemented by website advertising, PPC, etc. etc.

Auto stuff has picked up over the years..and that category has grown…

I also bet there’s some ebay statistics on the web with best selling categories, highest growth, etc.

Remember that advertising outside of ebay in the search engiens can also have a great deal to do with your level of success.

Start with looking at completed Ebay sales and investigating sales from that point of view…

Many people do make good money with their eBay businesses. You can be one of those people if you take the right steps at the beginning to set up your business. You should approach an eBay business like any other. Do the necessary research first. Don’t rush into it with dreams of making a quick fortune.

Take your time and familiarize yourself with the eBay website. Take notes of the type of products you are thinking of selling – check out the competition, pricing and most of all take particular note of actual selling prices and whether the bidding was slow or fast and furious.

There are literally millions (somewhere in the region of 100 million) of eBay members, but this does not mean you are going to reach anywhere near that number. They won’t even know you exist unless you prepare your strategy first.

You’ll find that a large number of successful eBay sellers have started off as buyers. This is a good idea as you can get a feel for how the whole system works, plus you will know what buyers are looking for and what problems you are likely to encounter. Being a buyer will certainly help you become a proficient seller as you will understand the system from both sides of the fence.

A few things to take note of while you are learning from the buyer’s point of view:

• the customer service you received

• the accuracy of the description of the selling item

• the ease and speed of finalizing the transaction

• whether communication was good or not

• was the sales page well set out

• were delivery costs fair and reasonable

If you approach an eBay business like any other online business you will have a much better chance of making a good income. The following points should give you an idea of what you should be thinking about.

1. Decide whether you will set up an eBay Store

Whilst checking out the eBay website, you would have noticed a number of sellers have their own eBay Store. The advantages of this are many and you would be wise to check out the details of setting up your own eBay Store. Information is readily available on the eBay site.

2. Setting up your own Website

For many reasons, it is advisable to have your own independent website. Look at it as your “Head Office” with your eBay store as a subsidiary. If at some time in the future you decide to discontinue your eBay store, you will still have your business website.

Another good reason for setting up a website is that it gives you the ability to diversify your business. This can mean the difference between success and failure. It will also give you the ability to build a subscriber list that will be beneficial for both your eBay business and your own website business.

3. What Products are in high demand?

Take particular note of products that sell well and what the competition is. Also check the availability of the products as well as the cost. Armed with this information you can determine whether or not a product is a viable proposition.

4. eBay Learning Center and University

Before you think of buying tutorials on eBay trading, check out the resources provided by eBay.

The Learning Center will provide you with tutorials and guides relative to the different areas of eBay. In addition, you will find many free resources on the internet in the form of reports, tutorials and e-books. So have a good look around before paying for this type of information. Of course if you do purchase training products they will more than likely be a taxable deduction.

The eBay University runs offline and online courses covering every aspect of an eBay business. This is where you can learn tried and true methods from the experts.

Running your own eBay business can be a rewarding experience. To ensure you succeed, research your market and your product before undertaking your first Auction.

Remember you will receive queries from prospective bidders, so you must be extremely knowledgeable about your product.

Sam Crowley
http://www.articlesbase.com/home-business-articles/winning-at-the-ebay-game-55038.html