I am finding that I am having a lot more success making money online with eBay by using their “Fixed Price” feature rather than their “Auction” feature. The reason for this is with the auction feature the most time you have to sell your item is 7 days unless you want to pay extra for a 10-day auction. The reality is unless you do a lot of promoting, 7 days isn’t enough time to have enough people interested in buying your item find it.
Plus, if your item doesn’t sell you are out the fees it cost to list it and you have to list the it again, incurring more of those high eBay auction fees. With the “Fixed Price” option you only pay 50cents to list your item and you have 30 days for interested buyers to find your item. If it does sell list it again for another 50cents for another 30 days. 50cents surely beats the auction fees you have to pay for a 7-day auction.
What I do is list my artwork as “Fixed Price” Buy It Now and choose the “Good ‘Til Canceled” option. This way I can keep my items up as long as I want and every 30 days I will be charged the 50cent fee. But, this gives my buyers plenty of time to find my artwork. The is putting a price on the item that you will be happy with instead of starting out with a low price and hoping the bids will get up to the price you want.
Sure there’s a chance that if you use the auction option that the bids could go higher than what you would ask as a Fixed Price item, but it’s a bigger chance that your item won’t get but a few views because it will be lost in a flood of other items being listed everyday. Unless you already have a big fan base that will actively look for your items or, like I said before, do a lot of promoting, you may have to list your item several times before it is sold as an auction and you may not get the price you want unless you have a reserve and that’s another fee.
Like I said, for me the “Fixed Price” option has been working out pretty good for making money online with
eBay, but it’s up to you to choose what works best for you.
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