Thursday, March 19, 2009

Bidding In The Final Seconds Of Auction

Very often, that final buying moment decision your potential bidder must make is based upon convenience. Their convenience, not yours! Remember, eBay is truly a global marketplace that operates 24 hours a day, 7 days a week.

An eBay business never closed!

But each auction has a distinct closing time that must be considered when you are creating your listing.

Even though there are many automated bidding systems that allow bidders to 'bid' in absentia many many bidders prefer the 'action' of bidding themselves in the final seconds of the auction.

Your goal is to get as many bidders as possible participating in your auction so give some special thought as to when you items are scheduled to close.

Oftentimes if your auction closes when a potential bidder is not able to bid they will just pass on your offering.

Consider where the most likely bidders are for what you are selling. Personally I sell a lot of Stamps on eBay and find that the country of origin for the stamps usually has the most bidders. Therefore, if I am offering a lot of Australia stamps I schedule the closing to correspond with Australia times.

In this particular case I try to have my auctions close on Saturday or Sunday evenings, Australia time. Fortunately, eBay makes scheduling your auctions simple.

Therefore, by spending a little bit of extra time - you may very easily find your sales doubling, tripling even quadrupling; far greater than what they would have been if you would've just "let happen as it may!"

Labels: