NC ANTIQUES - Auctions And Estate Auctions








 

 

 


A Picture Paints a Thousand Words and Creates Auction Euphoria on eBay


Ever since I sold my first item on ebay I have been addicted to the site and I have steadily developed it as a supplementary source of income over the last two years. As I gained experience from listing items, I rapidly became aware that the inclusion of pictures in the listings was a major selling point as buyers could literally see what they were buying and as such create a greater interest and desire within them which in turn led to greater selling prices.

To sum it up in one sentence:

Pictures attract attention, help explain details and more importantly stimulates desire which leads to Auction Euphoria.

Auction Euphoria is that process whereby the desire to own an item is that great that all logic goes out the window and the buyer rebids to ensure that they win it, thus increasing the selling price.

This simple bit of knowledge has allowed me to push my final selling prices up on average between 10-30% and as such it amazes me that so many listings do not include one picture and just type out the details in one long line of text (usually all in capitals!). I am not complaining however because this fact alone has allowed my auctions to stand out and make the money.

I started off using eBays add additional photo service to include extra images in my listings which people could use as a reference point and I found out the following :

1. Always make sure that the image is clear and of the actual item for sale, otherwise what is the point of including it? You will find that poorly presented pictures suggest that the seller doesn't care and hence will devalue the potential selling price of the item which is of no use to anyone.

2. Never use a stock photograph of the item for sale, with the increase in fraudulant transactions (especially on the higher value items) this will serve to put the buyer off, again serving to devalue your final selling price. Taking a little extra time to get an actual photograpah shows yours buyers that you care and will endear them to you.

3. Where possible use a digital camera, these are very easily accessable nowadays and relatively cheap and they produce excellent images. A webcam can also be used but does give a grainier picture. Remember the cost of the digital camera can be offset by the gain in final selling prices.

4. Have good lighting on your images, a poorly lit image may as well not be there. Where possible I take mine outside into the garden, put it onto a chair with white paper behind it and take advantage of the natural light. Its a few minutes work that pays dividends in the end in cold hard cash!

5. Never just use one image, always use at least two. I tend to use one image for every one of the details (or faults) that I mention in the listing. This illustrates what you are actually trying to describe and helps to prevent the dreaded negative feedback of 'the item wasn't as described'.

Using the above meant my auctions stood out and I was considered to be true to my word by my buyers so much so that I have multiple return buyers and the Auction Euphoria effect is evident on my auctions as there regularly go for higher prices than similar items listed on eBay.

As I developed my auctions I realised that using eBays additional picture service was COSTING ME a large proportion of my profit so I looked into other ways of getting my pictures on my listings. I also realised that the format of the listings was another major factor. I wanted to use the additional pictures to illustrate a detail or fault but it was no use having the picture at the bottom of the listing away from the description as per eBays standard approach.

So I did some research and learned that the answer to my problems was HTML to generate a template for my listings and allow me to pull my images into them without having to use eBays image service, sure it was still gonna cost me to host my own images but no where near what eBay was charging me. Using this has meant that my eBay Listing Fees have dropped by nearly 90%.

My buyers then started to ask me if they could use my templates and how they could include images on thier listings, advice which I always gave to them. I then decided to put this advice together on a few webpages so that they could use it as a reference and to upload some of the templates that I have used in the past so that anyone can use them for FREE.

I hope that these simple bits of advice help you to take advantage of Auction Euphoria, and really develop your profits from the amazing, and addictive, animal that is eBay auctions.

Mike - Webmaster and eBay Power Seller.

Online Auction Trader

FREE eBay Selling Templates, can be used by anyone you dont need to ask my permission to use them anywhere you want.


MORE RESOURCES:

Bloomberg

Vadim's Ferrari 250 GT Sells for $5.
BusinessWeek
Still, the Paris auctions saw few lots sell above valuations, suggesting that the market for more routine classics remains highly selective. Collectible cars often fetch higher prices through discreet transactions than at public auctions, dealers said.
Vadim's Ferrari 250 GT Sells for $5.8 Million in Paris AuctionBloomberg

all 4 news articles »


Treasury Auctions Set for This Week
New York Times
The Treasury's schedule of financing this week includes Monday's regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday. At the close of the New York cash market on Friday, the rate on the outstanding ...



Ivory Coast's Cocoa Auctions Put Futures Market on Edge
Wall Street Journal
Last week, Ivory Coast, the source of more than one-third of the world's supply, launched a series of auctions to sell a portion of its 2012-13 crop, part of the eight-month-old government's plan to overhaul the industry and ensure a floor price for ...

and more »


Business Recorder

Scrutiny pays, but not always
Hindustan Times
Queues can be jumped, lotteries rigged and auction bids fixed. Without policing, none is inherently superior over the other two. To the extent that lotteries and early-bird schemes tend to create a black market, the original purpose of keeping prices ...
Spectrum sale seen to swell coffersCalcutta Telegraph
The court strikes backTimes of India
Mobile spectrum auction: avoid the controversy, please!Business Recorder
Business Standard -Hindu Business Line -Forbes India (blog)
all 521 news articles »


Us Magazine

Tom Brady Game Jersey Sells for Thousands at Super Bowl Auction
Patch.com
The 2011 game jersey was purchased at The Super Bowl XLVI Live Auction in Indianapolis on Saturday, tripling the item's presale estimated value, Hunt Auctions reports. Brady wore the jersey during the Oct. 16 game against the Dallas Cowboys.
Tom Brady Jersey Auctions For $46KWRTV Indianapolis
Tom Brady Jersey Sells For $46K At Auction Before Super BowlHuffington Post
Super Bowl 2012 Buzz:Indianapolis Star
WLKY Louisville
all 528 news articles »


CAPS auction brings record haul
Salina.com
By CHRIS HUNTER As the bids poured in from the crowd on a Bud Light speaker at the 23rd Annual Celebrity Benefit Auction for Child Advocacy & Parenting Services, Dr. Merle "Boo" Hodges was hoping to get a crack at the speaker if it stayed lower than ...

and more »


Atlanta Shakespeare Company Auctions ROMEO & JULIET Table
Broadway World
ASC is holding an e-bay auction for a front-and-center table for two for their special Valentine's performance of Romeo and Juliet. The auction will be for the performance on Tuesday February 14, 2012. The winner of the auction will also receive two ...

and more »


Hindustan Times

IPL auction: Jadeja takes the cake with a cherry on top
Hindustan Times
IPL Chairman Rajeev Shukla (L) with owner of Mumbai Indians Nita Ambani and Kolkata Knight Riders owner Shah Rukh Khan at a press conference after auction of the players for IPL-5, in Bangalore. Like the past Indian Premier League auctions, ...
10 big facts about the IPL 5 auctionNDTV
IPL 5 auction held; 800+ crore spent: Tournament from April 4isikkim
Older players take a backseat at the 5th IPL auctionBusiness Today
TruthDive -Times of India -Newstrack India
all 382 news articles »


Hindustan Times

Sahara pullout dulls IPL auction proceedings
Times of India
BANGALORE: A series of phone calls, e-mail exchanges and personal interactions on the eve of the Indian Premier League (IPL) player auctions took a nasty turn at 2 am on Saturday morning. That was the moment Sahara Pune Warriors became convinced BCCI ...
Double blow for BCCI: Sahara ends sponsorship, quits IPLBusiness Standard
Franchises perturbed by Sahara pulloutESPNcricinfo.com
Shock before IPL auctions, Sahara dumps Pune, Team IndiaHindustan Times
TruthDive -Bangalore Mirror
all 470 news articles »


Spectrum Dinosaurs at the FCC
Wall Street Journal
AT&T Randall Stephenson (left) and FCC's Julius Genachowski agree on need for broadband spectrum auctions—but not on much more. Mr. Stephenson added, "Growth cannot continue without more spectrum being cleared and brought to market.

and more »

Google News

home | site map
© 2006