While it may sound like a good idea to list more items during this period of discount, there are more competitions during the same time since everyone want to take the advantage of cheap listing fees. Therefore, the question remains: how effectively is EBay listing promotion? Should ebay sellers seize the opportunity and blast the market with many similar items listed on eBay?
In order to answer this question, it is best to delve into the past eBay listing promotions and analyze their data.
In March this year, eBay held two major listing promotions - one on eBay.com and one on eBay Motors. EBay held a 50-cent listing promotion on eBay Motors section on 13th of March. In the most popular section - Wheels, data showed that a week prior to the promotion 2,852 items were sold at an average price of $416. During the promotion week, there were 3,427 items sold with an average sales price of $412.
Although sales went up during this time, total bids per listing actually dropped 11 percent when compared to the previous week and the total number of sold items only went up twenty percent. In other words, more items sold but conversion rates dropped quite a bit.
So, does that mean eBay listing promotion is not an effective way of getting more sales and save up on listing fees? Absolutely not. The answer lies in the analysis of two EBay listing promotions held at Ebay.com.
On 18th of January, eBay.com held a 20-cent listing day. By tracking a popular item, Sony digital cameras between 2.0 and 2.9 megapixels, there was an increase in sales and conversion during this week. Total items listed went up 12 percent while bids per listing went up by 4 percent.
On 14th of March, there was a similar success observed at eBay.com for a 20-cent listing day. By analyzing a popular item, Apple iPod, the total number of listings jumped by six percent, while total number of sold items went up seven percent. Again, there was an increase in sales and conversion when compared to the week prior to the promotion.
In summary, eBay listing promotion is an effective way of getting more sales at discounted listing fees while the conversion rate fluctuates depending on different commodities and category. It is recommended for people who want to boost their sales and cut down on their cost on ebay. Make sure you get in next time and find it out yourself.
How To Delete Ebay Listing
Views
The life blood of any auction listing, the fewer the views then the lower the bidding will be no matter how professional your listings look. The key to increasing the number of views is simply RESEARCH.
Take a look at what other popular sellers of your items are doing, what titles do they use? Do they list in different categories to you? What keywords do they use to trigger an emotional response (leading to a bid)? Do they use gallery options? Are they using extra images to illustrate points?
All simple factors but those that can make or break a bidding frenzy.
Add Value
Adding value doesn't always mean physically doing something to the product, what you want to achieve here is a perceived added value when the potential bidder reads your description.
Structure your description well, where possible illustrate with images and try to write the listing in a leading way so that it encourages the potential bidder to read on and fall in love with your item.
If the item has additional uses then make sure you include it in the listing, don't waffle be clear and concise but demonstrate where possible why the potential bidder must have your item.
Sellers that have invested some time into creating 'added value' listing tend to find that they attract more bids and therefore a better selling price.
Link
A fundamental part of your strategy to develop your ebay auction income (or other auction sites) is to develop bidders into purchasing more from you.
A vital part of any campaign is to 'encourage' the bidder to look at your other items for sale and where possible to add you into their favourite sellers list so that they revisit you time and time again.
If you are selling a supplementary item, or maybe a higher specified item then let the bidders know and highlight such things as combined postage to encourage them to look. Provide a breadcrumb trail that bidders can follow to your about me page, ebay provide a simple link that can be added so bidders can add you to their favourites so always include it.
Understandable
Nothing is more off putting to a potential bidder than a listing that is confusing, where possible use laymens terms because remember not everyone is a technical expert.
Clearly set out all Payment, Shipping and Timescales so that they can be easily understood and the total cost and expected lead times can be worked out immediately.
Ease
People are more than likely to place a bid on a listing when they feel at ease with the auction, when creating your listing it is important that you completely objective towards your description.
Be completely honest, if there are faults then list them and explain fully, this shows that you are not trying to mislead and will help prevent negative feedback (remember your auction income depends on future listings also).
Simple rule here is what would you want to know about the product if you were buying it? Then simply describe it as you would expect to have it described to you. Dont miss bits out as this will allow an opportunity to develop within the bidders psyche to convince themselves not to bid, remember not all potential bidders ask questions.
Please look upon your listings as an opportunity to establish a relationship that you NEED to nuture so that this customer is locked into you and which will, in turn, provide you with a lifetimes worth of custom. Do not think singular transactions, even if they end up as them, because your ebay auction income depends on valued customers to guarentee you success.
Both Eble Chen & Michael Ralph are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Eble Chen has sinced written about articles on various topics from Health, How to Sell on Ebay and Investments. Want to know how to earn 10K+ from one Ebay auction? Let Eble Chen tell you how at .. Eble Chen's top article generates over 1000 views. to your Favourites.
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