Auctions are excellent tools for diversifying funding streams for nonprofit development professionals. The emergence of ubiquitous online access have made online auctions an excellent vehicle for nonprofits and charities to raise funds while engaging stakeholders and other consituencies in their causes. eBay, the leader platform for online auctions also provides a number of offerings for running nonprofit auctions. Running a charity auction on eBay is simple, but getting the most from your efforts involves developing a strategy and understanding the ins and outs of eBay. Luckily eBay provides lots of information on how to be successful using their services.
eBay wants you to be successful. Essentially, if their sellers are not making any money, eBay is not making any money - or not enough money. eBay does have one other very small source of revenue, which comes from the sellers. This revenue is realized from the promotional tools that actually help you, as a seller, have more successful auctions.
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In addition to eBay, other vendors offer vehicles for nonprofits to run fundraising auctions. CMarket - www.cmarket.com offers services emphasizing the importance of bidders, donors and sponsors, and their respective roles in a successful auction. Their Website is a valuable source of fundraising auction tips.
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The promotional tools on eBay are very inexpensive. For instance, you can have a bold listing for just a few cents. Highlighted listings are equally inexpensive. These two tools could easily raise your final price by as much as 25%! Not all promotional tools cost money. Many of them are free. The available promotional tools found on eBay are product finder, gallery, bold, highlight, border, gift services listings, subtitles, featured home page, featured plus, featured gallery, keywords, co-op advertising, and optimized listings.
If you are serious about making money from your eBay auctions, or if you are selling just one high ticket item, you should definitely take advantage of the eBay promotional tools that are available to you. These can easily be found through your sellers account.
Snap On Tools Ebay
Feedback is one of the most coveted and protected tools on eBay. Both buyers and sellers prefer to deal with a person or company that has flawless feedback. Sellers, when compared to buyers, are often more likely to be concerned with their feedback rating. If a seller's feedback is less than flawless, sales can be lost and profits may plummet. The opposite is true if a seller has stellar feedback. A strong and positive feedback history can't be purchased ? it must be earned by being honest and building confidence.
eBay implemented a feedback forum in 1997 where buyers could trade reviews on sellers and attempt to locate an honest and reputable merchant. This was a very manual process and it was quickly discovered that a new methodology was required. The familiar feedback ?stars? were introduced in 1998. The process proved to be popular and it faithfully followed the company's core set of values. These include: People are basically good; Everyone has something to contribute; and, An open environment brings out the best in people. Pierre Omidyar, eBay's founder, developed these core values in 1995 (the company was originally called AuctionWeb).
Sellers and buyers can rate each other with neutral, positive or negative feedback. You also have the opportunity to include a text description of your experience (it's not uncommon to read several pages of reviews ? it can be quite entertaining as well!). In May of 2007, eBay introduced the Detailed Seller Ratings (DSR) system. These ratings provide more details about a users performance as a seller. Five stars is the highest rating, and one star is the lowest rating. Buyers now have a methodology to gain more details and this helps to provide a more complete picture of a member's performance as a seller. DSR ratings include four areas: item as described, communication, shipping time, and shipping and handling charges. The detailed seller ratings table shows the seller's average ratings and the number of ratings they've received. Average ratings are computed on a rolling 12-month basis, and will only appear when at least ten ratings have been received.
As mentioned above, sellers strive to reach the highest ratings as possible. To do so, a seller should always provide complete and accurate information about the item that is being sold. Important details regarding the size, weight, price and color of an item should also be included. If possible, include pictures of the item. This is especially important if you are selling a used product like a computer or DVD player. Be sure to utilize sufficient lighting and provide numerous angles of the object. If there is any damage to the product, a simple, and to the point, description of the flaw should be included. If possible, include pictures of the damage. The terms of sale, including shipping times and prices, should be made easy to understand and the seller should promptly, and politely, answer all questions from potential buyers. Ultimately, just like in a brick and mortar store, the seller should make every effort to obtain a happy and satisfied customer.
Both Michael Saunders & Meenakshi Kaur 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.
Michael Saunders has sinced written about articles on various topics from Apply for Credit Card, Writing and Government Grants. Michael Saunders has an MBA from the Stanford Graduate School of Business. He edits a site on and is president of. Michael Saunders's top article generates over 60500 views. to your Favourites.
Meenakshi Kaur has sinced written about articles on various topics from . Did you find this article useful? For more useful tips & hints, Points to ponder and keep in mind, techniques & insights pertaining to Google Adsense, Do please browse for more information at our website :-. Meenakshi Kaur's top article . to your Favourites.
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