Auction Information

How To Sell On Ebay: The Money Is In The Back-End


Many people who sell on Ebay completely neglect the follow-up process. They post an auction. Someone wins. They send an automated message to the winner. They ship the item. End of story. End of buyer-seller relationship.

. . .end of customer's total worth to the business --and this is why so many people who sell on Ebay fail or make negligible profits: they have no idea that the real money is actually in back-end and follow-up sales.

In this article, I am going to go over one of the tools you can use to make follow-up sales on Ebay: autoresponders.

Autoresponders will allow you to automate the follow-up and upselling process. You can subscribe to an autoresponding service through a number of different companies. Most will give you a free trial that limits your abilities, but lasts indefinitely.

Getresponse (getresponse.com) is one of these companies. It has a user-friendly control panel, excellent customer service, and offers a free trial version that will give you access to everything you need for early upselling and follow-up.

You can use your autoresponder a number of different ways to make follow-up sales, but you must start by collecting names to load into your autoresponder.

You can do this by asking customers (after you've made a sale) if they would like to join your mailing list and receive special offers, discounts, and the chance to buy items before they go on auction. Load the names and email addresses of the people who respond positively into your autoresponder.

Getresponse will send them a confirmation message. The rest is up to you.

Come up with special offers, discounts, and contests and send them out via broadcast to your subscribers on a regular basis, but not too often.

Your customers have already a) purchased from you and b) agreed to receive special offers. From here, it shouldn't be too hard to get follow-up sales. They are already hooked--just give them a good offer.

For instance, you could send out special offers for complementary products at certain intervals. You could target people who purchased digital cameras and offer them sticks of memory at a discounted price, but only if they buy within a certain amount of days after the close of the auction. You could do the same thing with camera bags--and also set a specific date.

If you sell jewelry, you could offer customers a matching set of earrings for a necklace at a discount. Or cleaning tools. Or a jewelry box.

There are a number of different ways in which you can structure your Ebay post-sales follow-up with your autoresponder. There are only two real rules you should follow:

1) Do not, under any circumstances, add people to your list who did not specifically ask to be added to it. It is illegal and unethical, and it could land you in jail; and

2) Make sure you are targeting the right people with the right follow-up pitch. If you're trying to sell discount plastic dinosaurs to someone who just bought a case of motor oil, you probably wont get the response you want.

. . .other than that, it is completely up to you. Come up with some creative ideas; put them to work; and you can easily double or triple the lifetime worth of each customer who shops at your Ebay store.

http://www.workathomerightnow.net/ebay.html - Written by Isaiah Hull, author of "How to Profit on Ebay In Seven Days Without Spending A Single Penny." For a limited time only you can get a pre-publication copy of his book for ONE-FOURTH the post-publication price!


MORE RESOURCES:

Los Angeles Times

Treasurys down after $30B auction
CNNMoney.com - 12 hours ago
By Julianne Pepitone, CNNMoney.com contributing writer NEW YORK (CNNMoney.com) -- Treasury prices fell Wednesday - after a record $30 billion auction of ...
US Treasuries Decline Before Record $30 Billion Debt Auction Bloomberg
Weak Jobs Report Lifts Treasurys Wall Street Journal
TREASURIES-Longer bonds fall on auctions, issuance fears Reuters
EasyBourse.com - CNNMoney.com
all 371 news articles


BBC News

Japan’s 10-Year Bonds Fall; Surge in Sales Cools Auction Demand
Bloomberg - 1 hour ago
The sale drew bids worth 2.33 times the amount offered, compared with a so-called bid-to-cover ratio of 2.9 times at the previous auction last month. ...
Japanese 30-Year Bonds Decline as Dealers Prepare for Auction Bloomberg
Japan 10-Year Bonds Fall as Stock Gains Reduce Demand for Debt Bloomberg
Japan Bond Futures Fall as Stock Gains Reduce Demand for Debt Bloomberg
Bloomberg
all 637 news articles


Record UK Gilt Sales Raise Risk of Auction Failure
Bloomberg - 21 hours ago
7 (Bloomberg) -- Britain may overwhelm bond investors with a record number of quarterly debt sales, risking the first failed auctions since 2002 as the ...
Fears over UK gilts going unsold First Post
all 3 news articles


German Bond Auction Fails to Attract Enough Demand
Bloomberg - 15 hours ago
“I would call this a failed auction,” said David Keeble, head of fixed-income strategy in London at Calyon, the investment-banking unit of France’s Credit ...
Bond scare as German auction fails and British debt hits danger level Telegraph.co.uk
Investors shun auction of German Bunds Independent
Investors shun German bond auction Financial Times
all 21 news articles


Environment News Service

RGGI Moves Allowances in Second CO2 Auction
EP Magazine, TX - 1 hour ago
The states participating in the Regional Greenhouse Gas Initiative (RGGI) recently announced the results of the second auction of carbon dioxide (CO 2 ...
Sensible climate legislation Boston Globe
New York Joins 11-state Effort to Reduce Greenhouse Gas Emissions ... ReadMedia (press release)
all 247 news articles


Missoula Art Museum to Host 37th Benefit Art Auction Exhibition
Art Daily - 5 hours ago
Missoula Art Museum will host the 37th Benefit Art Auction. This important benefit auction – Missoula’s longest running – is critical for MAM to continue ...


Click on thumbnails to see larger images:
Auction Central News, NY - 1 hour ago
(a)Bloomsbury Auctions Limited trading as Bloomsbury Auctions ("the Auctioneer") sells as agents for the seller (except where otherwise stated) and as such ...
Memoria Technica: or a New Method of Artificial Me Auction Central News
all 59 news articles


Voxy

Suppliers call for review of auction system
Otago Daily Times, New Zealand - 17 hours ago
By Neal Wallace on Thu, 8 Jan 2009 Fonterra suppliers are calling for an independent review of the company's Internet auction system after prices for whole ...
Farmers hit out at Fonterra The Press
World Milk Prices Continue to Decline - NZ's Fonterra FLEXNEWS
Milk powder prices curdle in crisis The Australian
NZ Herald Dunedin Metro
all 71 news articles


Premium tuna fetches $100000 in Tokyo auction
Malaysia Star, Malaysia - 6 hours ago
TOKYO (AP) - Two sushi bar owners paid more than $100000 for a Japanese bluefin tuna at a Tokyo fish auction Monday, about ten times the average price and ...


FACTBOX-The Fed's evolving liquidity toolkit
Reuters - 9 hours ago
Those auctions will continue until at least April 30, 2009. AUCTION OF TERM SECURITIES LENDING FACILITY OPTIONS: The Fed authorized the New York Fed to ...

Auctions - Google News

home | site map
© 2006