Penny Auctions – Bid a Penny More And Take Home Great Stuff

On line auctions have taken the entire nation by storm. Although this is not a new concept and has been in existence for some time now, the popularity of this concept has really soared now. Part of this could be due to the advanced online marketing strategies of the auctioneers and part of it could be due to the availability of some fantastic products for people to bid for and win. Penny auctions, lowest unique bid auctions and secret auctions online are really great if someone wants to buy their favourite stuffs at throwaway prices.

Penny auctions are perhaps the most popular among various on line auctions. The concept of this type of auction is very simple. You visit an auction website and go to the penny auctions section. Browse through the items available for auction. When you like something you check out the highest bid for its auction. You also get to see the time when the auction is about to end. What you do now is make a penny bid. This means you bid a penny more than the highest bid. If someone bids more than you, you can again bid a penny more than that bid. At the end of the auction, if you are the highest bidder you can take the item home for next to nothing.

There are various on line auctions websites that offer penny auctions. It is very difficult to say which the best penny auction is. However, it is best to deal with those websites that have a positive reputation in the market. This way you will ensure that you will not be short changed. As far as individual penny auctions are concerned, focus on the ones that are about to end soon. If you bid on these auctions the chances of you winning are definitely more because there will not be much time left for someone to overbid you. And if you are really desperate to buy a particular item you should set up an automatic bidder that will bid a penny more than the person that bid a penny more than your bid.

Aside from penny auctions, on line auctions websites also offer lowest unique bid auctions. The concept is similar to what the name says. You see a product on auction and bid for it. However, you need to enter a bidding value that you think no one will bid. If your bid value is unique and lowest among all the bids you get to take home the item. This type of auction really helps you save loads of money on the items on auction. You can also go for a secret auction where you can be an instant winner. You see an item and the price range it is being offered at. You guess the price within the range and if it matches with the secret price you are the instant winner.

On line auctions like penny auctions are really fantastic. Try them out today and you could be an instant winner.

Ebay Description Writing Tips.

Once you?ve drawn the buyers in with your title, the next thing to do is to tell them all about your item with the description. But just what should you write in your description?

At its heart, your item description is an ad. Without making it too obvious, you should be writing sales copy. You?re trying to get buyers excited about your products, and that?s usually hard ? but on eBay, if you have the right thing to sell and give enough details, the buyers almost excite themselves.

Technical Details.

Include every technical detail you know, including the item?s manufacturer, its condition, how big it is, where and when it was made, its history, and anything else special about it. Don?t be too boring, though: the best descriptions are written in friendly, conversational language, and show a real knowledge of the item. Whatever you do, make sure you tell the truth!

Remember that most of the people who?ll be buying your item will be just as knowledgeable about it as you are, if not more ? this is their hobby, and they?re experts. Don?t feel like you need to explain the basics of the item: just go into as much technical detail as you can. As a rule, don?t write anything in the description if you don?t know what it means, as the chances are someone will, and if you?ve got it slightly wrong then you?ll look like you don?t know what you?re talking about.

Interesting Details.

You might find that you enjoy writing a few things about how you got the item, why you?re selling it, and who you think might like it. This isn?t strictly necessary, but it gives your auctions some character and a personal touch, and can make people more likely to trust you. People might wonder what you?re doing selling 500 CDs all at once, and if you tell them the reason, then they?ll feel reassured that nothing dodgy is going on. If you?re selling them because you?re having a baby and you need the space, just say so.

Write as Much as You Can.

Leave nothing out of your description, even if that seems to you like it makes it cumbersomely long. There is no way you can be too thorough: someone, somewhere will appreciate that you took the time to write the extra information.

Don?t assume that anyone who wants extra information will email you to ask a question: many buyers are shy and won?t do it. Think of questions that buyers might have and add the answers to your description, as people generally tend to ask the same questions over and over again.

Each time a buyer does email you with a question, you should both answer their question and update your description so that it will include the answer next time. If people ask questions that are answered in the description, try putting these parts of the auction on a line alone, or in bold, to make them easier to notice.

In the next email, we?ll focus on increasing the number of buyers who respond to your auctions.

How To Become A Storage Auction Pro

Getting started as a storage auction buyer is easy. Costs are small; anyone with a few hundred dollars, transportation and a place to take the purchased goods can become an auction buyer. Stories of success are many, and equally diverse. One profitable buyer claims to have funded their initial auction purchase by having a garage sale in their front yard. Another auction buyer had experience selling on EBay and made the decision to expand into the storage auctions arena to secure another profit stream. Sometimes you can market some of the contents to other treasure hunters.

Once you have your cash reserve in hand, check out auction listings in your area. In major metropolitan communities storage auctioneers often schedule auctions at numerous facilities for the same day. Do not buy at your first auction visit. Now, we do not want you to lose out on the storage treasure of a lifetime, but it is suggested to observe auctions before your participate. Check out the competitors, and how they behave. Familiarize yourself with how the auctioneer works. Determine if you are comfortable in the bidding setting. Does the system match with your personal style and do you believe you have the skills to operate as a independent home-based business person able to buy at auction and turn around and resell the items producing a profit?

Think about developing your knowledge of resale prices for a wide variety of products. Your revenue will soar when can spot the difference between an average and a high quality used lawnmower or know the value of a set of Limoges china relative the value of a set of china by Noritake. If the storage unit you purchase at auction contains large cardboard boxes full of Gucci leather goods. You want your eye trained to know the difference between the real deal and a forgery. To maximize your profits as an storage auction buyer you will want to possess a working knowledge of such items as electronics, appliances, furniture, antiques and collectables.

It is further advisable to put one foot in the water first before leaping in all the way. In other words, start small, with a minimum initial bid. Take it one auction at a time, making a strategy to grow your business. Perhaps most importantly, be practical and do not fool yourself into believing that every auction will produce valuable treasures. There will be duds, however, there will also be significant and profitable discoveries. Be patient and consistent in your plan to discover treasure.

To recap: follow these steps. Visit, observe, evaluate, make a plan, decide to buy and bid.