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Small Business Resource Power Point Series. Online Auctions. Benefits of Online Auctions. No start up costs; it’s free to register as a buyer or seller – all you need is a credit card to confirm your identity.

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benefits of online auctions

Benefits of Online Auctions

No start up costs; it’s free to register as a buyer or seller – all you need is a credit card to confirm your identity.

Simple user-friendly set up means that you are ready to start selling within minutes.

Pre-defined categories make it easy for you to list your product and target it to a ready-made customer base.

benefits of online auctions cont

Benefits of Online Auctions Cont.

Showcase your products 24/7/365 and make money whilst you sleep!

Expands your local market to an international customer base of millions.

Flexible - work from home, or anywhere with access to a computer.

benefits of online auctions cont1

Benefits of Online Auctions Cont

No risk – payment clears before despatch so there are no bad debts.

Provides a shop window for your products without the need for additional expensive software or merchant account facilities.

increased profitability

Increased Profitability

No packaging and delivery costs – postage and packaging are paid by the customer.

No overheads other than the cost of your internet connection and, in some auctions, a small fee based on the value of the item sold.

Test market your product pricing.

increased profitability contd

Increased Profitability Contd.

Clear excess or discontinued products.

Free advertising and increased traffic by including a link to your website.

Make a business out of selling products for other people and charging a commission.

By selling at auction you can sometimes secure a higher price for your product.

tips for successful selling

Tips for Successful Selling

Describe the goods as fully as possible.

Set a low starting bid to generate more interest.

Set a reserve price to ensure you don’t lose money!

Make sure you list the item in the correct category.

more tips for successful selling

More Tips for Successful Selling

Use a picture to enhance your listing.

Accept as many different forms of payment as possible.

Respond to email promptly and courteously.

Look after your customers.

useful web resources

Useful Web Resources

eBay Auctions www.ebay.com

Yahoo Auctions www.yahoo.com

QXL Auctions www.qxl.com

PayPal Credit Card US$ www.paypal.com

Nochex Debit Card UK£ www.nochex.com

powerpoint content

PowerPoint Content

As such, the contents should not be relied upon and professional advice should be taken in specific cases.

In addition, none of the content of this PowerPoint or related publications or links will form any part of any contract between us or constitutes an offer by Strategic Marketing Ventures Ltd

powerpoint user guidelines

Powerpoint User Guidelines

These Power points are for the personal use of members of any of the online marketing resource centres provided by Small Business Resource Ltd.

Members may download these Power points and re-brand and amend provided the following attribution is stated at the end.

“This Powerpoint has been sourced from Small Business Resource Ltd.”

reasons to join

Reasons to join

To get more PowerPoints like these

To get free downloads

To get discounts on our services

To get access to our resource centre

Many other Powerpoints in this series

in the members area