Ebay Tips From Amy Joyner

Posted on February 22, 2006

The Miami Herald has an article with some tips from eBay expert Amy Joyner.

  • Prove it's genuine. It's important to have the dustbag, and if you had the box, that would be great -- anything to prove it's genuine, including the original receipt.

  • Start the bid insanely low: 99 cents. It's the psychology of the auction to get people involved in it early. At 99 cents, people think they have a chance to win. If the item is worth something, the market's going to bid it up, close to its real value.

  • Don't set a reserve (the minimal amount you will accept as a final sale price). A lot of times the auction closes and no one meets the reserve, but the high bid is just a few dollars short of what the seller would have taken.
    • She also says to have the auction end on a Sunday or Monday evening when there are more people on eBay. The 99 cent idea sounds like it could really backfire if the item ends up not getting very many bids -- but it may be just the thing to bring in lots of bids. Amy Joyner is the author of eBay Millionaire: Titanium PowerSeller Secrets for Building a Big Online Business.

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