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"Damn the torpedoes! Full speed ahead!"

David G. Farragut







 




 
Featured Auctions Articles

Five Simple Steps To Get the Best Pictures For Your eBay Auctions.
We have all heard the saying that a picture is worth a thousand words. With online auctions it should be "a good picture can add up to thousands of dollars". Without having a background in digital photography, lighting techniques and backdrops, ...

How To Start An Online Auction Business
Have you spent any time looking at online auctions? There are thousands of visitors to the big online auction sites every day, looking for something to purchase! This is an excellent place to find buyers of your products without having to do any ...

Make Online Auctions a Home Business
Everyone is aware of online auctions nowadays. We all know someone who has bought or sold something on an Ebay online auction site. But how many people know that this hobby can be turned into a profitable business? The fact is online auctions are a new ...




A Picture Paints a Thousand Words and Creates Auction Euphoria on eBay
 
Ever since I sold my first item on ebay I have been addicted to the site and I have steadily developed it as a supplementary source of income over the last two years. As I gained experience from listing items, I rapidly became aware that the inclusion of pictures in the listings was a major selling point as buyers could literally see what they were buying and as such create a greater interest and desire within them which in turn led to greater selling prices.

To sum it up in one sentence:

Pictures attract attention, help explain details and more importantly stimulates desire which leads to Auction Euphoria.

Auction Euphoria is that process whereby the desire to own an item is that great that all logic goes out the window and the buyer rebids to ensure that they win it, thus increasing the selling price.

This simple bit of knowledge has allowed me to push my final selling prices up on average between 10-30% and as such it amazes me that so many listings do not include one picture and just type out the details in one long line of text (usually all in capitals!). I am not complaining however because this fact alone has allowed my auctions to stand out and make the money.

I started off using eBays add additional photo service to include extra images in my listings which people could use as a reference point and I found out the following :

1. Always make sure that the image is clear and of the actual item for sale, otherwise what is the point of including it? You will find that poorly presented pictures suggest that the seller doesn't care and hence will devalue the potential selling price of the item which is of no use to anyone.

2. Never use a stock photograph of the item for sale, with the increase in fraudulant transactions (especially on the higher value items) this will serve to put the buyer off, again serving to devalue your final selling price. Taking a little extra time to get an actual photograpah shows yours buyers that you care and will endear them to you.

3. Where possible use a digital camera, these are very easily accessable nowadays and relatively cheap and they produce excellent images. A webcam can also be used but does give a grainier picture. Remember the cost of the digital camera can be offset by the gain in final selling prices.

4. Have good lighting on your images, a poorly lit image may as well not be there. Where possible I take mine outside into the garden, put it onto a chair with white paper behind it and take advantage of the natural light. Its a few minutes work that pays dividends in the end in cold hard cash!

5. Never just use one image, always use at least two. I tend to use one image for every one of the details (or faults) that I mention in the listing. This illustrates what you are actually trying to describe and helps to prevent the dreaded negative feedback of 'the item wasn't as described'.

Using the above meant my auctions stood out and I was considered to be true to my word by my buyers so much so that I have multiple return buyers and the Auction Euphoria effect is evident on my auctions as there regularly go for higher prices than similar items listed on eBay.

As I developed my auctions I realised that using eBays additional picture service was COSTING ME a large proportion of my profit so I looked into other ways of getting my pictures on my listings. I also realised that the format of the listings was another major factor. I wanted to use the additional pictures to illustrate a detail or fault but it was no use having the picture at the bottom of the listing away from the description as per eBays standard approach.

So I did some research and learned that the answer to my problems was HTML to generate a template for my listings and allow me to pull my images into them without having to use eBays image service, sure it was still gonna cost me to host my own images but no where near what eBay was charging me. Using this has meant that my eBay Listing Fees have dropped by nearly 90%.

My buyers then started to ask me if they could use my templates and how they could include images on thier listings, advice which I always gave to them. I then decided to put this advice together on a few webpages so that they could use it as a reference and to upload some of the templates that I have used in the past so that anyone can use them for FREE.

I hope that these simple bits of advice help you to take advantage of Auction Euphoria, and really develop your profits from the amazing, and addictive, animal that is eBay auctions.
Visit ebay templates for FREE templates to use to develop your online business.


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Auctions News


Treasury Auctions Set for This Week
New York Times, United States - Jan 4, 2009
The Treasury’s schedule of financing this week included Monday’s regular weekly auction of new three- and six-month bills and an auction of four-week bills ...

Premium Tuna Sells for $104400 in Auction
Wall Street Journal - 4 hours ago
AP TOKYO -- Two sushi bar owners paid more than $100000 for a Japanese bluefin tuna at a Tokyo fish auction on Monday, several times the average price and ...

TelecomTiger

India May Delay 3G Auction, Raise Prices
BusinessWeek - 4 hours ago
India's long-awaited 3G and Wimax auctions may be delayed yet again, as the government considers doubling the floor price for prospective licensees. ...
mocoNews.net - More Possible Delays For India's 3G Auctions Washington Post
3G auction process delayed to 30 January, may fall further back TeleGeography
India Faces Further Delays to its 3G License Auction Cellular-News
Economic Times - Moneycontrol.com
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The Market Oracle

TREASURIES-Longer bonds fall on auctions, issuance fears
Reuters - 15 hours ago
By John Parry NEW YORK, Jan 5 (Reuters) - Longer-maturity US Treasuries prices fell steeply on Monday, extending the previous session's sell-off as auctions ...
Big Year Coming For Bonds Forbes
Treasurys fall as investors brace for supply glut The Associated Press
BOND REPORT: Treasurys Move Higher As Fed Buys Mortgage Bonds CNNMoney.com
Cbonds. Info - Reuters
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Tom James apologizes for auction rate security purchases
Bizjournals.com, NC - 13 hours ago
Clients of Raymond James Financial Inc. have substantially reduced their holdings of auction rate securities. The firm’s clients currently own about $1 ...
Raymond James ARS holders on hold InvestmentNews
Raymond James CEO says company can't buy back auction-rate securities Tampabay.com
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