How To Cut Your eBay Fees By More Than 90%

Now, are you ready for the REAL TRUTH about selling on eBay?

It's simple; don't list too many items for sale using their auction format. Instead, set up one of their stores. The cost starts at just $9.99 per month.

Why is this a good idea?

Let's do the math:

If you list an item for sale using the auction format, the cost is anywhere from $.35 on up to several dollars PER AUCTION. What's worse is that the auctions are only good for 3, 5, 7, or 10 days.

BETTER WAY: Sell the item in your eBay store. The listing price is just 2 or 3 cents per item...and get this...They're good for a FULL 30 days! For example, I recently sold a $500 item that I listed in my eBay store. The listing cost me a whopping 3 cents! The same item, if I'd sold it using the auction format, would have cost me several dollars!

Using eBay's Auction format to list 500 items at a minimum of $.35 each = $175.00 (and these are only good for 7 days each so you'd have to list them 4 times each per month) $175 x 4 = $700.00

List the same 500 items in your eBay store @ just $.03 each = $15 + the $9.99 monthly store fee = $24.99 and they are listed for a full 30 days each!

You save $675.01 per month! HOLY SMOKES!

I'm sure you can clearly see the benefit here. Of course you will want to sell a few CHEAP items using the auction format to try to generate interest & drive customers to your eBay store where they will buy MORE from you. Make sure every auction listing contains a link to your eBay store & TELL THE CUSTOMER TO VISIT YOUR STORE. Sell 10 or so of your 3 or 4 or 5 dollar items as auctions...just enough to get some traffic to your store.

Now, what is it that the REALLY successful PowerSellers do?

They maximize the "back-end" sale.

What this means to you is that once a customer has bought from you, the hard part is over. Now having done business with you, they TRUST you to deliver the goods. You MUST & I REPEAT, MUST try to get that customer to buy again & again.

Never, ever, send a package to a customer without including a sales flyer, catalog or some other special offer in the package to try to entice them to make another purchase. Email them a special offer every week or so.

You NEED repeat customers. Going after the lone, one-time sale is a losing battle. You will not be successful unless you get them to buy again & again & do this with every person you deal with.

Send a thank-you note via postal mail or eMail to every customer & use that opportunity to SELL THEM SOMETHING ELSE.

Another tip:

Sell CONSUMABLE items. You know, stuff that people need to order fairly often. Like socks, t-shirts, work gloves, food items, towels & linens, printer ink cartridges, sell shipping materials to other eBay sellers. You will get REPEAT orders from these customers for months and even years to come.

Mike Nalbone is the creator of "The Wholesale Detective" http://www.nalbone.org/detective/ which is a complete resource for people seeking to utilize drop shipping to start or expand their own business.

In The News:

CBS News
Disputed dinosaur fossil auctioned for $1M in NYC
CBS News
NEW YORK — A dinosaur dispute is brewing between the Mongolian government and an American auction house, which sold a fossil of a fearsome T. Rex relative despite a court order not to. The 8-foot-tall, 24-foot-long skeleton of a Tyannosaurus bataar ...
Dinosaur Auction: Tyrannosaur Skeleton Fetches $1 Million Despite ObjectionsHuffington Post
Tyrannosaurus Bataar Sale After Judge Orders Auction HaltBusinessWeek
Dinosaur Dustup: Auctioneer, Mongolia Battle Over $1M BonesABC News

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Globe and Mail
Babe Ruth jersey fetches a 'Ruthian' $4.4 million at auction
Chicago Sun-Times
By MIKE FITZPATRICK AP Sports Writer May 21, 2012 9:58AM This undated photo provided by SCP Auctions shows a circa 1920 New York Yankees baseball jersey worn by Babe Ruth that sold for more than $4.4 million at auction, Sunday, May 20, 2012.
Babe Ruth jersey sells for record $4.4 million at auctionCNN (blog)
Babe Ruth jersey sells for record $4.4 millionCBS News

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Successful John Dixon Auction Blitz: 11 Commercial Buildings, 10 Events, Three ...
MarketWatch (press release)
"We really felt that it was important to sell most of these buildings at the location itself, and that meant we had to form three teams, with multiple auctions two of the three days. But our folks were up to it, and we had 10 auctions, each of which ...

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Outbid Brings Real Auction Action To The iPhone and iPad
MarketWatch (press release)
OAKLAND, Calif. and NEW YORK, May 21, 2012 /PRNewswire via COMTEX/ -- Outbid ( www.outbid.com ) today announces that its auction service, which combines the theater and transparency of live auctions with social and gaming features, is now available for ...

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Bloomberg
Treasury Auctions Set for This Week
New York Times
The Treasury's schedule of financing this week includes Monday's regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday. At the close of the New York cash market on Friday, the rate on the outstanding ...
Treasuries Fall as Yields Damp Demand Before AuctionsBloomberg

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Mobile & Apps
Diablo 3 Auction Houses Help: 8 Things You Should Know
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We had previously provided tips about how to earn extra gold, level up faster and get items, and now we will discuss the game's auction houses and what you need to remember about them before you make a purchase. Here are the tips that will help you get ...
Diablo IIIRocket Chainsaw

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Global Economic Intersection
Exclusive: US lets China bypass Wall Street for Treasury orders
Reuters
Those dealers then bid on their behalf at Treasury auctions. China, which holds $1.17 trillion in US Treasuries, still buys some Treasuries through primary dealers, but since June 2011, that route hasn't been necessary. The documents viewed by Reuters ...
US catering to its largest creditorForexLive (blog)
China Feeding on Treasuries Straight from the TroughStreetInsider.com (subscription) (blog)

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Diego Rivera poised to top NY Latam art auctions
Chicago Tribune
NEW YORK (Reuters) - A Diego Rivera portrait of a 10-year old girl, her head cocked and gaze wary, is expected to top this week's Latin American art auctions, where surrealist-tinged works by other artists are also primed to do well.

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Toronto Star
eBay's Newest Auction Item: Used Olympic Torches
Exec Digital
Monday, 30 auctions had been posted on the site advertising used torches, some even before bearers had a chance to put them to use. A number even included the white-and-gold torchbearer uniforms in the auction sale. With the intent to celebrate ...
Olympic torch sold for £153300Yahoo! Eurosport UK (blog)
Olympic Torch Sparks eBay ConfusionGeeks are Sexy Technology News
Olympic torches on eBay a day into relaySky News Australia
Yahoo! Movies UK
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Christian Science Monitor
Tech stocks exchange to change IPO auctions after Facebook glitches
Christian Science Monitor
Tech stocks IPO auctions will be revamped, Nasdaq CEO says, after delays plagued Facebook's first day of trading. SEC investigating to see if delays hurt trading in the tech stock's underwhelming IPO. By Associated Press / May 21, 2012 Robert Greifeld, ...
Nasdaq CEO Blames Software for Delayed Facebook IPO TradingSan Francisco Chronicle
Software caused Facebook glitch: NasdaqNew Zealand Herald
Nasdaq blames software design for Facebook IPO delayTelegraph.co.uk
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