Selling on eBay? Heres a Success Tip for Your Online Auctions

Are you planning to sell on eBay? Or have you tried in the past but not had much success with your online auctions? If so, here's a strategy that has worked very well for me.

In my experience, the auction lots where I created a useful collection of related items got more bids and closed at higher prices than auction lots that were all one thing.

For example, instead of listing an auction lot of a simple strand of rose quartz oval shape beads, why not create an auction lot of a neat little "designer collection" of beads?

In this case, you could group some of those rose quartz oval beads with garnet rondells and freshwater pearl beads. These three stones work really well together, and this auction allows the winning bidder to have a lot more creative fun than he or she would with a group of all the same kind of bead.

Combo auction lots like this tend to be more valuable and useful to bidders. In a single auction and for one shipping price, they can get a variety of items instead of just one.

Another advantage of making combined auction lots is that your auction listings will contain more keywords that are being searched for by a much bigger group of bidders. For example, our designer bead collection auction could be found by bidders searching for rose quartz beads, bidders searching for garnet beads, and bidders searching for freshwater pearl beads.

That's a significantly larger group than just bidders searching for rose quartz beads. And a good portion of bidders from all three keyword searches will be watching and considering your designer bead collection auction.

Now here's where it gets really good:

Not only do you have a higher demand for your combo auction lots - you also don't really have any competition for the exact auction lot you're offering. Other sellers might offer rose quartz ovals, or garnet rondells, or freshwater pearl beads - but not all three together in one temptingly color-coordinated auction lot. If a bidder wants this bead combination, your auction is the only one available to bid on.

So according to Economics 101,

high demand + low supply = higher closing price.

You can make tempting kits or package deals of other auction lots no matter what your niche is. Here are a few ideas:

* assorted colors of polymer clay plus some basic clay tools

* inkjet cartridges plus two packs of fancy printer paper

* padded shipping envelopes plus tape

* scrapbooking pens, stickers, and a paper cutting tool

To bidders, these combination auction lots are much more appealing and valuable. If you're a regular seller of combo auction lots, you'll quickly gain a following of eBay buyers who always check your current auctions to see what irresistible new combinations you have available.

Writer and jewelry artist Rena Klingenberg publishes jewelry marketing secrets several times a week in http://www.jewelry-business-blog.com. You'll also find wisdom from eBay experts in her site's collection of eBay success tips: http://www.home-j ewelry-business-success-tips.com/sell-jewelry-on-ebay.html.

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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KGMI
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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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 ...
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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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Telegraph.co.uk
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

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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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