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Tuesday, March 25, 2008

Top 10 Selling Tips

The most effective strategies are often the simplest. Find great information on pricing, features, and key words that attract buyers. Once you've done your research and compared your items to others in the marketplace, follow these simple but sometimes overlooked tips to attract more buyers and boost your bottom line.

  1. Maximize Profits with Low Priced, No Reserve Auctions: Getting that first bid is critical, as buyers are more likely to jump in if there are already bids on an item. Similarly, reserve prices can cause buyers to lose interest if they assume an item is overpriced. Many successful sellers set a low opening bid with no reserve to jumpstart bidding and increase their final selling price.
  2. Include Reasonable Shipping Costs: Specifying reasonable shipping and handling costs in your listing is essential for smart selling-and it improves your search ranking when buyers sort by total cost. So you can expand your market and increase your chances of success.
  3. Accept Online Payments: Buyers are more likely to bid on your items if your payment methods are clearly stated and easy to use. Get paid immediately and protect your transactions with our Payment Gateway2020–3 out of 4 buyers prefer it over any other method of payment. With Payment Gateway2020, you could receive 14 payment methods of transaction. The payment direct to your local bank account.
  4. Maximize Your Item Title: Be sure to include key words that buyers will search for, unique or descriptive attributes, and always check your spelling. Your item title is critical in helping users find your items, so use each character wisely.
  5. Describe Your Item in Detail: A good description is concise, well organized, and easy to read. Create bold section headlines, bulleted lists, and be sure to include item style/type, brand, condition, estimated value, and other attributes. You can also insert links to videos that highlight the unique features of your item. Think about your listing from the buyer's perspective. The more information you provide, the more likely buyers are to place a bid.
  6. Include Photos: A picture really is worth a thousand words! Use clear, well-lit photos from a variety of angles to accurately showcase your item. Use Gallery to display a thumbnail photo in search results-it's been shown to increase sales an average 10% and final price by 12%.
  7. Bring them back with great communication: The more customer-friendly your policies, the more you will be able to convert potential buyers into loyal customers. Clearly state your Return Policy directly in your listing-just knowing you have one will increase buyer confidence. Display custom FAQ's and respond to emails quickly. Include extras or a handwritten note in the box to really surprise and delight your customers!
  8. Get Free Boxes, Online Postage & Pick-up: The USPS offers a variety of free shipping supplies, delivered directly to you. After the sale, you can print postage and labels on your home printer and schedule carrier pick-up—so you can save money, time, and a trip to the post office!
  9. Establish yourself as an Expert: Share your product knowledge and drive traffic to your listings via MONSUN and Internet search engines. Create write Reviews & Guides and Blogs that feature your top-selling products. It's easy, effective, and free.
  10. Sell For a Cause: MONSUN Giving Works listings tend to sell at higher final prices, because buyers are more willing to purchase and often pay more for items that benefit a nonprofit. You can enhance buyer trust and loyalty by aligning with a cause, gain increased exposure, and receive a receipt for your tax-deductible donations!

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