When you’re listing an item for sale, you’ll no doubt be presented with eBay’s
recommendations to improve your listing. This usually consists of recommending
that you add one of the options that
will improve your final selling price. Sounds pretty good, doesn’t it? But getting
carried away with these options is easy and can lead to spending all your
profits before you earn them.
In the eBay University classes, instructors quote auction success rates for
the various features, but in the real life of your business, success varies from
listing to listing and category to category. If you take the boldface option and
then your listing appears in a category full of boldface titles, the bold just
doesn’t have the punch you expected to get (and paid for). Your item would
stand out more without the bold option. It’s the same with highlighting.
Certain categories are loaded with sellers that go overboard in the use of this
feature all the auction titles appear in a big lavender blur.
You need to weigh the pros and cons in terms of how these options affect
your eBay business. Will spending a little extra money enhance your item
enough to justify the cost? Will you be able to make the money back in profits?
You must have a good understanding of what the options are and when
and how you can use them to their fullest advantage.
For every item you put up for sale, you have to pay a minimum of two fees: an
insertion fee for listing the item and a final value fee. (I discuss these two fees
in the “eBay’s Cut of the Action” section, later in this article.) If you accept
credit card payments through PayPal, you must also pay a fee to the payment
service. Estimate your expenses from these basics before you consider
spending money for advertising.
Home-page Featured auctions
A new user going to visit eBay for the first time arrives at the eBay home
page, eBay.com. A Featured Items area appears in the middle of the
home page; below this area are links to six home-page Featured auctions.
When the user clicks the See All Featured Items link, the
home-page Featured Items page appears. Most of these
items are fixed-price listings that feature hundreds of items at a time. Many
also feature specialty items that list for tens of thousands of dollars.
If you want the opportunity to have your listing title link occupy this very special
piece of real estate, the home-page Featured auction option will set you
back $39.95 for a single item. If you have two or hundreds of widgets to sell,
it’ll cost $79.95. For big-ticket items, you’ve found the perfect location to draw
an audience that may easily earn back your $39.95. People who are new to
eBay come in through the front page; this is prime real estate. The six auctions featured on the home page rotate randomly throughout the day. There’s no
guarantee that your item will be featured as one of the six home page links
but it will appear in the home-page featured category linked from the home
page.
Another benefit of this option is that if someone searches your keywords or
browses through your category, auctions featured on the front page appear
at the top of the page (along with Featured Plus auctions, which I describe
next). But you must keep in mind how much you’re paying for this option.
Unless your auction will bring you more than several hundred dollars, this
feature probably isn’t worth the additional cost.
eBay’s special combo deals
Any restaurant that serves up a menu of tempting
treats will usually offer combo deals.
Surprise so does eBay. They can be a great
way to save money while combining options:
Value Pack: I use the Value Pack all the time. It’s
only $0.65 and combines some of eBay’s best
features at a bargain-basement price:
- Gallery: You have to have a Gallery picture
to make your item stand out (regularly
$0.35).
- Subtitle: Give your item some extra selling
power with the extra information you put in
your subtitle (regularly $0.50).
- Listing Designer: This can be a little iffy.
Choose from one of the many colorful
graphics eBay has to offer if one appeals to
you. But you may have your own template,
or you may just not want to use one of the
kitschy graphics. That’s okay too. You don’t
have to use Listing Designer to get this deal;
just leave the Listing Designer box empty
when you get to that part on the Sell Your
Item form (regularly $0.10).
So, you actually get $0.95 worth of options for
$0.65. Even if you don’t use the Listing Designer,
you’re saving money.
Pro Pack: Whether the Pro Pack at $29.95 is a
good deal is a good question. You get several
big options here:
- Featured Plus!: I’m a big fan of this (it really
works), but it’s only $19.95 by itself.
- Gallery Featured: In this book, Gallery
Featured doesn’t even get its own heading
because I think it’s redundant. You get the
same push for your item by using Featured
Plus, but you get a slightly larger gallery picture
and your link is laid out differently. I
doubt I’d ever use these two options
together; it’s an either/or proposition (regularly
$19.95).
- Border: Yep, a great option, but it only costs
$3.00 on its own.
- Highlight: $5.00 by itself; can be overkill
when combined with the Border option.
- Bold: Yep, a good option, but it’s regularly
$1.00.
Because you’re not an amateur (you know the
ropes of eBay), you don’t need to spend extra
for this package. You can simply put together
your own “pro” stand-out option package for
only $24.30 by using Featured Plus!, Border,
Bold, and a $0.35 gallery picture. |