Thursday, November 17, 2011

How To Auction Products For Fixed Price?

One of the main reasons that many sellers stay away from online auction sites is due to the complex bidding process. Shopping online might have picked up but the wait in these auction finder sites is painful for many sellers. Bargain hunting buyers spend hours in the bidding process to get the best deal which may not amuse the seller in the end. Although eBay has revolutionized online shopping it has its own share of drawbacks which keeps away the fixed price sellers.

Traditionally such sellers had to sell their products from their own websites. This meant creating a website working hard to generate traffic by buying traffic from other companies, writing articles and submitting them in free directories. This bullish method often yielded very little result and made people choose online auction sites like eBay on its terms or not look into the Internet as a perfect product selling platform. But these days there are few eBay alternatives which offer these services to the clients who can sell the products at fixed prices.

Here are ways in which you can sell your product at fixed price using the online auction sites:

•    First things first, there are a lot of buyers who prefer to purchase fixed priced products than bid on a website for the fear of paying more than other buyers. You need to target these groups of consumers.
•    Look for good online auction sites which allow you to fix the price of your products using what is called a Dutch auction. Many small sites are doing brisk business providing this convenience to the users.
•    Try avoiding giant online auction sites like eBay as your model of fixed price may not look attractive to the bargain hunting buyers. Niche eBay alternatives offer you a better platform to sell your products at a fixed price.
•    Unlike products or the bidding model, fixed priced products get lesser time frame to impress and convince a potential buyer. You have to make sure that your product listing is informative and attractive at the same time. You just have a few seconds to convince a buyer.
•    Directly place your website’s advertisement link on the online auction site as many of them allow you to do so. This will draw a huge amount of traffic to the advertisement on your website. You will be drawing the traffic at the same time selling at your own price.
•    Make sure the price of your product competes with the prices in the bidding model. Bargain hunting buyers stick to auction sites courtesy the great deals that they get. If you do not have a competitive advantage over them, your products aren’t likely to sell.
•    You can use the social media marketing to complement your postings on the online auction sites. This will create a huge buzz around your product and you can sell it at your fixed price.

All these will make sure that you can sell your products at the rates you want using the power of the Internet. The key in selling products through online auction sites is having a competitive advantage over the normal bidding process.

Be the first to like this post.This entry was posted on October 29, 2010 at 10:05 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


View the original article here

No comments:

Post a Comment