subject: Pay-per-bid Auctions The New Hq For Selling Your Stuff Online [print this page] Auctions have a huge draw for a lot of people, and its been that way for hundreds of years throughout many cultures. The primary draw is the knowledge that items will be sold at discounted rates, typically below the estimated or established value (primarily the retail price or MSRP in a modern sense).
The auctions draw huge crowds of people online with the hope that theyll get a piece of the discount pie. Auctions are more than just a place for buyers to get their goods, its also a fantastic marketplace for sellers to offload products or items that are being stored in order to make a profit. While this has been common on major sites like eBay, the penny auction sites never worked off of this type of system.
Since the inception of the penny auction and pay-per-bid sites, those platforms always hosted and sold their own goods. This made the management and shipping of goods easy (since they often drop-shipped just about every product) but unfortunately this method and auction model has made a lot of people question whether or not theres some measure of bias in the system.
The concern mainly pops up because the seller (the auction site) is making money on every bid so what incentive do they have to stop?
Theres change in the air however as sites like Exceet.com are taking a stand against this form of penny auction profit by changing the model and the way people look at penny auctions. Exceet has a new take on the pay-per-bid auction as they move toward the traditional style of fairness and functionality of popular sites like eBay by creating a buyers market.
That means that anyone can have their items posted on Exceet in order to bring in bids. With this model, people can trust in the safety and fairness of a purchase as if they were buying on a major trusted network like other large auction sites.
For a buyer to succeed on this network however, it pays to follow the tips that work everywhere else.
1) Before you mark an item for sale in a pay-per-bid auction site or penny auction site like Exceet.com you need to understand the value of the item youre selling. You cant very well establish a limit on the auction unless you know what your product is truly worth. Do some comparative shopping or contact the manufacturer for the MSRP of the item before you create the auction, that way its fair for the bidders and youre more likely to attract bids.
2) Optimize your item so that its prepped for the search engines to crawl it and list it appropriately. That means putting in relevant keywords within the title and the descriptive body. Likewise, use photos that are optimized with keywords by naming the photo using similar relevant keywords. Getting improved listings in the shopping section of search engines brings you more traffic, more bids and a better chance to make money in the pay-per-bid auctions
3) Include as much detail in the item as is necessary to get it sold. You can always provide too little info but you can never provide too much. The more people know about what youre selling the more likely they will be to recognize the fact that they need it.
The ability to now sell items through penny auction and pay-per-bid sites is amazing, and the process is simple in comparison to dealing with the major auction sites. The guidelines are simple, and you can guarantee a rapid turnaround time on the items that are listed. If eBay and other major auction sites arent your cup of tea then try your hand at some pay-per-bid auctions and watch your profits soar.
