eBay sellers are always looking for techniques that they can use to increase their profits.
Many of the methods that I have heard work better on paper, while other methods are simply not worth the time involved.
Here are some of the most time efficient and cost effective techniques that eBay sellers can use to dramatically build their bottom line.
Some of these strategies might be too aggressive for some eBay sellers, but they can work wonders for those who are willing to take the time implementing them.
eBay Profit Increasing Technique #1 Back end product sales.
After an online auction has been completed, and your customer is getting to ready to pay you, how about offering him an additional product that he might be interested in? If your customer just bought a DVD player from you, how about offering him a DVD cleaning kit? Assuming you have good feedback, and your customer is comfortable dealing with you, the additional product can be a higher priced item.
Many direct marketing firms use this strategy to substantially increase their bottom line.
eBay Profit Increasing Technique #2 More of the same, but at a lower price.
How about offering the customer additional discounts after the eBay auction is complete.
For example, your customer just purchased an NBA hat fromyou, now offer him two more hats at a 10% discount if he buys them all at the same time.
If your customer is really excited about the eBay hat he just bought, he will feel inclined to take advantage of your price saving offer.
This strategy works especially well when dealing with a business to business transaction on eBay.
Business shoppers on eBay are looking to maximize their own bottom line, and will be glad to save money by purchasing additional units at the same time.