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Tuesday, May 25, 2010

eBay Versus iOffer, Amazon & Other Auction Sites: Which is Best

If you are looking to sell items online, it is best to use the site(s) which will allow you to make the greatest amount of profit.

eBay is by far the most popular site because it has been known for its auctions. eBay is typically the first site to come to mind when online auctions are mentioned. This is likely due to eBays multi million dollar branding and marketing. eBay has truly dominated the auction industry.

But selling on eBay comes with a price. You are going to pay a large percentage of each sale in exchange for being able to offer your products to “the world”. eBay fees can eat up 25% ofevery sale; making it difficult for sellers with a small profit margine to be truly successful.

Amazon, iOffer and other sites also offer users the opportunity to list items for sale; most with lesser fees than eBay, but also lesser traffic.

WHO IS eBAY BEST FOR
eBay is, unfortunatly, the ultimate place for the “one week auction”. If you want to sell items rapid fire, eBay is pretty much the only choice. Of course you can use a site like CraigsList that allows you to post “For Sale Ads” at no cost, but then you have burden of waiting on customers to show up, hoping they pay with legitimate cash (or a check that doesnt counce) and also having to deal with customers that want to negotiate even the lowest of prices. By using a3rd party like eBay, you are allow eBay to collect your funding and ensure its legitimacy for you.

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WHO IS iOFFER BEST FOR
Sites like iOffer can be great for users that have tons of the same product to list (relists) and arent in a giant rush to sell the items. iOffer, Amazon and other non-eBay sellers DO get sales, but the downside is that they are not as immediate as eBay.

OTHER SELLING METHODS
You can also opt to sell items via trade shows, craft shows, flea markets and with your own website. If you are going to operateon a larger scale (like a permenant spot in a flea market), consider getting a merchant account so you can accept credit cards. But if you areonly looking to sell once a month or irregularally, I would recommend spending the money on one.

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