ebay secrets

It’s been just a year since I completed writing the First Edition of eBay Secrets. A lot happens in a year- especially on the Internet. And even though I have added to this eBook from time to time throughout the year, it needed more than cosmetic surgery to keep it up to date. That’s why I’m writing this introduction. Besides a few changes in formatting, there is a lot of new information here. The most important change is in the section on “7 Really Powerful Ways To Start Making A Six-Figure Income On eBay And Just About Any Other Internet Auction Site Starting Right Now!” The ‘7 Ways’ are still the best ways to profit from eBay. But I’ve included information on WHEN to employ each one. Timing is just as important to successful selling or buying on eBay as it is in the stock market.

One of the trends I’ve been keeping an eye on is the number of auctions that close successfully on eBay. When I first started selling books and collectibles on eBay in 1998 it was fairly easy to sell discards, household items and unwanted items. That’s no longer the case. From February, 1998 (the date I started tracking closing ratios) to October, 2000 the closing ratio or CR’s (‘CR’ is the percentage of successfully closed auctions- not including reserve auctions) on eBay was approximately 80%. What that meant was that for every 10 items you listed for sale on eBay, you would have successfully sold 8 of them. Not only that, but you would have had multiple bidders! In many cases, an average of 3-4 bidders per auction. Of course, these are averages. If your item was rare or you were selling an expensive item at an incredible discount just to rid yourself of it, you would have probably received many more bidders.