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Step 1
Product: The product you sell will determine how well you will do. Find hot products by doing keyword research on what types of products others are searching for.
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Step 2
Pricing: The price will effect your bottom line on profit. You will want to start the bidding at a minimum of 10% over cost. This way, even if there is only one bid, you will not lose any money or waste any time listing a product that only covers cost.
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Step 3
Fees: Consider the fees to list each item and include them in your price. eBay (link for free account under Resources heading) fees are low and are shown prior to the final listing, which allows you to change the pricing if needed.
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Step 4
Shipping: Determine shipping charges prior to listings and charge accordingly. High (overpriced) shipping can keep potential buyers from bidding on an otherwise fair priced item.
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Step 5
For more information and tips on making money with online auctions, visit the link below, under the resources heading.
