Wednesday, August 12, 2009

How competitive eBay really is ??


Thank you for taking the time to read my guide of which you may be wondering whats it all about ! Well , i feel it necessary to write a guide which I hope may assist future sellers on eBay in Planning their Business before rushing into it. A Few tips ....
One - Before you even start selling any product , you must remember that someone is almost likely selling the same tthing and will also most likely reduce their price !
This is known as "Margin Killers". Sellers of the same goods , which keep on reducing the price, thus reducing their profit margin in order to ensure that their item sells and the others does not. This is nothing new, it has been happening all over the place, more memerably with the supermarket chains and the price of a tin of beans! The reason that this happens is so that business can retain and gather new customers by extremly competitive pricing , even though they may be making a loss on those product lines , but in order to secure future business from those customers. And of course , to try and put their competitors out of business!
Two - A Free Market system will ALWAYS DRIVE PRICES DOWN !!!!
Understanding this principle about the market system and subsequently ebay goes a long way to maximizing your profit from your auctions. Obviously if you are going to compete in a market of

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