Ebay Auction -When and how long should you post your auction for? What Time is right?

Everyone will answer this question differently each of us have our own tips so this is
speaking from my past experience and research.
I feel the best time to post your auction would be on a Thursday Afternoon around 5:00cst.
When you post your auction up on ebay it will take them about 2‐3 hours to run the auction
live on their site.
You do not simply click the button and BOOM! it's up that is farthest from the truth.
You have to wait unless of course you would like to PAY ebay another fee to get your auction up at a specific time! Why do that? Just wait and keep your money or you are going to have to add more money to the cost of your item to make up the difference.

So people post their auctions at 5:00 on Thursday and they run a 3 day auction! YES a 3 day auction.
Why not a 10 day auction? Well you can do that if you want it all depends again on what you are selling.
Almost 95% of ebay's bidders just click the ending soon or going going gone button to purchase what they want NOW. They do not want to wait! So what we do is run the 3 day auction simply because we will have the advantage over the other sellers who are selling the same item that we have and ours ends sooner and this will end on a Sunday Night which is ebay's biggest nights for bidders!

If a bidder finds our auction ending in 1 day and the other seller's auction ending in 7 days who is he going to bid from? If he wants it bad enough and fast we win! Thurs.‐Sun doesn't get any better on ebay. People are home from work and are surfing the ebay for goods. A 3 day auction in our opinion pulls in more bids! Now recently ebay has let sellers use the Buy It Now option with dutch auctions.

So listen up!
If you are running a Dutch Auction we would advise you to start this on a Friday Afternoon around 5:00 CST and run it for 10 days using the Buy It Now. Your auction will cover 2 full weekends of bidders being able to view your product so Friday is the best with this route.

The buy it now advantage is that people do not have to wait for your auction to end so it doesn't matter how long your auction is running they can purchase your item now and don't care if it ends in 10 days.
You set the price for your item. You set the Buy It Now Price and they purchase it. The 10 Day Auction advantage here is that your items can be sold with the buy it now for 10 days straight without you having to repost this auction over and over again if you were to use the 3 day route and your item is shown 2 weekends straight.

You must have a feedback of 30 in order to run a Dutch Auction. You must have a feedback of 10 to use the Buy It Now Option. So if you don't have 30 bids you cannot sell more than 1 of the same item (dutch auction) so take our advice and run the 3 day auction.

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Sourcing UNDER-PRICED ITEMS On Ebay

There's an old saying - “money is made on the buy not the sell” - and this applies to eBay: Very often the price you can sell something for is dictated by the market, whereas there may be no lower limit to how cheaply you might be able to get something. There are several factors and cool tricks to consider when on the hunt for items to buy for less than their market value:

1) Knowing the value of what you are buying. As mentioned above, you could use the completed listings to find out how much a particular item has been actually selling for recently, and how great the demand is (number of items sold in a period of time, number of bids on each item). What's interesting is just how variable final sale prices can be for identical items... some of these factors relate to the auction itself, and other times it's just the luck of the draw. Sometimes there just so happens to be two people who both want an item badly, and on other occasions, the competition is thin. Knowing just how high to bid, and “staying unattached to the outcome” are things that can really help.

2) Items listed at the "wrong time of day". Sometimes people set their auctions so that they end in the middle of the night in the major country that they are listing in. It might be worth the effort to stay up late or set an alarm – as you will have less competition.

3) Misspelt items. Items on eBay are misspelt alarmingly often. However the good new is that this tends to mean that far less people will find them – and so they may sell for less money than they are worth. It can be an indicator that the person you are dealing with might be careless – but most often it's just a simple typo. When you think of the millions of items that are listed on eBay daily; there are inevitably thousands of misspelt items out there at any time.

A simple way to look for misspelt items is to search through the item categories rather than by item name.

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10 Steps to Successful Selling on eBay

So you want to be a successful seller with your own eBay business, do you? Here's

a simple, ten-step path to eBay enlightenment.

Step 1: Identify your market.

Take a while to sit and watch for what sells and what doesn't out of the items

you're interested in. Any market research data you can collect will be very useful

to you later on. You'll probably see the 'sweet spots' quite quickly - those one or

two items that always seem to sell for a good price.

Step 2: Watch the competition.
Before you invest any money, see what the other sellers in your category are up

to, and what their strategies are.

Pay special attention to any flaws their auctions might have, because this is where

you can move in and beat them at their own game.

Step 3: Find a product.

Get hold of a supplier for whatever it is you want to sell, and see what the best

rates you can get are - don't be afraid to ring round quite a few to get the best

deal. If the eBay prices you've seen are higher than the supplier's, then you're set.

Step 4: Start small.

Don't throw thousands at your idea straight away - get started slowly, see what

works and what doesn't, and learn as you go. Remember that it's very cheap to try

out even the craziest ideas on eBay, and who knows, they might just work!

Step 5: Test and repeat.

Keep trying different strategies until you find something that works, and then

don't be ashamed to keep doing it, again and again. The chances are that you've

just found a good niche.

Step 6: Work out a business plan.

A business plan doesn't need to be anything formal, just a few pages that outline

the market opportunity you've spotted, your strategy, strengths and weaknesses

of the plan and a brief budget. This is more for you than it is for anyone else.

Step 7: Invest and expand.
This is the time to throw money at the problem. Buy inventory, and start

spending more time on your business. Set a goal number of sales each week,

increasing it each time.

Step 8: Make it official.

Once you've made a few thousand pounds worth of sales, you should really

register yourself as a business.

Don't worry, it's not expensive or hard to do - a lawyer is the best person to help

you through the process.

Step 9: Automate.
You'll probably find that you're writing the same things again and again in emails

or item descriptions. This is the time to give up on the manual method and turn

to automated software that can create listings for you, and respond to completed

auctions and payments with whatever message you provide.

Step 10: Never give up.

Even when it looks like it's all going wrong, don't stop trying until you succeed. If

you keep working at it then you'll almost always find that you make a real

breakthrough just when things are starting to look desperate.

Once you get into the swing of things, you might start thinking that you should

quit your job and take up eBay selling part time. But it's not always as easy as that

- there are all sorts of factors that you need to consider. The next email will weigh

up the case for and against taking up eBay full-time.

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