Fadedgiant Old Book Values

Guide To Rare And Old Book Values


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Planning your eBay auction listing

Complete a survey of similar items on eBay
- Do some research first. You need to be familiar with the value of your item. Failure to craft a detailed and accurate auction listing is a common reason that sellers are disappointed by the final price of their auctions. Search for an auction example of the item you are selling on eBay itself. What category is the item listed under? What words were used in the title and are included in the description? What was the starting price? What images were included? If there are multiple examples of the item, pay particular attention to those that sold for the highest prices (you can sort the completed eBay auctions by highest price by clicking on "Price" in the header at the top of the listed auctions). Until you gain some listing experience, you should attempt to make your listing look like the auctions that were successful in attracting buyers. Pay special attention to the title line (see “Creating the auction listing”). Also, if there is a visitor counter on the auction, take note of how many people viewed the auction. If you have time, or if you can not find any examples of your book on eBay, try a search on Abebooks.com (the largest retail collectible book selling site) for listing ideas. Keep in mind however, the book prices on Abebooks are retail prices, which are typically higher than auction prices and can vary considerably. As a fallback, search Yahoo.com, Google.com or any of the other search engines for background information and listing ideas.

Timing - If you plan to sell a relatively uncommon book or item that is not found for sale on eBay regularly, before listing it, we recommend that you check eBay to determine if the same item is currently being sold there. If it is, you might want to consider delaying the sale of that book until the auction currently on eBay ends. Competition may decrease final sales prices in the case of valuable rare books or other items for which there may be few interested or qualified buyers.

What are the best days and times to list my auction on eBay? - When planning auction listings, an extremely important consideration is the day of week and the time of day that your eBay auction will end. If you don't time your auction to close on the peak eBay bidding days and times, you'll lose bids. Why is this important? We've found that much of the REALLY competitive eBay bidding occurs in the last hours, minutes, or even seconds of the auction. The most profitable auctions are those where last minute "bidding wars" occur. Where two bidders who are intent on winning the auction, closely monitor the auction to its close, and continue to bid the auction higher in an effort to win the auction. Emotion can take over in these situations and a potential buyer may bid far more than they would have under less competitive conditions. Your goal should be to schedule your auction to end at a time when these very competitive bidders can be online, shopping on eBay, and actively watching your auction. Admittedly, some of this last minute bidding is done automatically through the use of automated "Sniping" software, but much is not.

eBay listing schedules - If you're using 7 day auctions, your auction will end exactly 7 days after you list it. The best times for your auction to end are evenings, and the best days are on the weekend. These are the times and days that most people are on eBay. If you're using 7 day eBay auctions, then you obviously need to post your listing on Saturday or Sunday in the evening. You can also post 5 day auctions on Mondays and Tuesdays so that they end on the following Saturday and Sunday. Since sellers are charged the same listing fee for a 5 day auction as for a 7 day auction, and longer auctions normally result in more bids than shorter auctions, 5 day auctions should be used judiciously. One exception to the weekend listing recommendation is listing Monday. We have found that Mondays can be particularly good selling days. Not everyone has internet access at home and apparently there are buyers who are searching eBay and placing bids at work where they are likely to have a much better internet connection.

There is a way to get around the "list now and your auction will end seven days later" basic listing schedule described above, and that is by using the "Scheduled listing" option. If this option is selected when listing your item, you can delay the start of the auction until a specific date and time, up to three weeks in advance. This costs the seller $.10 per auction, so we recommend against using it for low value auctions, but for higher value auctions, $.10 may be a small fraction of the profit. The scheduled listing option can be extremely valuable for those part-time eBay sellers who have jobs where they work nights or weekends.

What are the worst days and times to have your auctions end? - You don't want your auctions to end when no one is using their computer. The worst days are holidays. You want to avoid having your auctions close on Christmas, New Years, Thanksgiving, 4th of July holiday weekend, or any other days where people are very likely to be away from home and/or their computer. Extremely popular sporting events or well-watched television shows can also adversely affect eBay shopping. Super bowl Sunday or the World Series are probably the best examples of  well-watched, televised sporting events that pull bidders away from their computers (if you are a BUYER, keep this in mind). We've also learned that Fridays are not very good days to end auctions. Friday evenings are popular recreation and travel times and our experience has shown that you should avoid having your eBay auctions end on that day. Although not as important as the day of the week, another consideration if you’re selling items that are regionally popular is the time zone that you live in versus the time zone of your target customers (if you have any target customers). If you live on the East Coast of the United States, keep in mind that there are plenty of shoppers who are three hours behind living on the West Coast. Auctions that end late at night on the East Coast, will end up being evening auctions on the West Coast.

Sell it on eBay: TechTV's Guide to Creating Successful eBay Auctions by Jim Heid, Toby Malina

Got goods to sell? Then get this guide! Chances are, if something exists (and maybe even if it doesn't), it's been sold on eBay! But making sure that your items not just sell, but sell quickly, at your desired price, and without any snafus in shipping or payment takes some doing in the world's largest bazaar. To ensure that kind of eBay success, you need this no-nonsense guide. In these pages, eBay aficionados Jim Heid and Toby Malina have teamed with the folks at TechTV to create the first and last word on selling at eBay. Through easily digestible text and a visually approachable design that shows you how to take flattering photos of your merchandise and design beautiful pages, this handy guide hones in on precisely what you need to know to sell or even start your own business on eBay. Filled with need-to-know information about everything from payment methods to shipping considerations and establishing starting bid prices, this is where you'll want to go before you go online!

What eBay category should I list my books in? - The question of what category to place your collectible book in can be a challenging one. If you are new to e-Bay, check out past auctions. For collectible literature it's safe to place your books in the  "Books -> Antiquarian & Collectible" category.  For collectible nonfiction however, you might want to consider placing your books in "Collectibles" and under the subject matter category.  For instance, old railroad books will probably sell better under "Collectibles -> Transportation -> Railroadiana, Trains". Books chronicling the Spanish American War and printed contemporary to that conflict, would probably sell very well under "Collectibles -> Militaria -> Spanish-Amer War (1898-1902)" etc. If you're selling an older nonfiction book, browse the collectibles categories to determine whether there is a specific category for that subject. Your book may sell better there. There's nothing to stop you from placing your books in both "books" and "collectibles " but keep in mind, placing your book in two categories will increase your initial listing fee.

For other items (and even books), a great way to determine the best category to list your auction under is by using a survey of completed eBay auctions. Type the name of your item in the search box, select “Completed items” (under “Display” in the left margin) and then sort the items by “highest priced” (located in the header at the top of the listings). Then it is just a matter of calling up the top selling auctions and noting which categories yielded the highest prices.

The listing category may be important for selling new products, but in the case of books and other collectibles, the category may not be that important. This is the primary reason that listing in more than one category is not recommended. Most buyers of books and collectibles use a search for the item that they are looking for. Ensuring that appropriate keywords are included in the auction description and title is normally more important than the accuracy of the listing category that is chosen.

Using the Gallery option - Placing your item in the eBay gallery can have a very positive affect on sales, but not necessarily for all items. Some buyers use the gallery view exclusively when shopping for things like paintings. But the option is not free ($.25), so you should be somewhat discriminating when choosing which books or items that you do place there. Items that are commonly differentiated by viewing, or whose form or style are not well known to most buyers are typically the types of things that benefit most when placed in the gallery. Commodities such as recent best selling books, or new electronics may not benefit as much as paintings, prints, artwork, or other collectibles. In the case of books, hard cover books with plain, dark-colored boards are not likely to benefit much from a gallery listing because the buyer is not likely to discern much more than a dark rectangular shape in the gallery view. Books with elaborate or colorful covers, or collectible books with dust jackets, especially older ones, are likely to benefit greatly from being placed in the gallery.

In the case of very inexpensive books, the cost to place such books in the gallery, may represent a significant percentage of the total selling price and your profit. Keep in mind though, that a gallery photo may make the difference between a "sale" and no bids at all. If you suspect that a photo will help sell your item, we would opt for choosing the gallery option.

Reserve auctions - Reserves protect the seller, but turn off the buyer. We have never used reserve auctions, but we can understand why some sellers do. Either their investment in the item is considerable, or they are emotionally attached to the item (I'll only sell it if I can get $xx for it.), or their understanding of its value is inflated. None are willing to let the market decide the value of their item (which is its true value) so they use a reserve auction to ensure that the item sells only if it reaches a minimum threshold selling price.

Unfortunately, reserves are all too often set excessively high and therefore lead to disappointment for buyers. Auction buyers, especially new ones, enjoy the thrill and novelty of winning an auction. On the other hand, It's also very disappointing for high bidders to be turned away because their high bid did not meet the auction reserve. The auction was essentially a waste of their time. You might say "So what, the bidder can't leave any negative feedback for me so there is no harm done." The problem is, buyers have a long memory and remember which sellers have disappointed them, and those that have made their eBay buying experience a positive one. A buyer is not likely to place a bid on the auction of a seller who has previously disappointed them. You've just decreased your pool of potential buyers. After being "bit" too many times by reserve auctions, some buyers simply decide to avoid bidding on reserve auctions altogether. Many sellers have recognized that reserve auctions are a turn off to many bidders and they make a "no reserve" policy a selling point.  They advertise their auctions as "no reserve" by placing the statements "No reserve" or "NR" in their auctions. Some go as far as placing these in their auction title.

Instead of reserve auctions, a much better way to protect your investment is to set your initial listing price just high enough to protect your cost and prevent a loss. Nothing is hidden. Your minimum sale threshold, when built into the initial listing price, is presented for all to see and you've avoided disappointing any bidders and potential bidders by a "did not meet the reserve" auction conclusion. If for some reason you feel that you need to use a reserve to protect your investment, keep in mind that you are turning away bidders.

Buy it now - Don't use the eBay "buy it now" feature. We generally have not used this for collectible and rare books, especially now that it is no longer free (eBay charges $.05). If a buyer makes a purchase using "buy it now", it's probably because they realized that the book was a very good value and therefore the seller did not receive a maximum price for their book. The eBay "buy it now" feature is much more useful when dealing with commodities (such as new books) where the value of an item is well established.

International buyers - Although we strongly recommend that you accept bids from international buyers, you'll find that many sellers on eBay do not accept them. Why don’t sellers accept bids from overseas? There are a few reasons. First, is a lack of understanding about available payment methods. Although we've had international buyers remit payment with cash in US Dollars, this is really not a good idea and should be avoided (explained later under “After the auction). A much better way to accept payment from international customers is to use Paypal, or through the use of International Money Orders. Both payment instruments can be drafted in US dollars, so there should be no worry about having to accept Euros, Yen, or other foreign currency. These payment requirements can be written into the fine print of your auction listing ("International buyers must make payment via Paypal or international money order in US dollars") so that buyers understand your terms. Another reason eBay sellers don't like international bidders is that they don't want to have to put in the extra work required to ship outside of the United States. A declaration form describing the content of the package is required by the United States Postal Service when mailing outside of the United States. A third reason that sellers don't like to sell internationally, is that insurance is not available for mailing to most other countries. However, we have had numerous overseas eBay buyers, mailed their books without insurance, and never failed to have one delivered. Almost all of the international buyers we've dealt with have been extremely friendly, prompt, and easy to deal with. Because so many eBay sellers in the United States are NOT willing to sell internationally, most of our international customers have seemed almost grateful for the opportunity to bid on our auctions. Before you decide not to sell internationally, reflect back upon what we've stated about the "secret" to eBay selling; attract as many bids as possible. And if you're trying to attract as many bids as possible, it's important that you don't limit the universe of eBay bidders solely to those in the United States.

Next: How to write an auction title

Introduction
Where to buy books to sell on eBay
Planning your auction
How to write an auction title
How to write an auction listing
Auction item photographs
How to maximize your selling price
After the auction
What if the buyer doesn't pay
Maximize Profits - Keep your costs to a minimum
What not to do - a summary
Top Ten Seller Tips
Register on eBay
Buying on eBay - buying tips

Copyright © 2002-2005 Fadedgiant.net / Harry Paul Mann, Jr

Sell your item on eBay!

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Got goods to sell? Then get this guide! Chances are, if something exists (and maybe even if it doesn't), it's been sold on eBay! But making sure that your items not just sell, but sell quickly, at your desired price, and without any snafus in shipping or payment takes some doing in the world's largest bazaar. To ensure that kind of eBay success, you need this no-nonsense guide. In these pages, eBay aficionados Jim Heid and Toby Malina have teamed with the folks at TechTV to create the first and last word on selling at eBay. Through easily digestible text and a visually approachable design that shows you how to take flattering photos of your merchandise and design beautiful pages, this handy guide hones in on precisely what you need to know to sell or even start your own business on eBay. Filled with need-to-know information about everything from payment methods to shipping considerations and establishing starting bid prices, this is where you'll want to go before you go online!

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