Tuesday, July 20, 2010

Timing The Start of Your Auctions For Maximum Profit

There are two important factors to concider when starting your auction to get maximum profits. The first is for how long should the auction run for? And the second is at what time should the auction start/end?

Youhave five options, 1 day, 3 day, 5 day, 7 dayand 10 day long auctions. You need to concider the day the auction is going to end, this is for posting your item, so ending the auction on a week day is a good idea. This attracts any buyers wanting next day delivery, or to receive the item within a few days. An auction ending saturday afternoon will mean the buyer will receive the item Tuesday at the earliest. This may not be the best time.

A 7 day auction may be the best optionas it covers all the days of the week. (including peak days like Friday night and Saturday) It is not too long for buyers wanting the auction to end so they can get the item. 10 Day auctions may be too long for some buyers to wait and they may loose interest. However, 10 days does allow time for more people to see the item you are selling.

Sunday is the best day for the auction to end as you can send the item the next day. It also means the auction will be viewed over the weekend, the peak time.

The worst time for the auction to end is between 10PM and 7AM, this is because buyers will be asleep, not on eBay to bid. The best time to end the auction is between 8PM and 9PM as people will be at home, and probably not asleep. They will not mind going onto eBay at these times.

To summariseI think the best day to start the auction would be a Sunday at 9PM for 7 days, or Thursday at 9PM for a 10 day auction.

I hope this helps. If you think I have missed something or you do not agree then e-mail me. You can contact me through my eBay shop:

The Skateboard Shop

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