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Old July 8, 2002, 12:24 PM
Diane Everroad
 
Posts: n/a
Default A Successful Ebay Test... Tell Me What You Think

Hello,

I read Dien's latest post... and I too have been busy *behind the scenes" creating and testing business ideas. :-)

(I currently have 3 different businesses going... all based on my "expertise" of Internet Advertising and Marketing.)

Therefore, I almost never have enough time to post on sowpub anymore. Of course, I still "lurk." ;-)

O.k. On to my question to you...

Just as most of you (if not all), I've been reading about, hearing, and even thinking about ebay.

So, I wanted to take the time to do my own test.

I took a total of 10 days, from beginning to end, to implement the beginnings of this ebay test.

Here's what I did...

First, I invested $13 in an ebook to get an understanding of how ebay operates. Next, I went to 1 auction and 4 garage sales in a 2 day period, and purchased some items for a total of $11.

I than used the "secrets" I have used, over and over again, to get the number 1 listing on numerous Search Engines.

I created what I thought to be an extremely effective ebay selling system in 7 hours... this system was based on our 3 years of Internet sales and marketing experience.

Then, I took photos of my "ebay test items." After that, I placed my items up for sale.

Since this was all new to me, I was a little nervous. Boy, did I feel funny when I realized I had just bid on one of my own items!

I least that is what I thought... because within the first 4 minutes I had a bid! Hmmm... this could get very exciting... and addictive! :-)

By the end of the first week, 8 of 11 items I had posted had been bid on, and sold.

Now here is what I find to be *very* exciting... my investment for the "test" items came to $11.
(Remember, I only paid an averaged out amount of $1 for each item. For one item, I only paid 10 cents for it at a garage sale).

Eight of the 11 items sold. I relisted the 3 items which didn't sell... I'm testing an idea with them too, now. :-)

The dollar amount in sales returned was a total of $118!

The lowest bid on an item was $3.00, and the highest was $46.25. (Again, remember... I only paid an averaged amount of $1.00 for each item.)

Now, I know that $118 is not a great deal of money. And, of course, I have to deduct my one time investment of a $13 ebook. Also, the extremely minimal ebay fees.

However, what I'm excited about is that I used the *exact* some methods on ebay that I've used on my other successful Internet ventures.

So, my questions to you are...

Would you consider my ebay selling experience a success?

Do you think my ebay sales were a good enough ROI?

If I put my system together in a "packet," do you think others would be interested in purchasing my system for selling on ebay?

Or, do you think this was all just beginner's luck?

I really would appreciate your honest thoughts and opinions on this test.

I look forward to reading your comments.

Cordially,
Diane Everroad

P.S. If you would like to respond to me personally, send me an email at: [email protected].


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