Online auction selling tips and tricks

When selling with online auction on sites like Lot3auctions.com, there are several strategies you can use to increase your profits.

The tips and tricks below focus on Lot3 online auctions, but the selling strategies are relevant to other online auction sites.

Make sure your auction finishes at the right time

Most bids are placed in the closing hour or even minutes of the Lot3 auction. Therefore you want to make sure the maximum amount of buyers are viewing your product at that time.

The busiest times for Lot3 online auctions are on the weekends. Many sellers suggest that Sunday evening is the peak selling time. During the week the busiest time is around lunch time. The least busiest time is apparently Friday evening and Saturday morning.

Good photos and description

Your auction will attract more interest if you have good photos and a detailed description.

Buyers still like to see before they buy, and a good description can make it the deal clincher.

Offer various payment options

The more payment options you offer as an Lot3 online auctions seller, the more bidders you will appeal to.

Get positive feedback

If you are new to Lot3 online auctions and don't have much feedback consider selling some cheap items initially. This will allow you to build up your positive feedback. Once you have a fair amount of positive feedback then auction your more expensive items.

Good feedback will increase interest from buyers who can now bid more confidently.

When selling via online auction sites remember

Make sure you include a detailed description of the item condition and what is included.
State your auction rules, postage costs and return policies clearly.