When you think of online auctions do you think of listing some items from your home? Wait, there are other business models involving using an online auction to make you big fast money from home! So let’s have a look at some of them in more detail and perhaps one will make you a good second income.
One of the very first ways for “ordinary” people to make money online was through online auctions like eBay. Whether you were selling used maternity clothes, car parts, or collectibles, eBay promised millions of eyeballs, brought directly to your goods, allowing you to sell virtually anything with a minimum of hassle.
Adding auctions to your blog is a great way to make some extra cash, and eBay makes it easy with a plethora of simple tools. The best part: You don’t even have to create your own auctions! You can pull in auctions for items related to your topic or subject matter with RSS feeds, product feeds, or directly from auction listings.
In your quest for monetizing your blog with online auctions, the first thing you have to do is to join the eBay affiliate program is to go for more information at: www.ebaypartnernetwork.com. Then you can use eBay’s tools to pull specific feeds into your blog. You can include live eBay listing information, direct links to auctions that might be of interest to your market, and a host of other options.
Of course, if you have your own products to sell, all the better! Sign up with eBay, and then you can list your products and show the auctions in real time on your site, letting your readers know that your wares are going, going… sold to the highest bidder!
When promoting auctions as an affiliate, the advice to know your products, provide value, and promote your affiliate links holds true. And if you’re listing your own products and showing your auctions via your blog, it’s even more important to spread the word and drive traffic to your website and auction. More traffic will result in more action on your auctions, which in turn leads to higher selling prices.
You can use this method to build your email subscriber list – simply sell a small relevant item to your list niche cheaply and when you send it out include a flyer or card detailing your optin page. You might say “Hope you enjoy this item. For your free report download visit (your website)” and when they go to your website it is a squeeze page detailing the free report to download when they enter their email address.
The beauty of this method is that although you are unlikely to make a profit on the initial sale, you capture the email details of a buyer so you can contact them with your offers, freebies and discounts in the future.
They are not your average subscriber either, since they have purchased from you so they are on your buyers list immediately. If they liked your initial item, which may have been a CD report or audio, then they will be interested in other similar products you can offer at a great price.