Business Opportunities Weblog

October 31, 2006 by Ty Tribble | 0 Comments

We have all seen them. Those auctions that have a Buy It Now price of a penny for an eBook, wallpaper, screen saver, or some other digital product. So what’s the deal? Why would anyone waste their time, money, and energy creating auction listings for a penny?

Heck they are losing money (even if they do the “click here to get automatically pre-approvedâ€? button trick) on every sale. You can’t even make a profit by increasing the volume. It a losing deal right?

Well, maybe not…

If you look at just the price versus cost, yes, it’s a loser.

But there could be more to it.

I won’t talk about the feedback aspect that can be gained from these cheap auctions, as in many cases this is a violation of eBay’s policies. So, if you are only planning penny auctions for feedback, I wouldn’t waste my time. But there are a couple of real good reasons to list these items.

Do Penny Auctions Really Make Cents?

In Ebay & Online Auctions | 0 Comments