One cent auctions are very common on Ebay and if you’re wondering what’s the secret of these auctions then this article is for you. 1 cent auctions are very popular because a product can start off at one cent and eventually sell for hundreds of dollars. If you’ve tried to sell on Ebay using one cent auctions and haven’t had any success, then chances are that you haven’t done what I’m about to mention in this article.
You see, the secret to selling with 1 cent auctions lies within backend selling. Backend selling is the key to make money online free with 1 cent auctions and you should keep this in mind. It’s the constant follow up of your customer that will make it successful.Your true profits lies on the backend. In any business offline or online, 80% of all business profits come from the backend – and you should keep this in mind. Even though you may get alot of attention from your 1 cent auction and it may even sell at a good price, you should know that your true success from that auction comes from selling to the same customer over and over again.
When you don’t implement backend marketing, you miss out on alot sales that you could be making. Take a look at all of the ebay sales that your getting, and multiply that by 5. These are the kinds of results that you could be getting when you implement backend marketing.When selling with 1 penny auctions, even if the final sale price doesn’t earn you a profit, you can still make money with them. You can email your customers using a simple autoresponder service such as Aweber.com to automate your backend marketing campaigns. If you’re a lazy marketer, you can use a default email every 15-30 days that goes out to all of your customers.
You can invite them to visit your Ebay store and check out all of the products that you are selling. Alot of your customers will take you up on your offer and will buy more from you. Some of these people were customers from previous 1 cent auctions – so you just made more money from your 1 cent auction just by sending out a simple email. This is the power of backend marketing and selling to your customers.When you sell to your customers again, the barrier to the sale is very low. They’ve already done business with you before and know that you are a reputable seller. They’ve already dealt with you before and like the way that you run your business. So buying from you again is an easy thing to do – especially if you made the customer feel special the first time around.
So you see, earning money with 1 cent auctions is a very easy thing to do, all you have to do is follow-up to your backend customers. You’ll earn more money because alot of your customers will buy more than one thing and the profits on the next sale will more than cover the deficit made on the first order.Good luck with selling on ebay, and earning money with 1 cent auctions.