Penny Auctions for Information on EBay and Other Auction Sites

Why the .99 cent auctions are better then the 1 penny auctions.

Now the 1 cent auctions are a great brainstorm as you can see at first glance. They are so low priced that they sell like hot cakes for some sellers. However you need to crunch the numbers, if you do it like the list says then it costs you the .10 cents to list it, but since its only a penny it sells for your final value fee is 0 cents , but if you collect it thru paypal, they take that penny. So your still out the 10 cents it cost you to list the store and the 30 cents it cost you to create the auction. Your actually loosing 40 cents, while 40 cents is not much at all, imagine selling 400 of them. See it adds up, but the marketing ploy is great cheap auctions that sell them selves almost hell of a way to get the feedback if you ask me.

I though however am selling on eBay to make money not to spend the money I make at my regular job in some fun filled hobby. So I know there are other ways to sell out here that do make money and I am finding it by trial and error. I am not new to selling, been doing it for a few years here and there, but mostly buying. I spend way too much out here buying additions to my angel collection. It's an addiction of mine, but kind of costly as well.

Yes you can make money out here all you need is a unique idea or lots of stuff just sitting around or cash to purchase stuff. Me I'd rather use the grey matter between my ears for something other then taking up space. I am one who'd rather come up with my own stuff because simply put it sells better.

I keep track of all my sales in an excel spreadsheet, I have a degree in computers so that's easy for me, but you could do the same in a notebook. My way just simply crunches the numbers automatically with a few formulas in the right place. That's how I knew I was loosing money and well that's not cool with me.

The concept is great do not get me wrong but do the math yourself folks, and you'll see that you are loosing money with those but gaining feedback.