Yahoo Auctions has announced that they will stop charging fees for US based auctions. This is designed for the consumer auctions primarily but has very important implications for internet marketers as well.
Yahoo! Auctions has changed its pricing to create a model that is free for all consumers listing items on our Auctions platform. We have eliminated all fees associated with Auctions listings, including listing fees and final value fees. Many users have been asking for this type of structure, and we are happy to provide it as a way to strengthen our partnership with the seller community and clearly demonstrate our commitment to our sellers' success. The new pricing model will go into effect Monday, June 6, 2005
Visit http://auctions.yahoo.com/phtml/auc/us/promo/announcements.html for the full story.
What does this mean for you?
Simple.
If you ever wanted to make money online and stopped because auction sites charge to even list an item (plus then the fee a the end of the auction), then this is a great timeto try out this business model and make some extra money.
We all have items laying around the house (and to tell you the truth, fleamarkets and garage sales can be an absolute treasure trove too) that could be worth a lot of money to someone else and you thought it was just junk.
Use Online Auctions to Promote Your Business!When they first appeared on the scene, online auctions were used mainly by people looking to get rid of old heirlooms or collectors in niche markets (stuffed collectibles, etc.). Now, it seems like everyone is participating in online auctions. People are also beginning to realize that auctions can be a great way to promote a business and test products. I have to admit it -- I m an eBay junkie. I m probably on their site at least 4 or 5 times a week, looking for items to add to my various collections, and the more I visit, the more I m seeing businesses using online auctions in creative ways. For instanc ..
ABOUT THE AUTHOR
J. Ratliff is author of the Affiliate Directory. Learn how you can make money with auctions at Express Profits
Online auctions can be fun and lucrativeWhen the Internet became popular in the mid-1990s, one of the
first things users realized was its business potential. If you
can do business in a store or through a catalog, why not through
a Web site? And soon online auctions were born.
Online auctions work essentially the same way as regular
auctions. A seller places an item up for bids, and interested
parties take turns naming the price they d pay for it, until
finally the highest bidder wins and must purchase the item for
the last price he named. On the Internet, a time limit is
usually imposed; for example, the highest bid rece ..
