Have You Heard Of eBay Expert Terry Gibbs?

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I’d like to introduce you to Terry Gibbs. Terry teaches people how to run profitable home-based antiques and collectibles businesses and eBay plays a big role.
Terry even wrote a book called the Auction Revolution about his eBay experiences.
I know you are thinking. . . ‘I need another book about eBay about as much as I need a haemorrhoid!’
But, Terry’s new book is revolutionary.
You see, most eBay books are written for the new seller. Some like Soggy Sandwich book are directed to the more advanced seller, and contain material for beginners. The beginner material is included so anyone can use the book successfully.
Terry does the same thing in the Auction Revolution. He starts out assuming you know absolutely nothing about eBay and builds from there. The first 115 pages are all eBay - everything from setting up an account, to writing your first listing and getting paid. Even as a seasoned seller on eBay I have found some good suggestions.
A Side Note Here: This is how people become experts–by seeking out the experts and following their advice.
But it is in the second half of the Auction Revolution that Terry lets loose.
I started reading and got so engrossed; I forgot to make dinner for the kids. (They didn’t mind–I ordered pizza for them and kept reading.) I was fascinated by the advanced techniques explained in the manual, and made a big list of things to start teaching.
I was so amazed by the Auction Revolution, I asked Terry to write a guest article I could send you. Here’s what he sent.
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Profiting From Other’s Mistakes or Are You a Victim of eBay Arbitrage? By Terry Gibbs.
If you spend anytime on eBay, you have certainly seen poorly done eBay listings. In some of these auctions the sellers are wasting money on listing upgrades that do not increase the final bid amount.
In other auctions, the sellers are making errors within the descriptions to cause bidders to flee without bidding. In some auctions, the sellers list items in the wrong category and fail to get exposure to potential bidders.
Here are some of the more common mistakes:

Poor pictures - or worse no pictures.

Inadequate descriptions.

Failure to use important keywords.

Vague title.

Wrong category.

There are other mistakes, but those five are the most common. Some auctions even have two or more of these mistakes.
You see, 95 percent of eBay sellers don’t really know what they are doing. They never spent the time to learn the right way to sell, and they don’t spend the time increasing their skills.
Everyday thousands of sellers make these mistakes and realize lower profits in their auctions. These mistakes are made because the sellers are stuck in a rut and do not know it. In many of these cases, the sellers are giving their profits to other more knowledgeable eBay sellers.
This is called eBay Arbitrage. Let me define arbitrage before I go on.
Arbitrage (n.) the purchase of items for immediate resale to profit from a price discrepancy.
The price discrepancy here results because the buyer’s knowledge and selling skills are higher than the seller’s. eBay is a 24 hour feeding ground for people who know what they are doing.
Want proof?
Here’s an example - just last month, I bought a box of old toys on eBay for $9.99. I was the only bidder. The seller charged me another $10.00 for shipping and handling. This means it cost me $19.99 to get the box of toys.
I then listed the toys on eBay in a few auctions and sold them for $754.00. A pr0fit of $734.01 before eBay fees.
This is 734 dollars the eBay seller handed me. She shared her profits with me, and never even knew it!
Let me tell you one more little tidbit of information to hammer home this point. The seller I bought the toys from is an eBay PowerSeller with over 4200 feedbacks.
Even more startling, I have made over $5500 just by buying and reselling items from this one seller in the past three years. (Please don’t tell her because she thinks I am a great customer.)
Remember, I was the only bidder on the auction above.
The problem is she is so busy selling items on eBay, she doesn’t have time to learn how to do it better. She is blindly committing the same expensive errors over and over again, and thinking she is making good m0ney. She is like 95 percent of eBay sellers.
In the eBay Arbitrage section of The Auction Revolution you will learn:

Seven different ways to practice eBay Arbitrage. (There are actually eight ways, but only seven are acceptable under eBay’s rules.)

How to find and identify profitable items.

How to keep other bidders from finding the items you want.

The one secret ingredient you must- no ifs, ands, or buts here - you must use this to profit from eBay Arbitrage.
Of course, because you will become one of the top 5% of eBay sellers after reading the first 116 pages of the manual, you will be able to sleep at night knowing you are not the victim of eBay Arbitrage.
Here’s a comment from an Auction Revolution reader:
** After reading the Auction Revolution, I can sleep knowing that I am levering every last penny out of my auctions and they are as effective as they can be. - Stuart Morrison
Every day you delay moving into the top five percent of eBay sellers is another day of wasted opportunity. Lost profits you cannot recover. You are doing the work anyway, you should make sure you get all the rewards for your efforts.
You’ll also learn other important techniques for maximizing your eBay inc0me. You can find out more with the link.
http://www.livingfreeonline.com/alks/auctionrev.html
Terry Gibbs
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I was amazed by the possibilities of eBay arbitrage. Terry makes some strong claims in his article, but he backs them up on his website.
He actually has links on his website that bring up current eBay auctions where sellers are wasting thousands of dollars in listing fees. I knew a lot of sellers had no idea of how to sell on eBay, but when I saw the proof I was dumbfounded!
You won’t need to imagine the waste, you will see it!
Terry has also put together an eBay seller’s quiz. With the quiz, you can find out how well you are doing in your auctions.
Find out if you are losing m0ney in your auctions by taking the Free eBay sellers quiz at:
http://www.livingfreeonline.com/alks/auctionrev.html