How Can Vendio Help?
FREE Buyer Appreciation helps you reach more customers by sending an automated thank you email to your under-bidders, a large untapped market.
Sales Manager includes attractive templates to keep your buyer engaged, but also an easy, automated coupon program to keep them coming back!
Be an Expert
A sure-fire way to attract longtime customers is to let
them know that you have an expertise in a specific category. This starts with
writing informative and professional auction descriptions, which have the right
details and grading terminology appropriate to that collectible. Also, read
trade magazines to keep up to date on your collectible. Drop little interesting
nuggets and bits of information into your descriptions. Give them some drama
so people are aware that they are working with a pro who truly has a passion
for the category. People want to buy from sellers who are knowledgeable but
also have a love and appreciation for their category.
Go the Extra Mile
Sure, it's a cliché, but it works. If buyers
email you questions about a collectible, email them back on the double. Also
consider including some information or history about that collectible category
you are selling in, something that buyers might not know about and that would
pique their interest. If someone gives you some information that helps clarify
your description, then add it and let them know. They'll be impressed and look
for your auctions again. You might even want to include a little thank-you gift
or trinket with your item. You'll be amazed at the response your little gesture
will make.
Sane Sales Policy
Have a sales policy that is appropriate to that
collectible. For instance, if you are a music CD dealer, ship at the standard
rate, not at $4 Priority Mail. If you are shipping inexpensive baseball cards,
don't ask for handling and insurance. On the other hand, if you're selling valuable
pottery, make your shipping charges and requirements explicit so people know
what they are paying for; leave no room for confusion. Buyers will respect you
for it and will be repeat bidders. You also might think about offering refunds
and guarantees. Although this can complicate your transactions, it definitely
endears you to honest bidders.
Keep an Eye Out
Don't be a stalker, but look for and note bidders who have an appreciation for the categories you specialize in. Keep names and emails from transactions on file, and email potential bidders when you think they'd be interested in an auction you are about to list. Use discretion and do not send out form emails announcing your auctions en masse. Only send an email when you know that a person has a special interest in the item you are preparing to list. Buyers will appreciate the fact that you singled them out. Spam them, and they'll never visit your auctions again.
Know Your Audience
Continue correspondence with people who you have
had successful, rewarding transactions with, and try to learn their specific
interests within a given category. Make note of this information, and keep it
on file so that you can have it at your fingertips when you are shopping online
or at physical auctions. If you know what your customers like, then you can
use this information when making your purchases. Buyers will not only be glad
you are selling items tailored to their interests, but they also just might
recognize that you are going that extra mile to find items they want.
Timing
Be smart and sell rare items when they are hot. If other sellers
are clogging the market, sit back and pick your spots. (Of course, you'll need
other inventory to do this. Learn how to build
an inventory.) Also, whenever possible, don't put a reserve price on your
items. If an item is special, it will sell above market value. Don't dissuade
bidders with a reserve. Both techniques will give you a positive reputation
as a seller who respects the auction process and enjoys the thrill of competitive
bidding. Furthermore, you'll gain a following from true collectors looking for
rarities.
Feedback Maniac
Continually reward your new and longtime customers with positive feedback if a sale is completed successfully. You'd be surprised how often people neglect patting each other on the back. Gain a reputation for doing this, and you'll build a loyal customer base. Remember, positive feedback is gold!


