eBay provides their sellers with an abundance of tools and features to help them increase their sales. One of these helpful options is the Second Chance Offer. Learning how to properly use this function can help to boost your sales on eBay.
When an auction ends with a winning bidder, the seller is given the option to sell the exact product to other bidders of the auction. This will only work if you have multiple copies of the same product that was won in the auction. This is known as the second chance offer, as others may still be interested in the product even though they were outbid.
To offer this second chance to other bidders, review the auction listing in the selling manager within your account on eBay. You will be given the second chance offer option here. You can click this link to see other bids that were placed on the item in question. Look over the bids to determine which bidders to offer a second chance item to.
You will want to make sure that you are still earning a profit when selling items through the second chance offer. For example, you purchased a lot of 10 items for $2 each. The winning bid was $10. You may also choose bids that were for $9 and $9.50. Select only the bids that will still allow you to make a nice profit from the items you are selling.
Second chance offers help you to reduce your stock and earn money without having to relist the same auction multiple times. This will also save you money on listing fees, and there is no charge to use this option. It can simply help you reduce your inventory in a shorter amount of time. For more advice on eBay selling, visit eBay Selling Coach.
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