
So after signing up with AuctionAds (which was thankfully easier than the eBay process), I can add some keywords to create an eBay auctions product box for my website – this looks like AdSense (including the code snippet):
For the box below, I played around with kewords like “google” or “google books” (this is a screenshot of the ad, not an ad itself):

There’s a live preview, so you’ll know what kind of ad you get. I was disappointed though with some of the selections which had very poor targeting – there were actually Playstation 3 ads for some of the time using the keyword “google.” And other ads had no product image showing (there was a replacement image instead), and I didn’t immediately see a way to configure this to be restricted to eBay auctions with images only. This may work better when you want to target a product, not a company, but what the online world doesn’t need at this point are more irrelevant eBay affiliate ads.
I don’t know how much you can make from these ads and if they’re a good alternative to, say, AdSense (which is also often poorly targeted!), but Patrick told me that AuctionAds will pass on 100% of the eBay commission until they find a way to get better commission rates from eBay (because they’ll be a larger group).
Something else for which I found the site useful already though was to create eBay affiliate links. This was why I originally tried to sign up with eBay/ CommissionJunction, because I wanted to add affiliate links to my CoverBrowser.com “buy” links below the comic book covers (at one point with the eBay/ CommissionJunction process, I just gave up and/ or finally wasn’t approved – I also gave up on using the eBay API for Cover Browser, by the way, and resorted to screenscraping, which was much simpler to program). AuctionAds provides you with a box where you can paste in your eBay search, and they’ll output a changed link, and this way I was able to quickly transfer the link format into my site’s global template. (I hope it actually works, I’ll know in some weeks I guess!)
[Thanks Patrick!]
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