How to Sell on eBayPosted by monsterguide
How to Sell on eBay
For those looking to make some extra money each month or create a full time income, one of the best ways to accomplish this goal is to sell on eBay. eBay has given millions of people a new way to sell their items online. Whether you live in a big city or in a rural area, selling on eBay is extremely easy.
Why Sell on eBay
eBay, a leader in online auctions, is one of the best places to sell your products. Three reasons are that it is extremely affordable to sell your items, it is very easy to post your item for sale and there are plenty of buyers who may be interested.
Sell Your Items Affordably
For those looking to sell a product online, eBay is very affordable. You don’t need to build a website, open a storefront or invest heavily in any type of e-commerce tools. Opening an account on eBay is free and you can run your entire eBay business with free merchant tools such as eBay Turbo Lister. eBay generally charges different fees; however, for small businesses the cost of selling on eBay is very reasonable. For instance, eBay charges a listing fee and if the item sells, it takes a very small percentage of the sale. For more information on fees, visit www.ebay.com.
Posting Your Items on eBay
For those who sell on eBay, it is easy to post an item or even hundreds of items for sale each day. eBay offers a free software tool called eBay Turbo Lister to automate listing of several items on eBay. The interface is extremely easy to use and features include the ability to start an auction at almost any time of the day and to include several images of each along with a description of the item. If you are selling only one item, you can post your item directly onto their website without having to use any special software or tools. Usually to list an item on eBay, it can take about 5 to 10 minutes – including the time it takes to write the description.
eBay Delivers Lots of Traffic
eBay is successful because it attracts millions of visitors each day. With so many people searching eBay for items, it can be very easy to sell your specific item in as little as a few hours’ time. The fact that eBay delivers traffic means that your product will be seen by many people interested in buying what you have for sale.
How to Sell an Item on eBay
Selling an item on eBay is extremely easy. You can go through the following steps:
Choose an Item to Sell – If you are looking to make money by selling products on eBay, then you should know that almost any product on eBay has potential. For instance, if you have never sold an item on eBay, you might want to start out by selling something around the house. If you want to sell an antique in the attic or some memorabilia, it is easy to do so via eBay. Many people start out selling stuff found in their garage and attics and then move on to other items that they think may have potential.
If you already have a great idea for a product to sell on eBay, you might first want to check if someone is selling it on eBay already. Many times a merchant will be selling an item for an extremely low price – too low for you to buy it yourself and make a decent profit by re-selling it. Before you go out and buy merchandise, check out the market conditions on eBay first.
Research – If you are interested in selling a product and don’t know yet what to sell, one of the strategies that works well is to do research on eBay in order to find a good product. The beauty of eBay is that all the information is available to eBay users. That means no matter what products you want to sell, you can see who is selling it, what price they are selling it for, you can look and see how the item has sold in the past and how many items sell each day. All the information is right on eBay for all to see. eBay.com is an excellent resource for smart merchants.
Find a Supplier – Once you know what to sell, you may want to find an inexpensive place that sells the product. Many merchants buy items in bulk for very low prices and resell these items for a good profit on eBay. While you might have to import items from overseas, there are plenty of distributors located in the states that make it easy to purchase and ship products to your doorstep.
Figure out Your Costs – Remember you are starting a business, so figure out all your costs. Costs can include the price of the products shipped, shipping supplies, your shipping costs to customers, your eBay costs, your costs for accepting online payment such as credit cards or Paypal, etc.
Backend Tools – If you are selling several products per day, you may want to automate your online eBay business so that it takes less time to process orders. Many power sellers use special shipping software, inventory tools and payment tools to help them streamline their eBay business. While these tools do cost money, they are very good at giving you a good return on your investment.
Payment Services – There are two main payment choices for those who sell on eBay: A merchant account for credit card payments, and Paypal, which accepts both credit card and Paypal payments. Both services cost a per transaction fee of about $0.30 and a percentage of the transaction – usually about 3%. However, a merchant account usually includes a monthly fee though Paypal doesn’t. You can find out more information by visiting merchant account providers and www.paypal.com.
Shipping Services – The items that you sell usually determine your shipping methods. Most merchants do well using USPS, others rely on UPS or Fed Ex, and others have their own favorite shipping service. If you are shipping out large amounts of items each day, you will have to work closely with your shipping partner to ensure orderly and on- time shipments each day.
Streamlining Your eBay Business
Once you have established your eBay business, the work doesn’t end. You will need to constantly work on your business in order to streamline it and organize it to work better. You will also have to constantly update product details and cut products that are no longer strong sellers.
eBay is a great way to sell products from the comfort of your own home; however, some categories of products can be very competitive. It is important to make sure you are able to buy your product at extremely low prices and offer it to the masses at a good price. While low prices can help sell products, another way to ensure that customers are attracted to your item posts is to have a good feedback rating. Feedback is crucial for those who sell on eBay. Each item that you sell to a unique buyer offers both you and the buyer to post feedback on each other. If the buyer purchases a product from you and is satisfied with the purchase, he will usually post positive feedback. If a buyer purchased an item from you and the purchase didn’t go smoothly (for example, if the product was different than advertised) then the buyer may post a negative review. He may advise others not to do business with you. For most large sellers who sell to hundreds or thousands of people, it is possible to get one or two percent negative feedback. However, if you have an extremely large amount of negative feedback, you may turn away buyers.
For those who are interested in selling on eBay, there are plenty of resources available. Whether you are looking for forums to discuss the intricacies of selling, looking for tools to help selling on eBay or searching for ideas on what to sell, you can find many resources both online and in your local bookstore.
One useful resource is Buying and Selling on eBay, an entire website devoted to helping visitors make the most out of eBay services.