When people hear the word eBay, the words that would usually come to their minds are auctions and shopping on variety of items. It is one of the most popular online selling sites on the Internet. Effectively making money on eBay requires hard work. You do not just post what you need to sell and wait for a buyer to purchase it, though you can still be lucky at times. However, if you would like to earn more or you would like to keep on earning for the years to come, here are some factors to consider to make this possible. There is no such thing as easy money, unless you win the lottery. But in order to earn successfully, you need to act to make it happen.
10. Promote on Other Sites
Promoting your eBay page on other sites will increase your chance of selling your products. This is because more people will learn about your items, instead of just being limited to eBay users only. Though the site has a large number of users, why not maximize your exposure on the online world? After all, it will not cost you anything to advertise about your page as there are several free ad sites, as well as social networking sites that will let you do this for free. Post on chat rooms and forums that have topics related to the things that you are selling. By doing so, you are reaching out to your prospective clients.
9. Be Honest
Items being sold on eBay are not always brand new. In fact, there are a lot of used items being offered at a cheaper price. Let the users know about the real condition of the products. If they are slightly scratched, damaged or broken, it is best to be honest about it. This is to set proper expectations to buyers. If they buy something because of false information, it will eventually fire back on you. They may file a complaint against you or they could leave a bad feedback, which would hurt your business in the long run. Even if an item is damaged, there may still be people out there who would be willing to purchase it for a reasonable price. The most important thing is that they are completely aware of its existing condition.
8. Learn About Selling Fees on eBay
Signing up for an eBay account is free. However, posting on the site is not. There are several fees you need to consider on your account. You need to take this into consideration as this will also be part of your expenses. After all, you do not want to spend more than you earn or you will not be making any money. The three basic fees on the site are insertion, final value and feature fees. Insertion fee is paid each time you list an item. The amount depends on the format of the listing, as well as the category of the product. Final value is the amount deducted by eBay when you successfully sell an item. You will pay feature fees only if you use any of the additional features that will help in marketing your products. Some of them are picture pack and visibility on international site.
7. Answer Inquiries
Interested individuals may ask more information regarding the items you are selling. Some questions may sound unintelligent, but make sure to answer them nicely. This is a way of building a relationship with your would be buyers. Be nice to them and they are more likely to consider buying from you if they need the items you sell. Furthermore, they may even recommend you to other people they know who might be interested with your products.
6. Consider Shipping Price
If you are selling on eBay, the shipping cost is something that you need to take into consideration. After all, buyers would be coming from different places and it may not be possible to always do a meet up or personal delivery. Go to your post office or delivery companies and determine the price of their service. You do not want to shoulder all these expenses or the money you earn might just go to the delivery.
5. Choose What to Sell
Determine what’s hot in the market. See what users want to buy, especially on eBay. With this, you would know what products to include on your listing. You do not have to specialize on a single item. Add more products to increase your client base. Those that are in demand are more likely to sell, therefore earning you profits.
4. Post on the Right Time
The best time to post for a 10 day listing is on Thursday evening. EBay receives more traffic during weekends. By posting on Thursday, you can take advantage of the weekends for two weeks. This will increase your chance of having your items seen by likely buyers.
3. Add Detailed Description
A detailed description plays a vital role in selling your item. This is also the most common mistake that a lot of sellers make. They do not take time to write comprehensive information about the product they are selling. This is your chance to let the buyers know the benefits that they can get for buying your item instead of getting from another seller. Furthermore, you may highlight the features of the product you are selling. For instance, the same item with the description “authentic and affordable black Versace jacket” would sell more than the one with the description “Versace jacket”.
2. Post Quality Photos
Since buyers cannot see the items in person, you need to use quality photos to show them what the products look like. Take various shots to show specially the best features of the items you are selling. Furthermore, make sure that the background of the picture is not cluttered. This may affect your chance of selling the product as buyers may think that the items are not stored or taken care of properly.
1. Do Your Research
It is important to do your research before starting a business. Determine what items you can sell and where to get them. Furthermore, you may search for great descriptions and information that you can incorporate on your listings. You can also learn about the average cost of the items so yours can be more competitive.
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