Successful eBay-Selling in a Nutshell!

selling on ebay tipseBay, the largest auction site online, generated consolidated net revenues of $6.0 billion for the year of 2006, a 31% increase over the $4.6 billion generated in 2005. People spend more time on eBay than any other site! It just goes to show how much the average seller can make if they really put their minds to it. If you are really interested in starting a business:

1. PRE-STORE LAUNCH: You obviously have to practise selling items several times under your own personal eBay username, find out the pros and cons, before even setting up a business name for your own store. Sell what interests you ~ what are you hobbies? What fields do you have expertise (eg computers, cooking, books, antiques, collector cars, medical equipment, clothes, scrapbooking). Do you or your relatives have a lot of things at home to sell.

2.RESEARCH: Keep an eye on retail and eBay prices of things you want to sell.....writing the original price in your listing compared to your discounted price really appeals to buyers. -Check out eBay Marketplace Research , which gives subscribers access to data, charts and graphs to help them understand the demand for items they're planning to sell. -Hammertap is a terrific site covering eBay categories and helps sellers discover specific ways to increase profits on every listing. -Powersellers often also spot gaps in the market or new products and move quickly to make a profit. -Research how well certain products sell and items coming down fast in price, to avoid buying them for auctions.

3. WHOLESALERS: Top ones include: Salehoo, which gives you access to the most legitimate, reliable product wholesalers, manufacturers, liquidators and drop-shippers, and every supplier is thoroughly reviewed, so there are no bad surprises. Another worth joining up is Wholesale Network for Online Business which provides one of the best services with the best selling products at the lowest wholesale & drop ship prices. They also provide the Insider's Secrets white paper to learn how to become an advanced seller in a fraction of the usual time and give you free access to hundreds of e-books in their Millionaire's Marketing Library.

4. LIQUIDATION SALES: Clothing, accessories, electronics, household goods, toys and sporting goods are some of the top sellers on eBay. Many eBay sellers make excellent profits buying these products from Liquidation and Surplus Dealers. You can find great deals on surplus goods at Liquidation.com.

5.POSITIVE FEEDBACK: Build up the customers satisfaction and trust before you think of profits: =>via honest listings, sending items within 24 hours of payment, packaging every item well, encourage questions about items, giving adequate time for payment whilst stating exact terms in your listing like returns policy is essential. Leave a little thank you slip in the packages and perhaps a smaller reminder about leaving positive feedback, and an email address to contact you if there is something wrong with the purchase.

6.BEWARE: of bidders who have low negative scores, and selling expensive items as fraudsters like to obtain emails and your address to hack into your accounts. So check your accounts regularly and keep the ebay/ paypal support emails handy. Check payments need to be given 5 days to clear, and money orders can also sometimes be forged. -Also, if you sell kids/teens clothing using children as models, never display their heads ...pedophiles have been known to attempt kidnapping children, after sellers have provided their mailing address for payment.

7.AUCTION LISTING: =>Best days to auction seem to be Tues, Wed, Thurs early mornings, afternoons, evenings in the US. Other countries vary. Australia seems to lean towards most evenings and weekends. However, if you have a in-demand item the day probably doesn't matter so much.

=> Choosing the Number of days for listing is important: Choose 1-day for really high-demand items that have just come onto the market. Eg certain new games, WII consoles, new phone releases etc. 3-day sales are also good for in-demand items if you want to see buyers bid higher. 5- and 7-day auctions are standard for normal sales since you want more buyers to see your auctions. 10-day auctions are for unique and expensive goods like collectors items or for dutch (multiple item auctions).

=> Title: make sure it is keyword-rich: the more descriptive, the easier search engines pick it up and buyers tend to be very specific in their keyword searches. Capital letters, adjectives like New, Fantastic, Stunning entices buyers to click on your auction.

=>Presentation: Images are worth everything, but only if they are well presented. You need to catch the buyers attention, so first consider putting a picture in the eBay gallery for 35c, and extra images using Photobucket or any other free image-upload site (you don't have to use extra money for eBay's extra picture options. NB The first pic is free). -Just cut-and-paste the image (.....) from the other image-upload site into eBay's html source page. -A photo-editor is really useful for fixing brightness, contrast, adding frames and cropping photos. Eg Adobe Photoshop Elements 6 is a pro one to use (for eBay or anything else).

=> Content: Besides the catchy image, don't skimp on the description and it needs to be accurate. If you are unsure about technical details, look up a similar listing or use a search engine. -Keep any terms and conditions of purchase brief and pleasant, so the buyer won't get turned off bidding. Combined shipping is a great way to get ebayers to buy more, just because there is a discount involved. -A refund / satisfaction guaranteed statement will also instill confidence in the buyer. Don't forget to mention if you accept international bidders.

=>Links: It is helpful to tell the buyer you have other auctions and you can use a link to make it easier for people to visit them. For html source you can use: <a href="http://_ _ _">See my other auctions!</a> where _ _ _ is the domain name / url. -If you are serious about being more independent when it comes to webdesign for your sales then check out HTML simplified for Beginners. It's a lot easier then you think.

=> Starting Price: Check the ebay fees first in the help section. If you know your item is in mod-high start off low for a 5-7-day auction. If it is in average demand sell it for it is worth, but cheaper than retail, and research/google online prices first. Buy it now options are great for high-demand items. Set a reserve price if you are starting low for an expensive item but don't make it too high. People often get turned off by reserve prices!

8.BULK LISTING: Turbolister is provided by ebay to enable you to write your auctions at your own convenience and list them together. Listing items close together often can raise the final price because it often forces bidders to put a higher bid for the auction they can't watch till the end.

=>Dutch Auctions: if you have lots of the same product and they sell well, consider listing several of them together in a dutch auction over 7- 10 days to minimise listing costs (of auctioning them separately). "Buy it now" is also a great idea for those buyers who don't want to wait.

9.FEE MANAGEMENT: Subscribe to an auction management service like AuctionHelper. Integrate your account with auction management. You will also need to consider getting a sales tax licence after you start a big store. But for now just start think about selling a few items to get warmed up, and be prompt when sending an invoice. There is a sales tax option in the eBay forms for in-state sales, but a lot of small sellers do not use it. -If you don't want buyers to use eBay's checkout, you can turn it off under "Preferences" in My eBay, or under "Options" in the top-right hand corner of your "Sell" set-up pages. -If you haven't already signed up with Paypal , you might like to register. When you signup free for PayPal, you can start accepting credit card payments instantly. It is the fastest way to open your doors to over 150 million member accounts worldwide.

10.SENDING: Make sure you use Delivery Confirmation. Insurance is optional. Paypal insists on seeing PO receipts or electronic tracking if there is a dispute about not receiving an item! Overall Paypal's shipping service is great since you can print your own postage and you get delivery confirmation at about 1/3 the cost of PO prices. -UPS and FEDEX are good options for heavier parcels > 4 - 5 pounds. -If you want to use an independent service try Stamps.com where you can print postage 24 hours a day for any mail, without being attached to paypal. . They have a $5 free credit for just trying it out. Just remember you can cancel anytime. -When sending item, it is courteous (and appreciated) if you email the person when the package is sent out.

11.PACKAGING: Your feedback is guaranteed to be better if you use protective packaging: bubble wrap, tissue paper, boxes, bags etc. especially if it is done well and there is a thank you note.

12.EMAIL LISTS: Remember that eBay also gives the option of opt-in lists for buyers who are interested in your newsletters and are likely to buy more from you later. Some sellers also provide links in their newsletters to stores set up outside of eBay (including MySpace).

13.STORE LAUNCH: If you have had some practice with selling, then you might like to eBay Store! They provides powerful tools to build your own store with 300 customizable categories and templates, boost your own brand, manage your sales, promote using great marketing tools, and track your business. -On the other hand, if you are confident enough to set up a store outside of eBay, then check out eBay's ProStores . It's an all-ecompassing ecommerce solution that enables small and medium sized businesses to sell products and services online through a fully customized Web store. There are step-by-step wizards that help design the look of your store, upload products, and set up shipping and sales tax information. ProStores has everything you need to start selling online- shopping cart, domain hosting, credit card processing, merchandising, reporting, and more! -Don't forget Half.com , eBay's sister site.You can buy and sell computer equipment, books, videos, games, music and movies here to millions of customers at Half.com. It's worth joining up even just to grab a few bargains yourself.

=>If you want more details from some very successful powersellers (ie the same system these experts use to teach their students how to build their own eBay businesses, with many making $1,000 to $10,000 a month on eBay) then test-drive The eBay Millionaire maker. For 99c it's worth it.

=>Just remember, the most important part of eBay selling is persistence, some patience and enthusiasm and you will see how rewarding it can be.

Comments

angieplk ( 483 [Feedback score is 100 to 499] ) [About angieplk]

EXCELENT INFORMATION, THANK YOU!! AAA+++ FOR YOU!

Oct-11-07 06:37:56 PDT

meema721 ( 293 [Feedback score is 100 to 499] )

Thanks for all the information!

Oct-18-07 04:08:40 PDT

ryancey ( 125 [Feedback score is 100 to 499] )

Nice information.Thanks.

Oct-22-07 13:28:54 PDT

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