5 eBay Selling Tips
It’s not a surprise to many when they hear that eBay is the most important online marketplace. Worldwide access provides markets that seem unlimited to the local the vendor. But it can be difficult to sell products on eBay for a number of reasons. These five tips will help you to be as profitable on eBay as possible.
Ebay Singapore HQ (Photo credit: Wikipedia)
Everyone is jumping onto to eBay to see if they can make some extra income. Big profits often come with big ticket items like real estate and automobiles. And people are selling everything except for the kitchen sink. How does anyone make a living on eBay and how do you get started?
Research a market.
People have tried to sell everything on eBay but not everything makes money. Following auction results will help you determine if a niche is profitable. The goal is to find the most current niches that are profitable and build from there.
To get the attention of buyers you will need to be priced competitively with other sellers of the same goods. Try to offer something of value in addition to the product that makes your auction less of a commodity item. Charging more for shipping can also offset a price discount but still secure the sale.
Make your descriptions as helpful and complete as possible as some buyers may be afraid that sellers, especially new sellers, might not be providing quality items. If you leave out important information bidders will move on to the next auction. Don’t hide anything including the details of a minor flaw that will be discovered when the purchased item is received.
Understand Appropriate Policies.
eBay has a number of policies that you must follow and violating anyone of them can cause difficulty for your new business. The policies are set to protect you and to protect the buyer. You could be banned from the site if you violate the wrong policy or you violate a number of policies during the same period.
Consider Selling Options.
Make sure to understand all the options available when creating an auction on eBay. If you forget specifics about shipping and payment, the bidders are likely to pass or there will be confusion after the auction has closed. Don’t accept checks if at all possible because they might bounce long after you have shipped a product. Know what to do when a successful bidder doesn’t complete the transaction. And investigate the costs of shipping before you list an item. A surprise at the end can take away all profit that you built into the sale.
If you are considering an eBay business, make sure to follow these 5 tips for preparing and running your online auctions. There are many more things to know so continue to research and take a look at some of the programs available here.