Ever since eBay started, people have been making money online. Don’t you want to be one of those people? It’s possible. You just need to know some rules in building your own eBay empire. I did not come up with these rules but were given to me by a successful entrepreneur. Let’s review them.
Low feedback? Lower Price
An eBay seller starting out cannot set the same prices as the competition. The amount of feedback you have (none) will steer potential customers away. Why? The seller has not proven themselves yet. How does the customer know they are reliable, that it’s not a scam, or that the seller is not offering a used product when they are advertising it as new? Yes, there is arbitration on eBay but no customer wants to go through the hassle. So instead, they just ignore your offer and move on to your competition. The best thing to do is to lower your price to balance out your low feedback. Aisde from feedback, the next thing customer looks at is the price. With a lower price, a new seller will be able to attract more eyeballs.
Where To Find Suppliers
If you are not just selling stuff in your attic, chances are there are suppliers for the products you want to offer. A great way to find suppliers is through Alibaba.com. Be careful though. Some are scammers. Luckily, there is a forum where suppliers are reviewed. That forum is called “The Wholesale Forums”. Look for suppliers with decent reviews.
Calculate Sales Price
You have the product. You found the supplier. Now it’s time to calculate how much to price your product. First, research how much the product is selling for on eBay. This is of course your competitive research. Next, factor in the seller fees, Paypal fees, and cost of buying each item. Will you still make a profit after adding those fees into the price of each item? If so, is it more, less or about the same as your competitors’ prices? If it’s higher, you better find an another product or a different supplier. If it’s the same, you will need to lower your price by 10-20% because of your little to no feedback. If it’s lower, then put the product on the market and let the money come rolling in.
These are just some rules on creating an eBay empire. All this however is just theory until you put it into practice. The person who puts things into action will always succeed.
To be a successful eBay seller, make sure that you create a checklist and follow it, as selling is a responsibility and you will have to make everything possible to leave your customers satisfied.
Have you found all the information that is available about the items that you are selling? The best thing that you will be able to do in that case is to search internet, by typing the name of the item you will be selling in some of the major search engines.
Are you keeping an eye on the competition? Remember that you must know what all the other sellers are doing and make sure that you will offer a lot better services and prices. That way you will have more customers for sure.
Do you have pictures of all the items that you are selling? Make sure that you will take pictures of all the items that you will be selling. Furthermore, make sure that the pictures will show all the details of the items that you are selling.
Are you sending e-mails to all your buyers? Make sure that you will keep proper communication between you and all your customers. The content of the e-mail must show that you are appreciating the fact that the particular customer is working with you.
Are you checking your mail box? All the potential buyers will contact you seeking information about the products that you are offering, so make sure that you will regularly check the content of your mailbox.
Do you have proper descriptions of all the items that you are selling? Each one of the buyers will want to see some information about all the items that you are selling, so make sure that you will include a detailed description of the items available to you.
Are you wrapping the items properly? Make sure that you will do everything possible to wrap the items that you are selling properly, because that way you will leave good impression to all your customers. Furthermore, you will reduce the chances of any damage to occur to the item during the shipping.
Are you following up? After you had sent the item, make sure that you will spend some time contacting the customer, because that way you will see if everything is fine with the shipment and also if the customer have any complaints about the item that you had sold.
The main thing that you need to learn if you are willing to become a very good eBay seller is to make sure that you spend as much time possible providing good customer service. If you make that happen you will see that almost all your customers will be returning to you and you will be able to make a lot of income. Remember that you must be honest and polite to all your customers, because you want to show them that you are a reliable, which will improve your reputation dramatically.
Selling vintage clothes on eBay that you have found at a yard-sale or your grandparents’ attic seems like a great way to make some extra money without a great deal of effort. eBay makes selling anything online even easier. But there are some things that you need to keep in mind specific to vintage clothing to get the best results from eBay. If you have a knack for finding specialty items like petite dresses, those could be a real winner.
First, understand what you are selling. Many people will search eBay for specific types or brands of clothing. If you don’t know what a particular piece of clothing is called, do some research in order to give the best description in the auction. Also, if you sell something with an inaccurate description, this will lead to a poor rating for your eBay seller’s account, which will make selling more items in the future more difficult.
Second, all clothing should be clean and in good condition. For delicate fabrics, take the item to a reputable dry-cleaner and don’t try to machine wash the item at home. Replace any missing buttons if possible and repair any small rips or tears. If there are any stains or damages that cannot be repaired, be sure to clearly disclose this to the buyer.
Finally, give the clothing a good presentation in the auction listing. This includes taking a quality picture either on a person or dress form. If that is not possible, lay the clothing out to display it as well as possible. Be sure that the pictures are taken in good lighting. Also, buyers will want to see the article from different angles, so include additional pictures of the back and sides. If the clothing has any particularly interesting detailing, include close up picture of this.
Once you have an array of popular items in your inventory, you can begin expanding into more rare outfits like tall maternity wear.
By following these simple steps, you will be able to successfully sell vintage clothes on eBay in no time. Remember to clearly and accurately present the item for sale in order to maintain a positive seller rating.
EBay is one of the best places on the Internet, where you will be able to make a good income and be your own boss. However have in mind that to make it successful will require you to spend a lot of time and have patience building your seller profile properly. There are a lot of people, who are sharing their success stories and showing you how to achieve similar results. Remember before considering eBay selling as a full time job, you will have to first try it as a part time occupation. There are questions you need to answer also and some of the most common among them are:
First of all think about how much money you are earning from eBay now, because that is really important for your decision. Make sure that you will spend some time and make a calculation of the amount of time that you are spending there and also what is your income generated for that period of time. If you are making a lot of money for a shorter period of time, then start thinking about becoming an eBay seller full time.
After that think about your current job, because when you focus on eBay, you will have to give it up. Consider the fact that after a couple of years you may become the CEO of your company and other important benefits. Furthermore, consider ‘Do you really like your job?”
Very important is to determine will you be able to make more money on eBay than working on your current job. In eBay everything depends on the type of items you are selling. If you are really looking to make a good income from that website, make sure you try to sell more expensive goods, because that way you will be to make a lot better income.
Many people dream about working in their homes, but in most of the cases that becomes a nightmare. The main reason for that is the fact that you will have to do all the everyday chores in your house and in the meantime run your business. However, you can always hire a maid, who will be doing those things instead of you.
Last, but not least think about the fact that you will have to survive for a couple of months, because sometimes you may not be able to sell anything. Make sure that you have some savings that will be prepared for such an occasion and think about is it really worth taking eBay selling as a full time job.
If you are able to answer all those questions in a positive way, you are ready to start working as an eBay seller. However, if you have any doubts about it, make sure that you will spend some time and try it as a part time job first.
Once you get all the basics of the eBay selling, you will have to make sure that you find all the available information about how to become a lot better eBay seller. In this article I would like to point to 10 main things that will allow you to do that:
Make sure that you keep records about all the items that you are selling and receiving, because, in this way, you will not spend a lot of time determining what item is for what buyer and other similar issues.
Make sure that you deliver immediately after payment, because you want to show all the buyers on eBay that you are reliable and that they will be able to get their items to them quickly.
List items for auction every day, that way you will keep the attention of all your customers and you will be able to make a better income.
Make sure that you list all your items for auction, show your customers that you are selling quality items.
When some of your items happen to have defects make sure that you will tell your customers about the condition accurately. This way you will show them that you’re honest and reliable.
Mention how you obtained the item, this is the best possible way to build extra trust between you and your customers.
Accept all kinds of unusual payment methods, that way you will demonstrate that you are flexible.
List some items for a low price, you will make the person who bought from you return again and again for other bargains.
Give free shipping for a certain amount of numbers purchased.
Be nice to international customers by providing international shipping services. There are a lot of websites that are offering information about the shipping rates and there you can choose the one that you like most.
Bonus: There are a lot of eBay third party selling tools available, make sure that you find and read some information about them.
These 10 steps are the essentials of winning a good customer for all the eBay sellers, so follow them closely.
Gaining Knowledge & Experience through EBay Selling
Successful business doesn’t just happen. According to an article in CNN’s Money magazine, small business fail five times more often than they succeed. Why? Most small business owners, despite potential, have no idea how to run a business, become wrapped up in excessive labor costs and have not put forth enough funding or efforts into marketing. When push comes to shove, business experience and professional knowledge surpass quality and talent by every stretch of the word. EBay can help. Becoming an EBay seller first can help avoid the first mistakes most small business owners make that cause them to lose their vision in a sea of debt.
EBay offers business owners a wide avenue of marketing and advertising potential, minimal to no start up costs, and detailed sales reports, inventory trackers and massive competitor costs and comparisons. Additionally, EBay makes it unnecessary to stock up on employee inventory so you can concentrate on getting your entrepreneurial start rather than pretend to be an HR professional. With high visibility, becoming part of the world wide EBay auction venue can make your success easier and help you learn a thing or two about business along the way.