Are you somewhat new to the world of eBay? Or are you simply planning to enter the world of eBay business and test its waters? You have nothing to be afraid of. Here are some basic start up pointers for you.
Entering the eBay business simply means that you are setting up a store on eBay and becoming a seller. It is very simple and risk-free. All you need to begin is a computer, an Internet connection and an inventory of items to sell. In fact, no start up costs are required. Even if you’re staying at home, you can monitor your eBay business with ease. You can also perform marketing online, right within eBay.
Starting on eBay
As an inexperienced seller, you have fairly good odds of succeeding in the eBay business by starting out with products that you know well and have experience with. According to those with experience, when you start with items you are knowledgeable about, you are right on target regarding its value.
Even if the products you are planning to start with do not fall in the line of your expertise, there’s no cause for concern. You don’t need to do research about the items, you only have to know their value.
There may be several odds and ends in your house that are fairly in good condition but are not required anymore. Or you might know of friends and family who have possessions that they no longer wish to keep. You can also buy discounted products, seasonal and specialized crafts and items and then resell them for a profit. The eBay business has few limits on what products you could sell, as long as there are interested buyers.
Use visuals to attract attention
Once you have set up your shop on eBay, start the ball rolling by letting customers learn about your merchandise. You can do this by simply taking pictures of the products you are putting up for auction. Adding a photograph to your product listing is free. A photo post of your product is provided by eBay known as the gallery feature and cost 35 cents extra. It works by having a thumbnail photo of your merchandise along with its listing in the search results.
You should know that most customers on eBay choose to see the photo of the product for sale. Ordinarily, your listing will get more hits if you have photo attachments. People need to be certain they are purchasing something that exists. You may find that once you upload more photos for each of your auctions, the demand for your merchandise increases. High-quality and detailed photos of your products are likely to result in greater sales.
Priced just right
Upon viewing your item, the next thing potential buyers on eBay consider is the price. Note that in eBay, it is important to remind you not price your product too high, or else buyers may lose interest. With a reasonable starting price, in fact, you only need to interest two bidders to set off a higher price.
Keep in mind, the principle in eBay, with regards to establishing the starting price, is that the lower you set the price, the more potential buyers bid on it. You can even get them so emotionally invested in the auction and inspire a need to be the bidder who gets the product.
For how long should you list your merchandise? As a seller, listing an item in eBay involves meeting certain user requirements to use one-day period listing and paying necessary fees for 10-day listings. Three, five, and seven day listings do not have additional fees or requirements. There are several factors to know before deciding how many days you should list a product in eBay:
– A shorter period of listing is needed if you are selling products related to certain events
– A longer period listing allows potential buyers more time to see your product and place bids
– Listing depending on your merchandise volume.
Other things that sellers in eBay should do to generate more revenues:
– Observing other eBay sellers’ experiences in eBay for you to find out and succeed.
– Regularly checking out the hit list for your products to find out if you are getting a good amount of traffic.
More traffic simply translates to more buyers.
– Having a detailed item description on your listing to minimize excessive buyer inquiries.
– Correct managing of payments and shipping. Don’t forget that 3 out of 4 buyers on eBay choose paying with PayPal.
– Most importantly, keeping your buyers happy and satisfied with your items and overall service.
Filed under: Ebay Business