Archive for eBay
Sell Things On EBay: Ideas On How To And You’ll Have Another Source Of Income
Posted by: | CommentsWhen I first started to sell things on eBay, it was a way to get rid of some excess possessions I didn’t really need. My grandparents were both packrats and, when they died, I inherited a lot of their stuff. Quite a bit of it had sentimental value and I decided to keep that stuff.
Selling good on eBay was a great way for me to earn money. I’m not saying that I made a fortune, but I certainly made more money than I expected. The stuff that I sold, mostly 45s and 78s as well as porcelain, were niche goods.
What surprised me was the amount of money I made selling things on eBay. Don’t get me wrong it wasn’t a fortune but it was a lot more than I had expected. A lot of the stuff I was selling was sort of niche goods.
At a garage sale, it would have been unlikely for someone to come along who realized the value of a particular record, or of a particular piece of jewelry. On eBay, however, there were collectors of all stripes, all of them willing to search a great deal for just such an item. As a result, they bid up the value of several pieces which I had viewed as insignificant. It really made me think about the financial possibilities.
I decided that the best thing to do would be to start a store to sell things on eBay. There are two kinds of eBay sellers the casual ones and the professional ones.
Casual sellers tend to post something every once in a while, whereas professionals own a storefront. A storefront gives you recognizability and makes people associate your products with you. It is pretty easy to set up, and it definitely increases your traffic.
Once I gave myself a professional look, I was really raking in business. It was not too long before I was making hundreds of dollars of profit a week. It wasn’t enough to live on, but it was a great supplementary income.
Of course, it wasn’t quite that easy to sell things on eBay. I had to invest in a lot of different trinkets, and it took a while for business to get rolling. Nonetheless, if you have a good eye for collectibles or a ready supply of stuff you want to get rid of, selling on eBay can be a great way to start.
How To Save Your EBay Business
Posted by: | CommentseBay – Part Time or Full? How to Decide.
Going full-time as an eBay seller is living the dream: making a real income, working from home, being your own boss and all the rest of it. It’s the promise of a million scams, and it’s finally come true – at least for some.
What they don’t tell you in the success stories, though, is that becoming a full-time eBay seller is by no means for everyone. You really, really ought to try it part-time before you even consider taking it up full-time, and even then, caution is advisable. Before you burn your suit, here’s a list of questions you should ask yourself.
How Much Do I Earn From eBay Now?
Work out how many hours a week you spend doing eBay-related things (be honest here), and divide it by the average amount of profit you make in a week. If you were doing full-time hours, would you earn as much as you earn now?
Do I Have a Good Job?
Think about what you might lose if you give up your job to focus on eBay. If you’re in a well-paid job with good promotion prospects then it’s well worth reconsidering: you might get a few years down the line and wish you’d stayed in your traditional job, as you’d probably be the CEO by now.
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Would I Really Make Much More Money?
Unless you’re selling a large quantity of small goods, most of what you do on eBay will be waiting for auctions to end – and you can wait at work just as easily as you can at home. This is why whether you would make more money on eBay really depends on what kinds of items you’re selling – for low value items, going full-time could be a good move. For high-value ones, the chances are you’ll hit the limits of how much money you have to invest in inventory long before you hit the limits on your time.
Is my Home a Good Place to Work?
Quite apart from anything else, you might find that the dream of home working is more of a nightmare in reality. People can start to depend on you to get things done that need to be done during the day. If you have a wife and children then they can resent the fact that you’re in the house but refuse to have anything to do with them for large parts of the day. Giving in to any of these things and stopping work for a while will cause your profits to fall.
Can I Survive if it All Goes Wrong?
In the end, would you be able to get by if you had a month or two where you sold literally nothing? Or would you be desperately looking around for a job and cursing the day you ever discovered eBay? That’s the real test.
If you made it through all these questions, then I guess you’re cut out for the eBay life – and even if you didn’t, you’d be surprised just how far you can get part-time. In our next email, we’ll show you how to think like the eBay elite: the PowerSellers.
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Making Money Online With EBay Part 1
Posted by: | CommentsEverybody is well aware of the fact that eBay is a multi billion dollar conglomerate that reaps in huge profits each quarter but what people don’t know is that they can also make a decent income by selling on eBay. You must’ve certainly heard the old adage ‘one person’s trash is another person’s treasure.’ Well if there is one place in the cyber world where it holds true it’s on eBay. If there is something in your house that you don’t want there is a good possibility that you may find a buyer for it on eBay. From old books, to rustic furniture and from rugs to china – everything can be sold here. But if you are wondering that there will be a point when you will run out of things to sell from your own home and what can you do then, here are a few tips that can help you.
It’s always a good choice to start with one or two things from your house that may be attractive but which you don’t particularly need. This will help you to cut teeth on a product that does not require any investment from your side. If you have a couple of good reviews from other transactions it will help you when trading on eBay. This simply means that you have a proven record of paying /delivering honestly. Now if you are wondering how you can get this without selling first product it’s quite simple. All you have to do is to buy a few products, I am sure there must be some things that you need and eBay has them all from diaper bags to software’s so buy a few things to get the review machine started.
Next, list your products for sale. How successful you are in selling your products depends largely on how you present them to the buyers. An absolute must is a picture of a product. Put yourself in your customer’s shoes, if you would be interested in buying something wouldn’t you like to see a picture of that product? So invest in a digital camera if you don’t have one. If you are serious about this make money online opportunity you will also need a good photo editing software. When you product is presented it should look alluring and the customer should feel that he/she wants to buy it. The description of your product should also be as interesting and attractive as the picture. So spend some time listing all the positive points of your product. It is very important here to remember to not make tall claims. This is particularly true if you are selling a used product if it has a defect it is essential that you come clear about it with the client.
Once you have registered with eBay and listed the picture and description of your product all you have to do is keep your fingers crossed and wait. Good business policy suggests that as a new entrant keep your price low to attract more customers. The moment you sell your first product you will fell your confidence level going up. So if you are ready for more action. This is what you need to do.
The first step is to decide what you want to sell and from where can you procure these items. There are various options here. The first option is that of the various bulk wholesalers in the market who will sell you several pieces of a product at reasonable rates. Once you buy from them, the product is shipped to you are the storage and subsequent shipping of this product is entirely your responsibility. There is only one problem with this option though most wholesalers have a minimum order amount which is usually more than what first time business person can afford. So you will need to put in some research into finding a supplier who is willing to sell you products in smaller quantities. The other way is to collect items is to visit the local garage and yard sales. You should usually find a listing of these in the newspapers and on community boards etc. Before you go out shopping whether online of offline, you should draw up a list of the possible items that you are looking for or at least the various categories. Once you have bought the items its essential that you maintain a record of the date of purchase, the buying price and eventually the date of sale and selling price. This will help you to keep a tab on your profit, the profit percentage from the various categories for example the profit from books vs. the profit from crockery and the time it takes to sell various products. I hope with the help of this you will be able to make money online more than before.
Don’t forget to read my other article i.e Making Money online with eBay Part 1 which is coming after this.
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Is The EBay Customer Always Right?
Posted by: | CommentsIs the eBay Customer Always Right?
I can answer this question for you right now: the answer is ‘yes’. In fact, the answer is ‘YES!’ – the biggest yes you’ve ever heard. Of the course the customer is always right. If you want to be a successful eBay seller, you should go miles out of your way to make sure every single one of your customers is 100% satisfied, however much time or money it might cost you.
A dissatisfied customer will leave negative feedback, and negative feedback is to be avoided at all costs. That one piece of negative feedback will always cost you more than it would have to deal with the complaint, whatever the value of the items you sell. You should consider any positive feedback percentage under 100% to be an absolute disaster, and a personal failure on your part.
But What If…
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But nothing! There is no situation where you, as a seller, should get into any dispute with a buyer. Here are a few common situations and how to handle them.
They say the item never arrived: Politely ask the buyer to wait a few more days to see if it turns up, and then email you again if it still hasn’t arrived. If it still hasn’t arrived, you should assume it was lost in the post somehow and offer to send a replacement if you have one, or give them a full refund otherwise. No, I don’t care what that costs you. Are you serious about selling on eBay or not?
The item has been damaged in the post: You must offer to replace it or take it back for a refund without hesitation.
They say the item doesn’t match the description: Resist the urge to email back with “yes it does, you just didn’t read the description properly”. Take the item back for a refund, and edit your description if you need to, to make any confusing points extra clear.
I’m sure you’re spotting a pattern by now. Offering a refund will make almost any problem go away, and it really will cost you less in the long run. Remember, one piece of negative feedback will stay with you forever, while having a 100% positive rating is like owning a bar of solid gold.
You should always handle customers’ complaints before they complain to eBay – in fact, you should email them pre-emptively to ask if they have any. Going through the dispute process is time consuming, reflects badly on you and is downright unnecessary.
Are you still not convinced? Think this would only work with cheap items? Well, you see, the higher the price of the items you sell, the more your reputation is worth to you. Let’s say you were selling $10,000 worth of items each week, for example, and making a $1,000 profit per week overall. You might think that refunding one customer’s $1,000 purchase would be a tragedy, losing you your whole week’s profit. It’s far better to look at it this way: if you don’t give that refund, then not only will you lose the next week’s profit, but you’ll probably lose a few weeks’ profit after that too. Now which option looks better?
I absolutely can’t emphasise enough the importance of really believing that the customer is always right. But trying to make excuses for complaints isn’t the only thing you need to avoid. There are a lot of pitfalls that you need to avoid if you don’t want to kill your business before it’s even started properly – and I’ll show you in the next email what they are.
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How To Create An Ebay Sales Page
Posted by: | Commentshow to create an eBay sales page
Knowing how to create an eBay sales page page is the most effective way of making sure that your items sell first time.
OK. Time to become an Online Auction Expert.
Follow these tips for a great sales page.
First you will need to think of a good title for your item. Also you will need to create a description for the item and decide on how much you want for your item.
Then you will need to add the shipping and payment information as it pertains to your item.
The next step is to add pictures to your sales page. This is a must. You’ve heard the saying “A picture is worth a thousand words” and where your sales page is concerned that is the absolute truth.
You can get pictures of your item by photographing them yourself or use relevant pictures from a magazine. Don’t forget to look on the items packaging for information on the product. (If you have it).
Try to provide as much detail as you can. Put yourself in the buyers shoes. if you were interested in this product what more would you need to know about. The more questions you can answer, the more chance you have of selling your item.
Make sure you have said what your return policy covers. Instill confidence in your prospective buyers.
Do the following prior to listing your item.
Make sure your buyer knows how you want to be paid. For example, via PayPal – Credit Card – Propay – Cheque – Money Order.
OK. Now you can start creating your eBay page.
Choose a price you would like to get for your item. Decide on a starting price. If you decide to set a reserve price remember that this can put some buyers off, and don’t forget that you also have the option of Buy It Now. A good idea if you simply want to sell your item for a fixed price.
Choose how long you want the auction to run for. The most common are 7 day auctions, you can choose a longer running auction but it will cost you more in sellers fees.
Don’t forget to preview your listing and check for any mistakes or change any of the details if you wish.
OK. so you’re almost there.
If everything looks OK, click the “List Your Item” button and your sales page will be created on eBay.
Spotted something wrong with you sales page or you want to change something? No problem, you can go back and revise your listing. If nobody has placed a bid yet you can change anything you wish. However, once someone has placed a bid, the things you can change are restricted depending on when you make your changes.
Don’t forget. If your item doesn’t sell the first time or a buyer drops out. Don’t panic! You can always re list your item.
Like anything, creating an eBay sales page takes practice. The more you do the easier it becomes.
For more in-depth information on creating an eBay sales page visit: http://pages.ebay.com/help/sell/listing_ov.html
So. Go create and enjoy.
Online Auction Expert
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Can Anybody Be Successful Selling on eBay?
Posted by: | CommentsCan Anybody Be Successful Selling on eBay? Well, it’s certainly not as simple or cut and dry as it once was. There was a point in time when any kind of business newbie or internet beginner could just stumble into having success on eBay. That is just not the case anymore.
It used to be the any small town business could make a ton of money on eBay. It didn’t matter you didn’t have the first clue how to run a business.
Times were a lot simpler. The online auction was still a new novelty that people just loved. They were addicted on eBay.
This is not the case anymore. At eBay’s peak you could sell absolutely anything on eBay successfully. Now, if you look around you’ll notice there are more and more auctions ending with 0 bids.
It’s obvious that eBay doesn’t have the same cache it once had. But does this mean that a person can’t build a successful business on eBay anymore? Absolutely, they can!
Of course you can’t just stumble your way to making on eBay anymore. You’ve got to take time to build a successful business plan. See if you can find out a niche that can make you money. Learn all that there is to know about eBay.
You’d actually be shocked to know that many newbies to eBay were able to eventually grow their eBay stores into a 6 figure business. It’s really easy too. You just have to treat it like any other business.
So many people want to make money on eBay, but they don’t want to put the hours that are needed to achieve that kind of success. Starting on eBay business is no different than starting any other kind of business.
If you want to do this right, get ready to work hard. Be prepared to reinvest in your business, and put in the hours needed to make your business grow. It’s as simple as that, but the real beauty of it is once the business is a success, there are so many things that become easier. You’ve just got to get that level first.
Answering Emails Is Vital To An eBay Business
Posted by: | CommentsIt’s really shocking how many eBay sellers can’t answer a simple email. Potential buyers are asking them for more information and it takes them a week to answer the question. Then, they wonder why their eBay business is failing.
To put it bluntly, you will never succeed on eBay if you offer horrible communication. If you can’t handle it, don’t bother starting a business (of any kind).
Some people treat business emails, like they do personal emails. Personal emails can wait. That’s what yahoo and hotmail accounts are for.
If you are working and you receive an email in regards to your business. put whatever you’re doing on hold. Answer the email. The person will be so impressed that you took the time answer the email so quickly.
Doing this shows great professionalism. It also shows that truly care about their question or the problem they might be having.
What’s really shocking is the sellers who don’t respond to an email even thought he person is basically telling them that they are going to buy their product. They just need to a little bit more information on it.
For instance, if somebody emails you asking what the combined shipping cost would be if they bought product A and Product B. That’s an example of a buying question. Don’t stall. Drop whatever it is you may be doing and answer it. Don’t give them time change their mind. You want to strike while the iron is hot!
It also works for dissatisfied customers. Let’s say you ship somebody the wrong item. It happens to all of us at one time or another. Then the buyer sends you an email and he doesn’t exactly sound too pleased.
The terrible eBay sellers would just want to deal with this. They’d much rather avoid or postpone an email response to an angry email. The great sellers, on the other hand though, answer it right away. It always calms down the buyer because he knows that his problem was acknowledged and the seller will try to remedy the situation.
Buying Tickets On eBay – Getting The Genuine Article
Posted by: | CommentsIs a big event coming up soon and you are having troubles finding tickets? If so, you might want to consider looking to eBay as a resource for finding tickets to your favorite events, concerts, sports games, and other ticketed events. However, the one thing you want to be aware of when using an avenue such as eBay to purchase event tickets is that not everyone is being honest.
Therefore, before you go handing over your money, you need to make sure that you are buying from a seller who is honest. Plus you need to make sure that they are going to be sending out the genuine article and they are providing you with what you are looking for when it comes to seating. There are a number of steps that you can take which can help to ensure that you get what you have paid for.
Making Sure The Tickets You Get Are Genuine
The first thing you want to do is check out the seller. EBay offers a great seller feedback program and rating program that will help you in deciding if this is the seller for you. Look at their history, have they sold tickets before? Look at their feedback; were they prompt and honest with their buyers? Did buyers get what they paid for? This is why the feedback system is designed for. You want to make sure that you are purchasing from someone who has a feedback with an overall rating of 97% to 100%. One or two bad reviews amongst hundreds is not necessary a sign of bad things to come.
The description is something that should immediately tell you if it is the genuine article or not. Along with the seller providing details of when the event happens, they should be providing you with details about the event itself and where within the event location where the seats are situated. You may also find that they tell you the venue name and in some cases they may even provide an interior map of the venue which clearly shows where the seats on the tickets you are purchasing are located.
It is important that you know what you would be expected to pay for these tickets. Most people are not allowed by law to sell any tickets they have for more than they were originally brought for. So do your homework and carry out some research in relation to the event, the venue where it is being held and know exactly what someone would have originally paid for the tickets before you put in your bid.
If you feel something isn’t right or need to find out more then do not hesitate and contact the seller. EBay has a great way that allows you to contact the seller before placing a bid if you have any questions that need answering.
Some sellers will chose to upload a digital or scanned photograph of the actual tickets. In some cases, it will be accompanied by a receipt showing proof of purchase or some other avenue of authentication. This is ideal, but not always provided, except in the case of tickets that are high priced.
It is important that you trust your instincts as well and if something doesn’t feel right, then it probably isn’t. Finally it is crucial that you use a form of payment that you trust such as PayPal or a credit card when making that final purchase. The great thing about PayPal is that they offer you as facility known as Buyer Protection, which means that you are protected should something happen to the tickets before you actually get them.
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