After all, you have come to the conclusion to become a successful seller with your own eBay business, do you?
Below is a simple, ten-step path to eBay enlightenment.
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Step 1: Identify your market.
Out of the items you are interested in, take a while to sit and watch for what items sell and what do not. Any market research data you can collect will be very useful to you later on. You will probably see the ’sweet spots’ quite quickly, i.e. those one or two items that always seem to sell for a good price.
Step 2: Watch the competition.
Before you invest any money, see what the other sellers in your category are up to, and what their strategies are. Pay special attention to any flaws their auctions might have, because this is where you can move in and beat them at their own game.
Step 3: Find a product
Get hold of a supplier for whatever it is you want to sell, and see what the best rates you can get are. Do not be afraid to ring round quite a few to get the best deal (see also dropshipping below). If the eBay prices you have seen are higher than the supplier’s, then you are set.
Step 4: Start small
Please do not throw thousands at your idea straight away – get started slowly, see what works and what does not, and learn as you go. Remember that it is very cheap to try out even the craziest ideas on eBay, and who knows, they might just work!
Step 5: Test and repeat.
Keep trying different strategies until you find something that works, and then do not be ashamed to keep doing it, ever so often. The chances are that you just have discovered a good niche.
Step 6: Work out a business plan
A business plan does not need to be anything too formal, just a few pages that outline the market opportunity you have spotted, your strategy, strengths and weaknesses of the plan and a brief budget. This is more for you than it is for anyone else.
Step 7: Invest and expand
This is the time to throw money at the problem. Buy inventory, and start spending more time on your business. Set a goal number of sales each week, increasing it each time.
Step 8: Make it official
Once you have made a few thousand dollars worth of sales, you should really register yourself as a business. Do not worry, it is not expensive or hard to do. A solicitor might be the best person to help you through the process.
Step 9: Automate
You will probably find that you are writing the same things again and again in emails or item descriptions. This is the time to give up on the manual method and turn to automated software that can create listings for you, and respond to completed auctions and payments with whatever message you provide.
Step 10: Never give up
Even when it looks like it is all going wrong, please do not stop trying until you succeed. If you keep working at it then you will almost always find that you make a real breakthrough just when things are starting to look desperate.
Once you get into the swing of things, you might start thinking that you should quit your job and take up eBay selling part time. But it is not always as easy as it sounds. There are all sorts of factors that you need to consider.
The next posting will weigh up the case for and against taking up eBay full-time.
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If you seriously thinking of earning, not losing BIG money on eBay, I definitely recommend a very successful product how to market eBay(R) auctions
eBay Fortune , The Definitive Roadmap To Auction Riches -
as a successful eBay Seller, you will need it!
Take Action – Click Here to Download “eBay Fortune , The Definitive Roadmap To Auction Riches”
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Another viable and most recommendable option, when starting up an eBay business, is to make use of the drop shipping concept, which you can read about in the post – eBay and Drop shipping – What Is It All About?
Click here to find out more about drop shipping.
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Stay tuned,
Christer
BTW
Do you also remember to FOLLOW ME on Twitter?
If you find the information useful, don’t hesitate to Tweet or email the post to your friends and colleagues and set up a link on your own blog!
http://twitter.com/christerfolke
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Selling expensive items on eBay is really not different from selling low cost items. Essentially, regardless what you are selling, it all comes down to how you market the item. This does not mean you have to surf around the Internet placing ads everywhere. When it comes to eBay auctions, the marketing is all done at the eBay website. When you set up your auction, you are beasically setting up an automated marketing campaign.
First, you must determine the value of your item(s) in three different ways. This will help you determine what your reserve price is. On eBay, the reserve price is the lowest price that you are willing to accept for your item.
First, have your high priced item evaluated to determine what the actual market value is. Next, research similar items from past auctions at eBay to see what price those items were sold for. Finally, determine what the value of the item is to you. With this information, you should be able to determine the lowest amount you are willing to sell the item for.
Set your reserve price, and then set your opening bid price lower than $50, regardless how high your reserve price is. This is marketing tactic. It will be hard to attract potential buyers to an auction for an item selling for hundreds or thousands of dollars. However, brining them to an auction where the opening bid is only $50 is quite simple. Remember, you donot have to sell the item to anyone who bids less than your reserve price, unless you choose to do so at the close of the auction. This method of price setting resembles marketing gimmicks often used by offline businesses that are simply designed to ‘get customers in the door.’
Work hard on the description for your listing. Use words that really describe your item(s) well. Provide as many details as possible, including details that prove the authenticity of collectible items. Include pictures of the item(s) as well. Please, do not try to deceive potential buyers! If the item has marks or scratches, simply be honest about it, and make sure that the pictures convey this as well. State how the item will be packed and shipped. Also let potential buyers know that shipping insurance must be purchased as well – in case the item(s) gets damaged once it leaves your possession.
For higher priced items, most eBay buyers feel more comfortable using an escrow service. Offer this as an option in your auction, with the understanding that the buyer must pay for the service. This protects both parties from fraud, and it makes many buyers more open spending the money in order to obtain the item.
eBay has partnered with an escrow service that is commonly used for high ticket items.
* * * * *
If you seriously thinking of earning, not losing BIG money on eBay, I definitely recommend a very successful product how to market eBay(R) auctions
- eBay Fortune , The Definitive Roadmap To Auction Riches -
as an eBay Seller, you will need it!
Take Action – Click Here to Download “eBay Fortune , The Definitive Roadmap To Auction Riches”
* * * * *
For additional information on said subject, please read the post
eBay – Useful Tips on Making, Not Losing Money on eBay
Also browse the ‘eBay’ category for additional eBay postings
♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦
Stay tuned,
Christer
BTW
Do you also remember to FOLLOW ME on Twitter?
My new content from all my web pages is also going there
If you find the information useful, don’t hesitate to Tweet or email the post to your friends and colleagues and set up a link on your own blog!
http://twitter.com/christerfolke
Are you interested in becoming an eBay seller or are you a relatively new eBay seller? If that is the case, you may still be in the learning phase regarding the ins and outs of eBay. Selling on eBay is a great way to make additional money or even enough to fully support yourself, but you have to be successful at what you do. Unfortunately, it can take time to fully come to grips with all the ins and outs of eBay, particularly how to become a profitable eBay seller – until now.
Below you will find some useful tips, tips that you not necessarily will find explained on eBay.
All eBay sellers are required to pay fees to list their items for sale on eBay.
You are charged two separate fees
- a listing fee or insertion fee
- a final value fee
For the final value fee, you are charged a percentage of the price that your item was sold for. The insertion fee or listing fee is calculated somewhat differently. Instead of being charged a percentage, you are charged a set amount.
For instance, momentarily, it costs .20 to list an item up to .99 cents and .40 to list an item for sale between $1.00 and $9.99, and the fee scale continues upwards in a similar fashion. Please remember that this is just a sample.
eBay regularly changes their fees; therefore, please do not rely on the aforementioned fee samples.
Although eBay sellers must pay the eBay fees mentioned above, many do not take the time to thoroughly understand those fees. You are advised to inform yourself, as it otherwise may end up costing you money. For instance, many of the price ranges for eBay’s insertion fee scale ends at .99 cents. For you, this is a great opportunity to save money, but you must know how to do so. As stated above, if you list one of your items at $9.99, the sample insertion fee would be only .40 cents. Did you know that if you listed your item for $10.00, your insertion fee could jump up to around .60 cents (+ 50%)! An extra .20 cents just for a penny is pretty expensive, don’t you think, especially if you list a number of eBay auctions that way. Before listing items for sale on eBay again, examine eBay insertion fee sale and see how you can easily save money, sometimes by just shaving a few cents off your asking price.
It has often been said that to be a successful eBay seller, you need to have good product descriptions and clear digital pictures of the item or items that you are to sell. Of course, having a number of pictures in your eBay listings is a great way to increase your chances of making a sale, but it can be expensive doing so. eBay allows sellers to post one picture for free. Additional pictures can be purchased for a small fee, but that small fee can add up over time. With that in mind, many eBay sellers limit the number of pictures they put in their auctions. However, you do not want to do this. Instead, you should examine photo sharing sites. Photo sharing websites, like PhotoBucket is a nice, free way to add more pictures to your eBay auctions. Register with a photo sharing site, like PhotoBucket, follow the instructions and you should be saving money in no time at all.
The aforementioned ways are just a few of the many ways that you can save money on eBay, not lose it. In all honesty, you should do a little bit of research first. Using the Internet is a great way to research selling on eBay, as many other eBay users are prepared to share their money-making secrets with you - free of charge.
* * * * *
If you seriously thinking of earning, not losing BIG money on eBay, I definitely recommend a very successful product how to market eBay(R) auctions
- eBay Fortune , The Definitive Roadmap To Auction Riches -
as an eBay Seller, you will need it!
Take Action – Click Here to Download “eBay Fortune , The Definitive Roadmap To Auction Riches”
♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦
Stay tuned,
Christer
BTW
Do you also remember to FOLLOW ME on Twitter?
My new content from all my web pages is also going there
If you find the information useful, don’t hesitate to Tweet or email the post to your friends and colleagues and set up a link on your own blog!
http://twitter.com/christerfolke
eBay is a business regardless how look at it. I agree, it is a great deal of fun for both the buyers and sellers, but when you look at it from more serious point of view, you will see that it is a business from the seller’s perspective, from the buyer’s perspective, and most definitely from eBay’s perspective.
More than 40 million dollars a day travels through eBay. Selling items on eBay successfully is an art in itself, and eBay offers many different forms of Data and Research resources to ensure that you are selling the right items, to the right people, in the right way. (to the right price?)
Some of the data and research resources are not free, but pretty much of it is.
The available resources include
- hot items by category
- eBay Pulse
- merchandising calendar
- sales reports
- marketplace research
- buyer behavioural report
- the eBay solutions directory.
These tools are quite easy to use, and the information that can be extracted from them is extremely valuable.
The Data and Research tools are all accessible through your seller’s account, by clicking on the ‘Advance Selling’ link. Learn to use those tools, and see to that you get your piece of that $40 million eBay revenue each day.
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If you are serious about making real money with eBay and on the Internet, you must get the book
“The Silent Sales Machine Hiding On eBay”
Who else wants a part of the $24 Billion eBay boom…
The book reveals ways to sell on eBay where your risk of loss is virtually eliminated.
Where you risk almost nothing and your profits can be massive.
In just a few months time this book shot up to be the most popular eBook site on the Internet.
Click here now to download the book!
- The Silent Sales Machine Hiding On eBay
♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦
Stay tuned,
Christer
BTW
Do you also remember to FOLLOW ME on Twitter?
My new content from all my web pages is also going there
If you find the information useful, don’t hesitate to Tweet or email the post to your friends and colleagues and set up a link on your own blog!
http://twitter.com/christerfolke
Are you interested in becoming an eBay seller?
If you are, you are definitely not alone, as eBay has become a relatively quick and easy way to make money online. Each day, a large number of individuals use eBay to make extra money from home and a few lucky ones are even able to make enough money to support themselves or their families. However, before you jump on the eBay selling bandwagon, you are advised to take a few minutes and examine the pros and cons of selling on eBay.
One of the many pros, or plus sides, to selling on eBay is the fact that is it is relatively easy to do. Once you create an eBay account, you can start listing items that you have in your possession for sale right away. When doing so, it is also easy to do. eBay has a step-by-step process for listing items for sale, in traditional auction formats or buy it now formats. In fact, eBay also has a program that lets you compile your auctions, with pictures and descriptions, when you are not even connected to the internet. As soon as you connect up to the internet again, you can begin to upload your listings and have them start right away.
Another one of the many pros to selling on eBay is that just about anyone can do it. You do not have to have big fancy, expensive items to sell on eBay. In fact, a large number of those selling on eBay are just selling items that are taking up space in their homes; items they do not want anymore. If you are interesting in becoming an eBay seller, but you are not confident as to how much you can depend on eBay for your income, you may want to think about testing the waters before. You can do this by listing the items have you have around your home for sale. Items that tend to sell relatively well are lots, or groups, of toys and infant clothing.
While there are a number of pros, or plus sides, to selling on eBay, there are also a number of cons, or downsides, to doing so as well. One of the biggest cons or downsides to selling on eBay is the competition. As it was previously mentioned, a large number of internet users have started using eBay to make extra money or even make a living from eBay. This is what leads to multiple auction listings for the exact same items. Whereas this is pleasant for the eBay buyers, it can hurt you as a seller. When the supplier is higher than the demand, you may not make as much money off of your items as you had originally anticipated, if they even sell at all.
Another downside to selling on eBay is the fees associated with doing so. In recent years, eBay has redone their fee structure, often having raised their fees. Although these fees are still considered relatively low, they could put a damper on your profits, which alone are sometimes hard to come by. Of course, there are ways that you can the most out of eBay fees. For instance, if you have a “hot seller,” you could start your auction out at a low price, as the fees are less for doing so.
However, you are taking a gamble, as you never have any guarantees as for how much your items will sell for. Perhaps, the unknown factor is one of the biggest downsides to selling on eBay. You never really know if you are going to make money or even if you will end up losing money.
As you are likely already to know, the decision as to whether or not you want to become an eBay seller is yours to make, but, when making your decision, you are advised to keep the aforementioned points in mind. With a relatively equal amount of pros and cons, you may be wondering what your best option is.
For more accurate information, you may want to think about testing the eBay seller waters, as you are able to sell whenever you want, with no minimum auction requirements.
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A good video, explaining the 10 most common mistakes that ebay sellers make can be viewed from here below
(to watch this video, you need Adobe Flashplayer – is free)
* * * * *
If you are serious about making serious money on eBay and on the Internet, you must get the book
“The Silent Sales Machine Hiding On eBay”
You want a part of the $24 Billion eBay boom?
What are you waiting for?
Take action now!
The book reveals ways to sell on eBay where your risk of loss is virtually eliminated.
Where you risk almost nothing and your profits can be massive.
In just a few months time this book shot up to be the most popular eBook site on the Internet.
Click here now to download the book!
* * * * *
If you immediately want to roll up your sleeves and start getting your hands dirty, then I fully recommend the following product,
a product having far more pros than cons
You Immediately Can Start Making Money On eBay(R) And Get Your Own Website.
You Get Immediate Access To 500 True Drop Shippers!
You Get A Free Turnkey Ecommerce Website Stocked With 200,000 DropShip Products.
You Get Free Hosting And Free Domain Name!
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You don’t have to have anything on stock yourself
No financial hassle or gamble !
Don’t miss out on this unique opportunity !
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♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦
Stay tuned,
Christer
BTW
Do you also remember to FOLLOW ME on Twitter?
If you find the information useful, don’t hesitate to Tweet or email the post to your friends and colleagues and set up a link on your own blog!
http://twitter.com/christerfolke
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