6 - Selling stuff on eBay

6 - Selling stuff on eBay
Selling stuff on eBay is easy. Most of us have heard reports about how some individuals and businesses are making massive incomes from selling on eBay. But like any other business there’s no magic formula to instant success. You need to learn the ropes first. Start small and work your way up.
Sole traders and big companies are using eBay as a way increase their sales. But it’s not a guaranteed way to make money online. There are charges to consider before calculating the profits you might expect from selling through their auction pages. If you’re new to the concept of selling on eBay I suggest you read their guidelines thoroughly. Make a note of their listing and selling fees and consider all other costs you might encounter regarding postage, packing and the use of payment processing services such as Pay Pal.
If you’re not registered with eBay you will need to register first before you can start to buy or sell. Click here to go and register now.
Try testing response rates by putting a small, select number of items up for auction first. Choose products that allow you to realise a good profit margin. After eBay’s listing and selling fees, plus delivery and payment processing charges are taken into consideration, there should still be room for making a profit. At the same time, choose products that you can afford to make a small loss on if necessary. After all, if they don’t sell you will still need to pay the listing fee. You could even lose money on the sale if you don’t follow some simple rules to minimise losses.
Whole books have been written about how to trade successfully on eBay. One of the most popular ebooks available online is written byJim Cockrum, the author of ‘The silent sales machine hiding on ebay’ His experience and techniques have helped many people to make money using the most popular auction site online. Another good source of advice is Ken Evoy’s Make Your Net Auction Sell. With the information provided by these two bestselling authors, and by getting some basic experience of trading on eBay, you will soon learn to see the possibilities of making money from online auctions.
Once you become proficient at selling on eBay you might consider approaching companies and manufacturers who are willing to provide you with supplies of their products for you to sell on their behalf. Providing you can negotiate a suitable selling fee with room for a good profit margin, then finding a niche product that proves to be popular can lead you to a goldmine.
Some ebayers are turning over tens of thousands of dollars in revenue every month! Some have even closed down their offline trading premises to trade solely on eBay. Such is the success of the eBay phenomenon.
The most successful merchants on eBay are known as ‘power sellers’ Next time you visit eBay look out for the power sellers and take notice of how they run their business. Take particular note of how they promote their products using powerful descriptive headlines and text, as well as high quality images that showcase their products to the best advantage. Their excellent after sales service and customer relations help them achieve a top feedback rating which builds trust among new and old customers alike, who are happy to deal with them again and again. Emulate their success by following the same techniques and principles they employ to make big sales!
For a more detailed article about selling stuff on eBay click here.