10 Electrifying Tips on How to Make Money on eBay
Small businesses using eBay to sell their products are increasing in numbers. But how easy is it to get started selling on eBay? Is it certainly harder to make huge amount of money using the traditional business concept? Surprisingly it’s quite easy to get started selling products on eBay, but it doesn’t mean that running an eBay business does not require preparation and skill set.
For successful eBay selling, here are 10 basic tips to help you get started:
1. Pick Profitable Products. Do your research and do the calculation first. Do not skip this one on your checklist, spend some time researching on the products that you would like to sell on eBay and choose your products accordingly. Analyze the profitability of your products by doing simplified break-even analysis.
2. Learn all about shipping. Find the best method of shipping for the product in terms of expense and reliability and then indicate that shipping method and processes in your eBay listing with shipping cost. Packaging and shipping are critical. Buying in bulk packaging materials is suggested to help you reduce cost.
3. Pictures. Make sure that your item or product list are accompanied by professional quality photos. If you want to bring hefty income on eBay, display nice and clean photo of your products.
4. Product Description. Take the time to craft your eBay listing, the idea in writing a strong eBay listing is to combine keywords phrasing with concrete details about the product you are selling. The key here is to entice people to bid or buy your products.
5. Payment Options. The more payment options you offer prospective buyers, the more bidders your product will attract, and the more successful you are to making money. Using online payment methods like PayPal is one option you shall not exclude.
6. Customer Feedback. Get feedback from your customers and establish a remarkable track record. It does matter when you’re selling on eBay. Consistent positive feedback means repeat orders or bids and more prospective buyers will both bid more often.
7. Be professional. eBay is just like any other business so you’ve got to build a good reputation on your business, which means you need to register your business, charge and remit taxes and you have to deliver superior customer service.
8. Return or Exchange Policy. Provide a clear details about how your customers would go if they are not satisfied with your product, mention the length of allowable time when your buyers decide whether to keep or return the item.
9. Use Disclaimers. The bidders need to know what exactly they are getting and what they are not getting. As a seller it is always a good practice to indicate standard disclaimer policy in every product listing you post.
10.Specialize, Innovate and Change what is not working. Learn and make use of eBay tools that are available for you at no extra cost. And more importantly, practice common sense and keep your good standing on eBay.
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