Moneyy it. Here’s. Plus, insider tips on how to make money on eBay from eBay senior exec Jim Griffith. Ramit Sethi. We also interviewed a senior executive at eBay to get insider tips on how to make money selling stuff on eBay. Want more money? Susan and I are both fans of Big Wins.
I wouldn’t let anything, even a divorce stand in my way. My solution was eBay. I could make a killing on eBay, good profits, ship when I wanted to, and still be there for every second of my children’s lives. It was the best of both worlds. Although I’ve been selling on eBay for 15 years, I created a very successful, stable income for myself and my kids in a year and a half. There was no teacher telling me what I should do or not do. It was all trial and error. After all, the best secrets of how to make a living on eBay are a secret right? When you’re first starting out on eBay, you just want to sell whatever you have lying around the house. You’d be surprised at what goes for good money on eBay, especially if you break parts up. Let’s say your vacuum just broke and you replaced it with a new one.
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Totally not kidding! Someone else may not have the money to go out and buy a new vacuum, so they buy the parts off eBay and it saves them money. They are happy. You are happy because collectively for a few parts, they just bought you a new vacuum! Shipping costs these days can ruin a business. If you want to have a successful business on eBay, you need a store. There’s no going around it. There are so many perks to having a store, one is that eBay promotes your store on search engines, so you’re getting a lot more traffic than you will not having one. Another perk is that it automatically gives you credibility.
Steps to Getting Started and Growing an eBay Business
Share best practices, tips, and insights. Meet other eBay community members who share your passions. I have been selling on Ebay for about 6 months or so and between shipping, ebay and paypal charges, I am really not making any money. Do you have more luck offering free shipping, flat fee or calculated shipping? I live in the midwest and it seems the majority of customers I get live on the west coast or down south.
The eBay Community
If you want to start making money at home quickly, with little to no investment, selling on eBay is a viable option. There are many advantages to starting an eBay business including:. Like any business, you need to research, plan and then implement and evaluate your plan. If you’ve never bought or sold something on eBay before, now is the time to do it. Taking a test drive on eBay will not only help get familiar with the system but also, determine if it’s something you want to turn into a home business. Sign up for a free account. If you know you want to build a business, use the eBay business account sign-up option. Sign up for a PayPal account , which will make it easy for buyers to pay you as soon as the item sells.
That way, you’ll earn the trust of buyers, who will be more likely to do business with you once they see you’re an established and honest seller. Heidegger Metayer Sep 5, The account is free and allows you to operate as a seller or a buyer. How do you think about the answers? Sell what you know. Ah Kiat. You can hold out to see if anyone will purchase your item at the BIN price. There are pros and cons to each selling method — the one that will work best for you is highly dependent upon your individual business. Sign up for our weekly newsletter.
2) Watch your fees
Learn why people trust wikiHow. There you can find some of the popular items that are being sold over at eBay. Considering downloading the eBay app to your smartphone so that you can manage your communications more easily. The reviews are in — literally and figuratively! Also, once a free-shipping transaction is confirmed, it’ll earn you a 5-star rating on your «Shipping and Handling Charges Detailed Seller Rating. You should also be very transparent about any product defects the item may have, and disclose any issues or flaws related to the product. Starting with just a few items to sell gives you the chance to learn the ropes and establish yourself as a reputable seller. You can add a BIN option to an item you have listed for auction. A Power Seller designation tells buyers that you are trustworthy, honest and offer a fair deal, which in turn brings more buyers your way. You can purchase small wholesale lots of products that most people use on a daily basis and make those the focus of your eBay business.
Types of Ebay Sellers
There are million eBay buyers worldwide. There are a few different types of eBay sellers. PowerSellers are professional sellers who spend a lot of time purchasing items, packaging products, shipping mkney receiving goods, and managing auctions. To make extra cash, she turns to her closet and sells her gently used designer threads under a fixed-price listing.
He scours the internet for comic book collectibles and video game action figures to resell. Three categories that sell particularly well on eBay are:. While some eBay sellers focus tk a niche product, others follow the trends to sell what is popular at the moment. This will require a bit of research on your. You can use this tool from eBay to see what buyers are searching. Another resource for researching seasonal trends and historical data is Google Trends.
You can use it to help gauge consumer demand and determine the best time to list and sell your product. You can use the eBay appraisal tool to determine the value or trending price of a particular item mooney a specific category. When eBay first launched init was a true peer-to-peer marketplace built on auctions. There are pros and cons to each selling method — the one that will work best for you is highly dependent upon your individual business.
You run a monney auction for a specified number of days. Onn the start of the auction, you list an monry bid, and then buyers will bid up from the opening price. When the byu comes to an end, the highest bidder wins.
This type of selling works great for someone like Video Game Vince because he deals in unique, collectible items. Passionate fans of the comic book genre will feverishly bid up the pricing, allowing Vince to pocket a nice profit.
Pro tip: Set a reserve price — or, the lowest price you are willing to accept for the item. This style of selling is efficient and convenient, as there is no haggling or waiting for an auction to end. On eBay, shoppers search for products using keywords. You can optimize your product description by making sure to include relevant keywords and product identifiers.
Biy detailed product descriptions that include these attributes:. It is imperative that you structure your product attributes similarly to the words and phrases users are typing into their eBay searches. You should also be very transparent about any product defects the item may have, and disclose any issues or flaws related to the product. Using product identifiers in your listings can help increase your item visibility, which in turn will help bjy sales.
When buyers look for items on search engines like Google or Bing, those search engines look for specific data called product identifiers. You can find a comprehensive list of categories. When you include product identifiers in your listings, your product will be eligible for higher qhat visibility — on eBay as well as outside search engines.
It will also be eligible for special price alerts e. Adding whqt identifiers is highly recommended to maximize your potential on eBay through better product placement and better SEO data for search engines. Product attributes define the relevant and important facts male a product — such as brand, style, size, and color. Product attributes are created by mapping the product specs to the item specifics of the eBay category.
Providing a very detailed set of item specifics will create a complete set of structured data that allows the search engine to locate and filter products. This improves the relevance of search results to what users are typing in their search mondy. If applicable, include the dimensions of the item in the attributes. The product dimensions should specify the size of the actual product, not the packaging size.
Here are some important details to tto when creating the attribute list for a multi-pack or manufacturer-created bundle:. Another tip is to include product variants on one page instead of multiple. You could use spreadsheets if you only have a half-dozen items listed, like eBay Ellen.
However, if you have hundreds, thousands, or even millions of products, a spreadsheet will be too complicated, unwieldy, and inadequate. A feed management platformused in conjunction with an ecommerce makr like BigCommerce, can make your listings much maake manageable. You never want to be in a position where you are listing out-of-stock items on your site.
With feed management platforms, orders are updated and synced to your online store. A client needed help with managing orders for two marketplaces: eBay and Amazon. This client had moneh products that were too in stock, and they wanted to avoid running into an oversold situation — which can get sellers suspended from eBay. Feedonomics was able to solve this problem by intelligently controlling inventory on multiple channels.
The best practices listed here are much the same as best practices you should follow beay any marketplace, as well as on your ecommerce site. Here are some general tips, with more information to follow:. Take high-resolution photos against a plain white background to make the products stand.
Make sure the lighting is sufficient to feature the item and its relevant details. Try taking shots of the product from different angles, and get some close-up shots as well to highlight details. Cost and speed are top of mind for eBay buyers. Offer competitive shipping prices low-cost or free shipping is best to appeal to more buyers and increase your chances of a sale.
Tto goes without saying that the most attractive return policy for the eBay buyer is free returns. The reviews are in — literally and figuratively!
The best way to avoid bad eBay reviews is to maintain good standing with your customers by having customer service. Sign up for our weekly newsletter. Tired of scrolling?
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What to Sell on eBay To Make Big Profits
With more than million active users inEbay remains one of the top online platforms for buying and selling products. It currently sits at the number 3 spot behind Amazon and Walmart in terms of visitor numbers, with an impressive million visits per month. Ebay lets sellers create an auction easily and cash in within a week. As of February ofthe app has an audience reach of People dipping their toes into Ebay for the first time are usually looking to sell pre-used items. These Ebay users pop up only when they have stuff to sell, usually items they have around the house.
5 expert tips for selling on eBay
This group of Ebay sellers trade during their free time and usually scales up when the business shows true potential to expand. Refers to established businesses with a large customer base and significant product turnover. They typically work full-time on their Ebay business. Knowing who to source your products from and building a strong relationship with suppliers is one of the most important pieces of the puzzle if you want to have a successful dropshipping business on Ebay. Most beginner dropshippers will probably fire up Google and try to look for a product to sell and where to source it. And while you may want to give them a shot, your Scam-O-Meter tells you. The truth is, these products have so much competition that only the top sellers with thousands to spend on marketing and massive orders are getting the bulk of the sales. You can see examples of good items to sell in our blog. Try using a listing analytics tool such as the SaleHoo Market Research Lab to narrow your focus to what’s actually selling on eBay. Once you’ve chosen the type of items you want to sellit’s time to move on to the next step. To make money on eBay through dropshipping there are two things you have to know like the back of your hand: the eBay platform and your dropshipping suppliers.
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