Some people have decent eBay businesses pulling in good weekly profits and they aren't interested in making more money. This information is not for ...
Some people have decent eBay businesses pulling in good weekly profits and they aren’t interested in making more money. This information is not for those people. For everyone else who wants to grow their eBay business bigger and much more profitable, here are some simple things you can put into action immediately that will fatten your wallet and increase profit margins.
1) Building a customer base. You’d be surprised how many of your past customers want more of what you have. It’s not spam and it’s not being annoying. They have trusted you enough to purchase from you the first time, so email them back whenever you get new inventory, whenever you’re having a sale, or whenever you have something unusual or rare in stock. Export your past customers emails from PayPal and import them into an autoresponder to send out emails.
2) eBay’s Publisher Network. eBay will send you money if someone buys an item on eBay after clicking through your link. Use this with tip #1 and you can really see some great results.
3) Checking your pricing. You should stay on top of your pricing once a week or so and adjust your prices to compete the changing marketplace. Many businesses will take a cut on their margins to turn over inventory quicker and increase cash flow.
4) Liquidating. Not willing to lower prices or clear out inventory can hurt your business. Stale inventory takes up space on your shelf, hinders cash flow, and ties up capital. Get your money back and purchase some newer inventory.
5) Watching your pennies. With a few simple tricks we have reduced our listing fees by 60-80% because of eBay’s new policies. We can get the same amount of sales by putting many items in one listing and optimizing that listing for ‘Best Match’. We also have found that using 30 day or good till canceled listing durations help in lowering fees. With just those few changes we have lowered our eBay fee invoices from over $1500 to under $300.
Jesse Holmes is an eBay PowerSeller who has been for over 3 years. Before you start selling on eBay, you need to check out his excellent free eBay Business Start Up Kit, showing you step by step how to .
Many people have been pronouncing doom and gloom for the worldwide economy in recent months. With unemployment numbers as low as they have been in years, people wonder if eBay and other online venues are struggling as well. Perhaps you wonder if you can create an online business from your home.
In a word, the answer is yes. Even in tough economic times, there are always opportunities to be found. It’s been said that more wealth was created during the great depression than any other time in history. That doesn’t mean that it will be easy. But the opportunity is always there.
Is eBay still a good platform to build a business on? Yes. eBay has come a long way in the past 10 years and with over 2 million people visiting every day, it’s clear that these millions of customers will always be its greatest strength!
People shop on eBay because they are looking for a good deal. In times like these, it seems more people are looking for a good deal then ever before. Having such a large visitor count gives people like you and me the opportunity for our products to be seen extremely quickly and easily.
Another advantage to selling on eBay in tough economic times is the flexibility of the venue. If you had a brick and mortar retail store, you’d have to pay rent and many other overhead costs to stay in business. With eBay, your overhead is low and the bulk of your fees only occur after you sell an item.
As well, you can switch up your products at any time, without having to change your marketing campaigns. You can sell webcams one week and the next week decide to sell golf clubs with no problem. eBay sellers are able to move faster and take advantage of opportunities before retailers even know about them because eBayers are more flexible.
Also when , you can research what things are selling well, and know what the marketplace is doing before you enter it. This gives anyone the opportunity to know their profit margins before even purchasing inventory!
Jesse Holmes is an eBay PowerSeller who has been taking advantage of this for over 3 years. If you want to join him, don’t miss his excellent free eBay Business Start Up Kit, showing you step by step how to .
Dealing with customers is something you cannot avoid if you want to have a business. However, all of the training tools in the world cannot prepare you for the frustration of dealing with a problematic customer. Knowing how to sell on eBay is a lot more than just creating listings and shipping out items. Those who don’t take the time to learn how to deal with customers properly can get into some unwanted trouble pretty quickly.
Never lose your cool when confronted by a nasty customer. When learning how to sell on eBay, make sure you learn how to deal with customers. When dealing with problem customers make sure that you remain professional at all times.
When just starting to learn how to sell on eBay, you should never take the attitude that you don’t want that customer back because of the problem that took place. If you deal with the situation correctly, you might be able to clear things up and have a loyal return customer.
In these situations you have to make sure that you don’t do anything you might regret, so that current and future customers won’t look upon you poorly. Remember that eBay buyers can check to see if you replied to feedback that was left in a positive or negative way. Others might not want to do business with you if they see that you don’t handle support calmly and professionally.
So what is someone who is just learning how to sell on eBay supposed to do when they get a bad customer? Try to repair the situation. If there is no indication that this is a cycle for this buyer then see if there is something that you can do to resolve the situation. You want to put the fire out without making too much of a big deal out of it. Of course, there are always going to be those situations where things simply cannot be fixed. Keep in mind that this is not the norm, and after thousands of eBay transactions, we’ve had hardly any problems, it’s just good to be prepared.
Jesse Holmes is an eBay PowerSeller and Entrepreneur who has been for over 3 years. Before you start to sell on eBay, you need to check out his excellent free eBay Business Start Up Kit, showing you step by step how to .
When it comes to learning how to sell on eBay, many people focus just on how to create auctions and ship packages. While those issues are extremely important to a person’s success on eBay, it is important to understand that there is a lot more to it that that. If you plan to sell things on eBay in mass amounts, you will quickly find that the fees involved really add up. This is something that you need to learn about and understand in order to be a successful eBay seller.
There are three different categories of fees: PayPal fees, eBay listing fees, and eBay final value fees. If you don’t use PayPal, then you can avoid PayPal fees. However, most buyers on eBay want to use PayPal to pay, so it’s unlikely you’ll be able to avoid using PayPal.
The listing fees on eBay vary from just a few cents to upwards of twenty dollars. There is a big range here because these fees are based on the start price of your auction as well as the features you want to add to your listing. For example, to make your listing stand out with a ‘bold’ or ‘highlight’ feature, you’ll pay more.
The eBay Final Value Fee is a percentage that eBay gets after your auction is over and a sale was made. It is based on the final selling value of your item. You will probably hear many people complaining about these fees within the eBay structure. Some people complain that they spend hundreds of dollars a month in fees. While that may seem like a lot, it really is not considering that they are making several thousand dollars a month.
Some people wonder about other auction sites that have cheaper fees or even allow sellers to list items for free. While this is true, the main advantage of eBay is that there are many more customers who know about the eBay website. Also, eBay spends millions of dollars advertising their site to bring more people in. The more people eBay brings to the website, the more customers you have and the better chance you’ll have to sell your items at a profit.
So when you start out learning how to sell on eBay you want to make sure that you are aware what everything is going to cost you. And instead of waiting until eBay sends you an invoice for the fees that you owe them, you should keep track auction-by-auction or week-by-week. This way, you are never faced with a huge bill from eBay if something with auctions goes wrong a few weeks down the road.
Jesse Holmes is an eBay PowerSeller and Entrepreneur who has been for more than 3 years. Before you start selling on eBay, don’t miss his excellent free eBay Business Start Up Kit, showing you step by step how to .
Maybe you’ve seen the other sellers on eBay and wonder where they get their merchandise. It’s easy to see who is selling stuff from around the house, but where do the other sellers get their products? Do they have a secret source?
Apart from the stuff lying around the house and the garage, many eBay sellers go to yard sales and thrift stores to find items to sell. What they do is look for items that are cheap or marked down below their actual value. Thrift stores especially can be a great place to find brand new clothing with the tags still on.
Let’s say you’re an eBay seller that finds a brand name shirt at a thrift store. The manufacturer’s tag says it is worth $30, but the thrift store is selling it for $3. When you add on listing fees of a couple dollars, then you’ve spent about $5. Perhaps you could sell that same shirt on eBay for $20. In the end, you’ve made a $15 profit, and your buyer has saved $10 from the marked price.
To sell stuff on eBay this way will take a little skill and time on the part of the seller. You of course will have to have an eye for the things that sell and the things that don’t. The best thing to do is to research, research, and then research some more. After enough research you will be able to find an incredible amount of stuff to sell. You might also want to consider hitting all of the yard sells in your area in order to sell stuff on eBay.
You’ve noticed that purchasing product to sell on eBay isn’t free. It can cost a bit of money to get started, just as it would be with any business. However, the investment is very much worth it.
Jesse Holmes is an eBay PowerSeller and Entrepreneur who has been for more than 3 years. Before you start to sell on eBay, you need to check out his excellent free eBay Business Start Up Kit, showing you step by step how to .
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Many people want to work from the comfort of their own home. However, very few people know how to do it successfully. But the key factor to success in a home-based eBay business is to dedicate the proper amount of time and energy into it. You need to absorb all the information you can about selling on eBay. Once your eBay business is up and running, it can be very rewarding. However, getting it to that point can be very challenging.
A common mistake that new eBay sellers make when they are learning how to sell on eBay is that they jump in without knowing what they are doing. This can be a costly mistake, especially since you need to pay eBay fees for the items you put on eBay. While on some auctions the fees may be less than a dollar, these fees can add up quickly.
When you’re running an eBay business, you will need to spend a lot of time and attention on it to make it grow. There is a lot to learn. However, if you don’t take the time to learn, this can be another costly mistake. If you’re trying to support yourself or your household with your eBay business, make sure you avoid taking this risk.
You have to make sure that you are dedicating a certain amount of time every week to researching the site and previous successful sales of other people. While you do not have to know everything inside and out before you begin posting auctions, you want to make sure that you are at least clear on the basic understanding of the whole structure. And once you begin posting auctions you are going to want to make sure that you are still researching, reading, and watching everything that you can. The more you learn the more money you will make.
The best solution is to get a mentor that can personally teach you how to sell on eBay. They will help you avoid the pitfalls of many beginners. One of these pitfalls is pretending that you know it all. If a change happens right under your nose and you’re not aware of it, it can be a costly mistake. Be aware of what’s going on and you should be fine. Learning is not hard, but it does take a significant amount of time and learning before you’ll get the hang of it.
Jesse Holmes is an eBay PowerSeller who has been for more than 3 years. Before you start selling on eBay, make sure you check out his excellent free eBay Business Start Up Kit, showing you step by step how to .
So what is eBay anyway? You probably already have some idea of what eBay is, but let me elaborate a little further.
One way to look at eBay is to imagine a worldwide newspaper full of classified ads listing products and services for sale. Or perhaps a “For Sale” bulletin board that millions of people can see. Of course, eBay charges sellers to put an ad up, but the exposure to the millions of worldwide buyers is worth it.
Also, anyone can put almost anything for sale on eBay. You’ve probably heard the ridiculous news stories of items that you’d never expect to sell. Like a grilled cheese sandwich with the (supposed) image of the Virgin Mary that sold for $28,000.
However, not every seller is “out to lunch.” With over 276 million users on eBay, there will be some oddballs, but the majority are average hard-working people just like you or I.
These millions of users are part of the eBay “community.” When you have registered on eBay, you’ll deal with other users directly. Any purchase you make are between you and the other seller. All transactions happen one-on-one, just like it would in a marketplace in a town square. eBay is just the venue where the buyers and sellers meet. One on one, they haggle over the price and then complete the transaction.
When you first get started on eBay you might start to get overwhelmed. After all, there are 3.6 million listings added every day and you might wonder how you’ll get noticed. Don’t worry, it gets easier with experience. In time, you can learn the tricks of the trade to get noticed and .
The key is to find someone who has already been there and ask if they can show you the ropes. Find a seller who has been selling on eBay for many months or years. Look at their feedback and see if they are providing a good customer experience.
You can also look for an Education Specialist trained by eBay. These people have taken a special course to be able to teach beginning eBayers how to get started on eBay. They will be glad to help you get started.
It doesn’t matter whether you’re young or old. The great thing about eBay is that anyone can get started no matter who what their level of experience. You can get started even if you know nothing about computers or e-commerce. Everyone starts at the same place, with 0 feedback and no experience. You can learn how to sell on eBay. With time and experience, you’ll become a successful eBay seller.
Jesse Holmes is an eBay PowerSeller and Entrepreneur who has been for more than 3 years. Before you start selling on eBay, don’t miss his excellent free eBay Business Start Up Kit, showing you step by step how to .
It doesn’t matter if you’re a beginner, intermediate, or advanced eBay seller. All levels of experience must follow three basic product sourcing models to sell on eBay.
The first product sourcing model is to sell the products of those around you in your community. You can become an eBay Trading Assistant to do this, which means that you help other people sell on eBay and charge a commission to do it.
Second, you can sell many one of a kind or unique items. For example, maybe you specialize in selling antiques. Every item is unique, and every item needs new pictures and descriptions. If you choose this product sourcing model, there are a few benefits. One of these benefits is that you’ll hopefully get to sell to a group of people who can’t wait to see what you’ll list next. You can really build a following of people naturally and easily. For example, let’s say you sold Native American hand-carved figurines. If you had a following of people who collected these, they would be waiting on the edge of their seats to see what you’ll list next. There’s excitement and anticipation there.
One of the disadvantages of selling one-of-a-kind items is that it is more time consuming than some other methods of listing items. For example, you’ll never be able to take advantage of buying multiple quantities. You’ll need to become really efficient at listing products, because that’s where you can get bogged down. You’ll juggle your time between finding the products to sell and actually listing the products that you’ve found.
The third model is the model that I’ve found works the best. This model is to buy inventory in bulk quantities. Why do I (and thousands of other successful powersellers) choose this model? Well, it means that you save tons of time in creating the listings. You take the pictures, write the description and title, and then once you’re done the one listing, you’re done! However many items you have in stock are now available for purchase. No more taking pictures or re-doing the descriptions and titles. You can set it and forget it because you’ll get paid multiple times for the work you do once. You make one listing and sell hundreds of that one product. One of the disadvantages to this model is that the competition is strong, and that’s because the model is so popular. Yet if you learn the strategies of eBay success, you’ll hold your own and make money on eBay.
Jesse Holmes is an eBay PowerSeller who has been for over 3 years. Before you start selling on eBay, make sure you check out his excellent free eBay Business Start Up Kit, showing you step by step how to .
By far the most popular question I hear from entrepreneurs stating to sell on eBay is “what do I sell?” That is a question that if you can properly answer, you’ll have success on eBay. What’s my answer? I’ll tell you in a minute. First, I need to explain why it’s so easy to get stuck here. (Don’t worry, I’ve been there too.)
The main reason why this is such a roadblock is because eBay is a product-centered business. You need to have something to sell or you won’t be in business. You need to buy product at low cost and sell higher. It’s a simple model, and you’re probably saying “yeah, I know that.” Listen for just a minute.
Someone who gets stuck here is the same type of person who might get stuck figuring out which stock to buy in the stock market. It’s the same model, right? Buy a stock low, sell it high. Buy inventory low, sell it for more on eBay.
Think about what makes a really successful stock trader. They can see which stocks are going to go up. They look at what the market is doing right now, they look at what the price of the stock is, and they make the call.
A good stock trader will be someone who doesn’t just focus on one stock. Instead, they focus on the principles of how to buy a good stock. They look for the winning qualities. They then filter through the many options to find those winners. Well it works the same way with finding products to sell on eBay. You need to educate yourself. You need to figure out what the market is doing. Then you need to be able to make the call when the situation demands it.
So what’s the key ingredient to find product to sell on eBay? It’s all about having the proper mindset. By training yourself to see opportunities, you’ll be prepared for them when they arrive. There are literally products all around you to sell on eBay. It’s just getting yourself in the proper business mindset to see the opportunities, and training yourself to be able to recognize a winner when you see one. We call this “the Seller’s Mindset” which means you’re always looking for things to sell on eBay.
Maybe you’re still wondering what to sell.
If you’re brand new to eBay, my recommendation is that you begin to sell stuff that you don’t need. There’s probably an area of your house that is too cluttered, whether it’s the attic, a closet, or the basement. Instead of having a yard sale, see if you can sell it on eBay. You’ll build your feedback ratings and be well on your way to becoming a better eBay entrepreneur.
Jesse Holmes is an eBay PowerSeller who has been for more than 3 years. Before you start to sell on eBay, don’t miss his excellent free eBay Business Start Up Kit, showing you step by step how to .
Looking to sell on eBay? Does the $60 billion dollar marketplace catch your eye and make you want to slice out a piece for yourself? I don’t blame you, but where are you going to find product to sell?
That’s likely the most common question that comes up for new eBay sellers. You’ve gotta have something to sell. No products, no sales. No sales, no business, right?
Many people get stuck here, but it doesn’t have to be hard.
Once you figure out what you , you need to understand that are many manufacturers looking to sell those products. Let’s call it WidgetX.
Perhaps you can find WidgetX in online stores, retail stores, or catalogs. No matter where you can buy it today, you don’t want to start at the retail end of the supply chain. The higher up you are on the supply chain, the better prices you are going to get. If the top of the supply chain is the manufacturer, that is where the best prices are going to be.
Getting a hold of the manufacturer and finding their authorized wholesalers is what you need to do. Aside from a direct phone call, the best way to get a hold of the manufacturer is to go to a trade show. Trade shows are the best place for retailers and manufacturers to get together, and are perfect for you to make some deals for your eBay business.
First, determine which industry creates your product and then the trade show that is involved. Selling consumer electronics? Check out the Consumer Electronics Show. Selling garden supplies? Check out a gardening trade show.
If you don’t have the proper papers you might have a hard time getting into a trade show. You need to make sure your eBay business is registered and that have the proper forms filled out with your government. You need to be able to show at the door that you are a real business, and if you can’t they might turn you away.
However, there’s a veritable gold mine of suppliers once you’re inside. There will be new product ideas all around you. Be sure to grab some business cards, talk to suppliers, and network like crazy. Once you build some supplier relationships you’ll have an endless supply of products to sell on eBay.
Jesse Holmes is an eBay PowerSeller and Entrepreneur who has been for over 3 years. Before you start to sell on eBay, you need to check out his excellent free eBay Business Start Up Kit, showing you step by step how to .