Friday, February 22, 2008

Introduction to eBay


eBay where people make millions can be your breadwinner too …..

I will guide you to start your own business on eBay. Minimum start-up costs. Without any technical knowledge or Internet business experience.

There are some unbelievable stories about people who made millions selling extraordinary items on eBay!

How strange? Check this out:

A piece of gum chewed by Britney Spears:

SOLD -- $263

10-year-old grilled cheese sandwich:

SOLD -- $28,000


In addition to this, there's actually something even more amazing that happens on eBay and it's going on every single day! You can get the best buy or sell price for your desired product.

On eBay it is not important to sell a Turbine worth millions of dollars to make money. There are people who get rich by selling small items like picture frames, women’s shoes, used DVDs and portable camping showers. eBay provide a life time opportunity to start your own business. You can make money by selling stock, liquidation merchandise, returned or damaged items... just about anything that you CAN'T sell through your retail location!

To make money on eBay, you don't need ANY experience in website designing, don't need to know anything about HTML and don't even need to spend a single penny to list your first auction!


eBay is a dream come true for anyone who's interested in making money online because:


  • For buying purpose, everyday more than 2 Million people visit eBay.
  • A single eBay member spends average of 2 hour shopping on eBay.
  • People spend a bulk amount of money on eBay.
  • Everyday thousand of new member join eBay.


Deciding what to sell on eBay?


For a seller it is difficult to decide what to sell or how to get started. As a new seller you need to gain some selling experience on eBay before moving on to bulk or bigger selling. In this situation please follow these steps:

  • You can start from used goods, old books, cloth items, used sporting goods.
  • Sell those items you know something about.
  • Sell items in bulk. Defiantly you will make some extra money then selling them individually
  • Sell something different and unique.
  • Sell those items which fall in category of eBay’s best selling items.


Top tips for eBay sellers

Selling on eBay is unique experience, which is different in many ways from traditional business. Here are some top quality tips for eBay sellers to succeed selling on eBay:

1) Stunning headlines and good auction description

Your product title must be attractive then the competitors, to attract bidders. A great headline would contain two key elements: "Key words" that are searchable, and "emotional words" designed to attract attention. Once you catch the attention of buyer with your headline, you need to sell your item with item description.


3) Good quality photo

Good quality photo of your product will help to increase the sale of your item. While you uploading the photo make sure that photo should be clear, and show the product as completely as possible.


4) Accepting credit card

Accepting credit card can increase your sale over 500%. PayPal is good option to accept your payment through credit card. PayPal offers no set-up fee and transaction costs are 2.2% or less.


5) Understand your costs

Before selling any item on eBay it is important to understand all the costs involved. For listing your item on eBay you have to pay “listing fee” .Except this there is selling fee, fee to process billpoint, PayPal or credit card sale, fee for auction management service and at last shipping fee. All these costs must be considered while putting a price for your item


6) Feedback

Feedback is the comment or rating left by eBay member with whom you buy or sell your product. Good communication between buyer and seller leads to better feedback. This helps a lot in setting your credibility on eBay. While you are building your feedback rating, sometimes you just have to swallow hard and be extra diplomatic.


Also, see our detailed description of eBay selling (Hyperlink to How to sell page)


Tips for saving your money on shipping


Before shipping your item to buyer, pack it properly to prevent it from any type of damage. Shipping include following costs:


Shipping materials


Shipping materials are used to pack the items. Shipping materials consist of boxes, newsprint or tissue, Styrofoam peanuts, bubble pack and tape. For free shipping and packing materials you can visit your local gift shop electronic good shop, hardware shop or drug store.


Shipping amount


If, you have large no of eBay buyers, you can negotiate shipping charges with service providers like UPS, FedEx and FedEx Ground. Call the companies and ask what their quantity points are to get a discount.


Time


Time is valuable. Less shipping time will increase the interest of buyer to do business with you. Permanent area of shipping saves your time. Invest in tape guns, paper rolls and so on to save your valuable time.

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