Category: 
May 26, 2010Also curious on what are some of the best products to sell and what the average profit margin is per item?
Tip 1: Many eBay sellers accept PayPal, also an eBay company, as a way for buyers to quickly pay for their auction purchase. Payments are done immediately and are deposited directly into the seller’s PayPal account
. It’s very important to make sure a buyer’s address is confirmed, which is a method PayPal uses to verify the identity of the customer, before shipping an order. In addition, sellers should purchase tracking numbers whenever possible so that they may confirm delivery of an item.
Tip 2: If you have a refund policy, make certain that your terms are clearly noted in the auction description. Consider the conditions under which you will accept a return, how long the buyer has to return an item, whether or not you are willing to refund the original shipping price and who will be responsible for the return shipping. Do not leave anything open to interpretation because it’s very important to describe your refund policy in a clear and concise manner. If you do not accept returns, it’s helpful to note this in order to avoid confusion.
Tip 3: The most important part of an auction is the description. Describe your item clearly and in detail. If it’s new, let your buyers know. The description should contain everything from the condition of the item to the cost of shipping, payment methods that you accept and payment due dates.
Tip 4: When possible, include a color photo of the item you are selling. On eBay, the first photo that you include is free of charge. Buyers generally want to see the item they are considering, so avoid the ’sight unseen’ scenario if possible. If you do not have a digital camera or scanner, purchase a disposable camera at your local supermarket.
Tip 5: Always be polite and respectful to your customers. It’s extremely important to keep the lines of communication flowing. If possible, notify your buyers immediately when they win your auction and answer any questions throughout the process.
Tip 6: Sellers should consider the best listing options for their product. Unless you are selling a very expensive item, avoid the higher priced listing upgrades. Keep in mind that, if a bidder wins and fails to follow through with payment, sellers can request a final value fee credit. However, sellers will be stuck paying for the listing fee – even if the bidder doesn’t honor their bid.
Tip 7: Show appreciation to your customers. If possible, include a free gift with every purchase. Whether it’s a small picture calendar or other gesture, buyers will love the added surprise.
Tip 8: After the transaction is complete, buyers and sellers should always exchange feedback for one another. Everyone loves to increase their reputation and build trust within the auction community.
Horaayy..there are 3 comment(s) for me so far ;)
Nothing is impossible but it is very unlikely. You would be competing with others using the same drop shippers for the same products. That means your main way to compete would be price so your margin would have to be as low as everybody else. That’s not a good situation. Plus you will be paying eBay a commission on every sale. Having your own website would be better if you can get enough traffic. There are books that explain ways to increase your sites visibility.
Either way, probably the best way to succeed is to make your offering unique. A way to do that is to bundle several related items into a package with one price. That is especially effective if you have access to one or more drop shippers who are not widely distributed. That way you can let the uniqueness of their product carry the sale of a couple other items at the same time.
Another way to be unique is in your marketing. If you have a ton of ball bearings and you advertise them to manufacturers for use in products, that’s one way to sell them. If you advertise them to sporting goods buyers as ammo for slingshots, thats a different way.
I think it’s possible to generate double or triple $40K but it requires a knack for finding products and a real flair for marketing them. You have to see their marketplace and you have to be able to communicate the product’s value in that market.
References :
Tip 1: Many eBay sellers accept PayPal, also an eBay company, as a way for buyers to quickly pay for their auction purchase. Payments are done immediately and are deposited directly into the seller’s PayPal account
. It’s very important to make sure a buyer’s address is confirmed, which is a method PayPal uses to verify the identity of the customer, before shipping an order. In addition, sellers should purchase tracking numbers whenever possible so that they may confirm delivery of an item.
Tip 2: If you have a refund policy, make certain that your terms are clearly noted in the auction description. Consider the conditions under which you will accept a return, how long the buyer has to return an item, whether or not you are willing to refund the original shipping price and who will be responsible for the return shipping. Do not leave anything open to interpretation because it’s very important to describe your refund policy in a clear and concise manner. If you do not accept returns, it’s helpful to note this in order to avoid confusion.
Tip 3: The most important part of an auction is the description. Describe your item clearly and in detail. If it’s new, let your buyers know. The description should contain everything from the condition of the item to the cost of shipping, payment methods that you accept and payment due dates.
Tip 4: When possible, include a color photo of the item you are selling. On eBay, the first photo that you include is free of charge. Buyers generally want to see the item they are considering, so avoid the ’sight unseen’ scenario if possible. If you do not have a digital camera or scanner, purchase a disposable camera at your local supermarket.
Tip 5: Always be polite and respectful to your customers. It’s extremely important to keep the lines of communication flowing. If possible, notify your buyers immediately when they win your auction and answer any questions throughout the process.
Tip 6: Sellers should consider the best listing options for their product. Unless you are selling a very expensive item, avoid the higher priced listing upgrades. Keep in mind that, if a bidder wins and fails to follow through with payment, sellers can request a final value fee credit. However, sellers will be stuck paying for the listing fee – even if the bidder doesn’t honor their bid.
Tip 7: Show appreciation to your customers. If possible, include a free gift with every purchase. Whether it’s a small picture calendar or other gesture, buyers will love the added surprise.
Tip 8: After the transaction is complete, buyers and sellers should always exchange feedback for one another. Everyone loves to increase their reputation and build trust within the auction community.
References :
No.. it isnt realistic.
Ebay has become a buyer’s paradise and people dont make serious profit there any more.
All those late-nite infomercials you see are a crock of hooey..
References :
11+ Yr Ebay PowerSeller