What is eBay?
eBay is the world’s online marketplace;a place for buyers and sellers to come together and trade almost anything. Also you can make extra money by selling on eBay guide.
A seller lists an item on eBay, most anything from antiques to cars, books to sporting goods. The seller chooses to accept only bids for the item (an auction-type listing) or to offer the Buy It Now option, which allows buyers to purchase the item right away at a fixed price.
In an online auction, the bidding opens at a price the seller specifies and remains on eBay for a certain number of days. Buyers then place bids on the item. When the listing ends, the buyer with the highest bid wins. In a Buy It Now listing, the first buyer willing to pay the seller’s price gets the item.
EBay works exactly like an electronic “flea market” with these advantages:
eBay sellers pay a small flat fee plus a 1.5% percentage fee to eBay in order to market their wares.
Why selling on eBay?
-Starting a business on eBay is easy and quick
-You don’t require large investment
-Anybody can start an eBay business, no special skill is required
-You can sell virtually anything.
-With your eBay business, you can have flexible work time
-You have a ready-made market of over 150 million persons.
eBay is different from a regular flea market for these reasons:
It’s international marketplace.
Sales can either be auction format (competitions between bidders), or traditional fixed price format. The sellers choose whichever format they prefer;
The buyers and sellers will likely never meet in person;
Full-time staff is employed to enforce safety and fairness of selling;
An honesty incentive model called “positive feedback” is used to motivate buyers and sellers to trade with integrity;
Professional third parties payment services, like Paypal.
eBay is easier to use than a flea market.
How to start selling on eBay?
1- You need to create an account on eBay, it’s free, go to www.eBay.com
2- You need to accept payment online, the best and the most familiar way is open PayPal account, it’s free, go to www.paypal.com
3- Before you start selling on eBay you need to know what to sell, and you need important tips to help in this business please read carefully.
Find What to Sell on eBay
Because people can sell everything on eBay, choosing the best items to sell on eBay is not easy but if you are a new seller you should start by selling used goods, small appliances, wedding gifts you never use, old books, used sporting goods, clothing items, anything you have and you do not use, we always buy many items we think that we need them and after we buy them we discover that we do not need them, why not to resell them again. That will give you a good experience to success in selling on eBay.
Sell items in bulk (clothing, electronics, video discs, or anything available for you) separate them into categories and sell them as a lot. You will often make more money than selling them individually.
When you get enough experience try to focus on big prices items that will make you more money, search eBay for good selling expensive times, figure the prices, and then search for places where you can buy these items with better prices to sell them on eBay.
The list of the best selling items on eBay will be useful for you:
Nutritional Sex Enhancers
Cell Phone Boosters Pheromone scents
Glass chess sets
Expensive watches and jewelry
Used toys in good condition
New and used clothing for children and plus-sized clothing for women
Software (including closed-out or last year’s software programs and games)
Tools (power and hand tools)
Perfume (including perfume samples and opened expensive perfumes that are at least over one-half full)
Perfume bottles (some with or without perfume)
Religious books and Bibles (Bibles are always a perennial seller)
Non-fiction books on hobbies, sports, nautical subjects, history, military science, popular textbooks, and art & photography. Also, books containing maps and art prints that can be broken and sold individually.
Maps and old prints of ships, flowers, animals (horses and dogs are tops)
Used auto parts for specialty automobiles
Low mileage Japanese cars and pickups
Automotive models and car collectibles
Signed sports collectibles
Where to find items for resale?
Car Boot Sales/Table Top Sales
Second Hand Shops
Closing down Sales
Make Competitive product
Research eBay for similar products before you list a particular product, research other similar products on eBay and follow the bidding process that will help you to determine how much your product might be worth. The best way to set your price is to browse similar auctions. Use the “Completed Listings Only” search function to compare bidding patterns. Lower starting price will attract more bidders. And you don’t have to worry about people thinking your item must be flawed if your minimum is too low; many sellers use low minimums and rely on the market to establish a fair price.
Make Attractive product
Use Pictures. It’s very important and it worth 1000 words, people like to see things before they buy them. For successful eBay selling, make sure any products you list on eBay are accompanied by professional quality photographs.
Pay as much attention to the writing of your eBay listing as to your picture. For selling on eBay, you need a powerful eBay listing. And the trick to writing a strong eBay listing is to combine search engine friendly phrasing with concrete details about the product in a way that will entice people to bid on your product. Make sure no misspelled words, otherwise, your product seekers will not reach it when they search it.
Get Excellent Feedback
Focus on getting positive feedback first. Feedback really matters when you’re selling on eBay. If you have a consistent record of positive feedback, prospective buyers will both bid more often and be willing to pay higher prices. So you may want to hold back on placing higher priced products until you have a successful track record as an eBay seller established.
If you have a low star rating that means you’ve upset too many people and that will make many people not to buy your product, but if you have high start rating that will make people believe in your words and buy your product.
Accept PayPal It has been the eBay gold standard since 1998. It is better if you offer more payments options.
Do not accept personal checks. After shipping charges, bounced checks are the second most common source of problems on eBay. There’s absolutely no reason to accept personal checks. If your bidder needs to pay with his checking account, he can send an eCheck via PayPal. If your bidder needs to pay via mail, he can send a cashier’s check or money order.
Do not offer a return policy. If you clearly describe the item’s condition and post a photograph, there should be no reason for a return. Having a return policy will just act like an open door for abusers to walk through.
Offer free shipping if the sellers of the similar items in your category do that. You don’t want to be the only seller not offering free shipping; but if you think people will bid more on your item because you’ve promised free shipping, they won’t
Add the charge for shipping before anyone bids on your item. Figure out your cost. Remember that “shipping & handling” includes more than postage. Depending on what you’re selling, you may have to buy boxes, padded envelopes, packing peanuts, bubble wrap, packing tape, etc. You should also consider the time you’ll spend driving to the post office. Ship internationally if possible. You will attract more bidders and a higher price.