RESELL ITEMS ON eBay
WHAT IS EBAY?
eBay is the most popular website for selling and buying of goods online. Here, individuals and businessman can buy or sell anything. They can buy or sell new items or second hand items, from books and cloths to cars to almost anything.
SKILLS REQUIRED:-
You should have an experience of reselling items on eBay so that you can make maximum profit by reselling the item. You should have business savvy mind.
It is suitable for people who are self-motivated and know how to do mouth to mouth publicity, how to promote your product through online and offline ways.
HOW EBAY WORKS:-
- If you want to sell an item then first list that item on eBay, you can list anything from antiques to mobile phones, books, sporting goods etc.
- You can choose whether to sell the item at a fixed price or accept only bids( auction type listings).
- Now how bidding works: In an auction type listing, 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 items. When the listing ends, the buyer with the highest bid wins.
- In fixed price listing, the buyer pays the specified cost to the seller.
POINTS TO BE REMEMBERED:-
- If you are completely new to eBay and you don’t have any feedback on your account then getting some feedback before starting to sell anything is a good practice.
Why to have a feedback?
Now days people are very wary of buying stuff online, so if your account has zero feedback then no one’s is going to buy anything from you.
It’s recommended that you must have 15-20 feedbacks on your account before selling anything.
Now how to get feedback?
- The simplest way to get a feedback is to buy 10-15 items worth 0.99$ with free shipping.
- Many sellers leave positive feedback to you when you will make payment.
- According to the world’s richest man Jeff Besos, you should always start with small and slowly develop that and make it large. Here also you have to do the same thing.
Most of the eBay resellers buy a wholesale stock of any particular product then sell it on eBay at a retail price. But many of us don’t have that much capital initially or we don’t have that much amount of money to buy bulk of products in one go. So, find some unwanted items present in your house which are in good condition and make a list of them.
- Now you have a list of item you want to sell, but first research about the market. You must ensure that there is a market for the items you want to sell.
- Search and uncover the true market value on eBay and another bunch of e-commerce sites.
This will help you to sell your item more competitively because you will have the knowledge of your item’s market and its pricing strategies. Dig out some relevant keywords which will help people to find your items via google.
- Now you have to craft the title. Title is the single most important factor for grabbing audience’s attention. Make sure your title is appealing, complete and you have included targeted keywords.
- After crafting the title, you have to write item’s description. Make sure your textual description is providing all the information that your potential buyer might look for.
- After mentioning the description, upload a item’s picture. Always upload a high quality and ensure that item’s picture is clear not blurry and it must cover the product from all angles.
- Upload atleast 6 pictures.
- Now most important of all- TIMING. Most of the expert sellers use 10-day listing which starts from Thursday. It will give you two full weekends and you will receive the highest traffic on weekends.
HOW TO MONETIZE:-
Now comes the most important part, how to earn money by reselling items on eBay.
Monetization is very simple, more the orders placed more money you make. Always focus on your item delivery and quality, these two factors influence your user feedback which directly affects your order placement.
All your transactions are handled securely by eBay so you don’t need to worry about any payment processing issue.