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How to be a good seller on Ebay?
Urgh, all those Fees. I understand Ebay will be taking 9% of my sold Item with the Listing Fee and Paypal will be taking 2.9% + $0.30 transaction Fees.
For example, If I buy a Tablet for at $65.00 and wants to sell it for at $79.00 + $8.00 Shipping
Total is $87.00
But I already know that I wont be getting my profit due to all those fees and buying a mailing envelope to ship the goods.
So how do those sellers on Ebay get so successful and yet, some did not?
I tried to sell once. Sold it and I found out at last, I did not get any profit from the sale.
So with all this, it just seems more like, going to the local store is so much cheaper.
I know that those top sellers has good dropshippers and good suppliers that supply them very low prices. But How?
To be a good seller you have to follow the following Ebay selling tips :
1. Use quality product images.
2. Use a strong headline.
3. Give detailed description about the selling product.
4. Offer free shipping.
5. Offer a money-back guarantee.
I use websites like this one to calculate the ebay/paypal fees: www.newlifeauctions.com/calc.html. There's also an app for your phone to do this on the go.
I use the app all the time to see if there's a big enough profit margin to make money on an item. You can sometimes find things for $50 off the retail price, then sell them online for $20 off retail (so customers are still getting a deal), and then I walk away with $10-15.
The key is to do this in bulk. There are so many eBay sellers that the market is fairly saturated. You're not going to make a ton of money off any one listing, but selling a few items a day at a $5 profit margin really adds up! When you sell the item, focus on good communication and fast shipping (always provide a tracking number for your customer!).
Source(s)by ivannataco - 1 year ago
Selling on eBay is kind of an art. I'm by no means a power seller or anything of that sort, but eBay has kept me entertained for quite a few years now. I have sold quite a variety of products, mostly used supplies that I figured would be better off in someone else's hands than collecting dust in my home.
The best thing that you can do for your listing is to take the maximum amount of pictures allowable of your product (before the fees for extra slots begin to kick in). Make them good. Reveal exposing details of what you're trying to sell, and collect all angles, because there is nothing that boosts confidence in the buyer more than showing him exactly what he will be purchasing.
For example, I'm selling a laptop right now that has some great offers on it. I've taken pictures of the top with the power adapter, bottom, what the computer would look like if you were to sit in front of it with it switched on, and the dated screens showing the specs. Within 12 hours of posting the item, I have offers within 10% of my asking price, and the reason I haven't taken any of them yet is because I am waiting just a little bit longer to see if anyone will bite, even though I understand that there's a psychological tendency for buyers to low-ball off the listed price.
And that's another tricky part. Being able to price your items optimally takes a bit of practice if you're not used to utilizing the information available to you. But my rule of thumb is to typically compare to similar items of a similar quality on eBay, Amazon, half.com, etc. Think of any websites that could be selling what you're trying to post up, and make sure that you undercut by a reasonable amount. I think a good rule of thumb is that if you're looking for a quick sale, a 15% cut usually does the trick, especially if you are able to incorporate a cheaper shipping method than your competitors. I think this is much easier said than done, as I've sort of mentioned, pricing is kind of a balancing act. Your intuition of the eBay markets will become refined with more practice in just the art of selling.
A third strategy is to stuff as many crucial keywords into your title as humanly possible. For example, when I'm selling a collectible sports card, I include words such as TROPHY, PROMO, COLLECTOR'S, and RARE. I have had people purchase sports cards off of me without a precise intuition of what the valuables were worth; what made a $30 set different from an $800 set due to history and card condition. But aptly describing my products in the titles and in the body description, using bold letters and spacing in a strategic manner which indicates intelligent writing, have given me great success in the world of eBay.
Source(s)by Micheal - 1 year ago