16 Wonderful New Reasons to Making Money with eBay
How To Make More Money Online: Ways to Make Extra Money Even With a Full-Time Job Selling on eBay - Complete Guide
Here are some information on
how to get started.
your eBay account
If you want to start
selling things on eBay, then all you need to get started is to visit
the homepage of eBay. When you are there, you will see two buttons,
one that reads "register" and the other that reads
"sign in". You have to click on the register button to reach
the registration page of eBay.
Now all you have to
do is fill in the appropriate information such as your name, email,
and address as requested on the "Welcome to Registration"
The next step you
have to do is choose a log-in ID along with a password for yourself.
Now you have to know that your log-in ID is also your username so if
you want to use your eBay account for business purposes, then you have
to pick a name that is in line with what you do and sell.
You will need to
provide the password you have chosen twice. Write down your username
and password in a place you can easily get access to when required.
They will also
require a secret question so that whenever you lose your log in
information, all you need to do is get in touch with the customer
service of eBay and then they will verify the answer to the secret
question before sending you the log-in details.
Lastly, you need to
check the box that confirms your agreement to eBay policies and you
your eBay store
After you have
completed the registration, then you have to log-in to your account
and click on the "myeBay" tab on the right hand corner of
your screen. From there you can easily go through the prompts. There
are so many options to choose from when setting up an eBay store - a
$15 account is good for a new seller. Included in this fee is a free
one month access to the selling manager feature, and then you will
have to pay an added $5 for it from the second month on. Even if you
make an incorrect selection you can always change it later, so no need
to be afraid.
Next, you have to
choose the layout, the categories and the motto of your store.
to Opening a PayPal Account
Users will always
look for security for the products they will buy on eBay. Accepting
PayPal will make things much easier for you and the buyers, PayPal
offers Buyer Protection Program for users of eBay. This will ensure
the buyers that their payment is safe and they can confidently buy or
bid the product.
up a business or personal PayPal account is a quick and easy process.
Here's what to do:
can start by going to PayPal's website and click the sign up button.
the next page you'll have to choose which type of account you'd like
to set up: Personal, Premier, or Business.
you decide to choose Personal or Premier you'll have to fill in your
Once your account is created you will need to link your bank account,
debit or credit card in order to be able to start sending money,
although you can receive money right away. If you choose to link your
bank account then PayPal will make two small deposits in your account
and require that you log back in and enter these numbers to verify
that you are the bank account owner.
what if you decide to open a Business account you'll have to take an
additional step of selecting your payment solution. PayPal gives you
so many payment solution options to choose from. If you're not sure
then you can choose the "I don't know" option and PayPal
will ask you some questions in order to recommend the best PayPal
payment solution for you.
PayPal business account is registered and you confirm your bank
account then you will be ready to start selling online.
your eBay niche?
Do you know that one
of the best ways to find profitable niche markets is to do complete
item searches on eBay? Now if you want to do a completed item search,
all you need to do is login to your account on eBay. Then find the
search bar, just after the search button you can click the
"Advanced Search" link. Once you check the "Completed
Items" box. You can search for some specific products or you can
easily browse by categories. I would suggest browsing by category
since we are searching for ideas. Now you have to note that items in
green are the items that sold and items in red are the items that
didn't sell. Try to look for some types of items that sold very well
within the category you have chosen. Think about what those items have
in common and then think about the groups of people who are interested
in those items.
Keyword analysis tool
is another tool that is very good in identifying niche markets. So
many people don't know that eBay gives a free keyword tool. To find it
logon to eBay and go to "My eBay" and then click on the
"Apps" tab. There is an application called Terapeak Keyword
Research. When using this tool you have to enter your item keywords
and it will show you the average amount for that keyword. The most
important aspect is that it will show you some related keywords and
the average for those as well. Now with this information you can
simply know which products are more sought after and needed on eBay.
With lots of determination and hard work you will find the eBay niche
that is just perfect for you.
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Hot Products to Sell
A very good way to
know what you want to sell is to find out what items are selling very
well on eBay. On the eBay home page, just put your pointer on the Sell
tab that you clicked on during the first step you will then see a drop
down box, click on "What's Hot". This will show you the
products that sell best on eBay. If you really want to leverage your
gain and you're also willing to spend a little money, go to http://www.terapeak.com.
Terapeak is a very
good resource that allows you research sellers, categories, and hot
selling products. This will be very helpful if you are really serious
about making money; when you research sellers you get the inside scope
on your competition, you will get an inside scope on sales that were
actually made over a specified period of time with category research,
also hot product research gives you the inside scope on what products
are in demand. Having this info has the potential to increase your
profit. Once you have known what you want to sell you need to List
You have to become
what you are looking for when listing your product. Always put
yourself in the buyer's shoes and think about what you would actually
be searching for if you were a shopper in eBay. There are three things
that are of major importance when creating your listing: Good
presentation, integrity and deliverability.
You want to show a
picture of your listing when presenting your product(s). If you really
need to take a snapshot of your product(s), make sure the lighting is
right and the background for the product accentuates the product and
doesn't take away from it. First impressions are everything.
Now you will like to
customize your listing by writing the description and giving it a
title. You have to make your title stand out by using keywords that
best describe your product(s). Never make stuff up in your
description; you have to always go to the point about what you have to
offer because people want the truth. Being truthful with your
customers goes a long way because it builds credibility and usually
has an impact on your eBay ratings.
After you have showed
your product(s) to your customer, customized your listing and made a
sale, it is very important that you are fast in getting your product
to your customer. If you are personally shipping your products
yourself it will be very good to get that product shipped right away.
Drop shipping services can help make this task very easy, but you have
to be aware that there are some benefits and disadvantages to drop
shipping so do your homework on your options before you make a
Your eBay Sales
below are some tips on how to analyze your eBay sales:
you have so many unsold items, you have to start doing some analysis
because calculating your sell-through rate (STR) is very important for
all sellers. STR is defined as the ratio of products/items put for
sale in a particular period divided by the number of those items which
actually sold. If you brought out ten products/items on Sunday and you
only sold four of them, your STR is 40 percent.
have to always calculate the average sale price (ASP) of the
products/items that sold. You can add up the sale price of all the
products that sold in a given period - it can be a day, a month, a
year, and so on. You don’t have to be disturbed about Insertion Fees
or Final Value Fees. You should only be concerned with the gross sale
price. You can always divide the total by the number sold. If you sold
five pairs of gloves for $15, $12, $9, $9, and $8, your total is $53,
and your ASP is $10.60.
calculating your STR and ASP, you have to ask yourself some simple
questions, like are some items impossible to sell? Will I sell more if
I included more photos or highlighted my sales?
also have to make note of the brand names, colors, and types of
products that have the most STR. Focus on building your inventory of
those products, and do not buy the ones with low STRs.
pay good attention to the STR not only for individual products but
also for the group in which you sell most regularly. It can be
difficult to analyze an entire group if you do not have software that
is special which does the work for you, but you can do a rough
approximation. You can start by counting the number of sales in a page
that is full of completed transactions in a category. Then calculate
how many of the sales prices are presented in green - these are the
ones that sold. The red ones are unsold items. Do many pages worth of
results, and count the number of sales to the number of transactions
completed. This is the sell-through rate.
By always analyzing
your eBay sales, you will always make good decisions in your business
so that you will be able to gain more in the long run.
shot your eBay Products
Do you know that your
eBay market, notwithstanding the products you are putting on sale, is
a visual market? Because all details of your auction pages have only
one task: to make your text, pages, headlines, colors and also your
product photos prompt interest and bids because descriptions with text
just do not have the same dramatic attraction photos have.
products carefully is the number one thing you have to do, taking note
of each mark or stain or some little details that you need to show the
real condition of your product. One important tip is to hand the
product to another person, family member or a friend, and ask them the
right amount they actually think the item would sell for.
What they suggest
doesn’t really matter because what actually matter, however, is how they look at it. Did they turn it around, up and down? Did they check
out the inside and look at the bottom? Did they play with a lid or
cover? Your prospective bidders will want to have a look at your item
in the same way, like they were in a shop and thinking about whether
or not to buy the item. You have to take your photos from the same
point of view.
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You can get a good
photographer to take clear and good photos of your products for sale.
You can simply upload your photos to your listings with eBay picture
services if you use a digital camera. Take your photos from various
positions. Take some very close. Don't ever be afraid to test. You can
also try some various angles because you will need a very clear,
straightforward shot of your item.
When using a digital
camera, you will need to resize your photos to suit eBay's size
restrictions for their auction photos. This method will require a
photo editor for resizing. You can easily find lots of them with a
Google search for free photo editors.
Another method that
you must keep in mind when taking photos for eBay is to make your
photos stand out as a single entity on your pages. That means that you
should take items photos alone and not putting it in a table full of
clutter that is not in relation to the item you are auctioning.
You also have to be
very careful with each photo background because most items normally
stand out on a background which is either white or black, while
colored backgrounds normally blend into the item being photographed or
normally need natural light for the photo shoot because the flash in
your camera may be too bright or too soft to do the job you need. So
natural light from a window or even a nearby lamp is always a better
choice. With digital cameras, you can take lots of photos as necessary
to get the perfect photo for your auctions.
shipping Business with eBay
Many sellers on eBay
normally get their products from wholesale drop shippers. This is very
understandable because drop
shipping is so good and simple to do. Do you know that with a
dropshipper you do not need to buy any product before you can start
selling? If you can’t afford to make a big investment then this is a
good way to make lots of money. By following the tips given below, you
will be able to sell dropshipped products on eBay to make lots of
shipping companies let
you list their products on your own selling site, like eBay. Then
anytime you make a sale, the drop shipper delivers the products
straight to your customer. Your gain is the difference between the
price you sold the products and the shipping cost to the customer and
then minus the drop shipper's shipping charges and wholesale price.
The best thing about drop
shipping business is that you do not have to spend any money on
items / products, so there is actually no risk like you may not be
able to sell your products which can make you end up with dead stock.
Another thing that is amazing about it is that you can offer a whole
range of different products to your customers.
The disadvantage is
that you do not have any control over the kind of service your
customer will get. The drop shipper usually handles everything from
packaging to shipping. You will be blamed for poor packaging or for
any shipping delays. You could also get into some real trouble if the
drop shipper runs out of products without you knowing and you continue
selling items that they can no longer deliver.
In order for this not
to happen, you need to search for a drop shipping company that is
reliable. For example SaleHoo,
can give you a list of wholesale dropshippers that are reliable who
can always provide good customer service, quality products and low
prices. You also need to always be in constant communication with the
drop shipper so that you can be updated on the status of their stock
You must search for
manufacturers or master distributors when looking for a drop shipper,
who will accept to dropship their items. These are the suppliers who
will give you the best deals and the lowest prices. Make full use of
SaleHoo to find the best dropshipping companies because there is
another set of drop shippers called dropship warehouse companies who
are middlemen and won’t be able to give you the lowest prices. You
should always avoid them and instead do your best to find drop
Some suppliers will
ask you for a business name registration and a sales tax ID number.
These are very easy to get from your local county clerk. The fees will
vary from a few dollars to a couple of hundred dollars, depending on
the state. But, there are also many suppliers who do not need any of
Although most sellers
on eBay are only needed to fill out a registration form to legally put
products up for sale or auction, there are some other things to look
out for because you can only stay longer in the business if you follow
the rules and regulations. Knowing the right items to pay for to begin
is essential so that you avoid possible scams and unknown invisible
Do you know that you
also have a lot of tax responsibilities as an eBay business owner?
Personal income or self employment tax and sales tax will be needed on
retail sales. Almost all sellers on eBay are required to pay a certain
percentage of their current income to the United States government,
considered as income tax. Sales tax may also be asked from eBay
retailers who stay in particular localities and cities. You can check
the laws in your area, so that you can easily keep a portion of your
current gain for income tax payment or sales tax.
Your will also need
to insure your business and inventory because the value associated in
your business will definitely increase over time, this is the reason
you have to get insured to stay free from huge financial losses should
there be any sudden change or accident.
You can make lots of money on eBay by making it simple for potential buyers
to get answers to the most commonly asked questions.
You can include a
list of the most frequently asked questions and the answers to the
questions in your auction description. That step will normally result
in much less email to you, along with quality time to re-answer
questions that was asked by another bidder. This will also result in
more bids because potential buyers can see the answers to their
questions at once, and can then easily move onto bidding instead of
them waiting for you to email the answer later.
If a potential buyer
asks a question that is very unique, you have to take immediately
answer the question because the longer the time that is in between
asking of the question and you responding the less likely that there
will be a bid from that prospective buyer.
11...Write complete descriptions for your buyers in detail on eBay
bidders with the title of your auction, now you have to get them to
bid on your products by telling them why they should bid. What you
will actually be doing now is writing sales copy. You want to get them
happy about what you are offering.
You have to start off
with a headline and a sub-headline. This very important but it is also
something that most eBay sellers fail to do, using a headline to start
their description. A good headline normally creates a problem that the
reader can easily identify with and also stress the main benefit of
your product in solving that very problem. It should also bring about
excitement and a desire to learn more about your product.
Now after the
headline, you can present your product with an overview. The overview
make people know the value of what you are offering and shows them why
it's a great solution to the problem you introduced in your headline.
Then you can describe your product in detail. You want to add all
required details of your item, such as brand, make and model,
condition, warranty, packaging details and any other information that
may be needed. Tell any interesting features about the product that
make it stand out, what you can do with the product, and so on. All
this will help shown the value of the product.
After describing the
features of the product/item, you can then translate these features
into benefits. A feature is an attribute of an item while a benefit
usually solves a problem for its owner. So in other words, benefits
answer "What's in it for me?" for the buyer. It answers the
reason they should bid on or buy your product.
It's a very important
thing to show your credibility in the eyes of prospective bidders.
There are lots of different ways you can easily accomplished this. If
you are saying that you are an expert, you will have to back up
everything that you say with details of your qualifications,
experience or awards in your chosen category or industry. You can
easily do this by putting a link to your About Me page or My World
Page where details about your background can be included. Always be
very honest when describing your items and don't ever leave out
anything. Your credibility will boost greatly if you are up front
about any defects. Also use testimonials from people who have bought
from you before by using your eBay feedback. And lastly you have to
use proper spelling and grammar. If you present a poor image with bad
grammar, people won't be encouraged to bid on your item.
Make use of so many
good images for your item because the more the better. Always make
sure you use good lighting and be very certain the images are clear.
This especially true for high value items. It is a good idea to
acquire some good lighting equipment and a good quality digital
camera. The picture don't have to be professional quality, but they
need to show as much of the product as possible. If you are having
items drop shipped for you, ask the supplier to provide you with
several pictures of the item to use in your description. Or you can
order one item as a sample and use it in your pictures.
It's also important
to give clear terms and conditions. List your terms and conditions
such as payment options, bidding and shipping restrictions, shipping
and handling fees, taxes and duty, warranty and refund policy,
feedback guidelines, contact information, and delivery details
state when you will ship the item).
Add a strong
guarantee. Offering a money back guarantee is a proven marketing
technique that is an excellent way to increase bids and sales. It may
be tempting to place a time limit on your guarantee, but these
guarantees don't carry much weight. It is far better to not include a
time limit because it will send a strong message that encourages more
bids and sales. If someone has had an item for more than 30 days they
are not likely to suddenly turn around and send it back. If someone
does send it back, it's usually because they have a genuine problem
with the item and it's only right they get a refund. Some might be
returned, but they will not even count due to the extra sales that you
will get with your guarantee.
You can also create a
sense of urgency to encourage immediate bids. Auctions are urgent by
their very nature but it's a good idea to create a sense of urgency in
your auction. One way to do this is to repeat the benefits of your
item. If your item is no longer being made or is hard to find,
emphasize its rarity and the fact this might be the last chance to buy
Now that you've
written your description and offered a guarantee, you now need to ask
for the sale. You've convinced the buyer they want the item and you
need to ask for the sale. It doesn't need to be long, just compelling.
You can restate the benefits of the item and ask for the bid.
and PayPal fees
eBay is use to sell
products on a regular basis by so many businesses and people. Most
full-time sellers already know that selling any products on eBay comes
at a price! It is also very important for even the part time seller to
know the true costs of selling an item on eBay because those who do
not know are often amazed over the PayPal cost, eBay insertion fee,
and eBay final value fee.
fees for selling on eBay
PayPal works very
closely with eBay to give room to both buyers and sellers in simple
online transactions; but, they are not free to use! You will always be
required to pay PayPal 2.9 percent and 30 cents per transaction each
time any sales are made. It does not really matter to them if your
item is being sold for 99 cents or 1,000 dollars, it just works the
same! PayPal charges a fixed amount for all exchange of money.
Now to be very clear,
this 2.9 percent and 30 cents on each transaction is taken from the
final value of the product being sold, including the shipping too. For
instance, if you were to be selling a product for 100 dollars and
charge 15 dollars in shipping, you will be charged 2.9 percent of 115
dollars plus 30 cents on top. In this experiment, your total PayPal
fee would be 3 dollars and 64 cents.
14...eBay insertion fee
Any time a product is
listed to be sold on eBay, a charge could be incurred; it all depends
on the way you list the products! But at a time if you were to begin
your listing at any price as an auction, your first 50 listings have
no insertion fee. But once you go over that amount, then you will be
charged an insertion fee, although it depends on the price you begin
with for your auction. Now, this amount ranges between 10 cents and 2
What if you were
going to list your product as a "Buy it now" or fixed-price
listing, you will be charged a rate of 50 cents flat, and it does not
really matter where you decide to start your listing price.
Also in addition, you
have to be very careful with the number of eBay "upgrades"
you choose for each listing. If you were to have your title bold, then
you can have your listing duration increased to 10 days, use a
subtitle, and so many other add-ons and you will be charged small
increases to your insertion fee.
15...eBay final value fee
The percentage of the
total selling price plus shipping fee is the eBay final value fee.
This is often the most costly portion of the 3 eBay fee types, so you
must be very careful and not forget this one!
The final value fee
of eBay is determined by whether you list your item as an auction or
"Buy it now" price. If you choose an auction-style listing,
you will only be charged a flat 9 percent fee with a total charge that
is not more than 250 dollars. But if you list your item at a fixed
"Buy it now" price instead, your fee will be based on the
category of product you are listing. Categories such as (1)
electronics (2) clothing, shoes, and accessories (3) books, DVDs,
movies, music, and video games; (4) and all other categories. So your
total final value fee will be determined by what you have chosen to
16...eBay fee advice
Some regular eBayers
must know the eBay fees so well that they hardly need to refer to them
on the website of eBay. It's always advisable to use an eBay fee
calculator to get a quick and accurate fee estimate. You also need to
be able to "eyeball" a product and easily run the numbers in
your head. Most times, if you take 10 percent as a rough estimate for
all listings, you will be very fast in guessing at the fees. This is
called the "10 Percent Rule," which let sellers to easily
get a rough estimate of the exact amount all the eBay and PayPal fees
will be for any item sold. In so many cases, you'll only be a
percentage point or two up or down in your estimate!
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