Monthly Archives: April 2011

Ebay ~ What have you sold/bought lately?

Image representing eBay as depicted in CrunchBase

Image via CrunchBase

I absolutely love Ebay!  I’ve been an Ebay seller for the past 6 years and have loved it so much. I started selling stuff around my house, mostly cds.  I then found out that there is a huge market on Ebay with so much potential. So, from there I grew my business. I now focus on clothing and beauty products.  It’s been an amazing journey.

If you haven’t tried selling on Ebay I think  you should. If you don’t have time for it, find an Ebay seller in your area that could do consignment selling for you.  A lot of my business focuses on helping other people sell their stuff too.  Many people don’t have the time, energy or ability to sell for themselves so there is a large opportunity to help these people sell without them having to put much effort into it.  You just have to be careful, expectations are tricky and you want to be experienced as a seller before helping someone else sell their stuff. Ebay is a tricky market, you gotta know how to play the market to get the largest profit.

If you want to try selling for yourself, electronics are a great place to start.  Also anything that worth $50-100 is good to sell so you can set up trust with your buyers. It’s also easier for expectations to be met when the item is of a higher value, a very weird rule that plays out on Ebay.  I guess people looking for bargains are more likely to complain.

When you do try listing, there are things you need to keep in mind:

1 – The buyer is #1 on Ebay, they always are. Ebay wants to keep the buyers happy, and you should strive for that too. If you made a mistake, own up to it. The buyer will understand and you’ll be surprised how nice some will be about a problem.  Always strive for constant and quick communication!

2 – Pictures and item descriptions are everything! More information is better than none.  Provide every bit of information you can, but also try to excite the buyer.  Your words make the sell, the pictures show the item.  Make it so people can imagine what the item will look like in their home or around their neck.  If they can envision the product as part of them, they are more likely to buy.

3 – Ship fast and ship cheap! Buyers know what shipping costs, online buyers are much more savvy than they used to be.  Specify exact or close to exact shipping costs when listing.  Ebay provides incentives if you offer free shipping, but I don’t know how cost-effective it is, that depends on what you’re selling.  Ship within 2 days of receiving payment, if not the next day. Buyers are sure to be excited by your speed and quality of service.

4 – Don’t get discouraged. It took me 6 years to build my Ebay store and I’m still learning.  It’s an ever-changing market with many things you can’t plan for.  Stay on your course and you’ll see awesome results though. Once you have built up your reputation, the sales will increase as will the prices.

I hope that helps!  Please feel free to share your experience and comments about Ebay.  It’s my life and I invite you into it!