Recommended Affiliate Programs
EBay
Basics
By - Shannon Davidson
ABOUT EBAY: Founded
in September 1995, EBay (Nasdaq: EBAY) is The World's Online Marketplace® for
the sale of goods and services by a diverse community of individuals and small
businesses. Today, the EBay community includes more than a hundred million
registered members from around the world. People spend more time on EBay than
any other online site, making it the most popular shopping destination on the
Internet.
WHY SELL ON EBAY?
Generally people sell on EBay to supplement their income, liquidate an estate,
to rid of unwanted items from their collections, or use it in lieu of a yard
sale to sell things that they no longer want or need. Becoming even more common
are those sellers who purchase new products at wholesale prices and re-sell them
on EBay for a profit. You don't have to sell full-time on EBay though. You can
sell as many or as few items as you want. It's a great money making hobby. Keep
your day job and sell on EBay in the evenings and on the weekends.
The more work that
you put into selling on EBay, the more money you are typically going to make.
This is very appealing to many sellers. However, selling on EBay, like any other
business, can be hard work. A big motivation for those that end up selling on
EBay is the desire to own a business; to be their own boss. EBay is perfect for
starting a small sales business because of the low initial set-up costs - it's
low risk.
REGISTERING ON EBAY:
If you do not already have an account with EBay, you'll have register in order
to buy or sell on the EBay auction site. For buyers, all that EBay requires is
your name, address, e-mail and telephone number. For sellers, you'll also need
to provide credit card information. EBay uses a secure system to receive your
credit card number, so there is no risk that anyone can intercept your credit
card number. If buying on EBay, there will be no charge. If you sell on EBay,
your credit card will be automatically charged on a monthly basis for any
listing fees and commissions.
EBAY/AUCTION PRICING:
Most items sold on EBay are sold for between $5 and $50. Partly because there
are just more items that happen to fall into that range of values, and partly
because most buyers are comfortable spending that amount on an Internet auction.
EBAY/AUCTION
DESCRIPTIONS: Writing a thorough and accurate item description can be a big
challenge for sellers, especially new ones, when creating an auction listing.
Search other listings similar to yours and create and produce an informative,
professional description of the item(s) you are selling. What is the secret to
making money on EBay? Attract as many bids as possible and bring back repeat
customers!
How do you attract
bids and bring back repeat customers? Establish credibility, present your
auctions professionally, offer a guarantee, include a photograph of your item,
and maintain an exemplary feedback record. Always ensure your customers are
happy, and they always will be if you provide an accurate description.
Remember, when an
EBay buyer bids on one of your auctions they are not initiating a transaction
with a well-established company with a proven track record like an Amazon.com,
they are placing their trust in someone who could very easily no longer be in
business tomorrow. The only thing that the buyer has available to them to assess
the legitimacy of your auction is your EBay feedback record and the quality of
your EBay auction listing. The goal of your EBay auction should be to
differentiate your auction from the others by convincing bidders that what
you're selling is legitimate, and that when paid, you'll quickly deliver the
product in excellent condition.
Once you are
comfortable with your EBay business, you can incorporate that business with a
retail business by starting your own website and web presence.
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About the Author:
Shannon Davidson
www.officesetting.com Shannon has been performing virtual assistance for over
13 years. She provides administrative and technical services such as
transcription, data entry, logo design, web creation, and many other services to
businesses and individuals. Shannon is also a freelance writer and provides
articles and research information to businesses and individuals.
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