Guide To eBay Selling

When eBay launched in 1995, very few, if anyone, knew how this quiet online auction site would transform consumer-to-consumer business into the selling powerhouse it is today. From a simple auction site where sellers could offer the contents of their closets for sale, eBay has grown into the most successful and powerful model of e-business in the entire world.

The eBay auction site has grown rapidly into a marketplace that has big businesses competing with small, mom and pop sellers who don’t need a website or other costly processes to sell online. Beginning sellers can compete on a level playing field with the rest of the world. As exciting as that might sound, beginners do need to learn how to effectively sell their wares on eBay.

To start with, new sellers need to understand the eBay selling format. Think about the first three letters of the alphabet, ABC:

Auction:

This is where most new eBay sellers start using eBay. They usually sell their unwanted household items or family antiques to clean out their attics or closets. Since most household items offered for sale on eBay do not have specific values that can easily be verified, offering them at an auction is very popular with first-time sellers. That time-honored adage handed down from your grandfather, “One man’s junk is another man’s treasure, is still accurate.

Bidding:

When newcomers to eBay’s selling policies scan the auctions, it would be easy to be intimidated by the bidding processes and all the options eBay offers to enhance your sales. Don’t get lost in the eBay maze of strange requirements or confused by unfamiliar terms and acronyms. Before you put anything on eBay for auction, research the bidding prices for similar or identical articles offered, including their final sales price.

You can learn a lot by watching auctions before you put your items on eBay. Some useful gems you can learn include the days and times the most bids are entered, actual winning bid price and how the most popular auctions are presented to the bidders. Your research will become your private university of useful information.

One very valuable lesson you will learn is that the winning bidding price is the true market value of your items, or the price buyers are willing to pay for your goods. It has nothing to do with how you value the items you are putting up for auction.

Conventional Selling:

Since eBay is so popular and actually the world’s largest flea market, offline business owners have flocked to the auction trading site and have increased their market to include international markets they never considered before. eBay has addressed the expansion needs of offline businesses with their fixed price selling options. This option eliminated the need for a website, but opened the small business owner’s market to buyers everywhere. All that you need for this fixed price selling is a listing in the correct category, very clear photos of your products and your fixed price. eBay does charge a percentage of your sales price for the service, normally around 1.5{393ebaf02afba9605e68591534e43a59f3aa01dace0b2762fc92c9344924401e}, but that could change at any time.

You would be well advised to check the current fees and requirements before doing anything on eBay. With some good research you can truly create a good income with eBay.

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