Making Money on Ebay
Making money on Ebay is simple. It won't happen overnight, but if you're patient and persistent you'll get the results that others can only dream of. In this post, I will share with you my top tips for making a quick buck while selling on eBay and help you avoid some of the common pitfalls.
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Sell on Amazon.com: How to Sell on Amazon.com
Sell on Amazon.com: Build a Brand and Sell Products That People Actually Want to Buy
Sell on Ebay: How to Sell on Ebay Best Practices
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I'm a big believer in the power of using the right keywords. For example, think about the last time you searched for something in Google? Chances are, it wasn't very long ago. Make sure that you keyword research before you put up your listings because auction sites aren't going anywhere and people are still searching for different things than they did years ago.
You can get ideas for keywords by looking at past sales, especially if your item is a popular one. For example, if you sell a lot of Apple iTouchs on Ebay, it's safe to say that the search term "iTouch" is probably pretty good. It'll be good to have some search terms that aren't as common so that you can sell other things too. Another idea would be to look at the "related searches" section in Google to see what your competition is doing and also brainstorm some yourself. The more variety that you have the better chances you will have of selling an item.
Another tip to consider when selling is what the buyer will be able to do with your product. For instance, think about a lot of tools that you would have in your garage but that you rarely use. Now think about how much they are worth because in a few years they will probably no longer be in demand and just sit there gathering dust. Therefore, if the buyer has no use for it, it won't make very much money for him or her.
You want to sell items that are very practical in nature and that people will actually take the time to use. This will help you get the highest price for your item as possible. For instance, if you have a really good life hack that can cut your cooking time in half, chances are that your buyer is going to be happy to make use of it. If they don't, then they won't be willing to pay such a high price for it. So think about what can make an item practical so that people will want it enough to buy it at a higher price than if they don't need it at all.
A good rule of thumb would be to make sure that your product can solve a problem that the buyer is having. If they are not having the problem, then they will likely not be interested in the product. Another good way to test if people would use your amazing idea is by selling it for a smaller price and then decreasing it each time you sell one. If no one buys at any point, then chances are high that people don't need this particular item. For example, if you sell an item for $30 and after 80 sales increase it by $10. You'll know with certainty if people want this item or not.
Plus, if you do decide to try to sell an item that solves a problem for someone, you should also consider selling a gift card. You can set up your own website and sell the gift cards online yourself. This will allow you to create demand for them in advance and not have people coming back to buy from you after the sale is over with. Sometimes this is more effective than just selling it directly on auction sites themselves because people don't want to pay that much before they have tried it out at all. And sometimes it can really boost sales because if they haven't tried it out yet, chances are high that they're going to buy something else just after trying out your product in particular and liking it.
If you have a product that is useful, then I would personally do both. For example, if you have a useful item that people can buy, then offer it on your own website at a higher price with free shipping if the buyer orders $50 or more. Then you can sell them on Ebay while they're there and give away free shipping if they buy more than one thing. This will help to increase sales on your own site and make more money than just sticking with Ebay alone.
No matter what you sell, always make sure that it is something that people need and are going to use frequently so that you can charge as much money as possible for it. Many people have items lying around in their house that they don't really use and you can sell on Ebay to make some quick cash off of them. One idea that might be a good one would be to sell books on book swapping websites. You can use sites like Swap.com and ExtremelyEasy.com to get your books listed with the details of what the book is about, how many pages there are, and how many copies you want to sell it for. Then you'll need to ship out your books according to the details so that you don't run into any problems shipping them out.
Conclusion
It is also important to consider the entire marketplace that you're considering selling your product in. For example, if you are selling a product on Amazon, it's probably best to only sell other things that are sold on Amazon because many people are already there. For example, if you were selling a laptop just like another person was and they were selling a motorcycle as well as it being on Amazon, then the chances of them getting more sales would be much greater than you selling a laptop since many people would not be searching for the motorcycle.
It is also important to consider what type of buyer you think they will be when looking at your product.
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Making Money on Ebay