eBay.com offers unique ecommerce transactions and it is handling both c2c and b2c models. It is most popular website to buy and sell second hand items. Such items range from household products to digital products.
You can sell books, cars, used furniture and everything you want to sell. But handicrafts and hand made items give highest sales on eBay.
eBay has two simple models to transact a sale. One is online auction and other is just buying from the listed products. We are digging deep in this blogpost to provide complete information regarding this amazing marketplace. So, stick your eyes and focus on us.
How does eBay works
- A seller lists items on eBay and chooses whether to sell them at fixed price or to accept bids on them.
- In an auction-type listing, the bidding opens at a price the seller specifies and remains on eBay for a certain number of days.
- In an auction-type listing, the bidding opens at a price the seller specifies and remains on eBay for a certain number of days.
- Buyers then place bids on the item. When the bidding time ends, the buyer with the highest bid wins.
- In a fixed price listing, the first buyer willing to pay the sellers price gets the item.
In fact, eBay does not offer any logistics support or services. Whenever a seller receives an order, he packs it and sends it to the buyer.
Is eBay a business or self-employment
eBay is a business and it is not a self-employment. Business lists their products. Seller can divert traffic from social media to its shop by marketing. Affiliate marketing and Pinterest are an affordable way to get more sales.
Which Skills are required for eBay store
There is no need of any specialized skill. To work on internet is quite easy. Following core skills are necessary for eBay business.
- Product hunting & listing
- Description optimization (Product SEO)
- Digital marketing
Skilled and experienced virtual assistants are available on freelance marketplaces. Just hire an assistant and then start your business.
Which resources are required for eBay shop
To start selling:
- First need to create an eBay account
- Second a PayPal account or Payoneer account or bank account.
- In last at a minimum 250 $ USD
After that, you need to list your product for which you’ll need some product pictures and write an appealing description.
Even if you are a beginner, you can all the above tasks within a day or two.
For it, drop shipping is a business model. Sellers use it. Therefore, they don’t keep any inventory. When buyer places an order, seller purchases it somewhere else and sends it to buyer. Simple is that.
And 250$ is for arranging stock. When your business goes smoothly, you can maintain inventory in your warehouse.
Pro tips for business on eBay
- Customer Feedback: Feedback is necessary for success on eBay. If you are new and your account does not have any feedback, then get some feedback before your start selling. If your account has 0 feedback then no one’s is going to buy anything from you. It’s recommended that you should sell at least 10-15 items with free shipping.
- Start smartly with small initial investment – Most of the resellers buy a bulk wholesale stock of any particular product then sell it at a retail price. If you don’t have money to buy a wholesale stock then find out unwanted items present in your house which are in good condition and make a list of them. Take 10 minutes to Google your item and uncover its true market value on eBay and another bunch of e-commerce sites. This will help you to sell right items more competitively because you’ll have the knowledge of our item’s market and its pricing strategies. Also, dig out relevant targeted keywords which will help people to find your items via Google search engine.
- Eye catching title – Title is the single most important factor for grabbing the attention of your potential buyer. Make sure your title is appealing, complete and you’ve included targeted keywords. You don’t have to be a tech wizard for this. Just ask yourself, what would a potential buyer for this item type into the search box?
- Write optimized description – Fill out all the fields in your listing, and make sure your textual description is providing all the information that your potential buyer might look for. Most of the lazy sellers ignore this and fail badly at selling anything on eBay.
- Upload product pictures – Upload only high-quality pictures. Ensure that item’s picture are new, clear (not blurry) and cover the product from all angles. Also, don’t restrict yourselves to 2-3 pictures upload at least 6 pictures.
- Timing – Most of the expert sellers use 10-day listing starting on Thursday, you should use it too, it will give you two full weekends of eyeballs. You’ll usually receive the highest traffic on weekends.
In which countries eBay is available
eBay is available in US, UK, whole Europe, Canada, Australia, New Zeeland India, China, Hongkong, Korea, Malaysia, Singapore, Indonesia etc.
eBay is not available in these countries
But eBay is not available in these countries: Cuba, Iran, Pakistan, North Korea, Syria, Crimea region of Ukraine, Don’t worry if you are from these countries.
You can still earn. Contact a person living in enabled countries to create eBay account and he will give you access via child account. You can’t sell directly while using main account from ineligible countries.
Bottom Line
eBay is one of the unique ecommerce marketplace where you can each and every type of product whether it is physical or digital. For success, you need consistency and proper time. In order to save time, hire a virtual assistant.
