How To Get Started on eBay is a newsletter publication for entrepreneurs seeking to succeed on eBay.
Hope you benefit from reading.
Thank you.
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Today's issue contains:
A. Urgent Newsflash!
B. Featured Article: "How to get Started on
EBAY"
Brought to you by:
Kingsley Siribour - Editor
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A. Urgent Newsflash!
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Before You Read Any Further, You're Going To Want To
Check This Out - It's Definitely Going On My "Top 10"
List. eBay Tips For Dummies is YOUR BID for success with online auctions! --
(U.S. Only. Though I personally think they are NUTS for offering it FREE.)
Let
Me Know What You Think:
Click Here to Get Your Free Copy Now!
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B. How to get Started on EBAY
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EBAY is a 70 billion dollar a year industry giant. The really
interesting situation is that they are dependent on
entrepreneurs, like you, to make that business figure grow. In
2005, the number of people making money from working on
EBAY
increased by 68%. Over 724,000 million people either make a full
time or a supplemental income from working
EBAY. And another 1.5
million say that EBAY gives them additional income throughout the
year. EBAY, Inc. 2005 offers these figures.
What is interesting is that there are many ways to get started
working EBAY for an extra income. The main thing is to get a
plan and work the plan. Gather up some income products from
around your home, your relatives, garage sales, thrift stores,
salvation army, big lots, consignment shops, etc. Invest a set
amount, say $200. Make sure that you get items that are useful
or entertaining and that provide a quick turn over. The way to
do that is to think about your own buying habits. Would you
purchase this item if you saw it advertised, does it appeal to a
mass market, is it a niche product people might be willing to
purchase? What you want are items that you can pick up for very
little money and that you can put up on EBAY for a small price
and, thereby, create an immediate cash flow. At first, you will
want to return almost all your profits back into purchasing some
more items to sell. You will do this until you have a
comfortable amount of money invested in your business and then
you will have set up your own profit stream.
To get your items ready to market what you need to do is to take
a quality digital photo of the item from different angles. For
smaller items, you should use a whiteboard backdrop to get the
maximum amount of light with few reflections. For larger items,
outside shots work well, just have the sun behind your back when
taking the picture. You also need to write up a very good
description of your item and do not try to hide any
imperfections. Point out the usefulness and benefits as well. A
description that is fair and honest will result in much better
comments received in EBAY feedback. I will explain this more in a
later paragraph.
You can open a starting seller's EBAY store for just $15.95 a
month and have about five pages to sell your items. You also
receive a free month when you start your store, so you can get a
feel for how it all works. You will have to pay
EBAY for their
sale fees which amount to an insertion fee and a selling fee. I
will attempt to explain each in an example format.
The insertion fees differ based on the listing price, but for
example, you will pay a fee of $.60 for an item listed from
$10.00 to $24.99 and when that item sells, you will also pay
5.25% of the selling price. If that price is $24.99, then you
would pay $1.32, so it has a cost of $1.92 to sell this item.
Since you have several items to sell, you will want to know the
following qualifications. The insertion fee for multiple items,
dutch auctions, and fixed price items is based on the opening
value of your listed items. The opening value is the starting
price or fixed item price multiplied by the number of items you
list. The maximum insertion price from EBAY is $4.80.
The final value fee charged by EBAY is determined by taking the
multiple items or dutch auctions final value fee of the lowest
successful bid item and multiplying it by the number of items
sold. The final value fee charged by EBAY for a multiple value
fixed price listing is calculated on per item sold, based on the
final sale price of the item.
A EBAY Store is a very effective way to display your items, drive
traffic to a website, or to display a couple of your best items
in EBAY auctions and get people to visit your other items through
your store listing on your auction websites.
After you sell an item, you will be eligible for "feedback."
This is where the buyer makes comments about your service, your
responsiveness to email questions, and general comments about how
it was interact with you as a seller of EBAY items. You want this
to be 100% or as close as possible to it. If there is a dispute
on any item, you will try to work it out and make sure that the
buyer is satisfied within your own selling descriptions. You have
a right to have your terms met, but you also have to satisfy the
buyer as much as possible. You want return customers and you
want others that will check your feedback section to be sure to
find good comments about your service. This enables those who
have not conducted business with you to know your track record
and feel more confident that they will have a good buying
experience with your company or store. Another thing that
happens is that you should return the feedback to the buyers
account so that they also have the good notations on their
membership listing as a buyer. For instance, "buyer pays
promptly, buyer is easy to deal with, buyer is welcome back to
your store," etc.
If you have any qualms about listing or do not know how to list,
there are actually places you can take your
EBAY items and have
them do the marketing, listing, and selling for you. However, if
you really want to make this a good source of income, I suggest
learning to do the listings yourself and capitalize on more
profits. But the key thing is to GET STARTED.
EBAY will only continue to grow as more and more people make
money with them, so why not capitalize on this easy to do
program. Go where the people are looking to buy...that is
EBAY
right now!
-Kingsley Siribour
Editor, How To Get Started on Ebay
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