subject: Guide To Making Money On Ebay - Ebay Demystified, [print this page] Learn How To Make Money On Ebay
Online auctions like Ebay are offer people the chance to work from home and earn some extra money. To help you succeed, here are some tips.
So you want to make lots of money on Ebay, do you know what to sell?. The most important of these is to always sell what you know about or what you enjoy selling The truth is, if you start selling something you don't really know much about, just because you think you can make lots of money, you will not really be able to put together a good listing or sell it for a good price.. Prepare a list of things you know and like, do some research on ebay and find out how popular these items are and what they have sold for. If your research is encouraging, try to find some suppliers you can buy some from, but don't go crazy and buy truck loads, you don't want to end up with a pile of stock that you can't sell.
Before spend loads of money buying stock, see what the competition in your category are doing, and what their strategies are. Keep an eye on any mistakes they have with their listings, by doing this you will be able to learn faster, avoid many mistakes and beat them at their own game.
Probably the most important key to making it on ebay is great customer service. Success is based on buyer feedback. Let's face it, if your customer service is crap, you won't do well on ebay, so make sure your feedback is great as this will determine how well you do on ebay. The only way to have great feedback is through great communication, great business practices and great overall customer service.
Pictures really are key. I never get used to seeing so many sellers throwing money down the drain by having listings with poor pictures; as most people are visual it makes sense to take the time to photograph your items properly, this small investment will benefit you greatly as it will enhance the quality of your listings and will mean you get higher bids.
If you have high shipping prices you will scare people away from auctions. Offer the lowest shipping prices that you can find, and consider paying for the shipping yourself if it won't affect your profits too much.
Automation is key: Once the money is coming in, invest in some software that can help make the listing process easier and faster, this will free up your time to focus on customer service or finding new products.
