subject: Buying And Selling On E-bay [print this page] Summary: Do you have a penchant for selling? Would you like to earn money by buying and selling products? Buying and selling items on eBay can be profitable for any work at home individual.
Buying and Selling on e-Bay
Since 1998, eBay has been an online marketplace for millions of individuals. Buyers and Sellers alike grappled for the one thing they want most...a good deal. This is the single most important key to success in selling on e-Bay. But how do you achieve a great deal?
Step One
To begin your journey of negotiating business transactions on e-Bay, you must first open an account. Once you have established this step, it is time to move on to purchasing items for sale. Your main objective in finding bargains is to pay less than the price of what you want to sell. It is important to note not to be greedy in your pricing. Shoppers on e-Bay search for low prices. To gain customers you will need to price the merchandise moderately.
There are many great places to find a bargain. e-Bay has an e-market business called Half (dot) com. At this site, you can find cheap books, textbooks, music, movies, games, and gaming systems. If you are interested in selling books, check out your local library for their annual book sales. Libraries sale books to the public which are in excellent condition. Some libraries will provide the public with a bag and allow patrons to fill the bag with books for a flat fee. You can take these books and resell them for a profit.
Another idea is to lookout for sales at stores or even online. When you buy an item from the store on discount, you can then sell it on e-Bay for a price more than what you paid. People feel more comfortable in purchasing an item, which still has its sticker pricing still labeled.
You can also bid on an auction on e-Bay. It is possible to find an underpriced item on the site. If you can find one then you can then post it on e-Bay to re-sell it.
Step Two
When it comes to selling something on e-Bay, it is important to do your homework. You want to price your item right. A good rule of thumb is to locate the item you want to sell online in at least three different locations and jot down the price others are selling the item. Take the average of those prices and mark the price in half. This low opening bid will actually grow and generate multiple bidding because people think it is too good of a deal. If you are willing to accept the going rate for your item, and then use that price and list it as "Buy It Now." Also, throw in "Free" shipping. More people will buy from sellers with free shipping than not.
Step Three
Accept Paypal. PayPal is the simplest way to do business on eBay. PayPal enables you to accept online payments for your eBay items. Sellers must offer safe electronic payments to buyers on eBay, so go ahead and sign up for PayPal...it is free.
Conclusion
Selling on eBay can be a successful venture for any work at home individual. Knowing how to maximize yourself and your product will draw consumers to your bidding.
by: Scott Lindsay
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