How to Make Money on eBay - Start by Avoiding These 5 Fatal Mistakes

103 8
Almost everybody's heard of eBay, if you haven't where have you been for the last 10 years? eBay is great for selling your old, unwanted stuff and it's been said that you can buy and sell almost anything on there.
However most people starting out on eBay are almost certainly destined to make the same mistakes which will ultimately hinder their earning potential.
If you're looking for the answer to how to make money on eBay these mistakes must certainly be avoided.
Underestimating eBay's fees This is a common problem especially for people selling low value items.
eBay sellers are all required to pay fees to list their items for sale on eBay.
You are charged two separate fees, a listing fee or insertion fee and a final value fee.
For the final value fee, you are charged a percentage of the price that your item sold for.
The insertion fee or listing fee is figured out a little bit differently.
Instead of being charged a percentage, you are charged a set amount.
eBay regularly changes their fees; therefore, you are urged to keep an eye on the profitability of selling your item.
Poor quality or insufficient images A picture paints a thousand words or so the saying goes and it's spot on.
The care and attention you put into taking good quality images of your product speaks volumes about you as a seller.
Many people use blurry, dark images and upload only 1 image.
There are ways of uploading many images for free.
Poor description If you went into a store to buy a TV and the sales person described the TV as being black with a mains lead coming out of it you wouldn't be very impressed and you certainly wouldn't buy the product.
Many beginners and veterans alike write plain, dull,unimaginative descriptions of their product and wonder why they attract little interest.
Look at your own description and ask yourself - 'Would I buy that?' 4.
Lack of contact with potential buyers When you list a popular item you will inevitably get a few potential buyers asking you questions about the item.
Some will ask if you have a 'Buy-It-Now' price, some will want to know if they can collect the item from you personally.
All of these people are potential buyers so you must get back to them promptly.
Many people ignore certain emails but this is a mistake.
Reputation is vital to your eBay success and must be protected closely.
Do what you say When you claim that you will post the product to the winning bidder in 2 business days, do it! When you claim you will use Recorded Delivery, use it! Many people fail to deliver on their promises after the sale has been made, usually this is unintentional but it must be avoided.
Your feedback score is paramount to your success on eBay and one bad transaction can seriously affect your potential customers trust.
Don't give them anything to worry about.
Keep your feedback score at 100%.
It is your most valuable selling asset.
Subscribe to our newsletter
You can unsubscribe at any time

Leave A Reply

Your email address will not be published.