Secret (1)
The very first thing to do is to go on eBay and read all of the learning tools that is offered (That will help you to become familiar with eBay rules and regulations.) When you have studied eBay and analyzed, it is time for you to open up an eBay account and a Pay Pal account. (Your Pay Pal account is necessary because you need a way to get paid and Pay Pal is preferred and respected by most eBay users.
Get yourself a camera and take pictures of the item(s) that you want to sell on eBay. (You should find something in your house that you no longer want, but make sure it is in good condition.) List below the average price that your competitors list theirs for. I have a list of my favorite trusted wholesalers that I purchase my products from.
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Secret (2)
Feedback: Feedback is very important on eBay, therefore you should never take it for granted and always be serious about it. You need to get a feedback record on eBay to show your potential customers that you are honest and caring to their needs. The good news is that it is easy to do. This is how you achieve that.
First, you should sell something you no longer want, as mentioned earlier, it would be best if you sell it below, it will have a better opportunity at getting, so just keep in mind that this is mainly to establish positive feedback.
Second, go out and purchase an item from the store and once again list it below the average price. (Be careful not to spend too much because your objective is to gain a trail as a seller.) If you want an item that is guaranteed you sell, you can purchase used video games or popular DVD’s. Those items sell quickly because they are very popular eBay items. However, do not make these your main items to sell because you will break even or loose money. Also make sure that you send a friendly reminder to your customer(s) to leave you feedback. Be honest with them and explain to them that you are trying to build up your reputation. 9 out of 10 times they will understand. Also make sure that you leave them nice feedback. Remember communication is very important. Through your customers’ whole buying experience, keep them informed and happy. It will pay off.
Third, you can also receive feedback by making purchases yourself. (This is the easiest plus my favorite way to get positive feedback.) You can purchase cheap baseball cards on eBay for prices between 50 cents to $5. Depending on what you want after your purchase is complete, ask the seller to leave you feedback. 99.9% of the time, they will leave you. (The good news is that sellers can only leave good feedback for their customers. The buyers can leave positive neutral on negative feedback.)
Secret (3)
After you have accomplished getting your feedback, it is time for you to get to the fun and exciting part: Making money! If you want, you can start off with a few items or you can open up an eBay store. Always purchase the cheapest store to start off with.
The best advice is to find out what a large group of buyers like. (Be careful not to purchase wholesale items on what you like alone on what you think that others may want. That can lead you to purchasing unnecessary and unsold items.) Search eBay for the hottest trends and see how often and how many people purchase the item before deciding to purchase the item wholesale.
Secret (4)
Seasons and holidays are also a major factor to observe. Halloween, Christmas, winter, summer, and Mother’s day are always a popular time to sell on eBay. As a hint of caution, make sure that you do not over purchase items for these seasons because they might not sell out. Always purchase just enough or less just to be on the safe side.
Secret (5)
If you want to make more money on eBay, sell your items in lots. For example, sell a purse with sunglasses. Or children clothes with matching accessories. Children books (4 to 5 books in one lot), his and her matching items, etc. You can find red tag or close out items at your favorite store (Just factor in the shopping costs and your profit.) This is giving you some experience with wholesale selling which can be profitable. I have a full list of my favorite trusted wholesalers on my website that I purchase my products from.