Tuesday, May 19, 2009

A few things to help you make money on eBay


So you’re looking to make money on eBay or make even more money on eBay than you are now? There are a few simple things that a lot of people will over look even after running their eBay business for a while. But if you ignore these eBay selling principles for too long, it will catch up with you.


Know what the items you want to sell or are selling are being sold for by others, how many are selling each day, what times of day they are selling, if they are new or used items that are selling, max sell price out there, minimum sell price out there, shipping charges for item sold, auction titles, auction photos and auction descriptions.


You need to be intimate with your market so that you can provide the best price, shipping and service possible. If you are not keeping up with the market you won’t sell a thing.

Maybe a seller comes in and takes your market by storm. You do not want to be taking a show in the dark. You need to know everything that you can know about the competition. And if you can do everything a little better than everyone else, you may close more sales and maybe even at a little higher price.

Test and repeat, test and repeat: Have an item that has a great description, great photos but no one is looking at it? Try a better title or maybe a different starting price. Getting a lot of page views but not selling your items? Maybe your description is not as good as some of your competitors? Maybe they give more complete shipping or warranty information. Are others using a subtitle? Can you save a few cents and still sell without one? It is a process of trial and error. You just need to be aware that you should be doing this as a part of your business to help maximize your sales and your profits.

There can be new competitors or eBay can change the rules themselves. Some things that work today may not work tomorrow. Well don’t! A lot of people make a full time living on eBay and you can too.

You just have to be prepared to face the challenges and realize that this is a business and you will face business problems.

So there you have it.

These are just some of the most important things you need to be doing to have a successful eBay business.

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