Wednesday, August 6, 2008

How to make a fortune out of selling on ebay

1. Select your items wisely. For instance, if you are planning to put up some old magazines for sale, the cover plays an important role in deciding sales of such publications. So do emphasise that, and include a photo of your product on the website. Products with photos sell better than those without one.

2. Take note of cyclical demand: For instance, try to find out from college students about the texts they are using for their classes. If they could not find the stipulated texts for their core modules in local bookstores due to limited stock, they would most probably try to find them online. That is when you can start to grab hold of the opportunity to make a clean profit.

3. The key thing is to establish a reputation for yourself of been a credible and responsible seller and always make an attempt to deliver what you promise. Do not exaggerate features of the product you are carrying so as to avoid disappointing the buyer. If you are able to sell quality products on ebay, people would keep coming back to buy from you and it is likely to generate business for you through word-of-mouth.

4. If you are new to ebay, start by selling to those near you, that is, cater directly to a local clientele before branching out to a global audience. This is likely to help you cut down on shipping costs and increase your profit margin. Find out what appeals to local shoppers so as to make it easier to match your products to their tastes.

5. Market your product on your own blog or website. Include a link to the page of your product on ebay.

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