If you are new to Ebay read – Ebay startup guide for beginner , step by step procedure from the scratch to sell on ebay.
Ebay is one of the biggest online selling website in the world ,which allows users to buy & sell goods across different countries. Ebay is also known of making people millionaire over night ,Due to its two main feature which make it very special .
Auction / bidding concept of selling – This is the feature which make it most interesting for seller to sell your goods. Ebay allow sellers different type of selling options in which auction type selling format is most popular. In this selling option , seller has to specify the minimum price on which he want to sell his product . and also he has to specify the end date of auction for his product. Now when buyer or purchaser view his product on ebay , he has only option to key in his bid amount & wait for the auction end date as mentioned by seller . In this period if some other buyer also like the same product , he will also place his bit amount , some what higher than previous bidder. The scenario continues till the auctionends. If a buyer had already placed his bid , he has also an option to bid again with higher rate to win the auction befor the end of auction. Once the auction ends The buyer will get an email that he win the auction & make the payment. Once payment is made by the purchaser , Ebay sends an email to the sellor that buyer had send the payment , please ship the product. During this period the money sent by the purchaser is not sent to sellor , but it is put on hold by ebay , until the purchaser recives the product , some times if the seller is new he had to wait for payment till purchaser , gives a positive feedback. Then the amount is transferred to the seller.
Buyers & sellers from several countries use ebay – This is the largest marketplace in the world in which buyer & seller from different country participate , hence results best price of a product. However other famous marketplace websites are limited to only 1 or few countries.
What kind of products Sells best on Ebay auction format?
Mostly those products which are found very rarely like antiques , art, paintings , old coins & paper money ,unique goods, home decors ,handicrafts, collectables , vintage products , etc which are mostly not available on other ecommerce websites neither in local marketplace .
What is the advantages & disadvantages of selling products on ebay in auction format ?
Advantages of Auction format – if your product is really antique or unique which is found very rare in this world then listing those type of products in auction format is very beneficial , it may sell on extremely high price which you might not been aware . ie – if bidders realize your item is really antique & unique there is a competition among the bidder to buy your item , ultimately you could get huge money . actually this happens every day on ebay with some people you may check the hot selling items category on ebay .
If you are lucky enough & try regularly defiantly it will happen with you one day, if you watch the hot selling items on ebay , you will notice that seller put is product starting biding price of $0.99 USD , but at the end of the auction it may sells on even $10000 USD.
Disadvantage of Auction format – If you put such a product in auction format which is available easily any where i.e on other websites or in local market , then people will prefer to buy it immediately from other sources, they may not wait for the time till auction ends & why should they pay more for the item which is available is less price somewhere else. Hence such a products can be listed in “ buy it now “ format which is best for that kind of products.
Why getting positive feedback is very much important for seller career on ebay?
This is simply because , when a buyer purchase an item on ebay , before making the payment he defiantly watch the feedback history of the seller, which the seller had received from the buyer in last 1 year. If he found more negative feedbacks on the seller profile , He would not make the payment. But if he found most positive feedback , then he realize that the seller is genuine & good & immediately make the payment & in future he wish to purchase from that seller.
What ebay does to protect buyers from fraud sellers ?
Most of the payments are done in advance on ebay via paypal , and paypal is owned by ebay . Hence when buyer make a payment on ebay via paypal then the amount is kept on pending status until the order is delivered to the purchaser & some time till the buyer gives a positive feed back , in some cases if the seller is new or if the selling record of seller is not good.
Is Ebay is the best way to make money without investment ?
Yes off course , because on ebay you can use drop shipment technique to get rid from investment . which means you need just to go to any local store, and only shoot the images of products which you like the most and ask the price of all those products and put it on ebay . when some one buy your item on ebay , you just need to go to that local store and purchase it from there & ship to the buyer of ebay .
This practice of making money could be more better if you chose some antique & unique items from local stores in your city & put it on auction format on ebay , which may sell on very high price & some time it could be a big turning point in your life.
Ebay startup guide for beginner , step by step procedure from the scratch on how to sell on ebay.
Step 1 . Seller Account Registration Process –
- Account creation – First of all open website – ebay.com or www.ebay.com.au or www.ebay.in or www.ebay.de depending upon your country , if you will open account in any website mentioned here , you will be allowed to sell worldwide in any country & currency .
On the top of ebay website you will find a option sign in or Register , click on register , now you will have two options to create account , either you choose a personal account or Business account depending upon your use , if you are planning to sell few items per month then go for personal account , but if you are willing to open a online ebay shop to sell lot of items monthly , then it is recommended to create a business account on your business name. Both the types can be used for selling as well as buying items on ebay.
Verification process – Now you need to verify your account by either your mobile phone or either by email or sometime both . for that ebay send a code on your phone which you need to enter on the website , or by email procedure they will send a link in your email , when you click that link automatically it will be verified.
Setting up payment &bank account details – Now you will be asked to choose a payment mode for your account depending upon your country . However Paypal is the most preferred mode for international payment , and let me tell you the Paypal is owned by Ebay itself. Hence I will suggest to go for paypal.
Step 2 .Create item Listing – Now you are ready to upload your items on ebay for selling , to begin login to your ebay account & click on link – sell. Now you will have two option create single listing or create multiple listings. Here I will suggest you that since you are new to ebay hence first use single listing mode for uploading your items , once you get familiar with them use multiple listing option .
Note : It is very important to keep the following points in mind while listing your item on ebay to be a successful seller on ebay.
Item title & description tips – Writing proper title for your each item is very important because , most of the buyer use ebay search box to search items. And different buyers may use different names for the same item . for example if you list an item by title – flower pot , but people may also search flower pot by its other name as well like – flower vase , decorative vase, flower stand etc , Hence I will suggest you to use all the related terms on your title while listing the product. Don’t use unnecessary words because you have limited words for writing your item title.
Description – Always write 100 % correct description of your item , because if you write a wrong or misleading description , then when some one buy your item if he found the item different as you had described on ebay , then he may return , or give negative feedback on your profile or he may report you as well . and try to write complete description of your product it is very helpful in ebay search results optimization & customer will consider your item seriously.
Selecting proper item Category – There are various buyers who love to buy products by visiting the item wise category rather than making a search in search box , hence I will suggest you to list your item in appropriate category , some times it also happens that your item is capable for being listed in more than one category , then I suggest you to keep your item in more than 1 category , for listing your item in several category ebay charges you very little fee , if possible do it.
Upload HD & Clear & multiple product image – Always upload minimum 3 photos of your each item which you are going to list on ebay. Shoot your product image from different angles & try to use clear & high definition image , so that the buyer can view the product properly. This also creates a good impression on purchaser mood
Create shipping, payment & return policy – This is just a formality , you will be asked to create a shipping policy , in which you just need to enter your shipping policy name & describe your extra shipping charges which you will charge to buyer , handling time , shipping zones , shipping time limits etc. Similarly they will ask to create one time payment policy , in which you just need to enter a payment policy name along with your description. & similarly return policy followed by a return policy name & in description write how long will you accept returns & your return conditions.
Selection of selling formats – Ebay offers sellers to sell in Auction format as well as in fixed price (buy it now) format. Hence before listing your item on ebay think it about very care fully that whether it is suitable for auction format or fixed price format. Because both have its own advantage , if you list your product in wrong selling format , it will result either your item will not sell or you will not be able to get high selling price .
If your product is antique , unique , extremely special , which is not available in local market or on other websites , or it is very rarely available then I would recommend you to list your product in Auction format , because in such cases there is huge possibility to get good bids for your item & it may sell on 10 – 30 times higher rates or some time it could be such a high rate that you cannot even imagine , you may become rich within a night. But if your product is available in market easily then list it under buy it now format because buyer can not wait for that item till the auction ends . if it is available in market or some other store they will purchase it from somewhere else . hence always use proper selling formats depending upon your item.
Submit your listing – Once you complete the above requirements of listing, key in your selling price , and shipping cost & submit for sale.
Step.3 – Uploading your Identity & Address proof – Once you list up to 10 items .Ebay will not allow any further item for listing until you upload a scanned copy of your Identity & address proof , in order to provide a save business environment on ebay market place . and some time it also ask you to fill up an agreement type form with your seal & signature and ask you to send them. Once you upload the scan copy of these documents’ , ebay staff will verify it within 3-4 working days and email you that now you are allowed to sell more items on ebay.
Step .4 – Details about Auction / bidding type selling format – If you choose your product to be sold in auction type selling format , then first of all you need to key in your minimum starting price of the item. And select the auction duration – i.e – 3 days , 7 days , 10 days .
Here is an additional option for the seller which , if they wish to use they can use –“ Minimum reserve price” In this option seller can set a reserve price above the starting price , above which , if he receives the bid , he will sell the item otherwise the bidder will get a message – Reserve not met , thene if bidder may bid high. Note this reserve price is not visible to the bidder. however if the seller if founds , his item will not getting sold till the last moment , he had an option to reduce the minimum reserve price.
Now when the auction ends , if your item got bid , then you will recive a message from ebay saying that , your item has been sold . now you have to wait for the payment from the buyer . if buyer doesn’t pay the amount within 12 hours , you send a payment request & invoice created on ebay .
Once you get confirmation from ebay that the buyer had made the payment, this means the buyer had send you the amount but the amount will be kept on hold by the ebay , since paypal is owned by ebay , and to ensure a safe business environment . ebay doesn’t send the seller that amount till the item is delivered to the buyer & sometime in case of a new buyer , the payment is released after positive feed back from the buyer .
So , always remember that receiving positive feedback from the buyer is very important if you are willing to be a successful Ebayer.
Fixed Price selling ( buy it now ) selling format – In this type of format the seller has to key in a fixed price of each items & additional shipping cost (if applicable) . In this case the buyer can pay & purchase the item .
Ebay as fulltime earning – yes , off course lot of people great earnings by selling on ebay & earn huge money , several people depends their full time living of ebay earnings . they use to open ebay store , which has much more customized selling options . for earning full time on ebay you must have to build good feedback history & track record , because buyers use to view previous feedback of the sellor before purchasing the item on ebay. Second thing is that you must have spent atleast 1 year of time on ebay , because you need to understand the market of ebay , that what sells best & hot on ebay.
Drop shipment Technique of selling – This is one of the best way of selling goods on ebay without any investment , In drop shipment , the seller collect images & its prices from the local stores or other online websites , and list them on ebay for sale at higher prices . once the item sold on ebay they buy that item from the source & ship to the buyer on ebay.
How to open a ebay store or shop – Ebay Shop is slightly different than a listing , If you open an ebay store you will have much better selling option as well as you can list more items on ebay . For opening an ebay store , you must have to fulfill some conditions of ebay like , you should be a seller on ebay for more than 90 days . you should have sold at least the item worth 1000 USD , you past 3 month selling’s should be more than certain fixed amount , which changes from time to time . and most importantly you should have a credit card linked in your ebay account.