With over 138 million users and 18 million sellers, eBay is among the most popular and famous online marketplaces. Therefore, due to the massive number of sellers, there is quite a competition, which might make it hard for beginners to gain influence and sell well.
Hence, to sell successfully and expand your online business with eBay, irrespective of the competition, you need to develop a suitable strategy and master some skills and processes that can generate traffic for your business on eBay and build your reputation.
Now, how do you start? And what does it take to start? This article will give you step by step guide on what to do and how to make your online business hit top rated on eBay, including some strategies you can apply.
This is the first fundamental step that you have to take. You need to know the products that you can sell on eBay. eBay is a platform that sells a catalog of products like mobile phones, household utensils, beauty and health products, and so on.
Hence, you can use eBay explore to find more products, especially trending ones. Also, you can use Terapeak, an eBay tool, to check for details on sales of products and to know exceptionally profitable product categories.
However, you need to take note of the following to have a maximum gain on eBay.
If you have identified a customer's need and your product can solve that need, customers will keep patronizing your product.
A low-competition product has few sellers. Hence you have a greater chance of selling your product, especially if you are a beginner. Furthermore, ensure that your product is under a profitable niche yet with low competition.
Selling a single product will restrict your income. For example, you can decide to sell mobile phones alongside their accessories like portable pouches and chargers. Thus, a customer who does not need a phone but a phone charger can still buy from you.
Also, you can sell different shades and sizes of a product to meet the demand of several customers. This ensures you satisfy the needs of various customers and makes you stand out amongst other competitors.
Finding a good supplier on Alibaba is extremely vital. You will require the services of a wholesaler for the supply of products in small quantities and a manufacturing company for larger product quantities.
Having said that what are the standard requirements of suppliers on Alibaba that you should look out for
You should follow the steps below to open an eBay account.
If you want to sell at a small scale, choose a personal account. However, if you want to sell large quantities of your product frequently, open a business account.
After choosing your desired account, you must fill in basic information such as your first name, last name, email, etc.
Your user ID, the name of your eBay account, needs to capture what you sell so that customers can easily identify you.
You use eBay's automatic payment method to pay for eBay selling fees, insertion fees, or listing fees which are eBay's presale fees and final value fees (eBay's charges after sales).
To set up, tap on Account settings, Business Information, and financial information in this orderly fashion. Then, you can select the payment option you want. However, you can use several payment methods except those that are not allowed on eBay, like PayPal and others.
Also, read and carefully observe eBay's selling policies so that eBay will not have a reason to suspend your account.
Your eBay store requires a profile picture that depicts what you sell and an eBay description to tell users what you have to offer.
Your store policies deal with payments, shipping, and return processes. Hence, you have to fill in details that will regulate these processes.
Customers will only buy your product if they see it. Hence, listing your product provides information and visibility to that product. Listing your product for sales entails
However, there are more ways to increase your eBay sales quickly.
Furthermore, you can start your product listing process by logging into your account and clicking on ‘sell.’ After, follow these processes:
After listing your products, as an eBay lister you have to supervise the bids that your products have attracted, check buyers' views, promptly answer buyers' questions, and quickly complete sale transactions.
Always check your email to receive updates from eBay. Also, check your eBay account constantly so you can quickly attend to your buyers' needs.
Proper management of your eBay listings will
If you have an account, but it got suspended, you can open an eBay stealth account. An eBay stealth account is not linked to your previous account. It contains different details on your name, address, and other information.
However, if you find opening a stealth eBay account stressful, you can buy a stealth account.
As a seller, you can easily make a highly profitable business, connect with your potential customers and build a strong reputation on eBay. However, to achieve all these, you need to conduct thorough research and embark on a step by step strategies as mentioned in this article.
Moreover, you can also check some successful businesses on eBay to modify and enhance your success.