How To Achieve Ebay Success By Using The System Effectively.
For more than 10 years, eBay has been connecting shoppers and sellers from around the world. This global marketplace allows people everywhere to get products they need and want at consumer-dictated prices.
EBay has always been a great way for people to make money, but there is even more opportunity to achieve eBay success now since you can take advantage of their classifieds and other advanced level selling tools. You just have to know how to use the system effectively so you don’t waste time and money.
Finding High Selling Products = EBay Success
You don’t have to produce your own crafts or go out shopping for your own products to achieve eBay success. Here are some of the most effective ways to find products that will sell big:
1. SaleHoo
SaleHoo is a wholesale company that operates a dropship program so you can sell over 8,000 of their products without having to purchase, store, or ship them yourself. You simply set up your SaleHoo account, choose products you want to sell, list them on eBay, and then send information about the sales once they are completed through your eBay account.
You don’t want to use the auction feature for these products because it won’t ensure a nice profit for you. Go with set priced listings and try to find products that will be in high demand and which you can increase the price on to collect more money for yourself.
2. Tradeshows
Every week there are tradeshows occurring all over the country. These shows are gold mines for eBay product because they host so many different wholesalers, product suppliers, and direct sources.
Look in magazines or on websites visited by people within specific industries to get word on upcoming tradeshows that may have product you would be interested in selling.
3. Digital or Informational Products
Digital products that are downloaded through the Internet are another option. You cannot sell these products through auctions on eBay, but you can sell them through the classified feature.
This doesn’t have to be complicated. You can get a lot of exposure and response just by copying your sales letter into a sales listing on eBay.
EBay Success Comes with Starting Your Very Own EBay Store
If you are serious about making money on eBay you will need to open up a storefront on the site. This way you have a set URL that can be marketed just like any other website for increased traffic and sales. You will also establish repeat business that won’t be as easy when just using auction listings.
EBay does offer some generic templates which can be used to design your storefront, but you are strongly urged to have a professional graphic template designed just for your store. Make sure it looks professional and that it infuses some personality on your business.
If you want to get away with the lowest cost possible, you can pay just $15.95 a month for a basic store account. If you are going to put up a lot of listings you may want to go with the more expensive premium account that reduces your insertion fees from $0.20 to $0.05 and which offers a free program to analyze your sales and make improvements.
Once you aquire eBay success you can opt for the top level membership, which is the Anchor account. This will cost you $299 a month and isn’t economical unless you are bringing in a substantial amount of profit each month.
Start out with the cheapest storefront membership and work your way up as you become more successful. Once you are listing 100 or more auctions every month and bringing in good profits you should consider moving up from the basic membership option.
Listing Strategies
What time of day and day of the week you put your listings up is very important. The majority of listings will receive 80% of their consumer views in the final hours just before the listing expires. This is because eBay by default lists search results for consumers according to the amount of time remaining on the listing. The auctions ending the soonest are displayed first with most recent postings last.
If you post your auctions and classified listings during eBay peak shopping times you can maximize the number of ending views and possibly get more bids. The biggest peak hours for eBay are as follows:
- 12PM to 2PM
- 6PM to 9PM
If you don’t always have the opportunity to put your listings up during these time-frames, you can create them whenever you have time then pay a small fee to have eBay put them up at a later time that you specify.
You should be monitoring your eBay success with listings put up at different times through the eBay storefront analytics. You can determine which listing formats and posting times are more effective and make changes accordingly.
You may be an eBay beginner right now, but Powerseller status could be right around the corner. Use Sky High Auctions to learn all the ropes and become a successful eBay seller in as little time as possible:
http://internetmarketingtools-101.com/go/shauctions
Sky High Auctions is a powerful video series that teaches you everything from selecting products and setting up your eBay store to creating effective ads and analyzing results.
EBay Success can be achieved by following these simple guidelines and never giving up.
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