How to start a business on eBay

Selling products on eBay has become a business that can turn anyone into an entrepreneur.
Entrepreneur.com comes to help future entrepreneurs who want to quickly and easily benefit from the advantages of a business on eBay.


An eBay brand business does not require investments in advance and a schedule of work, encouraging part-time schedule and work from home. 
This explains the preference of the 247 million registered users on eBay, which generates annual sales of $ 60 billion.
Experience eBay entrepreneurs was mentioned often in books and papers on the eBay phenomenon. 

Shows the most interesting Entrepreneur.com 's tips "that must take into account a beginner on eBay.
First begin to sell second-hand products. 
It is less expensive to sell products from your own home than to buy new products that revinxi them on ebay then suggests Steve Weber, author of "eBay 101:

How to sell on eBay for income part-time or full-time" . selling second-hand products can be very advantageous, he said. "Profit is fantastic - you can get 10 or 20 times as much added value", since yours or product you bought earlier at a lower price.

Disadvantages sale of such products is the allocation of time needed to find these products and prepare them for sale, but the risks and cost recommend this start0up on eBay.
Create a niche. After familiarization with the online sale of products used, try to search or create a niche and specialize in a certain type of product, such as toys.
"Think about hobbies and experience you hold as a possible basis for business on eBay", recommends Weber.

Selling a product category of profit potential increases substantially, simply because this concentration niche helps an entrepreneur to know more about a particular product and properly estimate the selling price.
Jody Rogers and Asad Bangash Americans have chosen to specialize in a niche little exploited by competitors on eBay: ethnic objects. Began in 2004 by selling products to Indian, reporting in July 2007 income of $ 25,000. 

Their success was based on the fact that it looked both passionate about art and culture.
Detailed knowledge of a product guarantees expertise in the field, that customers appreciate. "If you take the time to know your product, you could lose sales," says Cheryl Russell, author of eBay Income.
Compare prices. Before selling on eBay, we recommend a study of the products already available for sale, in order to compare prices. "We need to see the more generally sells a similar product, and not just on eBay," says Russell.
Compare prices on the market from leading retailers classics, but also online. 
Most buyers do the same before buying a product and comes to help sellers with eBay Marketplace 

Research application that shows how many items of a particular type were sold for a certain price and the number of times the product was listed before the end of the auction or purchase.
Inform yourself on eBay! "The best source of information on eBay is even eBay. Find almost everything you want to know the site, "says Russell. 
Thus Sell section includes a video tutorial about selling online on eBay, the correct determination of prices, which are the most popular products, details of shipping products and other resources. Another source of information is the discussion. 

EBay invests in business.

Even if you need a capital contribution in opening business on eBay, eBay dn most entrepreneurs invest in IT equipment dedicated solely to business, cameras and additional measures to send products to customers. "You need a camera for a thousand dollars. You just have to capture the attention of buyers. 
If someone does not notice your product, it will click and you will not get the details, "said Laura Poorman, co-founder of Curvy Girl Clothing business, with revenues of more than $ 500,000 last year. Her message? Clarity of pictures is essential.
Develop a system. Each process of eBay can be fully streamlined.
There are useful templates Seller Tools section, at http://pages.ebay.com/sell/tools.html.
The instructions are simple, and to prevent any problems that may arise, contractors are advised to check their e-mail account and ebay account daily.
Find a reliable supplier. Demand growth requires a continuous supply of products. 
If you sell used products, you have to visit as often as possible fairs, antique etc. "The products have the advantage of being single"

Ordering a large batch of products is not recommended initially. "Start from scratch, learn and grow the business slowly but surely," said Weber. 

Identify the product you are selling best and do not try to order a whole lot of products in stock. Keep a constant growth rate and negotiate directly with manufacturers or distributors. 

Be honest with clients. 

Building a customer base is easier when you do not promise much, but the results are more than satisfactory. Customers are delighted with the quality first. This means a more accurate description of the products. 

Be specified and product defects, if any (eg, a CD is scratched a little case). Should not assume that a client will not realize the small defects of the products.
It is recommended that each product have attached a line to specify the condition that, especially if it is second-hand. Thus, customers will know what to expect when receiving the products.

It is also good to be overestimated during delivery, not to be bombarded by emails from customers anxious. "If a product is expected in seven to ten days, client says it will take two weeks. When the product arrives in seven days, he will be delighted, "said Weber.
Setting customer expectations under conditions in which you can honor them, you can avoid any inconvenience, insatidfactii and negative feedback.
Bet on large amounts. "There are so many auctions on eBay, that about 50% of the listed products will not receive any offer," said Russell. To be sure that your products can be sold, to apply large amounts plus costs dear for profit.

A product may be listed more than once before they sell each print costing money to be deducted from the amount initially added. You can determine how many listings needs, on average, a similar product using Marketplace Research tool so that the seller knows the value originally added product.
Cost is not an issue listings on eBay. 
These are reasonable compared to placing an advertisement in the press. "You can not get the same exposure that you have on eBay elsewhere," concluded Russell.
Finally, diferientierea between successful entrepreneurs and those trying eBay without too much chance of success lies in the vision of customers and building long-term relationships with them. The purpose is customer service. 
Must always prnim the premise that a customer is interested disps and pay for a product to purchase online.

Provide as much information about each product. Articlelor measures are useful in selling clothing, as well as attached photos.

Offers unconditional guarantee. There are regulations stipulating this and specify the guarantees offered first a competitive advantage.

Call the online payment system PayPal. In Weber's case, 95% of buyers prefer to pay online. Acceptance and other payment methods such as checks and bank payments are again preferably where there customers reluctant to pay online.

Do not force clients accusatory phrases like "If you do not want to pay, do not bid." Be friendly statements.

Not imply that the products are in a better condition than the existing one. Be honest to avoid product returns.

Do not get affected by negative feedback. If 99% of customers are satisfied, then it's time to take action.