Saturday, 12 November 2011

How to set your Online business in eBay?



eBay offers you an opportunity to make money online from home on the Internet. No need to do huge investment all you need to have is a computer and a internet connection. You can do it as a part time business in your spare time or you can make it your full time profession depending upon your choice. You can create your free ebay account and start buying or selling your products. You can sell your used personal items like rare old Coins, Notes, Stamps etc OR you can open an online shop in ebay. The main advantage of online shop in ebay is, you do not have to do any huge investment. You can start up your online shop with just few bucks. Also as there is everything online there is no geographical limit to it, you can sell your product anybody across the globe. You can display your product to millions of potential buyers.

How to sell a product and what are the charges?

You can sell your product at fixed price or you can put for an auction with your lowest desire value. Do ebay will charge me? What if my product didn’t get any buyer? This question may arise in your mind, ebay will charge you only if your product get sold. If your product didn’t get sold then you can relist it again for selling OR you can try different products.

How to select a product and decide selling price?

You can get stocks from ebay itself or from some other source. It is very important to decide what to sell and at what cost. Of course you can decide by looking at market trend. Do some market analysis like which product is currently in boom etc. You do need to pick a popular product though, and it's worth doing some research using eBay's advanced search feature to find out what is selling and how much it's selling for. Do some brainstorm and choose a product carefully otherwise you may not get sale and may suffer loss. Try to give discounts to your customers so that they become your regular customer and come back often to buy products from you.

Other important points

Shipping is also an important part of selling. You can offer free shipping if you can else mention shipping cost on your shop portal. Make sure that product is delivered in its very condition and on time.

Another important point to be noted is building your feedback. Once you made a sale ask your buyer to give you a feedback, mostly all buyer gives feedback after sale. The higher positive feedback you get the faster your score climbs, the closer you get to attaining PowerSeller status.

Finally remember that it may take time to build a successful business, Just be determined what you want to achieve and I am sure you can achieve it. All the Best.

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