eBay is a global online marketplace where millions of individuals from all over the world, competing for high sales. As a beginner selling on eBay, you may have great difficulty generating sales and revenues if you lack the necessary knowledge in running an eBay business.
Before starting an online business, decide what model of business would work best for you.
The Dropshipping Model of Business
Choose whether you want to be a retailer or a wholesaler. If you have multiple items to offer or have your own products, you will fit in as a wholesaler. However, if you do not own any inventory, do not worry because you can still be a successful seller on eBay with retail arbitrage.
Dropshipping is the most famous retail arbitrage since it is less of a hassle. Why? Since dropshipping does not need you to store product stockpiles at home.
You may make money simply by associating a supplier from a third-party marketplace such as AliExpress, Alibaba, etc. You may use the KalDrop tool to establish your own dropshipping business and be guaranteed that you will be successful and 100% protected from eBay flagging.
Top 10 Tips for Beginners Selling on eBay
Below are ten tips that will improve your sales, profits, and margins.
1. Conduct a market research
Gathering information about the customer’s needs and preferences is the first step in eBay selling. You must sell products that are among the best-selling or trending items to attract consumers to your store. Zik Analytics is the best market research tool; it’s a quick and easy tool that may help you identify profitable goods and shows you how to sell your item quickly.
2. Optimize your eBay listing
To optimize your eBay listing, maximize the keywords in your title and include as much accurate information as possible in the product description. An optimized eBay listing increases your chances of appearing in eBay search results and may result in high visibility and sales.
3. Aim for a high eBay feedback rating
Obtaining a high rating in reviews is likely to attract customers since they establish trust based on this feedback. To achieve this, you must always prioritize your customers and respond politely to their concerns and inquiries. Ship their products as soon as possible; it must be within 24-48 hours. They may become irritated while waiting for their delivery and offer poor reviews.
4. Figure out how to price your items
eBay has a pricing recommendation tool that you can use to quickly find similar items from your competitors and determine the pricing range. It also provides a graph that shows your likelihood of getting buyers within the price range. So consider pricing your item within this range or lower, depending on the condition of your product.
5. Establish trust with customers
Establishing connections and trust with your customers is a must to increase your chances of selling. Put a picture on your profile and fill out the required information about yourself since buyers want to know and see who they are purchasing. Allow them to make offers as well, so you can connect with them.
6. Add high-quality images to your listing
The picture is the first thing your customers will notice when they view your listing. Customers will not buy your item if it appears unprofessional, and will instead look for other listings with high-quality images. To persuade your customers to buy your product, you must provide them with high-quality pictures of your items.
You don’t have to use a DLSR camera or an expensive camera. A smartphone with a high-quality camera will suffice. Just make sure the background of your items is white and edited to make it look cleaner and more professional.
7. Sell items that are easy to ship
You must sell products that are easy to ship to avoid shipping issues or high shipping fees. When you choose lighter items, the shipping cost that you can charge for your customers is also smaller. Buyers prefer low shipping costs. So you must first sell items that are lighter and less expensive to entice them to purchase your items.
8. List items that are highly profitable
Sellers on eBay can only list a certain number of items per month. If you list random products on eBay, you will most likely be unable to attract buyers to your store and will have to wait another month to sell more items. Your goal is to sell as much as possible to obtain a high feedback score and request an increase in selling limits.
You can only request an account limit increase from eBay once every 30 days. You must only list highly profitable items so that you do not waste your time listing products that do not sell and waiting for a long time to post new products.
9. Provide a reasonable return policy
Whether you like it or not, eBay requires sellers to have a return policy. The importance of having a return policy is to give your customers confidence that if something goes wrong, such as receiving an item that does not match the product description and pictures or not receiving any items at all, they will be refunded. So, provide a more reasonable return policy for your customers that can stand out among your other competitors.
You’re one step closer to persuading them to buy your item, and you don’t want them to back out because of your unfair return policy. Although you are not required to offer a 30-day return policy, what is good about it is that not only is it reasonable, but eBay will reward you by ranking your item higher than those sellers who do not.
10. Use social media to promote your eBay listing
Sharing your eBay listing on social media is a free and simple way to increase views and sales. You can either create a Facebook or Instagram page for all of your eBay listings or share them with groups that will be interested in your product.
Now that you have chosen your business model and read these top tips, learn more about selling on eBay to rank #1 among millions of competitors.