Want to start your own eBay business? Online auction is a booming business and it would be really nice if you can get a piece of that multi-billion dollar pie. So, here are some of the basic steps you need to take to succeed online as an eBay power seller.
Find your Niche
Just like any other small business, you must decide what products you can sell at eBay. It can be something based on your passion like books, video games, or even antiques. You can also check out eBay Pulse to monitor the hottest and best selling products in this site. It’s advisable to sell something you’re passionate or knowledgeable about for this will be critical in the next stages.
It’s also important to have access to low-cost or affordable suppliers of products you want to sell to avoid incurring any losses in the bidding process. This is one of the most guarded secrets of successful eBay power sellers.
Initially, you can check out any close out or liquidation sales and auctions in your area. Subscribe to newsletter of different stores related to your niche. Local newspaper is another good source of items to sell. Some of the books I’ve sold came from goodwill stores.
List Your Items
This is the second step to start your own eBay business. It’s time to post your products for buyers to see. Take some good photos of every item and make it look as professional as possible. Using images is proven to improve credibility and increase sales conversion.
Select listing option and enter ISBN or UPC number when appropriate. Then write a detailed description of your items. Be specific about your materials, history, return policy, guarantee, shipping and payment information. Don’t mislead and exaggerate if you want to stay long in this business.
Sell, Sell, and Sell
Don’t wait for customers to come to you. Remember, you’re up against many power sellers out there. Take time to promote your products not only to eBay community but to other sites as well. Start a starting bid to get the ball rolling and don’t forget to provide your Buy-It-Now price for desperate buyers who are not fond of bidding.
There are different ways to promote your items. Post a flyer to your local communities, send e-mails to your personal network, build your own website, maximize eBay tools, and submit articles to Web 2.0 sites like Squidoo and Hubpages with links pointing to your eBay account.
Start at home
Most eBay sellers starts at home and I suggest you should too. You can use your home address as mailing address for all your transactions or get a P.O. box if you’re comfortable giving away your address.
Follow these basic steps if you’re really interested to start your own eBay business. Remember, this is just an overview. Dig deeper and research more once you master the basics.