Be Clued Up On Selling With E-Bay

Please read ‘Be Clued up on E-Bay’ to understand your responsibilities and liabilities. A shorter summary of 'Be Clued Up Selling On E Bay'

Most customers are very good and fair when you keep to your side of the bargain.

Drop Shipping:

You’re reliant on a third party to deliver your promise. Drop shipping sounds inviting but it can destroy your business if you make a bad choice.

DVDs, Mp3 Players, Computer Parts, Radios, etc, flood E-Bay. This doesn’t make them a bad product to sell but you'd need to consider your market edge.

Successful drop shipping only works with a reliable supplier.

Research the drop shipping company.

Find The Right Product For You:

Everybody would like a good source for the latest Ipod at a knock down price. It rarely happens ‘Apple’ make sure of that, and so does any trademark that controls their market.

Normally, if an Ipod is on E-Bay it’s, second hand, unwanted present, broken. A trader selling Ipod on E-Bay could be lucky with a supply but more likely, a copy, stolen, refurbished, or an import not meant for UK market.

You should pick a product you know about and or interests you.

Start with one thing and add lines as you grow.

Research your product by searching E-Bay, and the internet, to find its value and availability.

Once you have the true retail value divide it by 2 and you have a reasonable benchmark to buy at.

Total E-bay and Paypal charges are about 8% of total selling price. You’d net about 12% profit on a 20% gross margin.

Workout the, postage, shipping, and packaging price and add 50p.

Start your auction at 50p and put your minimum reserve in.

Understand the value of a, product, margin, it's the most important tool in the learning curve.

Your listing should include a gallery picture and a full and accurate description.

Your keywords in the title heading are very important. You must include as many product keywords, which define the product, as possible. Example: Johnny Cash Country Western LP Record. Don’t waste the title words with ‘look’ best’ great’ or anything that’s vague.

When taking Paypal you should specify you will only ship to a confirmed address otherwise Paypal won’t payout on a fraud.

In E-bay seller options you can opt to exclude members with bad feed back and no Paypal account.