Doing Business On eBay - Part 4 (Final)
Let's recap. In this series of articles, in Part 1, we discussed the three primary concerns: Gmail Account, eBay Account, and PayPal account. In Part 2, we discussed: What is the Feedback System, What are One-Cent Digital items, and Bidding On Products. In Part 3, we discussed: Another Way To Shop On eBay, How Do You Pay For Your Purchase, and Leaving Feedback For A Transaction. This brings us to Part 4 (Final).
In this article, we will discuss the process for selling items on eBay. Buying and selling on eBay, are both considered shopping online. When you first start selling, you should use those items that you currently have in your home: items that you purchased in a local store, or perhaps gifts that were given you, but, for which you have no use.
What Do I Have to Sell?
When we think about selling on eBay, usually, our first thought is: I don't have anything at home to sell. This is a natural response, especially if you don't know what types of items are being sold. Remember, as I stated in Part 1, eBay is the largest and most popular flea market in the world. If you list it, it will be bought. It is almost impossible for you NOT to have something to sell. Your items can be new or used (in good condition).
For example, you can sell household items (books, CDs, and DVDs). You can sell toys, and even clothing, new or used (in good condition). You can sell personal collections (baseball cards, comic books, coin, or stamp collections). You can sell electronic devices (old computers and/or computer parts). Take inventory of your household or garage items, and instead of selling them at a garage sale, or the local flea market, sell them on eBay: the world's largest flea market.
Note: When you consider selling your items on eBay, don't think about the original cost of the item, but think about how these items are just lying around your house - and not generating any income. If all else fails, you can purchase items at a garage sale, and convert these items into cash.
What is the difference between Auction and Fixed- Price Sales?
Once you decide what to sell, then you need to decide your type of selling method: auction or fixed-price. An auction is a 1-10 day listing that allows your buyer to bid on your item. This process can be exciting and competitive; your buyer realizes that time is running out, and he has to make a decision before the deadline. You (the seller) can see the activity and competitive bids that are generated from your product listing. The fixed-price listing is a 3-30 day listing - a Buy it Now Product - with a specified price. This means that your buyer can purchase your item immediately, without having to go through the hassle of waiting until all bids are posted. The best duration for a fixed-priced auction is usually 7 days.
A fixed-price sale is different from an online auction because there is no bidding and waiting to see if you won. On the other hand, fixed-price is similar to an auction, when negotiation is involved. Fixed-price also uses what is known as a Best Offer Option. Using this option, your buyer is allowed to send you (the seller), an offer of what price he is willing to pay for your item. For example: if you listed the item for $100, and allowed Best Offers; if your buyer did not want to pay $100, he could send you an offer to purchase your item for $50. You can either accept, decline, or even counter-offer your item for $75. The Best Offer option allows you and your buyer to negotiate the price until the two of you reach an acceptable selling price. The best duration for a fixed-price listing is usually 30 days. And remember, when selling on eBay, always include your shipping cost - or list it as free-shipping.
I hope that these four articles - on the overview of doing business on eBay - have helped you, in some way, to achieve a better understanding. Thank you for your interest.Part 3
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