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eBay: No Way? Yes Way (Ten Seller Themes)


Hearing that there are more than 1.2 million registered eBay users, that more than 25,000 members make five figure income as full time eBay entrepreneurs, and that more than 250,000 part timers make several thousand dollars a year of supplementary income from eBay enterprises would make anyone comment in disbelief with, "No Way". But the correct response to this is, "Yes, way." In fact, it has also been reported that the number one eBay entrepreneur makes over a million dollars a year. As Austin Powers would say, "Yeah, Baby." Or should we say, "E-Baby."

So what's the deal with eBay, anyway? There is a lot more to it than one would think. It can be simple for an occasional buyer, but it gets increasing complex as users/sellers become more entrenched at deeper levels of use. Here are 10 key ideas or themes for sellers to consider about this phenomenon called "eBay".

1. What 's for sale? While some sellers are out scavengering the garage sales and their own garages, others are purchasing quantities of items wholesale to put up for auction. One would think that the right product is of paramount consideration, and most sellers agree that the unusual or the hard to find is the best bet. However, this is not always true either. Timing, meaning the right person at the right time seeing your item, is where it is at. You have to be visible and be out there with a clear message or product that seems like a steal, or at least reasonably priced. With the thousands and thousands of items for sale, there is no shortage of competition. However, the good thing is that there are a lot of buyers out there that should enable the sale of just about anything.

2. Communication and descriptive details about your product is a key in getting noticed. The description of your item and the pictures to display it will get the buyer's attention. If a person is a serious seller, having an adequate digital camera is a must. Again, photos are extremely important.

3. The well written detailed description to accompany the item is of great benefit. Being open and honest about the item will demonstrate integrity as a seller and will keep people coming back. Being available to answer questions for prospective buyers and remembering to be courteous and helpful follows along with the never-to-be forgotten premise of "the customer is always right."

4. With customer feedback being a key element in the ratings statistics that will promote you or haunt you during your eBay career, it is important for a seller to be professional and kindly in all business dealings. People like and appreciate personal attention. Take the time to give it. Being positive, accommodating and helpful is a winning combination for good customer relations.

5. Shipping information and how you present it can win over a customer because they notice when a buyer is tying to take advantage and ask an unreasonable amount for shipping. Of course, a seller must take into account time spent, the handling charge, when pricing the shipping. Time is money, and a seller should be compensated for all aspects of the service that is provided.

6. Some advice about setting up your auction items would be to consider having your item run seven days with an end of bidding time somewhere between 7 PM and 9 PM on a Sunday night. That seems to be the consensus amongst the top sellers. There has been much dialog on just how to increase the amount and number of bids, but there are too many variables to consider. Suffice to say, it really does depend on the product itself (and what the condition and competition is our there).

7. Some of the most unique aspects of selling have to do with the seasonal items that permeate the auction block at certain times of the year. If a seller wants to work year-round, he or she will have to broaden the horizon by finding seasonal items for all seasons. Yes, you can sell Christmas items and move right into Valentines Day and Easter and so on. Why not? These are what people are looking for.

8. One controversial topic is drop shipping. If a seller is getting a product from a third party, drop shipping is a convenient way for the seller to deliver the product. It keeps them out of it. However, that means that a back ordered item could result in a poor rating for the seller because the item was delayed. Most buyers picture the item in the hands of the seller and expect to receive it within a few days. The pros and cons of this arrangement need to be carefully considered.

9. Now to the fun part. How do you get the money? More and more people are using PayPal. It is quick, efficient and simple. A seller can make other arrangements and accept a check or money order, but the wave of the future is setting up an account with PayPal. In addition, setting up an online account with the United States Postal Service will also save countless hours in the lines at the post office. Work smarter, not harder, etc., etc.

10. A seller can look at other things to sell besides a physical product or item. Many are getting into self publishing or offering a service. Some expanding entrepreneurs are opening up a consignment shop situation, which helps those who want to sell but "don't do computers." The possibilities are unlimited.

Selling products and services from a home-based business can be an exciting, and hopefully profitable, situation. Go into it with a solid plan based on accurate information and with the knowledge that it is going to be hard work, just like any other job.

For more on eBay selling and using online auctions visit the How To Sell On eBay Resource Page located at http://www.sbmag.org.

Copyright usage: No permission is needed to reproduce this story. The About the Author statement with hot links must remain in tact. Request for reciprocal links will be considered. mailto:barb@sbmag.org.

About the Author
Barbara Snyder is a retired California Distinguished School Principal and Coordinator For Human Resources. She has a master's degree in Curriculum and Instruction. She holds elementary education, secondary, community college, and administrative credentials. She is currently the publisher of http://EducationResourcesNetwork.com, co-publisher of Strictly Business Magazine, http://www.sbmag.org.


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Thu. January / 18 / 2018

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New 10-Year TIPS Auctions With A Real Yield Of 0.548%, Highest In 2 Years - Seeking Alpha

Seeking Alpha

New 10-Year TIPS Auctions With A Real Yield Of 0.548%, Highest In 2 Years
Seeking Alpha
The U.S. Treasury just announced that its offering of $13 billion in a new 10-year TIPS - CUSIP 9128283R9 - resulted in a real yield to maturity of 0.548%, the highest for this term at auction in two years. The coupon rate was set at 0.500%, also the ...

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Patch.com
New York is one of just a handful of states that saw a jump in foreclosure auctions in 2017, according to a new report. Its findings suggest that the state's aggressive attack on zombie properties is beginning to pay off. New York bucked the national ...

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NBTC favours changes to spectrum auctions - The Nation

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Originally, the NBTC divided the 45MHz bandwidth of the 1800MHz spectrum into three licences each with 15MHz bandwidth. He said that the proposed switch to nine licences was in line with the ideas of the telecom operators aired at the recent public ...


Auction company sues Augusta National over trademark name Green Jacket Auctions - The Augusta Chronicle

The Augusta Chronicle

Auction company sues Augusta National over trademark name Green Jacket Auctions
The Augusta Chronicle
The company has conducted about 30 auctions of memorabilia worth millions of dollars, including several green jackets. The jackets are worn by members of the Augusta National Golf Club and awarded to the winner of each year's Masters Tournament. The ...

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Quinn's tracks beauty of 'Natural World' with Jan. 25 Prints Auction - Auction Central News

Auction Central News

Quinn's tracks beauty of 'Natural World' with Jan. 25 Prints Auction
Auction Central News
Maria Sibylla Merian (German, 1647-1717), Cayman with Snake, from Metamorphosis Insectorum Surinamensium, Amsterdam, 1719, 20.25 x 14.25in. Est. $4,000-$6,000. FALLS CHURCH, Va. – On Thursday, January 25, the Waverly Rare Books & Prints division of ...


Apple Macintosh logo by Andy Warhol goes up for auction, valued up to $30K - AppleInsider (press release) (blog)

AppleInsider (press release) (blog)

Apple Macintosh logo by Andy Warhol goes up for auction, valued up to $30K
AppleInsider (press release) (blog)
A rare piece of art history is now up for sale in the form of an Apple Macintosh logo painted and signed by pop artist Andy Warhol. Thought its exact raison d'etre is unknown, the work may be a color study for an Apple advertising commission, according ...

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What next for contemporary art auctions? - Spectator.co.uk (blog)

Spectator.co.uk (blog)

What next for contemporary art auctions?
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With auction houses in the news following record-breaking sales, I sat down with Ralph Taylor, Global Head of Post-War and Contemporary Art at Bonhams, to discuss how the contemporary art market is shaping up for 2018. Are auction houses getting too ...

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Foreclosure auctions for Keene plazas pushed back - The Keene Sentinel

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Classic 'Macintosh' Painting by Andy Warhol Estimated to Fetch Up to $30000 at Auction Next Month - Mac Rumors

Mac Rumors

Classic 'Macintosh' Painting by Andy Warhol Estimated to Fetch Up to $30000 at Auction Next Month
Mac Rumors
Woodshed Art Auctions has announced it will be auctioning an opaque watercolor painting of Apple's classic logo by the late Andy Warhol next month. The painting is part of Warhol's "Ads" collection from 1985, one year after the original Macintosh ...

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Trai holds industry-wide consultation on spectrum auction - Gadgets Now

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