Posts Tagged ebay selling tactics
Are Ecommerce Websites Sold on eBay Legitimate?
Posted by Wholesale News in Ebay, Home Based Business, Wholesale, eBusiness on September 1st, 2009
People who are searching for the perfect startup company they can handle from their house might be confronted with a real concern: are ecommerce websites sold on eBay legit? This concern is out there since there exist literally hundreds of tales regarding fake auctions and swindlers on eBay. A main issue is by doing business with someone you don’t know and can’t even see, you have no way of knowing if that person is on the up and up or just out to take your cash.
Instead of taking chances of learning whether are ecommerce websites sold on eBay legit with an unknown entity on the web, it might be better to find a verifiable online source of revenue. A fast-growing technique is to locate the best drop shipping business that services your state and take advantage of them to earn a steady paycheck right from your house.
Indeed, a lot of the best drop shipping companies have a link that you can post that will take you to their business site and decrease your workload even more in a field that is pretty effective as it is.
Your ecommerce company can be up and running on eBay in no time by accessing a wholesale business that provides a drop shipping component. You will operate your eBay company just as millions of other do, but unlike them you don’t have to maintain an inventory. The best way to look at a drop shipper is as an off site storage unit for your products that you use to create greater revenue.
It’s well-known that eBay sellers believe that the worst aspect of selling is shipping their products, but by employing the best drop shipping service available to you, you won’t have to be burdered with the drawn-out series of actions required to package, label, and mail your items once they sell.
If you blindly buy an ecommerce business directly from an eBay seller, you cannot verify that all aspects of starting an online business will be included in your package, which can seriously harm your startup company financially and logistically. Besides, the ecommerce package from an unknown source may not be individualized enough to fit into your company’s scheme and thus, might cause your company to falter or even fail due to many different things.
By employing a drop shipper, you can bypass a lot of those concerns. Since you don’t have inventory, you can stop fretting over a place to put it and concentrate on running the company via an online coneection. You won’t be expected to have a lot of capital to initially buy inventory and if your company expands, you won’t need to fret about locating additional space. Rather than continue to wonder are ecommerce websites sold on eBay legit, simply redirect your focus to locating the best drop shipping company available and get your business up and running right away. You could even have your company in place within 24 hours and might have a positive income shortly thereafter.
How Ecommerce Can Help You Gain an Additional Revenue Stream
Posted by Wholesale News in Home Based Business, Wholesale, eBusiness on September 1st, 2009
Many people are seeking additional revenue stream to help them pay the bills and resume their typical lifestyle since the recent economic troubles have cost them to lose their regular employment. The benefits of ecommerce on business, however, can help your own home business flourish by utilizing resources on the Internet.
People are discovering that by sourcing products and then reselling them at a higher cost is one of the best ways they can make an additional revenue stream. You can do this via mail order, Craigslist, through auction services provided by eBay or even classified ads, or your own personal website. You can utilize the benefits of ecommerce on business marketing and promotions mechanisms to help you cut costs while also spreading the word about your products to as many potential buyers as you can no matter which method you choose.
It’s important to locate a wholesale supplier to begin in this business. There are a plethora of wholesale suppliers to choose from; some will deal with many products from a variety of manufacturers, and others will only focus on one product. Additionally, you’ll notice there is a big variety in the methods these suppliers use to take order, some catering to the benefits of ecommerce on business and providing a website with an ordering system and complete electronic catalogue.
Since you are operating a small business, conducting business with a supplier that gives this kind of option will be conducive to your schedule; you will be able to take your time doing research on products you use since you can conduct business activities throughout the day at your convenience.
Therefore, whether your job takes up a small or large amount of your time, you can perform additional revenue stream business when it’s easiest for you to fit it into your schedule. It can often be problematic when you try to conduct this type of business within the confines of traditional business hours.
Electronic catalogues often showcase high quality photographs that provide details about the product you are about to purchase; when you have time to look through them, you can better assess the quality of the potential products available online. It’s also helpful that you can reuse these photographs and product descriptions provided in the electronic catalogue for your own marketing purposes.
You will be alerted by your wholesale supplier when new product lines hit the market, which is possibly one of the largest benefits of ecommerce on business. You can become knowledgeable about the latest trends so that your business can cater to these items sooner than your competitors know they’re available. This competitive advantage, in conjunction with excellent service and reasonable prices, will help you and your business succeed since customers will rely on you as a trusted provider of up-to-date and quality products.
A Solid Return Procedure is an Advantage on eBay.
Posted by Wholesale News in Ebay, Home Based Business, Wholesale, eBusiness on August 28th, 2009
A couple of years ago, eBay polled buyers on their site to learn what makes them select one seller over another. Over 20% of the buyers polled chose not to select a certain seller due to the fact that a good return policy was not available for a stated item.
This survey indicates that if you as an eBay seller do not specify a good return policy in your listings you can figure on your auctions to be over 20% less likely to sell than sellers with a good return policy.
eBay shoppers want to believe they are absolutely secure when they go to buy something over the Internet. Buyers are worried that they will either not receive the item they purchased at all, it will vary significantly from what they wanted, or it will be of poor quality. As with all other transactions, shoppers need to believe they are getting quality for their cash and if it turns out they don’t receive what they wanted, they need to have a means for recourse.
Buy adding a good return policy to your eBay listings, you are not only guarding your online auction company, but also providing eBay shoppers with the safety they seek. Many eBay companies are using a dropshipper, so they do not understand how to add a return policy to their listings since the items are not actually originating with the sellers themselves. The following statements offer some suggestions on how to add a good return policy to your auctions.
Lay out a time frame in which you will accept returns. Many store fronts offer one month, which is acceptable. This allows for plenty of leeway for your purchaser to inspect the product and return it to you if they are not happy with it. You should also be using a dropshipper that has a corresponding return policy of their own, and that they contact you when a buyer has shipped a product back to them so you can offer the buyer an online credit.
Your return policy should also have a few provisions and stipulations spelled out. Ensure that the buyer understands that the item must be shipped back to the dropshipper in the original condition in which it left, meaning it should be in the same box and unused. You can refuse the return or give back only a portion of the payment if the buyer broke the product.
One way to simplify your return policy is to basically use the same terms and conditions of the drop shipper that you employ. By copying their rules and regulations, you should be positive that you will get your money back so that you can give your buyer’s money back. Also follow your drop shipper’s lead in providing a money back promise in that it will fill your buyers with assurance that their transaction is valid, and perhaps you will be able to capitalize on the 20 plus percent of buyers who have been skipping your listings.
Here is how the drop shipping process works for Ebay sellers
Posted by Bob in Drop Shipping, Ebay, Wholesale, Wholesale Sources on June 25th, 2009
If you’re like many of the successful Ebay entrepreneurs out there, chances are you happened into the business quite by accident. Perhaps you found an item in your attic that sold for more than you thought it was worth, and decided to hit every rummage sale in the state until you found every last one of them and sold them for a profit. At some point, however, if your business is going to grow, you should consider drop shipping. Drop shipping is one of the best ways for you to expand your Ebay business.
Here is how the drop shipping process works for Ebay sellers. First, you place an ad on Ebay for an item that you don’t have, but that you can get from the drop shipper. Your Ebay buyer then buys the item, sending you the money for the item and the shipping costs. You then take a portion of that payment and send it to your dropship wholesale supplier. The supplier charges you wholesale prices, allowing you a profit on the item. Finally, the supplier will ship the product directly to your Ebay buyer.
When this process works correctly, drop shipping can be a dream business. You have no overhead, because you have no inventory, storefront or shipping costs to bother with. You merely accept payments, and then send a portion of those payments off to the supplier, and you get to keep the difference between the two as your profit. As you can see, this is quite a bit easier than scouring every garage sale and flea market within 100 miles to find the perfect Ebay item.
However, in the real world, things are almost never quite that simple. There are pitfalls to avoid, and regular hiccups that can interrupt the flow of your Ebay business. Being ready for these problems before they actually arise will help you to have a distinct advantage when the time comes, however.
You can do this, at least in part, by treating your Ebay drop shipping business like a business. Follow up with your customers, for example, to make sure that they’re satisfied with the products they receive. You should also try to be constantly aware of your dropship wholesaler’s supply of products. There is nothing worse than collecting payment for a product only to find that your supplier is out of stock.
If you implement it right, drop shipping can be a tremendous boon to your Ebay business.
Ebay Drop Shipping Success - Pay Attention to Your Suppliers
Posted by Bob in Bulk Drop Shipping, Drop Shipping, Ebay, Wholesale, Wholesale Sources on June 25th, 2009
If you have a business on Ebay, you may be able to increase your profits and expand your business by using wholesale suppliers. Many wholesale suppliers will dropship products for you, allowing you to focus on what you do best: getting people to bid on your Ebay auctions. Still, there are some important things to keep in mind if you’re going to successfully integrate wholesale suppliers into your Ebay Business:
First of all, you need to keep a close eye on what your fulfillment times look like. Don’t be afraid to send your customers emails asking them for feedback, or even filling out some sort of customer survey regarding the time it took to fulfill their order. If your orders are taking longer than you think they should take to get to your customers, chances are you’ll hear back pretty quickly. Because your feedback score, and the reputation of your Ebay business rely so solidly on shipping issues, this is key. Ebay and online customers often expect better service in terms of shipments, and if your shipments are regularly being delayed you’re going to have payment reversals and negative feedback that are going to severely hurt your business in the long run.
You also want to keep a close eye on stock. It helps, in this regard, to choose a dropship wholesale supplier that allows you access to stock level information. When you’re selling items on Ebay, there is a time delay between the time you advertise the item and the time you receive payment for the item, and when you order it from your wholesale supplier. If your supplier runs out of the particular product you’re looking for in that time, you’re going to find yourself having to issue refunds and risk negative feedback. Remember, too, that Ebay sales are a contract. You’re not allowed to cancel an Ebay sale due to a product being unavailable. In fact, if you can’t provide a product to a customer, the buyer can petition Ebay to give you a seller nonperformance violation. When you get a certain number of these, Ebay will shut down your seller account.
You also need to be prepared to mediate returns. If a customer isn’t satisfied with the exchange or return process, you risk negative feedback that can hurt future sales. In some ways, you may wind up having to mediate the return process.
Make Money Drop Shipping Using Ebay
Posted by Bob in Bulk Drop Shipping, Drop Shipping, Ebay on June 25th, 2009
Drop shipping is one of the best ways to make money on Ebay. Using drop shipping, you can list an item for sale that you don’t already have. Once you’ve sold the item and collected payment, you simply take a portion of that payment and send it to your wholesale dropship supplier. Whatever is left over is yours to keep, and you don’t need to hassle with things like shipping costs or packing.
Still, there are some important things to consider when you’re using dropship wholesale suppliers on Ebay. Keep these three things in mind at all times:
Understand the quality of the product. It’s important that you choose a wholesale supplier who won’t just randomly switch inventory or manufacturers without letting you know. This allows you to be sure that the product you’re selling to your customer is the product that they will actually get. If your product varies from the Ebay listing, you run the risk of negative feedback which will harm your Ebay business over the long haul.
Understand customer expectations. For whatever reason, people that buy products on Ebay and online tend to have much higher expectations that people that buy products in other sorts of direct marketing arrangements. Buyers expect you to offer a photograph of the product, as well as a specific list of features. When they receive the item, they expect it to look exactly like it does in the Ebay auction. If it doesn’t look the same, they probably won’t be satisfied. Here again, you run the risk of getting negative feedback on your Ebay seller account.
Finally, don’t forget that auctions are auctions. The fact of the matter is that, when you auction an item on Ebay, you’re expected to agree to sell the item regardless of the closing price. This means that, if you’re not careful, you can wind up selling an item on Ebay that actually sells below your own costs.
There are a couple of ways to avoid this happening, of course. First of all, you can choose to only list fixed price or “Buy It Now” auctions. This means that your auctions are more like catalog listings, with a set price no matter who buys it. Another option is to set a higher minimum bid, so that the item doesn’t sell for less than what you’ll pay for it.
Ultimately, making sure your feedback stays high and that you follow all Ebay policies is key to your business’ success.
eBay Newbies? Simple Avoidable Mistakes
Posted by Andrea in Ebay, Home Based Business on June 15th, 2009
Selling on eBay is the quickest business prospect out there. Within 15-30 minutes you can have a business up and running, but the ease of setup often leads sellers astray and they make serious mistakes that can zap their profits in an instant.
Scrolling through eBay I often see super elaborate listings for items that are well under $100. The amount of money that is spent on the extra features added to an auction can quickly zap profits. Do you want your auction featured? Sure you can have it but it will cost you. Do you want to include several pictures? Sure you can add 10 pictures but each will cost you. You want a reserve price? Okay, but it will cost you. Do you see a theme here?
Every seller should head into an auction with a game plan. For any item that is not going to fetch over $500 you should keep your auction as simple as possible. One photo and a quick run down of what you are selling will do just fine. When you are placing a big ticket item on the auction block then you can go all out, but for a low price auction keep it simple.
A lot of eBay users still don’t use their own photos. They take stock photos of the item in question and then feel the need to state “this is a stock photo” in their auction. People want to see a picture of the product they will be buying especially if it is a used or refurbished product. A cheap digital camera is all that is needed. The pictures need not be fancy; they just have to be there. People have a hard time trusting a seller if none of their auctions have real pictures attached to them. Honestly a seller who can’t show me a real picture of the product I’m bidding on jumps out as a “scammer” to me.
Most eBay sellers don’t stop to do their research before listing an auction. Before setting out on selling an item it is important to research the selling history of it. Not only can it help to figure out a “buy it now” price but it can also help a seller gauge how long the auction should be. A longer auction will get more hits which are better for an item that is not in demand or not greatly represented on the web site. A shorter auction is better for a hot item as it will give buyers a quick chance to grab what they want
Some, not all, but some eBay sellers are quick to please their clients when they first get on the site. While “pleasing” your customers is the right attitude bending over backwards for people is a bad idea. I’ve seen products listed way under value, I’ve known sellers who all but give away massive amounts of extras or upgrade shipping for every single person. While there is nothing wrong with being nice, nice doesn’t do it in business.
While eBay is an awesome avenue for a business it also has its problems and one of its biggest pros and cons is the ability to quickly open a storefront. It is great because it is easy but it’s bad because it allows people who are not ready for the big league to get off and running; often dooming a business before it starts.
Competitive Strategies for Ebay Sellers
Posted by Andrea in Ebay, Home Based Business, eBusiness on June 11th, 2009
Dealing with competition on eBay is one of those things that you will never avoid, but a small business can flourish on the mega-auction website as long as you are willing to work with the competition rather than against it.
Competitors can actually be a good thing; seriously, they help us know what the price of an item is and how we can work around it to get the customer.
Pricing an item on eBay is fairly simple. Before you even begin your own auction listing go back and use the advanced setting to see what the item has sold for in the past. You can do this by doing an advance search and searching for closed bids only. You will see a list of items that have sold recently that are just like yours. You will want to look at the bidding history of those auctions as well.
Once you have an idea of what the items has sold for you can go back and search for the products that are still open. You will see how many similar products are out there and how they are moving. Research is always an important part of the game.
When you begin your auction listing consider what you can offer that other buyers are not offering. One big issue with eBay, in my opinion, is the insane shipping prices that some sellers offer. I tend to keep shipping low ($3.00-$10.00 depending on the item) or offer free shipping. Free shipping will garner a great deal of attention and more people will bid on your auction as shipping costs are considered “added” expenses to many bidders. When there is no shipping cost to calculate bidders are more likely to place a bid and go higher on their price than they would if they had to calculate shipping into the equation.
I have one wholesale sneaker seller that I constantly buy from on eBay. I buy from that company because there is a free shipping policy. I like to know my money is going directly to the product and not to overzealous shipping and handling fees. I know I am not alone in that either.
I have also found that auctions need to correct amount of exposure time to do well on eBay. I’ve seen many sellers fall victim to setting their auction time too low. If you offer a 3 day auction the odds of many people seeing it are low. Setting an auction at 7 days gives it a much longer exposure time.
The same can be said for an over infiltrated market. Around Christmas time this year a great deal of people were selling Wiis on eBay. A lot of the auctions never made it to the first page. You need to time your auction correctly so it won’t be ending at the same time as other auctions. If 30 other auctions are ending within 10 minutes of your auction the odds of your listing getting to the front page is slim and let us be honest here, most people never click past the first page.
An eBay business is a great way to make money and it can be extremely successful but you know how to use your competition and time your listings accordingly for the business to really take off. Many don’t do well on eBay because they don’t follow some basic logic rules.
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