How to Make Money Online by Selling On Amazon & Ebay, How to make money on Ebay
Tips To Selling On Ebay
Finding Your Amazon or Ebay Online Target Market
Ever thought bout selling your old household items on ebay then reconsidered and thought that it's almost not worth the time or effort? Selling on ebay can be difficult at times when you've got a lot of junk. When selling on ebay, it's important to know your targe market. People will generally pay premium prices (even on ebay), for items which are new or in near new condition. Used items will usually take longer to sell or draw in less bidders.
It's important that you keep up to date with the latest items that are selling around the world, as well as taking into consideration the time of year that you're looking to sell your items (especially if they're seasonal). For example, if you're looking to sell anything to do with swimming such as swim vests, life jackets or goggles, you would best want to sell them in the warmer months of the year. The same thing applies to selling pillows or quilts. People would generally tend to buy these items in the cooler months of the year.
It's important that you follow a few of these simple steps to ensure you maximise the number of potentional bidders. When selling on amazon or ebay, the seller will always want to make the most profit as they can, whether they are selling something new or used.
Amazon and Ebay fees and charges
Most online auction sites will charge you fees. Before posting your item on ebay, amazon or other online auction/selling websites, take a look at the associated fees. Most of these sites will include listing fees, final value fees, sell price fees, or a flat rate commission percentage based on the final sale. Don't forget, if you're selling over ebay and your buyer is looking to pay with paypal, that too will involve some small fees. It might sound like only a small amount at first, but after taking into account the cost price of your item, less all the associated fees, you may only be left with a small profit or break even. There are some websites which offer free listings, however, they may have higher final sell price fees. Be sure to find a reputable site and look out for any fees and charges which may not at first seem obvious. Most people are happy to think that they've sold a product for $100, until they realise that they bought it for $70 and the fees came close to $15 in total leaving them with only a small profit margin.
Finding Popular Ebay Product Listings
When choosing the right product to sell, think to yourself if it's something that you personally would want to buy or if there is a high demand for it. For example, if you have some old mnusic records lying around the house, there is a higher chance that people would want to purchase something a lot newer or in a good condition, as opposed to an item which would date back a few decades which is left in poor condition. Some websites and books are able to offer you with tips and guidelines as to what are the most commonly searched items on ebay during the last 6 to 12 months which can also assist you in knowing whether you'll attract a smaller or larger number of bidders.
Consider Selling Internationally
It might sound like a risk, but think about how many more people you will be exposing your product to if you sell or auction your product off to an international as opposed to local or domestic market. Most people will be happy to purchase items on ebay from international sellers, assuming the format of the product corresponds with the local region (as is the case with many video games). Keep in mind that postage fees will vary depending on the state or country you will be sending your item to as well as the length of time it will take should you send your product half way across the world.
When selling any item over the internet, keep in mind the cost of postage. The cost of postage is something that can either be added to the cost of the product on ebay, or added as an additional charge. Selling on ebay is great because you can sell to an endless number of online customers, however, keep in mind that postage fees and charges can be quite costly, especially when you're looking to send either a heavy or large item. Postage costs can sometimes make up close to have of the entire cost of the final product, or in some cases with the lower priced items, this can be even more.
Selling On Amazon Or Ebay
It's important that you follow a few of these simple steps to ensure you maximise the number of potentional bidders. When selling on amazon or ebay, the seller will always want to make the most profit as they can, whether they are selling something new or used. Always take into account the different factors that will eat into your final profit margin, as well as the time of year that you're looking to sell your products. It's possible that you can be the next ebay success story, but the most important thing is to make a profit instead of a loss on every sale.