What is eBay?
Have you heard about doing your online business on eBay? If you’re looking to start an eBay Business, it is not too late. How good is the platform if you might ask? Well, there are over 25 million sellers just in the United States who have set up eBay seller accounts or eBay stores. What about the buyers? There are over 182 million buyers on eBay as well. Think about free traffic and impressions without spending on marketing. It’s going to be easier to start an eBay business than you think.
If you feel that eBay is simply another eCommerce platform or a bargain outlet, you ought to think again. You could sell anything from antiques to automobiles through your eBay business. The five highest selling categories are automobiles and auto supplies, computers and consumer electronics, clothes and accessories, books, music and movies.
When did eBay start?
eBay began way back in 1995 and has turned out to be the world’s most prominent online auction place. There are over 1000 dollars of sales happening every second. Moreover, with over 182 million registered users in countries worldwide, you’ll see the eBay business having extensive exposure to your products.
Things to do before joining eBay
Before you start with an eBay seller account, you ought to decide if you would like to be a full-time business or merely a hobby for part-time. Where do you want to start working from, home or set up an office? Are you planning to recruit any employees down the line and How many items are you planning to sell on eBay?
It is advisable if you could practice before officially starting an eBay business. You could play around with your listing titles and descriptions to identify what works best. Practice taking pictures and check out different listing formats and templates available. Sell one or two items at the beginning to familiarize with the process and be more comfortable. With practice, your chances of success could be much greater when you take your eBay selling to the next level.
How to Setup your Online Business on eBay?
Setting up your eBay seller account takes only a couple of minutes. As a procedure, you’ll provide them with your name, address, phone number, and a PayPal account. This is often used for identification confirmation, receiving money, and payment of fees. Before beginning your eBay selling, you’ll also want to have a PayPal account open. This service is owned by eBay, which allows people to use credit cards or their checking accounts to pay you. Having PayPal also eliminates the necessity to possess a costly merchant account.
During the set up of your online business on eBay remember to complete the “About Me” page, which is an eBay feature that permits you to market your business and yourself.
Depending on which country you begin your eBay journey with, there could be requirements of registration with the Federal, State, and native tax authorities. Furthermore, you could form an organization or LLC to protect yourself from any legal liability.
The Next Step
The next step of your eBay business is analyzing items to sell. This will be the foremost difficult challenge you’ll face in your eBay selling journey. Select a product which is required by many, have good profit potential, easy to photograph and ship. Once you know what you want to sell on eBay, conduct market research to your competition on eBay and form a plan, it’s better to see if you could make enough money with your product. The sales will be constant as long as customers require the product you sell.
Once your eBay store is optimized and convenient to shop, there is a better chance of success. This suggests that your eBay store should sell items that are related to one another. For example, if you sell camping tents, then having camping gear and outdoor sports items are a great combination. More compatible items you have listed will get you more sales. Customers would much instead purchase all that’s needed at once to save on shipping.
Running auctions at the beginning is my advice to bring in traffic which you never imagined. Examine new features the eCommerce platform has to offer. Greet and treat your buyers wisely to build a long term relationship with them. Conduct market research always to stay ahead of the game. You have to grow and change even inside eBay to make use of its full potential. This will help to maximize your earning goals. Finally, be comfortable with using eBay so that you can be more successful and also enjoy what you do.