Practical eBay Selling Tips that you should be doing
EBay has been one of the most prominent online marketplaces ever since it has been conceived in the year 1995. It has dominated the globe with its user-friendly interface and top-notch customer experience while offering great selection of product categories that cater to individuals, businesses, and even collectors. Did you know that they even offered a vintage pair of Levi’s Jeans for more than $46,000?
This September, eBay is celebrating their 25th founding anniversary! How cool is that? Let’s look at some statistics from Oberlo:
- There are 182 million eBay users worldwide.
- The eBay app is used by 34.9 percent of all US mobile users.
- There are 1.3 billion listings on eBay.
With that being said, here are some practical things to do when selling on eBay.
1. Buy low, sell high.
The internet it a black hole where you can discover endless products. Out of those products, you can find several winning products that people need, but know it yet. When the pandemic started, people are stuck to their houses with nowhere to go and nothing to do because businesses, transportation, travel, and school has been shut down.
Take the humble yoga mat for example, it sound so simple and mundane, yet the global demand for yoga mats has been increasing especially due to the health benefits associated with it. This is evident in a study made by Grand View Research.
There are loads of products out there waiting to be discovered. Suppliers may sell them for a cheaper price and you can take advantage of it and make it known to people that you have what they need, even if they don’t know that they need it yet. That’s marketing!
2. Have competitive pricing.
Sometimes, snooping on your competitors can be beneficial. You get to carefully study their strategies to be able to plan your own. This is important when it comes to pricing your items. Price common items in such a way that gives you profit but is right up to par with your competitor’s pricing. eBay has a feature called “Completed Listings” where you can see how much people are willing to pay for a particular item. This can serve as a guide on how you can properly price your listings.
3. Take good quality photos.
It doesn’t have to be high quality or taken with a professional camera. We can’t stress this enough and you’ll keep seeing this in future blog posts. Photos are what customers see first when they browse or search through eBay so you have to be able to capture their attention within the very limited attention span that they have.
Add extra specifications if needed. If there are other smaller accessories included in the package, include them in the photo. Make sure you have good lighting! You can even mention in your listing that color may vary due to digital screen differences so people know what to expect.