How to Make a Profit Selling on eBay?
New resellers are often discouraged when they don't see the results immediately after posting on a marketplace platform. If you've chosen eBay as a place to post your listings, you might not know how to make a profit selling on eBay right away. It's not as simple as it looks, as eBay has its quirks. In this text, we'll break down the basics that will help you figure out this platform and start making money.
How to Make a Profit Selling on eBay - Understanding How the Platform Works
Making money on any multi-vendor marketplace platform is not possible if you don't understand the logic behind that platform. Now, you've chosen eBay, which is an outstanding choice - this is the platform that has been around for decades, and its audience is huge. However, you will likely be confused about how it works when you first open your eBay account. There's a lot to learn, as this isn't the easiest marketplace to navigate.
Setting up your account is not a problem - you will figure it out easily. The same goes for posting the first listing, but problems arise when you find yourself looking at all the eBay fees. As a seller, you will have to pay a few fees - seller fees include an insertion fee and a final value fee. The insertion fee is charged when you post the listing (but the first 250 listings every month are free). The final value fee is the portion of the sale price that's taken by eBay when you finally sell the item - it depends on the category of the item and the amount for which it was sold.
The More You Learn, the Easier It Will Be to Adjust Your Selling Tactics
Learning how the platform works is just a starting point - you will have to continuously explore the ins and outs of eBay to ensure you know all the tricks of the trade and keep up with the changes. The more you know, the easier it will be for you to figure out how to sell on this marketplace. Here's a video with some excellent tips for new resellers.
Know What to Sell - Items in Demand Will Sell Easier
If you don't have a specific category of items to sell in mind, you would do best to conduct some research and find out what is currently in demand on eBay. Luckily, that list is quite long - there are so many popular categories. Second-hand furniture, collectibles, sneakers, vintage records, vintage clothes, and electronics - these are just a few of those categories.
You can start with one of these categories, but you can also start by posting something that you have an abundance of and see how the business develops. Maybe you have a book collection you want to sell or a toy collection your kids have no use for anymore. Post a few items to see how well they sell, and then go on from there.
How Much to Sell on eBay to Make a Profit?
Obviously, this will depend on what you're selling on eBay, but one simple rule that can help you figure this out is to check the prices of similar items as those you want to list. See how much they go for, and try to price your items accordingly. Don't make the price much higher than the average because that will drive the buyers away. When you're a beginner, it's more important to make a few sales and get some good reviews to establish yourself as a reliable seller - the profit will come later, so stay patient.
Pay Attention to the Way You Present Your Items - The Quality of Listing Is Crucial
When a buyer looks for products, they will determine who to purchase from based on the listing. The art of creating perfect listings is a complex one, and it requires time to figure out how to do it properly. Here are some tips for beginners.
Product Descriptions Should Offer a Lot of Information
Buyers need information - the more you describe the item, the better chances you have of selling it. Be honest in your descriptions, and don't hesitate to mention any imperfections if the item has them. Buyers appreciate honesty - it's what will establish your credibility as a seller.
Photos Must Be Top-Quality
Blurry photos have helped no one sell things on online selling platforms - try to post high-quality shots of items in good lighting. Capture the item from all angles. As mentioned, don't hide imperfections - just show them in your photos and elaborate on that in the description of the listing.
Don't Limit Yourself to eBay - Use a Crossposting Tool to Post on Multiple Marketplaces
While eBay is undoubtedly one of the best online selling platforms, skilled resellers will rarely limit themselves to just selling on eBay. There are many other platforms that can help you boost your profit, so why not give these marketplaces a chance as well? All you need is reliable software for selling online - and our Zipsale is exactly that. Zipsale helps sellers manage their listings on multiple platforms and handle their inventories without much trouble. It's a simple and efficient tool for crosslisting - are you ready to sign up and try it?
