You can save alot of time and money using this plan before investing in an inventory.



The Competition

Lets say you want to sell an item in your eBay auction or store.

First you have to see if you can compete with the other eBay sellers that are already selling that same kind of item before buying a large inventory.

Price Ranges

Write down the different sellers of the item and the price ranges.

This way you can figure out if you can compete with the average prices and if you'll be able to offer your item at the lower price range if you want to be more competitive and get more sales.

Item Popularity

Also if there are not too many people selling that kind of item start with a low inventory to first make sure that there will be a demand for the item.

Test Product First

Whether you're new to selling on eBay or starting to sell a new product on your eBay auction site you should start off slow.

Why?

You have to test how the item sells in an auction before buying alot of the product from your supplier.

After doing some auction testing of your product you'll know if you can compete with the other auctions of your same item.

You can list an item and see how it does for a while. You can adjust the price if that would help and if it does well then you can increase your inventory.

Buyer Discounts

You can increase your eBay sales if you offer your customers incentives such as a discount when they buy more than one item around the same time from one or more of your auctions.

Combined Shipping

If the items you are selling are small, light weight, or the s/h cost to you does not go up that much when adding on more items, it is another incentive to buy from you if you offer a discount on combined shipping. This would apply if more than one item is ordered at the same time or within a time frame that you set.

Shipping Calculator

If they can use a shipping calculator to get an accurate s/h cost for their item and they live closer to you then someone else, they will not be paying the same higher shipping cost and that will be an incentive for people who live closer to you to buy from you.

Details

Just put all of the details in your auction and your visitors and customers will always consider buying from you because you gave them a discount and the charge for shipping was accurate.

Business Resources

There are alot of good eBay plans, articles, eBooks, software, tools and resources available that will help you to increase your eBay sales and explain in more detail how to go step by step to a successful eBay home business. what to do and when. What you should not do and much more good advice.

By doing all of the above as part of an eBay business plan you will be on your way to having a successful eBay auction site or store !