eBay presents a cost effective opportunity to sell your products and services to an enormous international marketplace. eBay should be treated as any other marketing channel, as a potential source of sales and customers
Why your company should be selling on eBay
Increase brand awareness and acquire new customers
Having a presence on eBay can generate brand awareness in both the offline and online worlds. Listings on eBay are not just items for sale but act to market your products to eBay's vast user base. Furthermore, if you are not selling on eBay then someone else is controlling you brand on this important channel.
The ebay interface is now fully customisable so can be modified to reflect your corporate identity.
Some of the world's largest companies sell on eBay.
Some of the world's largest and most respected companies use its platform e.g. Dell, Canon and HP. These companies act as an excellent outlet for old stock or returned goods.and also as a cost effective channel for selling their new stock and promoting their brand.
Cost effective
Compared to building an ecommerce site eBay provides a very cost effective platform for selling and marketing online. eBay shops start at ?6 per month and auction listings start at ?0.15 (?0.05 for shop inventory listings). This compares very favourably with the price of cost per click campaigns on Google or other search engines.
Your competitors are probably selling on eBay already.
If you are in a highly competitive market, the chances are that you competitors already have a presence on eBay. By searching on eBay it is easy to see what items are being sold, who is selling them and for how much they are selling.
Testing ground for new products
If you are looking to test the ground for a new product, the instant market provided by eBay can provide an excellent litmus paper for measuring the market's appetite.
International exposure
eBay is now operational in 29 countries opening up your company to an international marketplace of 187 million users and a $40 billion market. On eBay items can be listed internationally or just nationally depending on the requirements of your business.
Sell surplus stock
Due to its huge marketplace, eBay is an excellent way to sell surplus stock and unwanted assets. Items in eBay auctions fetch up to 50% more than offline auctions and 4 times more traditional liquidation channels.
Next steps
Starting selling on eBay is easy. Set up an eBay account and do some research into your market to
?Do your research. Investigate who in your market is selling on eBay
?Set up an eBay
?Do some market testing. Select some product such as discontinued lines which you think will sell well on eBay and experiment with different product combinations and starting prices.
Building a first rate eBay business will take a little longer and you may want to employ the services of an eBay consultancy to develop an impressive eBay presence.
Top Selling On Ebay
Step 1: Identify your market. Take a while to sit and watch for what sells and what doesn't out of the items you're interested in. Any market research data you can collect will be very useful to you later on. You'll probably see the ‘sweet spots' quite quickly – those one or two items that always seem to sell for a good price.
Step 2: Watch the competition. Before you invest any money, see what the other sellers in your category are up to, and what their strategies are. Pay special attention to any flaws their auctions might have, because this is where you can move in and beat them at their own game.
Step 3: Find a product: Get hold of a supplier for whatever it is you want to sell, and see what the best rates you can get are – don't be afraid to ring round quite a few to get the best deal. If the eBay prices you've seen are higher than the supplier's, then you're set.
Step 4: Start small: Don't throw thousands at your idea straight away – get started slowly, see what works and what doesn't, and learn as you go. Remember that it's very cheap to try out even the craziest ideas on eBay, and who knows, they might just work!
Step 5: Test and repeat. Keep trying different strategies until you find something that works, and then don't be ashamed to keep doing it, again and again. The chances are that you've just found a good niche.
Step 6: Work out a business plan: A business plan doesn't need to be anything formal, just a few pages that outline the market opportunity you've spotted, your strategy, strengths and weaknesses of the plan and a brief budget. This is more for you than it is for anyone else.
Step 7: Invest and expand: This is the time to throw money at the problem. Buy inventory, and start spending more time on your business. Set a goal number of sales each week, increasing it each time.
Step 8: Make it official: Once you've made a few thousand dollars worth of sales, you should really register yourself as a business. Don't worry, it's not expensive or hard to do – a lawyer is the best person to help you through the process.
Step 9: Automate: You'll probably find that you're writing the same things again and again in emails or item descriptions. This is the time to give up on the manual method and turn to automated software that can create listings for you, and respond to completed auctions and payments with whatever message you provide.
Step 10: Never give up: Even when it looks like it's all going wrong, don't stop trying until you succeed. If you keep working at it then you'll almost always find that you make a real breakthrough just when things are starting to look desperate.
Once you get into the swing of things, you might start thinking that you should quit your job and take up eBay selling part time. But it's not always as easy as that – there are all sorts of factors that you need to consider. The next email will weigh up the case for and against taking up eBay full-time.
Both Trevor P Ginn & Kirsten Hawkins are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Trevor P Ginn has sinced written about articles on various topics from How to Sell on Ebay. Trevor Ginn is an e-commerce consultant and writer based in London UK. He is an expert in online sale channels, search engine optimisation and pay per click marketing and works for the eBay services company auctioning4u.. Trevor P Ginn's top article generates over 3600 views. to your Favourites.