How To Set Up Your Own Ebay Store

How To Set Up Your Own ebY Store Planning "Well where do I start?" and there is no real answer to that, because there are lots of starting points, but you need to be sure that you plan and you plan well, the more planning you do the less mistakes you are likeély to make. The first item ever sold on eBay was a broken laser pen, way back in 1995 Products & Suppliers Firstly you need to look at the products you would like to sell, if you are a new business then you want to look at beginning with around ten wholesale próducts. Some people say that its better if you know about these products, and while I agree with this státement I don't always believe its true. Once you have you're product range, be sure to shop around as there can be drastic price differencés between supplieřs, and be sure to'haggle! Competition 100 mer feedback, something that sets Being new on the market you are going to have L knowledge, or o you apart from the rest, nów this can be one of two things: lóyalty. So you need something difustomer Plan A: ensure that you're prices are at least 10% cheaper than the cheapest within your market. You thén need to work out if you're price'was 10% cheaper than that would you still make money. The most expensive this a TES, continue on Plan An alternative product thing ever sold on eBay was a Gulfstream jet worth $4.9 million, in 2001 You then need to decide at what point you will put you're prices up, or at least re-consider you're pricing, this could bé set by šelling so many of éach item, receiving so much customer feedbäck or by a certain date. Plan B: Alternatively if you don't want to compromise on price, or cant afford to due to a competitive market, look at offering different opțions to the buyer. You may find your competition are selling bundles of items such as 4 for £9.99'. You may find they aré selling a wide range of colours or some other attractive point. MY MOST IMPORTANT TIP: If you see a lot of people selling the products you want to sell, and they have 100 in stock and they have sold maybe 5 or 10, and if the last sale was more than two weeks ago, GO west priced, people selling this item who are the BOARD! than five, GO TO THE DRAWIold less tA more than five BACK THE DRAWING BOARD. Publicizine There are a million and one, 'noob' mistakes when creating a new listing on eBay, so here are some top tips to ensure that you are maximising views, interesť and salés on ALL of you're products: 1. Check Spellings - There are now sites dedicated to finding misspelt products on eBay, you may thĩnk its stupid, but its common. 2. Check Çategories - You have seen W under the samercition is, so find out what where you're In 2004, a grilled category they čome under, doy you come cheese sandwich 3. Picture Perfect - No matter what you are selling, always, always, always add a picture! bearing the image of the Virgin Mary sold for $28,000 4. Keywords - It's highly important that you use all the space you are given in the title bar, số make sure you describe it as thoróughly as possible. 5. Accuracy - When you become a seller on eBay feedback becomes important, it becomes the basis of reputation for yourself & your business, so make sure descriptions are accurate. After Sales buyer. Ensure that vou keep proof portant that you regularly chase up items which have åny delay in geting there, Some buyers will also try tọ gét another one of the item or a řefund out of you claiming that they have not receivěd the item. Once you have sold item its postage for all younunicate effectively with because automated ónsite functions if you have a louyer positive feedback, and make use of Buyers are just as important once you have your money, it may not seem that way, but thế feedback they leave you should be as important as the sale itself. Ebay revenue and profits £7.4bn total sales in 2011 Average of 39 items and £1500 £2 billion profit in 2011 per person Internet spending accounted for 12% of UK retail in 2011, the highest figure in Europe Switzerland Germany 9% UK Norway 8.1% 12% 8.7% Buyer habits At any given time there are 100 million listings on Ebay worldwide Busiest time for Ebay sales 6pm - 10pm on Sunday Sales arising from mobile devices are the biggest area of growth Sat Sun 6-10pm and 6.4 million listings are added every day 2011 £4 billion 2009 2010 £900 million £2 billion 233 million registered users and 90 million active users globally In the U.K. 17 million people visit Ebay every month, and there are 180,000 registered U.K. based Ebay businesses 211% increase in 'sniper' use (compared with 2010) How Does eBay Rank Top 10 Searches in 2011 It's Listings? 1. Apple iPad Best Match (factors in order of importance): 2. Apple iPhone 4 1. Conversions (successful hits) for listing 3. Victoria's Secret --- ------------ 2. Customer satisfaction 4. Nintendo Wii games (detailed customer rating- NB only the last 30 days are considered here) 5. Nintendo DS 3. Customer satisfaction Ifeedback score 6. Playstation 3 from the past 90 days) 7. Nikon D90 4. Conversions (successful hits) for seller over the past 90 days 8. Diamond Ring 5. Disputes - significantly not as described. 9. Sunglasses 6. Disputes - item not received 10. Laptops Prohibited Items In 2008 lan Usher sold "his entire life" for $384,000 - which included his house, all his personal possessions, introductions to all his friends and family and a trail period at his place of work Tobacco Alcohol Drugs and Drug Paraphernalia Bridgeville, California (pop. 25) was the first town to be sold on eBay in 2002, and has been up for sale 3 times since BRIDGEVILLE 1 Bootleg Recording CALIFORNIA Firearms Confidential Documents In late November 2005, the original Hollywood Sign was sold on eBay for $450,400 HOLLYWOOD Live animals - Explosives In October 2008, amidst the 2008-2012 Icelandic financial crisis, one seller put d for sale. The auction started - Military weapons up Cebid of 99 pence and reached £10 - Uranium with a million Plutonium CLEARA CLEBALE Sources: www.auctiongirl.com www.managementtoday.co.uk www.goofbay.com www.statista.com pulse.ebay.com scrobbld.wordpress.com www.yahoo.co.uk www.wikipedia.com Brought to you by AAAAAAPAAAA