Auctions – Why Doing Business on eBay is Different From Having a Real, Brick and Mortar Store
December 24th, 2009 · Posted in internet terminology · 0 CommentsWithout doubt you will more than likely know that there is huge sums of money to be made on eBay, right? With get rich quick schemes and hype all over the web, eBay seems to be the one most entrepreneurial minded people turn to as it is the one which is actually proving it’s claims of turning ordinary people like you and I into wealthy individuals.
The first main difference is that you are not restricted to a certain area. If a brick and mortar shop was dedicated to people living in a certain area, the eBay commerce is opened to the entire world, so you have to be prepared to respond to all your clients’ requirements, even if they are hundred meters or thousand kilometers away. Most of the times, this is a good thing, because more people get to see your merchandise and offer bigger prices for it. Yet, there are cultural differences, as well as differences in the time zone which can make this business quite hard.
That’s 114 million eBayer’s sat eagerly with their credit card in hand waiting to buy something from somebody so why shouldn’t that somebody be you? The answer to that is, the 114 million ebayer’s don’t know you even exist yet. Actually, no matter how many eBay auctions you have or how many products you sell 114 million is a very big number and most of them will never know who you are, which will not effect how successful you are in the slightest anyway. Even the most successful eBayer’s are not know by everyone, but they do have one thing in common which is they all started out as buyer’s themselves which is what I recommend you should do too. This will help you understand how things work on eBay and how it all works and feels from the buyer’s perspective.
Which leads us to the buy it now price, which means if someone thinks your item is worth what your buy it now price is they can buy it there and then without having to wait until the end of the auction.
For most eBay auctions this option can be used, and should obviously be set to around the price for which you would be willing to sell your item for, again this is common sense. This is also a great option if you are selling more than one of the same product. When setting your price you should also take into consideration the shipping cost because potential bidder most certainly will as the buyer usually pays for shipping.
So if you can keep your shipping cost down or better still offer free shipping on your eBay selling item you will have more eBayer’s bidding on your eBay auction.
If you can offer free shipping make sure you highlight the fact in your listing so potential buyer’s can see that it’s free. One thing not to forget when pricing your ebay auction items is the actual value of the item. In some markets your ebay selling item may sell for quite a high price. But your selling yours on eBay, and you must not forget this as eBayer’s are looking for bargains. so research your similar items on eBay and see what they’re selling for, this way you can set your price accordingly. If you are selling an antique or a collectible item if I were you I would have it professionally valued before even thinking about listing it for eBay selling
Resource Author Francisco Rodriguez H.
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