What does EBay business? Well, there is nothing magical or technical in this regard. It is only buy and sell for profit. It will buy undervalued used vendors online or offline products and sell them at higher prices to ready buyers on EBay who value products because they need them.
What eBay, and not other websites? Well, the reason is because eBay is a great online marketplace. Billions of products listed on EBay each year, and annual sales on the web site totaled more than $30 billion. Are you interested in starting an EBay business and make money from home? You must then follow these steps:
20 EBay Business ideas to start from home
How to Start an EBay Business from Home - sample business plan template
1. Obtain Everything You Need To Start
To start an EBay business, you need a PC and a high-speed Internet connection. You will also need a good digital camera to take clear pictures of the products that will put on sale. If your phone's built-in camera can take clear photos, then no need to buy a digital camera.
In addition, you must register as an eBay account and a PayPal account to receive payments. You will also need about $100 to start, as well as envelopes and shipping labels.
2. Decide What To Buy And Sell
It is highly recommended that you buy and sell only items on eBay that interest you and for them to know much. This is because that, to sell what you know, you can answer questions that prospective buyers will be formulated on the product.
Imagine that you bought a used Android smart phone that knows nothing, and a potential buyer asks if your product has a TFT screen or an IPS display, and has no idea of what both terms mean. The potential buyer will probably take it by a scam and will not contact you immediately.
Another recommendation is that you buy and sell only products that sell well. You will not earn a decent income selling Polaroid films now that people no longer used Polaroid cameras. Instead, you may consider to sell smart phones, digital cameras and tablets, since currently these products are in high demand.
You must also take into account the range of prices of the products before deciding what to buy and sell. Sell high-priced products will bring you more profits per sale. But if you choose to sell low-priced products, it will have few gains with each sale, which means that it will have to sell many items to make a decent profit.
However, selling high priced products will require more capital. Therefore, you should consider your pocket before choosing which products to buy and sell on EBay.
3. Build A Good Reputation In Ebay
If you are just starting out on EBay and your account has no feedback, you will need to get some feedback to build some credibility. Buyers are usually reluctant to deal with Sellers who have no feedback. So you should try to get around 5-10 entries, so buyers will see you as a trustworthy seller.
The easiest way to get some feedback is to buy some bargains on eBay. You should also consider purchasing some of the items you need for business, such as shipping labels, envelopes-all in small quantities to get you going. Once you have 5-10 entries, you're ready to start selling!
4. Learn How To Create A Good List
Knowing how to create a good list is very important, so do not start listing your items for sale without learning this.
Since this article is not a tutorial on how to create good Ebay Listings, we will not discuss the topic here. You will find some online articles on the topic; just search Google and they will be yours to be free. Learning how to make a good list should not take more than an hour of your time.
5. Start Getting Your Product
This is the point where you should really invest your money. You can visit local stores that sell used goods or ask friends and family for items they use no longer need. However, you should check the condition of the goods before buying them.
Alternatively, you can search on the web for wholesalers, who sell you bigger quantities of products at very good prices. Many people are selling items on eBay sources for items using both methods. You can too.
6. List Items And Start Selling
List your items on eBay and declare your price. Add multiple photos of each item, so buyers will see as much of it before making a decision. Provide a detailed description of each item, state clearly if each has an error that needs to be fixed. Answering questions from potential buyers soon and honestly.