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And although other online sites have cropped up to challenge eBay — think Facebook Marketplace — it remains the top dog in the genre. On its website, eBay lists about three dozen categories of merchandise that are the most popular, and sellers are making money on eBay from them.
The old VHS tapes your kids watched over and over? Tapes are listed among the popular categories, as are DVDs and Blu-ray discs. Even nonworking items, such as electronics , have a market, with buyers seeking to repair them or use them for parts. Try making money on eBay. The vast reach means someone might just be looking for something you have. With that like-new guitar and those Air Jordans that your parents gave you but you never wore because they were a size too small, try your hand on eBay.
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The most successful eBay sellers are those with high feedback ratings. Every transaction you take part in can be rated. The seller may leave feedback about you as a buyer — how quickly you paid to complete a transaction, typically — and a buyer can rate a seller on how fast an item was shipped, how well the seller communicated, and the quality of the item and whether it was as advertised. Buyers might be hesitant to bid on an item from a seller with no feedback, so eBay veterans recommend making a few small purchases before you start selling.
Are there other Air Jordans like yours being offered? Do a Google search of your item to find out the asking price of similar items on other online sites to help inform your price.
More on that later. A good sale begins with a great product description — and sharp pictures. The description should be concise and accurate. The best eBay users know how to search for the misspellings, and they can snatch your shoes at a ridiculously low price because no one else can find them to place a bid.
EBay will allow you to post a main photo and several side pictures. For the main photo, eBay recommends you use a white background to increase visibility. Other photos should be taken without flashes or filters, and your item should fill the entire frame. One other thing I figure in that I didn't see mentioned How many sales of similar priced items will it take to make up for a loss of an item.
If the number is too high I won't touch it. Most of my items are 1 sale or less to make up for a loss theft, breakage, etc. I will make exceptions for categories I know are almost absent of fraud and breakage. Also figured into cost if you have one that some people forget is store subscription. I divide the cost of the store by the number of transactions not lisings.
Wasn't very long ago someone who posted on the board was losing money, but thought because he got to list a lot the store was a good deal, but when figured into what actually sold it was a terrible deal. There was never yet an uninteresting life. Such a thing is an impossibility. Inside of the dullest exterior there is a drama, a comedy and a tragedy. I don't try to divide my fixed costs up between as many items as possible. That way lies madness.
Usually by the end of the first week or the middle of the second week, I have already gone from red to black. Those fixed costs subscriptions, packaging supplies, and any equipment I may have purchased that year like the paper guillotine or tape emoizer, which turned my normal rolls of tape into emo tape that cuts itself also just get logged on my expenses worksheet to be tallied up at the end of the year for tax deductions.
If you mark up less than that, you might make a bit of money but I know a lot of sellers say, "Wait a minute! The only reason big companies can work on smaller margins is because they often manufacture their own goods and because they sell in HUGE volume.
Everyone, I was just using that as an example. My margins are much, much higher. I just did not want to get into a discussion of how to buy something for a penny and sell it for a dollar. It's not that difficult to find inventory to double your money on, so I used that as an example.
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