Archive for the ‘eBay Business Info’ Category

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The Secret of to a Successful eBay Business

Sunday, October 26th, 2008

Selling on eBay can be a good way to start a new business. It is also a good option to expand an existing business by selling online. Everyone from the small dealers to giant companies use ebay to have a profitable business.

Running a business on eBay is just the same as running an ordinary retail store. You also have to deal with product selection, product pricing, inventory management, purchasing, shipments, advertising and customer service.

Another thing to consider is the legal and accounting aspects of the business. Selling online does not mean that Uncle Sam won’t expect his piece of the pie. Revenue generated by an ebay business is just as reportable and taxable as the ordinary retawil business. If you sell within your state you may also be responsible for city or state sales tax.

You may be the only store in town selling a one of a kind product that is custom-made just for you, do a quick search on eBay and you will find out a hundred others just like your product.There are lots to sell on eBay. You can even sell quality junks on eBay. A one man’s junk may be another man’s treasure. Selling your junk can also be a profitable business.

Some people sell craft through eBay, while enjoying your hobbies, you also earn profit out of it. 

Are you still wondering if selling on eBay is still a profitable business? Certainly yes! Thousands of people have done it so can you. A large number of people visit the ebay site daily to find what they what and buy it. They are your potential customers.

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Finding Your Way Around the Jungle Called eBay.com

Friday, October 24th, 2008

There are so many web pages in the internet offering ebay tips or help.  They are all good but you might get lost in the jungle call ebay.com because of their huge number. There are so many tips that an ebay beginner cannot put into practice, It is important for an ebay beginner to know the best possible  information on how to be successful in doing business on ebay. Here are some important factors an ebay beginner should know.

  1. Get a good “How-to” instruction. There are millions of tips you can find in the internet but the “no-frills” versions for me is the best. 
  2.  Learn some HTLM. Try to be familiar with HTML basics. Learn how to modify texts and links, how to add colour or how to add pictures on your site. Your auction listings should look impressive.
  3.  Study some books on sales language. Learn from your own experience on how to bid or purchase on ebay. Study your buying or bidding strategy.
  4.  Learn to make high quality picture. Without a picture on ebay gallery, your ebay business will not grow. Do not upload item pictures that are too big because it took more than a couple of seconds to download the picture. Customers can’t wait that long.
  5. Don’t be afraid to get started. If you are not confident in selling, start in buying. Get familiar with the ebay rules and policy and online payment system. Get yourself a paypal or stormpay account to pay for items and receive money each time you sold your items.

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eBay Terminologies and Abbreviations

Sunday, August 24th, 2008

eBay can be a source of headache especially when you don’t have any idea what they are talking about. To help the eBay beginners, here are a list of words and abbreviations commonly found in eBay.

Terminologies

  • Bid- the maximum amount you are prepared to pay for an item in eBay.
  • Dutch- an auction where more than one of an item is available.
  • Feedback- comments left by users on eBay.
  • Mint- in perfect condition.
  • Non-paying bidder- A bidder who wins an auction but does not proceed to buy the item.
  • PayPal- an electronic payment , method accepted and used by most sellers and buyers in eBay.
  • Rare- used and abused on eBay; meaningless.
  • Reserve- the minimum price a seller will accept for an item.
  • Shill bid- a fake bid placed by a potential seller to boost up an auction’s price.
  • Snail Mail- post mail; very slow compared to emails.
  • Sniping- bidding at the last second to win the item before anyone else outbids you.

Abbreviations

  • AUD- Australian Dollar (currency)
  • BIN- Buy it now ( fixed price )
  • BNWT- Brand new with tags (never been used, original tags)
  • BW- Black and white ( for films and photos)
  • CONUS- Continental US; generally used by sellers who don’t want to post in Hawaii or Alaska
  • EUR- Euro (currency)
  • FC- First class, type of postage
  • GBP- Great British Pounds. (currency)
  • HTF- Hard to Find
  • NIB- New in Box; never opened, original box
  • NR- No reserve. An item where the seller has not set a reserve price
  • OB- Original Box. Might have neen opened but still in original box
  • PM- Priority Mail
  • PP- Parcel Post
  • SH- Shipping and Handling. The fees a buyer will pay for postage
  • USD- United States Dollar (currency)
  • VGC- Very Good Condition. Not mint though

Here’s a tip, though to make a good sales on eBay. Avoid using the abbreviations unless you really run out of space because many people are still not familiar with ebay lingo and they might end up confused instaead of interested.

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How Dropshipping Works

Friday, July 25th, 2008

Dropshipping is one effective way to sell and earn on eBay. Here are seven easy steps on eBay dropshipping.

  1. Choose a product to sell.  The very basic step in selling is deciding what kind of product to sell.
  2. Locate a supplier. Find a supplier who gives you a good price so that you end up with a good profit.  Supplier who will dropship for your behalf. Just make sure that these dropshipper has enough supply to evade back-orders.
  3. Set up an account. Set up a reseller account to the dropshipper you contacted. These are done online or by phone. Some companies may require a tax ID or a business liscence. Other companies require you to complete and return a reseller application form to open an account.
  4. Advertise the product on eBay. If you are all set to sell your product the best thing to do is to advertise it on eBay. Advertising plays a major role in any business.
  5. Use Paypal or online payments.  As your product are sold the customers will pay you with a paypal instant payment. Online payment is hassle free and is fast.
  6. Place the orders to the dropshipper. As soon as you received the payment from the customer you should contact the dropshipper. Immediately order the product and the supplier will ship it to your customer on your behalf. Just give them the complete name and address of your customer.
  7.  Follow Up after Sale. After the customer pays you, you need to follow up in order to have feedback. If there are problems with the order you are the one responsible not the dropshipper. Let your client know that their order has been ship and is on the way to their doorsteps.

Many eBay beginners are afraid to use dropshipping due to the stories they read on internet about the unscrupulous dropshippers who just took your money nut will not ship the product. But there are also hundreds of honest dropshipper in the industry that will help you build a profitable dropship business.

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Dropship Your Way To Ebay Success

Tuesday, July 1st, 2008

Dropshipping is a method of selling and distributing goods to the end user.  The supplier ships directly to the customer on the retailer’s behalf.

The process of dropshipping involves three parties who take a product from manufacturing to the enduser. They are the manufacturer, the distributor and the retailer.

Dropshipping evolves since Sears first started selling goods from its mail order catalog over a hundred years. The idea of dropshipping still confuses many customers who don’t understand exactly how the process works. In the internet years, dropshipping exists as a viable way to launch a product on ebay.  But it is still misunderstood. 

In dropshipping, the supplier of the product is the dropshipper, who ships directly the products to the customer or the end user on your behalf as the retailer. The manufacturer will sell you products and ships the product to the name and address you tell them to deliver the goods. These is how dropshipping works.

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