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10 Tips to Starting a Financially Successful eBay Business Starting Right Now

By Mike Makler

Republish: EasyPublish™ Published: 13Jul2007 Word count: 650 Viewed: 183 time(s) Get Free Content For Your Site

eBay is Perhaps the easiest and fastest way to start a home based online business. According to recent Newspaper Articles over 30 Billion Dollars in Product are sold on eBay Each year. Unlike your standard brick and Mortar Business anyone with access to the internet can start an Online Home Based eBay business with little or no out of pocket expense or risk..

Here are 10 Tips to starting a Successful eBay Business

1 - Become an eBay Shopper

Register and get yourself an eBay account. Do different searches and buy some items of interest. Pay for your winning Bids Promptly and get positive Feedback.

As an eBay buyer see what ads catch your eye and what ad doesn't. Be a critic, find 3 or more ways to improve each Headline, Each Description.

2 - Register as an eBay Reseller

Go to the eBay Web Page and Register as a Reseller. Be sure and read all the terms and conditions and user agreements carefully.

3 - Take a Class about selling on eBay

eBay Offers online Classes starting at $19.95 and up at eBayuniversity online.

eBay also Offers Classes in a Live Seminar Format at Ebay university.

There are also many excellent 3rd party live, Home based or online courses you can take to learn to be a successful eBay seller. See if your local college offers a continuing education course on selling on eBay.

4 - Sell some Household Items on eBay for practice

Find something around the house you no longer want to sell on eBay. Some Old Jewelery, a Game your child outgrew, that Gown you bought on sale and never wore, the Special addition Rubik's Cube. One man's junk is another man's Treasure. eBay is the garage sale for the 21st century

Write a good ad with a headline and description. Determine your target price and place the item up for sell. Did you get your target price. What could you have done different to get a better price.

Sell 4 or 5 items until you feel comfortable with the whole process. Learn what works and what doesn't work.

5 - What to Sell on eBay

Sell something you enjoy. If you enjoy what you are doing you more then likely will be more successful selling it on eBay. Sell what you know. If you couldn't spot a Rolex from a Timex you don't want to be selling watches on eBay.

6 - Create Your eBay Ad

Use Keyword rich text in your eBay ads so they will be picked up by search engines. Make sure your text is people Friendly and People Readable. Your ad headline should grab them and make them want to read your Ad. Your Ad should be compelling and make them want to buy your product. Don't be afraid to purchase a book on copywriting. Review ads and headlines of your competitors see what works and what doesn't (If they are getting bids for their eBay auctions it works.)

7 - Every eBay Ad needs Pictures

You need Pictures with your eBay ad. If you are serious about selling on Ebay you will need a good Digital Camera, Don't skimp. A 5 Mega Pixel camera is Good a 6 or 7 Mega Pixal Camera is Better. All things being Equal between 2 Ads the one with the best pictures will get the Best Bids.

8 - Payment Options

It is always best to have lot's of Payment Options, Paypal, Credit Cards, Money Orders. If 2 Auctions are the same the one with the most flexible payment options will get the best bids

9 - Shipping

Make sure you pack your items well. Research shipping options and pricing and list them in your Auction, Offer insurance as an Option and charge the actual cost.

10 - Feedback

Always give your Buyers Feedback especially if it is positive. After you give positive feedback request positive feedback in return.

Good Luck and Happy eBaying.

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