Payday on Ebay?
When you need that extra surge of cash, or are thinking about starting your own business, Ebay can be a really useful tool. Ebay is an online auctioning site that practically anyone can use over the age of 18. Not only can you sell, but you can also buy things. Below is a guide not only to effective selling, but also how to find the best deals when buying.
Before you start your Ebay adventure, it’s best to familiarise yourself with the fees you may incur, as unfortunately, Ebay isn’t free!
- Free listing of up to 20 items per month
- Every item over the 20, you will incur a flat 35p listing charge
- Fees are 10% of the final price (including postage)
- If using PayPal, 3.4% of the total sale up to £1500, plus 20p per transaction
Sounds complicated, right? However there is an easy to use Ebay fee calculator which can be found here.
Sell it to me
If you wanted to, you could sell practically anything. We’ve heard the stories of people trying to sell water or even air, and if they can sell that, then there is a space for any of your unused stuff.
There’s plenty of ways to sell your product, and you can try and create your own individual style to selling, but we have collated a few of the more concrete and universal tips.
Research, research, research
Keep a close eye on other items, especially ones that are similar to yours, to check prices, and information that you can use to improve your listings. At the end of the day it’s a competitive market, like everyday business.
Think of what your customers will be typing in to find your product. Use these keywords to enhance your listing’s position in the results. A helpful list of keywords, with attention to specific categories can be found here.
Good quality photos
‘A picture speaks a thousand words’ – and they do in this case too. Good quality pictures of the product you’re selling accounts for a huge part of a customer’s purchase decision. Make them of quality, and honestly take close-up shots of any defects or problems. This will increase the consumer’s trust in you.
Free listing days
Avoid the fees. Ebay sometimes offer days or periods of time in which they allow listing on their websites free of charge. Check the website regularly for these events and take advantage of them. Fees can build up without you realising and therefore these free listing days can save you lots.
Time of the day
Make sure your item finishes at a busy time of the day. When your listing is nearing it’s end, it appears near the top of search results, and people will be readying their bids. However, if your listing is ending at a time when no one is on Ebay, then there is less chance of there being a number of customers readying bids. Just like a good advert on television, broadcast it when the audience is at its biggest. On Ebay, the busiest and most recommended time is around 8-9pm on weekdays as that’s when most people are using their free time to shop around on the internet.
There’s nothing quite like the thrill of shopping, a bit of retail therapy. With an estimated 4 million users listing at least once a month, there is endless shopping to be done!
However, with there being so many items on Ebay, and with some categories hugely saturated, you have to shop smart to get the best deals on the exact things you want.
Whether it be a typo, or just poor spelling, misspelt listings can be lucrative for eagle-eyed customers. The misspelling will mean that they won’t appear on the immediate results when you search on Ebay, and so many people will not see them. Here is your opportunity. Actively looking for the spelling mistakes can mean you find the item you want, unopposed by other customers, and so you can get what you want without starting a bidding war. To make it easier to find misspelt items, there are websites that help you. Fatfingers and Goofbid are two especially useful ones.
These are especially useful for bidding wars. Snipers allow for last minute bids to be put in, to not give other bidders a chance to make a bid. You can download software from many websites which allow the use of snipers. Snipers can be set to be activated even when you are not on Ebay. However, make sure you think carefully about the limits you set your sniper, as you don’t want to set it too low or else there may be a chance you will miss out.
Look for local listings
Especially in the case of larger items on Ebay, the seller may offer a pick up only listing, which can rule those bidders who live too far away out. If these items are in your local area, or within pick-up range, they can often be cheaper than those offering nationwide/international delivery.
Just like classic and traditional buying, you can haggle on Ebay. If you like the product but don’t like the price, contact the seller. They may be open to haggling if they want rid of their product, after all if you don’t ask you’ll never know. Other than that, sometimes Ebay listings offer the customer a chance to make an offer for the item.
Easy right? Ebay, if used right, can help you make money on selling items and lets you save money on buying things. It really can be quite handy, and admittedly, quite addicting, so get involved!