We’ve all heard the success stories about people who have created an eBay account and struck it rich. Then there are tales about business owners who have doubled, tripled and even quadrupled or more their annual sales using this online marketplace.
Are these stories true? Or, are they just tall tales?
The stories are absolutely true. With shoppers and sellers coming from all over the world, the eBay site is one of the busiest on the Internet. Millions of people peruse its pages looking for buys every day of the week. The variety and quality of items found through this marketplace are also amazing. From regular yard sale type merchandise to brand new collectibles, electronics, clothing and more, this site is a shopper’s paradise.
The advantages of using eBay as a sole sales tool or to augment another outlet, such as an actual storefront, are amazing. The simple fact of the matter is that no single physical location can hope to offer the kind of traffic potential eBay does. Sellers here are exposed to buyers from all over the world, 24 hours a day. Those doing the selling even have the option of listing their goods at auction or setting outright prices. There’s never a reason to feel like it’s necessary to let products go for less than what they’re worth when this site is used. Still, it is important to remember that eBay users generally are looking for a bargain. Many, however, are more than willing to pay top dollar for rare or hard-to-find items.
Getting started with creating an eBay business is actually rather easy. All that’s necessary is a desire to get going, products to sell and a basic understanding of a computer and using the Internet. The overhead is practically nonexistent and the need to have a store manned by employees isn’t necessary to be a success in this arena.
Business owners and others that wish to augment income will find eBay is fairly easy to dive into. Whether it’s single listings or a full online store, a little know how about the site is also important. For example, eBay functions as a “community.” This means members talk and they share information about buyers and sellers. Feedback ratings here are somewhat akin to working with a Better Business Bureau in a city. If the reports are good, sales likely will be, too. If they aren’t, it could be time to move on.
Once a shop is set up, potential eBay entrepreneurs will need to consider such things as creating listings, handling customers and money and even shipping concerns. The name of the game on this site is customer service. Those who provide it and do it well tend to thrive. Those who don’t, don’t.
To help beginners just starting out with an eBay business, we’ll look at the basics. From setting up shop and creating listings to advice on handling customer service, it’s all very important if creating a successful eBay business is the goal.