Thursday, December 13, 2007

Ebay Marketing Tips

E-Bay can be a very powerful place to make more money on the internet. There are many internet marketers that use eBay exclusively to make a full time income from home. Each day people spend millions of dollars in the eBay marketplace as they know they can often get great deals for many different products and services.

It is important to learn a few things before you start selling on eBay. The reputation of your account is very important and it is critical that you maintain a 100% positive feedback rating in order to maximize sales. Many eBay buyers are very reluctant to purchase from sellers that do not have a perfect feedback rating since they believe that these sellers are not trustworthy.

Make sure that your product descriptions are accurate and do not make any false claims or misleading descriptions because this could lead to negative feedback. Picking the right products to sell on eBay is also very important. You can the eBay search function to look for products that have sold well before and this feature will also allow you to see the price they sell at too.

It is also a good idea to accept as many different types of payment methods as possible but make sure to always accept paypal as many people do use it to buy things online. See if you can find any dropship wholesalers as they will save you time and money since you will not have to carry any inventory or rent space for your inventory.

Also you may be tempted to use the 'Buy It Now' feature but it is often best at least at the start to avoid it and stick with the traditional bidding system. Remember that eBay is famous for its bidding structure and people want a deal and most want to bid so let them. Also do not start with a too high bid price otherwise this will discourage others from bidding so start with a fairly low initial bid. The eBay site itself can be a fantastic source of information so be sure to look through their faqs to learn more and most important of all take action and learn from your experience.

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