If you are interested in selling an item on eBay, it might be slightly more complicated than you would think. There are certain protocols, and processes which you should follow to ensure that your personal information is safe, and that your item will sell.
This article explains the need to know on how to sell your item quickly and efficiently. In addition to these tips and tricks, it is recommended that you do your own research on how to be successful before you begin your sale.
If you are wondering what price to set your item at, it is a fact that lower starting prices attract more bids. It is also a fact that auctions with lots of bids end up with higher prices.
So you always want to use a low starting price. The exception to this is if you are selling a very expensive item that you could not afford to lose money on, or if you are selling an item that is so specialized that there will not be many bidders.
If you do not have an item in mind to sell but want to begin the selling process, start with items around your house. Essentially you want to have an eBay garage sale.
Just take a box and go through your house and place things in it that you haven’t used in the past year or so or don’t really need or want anymore. This will give you some experience, clear out some space in your house and give you a little cash flow to invest in merchandise to sell.
Forget trying to sell popular or hot consumer products. Look for a specialized niche of some kind where there isn’t so much competition.
You may be wondering if you should use optional listing features like bold, highlight, gallery, etc. This depends on a lot of factors but mostly it is a question of return on investment.
For example, the Bold option costs one dollar, so it would not make sense to use this on a low cost item. eBay claims adding Bold will raise your final value by 11%.
If you were selling an item that you thought would go for around ten dollars, this would result in a break-even result. But, if you are selling something that you think would go for more than that, this option makes sense.
If an item is popular, you can use a short duration like three or five days. On most items, you may want to use five or seven days. Try to save ten-day auctions for very expensive items when you want to get the most exposure to insure getting the highest price.
Write a clear and concise description that fully describes what you are selling. Include any specifications or physical description.
If you are selling anything used, be sure to describe its condition and reveal any flaws. Include clear photos of the item being sold and a close up of any damage (tears, scratches, dents, etc.).
Include details about shipping, payment types accepted and your return policy. Writing listings is a real art they you will learn with experience.
Always include a photo with your item! Bidders rarely bid on listings without a photo.
You should also always use the thirty-five cent gallery option so your photos show up in the search
When it comes to receiving a payment, you might wonder if you should accept personal checks. People generally don’t use too many personal checks any more, but you do get the occasional one.
A good policy is to accept personal checks under one hundred dollars for immediate shipment from buyers with a feedback score of over twenty five (and a high positive rating). Otherwise, hold the check until it clears.
Checks used to take a week or more to clear, but nowadays they clear in one or two days so this isn’t a big issue. Be sure an always email the buyer when you receive their check.
When it comes to selling in an online auction, it can be trickier than it seems. Take the time to research the different methods that will equal a success for you, and have fun with the process!
Tommy Greene has worked as an auctioneer for the past 18 years and written hundreds of articles about penny auctions and Bidsauce.