eBay, which connects millions of sellers and buyers globally, is an effective option for making money quickly with little or no investment. To start your marketplace and buy and sell on eBay profitably, you have to follow some vital tips.
In other words, whether you work from home with little investment or you resell huge quantities of products, eBay is a great place to maximize profits, provided you have the required skills.
eBay has one of the biggest global online marketplaces with about 1.3 billion product listings. Read on to find how to buy and sell on eBay.
Tips for Buying and Selling On eBay Profitably
1. Decide What To Sell
It's vital to take some time to decide if what you want to sell is right or a good niche before you place it on eBay.
You may be eager to begin making money on whatever products or niche you want. However, if you sell products that are missing essential parts or aren't in the right condition, you'd receive bad reviews that will make it difficult to sell other items on eBay.
If you're undecided on what to sell on eBay, employ Marketplace Research tools to discover the hottest items. You can check out the most-watched items and ones that will likely have more bids. This little research will offer you ideas on items to sell.
More so, think seasonally. You might not get several bids on items like Winter Boots, Gloves, and Wool Coats in the middle of Summer. So keep them until the right season. You might have the chance to make extra money on them when they're needed more.
Significantly, you can employ the services of SaleYee. As part of its eBay service offers, SaleYee helps sellers decide what to sell and navigate various challenges in eBay. It guides eBay sellers on how to dropship and expand their dropshipping businesses.
SaleYee is a cross-border e-commerce dropshipping firm that concentrates on empowerment for suppliers and distributors.
The platform offers more professional services based on the needs of retailers and suppliers on platforms like eBay, Amazon, Walmart, and Shopify.
SaleYee makes dropshipping easier, and it offers valuable tips on how to become successful on eBay. The tips include; how to buy and sell on eBay, where to purchase merchandise to sell on eBay, and the best items to bulk buy and sell on eBay.
2. Price your products
After deciding what to sell, you need to research and charge the best prices for your products. You can utilize the eBay appraisal tool to know the trending price or value of items in a given category.
3. Conduct Research
Before you start buying things in bulk and selling on eBay to maximize profits, you need to do some research. In particular, work out how much the product is worth, and the selling cost.
You need to know some extra costs when selling on eBay before considering your profits. Research about the products or items you want to buy and sell, where you can purchase bulk items to sell on eBay, the best items to buy and sell on eBay, and the best place to buy stuff to sell on eBay.
There are three categories of items that sell well on eBay; Auto parts, Closeouts, and Used goods. Some eBay sellers concentrate on a particular niche, while others follow popular trends to sell.
To research and see what’s trending, use this eBay tool to find what buyers want. Also, use Google Trends for analysing historical data and seasonal trends. It helps to ascertain consumer demand and know the perfect time to list and sell your merchandise.
4. Choose a Niche
Researching and picking a niche can go concurrently. You can pick a niche based on the things selling well in your neighborhood or finding more item sources. Maybe you can pick a niche because people sell those items in bulk and buy, split, and sell them in pieces.
More so, you can find products via wholesalers or dropshippers. They sell items at discounted prices to resell and maximize profits. Dropshipping firms like SaleYee can handle your shipping and orders. Specifically, you can buy items in bulk from a wholesaler and then sell and ship them.
As stated, some eBay sellers concentrate on a particular niche, while others follow popular trends to sell. You have to do a bit of research to determine your niche. Be careful before choosing a particular niche, and always concentrate on items you know well.
5. Improve your eBay Profile
To make a profit on your eBay journey, you need to improve your eBay profile. And the best means to start as an eBay seller is to be a buyer first. With it, others can see you possess an eBay history and credibility.
What's more, paying for your bought products quickly, having a unique username, and giving positive feedback all builds up your eBay profile, presence, and rating.
6. Start Your Bids Low to Attract Buyer's Attention
You might want to start bidding on a high price; however, starting the bids low or at 99p can put you on a better side in the long run. Low bids can catch buyer's attention and encourage competitive bidding prices as the product got to its bidding last days.
7. Launch Auctions at eBay's Peak Period
To make profits on eBay, ensure to post your listing or auctions during the eBay peak period. Generally, the best period to end the auction is on a Sunday evening. It's mostly the time many casual buyers browse for items. It's the period that the auction starts to come up well.
8. Write Top-notch Product Descriptions
You have to craft a captivating product description that will sell your items. eBay permits 80 characters in the description title. Make it concise, error-free, and use popular eBay acronyms and keywords so that your products will be simple to find.
Learning eBay Platform Restrictions
eBay platform selling limits are restrictions on some listings that sellers, especially new ones, are permitted to post. The restriction is to save customers from any fraud or stolen goods.
The restrictions start at ten items monthly for new eBay sellers with a $500 total value. At the same time, the established sellers with credibility can apply to increase their eBay selling restrictions.
Sellers can demonstrate their credibility by selling more items, delivering them on time, and offering great customer service to get positive feedback.
The Types of eBay Selling Restrictions
eBay has a system that checks on likely scams and offers an open marketplace for buyers and sellers. The three types of selling restrictions include:
- Account-based selling restrictions- They're placed on the sellers.
- Category-based selling restrictions- They're placed on categories or certain types of items.
- Item-based selling restrictions- They're placed on specific items.
How to know your selling restrictions
You can know the selling restrictions when you post a new listing. After posting it, the eBay selling limits on your account will appear on the screen.
Also, there are two means to know limits without posting a new listing. They're:
- You can click on "My eBay" on the page header
- Sign in
- Navigate to the "Sell or Selling Manager" on page's left side
Or:
- Navigate to your "Seller Hub"
- Go to the "Overview section."
Creating Your eBay Store Account
Set up your eBay store account and sell products with the official operation. You might wish to use eBay’s store option. With the store, you can enjoy some advantages over regular eBay selling stores. Some of the benefits include increased free listings, marketing tools, and lower final value fees.
Meanwhile, you can sign up for an eBay free account. And when you wish to create a business, utilize the eBay business account sign-up choice.
Where to Buy Merchandise to Sell on eBay
A popular question in the eBay reselling space is, “where can I buy bulk items to sell on eBay?" Often, it depends on where you live. For instance, some areas have nice local thrift stores, while others utilize online wholesale sites.
The best places to buy stuff to sell on eBay include:
- Local Yard Sales, Estate, and Garage Sales-
You can get the best items to buy in bulk and sell on eBay in the above places. Ensure you're with your eBay app while doing so.
- Local and Online Auctions-
Some local auction houses do live auctions online and in person. Buying things in bulk and selling on eBay is possible on an online auction.
- Wholesale Lots-
You can find other firms that sell wholesale merchandise from retail chains. Do a Google search to find them and buy items to sell on eBay.
Conclusion
You're now equipped with the tips and skills to succeed on eBay. For more ideas on how to buy and sell profitably, visit SaleYee.
