How to Become a Smart Seller on Day 1 of Your eBay Business?
Selling on eBay is about selling smart. You will face not only a lot of competition but also a lot of marketing hurdles. If you have already sold something on eBay, despite small profit, then good for you as you’ve already built the foundation. You already know the basics of selling - launching an auction or setting a fixed-price sale. Now if you’re a powerseller, then you must be one of those international traders using listing tools to drive up your sales. If you’re a Diamond powerseller, no doubt and you’re one of the smartest sellers on eBay.
You may want to know – how to become a powerseller? It’s not easy. It can take years. But one thing is for sure – if you have your My eBay account, then you can be there. In order to become a powerseller, you have to first explore and master the tools and resources that can be found on the eBay store.
If you want to become a smart seller on your first day of selling on eBay, then these are the business rules that you have to learn and put into practice.
Learn the basics – eBay says it’s as easy as 1-2-3.
Be practical. You don’t have to go somewhere else to find a sales coach or enrol on a sales training course. eBay has it all for you – on the Seller Central. If eBay tells you that these are the items on demand, these are your seller’s checklist, and this is the latest Welcome to Selling on eBay guide to download, you have to believe eBay. eBay has more that 155 million active buyers who provide the company not only with excellent revenue but also with useful shopper’s data. You’ve got to trust eBay.
Setup a seller account, create your listing, manage your listing, and fulfil the orders of your buyers. That’s the basics of selling on eBay. Master it.
Understand the payment and fees – become a professional seller.
There’s no easy money. You have to pay for everything. So get smart with money, especially when selling on eBay. There is an “Everyday Rate Plans” guide eBay wants you to fully understand. Well, true it is that listing up to 50 items will not cost you any money. But that’s listing only. Once a customer buys your item, you have to split eBay with 4% to 10% of your sales. That’s on the guide.
Don’t just rely on free insertions. Become an eBay store subscriber and sell as many as you can. Use PayPal as your payment solution and join the Global Shipping Program. You can upgrade to Basic Store and pay $15.95 on monthly subscription. Reserve a price on auctions and pay a minimum fee of $2 for 7-day auction period. Pay $1 for a larger version of your listing picture in search results up to 30 days.
Understand the complexity of payment and fees. Become a professional seller on eBay.
Use Fee Calculator and Fee Illustrator – these are your best selling buddies.
Never ever set the wrong price on your listings. It is always better to estimate your fees before submitting your list. Always be good in math. Use your calculator or use eBay’s computing tools.
According to eBay, “the higher the Store level, the lower the insertion fees.” Verify that using the Fee Illustrator. Charge the right shipping cost by exploring the Fee Calculator. These tools won’t let you down. Just make wise use of them every time.
Leverage tools and solutions to boost profits – yes, they work.
One of the best advices I like to listen into and apply from eBay’s “Top 10 Growth Strategies” is to “use the Seller Dashboard to monitor your performance”.
This intuitive user interface is aided by business intelligence functionality and features. Every seller who uses this kind of tool is one step ahead of those who don’t. Knowing your daily performance as well as your seller level can prompt you to do more and do great in selling on eBay. Your decision of whether to integrate third-party apps, into your My eBay account, that can help you create great listings, guide you on tax matters, and give you insights into seasonal trends depends on your smart use of the Seller Dashboard.
You can know and master all these rules even before you create your first listing on eBay – or before your day 1 in business. Explore the Seller Central to get smarter. Always practice what you’ve learned to become a top-rated seller.
