Did You Know:
eBay users worldwide trade more than US$1,820 worth of
goods on the site every second.
- At any given time, there are approximately 104 million
listings worldwide.
- Approximately 6.5 million listings are added per day.
- There are 233 million registered eBay members worldwide
- 82.9 million people were active users on eBay
marketplaces in Q1 2007.
- Whilst eBay may be better known for its auction format,
fixed price merchandise accounted for over 1/3 of total
sales on eBay.
Without a doubt, many individuals just like you, cash in
daily on eBay big time. And we're not talking about used
goods, collectibles, and online auctions.
The fastest growing categories on eBay are brand new items
going at a fixed price!
What eBay Can Do For Your Business!
If you don't give eBay a chance, you could be missing out
on a lot of extra money.
But be warned, eBay works very differently. Not knowing
what to do may waste you a lot of time and effort. But for
insiders, eBay is sure to make you a lot of money with very
little effort.
Starting now, and going to continue in the next couple of
weeks, I'm going to give you advice on how to sell on Ebay.
The advice I'm going to give you comes from what I have
learnt and experienced over the last year.
Your key ingredient is to collect Positive Feedback A.S.A.P
One of the key ingredients that keeps eBay safe is the
feedback system. On eBay, every potential buyer closely
examines a seller's feedback rating before making a
purchase.
Your goal is to look good on the system, as soon as
possible!
The feedback screen provides three key statistics that
every buyer looks for:
·First, you can see how many ratings this seller has
accumulated. ·Second, you see what percentage of the
ratings have been positive. ·Third, you can see
how active the seller has been in the last month.
If you are a new eBay seller, you have a lot of catching up
to do, and this is how you can get good feedback, fast:
Start with Low Prices
Don't worry too much about maximizing your revenues or
profits at the beginning. Break into the marketplace first.
Look at it as an investment to establish your presence and
reputation on eBay.
If you want to get positive feedback fast, and establish a
name for yourself on the eBay marketplace, undercut the
competition.
Lower your prices and offer them a bargain that is too good
to miss out on! This way it won't take you months before
you ramp up your business on eBay. If you offer digital
downloads, following this strategy is even easier because
it costs you much less to provide the product.
Example:
You start your eBay business, and have a great digital
product. You check out your competitors and after a little
resurge you figured out that the product can be sold for
$15(this is the price other players are selling a similar
product for). So you start selling at $2.
Like I mentioned before, don't worry too much about
maximizing your revenues or profits in the beginning.
As you get more and more good feedback, you eventually
raise your price to $15, Now you are at the same level as
the other players.
Another simple thing that you can do is to start buying
products. You start looking around for products that cost
you between $0,01 and $0,99. When you are buying things you
get feedback to. This is even a easer way to collect
positive feedback.
People can see your feedback score and how it is built up -
did you get your feedback from buying or selling thinks.
You have a perfect Feedback score and that is what your
customers are looking at. Your customers now see a person
who is reliable, and that's all they can go on!
If you look at the whole picture of selling on eBay, this
is one detail.
So in the next couple of weeks I'm going to share with you
other important details to, details that are going to help
you to make a living on eBay and to make a living online.
----------------------------------------------------
Bjorn Brands is a successfull enterprenuer who transitioned
from having his own building company to a great online
business. Check out his site and see for yourself at
http://www.moneyacces.com
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