How to make more money with ebay
5 things I learnt from $10,000 of sales on ebay.
When to post a listing - I use to post all my listings in the morning because i worked from home, I got up, did my ebay listings and responded to any emails. At the time I was selling Lacoste Polo Shirts and they were selling for around $40 – $45. I decided to then change the time of the listing to the evening time, around 7pm because most people start coming online around 6pm. I saw my sales go from $40 to around $70 for each polo shirt!
How much to charge for postage – Be honest, charge how ever much it costs but remember time is money, you have to package each item yourself and take it to the post office so you should add a small cost on top of the postage and packaging price.
Customer Support – Customer are always Right, we here it all the time but the fact is somethings are just not worth the time and energy.
Keep Records – So many times has customers contacted me saying the product hasn’t arrived, make sure you get Proof of postage or a recorded delivery so you know you have sent the product. I also always write the address of the customer on the recipe from the post office.
Second Chance Offers - I only put up one of the same thing up everyday or my products will be competing with each other so the price will drop. Once Ive sold something and have been paid i then offer the second highest offer the chance to buy the product. This way i make more than putting two listings up at the same time. (I always save on listing fee’s)
8 comments so far… Leave a reply
Scott Battye
November 20, 2007 1:07 pm
Some very interesting pointers, very interesting to see the way some people do things compared to others. I browse ebay a lot, never buy, never sell, now I'm tempted...
Michael
November 20, 2007 1:11 pm
Great to see you could be tempted to start Ebaying!
Sean
December 19, 2007 4:46 am
Great tips. I've always wanted to have an eBay business going, but I don't have anything to sell or the knowledge as how to set-up contacts and all that to get products. I've bought from eBay 5 times (I think :S) and haven't had a problem :)
Travis
May 1, 2008 4:25 am
I have an eBay store I just can't figure out what is a good item to sell cause there are so many sellers out there, ya know. Right now I sell CD's and computer games and software mostly but it's just not cutting it. Ya got any tips on finding out whats hot?
komodo dragon
June 7, 2008 3:31 pm
im gonna be helping a friend out with her new ebay career, I'm def. going to have to tell her about all of these great tips! nice post man :)
matt
October 2, 2009 11:24 am
ive given up on ebay and now put my efforts into online advertising and blogging for extra cash.
flightstravel
February 9, 2010 7:28 pm
Michael, this is a great post, but if i may add something, if you have more than 1 item i guess its best to have a ebay shop its much cheaper this way.
Felix Albutra
October 3, 2010 4:49 am
Hi Michael, I also want to try making money on ebay. Is it advisable to do this time? Do you have a step by step guide for us to start with? Or any links from your other sources of information. Thanks for sharing it... - Felix