When Selling On E-bay Matters

With the comfort credit cards offer by filling up application forms without having to go personally to a bank or see a sales agent, online shopping had tremendously escalated to greater heights.

Here, there, and everywhere, people seemed to be charging everything they see online. Because of this a lot of e-commerce enthusiasts these days have ventured into a more lucrative way of earning money.

For many surfers, E-bay is one of the world’s easiest and money-spinning online shopping portals. But despite the convenience it offers to most online shoppers, it has its own set of pros and cons as far as its sellers are concerned.

The big question is: Is selling items in E-bay advantageous or not? Here are some things to ponder:

PROS

1. Selling items on E-bay is a great way to start a small business.

For business wannabes who are low on cash, an E-bay is a good way to start things right.

2. It’s the best way to earn money while discarding some “trash”.

3. Sellers get to expose their items 24 hours, 7 days a week.

4. Items being sold on E-bay have a wider market reach.

5. Selling items on E-bay is also a good way to complement an existing venture.

6. No hard selling. Selling is made easy through E-bay.

7. Selling items had never been this fun. It only happens on E-bay.

THE CONS

1. Payments can be risky especially if it concerns an international market.

2. Frauds and scammers are just around the corner. The seller might be the next victim on-the-waiting.

3. The buyers are unidentified or most are new buyers, thus, increasing more risk. Besides, it’s easy to create false identities over the Internet.

4. There are possibilities of unscrupulous mode of payment like use of a cashier’s check.

5. Feedbacks are provided. There may be instances wherein people might play with the seller’s feedback section. This will definitely ruin the seller’s reputation.

6. The seller is gradually becoming a part of a corporation that seems to be monopolizing the industry. If this were case, then everybody would do transactions on e-bay alone, giving the other businesses a no-chance fight.

7. The seller will be missing life’s real drama, witnessing other people’s reactions and talking to them face-to-face.

Whether selling on E-bay is good or bad, only one thing’s for sure: it’s definitely more money to those who benefit from it.

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The Makings Of A Succesful Selling Proposition

The secret of a successful online marketing or online transaction lies on a good reasonable price.

The reason why most business owners do not succeed in promoting their product is either they put the price too high or made such a very low bargain.

In order to succeed and make the most of what online shopping, like eBay, can do to online shoppers, the secret lies beneath a sound price mark. Hence, it’s a must for every eBay seller to know how to quote his or her prices well. Here are some ways to make that money-raking quote:

1. To start a good bid, sellers must aim for a ten-day listing with one cent per bid increments, with no stored auction. Then, they should calculate how much their starting price would be considering the ten-day/one cent increments. This means that after the ten-day period, the sale must arrive at the desired price of the seller.

This is a good way to start the bid because buyers will be enticed to take part due to a low-starting price.

2. Sellers should consider the target market for the product such as its purchasing power; and the nature of the product being sold.

3. It’s also best for sellers to start with the actual selling price of the product instantly, but still on a ten-day listing. The difference is that, the seller should opt for the “buy it now” price that is to some extent a little higher than the actual selling price.

The “buy it now” strategy will put some stress on the buyer considering the small difference between the two selling price. The buyer might even think that he may even lose the game if immediate actions will not be deployed.

4. The seller should also consider the quotations of other businesses that sell the same item. Sellers should take note that when somebody else sells the same product, it’s the price that counts most. So, it’s best for sellers, who want fast results, to quote prices slightly lower than the other item with the same description. Though, the seller must take note that quoting prices should be reasonable enough to compel buyers to action – that is, to buy the product.

Indeed, quoting prices for a certain product can be very tedious. The bottom line is: sellers should aim not for gaining profit alone but also target for a “live by the moment” attitude of the buyer.

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Shopping Online Can Be Fun!

Buying on eBay can be a lucrative activity. However, if not managed properly, it can do shoppers more harm than good.

Nevertheless, it’s still the most convenient way of shopping online. So, to make the most out of E-bay when a shopper buys things, here’s some way to do it:

1. Buyers should know how to buy safely.

Wise buyers should know how to check the seller’s reputation by prying on the seller’s feedback section. With more feedback, chances are the seller does not do transactions well.

2. It’s a must for a buyer to know more about the seller.

It’s best not to buy on impulse. Buyers should take time first on knowing the seller’s identity first. That way, the buyer will be more assured that it’s not just a hoax or something.

3. It’s a must for every buyer to shop around.

It pays to compare prices before a buyer gets into closing the deal. Just like any market, e-bay has a wide array of similar items to choose from and each seller will definitely have different price quotations.

4. A buyer has to look for things that sell as well.

This will give him or her insight what kind of things that sell on E-bay. In that way, they will have an idea in case they want to sell something someday

5. Common sense is important.

A buyer should know how to detect fraud on an instant. It doesn’t need further explanations or theory. It’s instinct!

5. Buying on eBay can be a fun activity.

Shoppers don’t have to get out of the browser instantly once they are through with their transaction. They can still amuse themselves by browsing on the seller’s name, comments, and the other items being sold.

6. Discrepancies should be clarified first before logging out.

If a buyer has already closed the deal and is willing to purchase the item already, it’s best to clarify any discrepancies at once. This is to avoid further misconception regarding the matter or the item bought.

7. It’s best for buyers to choose the right mode of payment.

Activities involving money can be too risky. That’s why it’s important for most buyers to choose a reliable mode of payment. They should never go for wire transfers or any payment scheme outside E-bay rules and regulations. Other wise, there’ll be no guarantee that the transaction is a safe one.

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