eBay has been a part of the Internet for quite some time already. It was going through its most profitable period around ten years ago when hundreds of thousands of users were using the online auction site to sell their secondhand items and homemade wares. But is eBay still the giant of Internet commerce that it once was?
Over the past few years, a lot more auction sites have come into the public domain and, as a result, eBay has taken a hit as some of its once loyal members have taken their business elsewhere.
So, the big question now is that whether it is still possible to make money on eBay? It may have got harder to do, but turning over a profit by selling on the site is still entirely possible. Here’s how.
Set Up A Store
When you sell on eBay, you can simply list your items separate from one another or you can set up your own eBay store to group them all together. It’s a much better idea to create your very own eBay store if you are selling more than one item, especially if you want to continue selling on eBay for a long period. That’s because potential buyers will be able to see all of your items easier, and they might be tempted into buying more than just one thing.
Keep An Eye On Your Fees
It is important to remember that you might have to pay some fees to sell on eBay. So, you should keep these in mind when you set your prices. After all, you don’t want your fees to eat into all our potential profit! You also need to take postage and package costs into consideration. There is an option to charge buyers for postage and packaging when you list your items. But, if you offer them for free, you might find that you are able to sell more products.
Not everyone is going to be happy with what they purchase from you, so you need to be prepared to deal with returns. Thankfully, there are now lots of companies that specialise in returns management solutions that can help you with this. You don’t have to offer returns, of course, but you will find that you can gain a positive reputation much quicker if you do.
Sell Niche Things
If you find that your products don’t sell to start off with, you might simply need to change your goods. If you are selling something that lots of people list on eBay, there will be plenty of stiff competition. So, you might be better off listing items that are quite niche and unique. Plus, if they are exceptionally rare, you might be able to list them at quite a high price.
So, it looks like there is still some life in eBay yet. And there is a lot of money to be made still from the auction site! Why not see what you can potentially sell on there today!?