Want to start a business on eBay? In fact, there are many who have a dream to make a healthy living selling on eBay but are really confused what to do or how to start? Let me first explain what an eBay is. EBay is an online auction marketplace with 164 millions of active users and have helped thousands of individuals to create part-time and full-time income stream from the comfort of their own home. About 25 million sellers are present with their products and they have to build their own online stores from scratch like any other businesses. To start your own business on eBay, several steps need to be followed and you will need to go through some research and also have good communication skills and business acumen.
There are various business models that can be followed in order to make money selling on eBay. The key to success is finding a niche that works for you, then to tap into that niche and to cash in. In this article, we will be taking a look at the steps you need to take to starting an eBay business.
The first choice you have to make is the type of business model that you would like to implement in your eBay business. There are many different types of business models that work great, but there are also many that don’t. Finding the perfect one depending on your budget is the first step to being successful on the auction marketplace. Some of the business models that you can implement in your eBay business include:
- Buy secondhand items at cheap rates and then resell them at a profit
- Buy products in wholesale and sell them individually on eBay
- Buy rare items at cheap rates and auction them off on eBay
- Find top trends and then buy and sell products in this niche
- Sell items laying around the house and garage that are not useful to you anymore
- Sell items you are already selling in your offline shop on eBay
The exact process that needs to be followed in order to start a business on eBay will depend on the business model you choose, but there are a couple of general guidelines that should be followed in order to make money selling on eBay. The more effort you put into your eBay business, the more potential for success it will have.
The second step is to register your business on eBay. If you already own a business and simply want to list your products on the platform, then you can go ahead and register as a business. If you are starting a business on eBay from scratch, then you should spend some time in order to find the perfect business name and do some initial planning. Thereafter, you can follow the same process to register your business on eBay.
You will need an active PayPal account in order to start a business on eBay. This is the default payment gateway on the platform and you will also need to pay listing and subscription fees via PayPal.
The next step is to choose which eBay shop subscription you would like to sign up for. There are three levels and prices vary from under $20 per month to more than $300 per month. The basic shop account is perfect for newbies just getting started, but if you would like more exposure and to start at a larger-scale level, then you should opt for the featured shop or anchor shop subscription plans.
Few people aren’t ready to buy anything from a seller with no positive feedback or ratings. This is why it is important to focus on gaining a couple of positive ratings for your account before you start listing your items for sale. You can do this by buying a couple of cheap items – there are many items listed on the platform for under $1. Buy a few and then leave a positive feedback on the seller’s account. Once you have left a positive feedback, contact the seller and ask them to return the favor. Once you have a couple of positive reviews on your account, then you can move
forward to listing your items.
Now it is time to list your items on the platform. This step is relatively easy, but you should spend some time in order to ensure your listings are properly optimized to attract more potential clients. It all starts with good pictures. This is the first thing users usually look at while browsing listings on the eBay platform. Make sure you take high quality photos of the products you are listing on the platform and avoid using stock photography. eBay and users do not like this. Take pictures from different angles and upload this to your listing.
You also need to compose a professional title that will be catchy and attract clicks. Furthermore, you should add a detailed description and mention any problems with the product. If you are selling a laptop, for example and a laptop have a few scratches, be sure to include the scratches in the photos of the laptop and in the description of the product. Do list all the features and benefits of the product.
You should also ensure your pricing is competitive without being too expensive.
These are the basic steps to starting a successful business on the eBay platform. To make money selling items on eBay, you need to spend time to plan out your strategy and then put effort into every listing you create. Many people have been able to generate thousands of dollars in profit from the platform, but the key is to do it properly the first time around. You also need to ensure you provide excellent customer care and that all orders are processed on-time and without problems. This will help you gain more positive reviews, which will help you gain more clients, sales and profit.