The one key thing to keep i n mind when getting into the buy/sell market is that the product is only worth what someone will pay for it. When you get onto eBay you may see a product that you have on sale for $600, but look closely and you will most likely notice that the listings that are priced at $600 have no bids or are by new users. To be able to buy and sell properly requires a lot of research about your product before you can actually sell it. Listed below are good places to check the value of your product. Amazon eBay Craigslist
After you figure out the value of your product, you have to take into account the shipping costs. Depending on the size of your product and if you are going to get insurance on it or not you’re going to be paying $5-$50 for the shipping and insurance together. Once you have all your research done and extra expenses figured out you need to start creating your auction/sale page. The one thing that make your product stand out more than anyone else’s is the layout. Things like color; font size, bolding, italicizing, and underlining also add a good look to your product. When creating a layout for your products auction/sale page you need to keep a slow pace, and not make any errors.
There are many different methods that you can use to maximize your profit on eBay. Things like advertising and link sharing are great ways to start, but are not always super effective. A big thing that you are going to want to take advantage of is the “Reserve Price” option. Suppose you are selling a product that you want to make at least $80 from: By setting a reserve price you can set a very low starting price. If you have the ability to set the starting price at $5 you will get bids faster. The thing about getting bids is that when a person sees an auction has bids on it, they are more likely to believe it is better compared to a product without any bids. Although your product may be the same as anyone else’s, when a buyer sees bids on a product they will feel that the seller must be reliable and trustworthy enough to get bids.
Another thing that people like to do when trying to maximize profit from their product is making the auction stick out from all the others. Formatting like color, bolding, italicizing, underlining and font size are all good things to work with when creating your auction. Things like flashing lights, really bright colors, and font size over 30 are all very bad and will discourage people from buying from you. Flashing lights are bad for two reasons. One reason is because the lights bother some computer users for whatever reason it may be. Another reason is because flashing lights make everything harder to focus on drawing the buyer attention away from the product itself. I would highly recommend staying away from the flashing lights. Really bright words are also bad because they’re hard to read. Although “The bigger the better” is usually what a person would think, in the case of eBay you never want to have text too big. When text is big users have to scroll a lot and work to actually keep their place on the page.
With this in mind, you might be just that much more compared to overtake your competitors! Happy eBaying!