E-Bay is the largest marketplace in the world, with over 276 million registered users worldwide.
It has a comprehensive coverage of all the products ranging from small used items to rare antiques. Many visit eBay just as hobby to look into the articles which they like, many search for bargains and some for antiques which are not available anywhere. Whatever may be the reason, you name it you have the product before you.
To be successful on eBay you need to do a basic research on how things work here. Where do you get the product to sell, how much is the price, how do you send it to the customer, what costs are involved, what payment options are available and stuff like that. The basic concept is to buy a product at a cheaper price and sell it to double or triple the amount.
First identify what thousands of people are searching every day and your product should be one of them. A product you choose to sell should look interesting to the customer so that they buy which will lead to high sale volumes, thus giving you the profit. It is possible to accept payment through credit cards internationally with PayPal and its free to setup an account.
Title of the product which you are selling should be attractive and innovative. Clear description of the product along with the photo will definitely boost the sales of the product. A clear photo will increase the chances of buying, while a product without a photo may go unnoticed.
For you to sell on eBay you need to first buy a product at a cheaper price. The three best options include Drop shippers, Wholesalers and Manufacturers.
1. Drop Shippers :
How Drop shipper method works is that: you place your product on eBay for sale, someone buys it and pays you, you in turn order to the drop shipper; they will pack and send the product directly to the customer. There are no hassles in this option as you even don't touch the product. Doba.com is the best example for a drop shipper.
2. Wholesalers :
Wholesalers give you a product at a price much less than the actual market Price. You can choose the best price from the available wholesalers. In this business model you will need the storage space as you need to store the product in your location. Later when someone buys your product on eBay, you will send the product and then track it.
3. Manufacturers :
Manufacturers also sell you the product at lower prices as those are the people who manufacture them. You will have a vast variety of options as many manufactures are available for same product. Even in this business model you store the product at your location, ship it to the customer and track it.
Alibaba.com is a perfect example for this kind of business model where you have many manufactures brought to one place to sell their products. Its a wonderful website containing a lot of manufactures from round the globe
By now you might have understood that every product what we get as home delivery will not directly come from the store and there is a lot of mechanism involved.
Whatever you sell or where ever you source the product from, positive feedback from the customer is the key in eBay. This is important as you might have competitors selling the same product as you are. You need to support the customer in whatever way you can until they receive the product in good condition.
