selling & making money successfully on ebay is work! by dr. michael stachiw january 2009

Selling & Making MoneySuccessfully on ebay

is Work!

By

Dr. Michael Stachiw

January 2009

http://rover.ebay.com/rover/1/711-642-2357-1/4

ebay Selling

• Starting to sell on ebay is relatively easy

• But like most business ventures, the easy part is getting started, it’s the day-to-day details that can (and will) cause failure

January 2009 – Dr. Michael Stachiw

ebay Selling

As the old saying goes, “The Devil is in the details”!


ebay Selling

Let’s start by defining a few items:• ebay is a large on-line auction/mall of

items that are for sale. On a yearly basis, the sales on ebay are greater than Kmart, Sears and Macy’s combined.

• You can be either/both a seller or buyer on ebay


ebay Selling

• Usually a person sells items on ebay in using one of three methods:– Auction. Maximum of 10 days– Buy it now ( ), maximum of 30 days*– Buy it now or best offer ( ), maximum of 30

days*


* Can be set to automatically relist “till cancelled”

ebay Selling

• Each of these three methods has advantages, as well as disadvantages.


ebay Selling

• Auction: + Can gain highest $ on sale - Shortest sales interval (10 days) - Most expensive posting fee (% of

initial requested bid) Items need to be auction “friendly”


ebay Selling

• Buy It Now: + Like selling in a regular storefront + Longer sales duration (30 days) + No haggling on sales price + Great when

you have multiple items


ebay Selling

• Buy It Now: + Lowest sales/posting fees ($0.35

to post + % of sales price) - If buyers don’t like price, harder to

sell


ebay Selling

• Buy It Now, with best offer: + Like selling in a flea market + Longer sales duration (30 days) + Supports haggling on sales price + Great when you have multiple

items + Lowest sales fees ($0.35 to post +

% of sales price)


ebay Selling

• Buy It Now, with best offer: (Cont’d) + If buyers don’t like price, they can

make an offer easily & you can accept easily

+ Most likely to sell - Can easily lead to less $ per sold

item


ebay Selling

• Last, but not least, what payment methods are we willing to accept & delivery method?


ebay Selling

• Payment methods:

– Check

– Money Order

– PayPal (required as an option)


ebay Selling

• Delivery Methods & Pricing– UPS/USPS

– Local pickup

– Handling Charge

– Shipping fixed or based on weight


ebay Selling


Ok. So let’ s look at actually selling something. Steps involved are:

1. Create PayPal account if you do not have one

2. Create eBay account if you do not have one

ebay Selling


3.Take photos

4.Write-up technical description of what we are selling.

5.Decide on selling price. (Research selling price or do we already know our price?)

ebay Selling


6. Decide on shipping & handling issues

7. Start posting, by selecting a category

8. Then complete all posting questions

ebay Selling


9. Select photo(s)

10. Enter item description. Be descriptive

11. Select payment and shipping options

ebay Selling


Let’s take a look at actually going through the process


ebay Selling


ebay Selling

Now what?


ebay Selling

Much like a physical store, you will have daily tasks to perform.

Like . . .


ebay Selling

• Answer questions

• Haggle over price

• Collect money

• Prepare items for shipping

• Ship items

• Answer even more questions


ebay Selling

• Give refunds

• Rate customers

• Answer redundant questions

• Do bookkeeping

• Do banking

• Answer endless questions


ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

[email protected]@FeedDealer.com

Thank you.

If you have any questions, please do not hesitate to contact me:

selling & making money successfully on ebay is work! by dr. michael stachiw january 2009

Documents

michael stachiw slide

ebay account

cancelled slide

sales price great

payment methods

best offer

sale shortest sales

initial requested bid