Thursday, 04 March 2010 02:07
‘Obtain extra visibility on and off eBay, plus get 75% of Final Value Fees back on qualifying traffic’, claims the eBay website, welcoming retailers to sell their stuff on eBay. Selling on eBay is probably one of the best ideas for making extra cash in today’s staggering economy. Therefore, opening an eBay store is a good proposition and creating one is easy and cheap as well. Creating an eBay store costs only $15 or so, for all the attention that you are able to get as soon as you open one. To create an eBay store, as a retailer you need to follow three simple steps: Register as a seller 1.In order to register as a seller, you must first create a seller account by registering with a valid debit or credit card. 2.You must create your product question and answers (Q&A) in order to respond immediately to customer queries. 3.Select a suitable category for your products and price them based on active listings on eBay. 4.There are options to sell auction style or fixed price format. 5.Make provisions to communicate with the buyer, provide options for shipment and payments. 6.Make arrangements to ship products carefully and safely. You need to insure shipping packages and make arrangements for carrier pickup and delivery to customer. Meet eBay Requirements 1.eBay stores are of three types – basic, premium and anchor stores. 2.‘Basic stores’ is ideal for sellers who are new the business and want an economical and easy-to-use platform to sell. 3.‘Premium stores’ is ideal for small to medium sized sellers who are into aggressive marketing. 4.‘Anchor stores’ is ideal for large volume sellers. Stock & Sell 1.If you are a small time retailer look at making profits in short term, choose wholesale auctions or liquidation services to source your products. The lot sizes are economically priced and the payment/delivery options are best suited as well. 2.Those looking for maximum exposure at eBay need to tie up with manufacturers and large distributors. This is applicable for retailers who sell branded products and newly released goods.