Selling & Making Money Successfully on ebay is Work! By Dr. Michael Stachiw January 2009.
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Transcript of Selling & Making Money Successfully on ebay is Work! By Dr. Michael Stachiw January 2009.
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Selling & Making MoneySuccessfully on ebay
is Work!
By
Dr. Michael Stachiw
January 2009
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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
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ebay Selling
As the old saying goes, “The Devil is in the details”!
January 2009 – Dr. Michael Stachiw
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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
January 2009 – Dr. Michael Stachiw
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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*
January 2009 – Dr. Michael Stachiw
* Can be set to automatically relist “till cancelled”
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ebay Selling
• Each of these three methods has advantages, as well as disadvantages.
January 2009 – Dr. Michael Stachiw
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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”
January 2009 – Dr. Michael Stachiw
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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
January 2009 – Dr. Michael Stachiw
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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
January 2009 – Dr. Michael Stachiw
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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)
January 2009 – Dr. Michael Stachiw
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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
January 2009 – Dr. Michael Stachiw
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ebay Selling
• Last, but not least, what payment methods are we willing to accept & delivery method?
January 2009 – Dr. Michael Stachiw
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ebay Selling
• Payment methods:
– Check
– Money Order
– PayPal (required as an option)
January 2009 – Dr. Michael Stachiw
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ebay Selling
• Delivery Methods & Pricing– UPS/USPS
– Local pickup
– Handling Charge
– Shipping fixed or based on weight
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ebay Selling
January 2009 – Dr. Michael Stachiw
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
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ebay Selling
January 2009 – Dr. Michael Stachiw
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?)
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ebay Selling
January 2009 – Dr. Michael Stachiw
6. Decide on shipping & handling issues
7. Start posting, by selecting a category
8. Then complete all posting questions
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ebay Selling
January 2009 – Dr. Michael Stachiw
9. Select photo(s)
10. Enter item description. Be descriptive
11. Select payment and shipping options
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ebay Selling
January 2009 – Dr. Michael Stachiw
Let’s take a look at actually going through the process
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ebay Selling
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ebay Selling
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ebay Selling
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ebay Selling
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ebay Selling
Now what?
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ebay Selling
Much like a physical store, you will have daily tasks to perform.
Like . . .
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ebay Selling
• Answer questions
• Haggle over price
• Collect money
• Prepare items for shipping
• Ship items
• Answer even more questions
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ebay Selling
• Give refunds
• Rate customers
• Answer redundant questions
• Do bookkeeping
• Do banking
• Answer endless questions
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ebay Selling
[email protected]@FeedDealer.com
Thank you.
If you have any questions, please do not hesitate to contact me: