So, you want to sell on eBay. Before getting things off the ground, though, a few basics will help you get started on the right foot.
What to sell
First of all, you’ve got to decide what you’re going to sell. What’s your specialty going to be? If you have a specialized line of products or just a few products that complement each other this will attract customers who are looking for that particular product. They will come back to buy more from you again and again. If your product line is everything under the sun, in a somewhat random fashion you’ll never build credibility or a base of loyal customers.
List those products, bearing in mind that there are a few considerations to be taken into account while selecting the products you are going to sell. Probably the most important thing to remember is to sell products of which you have expert understanding. Without an understanding of what you are selling, it will be very hard to write good descriptions and obtain good prices.
Even if you feel you don’t have a special interest, think about the kinds of things you typically buy or websites you visit. So, the likelihood is that you will find an interest anyway. But if you are really stuck, then try asking a few other people who know you well—they might come up with something that hasn’t occurred to you.
Once you have determined the niche or area in which you are an expert, consider products you can source at low costs and that will suit your shipping needs. You want products to sell that are easily shipped and lightweight.
Don’t worry if the items you have in mind are extremely niche; there really is a market for almost everything in Etsy, even stuff that may not find a home so readily in a traditional store, for example. Filling a niche is also often more successful than selling a more common product.
Tax and Legal Obligations
Demand that you’ll have to pay taxes if you start pulling in a high income. It won’t just be taken off. Again, assuming you are going to sell on eBay full time, I would consider registering as a business so that everything stays above board with the taxman.
Preparing for the Journey
Selling on eBay has its ups and downs. If the first few sales haven’t quite gone the way that you had hoped, don’t become discouraged. The best sellers love the process of selling and are dedicated to working through hiccups and snags along the way.
Anybody can start selling on eBay with very little preparation and the right attitude. If you find it’s not for you, the low start-up costs are so minimal; very little will be lost.
Next Steps: Understanding Auction Types
If you’re ready to sell, the next step will be to learn about auction types on eBay. In our next email we will provide a guide that will help you to decide which auction format is best for the type of item you’re selling.
Read more : EBay Income Opportunities.
