Making the most possible amount of money from selling your stuff on eBay is actually quite simple. I see tons of eBay listings with the bare minimum posting requirements fulfilled and these individuals wonder why their product did not sell.
1.Research your product. Have a look at what similar items go for on eBay, read the description but also see item specifics. This is to ensure that when you write the content for your listing you cover all the areas that the other products do so that you can compete more effectively. When writing your content be clear and concise, if there is something wrong with the product the buyer needs to know not only as its the right thing to do but it may come back to haunt you when they find out for themselves.
2. Show me what it looks like. A significant number listings only have one awful picture where you don’t know if you are buying something which belongs at a dump or an item in mint condition. For this reason alone bidders will ignore your listing and go to one where they can actually see what they may be bidding on. Let’s face it, we all like to see what we are buying before we buy, taking the time in uploading decent photographs will get a great deal more bids and higher final bids.
3. Shipping- You can find out what other similar items charge for postage however don’t think that just because your postage is more expense that you will make more money, probably the opposite. Bidders will take the overall cost into consideration and if your postage cost looks a little greedy they will probably go elsewhere. So be fair, you may actually profit from it.
If your item is oddly shaped and you have no idea how much it will cost, take it to your local post office if its a handy size. Alternatively phone a shipping company like UPS or Parcelforce and ask if you can send a photo to evaluate postage. If its really big, like a piece of furniture offer collection in person. You may also want to consider this option for other items as quite a few bidders will collect if the price is right.
4. Timing. Placing a maximum bid allows bidders to know their limits and they can almost forget about it until they get a message from eBay telling them about the listing they have bid on. How many bids do those people loose out on if they were to busy to keep an eye on the price. Plan to end your listings when people actually have the time to increase their final bid. We all love the thrill of the chase thus items which end when we have time to get involved will be more profitable. Depending on whom will be bidding on your item aim to end it when you think the majority will have leisure time to act. Ending a listing when most people are at work won’t be as effective as many prefer not to place bids with their colleagues around or worse their boss. eBay apps have helped significantly in this area however we are all busy people, know your market and you will get higher selling prices.
5. Don’t let your past haunt you. Ensuring that you get positive feedback is crucial for any eBay seller, for example if you have two identical products with the same price you will most likely choose the one with the most “positive” seller. In fact even if the price is slightly higher the bidder may still prefer to use the more trustworthy seller as they will feel more at ease with their purchase.
6. It’s business as usual. Always be professional, treat bidders/customers like a bricks and mortar business. They may seek you out in future to do more business if they found the previous transaction a pleasant one.
Payment is another topic however I am not going into it heavily as I honestly like Paypal and would encourage everyone to sell only using Paypal if they can. Collection in person items like cars and furniture is different though but ensure that you are covered as you don’t want to be caught out of pocket.