As long as you are business/entrepreneurial minded, starting off on eBay will be relatively easy. Building a business empire on eBay is almost similar to creating any other company. The only difference is that an eBay shop is virtual while the other is physical. You also need to have excellent communication skills, a sense of business, some cash flow, patience, and networking connections to kick off on the right foot.
Here are the necessary steps to take when setting up shop on eBay
- Create an eBay account: You need an account with eBay to start selling or even shopping. Fortunately though, setting up an account is free. Almost anyone can create an account here.
- Buy something or two: Once done creating the account, take some time to shop around and see what other people have to offer. Understand how eBay bidding works, look at different listing formats, and even buy something on eBay. You’ll need to set up a payment method for the order to be completed.
- Make simple sales: Try listing something you find easy to sell. Although it may seem tricky at first, creating your first listing is relatively easy. To list your first item, click on the ‘sell’ link on the upper-right corner of the eBay website. Make sure you are already logged on to avoid any glitches. Make the listing as compelling as possible, and also remember to include some photos and proper description of the item you are selling. Wait for your first order, package, and ship the item. Encourage the buyer to leave feedback.
- Learn how eBay works: We all know how satisfying making your first sale can be. In addition to making more and more sales, take some time to learn the ins and outs of eBay selling. Get to understand how specific features work, and how to make your listings more attractive.
- Gauge your progress: Many people will make multiple sales during the first few days on eBay. Some items will however take a little longer to sell. For this reason, you need to make a clear decision on whether you need to march on or look for something else to do. As mentioned earlier, selling on eBay requires patience hence not a get-rich-quick scam. Hard work is needed to make it here.
- Identify your niche: Simply selling items around you won’t bring in enough income to fend off your needs and responsibilities. For this reason, you need to make up your mind on what to do to make it a regular ‘thing.’ Find shopping trends, product opportunities, or even establish a relationship with manufacturers, wholesalers, and even drop-shippers to get a footing. Lots of research and self-realization is needed to make the ultimate decision on what you hope to do. Those with ready products to sell won’t struggle at this juncture. Nevertheless, you can contact several suppliers and merchants to help sell their products at a commission as well. You’ll also need to know how or who will be handling your inventory and bookkeeping. If you want some more info, check out this eBay marketing guide.
- Work hard and grow: Once you have mastered the art of selling on eBay, you can then start thinking of an office, set financial goals, or even learn how to balance your books. Many people start selling from a closet in their bedrooms, relocate to a garage, and then later set up a store. They work from ebay, then create a basic site, then have a full-blown operation with a blog and store online.
As a hard worker, growth will be inevitable especially if you continue making sales, and more profits by the day. One thing you however need to understand is that, eBay is just another avenue to meet buyers and sell your products. Your business can grow beyond that. All you need to do is have a good relationship with loyal customers and provide quality. Hitting the road running on eBay is the easy part, keeping up the pace takes a lot of perseverance, hard work, and dedication.