Starting An Ebay Business - Step-By-Step Instructions On The Best Products To Sell - Business Name
The first step is brainstorm which product you will be selling.
The key is uniqueness.
Starting out, you probably do not have enough money to be purchasing iPods in bulk quantity, so if you start to sell iPods you’ll probably have lost before you have even begun.
Bigger competitors who can buy in bulk can survive with smaller profit margins and they will beat you out.
However, if you have a craft or hobby that is unique, there is likely to be little to no competitors.
Therefore, you can charge handsome markups on your products; hence larger profits for your business.
Also, items that cannot be purchased at stores or manufactured in bulk by large companies can offer profitable opportunities because you won’t have to worry about any large eBay sellers infringing on your ideas.
The goal is to have a monopoly on a certain specific, unique product,that other people can’t copy easily.
Competition is good for the consumer, but not always good for a company’s profitability.
Summary of what to look for in a product: 1.
Unique product, not easily imitated by competitors 2.
Large profit margins Once you have identified the product, now identify the name for your company.
If you already have an eBay username that’s great, but your cute, personalized “Bob345” or “IMaJokester” is a terrible and unprofessional name for a company.
eBay allows you to have multiple usernames so sign up for a new account that sounds more official and identifies what you sell: “FlourescentSnowGlobes” or “WesternCowboyHats”.
Click on the following link to eBay; this direct link allows you to input names and eBay will check the availability of the name and give alternative suggestions.
Link to eBay username availability checker [http://www.
GoSignUpToday.
com].
Check availability of your company name now, even if you don’t have any idea what you will be selling.
The username availability checker can help your creativity and spark product ideas.
Once you have identified the perfect name, then fill in the rest of the username information and follow the directions to complete the signup.
The next step is to click on the “sell” button.
Input the item you are selling.
If it is a cowboy hat, then type in “cowboy hat”.
To begin with, check the content area eBay suggests for you.
This is specified by the highest % relevance.
For the title of the item you are selling, insert important keywords, like “cowboy hat” the manufacturer, the size, etc.
Creating the perfect title takes experimentation.
eBay often gives new users who sign up, free listings.
So really, you aren’t risking any money on the first couple of experimental listings.
When pricing, make sure you are making a profit, but make sure you aren’t charging too much.
eBay users go to eBay to find deals.
Probably the most important aspect of selling your item is describing the item.
Lots of pictures, lots of descriptions about the item, shipping, warranty, etc.
Generally, the more detail the better.
Remember eBay users can’t touch or smell the item, they can only see and read about the item.
In summary: 1.
Unique product with little to no competition 2.
New professional sounding eBay username 3.
Lots of pictures and descriptions of item for sale Good luck creating your own eBay business.
The key is uniqueness.
Starting out, you probably do not have enough money to be purchasing iPods in bulk quantity, so if you start to sell iPods you’ll probably have lost before you have even begun.
Bigger competitors who can buy in bulk can survive with smaller profit margins and they will beat you out.
However, if you have a craft or hobby that is unique, there is likely to be little to no competitors.
Therefore, you can charge handsome markups on your products; hence larger profits for your business.
Also, items that cannot be purchased at stores or manufactured in bulk by large companies can offer profitable opportunities because you won’t have to worry about any large eBay sellers infringing on your ideas.
The goal is to have a monopoly on a certain specific, unique product,that other people can’t copy easily.
Competition is good for the consumer, but not always good for a company’s profitability.
Summary of what to look for in a product: 1.
Unique product, not easily imitated by competitors 2.
Large profit margins Once you have identified the product, now identify the name for your company.
If you already have an eBay username that’s great, but your cute, personalized “Bob345” or “IMaJokester” is a terrible and unprofessional name for a company.
eBay allows you to have multiple usernames so sign up for a new account that sounds more official and identifies what you sell: “FlourescentSnowGlobes” or “WesternCowboyHats”.
Click on the following link to eBay; this direct link allows you to input names and eBay will check the availability of the name and give alternative suggestions.
Link to eBay username availability checker [http://www.
GoSignUpToday.
com].
Check availability of your company name now, even if you don’t have any idea what you will be selling.
The username availability checker can help your creativity and spark product ideas.
Once you have identified the perfect name, then fill in the rest of the username information and follow the directions to complete the signup.
The next step is to click on the “sell” button.
Input the item you are selling.
If it is a cowboy hat, then type in “cowboy hat”.
To begin with, check the content area eBay suggests for you.
This is specified by the highest % relevance.
For the title of the item you are selling, insert important keywords, like “cowboy hat” the manufacturer, the size, etc.
Creating the perfect title takes experimentation.
eBay often gives new users who sign up, free listings.
So really, you aren’t risking any money on the first couple of experimental listings.
When pricing, make sure you are making a profit, but make sure you aren’t charging too much.
eBay users go to eBay to find deals.
Probably the most important aspect of selling your item is describing the item.
Lots of pictures, lots of descriptions about the item, shipping, warranty, etc.
Generally, the more detail the better.
Remember eBay users can’t touch or smell the item, they can only see and read about the item.
In summary: 1.
Unique product with little to no competition 2.
New professional sounding eBay username 3.
Lots of pictures and descriptions of item for sale Good luck creating your own eBay business.
