10 Steps Successful Selling on eBay

By: Chia SY

In order to become a successful and profitable eBay seller, there are some important philosophy to follow. In this article, Iím going to explain you 10 simple procedures to eBay success.

1. Choose & research your niche market. Run a advanced search ďcompleted listingsĒ for the goods that you plan to sell. Accumulate as many records as possible, which item in your niche is the best sellers. You might plan to sell them a lot.

2. Keep your friend close but keep your enemy closer. Always keep an eye on your competitors closely. Observe and learn how they put together their title. Which keywords are they using. How many bonuses are they giving. What is their closing price range. Look for any opportunity to outperform them.

3. Find the supplier. Donít stick to only one supplier, try to source for a few. Always compare their rates and offers. You want the highest profit margin when you resell the products on eBay. Brush up your negotiation skills to get the best trade from your dealers.

4. Think big and start small. Donít invest all your money into a single product, start small and slowly. Learn what works and what doesnít as you sell on eBay. When your sales become more steady, you can start investing more funds and grow your eBay business.

5. Testing and measuring. Continue to test different tactics until you found something that works consistently. A few major indicator that you need to test is your auction title, which icon will draw the highest clicks, how to create good description and so forth.

6. Construct a good eBay business plan. A first-class business plan doesnít have to be 20 pages long and complex. A straightforward ones that includes monthly sales target, your tactic, strengths, weaknesses, your budget, short term and long term goal.

7. Expand your eBay business. Put some money into inventory and start running your eBay business full time. Set up a appropriate office, system and hire a few staff to help increase your productivity. Set a weekly, monthly and yearly goal and find ways to increase them.

8. Get serious. Once you manage to sell a few thousand dollars worth of products monthly on eBay, you should register yourself as a business. Consult a lawyer to go through the process.

9. Automate your eBay business. You donít want to become a slave to your business. You should learn how to automate it. There are a few good software from eBay that can help you. For example: selling manager pro. It can automate your inventory system, listings process, feedback system and so forth.

10. Never surrender. Donít stop until you become successful. Sometimes it seems like all things are going not right, never stop and never give up. If you stick to the problem long enough, youíll find the solutions and bring your eBay business to the next level.

You can only see outcome when you put in massive action. Set up your eBay business now.

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Shireen C. (eBay ID: auctionsifu) is a very experience eBay Powerseller. She started her eBay business since 1994. Recently she has discovered 5 secrets to increase your eBay sales. You can find out her 5 eBay secrets in her latest FREE ebook at auctionsifu.com (value at $27.00). Get It Now. (c) Copyright - Shireen C. All Rights Reserved Worldwide.

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