How to be successful

[tamazon]

For people that are very successful on eBay what are the tricks of the trade. I have some things that I buy at auctions and some that I have directly shipped to me from China so definitely a variety of items. To me the pricing is the most difficult to find the balance between making extra profit and selling items.  Plus the whole shipping issue muddies the water on some items. Any advice would be appreciated and good luck to all people selling. 

[stuff4divas]

@tamazon   there are no 'tricks' it's just hard work and following ebay policies so u don't get shut down

here's an ebay link that may help>  https://www.ebay.com/help/selling

[gone.c-33]

You do not need a store this early in the game. Hopefully you only signed up for a month to month subscription and can cancel it so you don’t spend money for nothing.

[toomuchstuffagain35]

Yup. Op will be limited to a certain amount of listings before they show they're a decent seller.

[inhawaii]

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@tamazon wrote:

For people that are very successful on eBay...

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I guess i'll sit this one out.    😉

[toomuchstuffagain35]

You can't.

You're officially the "best seller on ebay".

[theteamsetguy]

@tamazon ,

Steps to get rich on eBay.

1. Find something people want.

2. Buy low

3. Sell high

4. Run to the bank

5. Rinse

6. Wash

7. Repeat

There are no tricks and anyone can do this.

Do this enough times you will become a millionaire and you can retire on a beach with a margarita.

[robbie31415]

Find a category that's hot.

Find a supplier that can make you competitive.

[inhawaii]

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@toomuchstuffagain35 wrote:

You can't.

You're officially the "best seller on ebay".

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Yes, I have proof.

[buyselljack2016]

Then I could be nothing more than "second best". I will sit out.

[chapeau-noir]

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@inhawaii wrote:

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@tamazon wrote:

For people that are very successful on eBay...

---

I guess i'll sit this one out.    😉

---

I know it was tough getting through that Saturday with no sales, but you've got to get a grip on yourself!

[annadryl]

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@tamazon wrote:

Plus the whole shipping issue muddies the water on some items. Any advice would be appreciated and good luck to all people selling. 

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Care to expand? There are some shipping pros here.

[ten_o_nine]

@tamazon 

Stack'em Deep, and Sell'em Cheap
Stack'em high, and let'em fly

[dbfolks166mt]

A few tips

1. NEVER list anything on eBay you are not prepared to take the financial loss on. 

2. As a new seller avoid listing high value and high target items that scammers love. 

3. If you are wanting to make a profit build a cost model so you know what price to list items at to do so.

    Factor in ALL costs: what you paid for it, supplies, income taxes, fees, POV........... 

4. Diversify across multiple venues not everything is for or can even be sold on eBay and in some 

     cases there are better options that will net you a bigger return and save the buyers some costs. 

5. Read through this forum and learn to identify common scams before you are a victim.

6. Establish a separate bank account to handle your eBay transactions. It keeps things easy from 

     an accounting perspective and you probably really don't want eBay having access to your personal

     bank account. 

7. Make sure you setup the shipping correctly on the listing with regards to the size and weight of the item

    you will be shipping. 

8. While auctions and BIN both have their pro's and con's as a new seller I would recommend you use 

     BIN with immediate payment required and avoid using OBO. 

9. Avoid using promoted listings until you see how things go. PL can become an added and unnecessary 

    expense that provides little to no benefit depending on what you are selling. 

10. EBay customer support is useless these days and they will give out incorrect information simply to get

       you off the phone. 

11.  Utilize this forum to ask questions BEFORE you have a problem, there are a LOT of experienced sellers

      on this forum that can provide sound advice. 

12. Fully read and understand the MBG, when you list items advise that you accept returns. Too many new 

      sellers believe no returns equates to no refunds and that is NOT the case. 

13. While most transactions go smoothly be prepared to deal with issues like returns, NAD's, INR's..... Factor

      the cost of those into your cost model. 

14. Make sure you do everything you can possibly do to keep your feedback and performance metrics in 

      good standing. You do not want to have your account suspended. 

15. DO NOT drop ship. It is a poor business model and in some cases a violation of eBay policy. 

[tobaccocardyahoo]

Know what competitive retail pricing is and be competitive.

8 rolls of Scotch Packing Tape are $15.95 at Costco with $3.95 for two day shipping.

If you can't make a profit at that price, sell something which is profitable.