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Wednesday, December 21, 2005
Making Money on eBay Part 3
The use of online auction sites is a rapidly growing phenomenon, and everybody with something to sell is flocking to sites like Ebay. Before you jump on this possibly lucrative bandwagon, here are a few points to consider about your Ebay campaign.
Your first step is setting up the account. You'll need a secure credit card with enough money to cover all of the applicable fees that the site charges. If you can't pay your bills, you'll never get your auctions going.
There is an art to creating successful Ebay listings. A pre-fabricated online form lets you post text and pictures of your products, but it always helps to know HTML in order to jazz up your listings. You'll need the best pictures available to attract customers to your products.
Pricing is all-important in the Ebay trade: you'll need to think about a reserve price (the minimum price that you will accept for each lot). There is also a Buy-now price that allows a buyer to circumvent the auction process. Finally, there is shipping and handling. Calculating the right shipping costs can be the difference between profit and loss.
When you've successfully sold your product, you've still got a few steps to go. You'll need to follow through on shipping: promptness is the key here. Have your items ready to go and get them to the post office ASAP. Make sure that fragile items are protected from on-the-road eventualities.
Attention to these details will help ensure return customers and allow your Ebay business to thrive. Don't lose out to the competition; make your Ebay product placement second to none.
Dotcomology - The Science of Making Money Online
 
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