Getting Started On eBay As A Seller
Getting registered with eBay as either a auction seller or buyer is a very simple process. As a buyer, all you need to do is provide some minimal information such as name, address, e-mail address, and create a user ID and password.
To register as a seller requires some additional steps, primarily focusing on financial matters, though you'll also be expected to agree upon what you can and cannot put up for auction, and the rules and regulations associated with listing or presenting information regarding the items you intend to auction. It almost goes without saying that you'll be expected to conduct your selling affairs in honest matter, in no way misrepresenting the items you will be listing.
As an eBay auction seller, you'll need to set up an account, as you will be paying fees to have items listed, as well as paying commissions on those items which sell. You do not have to pay a commission on any item you list that does not sell. You have several choices as to how to intend to make any payments due eBay, but in any event, to open an account you will need either a valid credit card, a debit card, or provide your bank account information.
You'll also want to set up a feedback profile. This is especially important if you intend to sell many items at auction. The feedback profile, which is public, is intended to help you the seller, and to give a prospective bidder peace of mind should they choose to bid on a relatively expensive item.
The feedback profile serves as a good policeman, hopefully in your case a kind one. A few highly negative feedback comments can be damaging, so you'll want to conduct business in an honest and professional matter.
You'll also need to set up a Q and A feature, so bidders can request further information or clarification about an item you are listing.
You'll want to do some research into how to price items that you'll be placing up for bidding, what category they fall in, and how to list them in a manner that makes them easy for a prospective bidder to locate.
You'll want to research ways to create a listing that will both draw attention to your item, present the item in the best possible light, and describe it correctly and accurately.
You'll want to research into how best to employ options relating to Reserve Prices, Best Offer invitations and Buy It Now invitations. There are certain restrictions which apply that you'll need to know.
You also want to become familiar with calculating shipping costs, as prospective buyers will want to know how much above the purchase price they might be expected to pay for shipping.
That's just a start, but enough to get you started as an eBay auction seller.
Getting Started On eBay As A Buyer
Getting started on eBay is easy, whether you are a buyer or a seller, or as more often than not, eventually do some of both. Getting started as a buyer is by far the easiest (staring as a seller is the subject of another article).
To become an eBay buyer, all you have to do is register. Many web sites require only an e-mail address and password to register. eBay requires a bit more, though not much.
eBay will ask for your name of course, your e-mail address, and your mailing address and phone number. The latter is just in case questions arise, especially if you set up an account. You'll probably never hear from eBay otherwise, as communications will most often be by e-mail, or in some cases, text messaging.
You'll then be asked to create your own User ID and also create a password, followed by creating a secret question (and answer) and your date of birth. All of this is for your own protection, so someone else can't sneak into your account and purchase or bid on a number of items "on your behalf".
There are far fewer restrictions placed upon you the buyer, than are placed on the seller. Primarily what is expected of you as an eBay auction buyer is that you make prompt payment on any item you purchase or bid successfully on.
The other item you need to be aware of is, given the opportunity to post information on eBay, such as a review or feedback, you are cautioned not to make false or malicious statements, use derogatory language, or post information that is not directly related to your status as a buyer.
Since you would probably not really do anything like that, you can see that becoming an eBay buyer is quite simple, and takes about 5 minutes max.
An excellent piece of advice is to go through the various guides and tutorials eBay offers. This is not only to learn how the bidding process works, which is important, but to see all the tools which are at your disposal to make your bidding experience a positive one. There are many tricks, techniques and strategies you can follow when bidding on items, some of which you will no doubt make up yourself.
Unlike day trading, you don't go through a trial process, using pretend money. If you experiment with bidding and enter what turns out to be the highest bid for an item, you have to pay for it.
As you will soon find out, bidding at eBay auctions opens up a whole new world, whether you've participated in auctions in the past or not. Have fun!
eBay Selling - The Opposite Of Buying
If you're both an eBay auction buyer and seller, you're in a sense trying to live in two different worlds at the same time. For a given item, you either try to get it for as little as you can, or sell it for as much as you can. If you can succeed at both, then like many others have done, you can set up a thriving business on eBay.
So instead of being bidder, and employing all the strategies that a good bidder does, what are some of the strategies you should be using as a seller.
A smart bidder likes to participate in an auction that closes on a certain day, such as Tuesday, and a certain time, such as early morning, when traffic is apt be low and one's final bid is apt to hold up. As a seller you want to be doing the opposite.
Time your auction so that it will close on a Sunday, let's say just after dinnertime. That's when traffic tends to be highest, and the item you have for sale might just find itself in the midst of a last minute bidding frenzy. As a buyer, you'd rather avoid that. If you're competitive juices kick in, you may spend way more than you originally intended, to get the winning bid. If you're a seller, sit back and enjoy.
A smart bidder will often contact the seller of an item to get answers to questions about the item that might arise, or questions regarding shipping costs, time to ship, or how payment is to be made.
Since there are different ways to ship an item, and different ways it can be paid for, your job as a seller is to put as much of this information in your listing as possible, so you don't get a flood of questions on a hot selling item. Give the buyer some options if you can. Otherwise, make it clear in your listing how you plan to conduct your end of the transaction.
A bidder likes to see a low initial price. As a seller, you might be tempted to start with the highest price you think you can get away with. This is sometimes a sound strategy, but setting your opening price a lower can pay sometimes off as well.
If your price is attractive, to the buyer, it could easily set off a bidding war. In the end you might do end up doing better than would have been the case if you started high. Something to think about.
There are many different seller's strategies, but there are some good ones you might come up with simply by thinking like a buyer, and then turning your thoughts around 180 degrees.
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