selling & making money successfully on ebay is work! by dr. michael stachiw january 2009

Selling & Making MoneySuccessfully on ebay

is Work!

By

Dr. Michael Stachiw

January 2009

ebay Selling

• Starting to sell on ebay is relatively easy

• But like most business ventures, the easy part is getting started, it’s the day-to-day details that can (and will) cause failure

January 2009 – Dr. Michael Stachiw

ebay Selling

As the old saying goes, “The Devil is in the details”!

January 2009 – Dr. Michael Stachiw

ebay Selling

Let’s start by defining a few items:• ebay is a large on-line auction/mall of

items that are for sale. On a yearly basis, the sales on ebay are greater than Kmart, Sears and Macy’s combined.

• You can be either/both a seller or buyer on ebay

January 2009 – Dr. Michael Stachiw

ebay Selling

• Usually a person sells items on ebay in using one of three methods:– Auction. Maximum of 10 days– Buy it now ( ), maximum of 30 days*– Buy it now or best offer ( ), maximum of 30

days*

January 2009 – Dr. Michael Stachiw

* Can be set to automatically relist “till cancelled”

ebay Selling

• Each of these three methods has advantages, as well as disadvantages.

January 2009 – Dr. Michael Stachiw

ebay Selling

• Auction: + Can gain highest $ on sale - Shortest sales interval (10 days) - Most expensive posting fee (% of

initial requested bid) Items need to be auction “friendly”

January 2009 – Dr. Michael Stachiw

ebay Selling

• Buy It Now: + Like selling in a regular storefront + Longer sales duration (30 days) + No haggling on sales price + Great when

you have multiple items

January 2009 – Dr. Michael Stachiw

ebay Selling

• Buy It Now: + Lowest sales/posting fees ($0.35

to post + % of sales price) - If buyers don’t like price, harder to

sell

January 2009 – Dr. Michael Stachiw

ebay Selling

• Buy It Now, with best offer: + Like selling in a flea market + Longer sales duration (30 days) + Supports haggling on sales price + Great when you have multiple

items + Lowest sales fees ($0.35 to post +

% of sales price)

January 2009 – Dr. Michael Stachiw

ebay Selling

• Buy It Now, with best offer: (Cont’d) + If buyers don’t like price, they can

make an offer easily & you can accept easily

+ Most likely to sell - Can easily lead to less $ per sold

item

January 2009 – Dr. Michael Stachiw

ebay Selling

• Last, but not least, what payment methods are we willing to accept & delivery method?

January 2009 – Dr. Michael Stachiw

ebay Selling

• Payment methods:

– Check

– Money Order

– PayPal (required as an option)

January 2009 – Dr. Michael Stachiw

ebay Selling

• Delivery Methods & Pricing– UPS/USPS

– Local pickup

– Handling Charge

– Shipping fixed or based on weight

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

Ok. So let’ s look at actually selling something. Steps involved are:

1. Create PayPal account if you do not have one

2. Create eBay account if you do not have one

ebay Selling

January 2009 – Dr. Michael Stachiw

3.Take photos

4.Write-up technical description of what we are selling.

5.Decide on selling price. (Research selling price or do we already know our price?)

ebay Selling

January 2009 – Dr. Michael Stachiw

6. Decide on shipping & handling issues

7. Start posting, by selecting a category

8. Then complete all posting questions

ebay Selling

January 2009 – Dr. Michael Stachiw

9. Select photo(s)

10. Enter item description. Be descriptive

11. Select payment and shipping options

ebay Selling

January 2009 – Dr. Michael Stachiw

Let’s take a look at actually going through the process

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael Stachiw

ebay Selling

Now what?

January 2009 – Dr. Michael Stachiw

ebay Selling

Much like a physical store, you will have daily tasks to perform.

Like . . .

January 2009 – Dr. Michael Stachiw

ebay Selling

• Answer questions

• Haggle over price

• Collect money

• Prepare items for shipping

• Ship items

• Answer even more questions

January 2009 – Dr. Michael Stachiw

ebay Selling

• Give refunds

• Rate customers

• Answer redundant questions

• Do bookkeeping

• Do banking

• Answer endless questions

January 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

January 2009 – Dr. Michael StachiwJanuary 2009 – Dr. Michael Stachiw

ebay Selling

Dr.Mike@FeedDealer.comDr.Mike@FeedDealer.com

Thank you.

If you have any questions, please do not hesitate to contact me: