There are two typical ways of making money from eBay. One deals with joining its affiliate programs while the other deals with selling goods or services at the auctions. On the second method, there is only one strategy used by eBay sellers; Buy low and sell for a profit. When you are ready to transact on eBay, the first thing you must decide is what you are going to sell in your auctions.
eBay Partner Network
eBay offers one of the most lucrative and high paying online affiliate business opportunities with millions of products at your disposal. To capitalize on this golden opportunity of making money, all you have to do is to create eBay affiliate store to be on your way to achieving affiliate success.
Steps to becoming eBay Affiliate
(i) You need to go to the eBay Partner Network website and create an account
(ii) From the account, get the campaign ID number.
(iii) The next step is to buy eBay affiliate website builder software from the ezAffiliateWebsiteBuilder, and this is what you will use to build your websites
(iv) Get a domain name for your affiliate website and set up web hosting for it
(v) Create you first niche affiliate website from the eBay program and start promotion.
Getting Started Selling on eBay
The other way of making money from eBay is through setting up a seller account. You need to create your listings, manage these listing and wrap up with the buyer. The steps to achieving this selling opportunity include the following;
(i) Setting up a seller account
– You need to confirm the name and address on the eBay File
– You also need to confirm your phone number
– Specify on the automatic payment method for paying your seller fees
– Set up a working PayPal account
(ii) Creating a listing
The second step is to create a listing where you describe your items in clear and simple terms. eBay will then identify the most relevant category so that potential buyers can find it fast. The administrators shall also provide pricing guidance and tips. You also need to compare your item with active and completed listing to get an idea of the recent selling prices.
(iii) Managing your listing
After you have your listing up and running, you now check to see if anyone bid on your item or bought it, by going to the sell section on your account. You can equally consider revising your listing. You are advised to answer any question you receive from the potential buyers about the item, as communicating with them establishes trust and rapport.
(iv) Wrapping up the sale with the buyer
The eBay checkout will notify you via email when the buyer has completed the checkout. You can contact the buyer directly if you have not heard them within two days at the end of your listing.
Before shipping your item, you need to ensure that that buyer has paid you and the payment has been accepted and fully credited to your account. If your mode of payment checks, confirm if the check has been accepted and cleared by the bank. Finally, pack your item securely and carefully and ensure that the shipment information is correct and has a return address.