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Selling & Making Money Successfully on ebay is Work! By Dr. Michael Stachiw January 2009.

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Presentation on theme: "Selling & Making Money Successfully on ebay is Work! By Dr. Michael Stachiw January 2009."— Presentation transcript:

1 Selling & Making Money Successfully on ebay is Work! By Dr. Michael Stachiw January 2009

2 ebay Selling Starting to sell on ebay is relatively easy But like most business ventures, the easy part is getting started, its the day-to-day details that can (and will) cause failure January 2009 – Dr. Michael Stachiw

3 ebay Selling As the old saying goes, The Devil is in the details! January 2009 – Dr. Michael Stachiw

4 ebay Selling Lets 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 Macys combined. You can be either/both a seller or buyer on ebay January 2009 – Dr. Michael Stachiw

5 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

6 ebay Selling Each of these three methods has advantages, as well as disadvantages. January 2009 – Dr. Michael Stachiw

7 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

8 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

9 ebay Selling Buy It Now: + Lowest sales/posting fees ($0.35 to post + % of sales price) - If buyers dont like price, harder to sell January 2009 – Dr. Michael Stachiw

10 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

11 ebay Selling Buy It Now, with best offer: ( Contd ) + If buyers dont 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

12 ebay Selling Last, but not least, what payment methods are we willing to accept & delivery method? January 2009 – Dr. Michael Stachiw

13 ebay Selling Payment methods: – Check – Money Order – PayPal ( required as an option ) January 2009 – Dr. Michael Stachiw

14 ebay Selling Delivery Methods & Pricing – UPS/USPS – Local pickup – Handling Charge – Shipping fixed or based on weight January 2009 – Dr. Michael Stachiw

15 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

16 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?)

17 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

18 ebay Selling January 2009 – Dr. Michael Stachiw 9. Select photo(s) 10. Enter item description. Be descriptive 11. Select payment and shipping options

19 ebay Selling January 2009 – Dr. Michael Stachiw Lets take a look at actually going through the process

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42 January 2009 – Dr. Michael Stachiw ebay Selling Now what?

43 January 2009 – Dr. Michael Stachiw ebay Selling Much like a physical store, you will have daily tasks to perform. Like...

44 January 2009 – Dr. Michael Stachiw ebay Selling Answer questions Haggle over price Collect money Prepare items for shipping Ship items Answer even more questions

45 January 2009 – Dr. Michael Stachiw ebay Selling Give refunds Rate customers Answer redundant questions Do bookkeeping Do banking Answer endless questions

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58 January 2009 – Dr. Michael Stachiw ebay Selling FeedDealer.com Thank you. If you have any questions, please do not hesitate to contact me:


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