eBay Selling Expensive Items

eBay and Drop shipping – Getting the Product to Customers

If you hope to own an eBay business, and make a full time living at it, you can easily make that dream come true – even if you don’t have a product of your own to sell. eBay provides many people who want to quit their corporate nine-to-five jobs with a way to make a good living, without having to put up a lot of start up capital. This is made possible with the help of drop shippers. Drop shippers send merchandise to the customers of business owners. If you have an eBay business, you are a business owner. This will allow you to offer a wide variety of stock in your eBay store, without having the need to warehouse all of those products!
 

 All you have to do is set up your auction, and sell the product. You then pass the customer’s information on to the drop shipping company. The drop shipper does the rest, and they will even use your company information, as well as your company logo if you have provided it to them. When the product arrives at your customer’s home, they will have no idea that your company didn’t send it. The drop shipper will package, label, and ship the products that you sell, allowing you more time to set up even more auctions, for greater profits.
 
 You must establish a relationship with several drop shipping companies in order to become successful. In the beginning, most companies will require you to pay for the items that your customers order before they are shipped. You need to fill orders in a timely manner, so you should pay for the items with a credit card for speedy service. Eventually, you will be able to have the drop shipper fill your orders, and then bill you for them later.
 
 When you set up your eBay auctions, make sure that your reserve price is set higher than the price that the drop shipper will be charging you for the item. The idea, of course, is to earn a profit! Depending on the item you are selling, a markup of about 10% should be about right, but you should do some research to see if the item is selling for a lower price in another eBay auction, or through other online sources.
 
 By starting an eBay business using the drop shipping method, there is essentially no financial risk involved. The product will be sold before you pay the drop shipper for the item. This is one of the few businesses where you can actually turn a profit before you have expenditures!

How to Find Great Deals at eBay

Everyone loves a great deal! Many people spend quite a bit of time searching for good deals on the items that they want and need – and when they find those deals, they experience a certain amount of satisfaction. These people typically haunt garage sales, stores that are holding sales, wholesale warehouses, flea markets, and especially online and offline auctions. With the incredible number of auctions that are constantly going on at eBay, it can be difficult to find the items you want, at the price you want to pay. But it isn’t impossible to find great deals!

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There are steps you can take to ensure that you are getting a great deal on the items you purchase through eBay. In fact, these same steps will also help to protect you against fraud. Participating in online auctions is a great deal of fun, but you mustuse caution as well. This caution entails doing your research before you place any bids.

Start with the auction in question. Make sure that you read every word of the description and the auction details. You can never have too much information – especially if that information is about an individual that you may be doing business with. Pay special attention to what the description and auction details do not say. For instance, is a guarantee mentioned? Is the item new? Is it authentic? Is there proof of authenticity? Look for auctions that provide the right information – and the right amount of information. Avoid those that do not.

Who will pay the shipping and handling costs? Often, the buyer pays these costs, and sometimes, the seller tries to charge more than the actual shipping and handling costs are. Beware of high shipping costs, especially for items that will be auctioned off at a very low price. Also note when the item is supposed to ship after the bidding has ended. Depending on what you are trying to purchase the item for, it may not arrive in time.

Don’t make the mistake of bidding on an item simply because it is a ‘good deal.’ It is only a good deal for you if the item is something that you really want or need. Many people simply bid for the sake of bidding – or winning – without having any real need or desire for the item in question. Before bidding on items that you do want or need, check prices around the Internet and the prices available from offline sources as well. Just because it is on eBay does not guarantee that it is the cheapest price available!

Finally, learn more about the seller. Can you trust them? What is their rating? Read their feedback page! Failure to learn more about the seller can becostly. Not everyone is as honest as you are – and the seller may be trying to take advantage of people that simply don’t know enough to find out more about them. Sometimes scammers make their auctions sound like really great deals. Beware of prices that seem extremely low!

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How to Sell Expensive Items on eBay

By: Gama

Selling expensive items on eBay is really no different than selling low cost items. Essentially, no matter what you are selling, it all comes down to how you market the item. This doesn’t mean you have to surf around the Internet placing ads here and there – when it comes to eBay auctions, the marketing is all done at the eBay website.

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Basically, when you set up your auction, you are setting up an automated marketing campaign. First, you must determine what the value of your item is, in three different ways. This will help you determine what your reserve price is. On eBay, the reserve price is the lowest price that you are willing to accept for your item. First, have your high priced item evaluated to determine what the actual market value is. Next, research similar items from past auctions at eBay to see what price those items sold for. Finally, determine what the value of the item is to you. With this information, you should be able to determine the lowest amount you are willing to sell the item for.

Set your reserve price, and then set your opening bid price lower than $50 – no matter how high your reserve price is. This is a marketing tactic. It will be hard to attract potential buyers to an auction for an item selling for hundreds or thousands of dollars – but getting them to an auction where the opening bid is only $50 is quite simple. Remember, you don’t have to sell the item to anyone who bids less than  your reserve price – unless you choose to do so at the close of the auction. This method of price setting resembles marketing gimmicks used by offline businesses that are simply designed to ‘get customers in the door.’

Work hard on the description for your listing. Use words that really describe your item well. Provide as many details as possible, including details that prove the authenticity of collectible items. Include pictures of the item as well. Do not try to deceive potential buyers! If the item has marks or scratches, simply be honest about it, and make sure that the pictures convey this as well. State how the item will be packed and shipped. Also let potential buyers know that shipping insurance must be purchased as well – in case the item is damaged once it leaves your possession.

For higher priced items, most eBay buyers feel more comfortable using an escrow service. Offer this as an option in your auction, with the understanding that the buyer must pay for the service. This protects both parties from fraud, and it makes many buyers more open to spending the money to obtain the item. eBay has partnered with an escrow service that is commonly used for high ticket items.