We all know that customer service is key in any business. Well, becoming a Top eBay USA seller requires just that – outstanding customer service! Furthermore, the outstanding customer service is attained by means of certain sales standards achievement, tracking requirements and overall performance standards.
Continue reading How to become Top eBay USA Seller?
Let’s admit it: mistakes happen. However, whether you’re selling on eBay, Amazon, or Etsy, some mistakes are too costly to ignore. Research and understanding of basic selling principles can certainly help you save some time and money.
We’ve decide to list some of the most comment mistakes an online seller can make, while highlighting basic solutions.
Continue reading Top 3 mistakes to avoid when selling online
Those who think that selling on eBay simply involves logging into your account and listing an item are mistaken. At least, if one wants make sales while achieving healthy eBay profit margins. Let’s break down eBay’s typical costs of sale to get to our profit margin.
Continue reading Increased difficulty to sell on eBay as profit margins continue to decline
Liquidation of unsold eBay merchandise can immensely enhance the financial position of your online business.
Do you have new goods in stock that haven’t sold in over three months? Or perhaps you have refurbished / used goods that have been around for over six months? Those items can become harmful to the wellbeing of your organization – sort of like a blocked supply route. Your cash (or capital) is physically locked in and could hinder your prosperity.
We suggest you start every new quarter of the year by analyzing immovable merchandise. You should always try and liquidate the good that are stuck in your storefront. Remember, unsold merchandise diminish your sales goals.
Continue reading Why Some eBay Merchandise Should Be Liquidated
Your sales success on eBay depends on proper management and organisation. Inefficient eBay inventory management can give rise to costly mistakes and create a negative impression of your business. You may lose customers because you find yourself selling items that you no longer have in stock for example and in the end you land up with unhappy customers who leave negative reviews with disastrous consequences on your business’ bottom line. In short, you need to streamline your eBay inventory management processes and you’ll your see profit margins take off.
Continue reading Tips to improve eBay inventory management
Buying in bulk offers great low price advantages to individual resellers, especially when purchasing from online market platforms such as eBay Wholesale. Are you an independent retailer who wants the attractive profit value from reselling wholesale items individually? Perhaps, you are a householder with an extended family who really appreciates the cost saving benefits of buying items in large quantities? To reap maximum benefits in wholesale buying on eBay there are a few tips and tricks to keep top of mind.
Continue reading Get eBay Wholesale Right With These Best Practice Techniques
To build up online sales, gaining a good position for your eBay listing in the Best Match sort order is key. The way to do this is to ensure that you use item specifics and price your items competitively. Achieving a Top Seller status is another way to get good positioning and this comes from offering services that help your items sell and delivering excellent service to your customers. Make sure you research best practises before listing your item to ensure you have the best chance of featuring in the search results. Making your eBat listings eye catching and offering quite a few choice items will help you get more followers and more exposure.
Continue reading How to maximize your Ebay listing exposure
You have determined your slow moving inventory items, now what?
Stock that sits in your warehouse and does not sell or sells extremely slowly costs you money! The space and the capital they take up can be better utilised on faster moving products. Once you have identified your slow moving inventory, you have to put a plan in to action to reduce your slow moving merchandise quickly and efficiently.
Some of the simplest methods to reduce stock consist of ‘Special Offers’, where the pricing is reduced to try and turn over the stock as quickly as possible. There are however a few other methods that you can try before you go this route. How are the items marketed?
Continue reading Slow Moving Inventory: How to Deal with It (Part 2)
Once you have been selling online for a period of time, you inevitably end up with some slow moving inventory. What’s slow moving inventory? It is the stock that just doesn’t move or moves very slowly in comparison to your other stock items. These items take up valuable space as well as retain the capital you expended in purchasing the items. Sometimes, as the items age, they can become even less valuable and result in further losses. Your business growth could be hampered and even totally stifled by having too many slow moving inventory items. So what can be done to reduce the problem?
What is slow moving inventory?
Slow moving inventory item for you might not be the same for a different seller. Also, how you define your slow movers could differ too. Here are a few basic ways of determining a slow moving inventory item.
Continue reading Slow Moving Inventory: How to Deal with It (Part 1)
OFFER FAIR VALUE
As far as your eBay pricing strategy is concerned, it is important to know the fair value of your item. This will ensure profitability. Your buyer will also be satisfied with the price paid. An easy way to get a feel for what would be considered a fair price is by using an Advanced Search to check through the “Sold” Listings. This will show what a comparitive item sold for previously. You have another way to check if your price is in the ball park. You should always check what current sellers are selling, while determining their eBay pricing strategy. This will give you a good working model to base your pricing structure on so that your sales are optimised.
Continue reading eBay Pricing Strategy