Introduction To eBay
Here is a simple introduction to eBay. Ebay is an online auction website. There are over 150 million registered users worldwide. People from 30 different countries sell stuff on eBay. It is sometimes referred to as the worlds biggest garage sale. It is a great place to sell your old junk or start a profitable online business.
Every type of product imaginable is sold on eBay. Houses, cars, boats, sporting equipment, sporting collectibles, antiques, ipods, cell phones, books, movies, jewelry, musical instruments, dolls, and clothing are some things commonly sold just to name a few.
Introduction To eBay Selling
People can post any type of item for sale on auction. You set a time period for when each auction ends. The highest bidder at the end of the time period wins the bid (what ever is being sold). The seller collects payment, pays the eBay listing fee, then ships the product to the customer.
When you sell products you need to be sure to ship everything on time according to what your description indicates. When you ship products late it affects your feedback score. Your feedback score indicates how reliable you are as seller and can mean the difference in everyone wanting to buy from you or no one at all. Low feedback scores make buyers hesitant to buy from you.
Your feedback score can be affected by many other things as well. Sending products that don't work will greatly lower it. Mailing something other than what was specified will result in negative feedback. Users also have the option to write feedback for other users to read. Normally they will give you a bad rating plus write a bad review for everyone to see.
As a seller you need to give people a method of which they can pay or method of payment. Offering multiple methods of payment will result in a greater chance of your making a sell. On ebay you can accept check, money order, credit card, debit card, and paypal. In the cases of credit and debit cards you have to verify if you accept Visa, MasterCard, American Express, Discover, and any other type of major cards.
All products besides digital ones, such as ebooks require, shipping. As you know there are listing fees for every product sold on ebay. Listing fees are usually only a couple dollars. Most sellers make this couple dollars back by charing a couple dollars extra for shipping. Most people never notice and it is a good way to get around the fees.
Introduction To eBay Buying
In order to buy product on eBay you have to win the auction by being the highest bidder or pay a fixed price if that is what is asked for. In some cases you will be given the option to wait and take your chances bidding or buy it right now. If the buy it right now option is available you will see a red button next to the auction labeled "buy it now" along with the fixed price.
If you are the highest bidder at the end of the auction the seller has to sell you the product for the price you bid no matter how low. If you were to sell a house on ebay and it sells for a penny, that is all the bidder has to pay. If the bidder backs out of the order it is known as eBay fraud. Commiting eBay fraud carries serious consequences.
Experienced eBay sellers have the privilege to avoid that happening by putting a reserve on a auction. A reserve is a price that the maximum bid has to exceed or the buyer has the option to not sell the product. In order to be able to set reserves you have to sold or bought a certain amount of products on eBay. Most expensive products have reserves on them in order to prevent lossing money.
When buying a item on ebay make sure it has a fair return policy. If a item does not have a fair return policy you could get screwed out of alot of money. Never buy a item that has a return policy that seems unfair. This could also be a clue that the product is of low quality of may not work right.
Introduction To eBay Payment Methods
To buy a product on eBay you need to be a registered user. If you are already a member you will need a method to pay for what you buy. You can usually choose to pay by paypal, credit card, debit card, and money order. The most popular way to pay is paypal.
Paypal is owned by eBay. Although it can be used to pay for virtually anything on the internet, it was originally designed to be used for eBay purchases. A paypal account is like a online bank account but much safer. The first step is to deposit money from your bank account into your paypal account. After that you can safely pay for anything on the internet without worrying about hackers trying to intercept credit card data.
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