ENTREPRENEURSHIP / FEB. 14, 2015
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How to Make a Living with eBay

When we think of eBay, we imagine that it is a marketplace for making extra cash on the side. However, what you may not know is that, it is possible to make a living out of eBay. As an online business platform, eBay offers a chance to trade globally and generate enough income to sustain a living. The value of sales processed estimates to £6 billion annually in Britain alone. The figure is attractive and makes it possible to make enough money to fund basic needs and even a life of luxury. Here are some secrets to making a living with eBay.

Start Selling Anything

The trick with eBay is that the seller trades almost anything from electronics to clothes, utensils and anything else that can be sold. To make money, sell whatever you have lying around in the house that you don’t need or find less useful. Other people need the items that you hoard in your house, and eBay creates a platform for both you and a buyer to meet and trade. Remember that you are selling to make a living, hence sell items that can be easily bought. In addition, ensure you set a considerable price that will not make buyers shy away from buying your items.

Open a Store

To solidify your seriousness in making a living on eBay, open a store. An eBay store will set you on track for a successful business. One of the benefits that you gain from opening an eBay store is getting traffic to your store since eBay promotes your store on search engines. Promotion of your store will help attract buyers and subsequently aid in increasing sales. On the other hand, an eBay store gives you credibility that boosts your reputation to customers. A good reputation shows your seriousness and clients feel comfortable buying from you. In addition, you can charge a bit more than other sellers who do not use an eBay store.

Show Good Customer Service

Nothing attracts customers like great customer service. Making your customers feel like they are important to you helps to create customer loyalty. Make yourself available for any customer queries and give feedback without delay. Responding to your customers’ queries shows your professionalism and politeness. These traits will make the customer return to your store to purchase items. There are times that customers will annoy you and frustrate your money making efforts. Avoid lashing back as this is part of making money on eBay just as with any other business.

Find Your Niche

Another useful tip is locating your niche. Finding your niche is possible after spending a while trading on eBay. After selling items for some time, you’ll start to understand what works and what does not. Time spent on eBay enables you to discover what you are good at selling and what customers often buy. Gathering this information will allow you to decide on one or more specific niches that you’ll focus on. Although it will take time to find your niche, it will be worth it once you start selling steadily, and income regularly flows.

As shown above, eBay can no longer be ignored as a source of earning a living if you are patient and take it seriously.

 

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