How to Start E-bay Business Tips and Tricks in 2023 - Business Ideas

eBay is an online market company, in which both new and used products are sold and bought. eBay has created an e-commerce website for this, where bids are placed. Selling and buying of products on eBay website started in 1995, in 1995 eBay was named Auction Web, after 2 years it was named Eco-Bay i.e. eBay. Whereas in India its trend has started since 2006. At present, about 40 thousand sellers of India sell their goods through eBay and the number of Indian sellers on eBay is increasing.

The way of selling and buying products on eBay is completely different as compared to other e-commerce websites. In this website, sometimes the customer gets benefited and sometimes the seller of the product also gets a lot of profit. On the other hand, if seen from every point of view, there is a possibility of more profit for the seller. So if you want to sell your products online, then the option of eBay can prove to be a boon for you. In the article below, we have given complete information about how eBay works and how you can start your business on eBay.

How does eBay work ?

eBay does not sell or stock any of its own products. eBay acts as a platform that connects sellers and customers. The way of doing business on eBay is like ‘Auction’, if you want to buy some product on this website, then you have to bid (bid). Means you fix the price of the product from your side that I can buy this product for so much rupees. Just your bid price should be higher than the minimum price set by the seller.

For example, if a seller has kept the starting price of the product at Rs.300, then you can place your bid at a minimum of Rs.301. This market is open for all users, anyone can buy that product by placing a higher bid than you. Simply put, the product is sold to the customer who bids the highest price to buy the product. However, apart from bidding, now eBay has also started putting things with fixed prices.

Start E-bay business tips and tricks -:

1). Create a list to sell your products (Create a list of product) -:

To start your business on eBay, you must first decide which products you want to sell. For this, prepare a list of products in advance and if possible, start selling the same type of products, so that the customer does not get confused about your products.

2). Choose your supplier only after thorough investigation (Contact with right dealer) -:

If you don’t want to have your own stock, you can start selling your products on eBay by buying them directly from a supplier. So for this you have to be very careful. Because many suppliers send bad products to the customer by bullying, for example, frauds of selling fake iPhones have come to the fore many times in eBay. That’s why you send it to your customer only after checking the product by yourself. Due to which your rating on eBay will always remain good and you will continue to take your business to heights easily.

3). Fixing the price of your product (Understand How to Price Items) -:

The most important and noteworthy fact is that how and how much you decide the price of your product. For this, you have to understand marketing and also have to check the market value of your product. Because with the help of this decision, you can run the business running on your eBay platform smoothly and by earning more profits.

4). Start Selling Your Own Products (Start Selling Things You Already Have) -:

If you want to start your business through eBay, then first start selling such products which you already have. On the other hand, if you can invest money, then stock the product you want to sell in advance or start selling whatever old products you have, which will give you an idea of marketing on eBay. After this, if you think that you can earn good money on eBay then only invest your money.

5). Use of creativity to sell (Use your creative mind) -:

eBay is such a web portal in which business can be done by selling anything, for example, 50 years old notes and coins are being sold in eBay for the price of lakhs. There is no doubt that you can be successful in earning a lot of money through eBay, it is very important to have creative marketing skills.

eBay Part Time or Full Time Business -:

Part time business can be done easily on eBay, because in this you have to upload the product only once. After this, whenever an order comes, you have 7 days to send the product, due to which you can easily send the product on time with the help of courier company. You do not need to sit whole day for this business. Therefore, if you do any job or other business, then the idea of doing part time business on eBay can become a source of good income for you. You can also set up your own store on eBay for full time. Apart from this, for full time business, you can also keep stock of those products which you want to sell. For this you have to register your store. Although registration or registration is necessary for all types of traders.

How to start eBay business from home (ebay home business) ?

You can easily run this business from home without cost, for that you first open your eBay and PayPal account. After that upload the easily available product around you. For this, buy a smartphone or laptop and keep it with you, so that it will be easy for you to get rid of many business problems. Not only this, with its help, you can buy products from your nearby shop and dealer and sell them to your eBay customers.

Before starting a business or buying something on eBay, you have to create your account on eBay, whether you are a seller or a buyer, it is very important for both of you to create your account. About which further information has been given.

How to register eBay account ?

First Step -:

If you have already created your account then you can directly sign in using your email id and password. Whereas if you are new then click on the register button and fill your name, email and password in it.

Second Step -:

In the second step, you will get the option to update your eBay account, in which your mobile number and address will be asked. Not only this, you will get an OTP to verify the mobile number, after verification of OTP your account will be completely complete.

Third Step -:

In the last step, an option will open in front of you, in which you will be asked to sell the product. When you select this option, the system asks you for the type of your product. During the last step, a page will open to fill some more information, in which you will be asked for the name of the product and complete information, what kind of product you want to sell, along with you can upload about 12 photos of your product.

On the other hand, if you want to create a business account directly without creating a customer account, then for this click on this link reg.ebay.com. After which you fill all your information and your business will be registered.

Along with this, you can also convert your customer account to business account and business account to customer account. For that you have to click on your ‘My Account’ and edit which account you want to keep running.

Terms and Conditions for doing business on eBay (ebay business policies) -:

To do business through eBay, you have to determine mainly three types of policies, which are classified below, which you have to make before starting your business –

Payment Policies -: Within this type of policy, you have to decide how your customer will pay you money, for example on PayPal account or any other way.

Postage Policies -: When a customer will buy a product from you, how will you deliver this product to your customer or in what time your product will reach the customer. Postage policies will be made keeping all these things in mind.

Return Policy -: The most important policy in online business is the return policy. In this policy, you have to tell whether you will take back the product from the customer or not, if you do, then how much money will be refunded on return. Not only this, it is also necessary to mention when and how the money will be given.

How to start an ebay business step by step ?

Upload your product to eBay’s website (List and upload Your Item in eBay web portal) -:

When your registration process is over, prepare a list of the products you want to sell through the eBay web portal. After preparing the list, keep uploading the photo of the product along with the description of the product in your account one by one. But remember that this description should be very good and complete, as well as you can upload 12 photos of your product. Apart from this, you have to fix the money of your product and also have to do free shipping to woo the customers towards you.

Selling the Product (Sell Your Item) -:

If you have uploaded all the information about your product properly, then any buyer can easily identify the quality of your product. Due to which the chances of selling your product increase even more, as well as there is a possibility of getting a good price. Apart from this, if a customer wants to ask you any question about the product, then it is also necessary to answer it quickly. By doing this, your positive image will be created among the customers and your business will start doing well.

Shipping the Product (Ship your Product) -:

After your customer buys your product online, you get a receipt for the payment made by the customer through Pesapay. But this money is still with eBay. You need to dispatch the product to your customer’s address upon receipt. For which you get complete information about the shipping address of the customer within 3 days.

Time limit for delivering your product to customer -:

After getting the correct information of the customer’s address, you have to send your product within seven days through a trusted courier company. Although the customer is near you, you can also send your product yourself.

Receive Buyer Confirmation -:

The eBay company asks for confirmation of the delivery of the product from the customer or the buyer of the product, for this the eBay company waits for the customer’s response for 5 days, after which the company assumes that the customer has received the product.

Get Paid -:

After eBay Company completes its verification process, eBay will send your money to your registered bank account based on your “Remittance Member Status”.

Registration fee for selling your products in eBay (ebay business fees for selling) -:

eBay takes money directly from the seller only then allows the use of its platform. With this, eBay has made many types of rules. Which are divided into the following packages.

Till now eBay had divided the store or business subscription into three parts Basic, Premium and Anchor. But from May 2018, eBay has decided to introduce two more types of subscriptions. Whose names are Startups and Enterprises.

1). Basic subscription -:

With effect from 1st May, 2018, the charges for availing 1 year subscription of Basic subscription will be increased from Rs.1296 per month to Rs.1426 per month. While for registering your store on eBay under Monthly Basic Subscription, you will have to pay Rs 1816 per month instead of Rs 1621. This membership is designed for those merchants who want to bring their small shop online and sell products at low eBay fees. Not only this, from May 1, 2018, when you will upload 250 products for free under basic subscription. After that 16 rupees 25 paise per product will be taken from you for uploading the product.

2). Premium subscription -:

If you subscribe under premium monthly subscription then you will have to pay Rs 4871 to eBay. On the other hand, if you want to buy premium subscription according to the annual term, then you will have to pay Rs 3896 to eBay. Under premium subscription, 1000 free fix price products are allowed to be uploaded. This subscription allows you to upload more products and use more trading tools.

3). Anchor subscription -:

For anchor monthly subscription, you have to pay Rs 22743, whereas for annual subscription of anchor you will have to pay Rs 19493 per month. Only those people who have a big business and want to sell more and more goods take this subscription. If seen directly, only whole sellers use anchor subscription. Anchor subscription allows free upload of 10000 products, in addition to free upload of 1000 auctions for collection and fashion categories.

Rules for all subscription -:

The number of auction style or fixed price product upload fee listings for Guitar and Bass category products is kept unlimited. Under these three subscriptions, you can create at least 300 product categories for your store. 5000 business emails are free for basic subscription, while premium subscription is free facility to send 7500 business emails and 10000 business emails. On the other hand, if your goods are sold, then you will have to pay 9% of the sale price to eBay, but eBay does not charge more than Rs.3242.

4). Starter subscription -:

eBay plans to launch a new subscription package called Starter in May 2018. Under this subscription, you will have to pay Rs 321 per month for the annual subscription. Whereas for monthly subscription you will have to pay Rs. 516 to eBay.

5). Enterprises Subscription -:

This subscription is being launched for big companies and factories. In which many products can be uploaded together for less money, along with this, the limit for uploading products for free is also to be kept high. To get membership through Enterprises Subscription, you will have to pay Rs 194966 (Rs 1 lakh 94 thousand 966) as annual fee to eBay.

eBay Business Profit Margin -:

The profit you get in doing eBay business depends on both your skill and which product you are selling. Although people doing business for many years believe, that net profit on eBay can be extracted up to about 10 percent of the price of the product.

Advantages and Disadvantages of doing business on eBay (ebay business pros and cons) -:

1). Advantages of doing business on eBay (ebay business pros) -:

Connecting with the biggest market (Enhance sale via high traffic market) -:

At present, eBay is counted among the largest online markets, which are accessible not only in one country but all over the world. Which simply means that you can sit in one place and sell your goods in many countries of the world.

Adapt new customers -:

By opening a store in your city, you can contact only a few customers, but if you want your business to spread all over the world, then you can take the help of eBay for this.

Benefits of Search Engine Optimization (Great SEO Benefit) -:

A big company like eBay already pays special attention to search engine optimization on its website, which also benefits you. On the other hand, if you make a website to run your own online business, then it will cost you a lot to get SEO (search engine optimization) done for your website and it is difficult to get quality like eBay.

2). Disadvantages of doing business on eBay (ebay business cons) -:

Chargeable Fees -:

The biggest negative point of eBay is the fee charged after selling the product on eBay. Because the listing of the product on eBay means the fee (fee) for uploading the product is very low, but after the product is sold, it also charges an additional fee. That’s why you have to manage your profit beforehand. Which can also make the price of your product high, due to which you may also face difficulty in selling your product.

eBay’s sub-domain is assigned (Sub Domain of eBay) -:

When you open your store on eBay, you are given a URL which you get in the form of a subdomain. For example, if your eBay store name is ‘Starnet’, then your URL will be stores.ebay.com/Starnet. But you are at a loss when you want to run your business separately by removing it from eBay.

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How to Start E-bay Business Tips and Tricks in 2023 – Business Ideas