Many people have eBay businesses that pull in a decent amount of profits weekly and aren’t looking to make more money. This isn’t for those people. Here are a few simple tricks you can put into action immediately to grow your eBay business bigger and much more profitable.
1) Building a list of past customers. If they purchased from you in the past there’s a good chance they will buy from you again. Send them emails of special offers, new inventory, or rare items in stock. All you need to do is get their emails out of PayPal and into an autoresponder.
2) eBay’s Publisher Network. Basically you make money by getting people to buy stuff on eBay after clicking your link. Combine with tip 1 for insane results, that’s what this post is all about.
3) Staying on top of pricing. Check your listing prices every week or so to stay on top of what the market is doing and raise or lower your prices accordingly. Successful businesses rely on inventory turnover and you can make more money by selling inventory faster by just lowering your prices a little bit.
4) Liquidating. Not willing to lower prices or clear out inventory can hurt your business. Stale inventory takes up space on your shelf, hinders cash flow, and ties up capital. Get your money back and purchase some newer inventory.
5) Watching your pennies. With a few simple tricks we have reduced our listing fees by 60-80% because of eBay’s new policies. We can get the same amount of sales by putting many items in one listing and optimizing that listing for ‘Best Match’. We also have found that using 30 day or good till canceled listing durations help in lowering fees. With just those few changes we have lowered our eBay fee invoices from over $1500 to under $300.
Jesse Holmes is an eBay PowerSeller who has been making money on eBay for over 3 years. Before you start selling on eBay, don’t miss his excellent free eBay Business Start Up Kit, showing you step by step how to learn to sell on eBay.
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