Tips to Make Higher Profits on eBay
The ultimate way to increase your eBay profits is to reduce costs
and expenses as much as you can. There are various fees you have to pay before selling on eBay, and if you’re not careful, they could easily eat
into your profits.
Here are the top five eBay secrets to help you make higher profits.
Save on Scheduling and Photo Hosting Fees
Almost every eBay seller pays two types of fees that can be avoided altogether. First, there’s the photo hosting
You’re only allowed one free photo per listing, after which you pay 15 cents for every additional photo. This
can easily add up if you use more than 3 photos per listing. The second type of fee is the scheduling fee.
When you schedule a particular auction for given time, you are charged 10 cents. Almost every seller uses the
scheduling service, unless you can get your timing right when launching your auctions.
When you use an auction listing service, you
can greatly reduce on these costs, or totally do away with some. Auctiva is one of the free hosting and listing
services out there but you may be limited on services and features. There are dozens of other low cost listing
services that offer value for money.
Use a Credit Card with a Cash Back Program to Pay Your eBay fees
While this may not be regarded as an eBay secret, it is a free money source that many people pass up. Certain
credit cards offer cash back programs. Check and see whether you have one, which can easily give you anywhere
between 1.5 to 3 percent credit back to your card.
It’s also possible to get airline points but the cash option is better for sellers. With a card that pays 2.5 to
3 percent cash-back credit, you can easily save over $600 in fees a year.
Watch Your Insertion Fees
eBay uses a tiered pricing structure for insertion fees. Pay attention to this. It will cost you about 55 cents
when you price an item between $10 and $24.99. Then for an item between $25 and $49, it will cost $1.
This is where you need to get your analysis right. Find out if it makes business sense to price your items in
the lower tier to pay less insertion fees. Of course when the item sells, you’ll have saved on insertion fees if
you priced it lower.
Be Selective When Using Listing Upgrades
An important eBay secret is to experiment with any feature
for which you have to pay to make sure it makes economic sense. Listing upgrades can be costly. eBay will charge
you to highlight, use the bold feature or enlarge your photos, among other upgrades.
To experiment with upgrade, run listings with upgrades and ones without upgrades and establish whether using
upgrades has any positive effect on sales. Using these upgrades may not matter for certain product types.
Use The Fixed Price Feature for Listing
For just 15 cents, you can list items in the books, music and movie categories at fixed prices for 30 days.
Other categories cost 35 cents. Some categories may have higher final value fees and some may have cheaper fees but
fixed items are displayed in search while store listings are not.
Access it out here: http://successfulonlineselling.com/ConsumerWealthSystem.html