Back in the days when eBay was first becoming an internet phenomenon it was possible, even easy, to get rich quickly through selling the right products.
These days thousands of people strive to make a living through this internet auction site, and many thousands a year fail. What distinguishes the top sellers on eBay from those that try and don't succeed? How can you align yourself with those top sellers and start to make a successful living instead of scraping the bottom of the barrel and barely breaking even?
Fortunately with a little searching online you can get easy access to lists of the top eBay UK sellers, along with the profits that they have actually made in recent years. With this information it is easy to identify some trends and keys for success that could help you to join this elusive list and start to bring in some of the profits that they are seeing for yourself.
Here are a few observations when conducting your own research:
The importance of feedback
It is highly unlikely that you will ever stumble upon top sellers on eBay that have low feedback ratings, with many scoring in the 99%, or even up to an incredible 100%, region. We can read more from this information than that these sellers simply deliver their goods on time. It is impossible to have as high a feedback rating as these top sellers if excellent customer service is not one of their highest priorities. This is a vital lesson to learn and can be simply implemented with quick communication to any questions, polite responses and suitable packaging for any products with quick delivery.
Quantity of sales
To be raking in the profits it is obvious that the top sellers on eBay must have many listings. Don't assume that you could make it to the top ranks of the internet auction site with just one or two listings finishing every day. Instead you would need a reliable source of goods from a wholesaler, dropshipper or alternative source that would allow you to provide a consistent flow of auctions. With this aim achieved and combined with you excellent customer service you are likely to find the same buyers returning to your store time and time again for similar products.
Set up your eBay store
The majority of top sellers on eBay operate through the medium of an eBay store, rather than an individual selling account. The store doesn't necessarily have to be fancy; many successful stores simply operate with the basic eBay tools on offer. This implies that it is simply in having a store established that will increase your profits. Buyers will trust stores with many listings more than individuals with the same quantity of stock.
Value for money
Finally, to become a top seller it is absolutely essential that you offer your buyers excellent value for money. That means you will need a cheap source of supplies which can easily be attained through buying in bulk. It also means that you will need to keep a close eye on your competitors to ensure that your goods are consistently the cheapest, or close to that level, on the market.
Never underestimate the valuable information that can be learnt from the example of the current top sellers. Digest this information, add your own through your research and, most importantly, implement any tips that you learn.
Author Resource:
Amanda O'Brien is a successful eBay Powerseller and author of 'The 2,500 Per Week eBay Powersellers Secrets' home study course. Want to learn more about starting an eBay business or simply want to improve your eBay sales? Claim your free eBay Selling Secrets Report at http://www.powersellerpod.co.uk
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