Saturday, October 24, 2009

Selling on Ebay

I'm on Ebay again, but this time I'm selling, not buying. The company that I work for is testing the Ebay waters to see if there is a market for some of their older DVD products. So far, the effort has not produced any results. Several factors could be the cause. The first is that people are going to be reluctant to buy from someone who has no feedback. The second is that you don't know if your starting bid is too high. The third is that you have no way of knowing for sure why people are not bidding on your item. Is the description poorly written? Are people turned off if you have a no return policy? Is the product in the wrong category? And lastly, you can't add a "buy it now" option, if you have never sold anything on Ebay.

You can list your item for free, but after the second re-listing, Ebay starts charging a listing fee. Auctions typically last for 7 days, so the need to re-list your item can come up quickly. There are fees for enhancing your ad with things like extra photos and fancy backgrounds, plus Ebay takes a percentage of every sale. For my third attempt at selling an item, we have lowered the starting bid by 25%. Anything below that is not worth our time, since that price is almost 90% below the original price. It could always be that the item we are trying to sell is just not something the average person wants or needs. I figure this will give me some experience selling on Ebay. And who knows, maybe it will eventually give me the courage to start selling some of my own stuff on Ebay... or not.

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