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Ebay is a natural choice for resellers looking for a market
place to sell their products, but do not forget that Ebay is a great place for
marketing your products as well. Listing all of your products on Ebay,
especially when you sell thousands of products, may not be your best strategy
for achieving ecommerce success. This guide gives you 3 simple approaches
to limiting the products that you sell on eBay. It is also meant to help
resellers improve their eBay feedback so that they can sell more products and
get their primary e-commerce store in front of my customers. We
often receive questions on how many products should be listed on eBay and how
much they should charge on these products from our resellers.
For
Drop Ship sellers eBay can be an excellent marketing tool, but it is easy to
make mistakes when selling products on eBay. Some new resellers get
excited and want to sell all of their products through as many venues as they
can. This might seem like a great idea, but just because it is drop
shipped products it can still cost you to manage inventory. If you
managed a traditional warehouse you would not want to pay to ship and sell your
products in every store window. This would be expensive. You want
to sell your products where they can sell. However, like traditional
product retailers, you might want to take advantage of certain venues to get
attention for your products or site.
Think
of eBay as a way to create a "buzz" for your main storefront, not just another
venue to sell products. eBay can be both a marketplace and a place to
market. There is no right way to do this, but you can focus your eBay
products through a few basic strategies:
- The Early Bird- Even in
eCommerce the early bird still catches the worm. Use eBay to list
you're the new products for your suppliers. When you use Inventory
Source you are made aware of new products each day for your
suppliers. Use your Inventory Source Advantage over other resellers
and be one of the first people on eBay to list and effectively market the
product. If it is new, the odds that few people sell it and more
people want it might increase.
- The Big Bird- Select
your big name products, big ticket items, or big sellers and list these
products on eBay. There is a natural market for these products and
the amount of traffic and demand can help your site's sales and
visibility.
- The Rare Bird- Some resellers
like to sell what the market wants. Some resellers look for what the
market needs. Free markets, and eBay is a text book example of a
real global market place with few things restricting the contact between
buyers and sellers, see rapid changes to the supply and demand
patterns. If something is "hot" and lots of people want it, more
people will try to sell it. However, the more people there are
selling a product or category, the more the price will be impacted
negatively, and the harder it will be to stand out as a seller. Look
at eBay for products and categories where there are fewer sellers or fewer
products available and make your mark in those niche products. Even
if you are selling a DVD player, you might list a brand or product that is
less popular and you might stand out in the listings as people inquire
about your items details.
You
can list lots of products on eBay, but since you have to pay to list items, you
need to sell lots of items on eBay. The "I got rich selling on eBay" guys
do not always mention this point.
Inventory
Source can also help you to improve your eBay offering with formatted files
making it easier to sell your products through the platform. Also, the
update service, either the file download or the automatic updates are very
important here. Out of stock items can quickly hurt your feedback rating,
and on eBay, your feedback is rules your performance and success. You
might only want to list products that rarely go out of stock or have a large
quantity at the time of your posting so you limit your chances of them becoming
unavailable.
"But
how can I get my feedback high enough to sell products, and how can I sell
products, unless I get high feedback ratings first" Ah, this is one of
the great philosophical questions, such as the Chicken vs. the Egg. If
you use eBay as a marketing tool then you do not need to use eBay for high
margins and revenue, at least not as you are getting started. You want to
focus on selling more products and create a brand and following for your own
store. This is where you can get a better margin on all of the products
that you sell. If you are just getting started and are only listing a few
of your products on eBay, then start off with low prices. Very low
margins will get your items attention. The lower the price, then more
risk a customer might be willing to take by using an untested reseller.
Just make sure you offer great service and encourage (even beg) your customers
to provide feedback during this early period.
As
customers look for products on eBay, the might find a few of the products that
you list, regardless of your product placement strategy. However, every
time a customer looks at one of your item, you have the ability to reference
and bring them to your primary storefront and eCommerce site. This is how
to make eBay your place to market your store and not just a market for your
store.
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