8 Things You Should Avoid Doing On Ebay

Reserve auctions: there are times to use reserve auctions but when you are just
starting out and you want to experience what it feels like to sell something and
get some confidence its better to start your items at a low price with no reserve.
Most buyers hate reserve auctions! You will get a lot less interest from potential
buyers if you have a reserve. Buyers don’t want to spend 7 days bidding on
something and have it not sell. Besides no-reserve auctions usually get more bids
and a higher closing price. More on reserve auctions later.
Buying too much of one product: when you are first starting out you usually
want everything to happen as fast as it possibly can. A lot of people make the
mistake of buying the first lot of products they see from the first supplier they go
to.
Many powerseller will tell you just like they told me, the worst thing that can
happen to you is buying a ton of products only to find out the products don’t sell
well and are twice as cheap from a different supplier.
Basing your plans on guesswork: if you are like most people, your plans are
probably based on guesswork. You have probably heard the saying “what you
don’t know can’t hurt you” well in business planning what you don’t know WILL
hurt you. I have heard many people say things like “I can get a great deal on these
designer sunglasses, they will sell so good!”
What these people often find out is that the sunglasses sell on eBay for less than
what they got them for or their not authentic (fake). So please don’t simply
assume that the product will sell for an X amount of dollars or that you are
getting a good deal. It is very important that you base everything on actual facts
and research and not simply what you think.
Not treating your business seriously: most powersellers I talked to are fulltime
eBay sellers, working anywhere from 1-14 hours a day. What? You don’t
want to work 14 hours a day!? Don’t worry this book teaches you how to save a
ton of time.
The powersellers that work over 8 hours a day are usually the ones that aren’t
treating their business like a business, you will learn all about this later. The
important is that you start treating your business like a business right from the
start, even when you are putting your first item up for auction.
Getting discouraged when your first auction doesn’t get any bids: this
is a big one, because this is when most people quit. Until you experience a sale
you will have doubts in your mind about your ability to make money on eBay.
When the first item you put up for auction doesn’t sell, the doubts in your mind
can get stronger and you can get discouraged. If your first auction doesn’t get any
bids on it remember it’s not the end of the world. What you should know
before listing an item up for sale is, it isn’t guaranteed to sell. Not everything on
eBay gets bided on, the truth is if you can get %25-50 of your auctions to sell,
that’s great!!
Selling fake or counter fit products: if you are thinking about selling
designer clothing, shoes or accessories this is something you should NEVER do
unless you want to be banned from eBay. EBay is littered with fake designer
clothing, the people that sell this crap usually have a very short eBay career.
Because eBay has a program called VeRO (Verified Rights Owner). This program
is basically representatives of the brand name companies (Nike, polo, Swiss army
etc.) searching through eBay and reporting anything that looks even remotely
suspicious. So do NOT list fake products on eBay! It will be the end of eBay for
you.
Estimating how much shipping will cost: when you list your first items up
for auction don’t just put up a shipping price that you think will cover the
shipping cost of your item. If your shipping price is too high no one will be
interested in your auctions. If your shipping price turns out to be less than what
the post office charges you will have to pay the balance. There are many ways to
lose money on eBay, shipping is a big one.
Talking instead of doing: instead of telling everyone how much money you
are going to make, why don’t you show them by making it. I know it is very
tempting to tell everyone about the exciting new way of making money you have
discovered. But doing this is very counter productive and is just an excuse to put
off actually getting to work for another day. Remember, do first talk last.
Those are the main things you should avoid when starting out on eBay, you
should obviously avoid posting naked pictures of your self when listing
auctions….that is common scents. Now that you know what not to do keep
reading and I will tell you all the things you should do.
If you want to make a living selling on eBay you must treat it like a real business.
There is a ton of powersellers out there who treat selling on eBay like a job not a
business (more on that later), these are usually the same people that work 14
hour days.