You can save money on EBay by learning how to sell on EBay correctly. There will always be mistakes that you will make as a beginner. This is why it’s important for you to do your research before you sell on EBay so you can avoid scam, lost and spending more money than you need to. If you are not sure then you might lose money on EBay. It’s important to not lose money on EBay and make profits rather than losses. There are always those common mistakes that you should know about. When you learn them, you will save money and headaches.
It’s important to do your research so you will know what to do. If you look around, you will learn why certain vendors sell a certain items at a certain price. You will learn why they offer a fix price or an auction. You will need to learn which the best way to set your price is. From my personal experience, setting things at an auction will sell more because people like to bid at the last minute and they think that they will save more money that way so people are not looking for a fix price unless they’re in a hurry. I found that when it set it to auction, people buy so much more. You would need to know that people only buy near the end of the month because that’s when the auction is over and that’s when they can buy with no competition. They can literally get an item for a $2 because no one bid on it. This is the beauty of EBay. You will need to learn the trend and see what works for you.
Only sell sellable items
If you have a hot item, you might make money but if you’re selling your old batman T-shirt, it might not work. You have to sell things that people want. If you sell an old Channel bag that is still in good condition, it might sell but if you sell an old bag from Target, people might not buy it. You will have to keep on prelisting or give up which is a waste of time and money. If you don’t have hot items, you should try Craig list where it’s free to sell.
EBay scam from customers or sellers can cost you a lot of money. I’ve lost about two grand on there so it can happen to you. I was waiting for my customers to send me an alternative payment but they never did. You can lose your money if people send you bad checks. You will need to cash all of your money before you ship them anything. I’ve been cheated by customers on there and I know that it can happen to anyone. If you don’t want to lose money, you will have to avoid scam.