All Articles Tagged "virtual business"
Last year after her first baby was born, Asharah Damore was looking for something to keep her creative juices flowing as well as make a little money while she stayed home with her newborn son. “Although this was a tremendous blessing I felt like I was losing my identity after about the six-month mark. I knew I didn’t want to go back to work but I wanted to make money doing something I enjoyed,” Damore explains to us.
So she turned to eBay. “I frequent the thrift stores and I would always see brand new or next to new items not in my size which I would pass [on] buying because I had no one to buy them for,” she says. “So I decided to start buying a few of those items too see if I could re-sell them on eBay.”
Damore found nearly immediate success, but the eBay format took time to master. “The first month was great and but it was hard to keep the momentum because on eBay keywords are very important and depending on how you list your items someone searching for what you have may or may not be able to find it,” Damore points out. “So you have to be creative on how title you listings.”
It’s not hard, however, to get started. First, you need to set up an account by registering on the website. “There’s no fee for listing items so long as you do not exceed 50 items per month; after that, the fee is nominal. In addition, once your item sells, you must pay eBay nine percent of the sale price, with a maximum fee of $250,” reports Forbes.
Ebay gives users two options on how to sell their products. The most common is the auction method. A seller establishes a baseline price (reserve), the length of auction and can even strike a deal, called “Buy it Now.” You can also lists items for sale at a set price with no bidding.
Now, you have opened a virtual business. Treat it as such and be professional in your approach, online language and dealings with customers. Forbes suggests picture your eBay business as a virtual storefront. “There are also websites, such as auctiva and The Seller Sourcebook, that provide thousands of templates based on a variety of categories. Pick one that works for you. Then be sure to categorize each item correctly so it can be easily found,” reports Forbes.