Continued from page 1
Next enter a "Minimum bid". This is
lowest amount you are willing to accept for
item and
amount you require to make
minimum acceptable profit. Then set
"Auction duration",
number of days that you want your auction to run. For best results, your auction should end on a Sunday.
If you don’t want to actually sell your item at
minimum bid amount, then enter a "Reserve Price". This is a price higher than
minimum bid, at which you are actually willing to sell your item. Buyers can’t see your reserve price, they only know there is a reserve on your item. Buyers don’t like reserve price auctions, so you might want to leave this entry blank.
Next, you can select many optional features for your auction, such as prime product placement, double category placement, a small picture in eBay’s Picture Gallery, and so on. But these options are costly.
Next, set checkboxes to select
types of payment you will accept; checks, money order, etc. Then enter any shipping, handling, insurance, and sales tax charges.
Next, enter your return policy. If you don’t want to have to refund money to a buyer, enter "No Returns". Then set
radio button for "I will not accept escrow." For an expensive item, you might accept an escrow. Escrow is when a third party holds
buyer’s money until he receives
item. Then, if
item is acceptable, he gives
escrow company permission to release
funds to you.
Next, unless you want to ship overseas, set
radio button for "Will ship to United States only". Then select
checkbox for
shipping payment method; "seller pays shipping", "buyer pays actual shipping cost", or "buyer pays fixed amount".
This is a lot of information to provide on a form. If you sell many similar items, you can set a checkbox for eBay to remember your preferences so that you don’t have to fill out
entire form each time.
Next, click
"Continue" button. You are then given an opportunity to review your listing and correct any errors before submitting. After reviewing your listing, click
"Submit" button. Your item will be posted for auction.
Now that your item is listed, you can login to eBay at any time and click on
"my eBay" link to get
status of your auction. If your item is sold, you will be charged $1.25 plus 2.5% of
final sale price. If
final sale price is $25.00 or less,
fee is 5.0% of
final sale price.
That’s
basics of selling on eBay. If you feel you need to pay good money for a book titled "How to Get Rich Selling Useless Trash on eBay", then meet me on eBay, in
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