How To Sell On eBay For Beginners (2024 Step By Step Guide)

Summary

This video serves as a comprehensive guide for beginners looking to sell on eBay. Host Sam introduces various seller types, emphasizes the importance of accurate account details for verification, and stresses the need to increase selling limits and feedback scores. He outlines steps to find a 'winning' product, considering factors like evergreen demand, repeat purchases, lightweight packaging, high profit margins, competitive advantage, and low defect rates. Sam also recommends using product research software like Tevapeak or Zeek Analytics and points viewers to his detailed guide at www.projectebay.com for further insights.

Takeaways

• 😀 Start by identifying your seller type: Importer, reseller, or dropshipper.
• 🔍 Be meticulous with your eBay account registration details to ensure they're accurate and verifiable.
• 🔒 Understand that eBay conducts a soft credit check to verify new sellers' identities.
• 📈 Prioritize increasing your feedback score to at least 50 or 100 to build trust with customers.
• 🚀 Aim to raise your selling limit to accommodate your business growth plans.
• 🔍 Find evergreen products that are not seasonal and have repeat purchase potential.
• 📦 Seek products that are lightweight, small, and have a value between $15 to $80 for optimal shipping and profit.
• 💰 Target a 50% return on investment for your products to ensure a healthy profit margin.
• 🏆 Gain a competitive edge by selling products you have expertise in to market them effectively.
• 🛡️ Choose products with a low defect rate to minimize the risk of refunds and returns.
• 🛠️ Utilize product research software like Tevapeak or Zeek Analytics to find winning products.

Q & A

What is the main focus of the video?

The main focus of the video is to provide a basic guide for beginners on how to start selling on eBay, covering important considerations and steps to take.

Who is the presenter of the video?

The presenter of the video is Sam, who shares tips and tricks to help people make money online.

What types of eBay sellers does Sam mention in the video?

Sam mentions three types of eBay sellers: those who import products from China, those who buy discounted items from charity shops or thrift stores to resell, and drop shippers who list products and have suppliers send orders directly to customers.

Why is it important to identify your seller type before starting on eBay?

Identifying your seller type is important because it affects how much you will invest into your eBay business and helps you plan your selling strategy accordingly.

What does Sam suggest regarding the details provided during the eBay sign-up process?

Sam suggests providing accurate and real personal details during the eBay sign-up process as eBay verifies these details through a soft credit check to ensure the seller is a real person.

Why is increasing your feedback score important when starting on eBay?

Increasing your feedback score is important because it is one of the first things customers see when they visit your store, and a higher score builds trust with potential buyers.

How can a new seller increase their feedback score on eBay?

A new seller can increase their feedback score by buying items, as the feedback score from buying also counts towards the seller's score.

What is an eBay selling limit and why is it important to increase it?

An eBay selling limit is a restriction on the number of items a seller can list. It is important to increase this limit to list more products and grow the business.

What are the characteristics of a 'winning product' according to Sam?

A 'winning product' is characterized by being evergreen (not seasonal), having repeat purchase value, being lightweight and small in size, having a 50% return on investment, having a competitive edge, and having a low defect rate.

What product research software does Sam recommend for eBay sellers?

Sam recommends using either Tevapeak (free for eBay sellers) or Zeek Analytics (a paid service) for product research.

What additional resources does Sam offer for those wanting to learn more about selling on eBay?

Sam offers a step-by-step guide called 'Project eBay' and a video on finding the best supply to use, both accessible through the links provided in the video description.