If you have read any of my recent articles you know that I have been on an eBay kick lately trying to see if I can make some BIG money selling items online.
In my journey to become successful in making money online and now trying to learn how to do so on eBay I have noticed a bit of a common patterns between most of the successful sellers on eBay and I wanted to share it with you.
I determine a seller to be successful on eBay by how much feedbacks they have received in the last 30 days. If you have 5 buyers giving you feedback then you probably aren’t making much money unless you are selling large items like cars.
I think the money is with items that sell anywhere from $5 to $30. Of course I could be wrong but from what I have found with some sellers selling items in the $9 to $15 mark is that some of these sellers have over 4000 feedbacks in the last 30 days. That is a huge number.
If you are not familiar with eBay or maybe are but don’t know what feedback is.
Feedback is when someone purchases an item and then is able to go online on eBay and leave some positive neutral or even negative feedback for the seller they just bought from. So if someone has over 4000 feedbacks then that means they probably sold over 4000 items in just 30 days.
That is a huge number and 4000 isn’t the largest one I found. If you sold 4000 items in one month then on average you would have sold 133 items per day. Wow! That is impressive and congratulations to everyone who has a successful business like that on eBay.
I have a suspicion though that if you are reading this you do not make that many sales per month and you want to me to tell you what I common thing I noticed between sellers on eBay.
Here it is. I found that with most sellers I looked at they all had well over 1000 listings posted and all of the listings were buy now only so not an auction style.
It appears the listings were set for a 30 day or post until they cancel them time frame. On all of the listings I looked at there were more than 10 of that item available.
So obviously if you want to make thousands of sales in a month you need to have literally thousands of listings with multiples of each item available to sell. You have probably heard the saying that you have to spend money to make money. I think the saying rings true when it comes to making money on eBay.
Of course you can make money selling a smaller amount of products. I do it every week now. I do notice though that once I have less than 50 listings my sales drop right off.
Things really pick up when you have around 100 or more all in the same or similar categories.
That’s my eBay ramble for today, I hope I was able to help you out.
If you want to make money on eBay do what the successful sellers are doing there.
Another easy way to make Money on Ebay
A great way to make some easy money on Ebay is to take advantage of Ebay's free listing days. If you are not a store on Ebay you will have more chances to benefit from this situation.
Ebay quite often (as much as once a month) offers sellers opportunities to list as many items as they want and as they can get listed within a certain time frame. Ebay might offer a one day list for free or a 3 day list for free.
It doesn't cost you anything but your time and is a great way to get your feet wet in the world of Ebay.