Alright, before you can get access to your account, buy or sell items , first of all you have to register with eBay. There’s no fee to do it, although eBay does charge the seller a small listing fee to list an item for sale, and another small transaction fee when the item is sold. If you just want to buy items from auction you don’t need to pay fee.
In order to better understand and learn quickly this step how to open eBay account, complete process you will find in “Week II-How to open eBay account”.
Let’s go ahead and complete Week I – Basics.
Once you decided what you want to sell, you need create an “killer advertisement” for your auction. Item listing, simple consists of a(hook) headline, best possible description about your item, one or more pictures (if you want to sell your item you will need to make good images), payment and shipping information, and last but not least starting bid price.
You’ll find a variety of options and you’ll need to go through all of them to list items. This step is very important and it take you some time to finish, so make sure that you do right. Way how you list item will directly affect your profit. However you do it eBay will charge you anywhere from $0.30 to $3.30 to list your item.
In order to walk you through this week faster and easier, complete process of this step you will find in “Week III-List your items”
Don’t freak out when Bids Come In
When the auction starts, just relax you done everything you could. There is no reason to bite you nails and pull hair out, let’s say you done your best just wait and see what’s going to happen. Hopefully, is that a potential buyer searching for a particular type of item (or just browsing through all the merchandise listed in a specific category) reads your item listing and decides to make a bid.
Here is two type of people: bidder and people who search.
Most of the time you will see to people just browse. The bidder specifies the maximum amount he or she will pay; this amount has to be above the minimum bid you previously set.
Bidding eBay’s built-in software automatically places a bid for the bidder that bests the current bid by a specified amount but doesn’t reveal the bidder’s maximum bid.
For example, the current bid on an item might be $14. A bidder is willing to pay up to $50 for the item, and enters a maximum bid of $50. eBay’s “proxy” software places a bid for the new bidder in the amount of $33 higher than the current bid, but less than the specified maximum bid. If there are no other bids, this bidder will win the auction with a $33 bid. Other potential buyers, however, can place additional bids; unless their maximum bids are more than the current bidder’s $33 maximum, they are informed (via email) that they have been outbid and the first bidder’s current bid is automatically raised to match the new bids (up to the specified maximum bid price).
At the end of the auction, eBay informs the highest bidder of his or her winning bid
As the seller you also receive an email informing you of the auction results. You’re responsible for contacting the high bidder and requesting payment, although buyers also have the option (at your request) of using eBay’s online checkout to provide shipping information and, if offered, to use the PayPal service to pay via credit card.
Complete process of this step you will find in“Day to Day Business (Week III)”
When you receive the buyer’s payment, you then ship the merchandise directly to the buyer. In most cases the buyer pays all shipping and handling costs.
This step I will break down in “Week III-How to deal with Packing and Shipping”
At the same time once the auction is closed, you will receive eBay bill a small percentage (starting at 5.25%) of the final bid price. This selling fee is directly linked to your credit card or automatically debited from your checking account depend how did you set it up.
Now magic begins, after you exchanged item and money last step is to exchanged feedback. Now is time to leave feedback about the buyer. If it was a smooth transaction, you leave positive feedback. If the buyer stiffed you, you leave negative feedback. When he or she receives the item, the buyer should also leave feedback about you. Learn more about feedback in Week I, “Everything you have to know about feedback”