Make Money From Ebay
by admin on Wednesday, October 27th, 2010 | No Comments
Make Money From Ebay
“Would you like some fries with that?”
In order to make money from ebay we have to take lessons from other successful businesses. Our businesses being small or large, the methods of closing a sale or increasing the amount of traffic through our product funnels stays the same. A small percentage of Mcdonald’s customers who might not have intended to get a combo sized order tend to do so if it is suggested to them during the transaction. Because of one calibrated suggestion, the store’s bottom line is increased.
I was thinking about this concept when the following idea came to me:
Where are the places to super-size our customers in our Ebay stores? Where do we insert suggestions to inspire them to buy more from us either during the present transaction or future visits?
Two quick instances come to mind. The first Ebay has already built into place. The second is ALSO engineered or executed through Ebay’s website, but we have to some how “suggest” it to our customers for it to be used by a higher percentage of them.
The first very obvious and simple tool that is used by all of our customers without any help from us is the quantity button. Don’t laugh. I’m not saying that is my Ebay tip for the day, but it is the first place where the customer decides for themselves, “Hey, this site just sold me a great item at a good price. One is good, but maybe I’ll change the quantity to two so I can give the second one as a gift.” As you can see, always try to have more than one available when you set up an auction, because both getting the buyers visit and closing the sale are the hard parts. Once they have their card out, in that instant if your site has four items available instead of one, your profit could go up by 400%. As internet marketers we may all know that, but a lot of people on Ebay miss this, because they use the site for mini garage sales and always sell things one at a time. Big mistake.
The second concept that came to my mind was, the “Save this seller to favorites” feature on Ebay. As a card carrying member of the blogging community and the youtube.com community, I know that we always suggest to our visitors to “Please subscribe.” With blogs the RSS Feed tools aid in making that happen because it is very important. Making it easy for visitors to return to your site again and again will help you convert more traffic. To be proactive, Ebay store owners may even consider enclosing a small note when shipping to their buyers. The note can be a reminder to the buyer to save you to their favorite seller list when they are leaving feedback online about your transaction. They all log in and leave feedback for us, but unless we ask them to consider adding us to their favorite sell er list, it may rarely happen. The next time they need that item they will just start a new search and forget about how well you took care of them the last time.
I hope you found this post useful and if so leave a comment saying so, or give us another Ebay tip today. Thanks!
