It’s 2021 and a brand-new eBay promoting yr.
However a lot of 2020’s usual challenges linger on. So how do you put together your online business on eBay for the unknowns that lie forward??
Let’s break down eBay promoting into two manageable considerations:
First, we’ll speak about stock. As a result of with out stock, you’re principally out of enterprise. Second, we’ll take a look at methods to get bought objects safely to your purchaser. As a result of in the event you can’t do this, then once more, you’re principally out of enterprise.
However right here’s the excellent news: As an internet retailer, you’re all the time open on eBay! And I’m going to share with you my confirmed, actionable methods for addressing your considerations about stock and transport, so that you could relaxation assured that your online business can certainly not solely keep afloat, however thrive this yr!
Let’s discuss product sourcing in 2021.
How and the place can you discover new merchandise with which to inventory your eBay retailer’s digital cabinets?
Certain, many brick-and-mortar retailers have closed up store. That doesn’t imply you need to! Regardless of how and the place you purchase your stock, it’s all the time good to be alert for and take a look at new sources.
For instance, do you thrift? Nice! However have you ever tried retail arbitrage? That’s the place you purchase merchandise at brick-and-mortar shops, then flip it on eBay. Alternatives for retail arbitrage abound, from NWT clothes on clearance to well being and sweetness merchandise with restricted nationwide availability to marked-down seasonal décor and a gazillion different prospects.
In the event you already do retail arbitrage on your eBay promoting, have you ever tried on-line arbitrage?
That’s the place you discover merchandise on eBay and/or different ecommerce websites which you can purchase at a low sufficient worth to let you mark it up and resell it on eBay for a revenue. My video Rating Sizzling Promoting eBay Stock has some tremendous concepts for you on this space.
Two eBay sourcing pro ideas:
Search for eBay listings with misspelled model names.
Type search outcomes by “Ending Soonest” and search for undervalued objects, particularly in public sale listings.
Keep in mind: Multi-quantity/multi-variation listings solely need to be created as soon as to run for months as GTC (Good ‘Til Cancelled), they usually’ll transfer up in search outcomes with each merchandise bought from that itemizing. It’s a lot much less labor intensive than itemizing one-off objects, which (clearly) finish every time the merchandise sells.
So take into account complementing your one-of-a-kind stock with a commodity product — or two!
Now let’s take into account transport. You in all probability have a favourite provider, or at the very least one that you just use greater than others.
That’s nice, however do control what the opposite carriers supply. Along with their discounted USPS charges, eBay has partnered up with UPS and FedEx. It pays to match costs to make sure you’re making good decisions about how one can ship your bought objects!
Nonetheless you’re transport, make sure you’ve a backup supplier.
eBay Labels is fairly dependable, however ought to it go down or get glitchy, you’d finest be ready to show to an alternate supply for producing your transport labels and packing slips.
In the event you’re transport globally, chances are you’ll wish to begin utilizing eBay’s (GSP) and (eISD) solely. These transport providers supply particular protections for sellers. Moreover, eISD is cheaper than USPS First Class Worldwide.
One factor is for certain: 2021 is fraught with uncertainty.
Prepare now, in order that when the curve balls come your manner, you’re able to knock ‘ em out of the park!