It’s important to find the right platform for your business, based on your needs and the market you want to enter.
For people starting a resale business to sell collectible, luxury, thrift, or pre-owned items, eBay is one of the top marketplaces.
Here is a step-by-step guide to set up your eBay store and craft listings that will sell.
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The 25-year-old company eBay was one of the first ecommerce platforms to make resale accessible to anyone who wanted to sell their collectibles or old furniture. Today, it’s a popular marketplace where more than 180 million buyers search for bargains.
According to eBay’s website, a pair of shoes sells every two seconds and a cell phone sells every four seconds.
If you want to start a resale business to sell collectible, luxury, thrift, or pre-owned items, eBay could be the right platform for you. Chris Holbrook is the top sneaker seller on the platform and previously told Business Insider’s Shoshy Ciment that eBay will always be his go-to marketplace for running his business.
Here is a step-by-step guide to set up your eBay store and get selling.
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Step 1: Understand the costs of selling through eBay
Before you get started, it’s important to know what it will cost to sell on eBay. The platform does not have a monthly rate or tiered plans to use its basic services. Instead, it charges fees based on the items you sell.
Each month, your first 50 listings on eBay are free. If you want to list more than 50 items in a month period, you’ll pay 35 cents per listing. Once you sell an item, eBay charges a 10% transaction fee on all categories, with a few exceptions listed here.
If you plan on listing a lot of products and want more tools to manage your business, you can open an eBay Store for a monthly subscription cost starting at $7.95. Higher tiers provide more discounts and lower fees for high-volume sellers.
Step 2: Determine what to sell
You may already have your product in mind, but it’s worth digging deeper to understand eBay’s customer base and how it can differ from other platforms. There’s a page that will tell you what products are in demand and selling above retail price.
Step 3: Determine when to sell
Some products may sell better at different times of the year or around certain holidays. The explore page will show you what items are trending based on buyer searches for the last month.
Step 4: Determine how to price your items
You can also look up average prices for similar …read more
Source:: Business Insider