eBay International for More Sales
Use eBay International to Expand Sales Opportunities
One of the benefits of eBay is the ability to sell your products internationally, even as a small seller. When selling internationally, there are a few important points to bear in mind for best results. If you’re selling to an international buyer, try to insist on them using a credit card or paying by international money order. When opting to sell to international customers, you may also need to do some customer service in a different language or with someone who has difficulty using English as a communication medium. You might try using translation software to make communication with these customers easier.
The cost to ship products internationally is usually higher. The actual price depends on a number of factors, such as weight and size, method of shipment, location you’re mailing from and the location it’s being mailed to. Flat rate shipping isn’t always ideal for selling internationally unless you specify different postal rates for different customers. Whatever you decide to do about shipping costs, make sure you mention this clearly in your listing.
Another thing that needs to be considered if you’re selling internationally is customs regulations. Become familiar with the laws regulating international shipping and what’s expected of you if shipping to foreign countries.
While the work is more tedious to ship internationally, it’s also a chance to net higher profits. Many of the items you can sell may not be available anywhere in another country, so the bidding wars rise to greater levels and you reap the financial rewards of the supply and demand factor – which is in your favor.
eBay Means Big Business
If you’re going to become a serious eBay seller – selling merchandise on eBay for a living – then there are a number of other things that you need to do. The first thing you should start with is setting up a simple home office. Your home office doesn’t have to be elaborate. It can simply be a room in your home with your computer, some office supplies and possibly a stock of the items that you’re going to be selling on eBay. If there isn’t enough room to store these comfortably in your home office, then you may need to find another storage area for them. It is best to store you products in a room where you don’t allow smoking or pets. Don’t forget about packing and shipping supplies if you’re not using drop-shipping.
You’re also going to need to look into the subject of tax. Tax laws differ from state to state but if you’re making a living off of eBay, then you need to pay taxes on this income. In order to learn more about what is expected of you in this area in your state, you can visit websites such as www.sba.gov, www.irs.gov and www.entrepreneur.com.
If you’re dealing with wholesalers, they may require you to give them a sales tax ID number in order to buy in bulk. Buying in bulk and storing items yourself requires you to have a good inventory system. When your eBay auctions take off, you’ll need to constantly be aware of how many items you have in stock so that you can replenish your supply when it starts running low. You’ll want to use a tool on eBay that gives you sales reports, like Selling Manager Pro. This helps you keep tabs on your profit line, including what items are selling well and which aren’t moving from the shelves.
Taking your eBay Business to the Next Level
In order to really make money from eBay, you’re going to need to go beyond simply making one sale. As you move your eBay business to the next level, you’ll probably want to look at having an eBay store.
There are a number of different options for your eBay store – basic, premium and anchor. If you’re new to selling on eBay, then the basic option will probably be sufficient. eBay recently announced effective March 30, 2010 they will be lowering prices for having your own store on eBay. This gives you your own store home page and unlimited product pages, 5 custom pages, your own customized web address, promotion boxes, 300 store categories, custom store header and much more.
The price for a basic store is $15.95/month. If you do decide to go for one of the other options, the premium option is $49.95/month and the anchor option is $299.95/month, down from $499.95. You can customize your storefront to set it apart from other stores and help brand your business on the ‘net.
Apart from getting your own eBay store, there are a number of other ways that you can also take your eBay business to the next level. When you first start selling, you may sell a large range of items as you try to get used to what people want to buy and what sells well. When you start to expand your eBay business, you should very seriously consider specializing in a particular type of product. By specializing in a particular type of product, you’re able to become an expert in that product and really position yourself as the go-to person for that niche.
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Comments
3 Comments on eBay International for More Sales
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Allan from Drop Shipping for Dummies on
Mon, 22nd Feb 2010 12:20 am
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Excel Help on
Fri, 23rd Apr 2010 5:15 am
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hen do on
Fri, 16th Jul 2010 7:14 am
Aren’t the shipping costs pretty high?
Allan@Drop Shipping for Dummies´s last blog ..Sporting Goods Dropshippers ![]()
I think you should check with the postal service you’re going to use. They all have different rates – depending whether you use USPS or Fedex or UPS or whatever.
Once the new version is installed, you should see the option to add International Insurance on the “International” tab.
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