Why Sell on eBay?
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There is a lot of talk about home based businesses on eBay, but there is limited discussion about the integration of eBay and an existing online business. Why put efforts into eBay when your site is already providing you with an income? Is it worth building an eBay business?
For many, the answer to the above questions would be NO! There is no point in building an eBay business. But I say different. Running an eBay store AND an e commerce website is the best way to go. Read on to find out why…
eBay is One of the Most Trafficked Sites
Imagine owning a brick and mortar bookstore and making a sale to 1 out of every 5 customers that came through your door? How does that sound? Converting 20% of your sales isn’t too bad, but what if you only had 5 customers in a day? What if you could market your products to over 1,000,000 people per day? Well, 20% of 1,000,000 is 200,000 sales!! Now, that is unrealistic, but that is the why selling on eBay is a great way to develop income online. eBay is the most trafficked site on the internet. It is estimated that $14 for every $100 spent online, is spent on eBay! The potential is unlimited selling on eBay.
When Selling on eBay The Financial Risk is Limited
Another great thing about selling products on eBay is the minimal financial risk involved. If you are anything like me, then you do not have the money to open your own store. Nor can I afford for the business to fail. Could you? If you were to open a brick and mortar store, you would need to secure a store front, inventory, shelving, and customers. We already discussed how eBay attracts MILLIONS of potential customers, but it offers an inexpensive way for you learn everything you need to know to build an effective stream of income online. And I say stream here, because you by integrating an eBay business, you now have two streams of income.
Converting eBay Customers into Website Customers
Through your communication with your eBay customers, you can promote your web based business and have a chance to to covert them to repeat customers off of eBay. You have to remember, your eBay customers found you because of an auction on eBay. Who is to say they would have found you on the Internet? If you convert them to customers off of eBay you will save money on the eBay fees, but a customer is a customer right!
The eBay and Online Store Connection
As you can see, there is potential to make money on eBay, even if you have an established online business. The investment to sell on eBay is much less than selling from an actual store front. The cost to operate an eBay business compared to the potential for building new customers and sales off of eBay is heavily in favor of the later.
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4 Comments on Why Sell on eBay?
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Twitted by StayAtHomeMuma on
Tue, 28th Jul 2009 7:11 am
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Jessica Guerro on
Wed, 29th Jul 2009 8:04 pm
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make money on ebay on
Wed, 5th Aug 2009 2:31 am
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johnny on
Fri, 7th Aug 2009 4:33 am
[...] This post was Twitted by StayAtHomeMuma [...]
Ebay is definitely a great way to make money and at the same time promote your business. Traffic is built in, obviously, since its ebay, but there are a lot of other advantages as well. Great article, thank you very much.
Poorly written descriptions are another cause of failed auctions. Poor grammar and mispelled words drive people away. Your description is essentially your’ sales copy’ so it must be well written. If you need to, type your description into your word program and use the spelling and grammar check. When you have corrected the errors, just copy and paste it into your listing form. It will more than pay for the little bit of extra time you will spend. If there are a lot of errors in the listing, people will…
Hello. Thank you for this great info! Keep up the good job!
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