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Selling on eBay! The Basics PLEASE REMEMBER ANY OF THE ...

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<str<strong>on</strong>g>Selling</str<strong>on</strong>g> <strong>on</strong> <strong>eBay</strong>! <strong>The</strong> <strong>Basics</strong><br />

<strong>PLEASE</strong> <strong>REMEMBER</strong> <strong>ANY</strong> <strong>OF</strong> <strong>THE</strong> INFORMATION MENTIONED HERE MAY BE CHANGED<br />

BY EBAY. EBAY CAN UPDATE ITS RULES AND PROCEDURES AT <strong>ANY</strong>TIME. <strong>PLEASE</strong><br />

CHECK <strong>THE</strong> LATEST UPDATES ON <strong>THE</strong> EBAY WEBSITE AT www.ebay.com.<br />

_______________________________________________________________________________<br />

Step 1: What to sell and how to find hot items <strong>on</strong> <strong>eBay</strong><br />

Most <strong>eBay</strong> sellers began their fundamental steps <strong>on</strong> <strong>eBay</strong> by selling what’s in their<br />

possessi<strong>on</strong>s already. Basically, they began their <strong>eBay</strong> career by getting rid of a few items that they<br />

absolutely do not want, getting started <strong>on</strong> <strong>eBay</strong> as a hobby before it becomes their business. Many<br />

people find most comm<strong>on</strong> sources for collectibles and used merchandise in flea markets, yard<br />

sales, rummage sales, thrift stores, and aucti<strong>on</strong>s.<br />

Point to Sell <strong>on</strong> <strong>eBay</strong>’s Home page; click <strong>on</strong> Seller Informati<strong>on</strong> Center. Go through stepby-step<br />

explanati<strong>on</strong>s <strong>on</strong> how to sell, how to accept payment, and how to ship your items <strong>on</strong> next<br />

screen. See screen shots below.<br />

As <strong>eBay</strong> cites <strong>on</strong> their page”<str<strong>on</strong>g>Selling</str<strong>on</strong>g> success often translates into being at the right place, at<br />

the right time, with the right product.”You can also find out <strong>on</strong> <strong>eBay</strong> website what products are in<br />

demand under <strong>eBay</strong> Buy page. Go to Buy Hub page at the bottom of the <strong>eBay</strong>’s Home page at<br />

http://hub.shop.ebay.com/. Scroll to the bottom of the page where you will see the Other Ways to<br />

Browse box.<br />

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<strong>eBay</strong> Keywords is a list of highly popular terms that people search for <strong>on</strong> <strong>eBay</strong>.<br />

Popular Searches takes you to the page where it shows a weekly look at the most active keywords<br />

<strong>on</strong> <strong>eBay</strong>.<br />

<strong>eBay</strong> Deal Finder <strong>eBay</strong> compares the current selling price of an item <strong>on</strong> <strong>eBay</strong> to the lowest price<br />

they could find <strong>on</strong> other <strong>on</strong>line retailers such as Amaz<strong>on</strong>, Target, Wal-Mart, etc. (excluding shipping<br />

and handling fees.)<br />

<strong>eBay</strong> Pulse shows a daily snapshot of current trends, hot picks, and cool stuff <strong>on</strong> <strong>eBay</strong>; basically it<br />

shows the most watched listings of <strong>eBay</strong> <strong>on</strong> a particular day.<br />

Popular Products is a “bestseller list” of the most popular products arranged in categories.<br />

Clicking any product name in the Popular Products list initiates a search for that product. If you<br />

click <strong>on</strong> Listing tab, the result page shows how many listings of that product are there <strong>on</strong> <strong>eBay</strong> at<br />

that moment. With this tool, you can identify the items that are in short supply or in great demand,<br />

and collect valuable price informati<strong>on</strong>. Also if you click <strong>on</strong> Sell <strong>on</strong>e near the Product Descripti<strong>on</strong> to<br />

the item title, related sale informati<strong>on</strong> of the product will be filled in your selling form automatically.<br />

You can still made changes <strong>on</strong> your form to customize your listing.<br />

Step 2: Creating a Seller Account<br />

You must be a registered user to sell your item <strong>on</strong> <strong>eBay</strong>. To create a Seller Account, click<br />

the Sell tab at the top of <strong>eBay</strong> page. You will see the <strong>eBay</strong> Sell page as follows:<br />

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Note: <strong>The</strong> following screen shots will be different since this account was created.<br />

Click <strong>on</strong> “Create Seller’s Account” butt<strong>on</strong> <strong>on</strong> next page.<br />

Fill in your Credit or Debit card informati<strong>on</strong>. Your seller fees will be charged by <strong>eBay</strong> <strong>on</strong> a m<strong>on</strong>thly<br />

basis using the method you selected when you set up your account. However, you can always<br />

change how you pay your selling fees later in your My <strong>eBay</strong> page.<br />

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<strong>eBay</strong> makes revenue by charging sellers at least two fees:<br />

1. Initial Listing Fee (Inserti<strong>on</strong> Fee): An Inserti<strong>on</strong> Fee is a listing fees that <strong>eBay</strong> charges for<br />

listing your item for sale. It is charged to your seller’s account at the time of listing and it’s<br />

not refundable.<br />

2. Final Value Fee: If your item is sold, ends with the winning bid or is purchased, a Final Value<br />

Fee is charged to your seller's account. <strong>The</strong> amount of fee is based <strong>on</strong> the total amount of<br />

the sale, including the cost of the item, shipping, and any other fees a seller may charge,<br />

excluding any sales tax.<br />

Remember to check <strong>on</strong> the most recent fees table <strong>on</strong> <strong>eBay</strong> site. Most recent fees table can<br />

be found at http://pages.ebay.com/help/sell/fees.html.<br />

As of September 2011, inserti<strong>on</strong> fees are free for 50 aucti<strong>on</strong>-style listings per m<strong>on</strong>th if there is no<br />

reserve price. See new fees table <strong>on</strong> next page. Note: <strong>eBay</strong> can change their pricing periodically.<br />

.<br />

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For Final value fees for fixed-priced items, see at this link:<br />

http://pages.ebay.com/help/sell/fees.html.<br />

<strong>eBay</strong> calculates the fees automatically for you when you place the listing and charges you<br />

via credit card or debit your bank account <strong>on</strong> a m<strong>on</strong>thly basis for the previous m<strong>on</strong>th’s fees. <strong>eBay</strong><br />

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allows choices of payment for the seller fees in more than <strong>on</strong>e method. Even after you select <strong>on</strong>e<br />

method at the time of your seller account setup, you can always go back and select a different<br />

method later <strong>on</strong>. On My <strong>eBay</strong> page, click <strong>on</strong> Seller Account under My account secti<strong>on</strong> as follows.<br />

1. PayPal: PayPal automatically pays your <strong>eBay</strong> fees. You can let PayPal to pay your seller<br />

fees automatically OR sign up to make <strong>on</strong>e-time payment with PayPal OR by using two<br />

other payment methods as shown below.<br />

2. Credit Card <strong>on</strong> file: Each m<strong>on</strong>th, <strong>eBay</strong> will automatically charge your invoice amount directly<br />

to your credit card (Visa, MasterCard, American Express, Discover Card or a Bank card).<br />

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3. Direct Pay: With Direct Pay, <strong>eBay</strong> will automatically deduct your invoice amount from your<br />

checking account each m<strong>on</strong>th. This opti<strong>on</strong> is available to sellers billed in U.S. dollars with<br />

U.S. bank accounts.<br />

4. M<strong>on</strong>ey Order or Coup<strong>on</strong>: You will be able to get to this opti<strong>on</strong> if you choose to make a <strong>on</strong>etime-payment<br />

method in your account.<br />

As a seller, if you use PayPal service, you pay fees. <strong>The</strong> following chart shows the fees for<br />

using PayPal as of September 2011. It does not cost a buyer to pay by using PayPal <strong>on</strong> <strong>eBay</strong>.<br />

Read more informati<strong>on</strong> at this link: https://www.paypal.com/us/cgi-bin/?&cmd=_display-feesoutside.<br />

Read PayPal’s protecti<strong>on</strong> for seller <strong>on</strong> Protecti<strong>on</strong> for Sellers page and protecti<strong>on</strong> for buyers <strong>on</strong><br />

Protecti<strong>on</strong> for Buyers page. Note: <strong>The</strong>se terms can be changed by PayPal without any notice.<br />

Always check the latest informati<strong>on</strong> <strong>on</strong> their website.<br />

<strong>eBay</strong> also provides additi<strong>on</strong>al upgrade selling features for extra fees. A few examples include:<br />

• Seller pays additi<strong>on</strong>al fees for setting a ‘Reserve Price’ and ‘Buy it Now Price’. Since<br />

<strong>eBay</strong> fees changed <strong>on</strong> Feb 20, 2008, reserve fees are no l<strong>on</strong>ger refundable even<br />

item sells.<br />

• <strong>eBay</strong> Picture Hosting Fees.<br />

• Seller pays to insert the item in bold types or a scheduled listing.<br />

For complete and updated fees <strong>on</strong> <strong>eBay</strong> basic and opti<strong>on</strong>al features, check out the <strong>eBay</strong><br />

fees page at http://pages.ebay.com/help/sell/fees.html. Make sure to check <strong>on</strong> Opti<strong>on</strong>al Feature<br />

Fees <strong>on</strong> <strong>eBay</strong> page.<br />

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After you have successfully filled in your credit/debit card informati<strong>on</strong>, a c<strong>on</strong>firmati<strong>on</strong> page<br />

shows that you have your seller account set up. See below.<br />

On the home page, go this route: Sell>Seller Informati<strong>on</strong> Center and go to the “<str<strong>on</strong>g>Selling</str<strong>on</strong>g> <strong>Basics</strong>”<br />

under the Welcome tab. <strong>The</strong>n click <strong>on</strong> “Quick Start Guide” <strong>on</strong> that page. You will be at the <str<strong>on</strong>g>Selling</str<strong>on</strong>g><br />

<strong>Basics</strong> page where you can see the link for selecting a selling format for your item. Or you can click<br />

<strong>on</strong> this link: Selecting a <str<strong>on</strong>g>Selling</str<strong>on</strong>g> Format. It takes you to the page where it explains details <strong>on</strong> each<br />

selling format. You should also check <strong>on</strong> the page where <strong>eBay</strong> specifies prohibited items at this<br />

link: http://pages.ebay.com/help/sell/policies.html#prohibited . <strong>The</strong> page defines where <strong>eBay</strong><br />

clearly the list of Prohibited, Questi<strong>on</strong>able, and Infringing items. Classified Ad does not enable<br />

buyers and sellers to transact <strong>on</strong>line (no bidding takes place <strong>on</strong>line) through <strong>eBay</strong> nor is <strong>eBay</strong><br />

Feedback available. Items that are listed in this format show with the “Classified Ads” appeared<br />

under Bids column. Interested buyers fill out a c<strong>on</strong>tact form, and their informati<strong>on</strong> is sent to the<br />

seller. Remember Classified Ad is different from <strong>eBay</strong> Classifieds (which is similar to Craigslist –<br />

Local and Free). Clearly, you are reaching a nati<strong>on</strong>al crowd <strong>on</strong> listing <strong>on</strong> <strong>eBay</strong> by using any<br />

method <strong>on</strong> <strong>eBay</strong>.com by paying fees as opposed <strong>on</strong> <strong>eBay</strong> Classifieds free.<br />

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See some examples <strong>on</strong> Classified Ad below.<br />

If you prefer using a Fixed Price selling format, you must meet some requirements. Read<br />

details here at <str<strong>on</strong>g>Selling</str<strong>on</strong>g> Using a Fixed Price at http://pages.ebay.com/help/sell/fixedprice.html#requirements.<br />

Step 3: List Your Item<br />

On the selling form, start typing a few words to select a category of your listing item and click<br />

“Search” butt<strong>on</strong> to see suggested categories for your item <strong>on</strong> next page. Or you may select<br />

your own category by clicking <strong>on</strong> “Browse categories” as shown below.<br />

See example below after inserting a few key words to decide a category.<br />

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You can check a<br />

category – see<br />

sample listings<br />

to decide whether<br />

your selecti<strong>on</strong><br />

makes sense or<br />

not. If not, click<br />

<strong>on</strong> Remove<br />

butt<strong>on</strong>.<br />

Remember, it<br />

costs you double<br />

the inserti<strong>on</strong> fees<br />

to place in more<br />

than <strong>on</strong>e<br />

category.<br />

If you click <strong>on</strong> “Browse categories” tab, you will be selecting a major category then subcategories<br />

for your listing until no more boxes show up <strong>on</strong> the right but the text “You’ve selected<br />

a category. Click C<strong>on</strong>tinue.” Once you see that text, the main category and all subsequent<br />

categories you selected for your item will be displayed at the bottom of the screen. See<br />

example below.<br />

Click <strong>on</strong> “See sample listings”. If you cannot visualize your item am<strong>on</strong>g those “completed<br />

listings”, then you selected the wr<strong>on</strong>g category. You can make a change by clicking <strong>on</strong> a<br />

different category or you can click <strong>on</strong> Remove and select your category from the beginning.<br />

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Once you complete with your selecti<strong>on</strong>, click <strong>on</strong> C<strong>on</strong>tinue butt<strong>on</strong>. A new window will pop-up for<br />

you to select a listing form between a simple form vs. a form with more choices.<br />

Create Your Listing<br />

In the next window, <strong>eBay</strong> provides you with the Sell: Create Your Listing Form to complete<br />

your listing(s). If you cannot finish at <strong>on</strong>e sitting, you can save for later. If you start a new<br />

listing, it will delete your draft that you saved the last time.<br />

Let’s go over the Do’s and D<strong>on</strong>’ts of completing the form.<br />

Title - Do’s:<br />

• Your title should grab attenti<strong>on</strong> and be informative in a limited space available (80<br />

characters as of Sept/2011). Survey other titles of a similar item (especially the <strong>on</strong>e that<br />

had successful transacti<strong>on</strong>s from ‘completed listings’) <strong>on</strong> <strong>eBay</strong>. Look at magazine ads,<br />

brochures, and local ads. Think as a buyer and see what would be the descriptive<br />

keywords that you would type in to search for the item that you are listing. More than<br />

85% of <strong>eBay</strong> searches are title-<strong>on</strong>ly searches even though it’s less effective.<br />

• Be creative. Bottom line is you want your title to make people pause and look. For a<br />

comm<strong>on</strong> item, you may not have much of an opportunity to be creative in your title. If<br />

you know your item is unusual, rather than using the word ‘rare’ which should truly be<br />

reserved for strictly rare items, use the word ‘unusual’ and grab the viewer’s attenti<strong>on</strong>. If<br />

you use Microsoft Word, use its build-in thesaurus feature to find attenti<strong>on</strong>-grabbing<br />

words.<br />

• Use numerals rather than spelling out numbers to save space. Also, the eye tends to<br />

slow down when it sees numerals in text.<br />

• Take a pers<strong>on</strong>al approach with a title addressing the buyer directly, such as: Here’s<br />

Your Next Digital Camera: S<strong>on</strong>y DSC-T9 6MPXL.<br />

• If your item has a brand name, artist or designer, make sure you put in your title,<br />

because the familiar attracts attenti<strong>on</strong>.<br />

• Make negative features of your item appealing with facts, i.e. be h<strong>on</strong>est about the flaws.<br />

• When you’re finished Spell-Check your title.<br />

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Title - D<strong>on</strong>’ts:<br />

• Make sure you do not use any terms, language, words that are banned by <strong>eBay</strong> in your<br />

title. Examples include profane or obscene language, website URL addresses, email<br />

addresses, and ph<strong>on</strong>e numbers, words such as banned, illegal, prohibited, or similar<br />

terms. For a complete explanati<strong>on</strong>, check <strong>on</strong> <strong>eBay</strong> site at<br />

http://pages.ebay.com/help/sell/title_desc_ov.html.<br />

• You can not use a title that doesn’t describe the item you are offering. State exactly<br />

what your item is, even if your title repeats the category name.<br />

• Do not use extravagant textual displays such as ‘@’ signs in “L@@K” or several<br />

exclamati<strong>on</strong> points!!!!!!, or #, % or & symbols. You are wasting a valuable space that<br />

you could have used to include keywords that buyers use in searches. In fact, avoid<br />

using the words “Look” or “Wow” in your title since no <strong>on</strong>e use those words in keyword<br />

searching.<br />

• Stick with the facts and avoid using the words “great”, “superb”, “w<strong>on</strong>derful”, “lovely”, or<br />

“excellent” that sounds like persuasive sales pitch.<br />

• DON’T USE ALL CAPITAL LETTERS! It means SHOUTING in <strong>on</strong>line language.<br />

Besides, when every letter is capitalized, the effect is diluted. Save capitalizati<strong>on</strong> for<br />

important words that you want to stand out in your title.<br />

• Do not use ‘misleading text’ to scam people into looking at your listings. <strong>eBay</strong> has a rule<br />

against misleading aucti<strong>on</strong> titles and banned as keyword spamming. This rule also<br />

applies in writing descripti<strong>on</strong>s. For example, saying that an item is “not” a certain brand<br />

can be c<strong>on</strong>sidered keyword spamming.<br />

• Be obvious in your title descripti<strong>on</strong>. Avoid using general terms. For example, a short<br />

aucti<strong>on</strong> title with <strong>on</strong>e- or two-word though in the right category (<strong>The</strong> aucti<strong>on</strong> title “Lamp”<br />

to sell an antique lamp by placing in an Antiques category) will not attract people since it<br />

lacks informative facts.<br />

Descripti<strong>on</strong>s - Do’s:<br />

You may also check out how to write an informative descripti<strong>on</strong> <strong>on</strong> <strong>eBay</strong> site. You can<br />

also check <strong>on</strong> How to Optimize Listing Tips under Seller Informati<strong>on</strong> Center><str<strong>on</strong>g>Selling</str<strong>on</strong>g> Resources<br />

tab>Best Practices.<br />

• <strong>eBay</strong> puts no limit <strong>on</strong> the size of descripti<strong>on</strong>s but, ideally, your descripti<strong>on</strong>s should<br />

summarize your item to inform and c<strong>on</strong>vince the viewer within 10 sec<strong>on</strong>ds time frame.<br />

Provide the facts such as the age, c<strong>on</strong>diti<strong>on</strong>, size, origin, and color of the item, and or<br />

other important factual informati<strong>on</strong> whether the item is working, damaged, used,<br />

disc<strong>on</strong>tinued or out-of-producti<strong>on</strong>, and payment and shipping instructi<strong>on</strong>s.<br />

• If you have retail price informati<strong>on</strong> of the item, put that in al<strong>on</strong>g with the source (if<br />

available), in your descripti<strong>on</strong>.<br />

• Be h<strong>on</strong>est.<br />

• When it’s relevant, include anything interesting about where and how you acquired the<br />

item such as in antique pieces.<br />

• If you can, give the buyer some extra facts or entertaining informati<strong>on</strong> such as special<br />

background and history.<br />

• Proofread each descripti<strong>on</strong> and Spell-Check to catch potential mistakes. Remember<br />

Spell-Check cannot suggest you better and/or alternative descriptive words but your own<br />

eyes can. If your writing comes across as ignorant and careless, buyers will think the<br />

same of you.<br />

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• Think like a buyer and expect some possible inquiries of your product and be prepared<br />

to give h<strong>on</strong>est and factual resp<strong>on</strong>ses as possible as you can.<br />

Descripti<strong>on</strong>s - D<strong>on</strong>’ts:<br />

• Do not exaggerate or make up/lie in attempt to attract bidders. Getting more people to<br />

look at a listing will not necessarily result in more and higher bids. This may hurt your<br />

current and future aucti<strong>on</strong>s because some<strong>on</strong>e may come al<strong>on</strong>g who knows you’re not<br />

telling the whole truth.<br />

• Avoid irrelevant and unnecessary comments. People will lose interest in your story<br />

together with your item.<br />

• Do not include the words that are used to promote the seller’s other <strong>eBay</strong> listings. You<br />

may simply say “Please view my other <strong>eBay</strong> listings”; but you cannot say "Please view<br />

my other <strong>eBay</strong> listings for Beanie Babies, vintage Barbies, Rolex watches and Chanel<br />

scarves" in your listing to sell Girls’ clothing.<br />

• Do not include sites that offer prohibited and restricted c<strong>on</strong>tents by <strong>eBay</strong>. See <strong>eBay</strong><br />

page at http://pages.ebay.com/help/policies/items-ov.html.<br />

• Do not use inane lines such as “<strong>The</strong> perfect gift for any collector”. You do not want to<br />

insinuate the buyer as unintelligent. People who search for collector pieces are usually<br />

knowledgeable and <strong>on</strong>ly need extra facts if you know of any.<br />

• Do not use racist, hateful, sexual, or obscene language.<br />

• <strong>eBay</strong> members are not allowed to use another <strong>eBay</strong> user's pictures or descripti<strong>on</strong>s in<br />

their listings or About Me pages without the owner's permissi<strong>on</strong>.<br />

• Do not slow down your listings with photos, carto<strong>on</strong>s, and sounds that have nothing to<br />

do with your aucti<strong>on</strong> items. It takes l<strong>on</strong>ger to load images and remember people spend<br />

merely sec<strong>on</strong>ds <strong>on</strong> each listing.<br />

Next, fill up all the steps <strong>on</strong> Sell: Create Your Listing form. Note you have a choice to switch<br />

between form with more choices and simple form. <strong>The</strong> following is a simple form. A form with<br />

more choices will look different and will give you to add/remove opti<strong>on</strong>s each step.<br />

Adding Pictures - See below.<br />

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This is where you upload your photos. <strong>eBay</strong> allows up to 12 pictures and the first is free.<br />

<strong>eBay</strong> offers direct uploading of photos, which means you simply have to click the Browse butt<strong>on</strong>s<br />

and <strong>eBay</strong> will guide you through the upload process. For a more detailed explanati<strong>on</strong>, check out at<br />

this link about Adding Pictures to your Listing <strong>on</strong> the <strong>eBay</strong> site.<br />

<strong>The</strong>re are several experienced <strong>eBay</strong>ers who have extensive knowledge <strong>on</strong> taking<br />

photographs for <strong>on</strong>line aucti<strong>on</strong>. One such <strong>eBay</strong>er site is listed as Camera Jim’s Guide to <strong>eBay</strong><br />

Aucti<strong>on</strong> Photography at http://www.sigma-2.com/camerajim/index.htm. You should also check out<br />

<strong>on</strong> <strong>eBay</strong> site for Do’s and D<strong>on</strong>’ts of picture taking at<br />

http://pages.ebay.com/help/sell/photo_tutorial.html.<br />

<strong>eBay</strong>’s Gallery opti<strong>on</strong> displays a small photo next to an item’s title in Search and Browse<br />

lists. <strong>The</strong> photo used is the first photo you post with your listing. Since February 2008, <strong>eBay</strong><br />

makes this feature free of charge. Gallery pictures are usually generated within minutes of being<br />

submitted, but may take up to several hours at peak times. <strong>eBay</strong> maintains that according to their<br />

statistics, listings with gallery photos not <strong>on</strong>ly get more viewers but also more bids.<br />

A Step-by-Step approach <strong>on</strong> how to upload your photo from your digital camera <strong>on</strong>to your<br />

computer is shown in Appendix at the end.<br />

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If relevant, enhance your listing with Item Specifics<br />

<strong>The</strong> sample page <strong>on</strong> right shows how to identify the c<strong>on</strong>diti<strong>on</strong><br />

of your item and where to fill in the detailed descripti<strong>on</strong> of your item.<br />

Use either Standard or HTML for your Item Descripti<strong>on</strong><br />

Step 4: How to Determine the Best Price<br />

Use Designer Background to enhance your listing<br />

If you run a traditi<strong>on</strong>al aucti<strong>on</strong>, you must determine a minimum bid. For a reserve aucti<strong>on</strong>,<br />

you must determine the reserve. In either case, your knowledge of the market of the item will get<br />

you the most m<strong>on</strong>ey. Make use of the opti<strong>on</strong> given under the box where you would place the<br />

starting price of your item <strong>on</strong> the Sell Form.<br />

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By clicking <strong>on</strong><br />

the Completed<br />

listing next to<br />

where you insert<br />

your minimum<br />

selling price box,<br />

you will see the<br />

successful bids<br />

in green print<br />

and listings that<br />

never received<br />

bids in red under<br />

Price column.<br />

Pay more<br />

attenti<strong>on</strong> <strong>on</strong><br />

transacti<strong>on</strong>s with winning bids, specifically, with the highest winning bid. Sort the results by price<br />

(highest-priced first). This way you’ll see who is making the most m<strong>on</strong>ey <strong>on</strong> this item and c<strong>on</strong>sider<br />

learning a few tips from these successful transacti<strong>on</strong>s:<br />

• Scrutinize the most successful sales and see what keywords sellers used in their title?<br />

• Which category did the winning sellers choose?<br />

• How the sellers have described and promoted their items in their descripti<strong>on</strong> in order to<br />

earn top dollar. Did they provide any incentive to build their credibility by giving “100%<br />

m<strong>on</strong>ey back guarantee”, for example?<br />

• Are there any additi<strong>on</strong>al close-up Pictures <strong>on</strong> the winning listings? How much more<br />

emphasis and detailed informati<strong>on</strong> of the item was presented?<br />

• How did the seller set their pricing strategy? Did he set starting bid low enough to<br />

attract but intend to create emoti<strong>on</strong>al bidding tensi<strong>on</strong> hoping to sell high? You will miss<br />

to achieve the purpose of aucti<strong>on</strong>ing your item for the highest bid possible if you set a<br />

minimum or reserve price too high or too low. Notice the trend that the sellers with the<br />

lowest prices also have the lowest feedback score. This is probably because it is the<br />

<strong>on</strong>ly way to attract new business and establish your name <strong>on</strong> <strong>eBay</strong>. Or they may have<br />

negative reviews due to their inexperienced first flop sales or no prior business to have a<br />

rating. If this is the first time selling for you, think about the incentive to do a good job to<br />

avoid negative ratings. <strong>eBay</strong>’s New DSR (Detailed Seller’s Rating) scale also helps to<br />

give a better picture of a seller. DSR allows buyers to rate an<strong>on</strong>ymously <strong>on</strong> their<br />

experience with a particular seller <strong>on</strong> accuracy <strong>on</strong> the item descripti<strong>on</strong>, communicati<strong>on</strong>,<br />

shipping time, and reas<strong>on</strong>able shipping/handling cost.<br />

• Setting your End Time of your listing is more important than you think it is. Though most<br />

sellers <strong>on</strong> <strong>eBay</strong> end their listings <strong>on</strong> Sunday evening to give an opportunity to shop <strong>on</strong><br />

<strong>eBay</strong> for most workers, it does not mean that your potential buyers will be <strong>on</strong> <strong>eBay</strong> at<br />

that time. If you are selling office products, for example, setting the End Time during the<br />

day may attract more potential bidders than ending after working hours. Your timing<br />

should c<strong>on</strong>sider the fact that the majority of nati<strong>on</strong>’s populati<strong>on</strong> lives in three different<br />

time z<strong>on</strong>es would still be awake and active. <strong>The</strong>re is no single answer to which day is<br />

the best to end. Many variables such as type of merchandise, the time of year, and<br />

even what’s the fad or what shows <strong>on</strong> televisi<strong>on</strong> can affect bidding. General rule of<br />

thumb is to start <strong>on</strong> Wednesday for a 10-day listing to catch two weekends.<br />

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Keep in mind that if very few completed items are available for your product but a growing<br />

number of newly listing are there, this would indicate that supply supersedes the demand and future<br />

winning bids prices probably could be lower. <strong>The</strong> opposite could also indicate a supply shortage<br />

and it might be a perfect opportunity to enter the market with your product.<br />

<strong>The</strong>re are also several print and <strong>on</strong>line resources that you can utilize for your research in<br />

determining the price of your item. For our example of selling a music CD, search under<br />

‘Collectibles’ as a subject heading in your local library catalog page and see Music related items.<br />

Some Print sources include:<br />

• Collectible Compact Disc Price Guide<br />

• Goldmine Records and Prices (published to cover several forms of music categories from<br />

Rock to Jazz)<br />

• Warman's American Records<br />

• Joel Whitburn's Top Pop Albums by Billboard<br />

For many other c<strong>on</strong>sumer and electr<strong>on</strong>ic items, especially, if your selling item is a pricy or<br />

unique and you could not find comparable price <strong>on</strong> <strong>eBay</strong>, make your value research <strong>on</strong> other<br />

aucti<strong>on</strong> sites. While other aucti<strong>on</strong> websites such as www.ubid.com, and www.bidz.com will<br />

give you an idea of comparative price of your item <strong>on</strong> their aucti<strong>on</strong> websites, searching a<br />

particular products <strong>on</strong> the websites such as www.bizrate.com, http://shopping.yahoo.com/, and<br />

http://www.google.com/products will return results from both aucti<strong>on</strong> and <strong>on</strong>line merchant sites.<br />

www.bidz.com specializes in aucti<strong>on</strong>ing of jewelry, art and collectibles.<br />

<strong>The</strong>re are a number of opti<strong>on</strong>s that a seller can use when setting a price <strong>on</strong> <strong>eBay</strong>.<br />

1. Aucti<strong>on</strong>-Style Listing Price: List an item for sale by setting a minimum bid for a fixed length<br />

of time and let the market decides the price.<br />

2. Buy it Now Feature: You must meet certain requirements to be able to use Buy it<br />

Now (BIN) selling format. See complete informati<strong>on</strong> at http://pages.ebay.com/help/sell/fixedprice.html.<br />

<strong>The</strong>se items are identified with “BIN” ic<strong>on</strong> paired with “BIN” price <strong>on</strong> search<br />

result page. <strong>The</strong>re are two ways for sellers to use this BIN opti<strong>on</strong>.<br />

a. Aucti<strong>on</strong>-style: Seller sets a minimum bid for an item and at the same time offer a<br />

“BIN” opti<strong>on</strong> to potential buyers who may desire to avoid bidding and make a<br />

purchase immediately. That means the first buyer who is willing to pay the seller’s<br />

BIN price gets the item instantly and the purchase terminates the aucti<strong>on</strong>. OR, if a<br />

bid comes in first, the BIN opti<strong>on</strong> disappears. <strong>The</strong>n aucti<strong>on</strong> proceeds normally. (In<br />

Reserve Price Aucti<strong>on</strong>s, Buy It Now disappears after the first bid that meets the<br />

reserve.)<br />

b. Fixed Price: Most comm<strong>on</strong> alternative to using aucti<strong>on</strong>-style format. It lets you list an<br />

item for an unchanging, set price, with no aucti<strong>on</strong>-style bidding. You need some<br />

requirements to be qualified to use Fixed Price Format as a seller. You might quality<br />

to sell multiple identical items and/or to include Best Offer feature in your listing.<br />

Check out the informati<strong>on</strong> at http://pages.ebay.com/help/sell/best-offer.html. Best<br />

Offer is a feature available <strong>on</strong> Fixed Price format listings that allows buyers to make<br />

a price-based offer <strong>on</strong> item and if accepted, will close the listing immediately. Best<br />

Offer is available at no charge for buyers and sellers but it does have some<br />

limitati<strong>on</strong>s and restricti<strong>on</strong>s.<br />

3. Reserve Price: A Reserve is the minimum price you will accept as a seller. This is opti<strong>on</strong>al.<br />

You will pay an extra fee to use this feature. <strong>The</strong> cost of posting a reserve price depends <strong>on</strong><br />

the amount of the reserve. Learn more at http://pages.ebay.com/help/sell/reserve.html.<br />

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You may lower your Reserve Price after you put up your listing as l<strong>on</strong>g as the reserve price<br />

has not been met and there are at least 12 hours left <strong>on</strong> the listing. When a reserve price<br />

has been lowered, all bidders are automatically notified by email. Learn more at<br />

http://pages.ebay.com/help/sell/lowering-reserve.html.<br />

Identify your minimum price, the quantity of your item(s), durati<strong>on</strong> of your aucti<strong>on</strong>,<br />

and your payment method in the remaining area of the form as shown in the example below.<br />

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Please refer to Payment Methods in <strong>eBay</strong> Buying Handout <strong>on</strong> pages 16-18. Generally,<br />

individual sellers accept PayPal while merchants may offer either PayPal and/or Credit/Debit cards<br />

plus other payment systems. You can also check out <strong>on</strong> this link directly<br />

http://pages.ebay.com/help/pay/methods.html.<br />

Checks, m<strong>on</strong>ey orders, and bank wire transfers aren’t allowed for most <strong>eBay</strong> purchases. But<br />

sellers can offer these payment methods for certain items in some categories, including<br />

Motors, Capital and Business Equipment, Real Estate, and Adult Only.<br />

Hypothetically, M<strong>on</strong>ey Order is safe and turnaround time is faster than a pers<strong>on</strong>al<br />

check. However, M<strong>on</strong>ey Order must be handled like a check and must be deposited or<br />

cashed at a bank. <strong>The</strong> best practice is to accept USPS M<strong>on</strong>ey Orders for <strong>eBay</strong> purchases<br />

since they can be cashed at any post office and banks also welcome them.<br />

A Cashier’s or Bank Check is also treated as a M<strong>on</strong>ey Order. However, when<br />

accepting a Cashier’s Check from foreign buyers, watch out for a stiff fee from your bank for<br />

handling foreign checks. <strong>The</strong> best advice to your winning bidder in a foreign country is to<br />

buy a M<strong>on</strong>ey Order or a Cashier’s Check in US Dollar other than in their own currency.<br />

Western Uni<strong>on</strong> and <strong>eBay</strong> specifically recommend that you do not use Western Uni<strong>on</strong><br />

or M<strong>on</strong>eyGram m<strong>on</strong>ey-transfer services to pay for aucti<strong>on</strong>s, as they can easily be turned to<br />

fraudulent uses.<br />

For selling valuable items, it is recommended that either buyer or seller or both by<br />

sharing the cost, uses the third party escrow service. An escrow service holds payment for<br />

an aucti<strong>on</strong> item and does not release the m<strong>on</strong>ey until the buyer has reported satisfactory<br />

delivery. <strong>eBay</strong> recommends using <strong>on</strong>ly www.escrow.com, <strong>eBay</strong>’s approved escrow service,<br />

should either you or buyer decides to use an escrow service.<br />

Step 5: Packaging and Shipping<br />

1. If your item has the original box or wrapping, include it with the item photos. It will<br />

authenticate the c<strong>on</strong>diti<strong>on</strong> of the item and increase its value.<br />

2. Make sure the item is as clean as possible.<br />

3. If it is an electrical item, plug it in and test it to make sure it works.<br />

4. If serial numbered, make sure the serial number is accessible and readable.<br />

You can offer just the flat shipping rate to all buyers. Sellers use this practice to ship the<br />

item within the limited geography such as “will ship to United States <strong>on</strong>ly”. Or you can offer to<br />

include shipping calculator and let the buyer figure out the possible shipping cost of the item if w<strong>on</strong>.<br />

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Some seller specifies that the item will be shipped to the C<strong>on</strong>firmed Address <strong>on</strong>ly.<br />

A buyer's C<strong>on</strong>firmed Address is checked against the credit card billing address maintained<br />

by his or her credit card company, or is verified by PayPal. Because C<strong>on</strong>firmed Addresses<br />

must be in the name of the account holder, Gift Addresses can never be c<strong>on</strong>firmed. Thus,<br />

an Unc<strong>on</strong>firmed Address is any address which is not associated with a credit card or<br />

which has not been verified by PayPal.<br />

Addresses can become Unc<strong>on</strong>firmed if the credit card associated with the address is<br />

removed or expires. In additi<strong>on</strong>, you may have two identical addresses available to you<br />

during the <strong>eBay</strong> Checkout process, but <strong>on</strong>ly <strong>on</strong>e of them will be C<strong>on</strong>firmed. To make sure<br />

your C<strong>on</strong>firmed address is set as your primary <strong>eBay</strong> shipping address; click the "set as<br />

primary address" link from your <strong>eBay</strong> address book in your My <strong>eBay</strong> page.<br />

<strong>eBay</strong> now allows printing out shipping labels from <strong>eBay</strong> site without any fees thus<br />

eliminating the trip to the local post office. When you are ready to ship an item sold, go to<br />

you My <strong>eBay</strong> page, find out the tab “Items I’ve Sold” and select the item you want to ship.<br />

Your shipping charges will be paid from your PayPal account. For a complete instructi<strong>on</strong>,<br />

check out at http://pages.ebay.com/usps/shippingitems/labels.html. Your USPS® mail<br />

carrier will pick up your package at no charge when your mail is delivered. And now, you<br />

can also request that your package be picked up <strong>on</strong> specific days.<br />

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If a seller believes that buyer aband<strong>on</strong>s the winning bid and decides to ignore seller’s<br />

attempt to c<strong>on</strong>tact, he can file for the Unpaid Item Dispute at<br />

http://pages.ebay.com/help/sell/unpaid-items.html. Many experienced <strong>eBay</strong> authors<br />

recommend that threats with Unpaid Item Strike <strong>on</strong> buyers hardly work since the strike does<br />

not affect a buyer’s Feedback profile.<br />

TIPS FOR SELLING ON EBAY<br />

1. Know your market and research before you list.<br />

2. <strong>eBay</strong> allows <strong>on</strong>ly 80 characters in Title. Use the space wisely. For an expensive item, you<br />

can always pay an extra 50 cents to get extra attenti<strong>on</strong>.<br />

3. Spelling counts. Remember 85 percent of searches are d<strong>on</strong>e in title searches <strong>on</strong>ly.<br />

However, if you have the space, be sure to include some intenti<strong>on</strong>al misspellings (Hewlet<br />

Packard, Hewlett Peckard, or Hewllet Packerd, for example) to accommodate your more<br />

spelling-challenged customers; just make sure the correct spelling is also there.<br />

4. Create a clear but compelling descripti<strong>on</strong>. Use easier terms to find your item. Include any<br />

and all identifying characteristics and features, including the item’s c<strong>on</strong>diti<strong>on</strong>, when it was<br />

made, and any flaws. Try to anticipate questi<strong>on</strong>s potential buyers may ask and address<br />

them in your descripti<strong>on</strong>s.<br />

5. Take good pictures. Buyers want to see the items they are interested in purchasing. Make<br />

sure the pictures are clear and close-up. Use natural or ambient lighting and a neutral<br />

background.<br />

6. Treat Shipping and Payment Terms as vital informati<strong>on</strong>. Provide as detailed informati<strong>on</strong> as<br />

you can <strong>on</strong> those terms and avoid c<strong>on</strong>fused and disappointed customers.<br />

7. Be practical in setting price to sell. If you are allowed to use Buy it Now opti<strong>on</strong>, set your BIN<br />

price in the neighborhood of what you expect your item is worth. You can probably raise it a<br />

little higher for products in demand, or take a few dollars off if you want to move your<br />

merchandise fast. Setting the starting price (the opening bid) anywhere from a single dollar<br />

to no more than half your item's value will encourage healthy bidding, thus raising the<br />

perceived value and the final price.<br />

8. Setting a reserve price for comm<strong>on</strong> items in listing tend to scare away bidders and can lower<br />

the closing price unnecessarily. Bidders get more c<strong>on</strong>fused to see a Buy-It-Now price<br />

al<strong>on</strong>gside a reserve price and can easily give up any hope of getting a bargain.<br />

9. For pricey items, you may want to choose multiple listing categories and upgraded features.<br />

Listing your items in multiple categories and using feature upgrades like text bolding and<br />

highlighting and additi<strong>on</strong>al photos can increase your chances of selling an item.<br />

10. For high-demand items, you can set shorter aucti<strong>on</strong> times to create additi<strong>on</strong>al demand.<br />

11. Provide good customer service. Just because you d<strong>on</strong>'t have to meet your buyers in pers<strong>on</strong><br />

or talk to them <strong>on</strong> the ph<strong>on</strong>e doesn't mean you can provide poor service. Resp<strong>on</strong>ding<br />

promptly to inquiries can help facilitate a sale. If you are slow in resp<strong>on</strong>ding to bidders’<br />

questi<strong>on</strong>s they may lose interest in buying your item.<br />

12. Offer satisfacti<strong>on</strong> guarantees, warranties, or returns. Every c<strong>on</strong>sumer feels more<br />

comfortable with some sort of guarantee, warranty, or the opti<strong>on</strong> to return an unsatisfactory<br />

product. Most low-volume sellers prefer to sell their items "as is," so offering some kind of<br />

guarantee is a great way to set yourself apart. Make sure you post your return policy<br />

prominently.<br />

13. If you know HTML, make use of it. It offers many features that <strong>eBay</strong> Sell Your Item Form<br />

does not offer, such as in-line images, tables, and even JavaScript.<br />

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14. Open communicati<strong>on</strong>. Every<strong>on</strong>e hates junk e-mail, but your attempts to curb it may be<br />

costing you more than you realize.<br />

15. If you suspect that your e-mail isn't reaching its destinati<strong>on</strong>, there are a number of back<br />

doors you can use. First, use <strong>eBay</strong>'s C<strong>on</strong>tact Member form whenever possible, as e-mail<br />

originating directly from <strong>eBay</strong>'s servers is less likely to be trapped by an errant junk filter. If<br />

that doesn't work, send your message from an alternate account just in case your return<br />

address is what's causing the problem. If you're a seller, put a note in your aucti<strong>on</strong> and<br />

payment instructi<strong>on</strong>s that tells customers to disable their spam filters if they d<strong>on</strong>'t get e-mail<br />

from you. Finally, try to answer your bidders' questi<strong>on</strong>s right in the aucti<strong>on</strong> descripti<strong>on</strong> to<br />

educate—as well as reassure—all your potential customers.<br />

16. If you're listing a dozen or more items at <strong>on</strong>ce, <strong>eBay</strong>’s free automated listing software, Turbo<br />

Lister lets you create professi<strong>on</strong>al-looking listings and upload thousands of items in bulk.<br />

For more informati<strong>on</strong>, check out at http://pages.ebay.com/help/sell/turbo-lister-ov.html. You<br />

can save the listings <strong>on</strong> your hard drive, which makes selling similar items or relisting the<br />

same item easy.<br />

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APPENDIX<br />

<strong>The</strong> following instructi<strong>on</strong>s show step-by-step approach <strong>on</strong> how to download images from<br />

your digital camera to your computer.<br />

STEP 1: After you<br />

have c<strong>on</strong>nected<br />

your camera with a<br />

USB port to your<br />

computer, doubleclick<br />

<strong>on</strong> “My<br />

Computer” from<br />

“Start Butt<strong>on</strong>” of<br />

your computer.<br />

When you camera<br />

image appears <strong>on</strong><br />

your “My<br />

Computer” window,<br />

double-click <strong>on</strong> it.<br />

STEP 2: <strong>The</strong> picture you took with your camera<br />

will show up. Double-click <strong>on</strong> the image.<br />

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STEP 3: Picture shows sideway.<br />

Click <strong>on</strong> “Rotate Clockwise”<br />

butt<strong>on</strong> at the bottom.<br />

STEP 4: A dialogue box will show up and warn you that you have to click “Copy To” butt<strong>on</strong> with<br />

‘floppy disk’ ic<strong>on</strong> at the bottom of the page to save it by giving a new file name. Click <strong>on</strong> ‘OK’.<br />

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STEP 5: Select your locati<strong>on</strong> to save and click <strong>on</strong> ‘Open’. In the next window, give an<br />

appropriate name and click <strong>on</strong> ‘Save’.<br />

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BIBLIOGRAPHY<br />

Sinclair, Joseph T. Building Your <strong>eBay</strong> Traffic the Smart Way: Use Fro ogle, Datafeeds, Cross-<br />

<str<strong>on</strong>g>Selling</str<strong>on</strong>g>, Advanced Listing Strategies, and More to Boost Your Sales <strong>on</strong> the Web’s #1 Aucti<strong>on</strong><br />

Site. New York, NY. AMACOM. 2004<br />

Sinclair, Joseph T. <strong>eBay</strong> the Smart Way: <str<strong>on</strong>g>Selling</str<strong>on</strong>g>, Buying, and Profiting <strong>on</strong> the Web’s #1 Aucti<strong>on</strong><br />

Site. Fourth Editi<strong>on</strong>. New York, NY. AMACOM. 2005<br />

Prince, Dennis L. & Meyer, William M. How to Sell Music, Collectibles, and Instruments <strong>on</strong><br />

<strong>eBay</strong> and Make a Fortune! New York, NY. McGraw-Hill. 2004<br />

Sinclair, Joseph T. & Livingst<strong>on</strong>, Stanley. <strong>eBay</strong> Photography: <strong>The</strong> Smart Way Creating Great<br />

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