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How to Buy and Sell on eBay

 

 

Ok, you have heard the word a million times but what is eBay exactly? In a nutshell, eBay is the world's largest online auction. A place for buyers and sellers to come together and buy or sell just about anything. So if are wondering how to buy on ebay or how to sell on ebay, relax right here is the information that you need to get started.

Here is basically how it works:

  • A seller lists an item on eBay - from antiques to cars, books, computer parts, old china to sporting goods. The seller chooses to accept only bids for the item (an online auction) or to offer the Buy It Now option, which allows buyers to purchase the item right away.
  • In an online auction, the bidding opens at a price the seller specifies and remains on eBay for a certain number of days. Buyers then place bids on the item. When the listing ends, the buyer with the highest bid wins!
  • In fixed price listings that offer Buy It Now, the first buyer willing to pay the seller's price gets the item.
 

 

To get you started, here are the basics that will get you trading on eBay today!

First, open an Account on eBay: You don't HAVE to have an account to buy, but you do to sell on ebay. But, it is much easier if you have an eBay account. It is free to open an account and it just takes a few minutes.

 

How to Buy on eBay

You can shop for almost anything on eBay. Get started using these steps according to eBay:

  1. Find an item. Enter keywords into the search box located at the top of any page, or browse through our list of categories on the home page.
  2. Learn about the item you found. Read the item description carefully. If you have any questions about the item, you can find answers by clicking the Ask a question link.
  3. Review the seller's Feedback. View the seller's business reputation by looking at his or her Feedback score, and read the comments left by previous buyers to be sure that this is a seller you feel you can trust.
  4. Bid or Buy It Now. Check the item page to see what purchase options are available. You can either place a bid on an item or purchase it instantly using Buy It Now. Remember, all bids are active until the listing ends. If you win or click the Buy It Now button, you're obligated to complete the transaction.
  5. Pay for the item. After you've won or bought the item, send your payment to the seller within 3 days. To pay with one of the electronic payment methods offered by the seller, click the Pay Now button in the listing or email notification If you're picking up the item, you can pay by any method the seller accepts (including cash).

eBay Buying Tips

  • Do your research. If you are looking to buy something on ebay dont just look at onen item. look at several to compare condition and price.
  • Look and the quality of the listing. Do the details of the item make you feel comfortable that you understand what you are buying? Are the pictures of the item nice and sharp representing the item well?
  • Ask the seller a question. You can click on the sellers name and send them a question within ebay about the item.
  • Keep all correspondence inside eBay. It is a violation of ebay policy to communicate with a buyer or seller about a listed item outside of ebay. Keep all communication between you on the record, and inside ebay messages for your protection.

How to Sell on eBay

Before you can SELL on ebay you must have an active ebay account. Once you are setup, here is an outline on how to sell on ebay. (for official rules and policies, refer to eBays seller and listing policies for all rules and details, this is only an outline reference:

  1. Research: First, do a search for similar items on ebay for a couple of reasons. First it will give you an idea of what it should look like, and also you need to see how much similar items are selling for. This will help you determine how much you should ask for your item being listed.
  2. Click on the SELL button in your eBay account. A wizard will walk you through the process step by step, don't worry.
  3. Assign a Category: The item being listed will need to be assigned to a category (car parts, books, electronics etc). Once your category is selected you move forward.
  4. Provide Item Details: You will be asked to provide full details about the item you are selling. This includes a TITLE for the listing, pictures and full details of the item. This is very important so take the time to word your item carefully. Refer to step one to compare how others are listing similar items. You don't want to be exactly the same, the whole idea is to stand out from the crowd. But until you get up and running, it will help guide you by comparing.
  5. Pictures. Sharp pictures are the most important part of a listing since that is all the buyer has to go one. Take crystal clear and accurate pictures, this will make or break your listing.
  6. Choose your selling price. There are basically 2 methods of selling, AUCTION style and FIXED price. If you want a flat rate and will accept nothing less choose a fixed style listing. If have patience and don't mind waiting, an AUCTION style could bring a higher price. Be careful not to list your item too low in an auction style listing. You HAVE to sell it to the highest bidder. You can set a RESERVE price to protect you here.
  7. Review your Listing: You will be given an opportunity to do a final review of your listing prior to officially listing it. Take your time here and read over every word. Your seller reputation on eBay is built solely on honesty and accuracy of your listings.

eBAY SELLING TIPS:

  • Be honest. You are building a reputation from day one. Honest sellers with a high level of integrity will always be the most successful. Treat people wrong, or try to mislead you will go down fast in the ebay community. Start off on the right foot.
  • See "Completed listings". In the left column you will have this option which will show you what similar items are ACTUALLY selling for. You should base your selling price accordingly.
  • Take better pictures than anyone. This is key when selling. A blurry picture that was taken quickly will make it more difficult for a buyer to get an accurate feel for the item. Take pics of all angles of the item. What would YOU want to see if you were buying something site unseen? Imperfections? Most important that you take pictures of  those. Dont try to avoid it because that is the first thing a buyer will look at when he or she receives the item. Refer to previous point.
  • Pack your item well. You have gone to a lot of effort to list and sell your item, you want to make sure it gets there in one piece.
  • Ship promptly. Once a buyer pays for your item, they will expect it to ship in the next day or so, don't procrastinate. Ship it right away.
  • Keep all correspondence inside eBay. It is a violation of ebay policy to communicate with a buyer or seller about a listed item outside of ebay. Keep all communication between you on the record, and inside ebay messages for your protection.
  • Refer to eBay for safe selling tips and full details and policies for sellers.

 

How do I pay for an item I bought?

Every seller accepts different payment methods, and has different processes for closing the sale and receiving payment. PayPal is by far the safest and most common method to pay for or receive payment from.

If the seller offers PayPal, you can click the Pay Now button to go directly to PayPal and pay using a credit card or electronic check. PayPal is the quick and easy way to pay on eBay. If you want to send a check or money order (and your seller accepts these payment methods), the seller's contact information will appear in the End of Auction notice. If you do not have the End of Auction notice, you can ask for that information through the "Ask seller a question" link on the closed item page.

Tip You should only bid on or buy items where the seller accepts payment methods that you want to use. If you want to pay by credit card, and the seller states "money orders only", you should not bid on the item.

Note: You are only obligated to pay the seller using one of the payment methods specified in the eBay listing. If the seller wants to change payment methods after the listing has ended, you should insist on paying through the method stated in the listing.

 



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