Did you know selling on eBay with the Business account is a tried and tested way of making money online? In this post, I intend to inform you how the business account works. You never know, this may be something that works for you.
The Press Release (2019) quoted eBay Fourth Quarter report. The report stated that eBay had made a revenue of $2.9 billion.
How To Register A Business Account
There is a wide range of items you could sell through your eBay Business account. Items such as smartphones, phone cases, games, women clothing, beauty and cosmetics, jewellery, toys, hair accessories and phone accessories as well among a number of other items in all categories.
To operate as a business seller on eBay is so simple. To get started, you need to provide the following information:
- Your business full contact details.
- Details for the trade organizations you may belong to.
- Details of authorization schemes, if any, that are relevant to your online business.
- Indicate your prices clearly plus delivery or tax charges if they apply
- Your VAT number, if your business is subject to VAT.
What’s the right time to register as a Business Seller?
If any of the following suits you, then you should register as a business seller:
- If you want to sell items that you’ve bought for reselling.
- If you make items yourself for reselling.
- If you are a Trading Assistant or a person who buys items for your business
Seller Expected Standards
When consumers buy goods from any business or shop, the items must meet certain minimum standards. In other words, they must be of satisfactory quality. Exactly as described in the listing and also suitable for use.
Thankfully, eBay has a policy you can always refer to avoid going on the wrong side of the law.
What happens if I sell substandard goods?
Failure to follow policy guidelines may ruin your business and subject yourself to a range of actions.
- eBay may limit, restrict, or suspend you from buying, selling or using its platform features.
- Your listings may be removed, displayed lower or not shown in search results, without getting a refund on any applicable fees.
- You may also forfeit special account status and any discounts.
My advice is that before you start selling on eBay read the policy first to keep your listings on the right side of the law.
In addition, eBay has a Seller Centre for information and advice for sellers which will walk you through the first steps to start your global online business.
How to get started on eBay?
It’s really easy to sell on eBay. You start by creating a business account. Then to list your items, take some snaps and write a great description.
eBay has a guide full of instructions to help you every step of the way.￼
eBay Business Account – Pros & Cons
“There are more than 24 million registered buyers in the UK alone.” This leaves us with no shadow of a doubt of the numerous presence of potential buyers from all corners of the world.
Selling with eBay business account will benefit you in many ways than you ever thought.
eBay s international presence helps you to reach customers from all over the world.
eBay has seller protection that will give you peace of mind to sell in confidence having nothing to worry about.
You get paid through PayPal which is a safe and easy way of accessing your payments.
eBay has a mobile app which allows you to list items and track sales on the go.
eBay has professional tools for those selling professionally.
Staying On Top Of Things
These tools make it possible to manage your orders, track sales and be able to build your brand.
When do I get paid?
You get paid quickly once your items get sold. eBay has systems in place to make it easy for buyers to pay you.
All you do in the end is to send your purchased item by post. Firstly, you box the item or wrap it, print the labels before you send it. There are several courier services you can use including the postal service.
Should I start big or small?
I believe in starting small to allow my business to grow little by little. With more learning and discovering what works and what doesn’t increases the chances of business success.
It’s not uncommon to make mistakes when you are just starting. Mistakes are actually a good learning curve.
With more experience under your belt, you will be able to buy your products in bulk for reselling without incurring any losses.
How to improve your Profits
Not all items that are sold on the eBay platform are profitable. Some never attract the attention of a single buyer. So, you must do your homework to research what products sell most.
Aim to sell the most profitable items. To identify such products can be tricky at times unless you have the know-how approach.
Most sellers use the market research tool, such as Zik Analytics, to find the most profitable items.
By making use of this tool you can analyse your competitors and see the items they are selling.
You can deduce a lot of sales data from the research tool that checks on various categories of products on the eBay platform.
With a market research tool, you will never go wrong and plan ahead of your competitors.
This enables you to find the most profitable items to sell on eBay.
Another way of maximizing your profits on eBay listing products with high-quality photos and strong description.
eBay also helps its customers with price recommendations, which will help you sell quickly. It gives you hints to attract more buyers by allowing buyers to make offers.
To add, when writing your product descriptions, try to be detailed as much as you can. The more information you give your potential buyers, the better your chances of making a sale.
In a nutshell, the process of selling on eBay using a business account is very simple.
Take pictures of your products. Make sure you take a brilliant and good quality picture with good lighting.
The next thing is to list your product and write a quick, interesting, informative product description.
A word of advice
Be honest in your descriptions even if it means pinpointing the defects your item might have.
For example, mention the handbag you are selling is second-hand, though it may be in good condition, it has a small hole in the corner.
Being dishonest will ruin your reputation and attracts bad feedback reviews and less earning.
When it comes to selling, pick a fair price. You can either choose ‘Sell It Now’ or ‘Auction’ (or both).
Make sure you get the item ready for shipping once it’s sold. Be mindful of every cost before you decide prizes for your items.
Refer To The Guide
Always refer to eBay’s Guide that will walk you through from the packing and shipping stages.
Make sure you check your emails regularly so that you post sold items in time.
Hopefully, you found this post, ‘What You Need To Know About eBay Business Account’ informative and help you make the right decision to register your business or personal account.
If you have questions about this post, please feel free to leave them below. I will be more than happy to respond at the earliest convenient time.