Buying and Selling On eBay For Beginners - Instructor Andrea Janssen
How to register on eBay www.eBay.com Name, email address, password needed to start with. You're issued your "My eBay" page" (ALL of your info is here and you can change your eBay ID name here.) Also, you can have multiple eBay (and PayPal) memberships - benefits of doing that. You can have up to 5 memberships. Each has to have a separate email address.
Site Map - Importance of this eBay page and how to find it. Search www.google.com to find quick links to answers.
To sell on eBay - go to My Account in your My eBay page to set up your payment method for your monthly eBay fees (they're always shown in your monthly invoice.) Need to give eBay a credit card or debit card number to pay any fees you're charged. ALSO, you need a PayPal membership in order to receive and send payments on eBay.
How to register on PayPal: www.paypal.com. Need a credit or debit or checking or savings account number. Can use the credit or debit card number you gave to eBay. Some people get a separate credit/debit/checking/savings account for their eBay/PayPal accounts. How to withdraw money from your PayPal account: PayPal debit card, request a PayPal check: www.paypal.com/wdfunds ($1.50 fee, 10-14 days to receive it), or bank account transfer. Huntington or TCF have free bank accounts.
$20,000 COMBINED with 200 transactions (IRS law). To get a sales tax number www.michigan.gov: On the opening page search sales tax, then click on the link that says Taxes-Sales and Use Tax, then click on the link that says Sales Tax Information (no fee from the state of Michigan to get a sales tax number.)
eBay’s "New Seller" selling limits, PayPal "New Seller” payments temporarily frozen (how both of these are lifted.) New sellers can not have more than 100 listings and the total selling price can’t be more than $1000. Once you have sold 25 listings and totaled $250 in sales this restriction is lifted. Your 1st 10 payments are frozen for 2 weeks. Get at least 5 good feedbacks to attract more buyers. You can get friends to give you good feedback and return their money to them.
eBay’s main opening page links (top of the page): My eBay (link to your account page), Sell, Customer Support (this is where the Resolution Center link is for any selling or buying problems (there's also a link to the Resolution Center in your my eBay page.)
eBay's Buyer and Seller Protection policies (note: Seller policy doesn't cover any damages during shipping.)
Feedback communication structure for Buyers and Sellers, how to “earn” your first feedbacks (if needed.)
To access eBay's selling form click Sell at the top of eBay's opening page. On the selling form click on the link to switch to the Advanced Listing Tool (this is the original full length form). Also click on the Advanced Editing link.
Two Selling methods: Auction, Auction with Buy It Now, (reserve price) OR Fixed Price, Fixed Price or Best Offer.
Selling/shipping internationally: www.usps.com for regulations and shipping rates, eBay Global Shipping Program.
eBay's Seller fees (can vary if additional options are chosen) = Insertion/Listing Fee (possibly), Final Value Fee (always if your item sells) - is based on your final selling price and shipping charge combined), ALSO...you will have two fees from PayPal: 2.9% Merchant Fee and .30 Transaction Fee (both are subtracted immediately from the payment you receive from the Buyer). Buyers are never charged fees by PayPal - Sellers are always charged fees.
Ways to reduce eBay Seller fees: Open an eBay store, and/or earn status as a "Top Rated Seller" (or TRS Plus.)
http://www.usps.com for free shipping boxes and free home pick up (call 2-3 days prior if you have many boxes). Determining shipping (need a digital scale.) First Class letters/packages (up to 13 oz.), Priority Mail packages up to 70 lbs. (use 90210 as the destination zip code when calculating postage on www.usps.com.) Priority Mail Flat Rate, eBay's Shipping Calculator, Local Pickup Only, eBay's "print shipping label"(15% Commercial Base postage discount+free USPS Tracking+up to $50 insurance+ eBay prints out your label+emails your Buyer with the tracking number.)
eBay's Shopping Cart: Buyer contacts you before buying multiple items to find out a discounted shipping charge.
Drop shipping option (search drop shipping on eBay www.google.com. Drop shippingis asupply chain managementmethod in which theretailerdoes not keep goods in stock but instead transferscustomerorders and shipment details to either the manufacturer, another retailer, or awholesaler, who then ships the goods directly to the customer.
eBay's certified drop shipping partner: www.doba.com (need a sales tax license for Doba.) You can sell items on eBay without actually having them. Popular wholesale websites: www.wholesalecentral.com, www.alibaba.com, and www.aliexpress.com.
Popular items to sell: Non-perishable grocery, health/beauty, all dollar stores, Walmart, Target, Sam's Club/Costco, coupons, recipes, plants/seeds, tropical fish/plants, homemade food, used clothes/shoes.
eBay takes 10% of Final Value Fee
eBay store – looks like a website – $25 a month
Get a digital scale from eBay
Don’t use ebay’s Shipping Calculator.
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Buying and Selling On eBay - rcd