eBay

Auction Fundamentals Has Arrived!

After six months in the works my newest eBay tutorial course is finally ready to launch.This is the second eBay training product I have produced, the first being a DVD course that is now a few years old and in need of an update.

But rather than updating the eBay course I decided to create a whole new course from the ground up. It takes you through the business building process right from opening an eBay and Paypal account all the way through niche selection, product buying, listing, templates and even customer service and keeping your 100% feedback.

So if you are new to eBay or if you have been selling for a while but not managed to get to make it earn as much as you would like this course will help you achieve your goals.
Take a look at the short intro video for more information..

https://wholesale-help.leadpages.co/auction-fundamentals/

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How to Use eBay Templates

eBay listing templates are a good way to display your items in a clear and clean way so the potential buyer can see the information they want and make decision. Some eBay sellers make the mistake of cluttering their listings with cross promotion items and too many graphics which will confuse the eBay search engine and could be detrimental to your search rankings plus it looks really bad too!

Keep your eBay listings simple, easy to read and this will pay off in more sales conversions and a better buying experience for your eBay customers.

In this YouTube video not only will I be showing you step by step how to use eBay templates but i will be giving you my eBay templates for free!

I had my graphic designer put together this pack of templates especially for this series and so you can follow along with this video and build clear and professional looking eBay auctions that will maximize your sales.

You can make the video bigger by clicking on the bottom right of the screen.

Let me know what you think in the comments below.

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Terapeak and Alibaba Have Joined Forces!

Big news this week as online eBay and Amazon research big hitter Terapeak have joined forces with Chinese eCommerce giant Alibaba to integrate inventory sourcing within the testing and tracking platform of Terapeak.

To mark this momentous occasion I jumped up and down on the Terapeak big wigs and a free membership fell out! So I will be holding a competition this week where you can win a full years professional membership to Terapeak so stay tuned to the Wholesale Help YouTube Channel for more info on how you can enter.

This collaboration in my opinion is really good news for us eBay sellers, it cuts down the time needed for niche research dramatically and enables you to get straight to the data you need to make the correct buying decision.

If you haven’t heard of Terapeak and you sell on eBay then you need to know about it, it’s a powerful research and analysis tool that harnesses the live data from eBay and tells you what the hottest selling products are, how often they are selling, what day of the week they are selling what time of the day, who your competitors are and what they are selling the most of. In short its gives you all the data you need to choose profitable products to sell on eBay and Amazon, plus helping you find new opportunities and enhance your current sales.

You can also connect your eBay accounts and keep track of your own sales performance and listing strategies.I have had a Terapeak membership for over two years now and I use it often to check up on new niche opportunities and tweak my current listings that need a boost.

Enter Alibaba!

This latest update for Terapeak sees a strategic collaboration with Alibaba, the go – to place for sourcing products to sell from China, so now as you are researching products you can click straight through to the exact product on Alibaba and check out the unit prices and get in touch with a supplier. I’ve have been playing with this feature over the last few days and it works perfectly, no miss communications, no dead links it all works as it should which is pretty impressive.

My only gripe is that currently there is no support for UK Amazon sellers within Terapeak it’s only for Amazon US right now which renders this feature useless for us Brits, but I understand this is being worked on as we speak and hopefully we will be able to make use of it soon.

So if you want to check out Terapeak right now you can grab a Free 7 day trial by clicking the banner below so you can see for yourself just how powerful this tool really is.

Why Aren’t My eBay Items Selling?

Today’s question comes from someone from the Wholesale Help member’s club in a private message. I won’t quote the whole thing, but I’ll give you the gist: “I researched my niche, I found an item, I bought the item, I had some good sales, and now the sales have slackened off. Why are my items not selling?”

There are a few things to cover with this. I’ve narrowed it down to three core selling elements, and it all ties together with a fourth. The three keys are: demand, profit margin, and competition. Your profit margin and lack of competition don’t matter if there is no demand. Your lack of competition and demand are pointless if there’s no profit margin for you to make money off your sales. Your demand and profit margin mean nothing is the competition is too high, because you’ll never be seen among the crowd. These are all good things to research before you by a large number of an item. Of course, if you find yourself having issues with these things, it’s best to lower your price until you sell out of the item, make your money back that you spent on getting said item in the first place, and try again with something new.

Of course, there can be variations to these rules. For example, it’s okay if you have a good profit margin and low competition but the demand is a little lower. When buyers do look for the item, low competition drives them to you and the high profit margin puts money in your pocket. If profit margin is the weak element, but you’re still selling a large number of the product, you can make that work. If you sell fifty items at a £1 profit, you’re still going to make £50. I don’t like to do it that way, but it could work out. Competition is hard when it comes to variations, though. If there’s a high demand, you may still make some money, and it may be worth it if the profit margin is astronomical, but several dozen other people have that same idea.

The final thing that ties all of this together is scale. It would behoove you to stock your eBay store well with complementary items, because some items sell quickly, some don’t, and some fluctuate between highs and lows in regards to demand. Having more items stabilizes your business. If you have one item that you sell five times per month, you’re still doing okay. But, imagine if you had twenty items, all of which sell five times per month. Instead of making five sales per month, you’d be making a hundred. If your profit margin were at, say, £20/item, you’d be making £2000/month. In terms of sales, that’s not bad at all.

While that’s the general overview of the question itself, I’d like to take a moment to thank you guys. By my donating 20% of all the profit from the sale of my eBay tutorial DVD course (which is still available for sale!), we’ve managed to raise over £300 for cancer research, which comes out to over $500 USD. If you haven’t already gotten the DVD, I wholeheartedly encourage you to do so. The DVD will help you and your business, and your purchase will help fund cancer research.

Check out the video below for a more detailed description of the above!

How to Ship Multiple eBay Items

Glen over on the YouTube channel had a great question for me about shipping multiple items.

“I am new to EBay and plan to sell items slow to begin with, but obviously I want to speed it up. How do I handle shipping multiple items a day? I’m not too worried about the time aspect – more the cost. Are there any tips that you have for saving time or money? Do you always use the Postal Service or sometimes FedEx? Do you have your own label printer and scale?”

There’s no specific answer to this as such, because there are many different ways to post. Some of them will be country-specific and the cost will vary. You as a seller have to determine whether time-efficiency or cost-efficiency is more important. Once you get past a certain level of selling, you might be able to earn some discounts on shipping rates from your local post office, so keep an eye out for that possibility.

Personally, for the most part, I use the integrated postal application right on eBay. If you’ve got heavier items, you’d be better off to go with a courier, but for smaller things, the application on eBay is convenient.

You tell it what kind of parcel you’re sending, and the options and pricing will vary by country. After that, it gives you a whole host of different shipping options. On thing to note is the option for the recipient to sign for their package upon delivery, because it deters those people who like to pretend they never got their item so they can ask for their money back. I’d suggest you use this option on anything over £5 in value, lest you lose out on that sale.

When I use this feature, I purchase what are called two up labels, which means that you can print two labels per sheet. They cost only pennies, and they allow you to use the eBay integrated postal application right from your home. You print the label, slap it on your packaged item, and you’re all set.

Check out the video below for a more detailed explanation of all of the logistics of this process!