1 / 24

Buying and Selling Basics

Buying and Selling Basics. About Ebay. eBay is a online marketplace where buyers and sellers can come together and trade almost anything. Launched in 1995 by Pierre Morad Omidyar in San Jose Multinational with over 100 million active users

percy
Download Presentation

Buying and Selling Basics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Buying and Selling Basics

  2. About Ebay eBay is a online marketplace where buyers and sellers can come together and trade almost anything. Launched in 1995 by Pierre MoradOmidyar in San Jose • Multinational with over 100 million active users • Total value of goods sold in 2011 was $68.6 billion dollars

  3. How Ebay Works • A seller lists an item on eBay • Auction Style listing or Buy It Now listing • Auction Style-- 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. • Buy it NOW--the first buyer willing to pay the seller's price gets the item.

  4. Registration • Provide your name and email address to open an account • Personal or Business account • Create a username and password at registration that will represent you in the Ebay community

  5. Registration • You can register two accounts—i.e. one for buying and one for selling • Must have different user IDs and email address • Can not be used in the same listing

  6. Personal

  7. Business

  8. How registering helps • Bid on auction-style listings and sell items • Track up to 200 items at a time • Create reviews and post to the Community boards • Use My eBay to manage your buying and selling activities

  9. Find an item • Enter keywords into the search box located at the top of any page, or browse through the list of categories on the home page.

  10. Ebay Search Categories

  11. Sample Search

  12. The Search Results • Categories that the items falls under • Auction and Buy It Now Display • Type and size of Item • Condition • Era (good for vintage items) • Price Range • Item location • Shipping preferences (expedited, free etc)

  13. The Search Results • Most items have a photo • Gives you an idea of what to expect • Handy if you need to file a claim through eBay Buyer Protection • Description of the item • Price (min and max) • Time left until item closes • How many bids have already been placed

  14. Auction Listing

  15. Auction Style listing • Seller lists the item at a specific price and buyers can place bids on the item. • The idea is to place your maximum bid amount—this is how much you’re willing to pay for the item. • Can place multiple bids on an item. • If you register you can create a watchlist* • Send alerts when a new bid comes in • Automated bids

  16. Auction Style Listing • In most cases, you can’t cancel your bid, so BE SERIOUS! • Can be excluded from bidding* • Once the item closes, the item goes to the highest bidder • Should pay within 3 days of close

  17. Buy It NowVery Simple: You buy the item at a fixed price by the seller.

  18. Important things to note • Look at the seller feedback before purchase! • Scores the seller on a scale 100 with positive, negative and neutral feedback options • Shows how many items they’ve sold • Other items for sale • Written feedback as well • Contact Information*

  19. Payment Options • Make sure to check the methods of payment before bidding or buying it at a fixed price • Popular payment options include: • PayPal- credit card or bank account • BillMeLater- subject to credit approval • Direct credit card or bank card payment • Escrow- mostly for vehicles • Payment upon pickup

  20. Important things to note • Look at the shipping options and estimated delivery dates. • Especially if you’re ordering internationally! • Note the refund options before buying • Great idea to only purchase from sellers that are eBay Buyer Protection certified* • Use the Pay Now option or Pay later through My Ebay to make a payment on an item.*

  21. Selling on Ebay • Create a seller’s account • Same personal information except everything MUST be verified by Ebay • Set up an automatic payment method for seller’s fees and ebay buyer protection reimbursements • Insertion fee* • Final value fee* • Read the Do’s and Don’ts and seller agreement! • Click the Sell link at the top of any eBay page to start selling your stuff!

  22. Create a Listing • To create a listing, you need to provide your item's title, description, price, and shipping and payment information. • Start your listing by simply describing your item. • Specify condition of the item • Add a photo • Identify the categories for the item • Look at similar items for help with pricing and listing format or look at the pricing guide on Ebay

  23. Creating a Listing • Set your price for Buy It Now or your reserve price for auctions* • Clarify your accepted payment methods • Listing Duration* • Set the shipping price • Charge a flat fee or calculate shipping costs • Most importantly- Specify your refund policy! • Ebay offers a step-by step guide to selling on ebay at this link: • http://pages.ebay.com/help/sell/listing_ov.html

  24. Thank you! Questions about Ebay?

More Related