- Think about resale value – it’s a case of spend more to secure more. Do your homework and research what’s a realistic resale price.
- King of the Shopping Neutralers – diversify, you can sell hard drives along with hosepipes without it damaging your reputation. The ability to move fast, spot a trend and milk it marks out the winners from the losers.
- Keep a close eye on your figures – If you’re managing your own eBay economy it’s even more important, too many traders don’t know basic maths and this can cost them dearly in the future, don’t be one of them.
- Start thinking of yourself as a shop – you’re already a savvy shopper so remember what you want as a buyer. Communicate well, set expectations with regards to delivery times etc, be prepared to deal with any problems quickly and where possible look to beat expectations
- Check out the competition – Important to shop around as a buyer and as a seller to look at what your competition do differently and what you would improve. If your competitor’s postage costs are high, undercut them.
- Make the most of your shop window so you sell more to buy more – clear photos, detailed descriptions and complete transparency on any faults are the key to a successful sale. Put yourself in your buyer’s shoes and make sure there are no surprises in store.
- Learn a bit of everything – being Shopping Neutral means you need to master a whole load of skills from basic accounting to marketing. Keep one eye on the clock and use your time well. For example, most buyers are trawling eBay for bargains on a Sunday night – that’s when you need to be listing.