super christmas ebay selling secrets
Transcription
super christmas ebay selling secrets
SUPER CHRISTMAS EBAY SELLING SECRETS 2013 Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo SALEHOO’S SUPER CHRISTMAS EBAY SELLING SECRETS EBOOK Welcome to the SaleHoo Super Christmas eBay Selling Secrets eBook. Even though it’s still a few months away, you should be very excited about the upcoming holiday season! Not only are there presents, candy canes and lots of parties, but for us online entrepreneurs it’s by far the most profitable time of the year, which is why we have put this little guide together to get you pumped up and prepared for profits! The holiday season is a prime time for attracting new regular customers, and many retailers make the bulk of their profit from selling in the holidays. Wherever you are in the world, online retail sales skyrocket in October, November and December. In fact, over the last 5 years, Americans have said they expect to spend an average of $828.60 on Christmas gifts. Even now with a slower economy eCommerce sales continue to boom, and there has never been a better time to discover how holiday selling works. Read on to get clued up on the best way to approach the upcoming season! WHAT THIS EBOOK COVERS Section 1: The Perfect Start for New Sellers Get super basic information for new sellers such as an introduction to eBay, how to make your first listing, and a few basic selling tips. If you are new to eBay, this will help to answer some of your questions and make you feel more confident about taking a leap into the online world of retail. Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo Section 2: Step By Step Guide to Profiting This Christmas Get your stepbystep, monthbymonth Christmas Countdown. This tells you everything you will need to do (starting today!) to get you on the road to making the most out of Holiday selling. Section 3: Beginner and Advanced Sales Tips To Boost Your Sales eBay and other online marketplaces are noisy at Christmas, so how can you ensure your listings stand out? You’ll hear from experts including selling guru, Marc Ransom. We’ve broken this section down into Beginner and Advanced sub sections so there is something new for everyone to learn. Section 4: Find your Niche (Or Niches) To Sell These Holidays In our final section, we play Santa Claus and give you the ultimate gift by spoonfeeding you with some great niche items to look into for holiday selling. We’ve done our research on these products and have found there is plenty of room for you to turn them into moneymakers. You’re welcome! SECTION 1: The Perfect Start for New Sellers What is eBay? (Super Basic Information for All Our Beginners!) eBay.com is a website that acts as a platform for anyone to quickly and easily sell stuff online. With local sites in more than 30 countries, eBay is arguably the world’s most widely recognized online marketplace and place for buyers and sellers to get together and trade almost anything. Here’s a quick overview of how eBay works: Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo ● A seller creates an account and fills in eBay’s selling form to list an item for sale on the eBay site. This could be anything from cosmetics to cars or books and electronics. The seller chooses to accept only bids for the item (an auctiontype listing) or to offer the Buy It Now option, which allows buyers to purchase the item right away at a fixed price determined by the seller. ● In an online auction, 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. ● In a Buy It Now listing, the first buyer willing to accept the seller’s price gets the item. Who uses eBay? eBay knows no boundaries, anyone and everyone can get on board; young and old, computer whizzes and computer fizzes, millionaires in New York penthouses and handicraftsmen from the highlands of Nepal. Buyers and sellers alike visit eBay to go beyond the limitations of conventional retail experiences. eBay benefits both parties by eliminating many overhead costs faced by brick and mortar businesses such as rent and electricity costs. This means that buyers can get what they are looking for at a cheaper price and sellers can make a better profit, all from the comfort of their own home. What can I buy and sell on eBay? The possibilities are endless. The first ever item to be sold on eBay was a broken laser pointer which sold for $14.83 and was bought by, of all people, a collector of broken laser pointers! Clothing, electronics and baby equipment are among the most popular sellers but all sorts of weird and wonderful items have appeared over the years including a ghost in a jar and the meaning of life. Really, the question you need to ask is what can’t you sell on eBay! eBay restricts and prohibits the sale of all items that are already restricted in everyday retail such as tobacco, Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo alcohol and adult only material. Other restricted and prohibited items include: ● used underwear ● used cosmetics ● food and health care items ● pharmaceuticals ● electronic surveillance equipment ● government ID’s, documents and licenses and uniforms It’s important to fully understand the restrictions on the product you are looking into selling before you make any purchases. Check out eBay’s complete list of restricted and prohibited items to find out more details. How to set up an eBay auction eBay is very userfriendly for new sellers. It has many great tools to help you make great listings and get the best price possible. Start by visiting eBay’s selling homepage and using their great What’s it Worth? tool. With What’s it Worth?, you can enter information about the item you are selling and find out the average that it sells for on eBay. This information is very valuable for ensuring that you get the price you deserve for the item, Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo and also for making sure you aren’t wasting your time with a high reserve that is turning off potential buyers. Additionally, you’ll soon discover that some items just aren’t very popular and are a waste of time to try and sell; while others are all the rage and draw interested bidders within a few minutes of listing. Your stepbystep guide to your first eBay listing 1. First, select which category your item will sell in. To do this, you can either browse through categories or enter keywords into the ‘finding a matching category’ search bar and eBay will generate results for you. For example, if I want to sell a collectible Michael Jackson keychain, I will enter ‘collectible key chain’ into the search bar and eBay will generate search results for me to choose from, such as car parts, clothing accessories, and collectibles. I’ll choose collectibles as it is the most important part of the keychain is that is a collectible item. Which category you select will determine what options you have next, but you will normally have to: 2. Choose a title. Think carefully about the keywords you want to use and remember that great listing titles will not only get buyers interested, they will help to push your listing to the top of potential buyers search results. You can only use 80 characters in your title so use them wisely! 3. Take a look at the Item Specifics options. Buyers use Item Specifics to refine their search and locate items they want faster by eliminating criteria they don’t want. Here you can check the ‘New’ if your item is in brand new, unused condition, and enter the ‘Type’ of Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo product you are selling, using eBay generated suggestions. You can also select your own Item Specifics. 4. Bring your item to life with pictures. I can’t stress enough how important great pictures are for your listings! It is imperative that you do your item justice by taking good quality pictures that show the features of your item. Check out our tips in Section 3 for a howto on taking great pictures. 5. Describe what you are selling. Give as much information about the item as possible. Tell buyers the measurements, condition, faults or imperfections, brand name, age and warranty information. Before you list an item, check at least 5 others selling the same thing to get an idea of how best to describe the item. It’s a good idea to look through eBay’s completed listings (under advanced search, on the right of the search toolbar) to see what listing’s were successful and sold (listed in green under completed listings) and which didn’t (listed in red). Think of a description as an opportunity to show potential buyers how great your product is. Show them how they can use it, how buying the item will solve a problem for them, or fill a need they might have. 6. Choose whether you would like a Listing Designer to give your listing a little color and flair to your listing, and select if you would like a Visitor Counter. We don’t really think the Listing Designer is worth the money though, so feel free to skip this! Once you have refined your product range and made a nice profit, consider having a listing template custom made for you. Visitor counters are best left for very popular items which Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo will attract plenty of views. 7. Choose how you would like to sell your item, either as an Online Auction (great for items which have an uncertain value or are in high demand) or as a Fixed Price listing (great for items which are an obvious bargain which you want to sell quickly), and whether you will allow sellers to send you their best offers for you to consider (highly recommended for appealing to as many buyers as possible). 8. Select the quantity of the items and the duration of the auction. 9. Enter your Starting Price and/or Buy It Now. 10. Select your auction length. You can choose between a 3, 5, 7 or 10 day listing. I recommend a 7day auction as it gives buyer plenty of time to find your auction and of course, the more people who see it, the more bids you will get! 11. Confirm how you would like to be paid and which shipping options you will offer such as international, overnight courier etc 12. Click Continue and preview your listing. Click Edit Listing if you need to change anything 13. Click List Your Item to post your listing on eBay! After making a few listings, the process becomes second nature and takes only minutes. Plus there are plenty of ways to speed up this process even more by using listing software such as eBay’s free Turbo Lister tool. Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo ESSENTIAL SELLING TIPS FOR NEWBIES Tip #1: Keep a strong focus on customer service. This will encourage both positive feedback and repeat customers. Good customer service means prompt (same day) replies to emails, prompt shipping, and keeping your buyers uptodate at every stage of the buying process. Ever wondered why when you are waiting in line at theme parks, there are markers to tell you how long you have left to wait before it is your turn on the roller coaster? It’s because when people know how long they have to wait, they have certainty. And certainty gives them confidence in the roller coaster of selling online and the company operating it. It’s the same for your buyers – they are anxiously waiting to receive their item from you, so take time to let the buyer know when you have received their payment, and again when you have sent out their item. This way, they have certainty about how long they’re going to be waiting for their item. And certainty gives them confidence in you and your business. Tip #2: Familiarize yourself with shipping costs. You can find basic information on shipping and helpful calculators at the United States Postal Service site. With the information you can find on the site, you can make your own database of prices for each item you are selling and easily refer to it when listing auctions. This is an important step to make sure you are not losing money on shipping costs. Another tip is to take a look at what your competitors are charging for postage and to sell a few things from around the house to get you used to the time and logistics involved with shipping. Tip #3: Pay attention to other costs involved with selling. This is where a lot of eBay sellers go wrong. It’s vital to know the real cost of selling that Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo DVD or bracelet so that you can be certain of how much money you are making from it. ● Are you a rural seller who has to drive to the post office in town every other day to ship items? ● Are you spending a lot on bubble wrap or other packaging? ● How much time is it taking you to list each item? Keep track of all associated costs and divide them up between your items to find out the real cost. This can be an involved process but is worth it to know how your prices match up with your profit. Check out online shipping calculators such as USPS’s ones to give you an idea of shipping costs on items before you buy them. Tip #4: Get set up to receive payments. Ultimately you should aim to have a diverse range of ways to pay, but to start out, it’s best to go for popular and secure methods such as PayPal or Paymate as these offer the buyers and sellers some level of security and are very popular among buyers. eBay requires sellers to accept PayPal, ProPay, Moneybookers, Paymate, or Internet merchant credit card payment options in most categories. 10 Other Places to Sell Online Although eBay is one of the world’s largest online marketplaces, it’s certainly not the only place to sell. There are now dozens of excellent auction and classified sites, all with their own unique selling points. Lots of sellers choose to sell on a few different sites, especially over busy periods like Christmas, in order to get maximum custom. Site Unique Selling Point Traffic Rank* Fees Best for... Addoway.com Strong selling commu nity and growing numbers of sales 135,232 Free to list, low final value fees Sellers looking for a supportive community Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo Bonanza.com On Bonanzle, if a buyer sees one of your items, they'll also see up to 10 of your other listings too! 8,343 0.50c minimum fee then 1.55.9% fees based on your selling price Those with a diverse product range. Etsy.com The place to buy and sell all things handmade 189 $.20 to list an item, then 3.5% final value fees Crafty types to make some cash from their creative talents. Amazon.com America’s largest online retailer 6 Pay a referral fee of 625%, a variable closing fee and a fixed fee of 0.99 cents. Ouch! Those selling items other than books and DVD's which have very high FVF’s. Craigslist.org A network of online statetostate communities featuring free online classifieds 45 Free posting options Excellent for secondhand items. Especially popular in the US. Ruby Lane Marketplace that gives you your own storefront 21,882 Listing fees from $0.30. Store fronts from $30 per month Sellers of antiques, collectibles and jewelry SaleHoo Stores Start your very own online store in just minutes no technical knowledge required 19,177 From $27 per month with no hidden fees. Cancel at any time If you want to build a business and really grow an asset. Learn more here *Alexa traffic rank is based on using a combination of average daily visitors and page views over the last three months. The lower the rank, the more hits the site gets. For example, Google.com has a ranking of 1. Local sites outside of the US Quicksales.com.au, Australia. The second largest auction site in Australia, making it eBay.com.au’s biggest competitor. Bazaario.com, Canada. North America’s online marketplace. Similar format to eBay in that it offers sellers options for having their own stores. UK version coming soon. uk.eBid.net, United Kingdom. One of the largest in the UK, offers zerofee auctions. Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo Trademe.co.nz, New Zealand. TradeMe is New Zealand’s second most visited site outside of Google.co.nz and is the largest Internet auction site operating in New Zealand. SECTION 2: GETTING STARTED ON YOUR HOLIDAY SELLING The first thing you need to understand is that the time to act is now! The longer you can have your products online and available, the better. There are plenty of ridiculously organized Super Moms out there who have all their shopping completed by mid October. Meanwhile, some do a last minute maddash on December 24th, so to make sure you can appeal to everyone, get in early. NOW THRU SEPTEMBER: MARKET RESEARCH This part is vitally important to the success or otherwise of your business. Many first time Christmas sellers have one thing in common: they fail. Often, this is not because their prices were wrong or because they charged too much in shipping, it’s because they were too lazy to do the groundwork. Researching your ideas is so important there is no point selling something that thousands of other people are already selling nor is there any point trying to get people to buy something that they don’t want. So to avoid unwillingly becoming a member of the Failure Club, put your research hat on and get busy. Here are our 5 steps to coming up with a bunch of great ideas for things to sell: 1. What’s on your own Christmas list? Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo First of all, you must come up with a few ideas about what to sell. An easy way to start is by thinking about gifts that you would like to see under the tree with your name on them. Chances are, there are plenty of others out there who would want those things as well! Selling things you are interested works well for sellers because when it comes to Q&A time with buyers, you will know your stuff. Beyond that, the old saying that goes something like “if you love what you do, you will never work a day in your life” is true, and when things get really busy closer to Christmas, you will be living and breathing the products you are selling so it really helps to be interested in them. 2. What are the trends this year? To find out what the hot trends are this year, check newspapers and magazines. These publications regularly compile lists or write stories about hot gift ideas. If lots of people are reading about these, it’s highly likely they’ll be looking to buy them online too. For example, backyard gardens are increasing in popularity due to a mix of events and trends: the recession, interest in the environment, and organic produce. Articles about DIY gardens, nodig gardens and growing vegetables as pot plants have been in lots of magazines and newspapers this year. However, don’t get overexcited by blogs and online articles in places like EzineArticles.com telling you about the latest hotselling toys – they often have an agenda of their own. Plus these ‘hottest’ products can be very hard to source and are extremely competitive. Sure, you can camp outside WalMart all night to be among the first in line to get the toys, then list them on eBay for twice what you paid it’ll make you a quick buck, but it’s not a sustainable way to make money and you are better off looking into something that can benefit you long term. Here are two easy ways to get the lowdown on the hot trends for this year: Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo 1. Google the name of your interest followed by the year – e.g. ‘home décor tends 2013’. This should bring up tons of articles on all the hot sellers. 2. Try searching YouTube for ‘trends 2013’. This will give you a bunch of fantastic videos on all the hot trends right now. A few of the biggest trends this Christmas are: ● For kids: Organic toys; dog/puppy toys and movies; newrelease movierelated items (The Croods, Jack the Giant Slayer, Escape from Planet Earth, Epic, The Smurfs 2). ● Fair trade gifts. ● Macaroon and whoopie pie baking kits. ● Organic/ecofriendly gardening equipment, e.g. organic cotton gardening gloves. ● Bikes. ● Clothing and accessories: Vintage and glam styles are hot right now ● Music, especially guitars of all kinds for kids and grownups. ● Crafts and DIY. See our Niche ideas section for hot trendrelated products to sell. Hot tip: If you have an existing business, you can ask your supplier what the best selling products are this year. Easy! If you don’t have a friendly supplier on hand, check out some of the trade magazines available on TradePub.com. 3. Focus on one demographic Break down the demographics and look at how these trends could apply to different markets. Here are some different markets you could target: Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo 1. Homemakers & hosts looking for holiday decorations & accessories like catering equipment etc. 2. Parents looking for children’s gifts (a huge market, kids are definitely the ones who get the most out of Christmas, just look at how many presents you got when you were 9, compared to the couple you get now!). 3. Corporate Christmas gifts. 4. Women looking for gifts for dads, boyfriends. 5. Men looking for gifts for wives and girlfriends. 6. People on a budget looking for gifts. 7. People looking for luxury Christmas gifts 8. Environmentally and socially aware people looking for ecofriendly or freetrade gifts. 9. Shoppers! People also buy stuff for themselves when they get caught up in gift buying! Hot tip: Type ‘Christmas gift’ and ‘Holiday gift’ into the Google keyword tool and look at all the related searches. Remember: It’s ideal if you can think of a really narrow niche to make money from – e.g. organic women’s sleepwear. It’s much easier to set up a business on a budget if you focus on a single deep niche rather than going wide. Once your business is established you can look at building up your range. Once you have come up with a few ideas, you need to find out how much of a market exists for them. There are some great, easy to use tools out there which make this much easier than it sounds by analyzing data from past auctions. Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo 4. Find products within the trends to sell to your hungry market You can do some helpful research just on eBay’s site alone. Start on the homepage and click the Advanced Search option right next to the search tool bar. Next, enter keywords for the product you are searching, select a category and check the Completed Listings box. Then click the search button and eBay will generate your search results. The prices written in green represent the listings which sold, while the ones in red show the Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo listings that did not. Go through at least 5 pages of results and compare the number of green listings in relation to the red listings. What you are looking for is products which have a much higher ratio of green to red listings. When you find a product which has more than 60% sellthrough rate, you can be fairly certain that product will sell well on eBay. The easiest way to do this is to scroll right down to the bottom of the page and check that 50 items show per page, then go through and count the number of green listings. When you get to the bottom and have counted at least 30 (60%) green listings out of the 50 listed, you have found yourself a little goldmine! Take notes about average selling price – this information will be invaluable when you are looking for suppliers. OTHER MARKET RESEARCH TOOLS SaleHoo’s Research Lab SaleHoo’s own Research Lab is free for all SaleHoo members to use and offers upto Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo date information on selling opportunities on eBay. It provides data on current eBay prices, sell through rate, and even the best time of the day and day of the week your listing will sell best on. If you are still having problems channeling your inner entrepreneur and finding something great to sell, check out our helpful list of niches in Section 3 of this eBook. SEPTEMBER: PRODUCT SOURCING Carefully consider which type of supplier you use for Christmas You have a range to choose from: wholesalers, manufacturers, wholesalers offering drop Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo shipping services and liquidators. Each supplier comes with their own pros and cons so we have put together a little guide to help you decide the right type of supplier for your holiday selling. Drop Ship Wholesalers When wholesalers drop ship, they send the product directly to your buyer from their warehouse, so that you as the retailer do not have to store stock on your premises or prepare and package it for shipping. Pros ● The payasyousell system means there is very little risk in losing money •You don’t need to find any space to store the stock ● You won’t have to do any packaging or shipping ● Great for products with lowvolume sales and high profit margins ● You can offer your customers a wider product range Cons ● Your profit margins will be low as wholesalers must charge more for drop shipping services ● Delays in delivery should be expected, and therefore so should complaints from buyers who are wondering where their item is, therefore: ● Sellers who are drop shipping will have to finish Holiday selling much earlier than those who buy items in bulk and ship them themselves ● Most dropship sellers will run into problems when their supplier suddenly runs out of stock and are forced to put the item on backorder which can lead the buyers to cancel the sale (wasting their time and yours and possibly leading to bad feedback being placed) Liquidation Supplier Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo A liquidator buys huge amounts of stock from (a) closeout sales which occur when a retailer goes out of business and (b) large department stores with leftover stock they can’t clear, or returned/ damaged items. Pros ● You’ll get supercheap stock Cons ● You’ll have to buy in bulk, possibly by the pallet load ● Your order may include returned or damaged items ● Your order is likely to be made up with stock that did not sell in store so you might just find yourself with a bunch of stock that will be very difficult to shift Manufacturer A manufacturer is a company that produces the product from raw materials. Pros ● You’ll find the lowest possible prices when you deal with manufacturers ● Great for bigtime sellers who are ready to make a large order Cons ● You’ll be playing with the big boys when you deal with manufacturers; they are likely to laugh at anyone who requests an order for anything under 1,000 units. Wholesalers Wholesalers buy products from the manufacturer in large quantities and make money by selling smaller lots to retailers. Pros Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo ● They are the closest most sellers will get to the manufacturers prices ● They are used to dealing with smaller retailers and online sellers and often have advice or userfriendly processes for smalltime or new sellers Cons ● Sellers need to be able to provide a business registration number and tax identification ● They prefer to deal with established businesses that can be relied upon to place orders over their minimums MultiSourcing Consider multisourcing by mixing ‘n’ matching suppliers to get a good range of stock to supply your business. And if you do end up with a bunch of stock you can’t sell, try listing it as a wholesale lot on eBay. Many sellers have successfully used this technique to get rid of dead stock! WHERE TO FIND FABULOUS SUPPLIERS FOR CHRISTMAS The SaleHoo Directory It’s the most reliable source for finding suppliers. We have a team who are dedicated to finding and bringing our SaleHoo members the best suppliers on the net. We have strict criteria and standards that must be met before they can grace the pages in our directory which makes it safe for you to deal with every supplier in our directory. If you’re not already a member of SaleHoo, join now and meet over 8,000 trusted suppliers Using the SaleHoo Directory is simple, just enter keywords related to the product you are looking for and select whether you to want search for all suppliers, drop shippers only, Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo wholesalers only, liquidators only, manufacturers only or perform an advanced search (where you can specify the location of the supplier and where they can ship to) and hit the Search SaleHoo button! You’ll be presented with a list of trustworthy and well established suppliers. Select the suppliers you want to check out from the search results to read more about them and visit their website to view their product range. Think Locally When you are looking for a local supplier, check out the Yellow Pages for wholesalers in your area. Watch out for liquidation auctions by checking newspaper classifieds or go along to yard sales and thrift stores. This is timeconsuming, but lucrative for highreturn items like used clothing e.g. you can often source a dress for US$0.50 at a thrift store and sell for $35, so that’s enough profit to cover your time. Attending trade shows will give you a good idea of what is up and coming for the new year or season. Importing If you are new to buying wholesale and/or selling online, just before Christmas isn’t the best time to experiment with importing as you run the risk of products from overseas being Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo either delayed in Customs, or victims of overstressed courier companies! While experienced sellers aren’t immune to issues with Customs, they know to import earlier for Christmas and are likely to know how to deal with such any potential ‘situations’, and can make up for lost time when their stock does arrive more easily than new sellers. If you know what you are doing, you may already be setup with your supplier if you are planning on selling the items you sell yearround; or you might be on the hunt for a new one to get your new niche up and running. Either way, when it comes to holiday selling, there are a few important things you need to keep in mind to make sure things run smoothly for you and your customers: Tips On Dealing With Suppliers This Christmas ● Make sure you give yourself and your supplier plenty of lead time to get the deal sealed and your shipment sent. If you are importing from overseas, make sure you allow time for possible delays with Customs who are extra vigilant during the holidays. ● Consider using multiple suppliers to avoid total reliance on one supplier. This will help to guard you from issues with shipping delays and back orders. Use the cheapest and most userfriendly one you can find as your primary supplier and anyone else as a secondary, backup supplier. ● If you are drop shipping, it’s important to keep some stock on hand to avoid lost sales from back orders which are more likely to occur when suppliers are overloaded with orders during the holidays. ‘But that defeats the purpose of drop shipping!’ I hear you say, but it is better than losing sales altogether. ● Keep in touch with your supplier. If delivery is running a little late, give them a call and see how they are getting on. They may need more information from you about Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo your order and just haven’t quite found the time to call or email. Remember to be polite and understanding with them, it’s imperative that the two of you work together so that you can both succeed. Keep in mind that your supplier is probably doing everything they can to satisfy your requests, as it is in their best interests to build a great relationship with you now, so that you can benefit from each other for years to come. ● Christmas is a testing time for sellers and suppliers alike and can really make or break a business relationship. If you are pulling your end of the bargain, but they are not fulfilling theirs, you will soon see their true colors shine through and will be able to decide whether it is a relationship worth holding onto for next year, or if it is time to move on to find a new supplier. Avoid Christmas Supplier Scams! If you are looking for a new supplier, you need to be very wary of crooks who crawl out from the Underworld to get their notsofair share of the Christmas pie by doing what they know best; scamming the vulnerable. Even the most seasoned sellers are not immune to phony online suppliers so to help you stay safe, follow these smart productsourcing steps: How to find who’s naughty or nice: 1. Check for safe payment options such as PayPal and secure credit card options. These provide you with some security. Suppliers who insist that wire transfers is their only way of receiving payments put the lie in supplier and should be considered as highly likely to be illegitimate. Don’t simply check for PayPal or other payment service provider’s logos. Some sneaky suppliers simply use these to fool sellers into thinking they have them as an option but will only accept a MoneyGram or Western Union transfer 2. Check out the supplier’s contact details. If they only supply a mobile phone Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo number and a wacky email address like [email protected] or [email protected], then you should proceed with caution 3. Take a closer look at their site. Most reputable and longrunning suppliers will have invested in a great web site with great branding and consistent use of company colors. Sites which rely on pornographic advertisements to pay for their bills are probably run by crooks who have no established supply relationships to pay for a proper company website. 4. Test them by calling their numbers on their web site. Listen carefully to how they answer the call. If they answer with a simple “yes?” rather than a more professional, “Mid West Gardening Supplies, Dave speaking?” you might be on the phone with a genuine fraudster! 5. Search through the SaleHoo forums to see if their name shows up anywhere. You might be able to talk with a fellow member to get advice on your potential supplier. If they show up in our Name Them! Shame Them! Thread which we set up to expose dodgy sellers, steer clear! If it all gets too much, just join SaleHoo and remove the headache from wholesale buying! OCTOBER: GET LISTING! As soon as your stock arrives, you will need to sit down and get stuck into getting your items online and testing what sells well. Then you will have time to refine your range and iron out any supplier problems before the main rush. The sooner you start this the better. During the Christmas rush, you might need to defer from your regular listing style. Christmas is a busy time on eBay and buyers are looking to get great deals quickly. Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo Make sure you make the most of this busy time by carefully deciding which listing style will suit your audience better, although it’s a good idea to mix it up a bit, whatever your niche. For example, Buy It Now listings will become really important from December onwards when people need to buy items quickly. Keep auctionstyle listings for items you have that are difficult to price or that are highly sought after, such a collectibles or hotselling trend items. Shape up your shipping Christmas is not the time for sloppy shipping: Be clear about postage times in your listings and give your buyers’ confidence that they will get their items in time for Christmas. Don’t forget to allow for delays that come with the postal overload in December. Offering free shipping and free gift wrapping will go a long way in helping to entice buyers (check out discount stores and dollar shops for cheap gift wrap and tape). When it comes time to visit the postal office, plan your visit in advance to help make it as efficient as possible and try to go early in the morning to avoid long queues. Alternatively, send all your mail by courier or registered mail. Lots of items go missing over Christmas – also, it’s easier for you if someone comes to pick up your mail every day rather than you having to go to the post office. NOVEMBER: MANAGING YOUR SALES Things will really start to pick up in November as the world starts to get into Christmas mode and the real rush begins. We have prepared a few tips on dealing with problems you may encounter. Getting snowed under with sales: Things have got to be going good when all you have to worry about is the fact that you have Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo too many sales rolling in! During November, you will be kept busy with listings closing, emails coming in from buyers, shipping out items and relisting. If you find yourself getting swamped with orders (and here’s hoping you will!), you may want to consider investing in some auction listing software such as Auctiva which automates your listings and could help save you a lot of time. It also has some attractive auction templates you can use to give your listings some personality. You can sign up for a free demo trial at Auctiva.com. Get help when you get busy Consider getting some help with answering your emails and getting your items packaged up and ready for shipping. There is a lot of busywork involved with online selling and a lot of bigtime sellers would rather use their time wisely, doing things like scoping new niche ideas or researching better ways to sell online, so why not do the same and leave the unskilled laboring to someone else? Got a little brother at home who is keen to earn some cash? Why not get him to package up all your items for you in advance (just make sure you leave a prototype out to refer to when buyers ask questions) and label them for you so that you can grab them when they are ready to send out later. Struggling students on their holiday break are another great source of people eager to earn some cash. Maybe get them to do your trips down to the post office (just don’t let them borrow your car!). Being messed around by unresponsive buyers The auction is over, you’ve emailed the buyer, but they haven’t responded and it’s now a week later. Have you just been ripped off? 1. Send them a reminder email. Be polite but firm. Remind them of the conditions of the auction, for example: ‘7 days ago you purchased #193849 ‘Rocket Train Set’. I Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo would like to remind you that payment is due for the item within 10 days of auction completion as per the auction description. Please make the payment in the next couple of days or contact me in extenuating circumstances. Thank you’. If they do reply with an excuse for the delay in payment such as illness, or them waiting until their next pay day, give them the benefit of the doubt, but only do this once. Unfortunately there are people out there who will bid on auctions or hit the Buy It Now button without thinking the purchase through. Don’t let these timewasters get in the way of you making the number of sales you want. 2. If there is still no response 3 days later, send a warning email. ‘Payment is now overdue for #193849 ‘Rocket Train Set’. Please put the payment through today using PayPal, or contact me if there are any problems and I’ll be happy to resolve them with you. This is a final warning. If payment is not received today, I will be forced to relist the item’. 3. If you don’t hear from the buyer within 10 days, then you can consider filing an unpaid item dispute with eBay’s Resolution Center. 4. Check back over their feedback and see if they have had any similar occurrences previously. 5. If you still don’t get any response, you can then relist your item or make it a second chance offer. Consider blocking the nonpaying ‘buyer’ to prevent a repeat offense. DECEMBER: PREPARING FOR THE RUSH Be prepared for the problems you might face such as when the crazy customers demand a refund, then realize they don’t have time to get a refund and get another gift in time for Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo Christmas. This is when their true colors will shine through, and so will yours it’s the ultimate test in problemsolving! The best prevention for having to deal with returns is to describe your product honestly and with as much detail as possible. But when problems do strike and someone does demand a refund or a replacement a few days before the final cutoff for postage, act quickly. The last thing you want is negative feedback being placed claiming that you ruined their Christmas! This is a terrible look for any seller, even if it is something that is beyond your control such as mishandling by the shipping company. Breakages in shipping are a part of online selling and there are some avenues you and your buyers can take to deal with breakages (plus insurance is a big help); but during the Christmas rush, breakages and mishandling are even more common due to the huge volume of items being shipped around the world. Shipping Blunder Case Study When Shawn from Idaho sent out the last of his Christmas orders last year, he was ready to sit back with a hot mug of eggnog and make the most of the festive vibe. Too bad that two days later, he received an irate email from a buyer who was very upset about the state of the perfume he bought for his girlfriend. It turned out the bottle cap was smashed and the box had been demolished by some lessthanthoughtful handling by the courier. Not wanting to ruin the buyer’s Christmas by not having a great gift for his girlfriend, Shawn got to work and marched down to the post office armed with another bottle of the same perfume wrapped up in 2 feet of bubble wrap, and got it sent out by overnight courier to the nervous buyer. Normally Shawn would ask the buyer to return the damaged item before sending out a new one, but in the spirit of Christmas, he took the buyer’s word for it and sent out a replacement right away. Although it cost him, he got some great feedback from the buyer and received the damaged perfume bottle in early January and was able to claim for Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo insurance. Know when to stop Final shipping dates for the holiday season will be made available by UPS and courier companies closer to December. Use these dates to help you plan when your last set of auctions will finish. Make sure you give buyers at least 24 hours to make payment. If you are running an ecommerce site, put a banner on your homepage stating the cutoff point for all items that need to be shipped in time for Christmas. Cashin on Boxing Day boredom by being ready and waiting with plenty of listings ready to go. Consider short auctions and plenty of Buy It Now bargains. After a big day of socializing with the family and overeating, people tend to have a chillout day on Boxing Day. So when it comes time for them to logon, make sure you are ready for them and their money they were gifted from their Aunt from Oklahoma! JANUARY: DON’T SLOW DOWN YET! After all the hype and craziness of December, you may be feeling a bit over the Holiday Season... but for us sellers, it’s not over yet! Plan ahead for next year by using some of your profits to cashin on the January sales. Most Christmas products have extremely high markups. An 8foot Christmas tree that will set you back US$100 in December will be reduced to something like US$10 in January. Many large stores go from a 100% markup on Christmas stock to cost price + 15% after Christmas, meaning you can get some great bargains to put away for selling next year at a tidy profit. Once again, don’t necessarily shut up shop and go on holiday in January. There are a Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo significant number of people eager to spend their Christmas money during this month, plus quite a few selling all their unwanted gifts and exchanging them for things they really want! SECTION 3: EBAY SELLING TIPS FROM THE EXPERTS It’s not often PowerSellers and online wholesale experts open up to reveal some of their best selling tricks and tools, but after a little SaleHoostyle schmoozing, we managed to twist their arms! Read on for some great industry secrets. BASIC SELLING TIPS Take great pictures Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo After your item title and listing description, pictures are your most important marketing tools. Great pictures can really drive up the price that bidders are willing to pay, and conversely, really bad pictures can also quickly turn them off. So why are pictures so important? When we buy something, we rely on our senses to determine whether we like it and if it meets our needs. We run our hands over fabric in clothing stores, squeeze avocados at the supermarket, smell food and perfume, listen to the purr of a car engine and sip away at wine samples. However, when we buy online, we can’t do any of those things, we are limited to judging the item by what we can see, which is why it is so vitally important to take great pictures that really do your item justice. 10 easy ways to improve your listing’s pictures 1. Aim for at least 5 high quality pictures per listing (optimum size is between 600x400 and 800x600. These sizes will still load fast, but also give people a large enough size to be able to view the product properly). It’s a fact that items with at least 3 great shots that really show the condition and features of a product sell much better than those that don’t 2. Make sure the color is accurately represented. Taking a picture outside in the middle of an overcast day gives good photo lighting, as does using a photo tent. 3. Make an effort to accurately represent flaws or damage and explain these further in your description, e.g. ‘The stain on the sleeve is not really noticeable, but I prefer to point it out’, or ‘the scratch on the screen will not affect the running of the phone’. 4. Edit your photos. You don’t need to be a Photoshopping pro that can turn flab into abs, just crop out the excess background so that the item is given more focus. Try using a free image editor like Picasa or Gimp Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo 5. Consider getting a professional to take pictures for you when you are selling a bigticket item like a car or boat. Likewise, if you have just bought a shipment of a few identical products, think about hiring a photographer to photograph them for you. If you have need a few photographs taken, this can be very costeffective. 6. Use a plain and uncluttered background. 7. Avoid simply hang clothing items you are selling on a coat hanger! Invest in a mannequin to really show off the items you are selling. You can get these for as little as US$50 on eBay. If you can’t find one online near you and postage will make the price skyrocket, try local clothing stores. They may have an excess of old mannequins that you can buy. Mannequins are so worth the investment as they give buyers an idea of the way the item will look on themselves. 8. Don’t use a flash when you are photographing items made from reflective materials, it will blur the pictures and make it difficult for people to see the item 9. Never use pictures which are blurry. You need them to be as detailed as possible. Blurriness, aside from being awful to look at, can tell buyers that you are trying to hide something 10. Don’t underestimate the importance of good lighting. Lighting equipment doesn’t have to be expensive. More selling tips: Keep buyers coming back with great customer service Communicate with buyers at every step along the way. Let them know when you have received their payment and when you have shipped out their goods. Not only will this give them confidence in you as a seller and increase the chances of them buying from you Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo again, it will help with your feedback score which will definitely help to increase other sellers coming to you. Maximize your Listing Titles’ Keywords The majority of bids on eBay come from searches so it is vitally important to get your keywords right. Keywords are the number one way of driving traffic to your listing, and obviously, the more people who find your item, the more bids you will get and the more money you will make! Top 10 strategies for making your listings titles count 1. Make the most of your characters. Because you only have 80 characters to use in your title, it’s so important not to waste them with pointless words like ‘L@@K’ and vague descriptive words like ‘sultry’ that buyers are unlikely to include in their search. You can go crazy with the adjectives later in your listing description. Instead, use these characters to really describe the item you are selling. Include information such as size, color, the condition it is in and it’s make and model. 2. Start your titles with the most important words. This is called frontloading and is a really basic keyword optimization tool. Find out what keywords your audience uses. This is an important step in finding out how to optimize your title’s keywords. Check Google AdWords, a great tool which records how many searches a month are made for a particular keyword, and will also let you know other related keywords. It’s a brilliant tool for finding out things like whether more people search for ‘Converse’ or ‘Chuck Taylors’. 3. Check your spelling! Incorrect spelling may have got you no more than a frown from your English teacher in high school, but in the world of eBay, it can cost you big time because your listing won’t show up when a buyer searches for the item using the correct spelling. Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo 4. Forget about punctuation (and what your English teacher would say). You are much better off using the characters that would otherwise be taken up with commas and exclamation marks to describe the item. 5. Remember to repeat your keywords in your item description (this helps with your searchability). 6. Proceed with caution when using Caps. Generally, Caps are best restricted to just a few keywords in your title: ‘COLLECTABLE KEY CHAIN Michael Jackson, 1990’ rather than ‘COLLECTIBLE KEY CHAIN MICHAEL JACKSON, 1990’. However, before going ahead, check what your competition are doing: If they are all using lowercase, it’s definitely a good idea for you to use Caps to stand out. 7. Don’t use explicit or profane language. You’ll instantly lose the interest of most buyers. 8. Avoid engaging in keyword spamming. This means you should never use brand names that are irrelevant to your listing to get more page views. For example, listing a purse from KMart and using the words ‘Chanel look alike’. Keyword spamming is considered dishonest practice by eBay and will only frustrate buyers who are searching for the real thing 9. Don’t include words like ‘prohibited’ or ‘banned in 10 countries’, you may scare potential buyers off rather than entice them and you could also attract unwanted attention from eBay officials 10. Consider regional differences in keywords. While some may call a kitchen towel a dish towel, others will call it a tea towel. International sellers must be aware of these Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo regional differences, as well as differences in spelling. Consider investing in eBay Seller Assistant software. During the Holiday Season, you will be much busier with your eBay business than you are used to, so getting some help to ease you through the busy times is a great idea. eBay’s Seller’s Assistant Basic ($9.99/month, most seller’s only need a subscription for December) is designed to guide the mediumvolume seller through the entire process of listing, selling, processing payments and shipping orders. Such tools can be a big help with reminding you of who has paid, who needs a followup email and what needs to be shipped. Seller’s Assistant Pro ($24.99/month) does all these things and more for the high volume seller. You can trial both tools for 30 days for free, so download them now! Design your auctions/ecommerce site well Have you ever clicked on the title of an eBay auction and had to wait over 1 minute for the page to load? Then you find out you have waited that whole minute just so that a bunch of flashy pictures, an overthetop background and some tragic looking clip art could cover the entire page and deflect from what was really important? This kind of auction gets me really angry! Try to avoid all the bells and whistles that some indulge in the average web user has a very short attention span and expects to be able to find information quickly and easily. They won’t delay in moving on to another listing when they don’t instantly find what they are looking for. Auctiva has some well designed templates which follow all the design rules and are free for you to try for 30 days. There are over 1700 to choose from, which means you can have different templates for different products. By all means, give your auction some personality but remember that the design of your listing is nowhere near as important as the title and the item description. If you do choose to add some flair, adopt the KISS (keep it simple, stupid) principal to create streamlined auctions that are fast loading and easy on the eye Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo . Basic things to avoid in your auction design: ● Comic Sans. Love it or hate it, Comic Sans is not the best font for your listing! Comic Sans has been slammed by graphic designers as being bad for readability. It’s also been proven to reduce sales! ● Hardtoread fonts. Use a “sansserif” font like Arial or Verdanna. “Serif” fonts like Times New Roman are easy to read in print, which is why they’re used in newspapers and novels. However, studies have shown they are much harder to read on a monitor. ● Slowloading and irrelevant Flash animations. Giving your buyers a good experience doesn’t have to mean putting on a show. It’s better to be remembered for your excellent pricing and great customer service rather than your latest animated creation. ● Harsh colors which distract buyers. Use colors that are easy to look at and avoid bold colored fonts on a bold colored background – e.g. a red font on an electric blue background is a big nono! Think carefully about the mood you set with the colors you use. Marketing psychology theory tells us that large companies use certain colors to intentionally evoke certain emotions. Gold often appears on champagne bottles because it is the color of wealth. Blue is the color of trust (and the favorite color of the majority of the population) and therefore is often used by service providers like lawyers. Red is the color of risk or danger – it gets our adrenalin pumping, which is why many fast food outlets, including McDonald’s use it to move customers quickly to free up seats in their restaurants. For more information on design basics, check out this Auction Template Help page and eBay’s catalog, which showcases only the very best eBay stores and is a great place to Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo get ideas on how to display your items. Consider the finish time of your auctions Sunday evenings may well be the busiest time on eBay but this doesn’t automatically mean that you should have all your auctions finishing then. You need to customize your finishing time to each product you are selling, as well each target market you are aiming at. For example, if you are selling dolls, don’t have the listing end at 10pm on a school night (the little ladies won’t be up to nag their mom about it!). Also, consider having different listings for the same item finish at different times so that you can catch everyone. For example, last summer I bought a large shipment of mascara and mixed up the finish times so that everyone had a chance at them. I had some finish at 3pm for the stayathomemoms who were taking a break while the baby was having a nap, and some finishing at 8pm during the week so that working professionals could place their bids. Check out tools like SaleHoo Research Lab and Selling Manager Pro which can fill you in on the best finish time for your items. ADVANCED SELLING TIPS Getting traffic to your listings With so many millions of visits to eBay every month, one would think it would be easy to get people to view and buy your items, but unfortunately, that’s not the case. For every visitor, there are dozens of item listings, so to make sure those visitors find your listings, you need to spend some time working on your search optimization. Understanding Best Match Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo Best Match is now eBay’s default sorting tool and because over 80% of all eBay user’s don’t change this default (to sort by lowest price, newly listed etc), it is vital for sellers to understand how it works in order to get maximum traffic. As with the old system, the ending time is still important, but only the pages are ranked by time ending. The results on each page are ranked in accordance with Best Match favored criteria, such as listings with: ● High DSR’s ● Proper use of key words ● Free shipping ● High recent sales scores ● The best pricing ● Buy It Now options ● A high number of bids eBay has announced that price and key words hold the most importance when it comes to ranking well with Best Match, so to make sure you really get the price right, you can use eBay’s What’s it Worth? Tool, which will keep you on track with the average price sold. To get a more accurate idea, you’ll need to spend some time checking out your competitors pricing. It’s really important for your rankings to be as competitive as possible, so look at cutting costs wherever you can to really get the price down. To fit Best Match’s criteria, you don’t need to undercut your competition by much, but if you can beat them and implement all other Best Match criteria, your listings will skyrocket to the top. Best Match loves great keywords Ensure you are using the best keywords possible by using eBay’s Research Lab BayEstimate, a great tool which shows you how effective your keywords are in relation to what people search for. Another trick is to take a look at the keywords that are used by sellers whose auctions rank Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo at the top when you search for your item. Also make you never use spam keywords in your listings to try and attract buyers. Because eBay ranks its listings based on impressions versus sales, keyword spamming just went from futile to detrimental, because if you have a lot of people visiting your listings but not buying, you’ll be penalized with a low ranking. Recent sales scores from fixedprice listings are also really important. The good news is building up your recent sales score for Fixed Price listings is fairly simple: 5 ways to increase your recent sales score 1. List your multiquantity items at Fixed Prices with 30day duration so there’s time to build up recent sales. 2. Use the new “Good ‘Til Cancelled” (GTC) option so your listing will automatically renew for the new low fee every 30 days. 3. If your multiquantity listing sells out or expires, don’t create a new listing just add inventory and relist. 4. When you relist or revise a listing, it’s important to keep your listings the same. If you change the category, title, the item’s condition, or raise the price, you will reset the item’s recent sales, which means they won’t contribute to your recent sales score. 5. For new listings, consider the paid listing upgrades to jumpstart sales. CONVERTING TRAFFIC INTO BUYERS So you won the visitor over with your expertly written, skillfully searchoptimized title and got them to click the magic link to enter your listing. Your next challenge is to get them to go from a browser to a buyer, who falls 100% in love Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo with your item and hits that even more magical button, the one with ‘Place Bid’ on it! Converting traffic into buyers will come through a synergy of offering a great buyer experience (think free shipping and multibuy discounts), great pictures and accurate and thorough item descriptions. Make sure your item descriptions are perfect It’s easy for even the longstanding online sellers to get carried away with more advanced sales techniques and forget about the basics. When it comes to your item description, take time to really critique the way you have written it. You may have written some of the item descriptions you use now six or even 12 months ago and think of everything you have learned since then! Go beyond just giving accurate measurements and color descriptions, and create a preemptive strikestyle list of FAQ’s. This will encourage visitors to bid as it gives them more information about the item and therefore more certainty about making the purchase. You should be able to start a list of FAQ’s straight away, but it’s likely that you will be adding to it weekly when new questions arise. If you are getting into a new product range and want to start a new list of FAQs for the item, take a look at other seller’s listings for the same product and see what questions pop up to get some direction on what buyers are asking. It’s also a good idea to work your Terms of Service into the list of FAQ’s, that way it reads much easier than a list of commands for buyers. Smart FAQ’s eBay has a cool feature called Smart FAQ that makes it easier for sellers to answer common questions. Smart FAQ’s draws live information from your listings to answer the Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo top 20 buyer questions before buyers reach you through the ‘Ask a question’ link. To enable this feature you must: ● Go to My eBay and click ● Site preferences, then ● Manage communications with buyers Use powerful words to unleash your buyer’s inner shopaholic! In the first few sentences of your item description, make use of powerful words to fully engage buyers. The most striking words used in marketing in the English language are: You Money Save New Love Discovery Results Health Guarantee Free Easy Proven These words can easily be integrated into your description to capture the attention of potential buyers. Start with a description of the product and it’s features, including name, make, model, dimensions, materials and details of any special features. If you are selling secondhand items, make sure you give an accurate and honest description of the item’s condition. Then show buyers how to use the product. This might seem obvious, but it really helps them to picture paint themselves in situations where they will use the item. For example, if you are selling coolers, you could remind potential buyers that they can be used at barbecues, camping, when they go to a game or to store their catch when they go fishing. Tell your buyers about yourself Creating a personalized About Me page will help buyers feel like they are getting to know you. An About Me page is a free advertisement for you as the operator of the business. It Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo should be cheerful, personal and free of any pushy advertising think of it as a way to advertise yourself as a trustworthy and legitimate seller, rather than another way to sell your items. Here are a few things to keep in mind when you get started on your About Me page: ● Focus on the area ‘above the fold’ – the screen area that buyers will see before they scroll down. This area will determine whether or not they will actually take the time to scroll down. If you have invested in a logo or branding, this is a great place to use it. ● Start by telling the story of how you came to create an online business, e.g. “I worked as a defense lawyer for 15 years but got tired of the long hours and demanding lifestyle so I decided to be my own boss and sell antique legal theory books on eBay”. Next, get creative and think of a quirky way to tell your buyers a little about yourself, e.g. “5 Things About Me: I can name all 50 states and their capital cities, I can play the trumpet, I share my birthday with my mom, I was president of my fraternity in college; I was 13 when I found out Santa wasn’t real.” ● Show your contact details. Your full name and a contact phone number is essential so that buyers can contact you if necessary. This gives buyers an invaluable amount of confidence in you as a seller and in the products you are selling, because it tells them that you are willing to talk with them if there is a problem. Also include a picture of yourself: it’s nice for sellers to be able to put a face to all those emails. ● Feel free to use your About Me page to showcase other products you are selling, but do this after you have told buyers a bit about yourself. Around Christmas, this is a great way to upsell, by showing buyers gifts you have for mom, for dad, for the girlfriend, for the boss etc. Write eBay reviews and guides Don’t make your customers think about what to buy this holiday season, tell them what to buy! This is also a really great way of getting traffic from Google searches too, especially if Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo you name your reviews and guides well, e.g. “Christmas Gifts for Dad” or “Gifts for Girls Who Have Everything”. Your articles don’t have to be long or sophisticated, in fact, it’s better if you keep them between 300500 words, to the point, and personalized (and remember to cater them to suit your product range!). Keep them coming back for more with great marketing Repeat customers are so important for growing businesses, as they create more business for you not only just by coming back, but also by referring you on to family and friends. A great way to keep in touch with these customers is by setting up an email database and sending out newsletters. Making the database is easy but will take time to build up. If you have an eBay store, it’s easy to create your email database. Under “Manage My Store” you will find “Store Marketing”. Here you’ll find a link for “Email Marketing”. This will take you through the process of creating and managing your newsletters. Just click “Create Email” to get started. Use your emails as a way to tell buyers about: ● Upcoming sales and special promotions ● New items that have just arrived (or are about to arrive) ● End of season markdowns ● What’s ‘hot’ for Valentine’s Day, Mother’s Day, Winter etc ● Anything that might have changed in your store Show your buyers how much you appreciate their business with a little treat Rewarding your customers for their business is another great way to make them remember you and the experience they had buying from you. Your business will really stand out when you include a little token of appreciation. It doesn’t have to be much and it doesn’t have to be relevant to what you are selling to make your customers feel appreciated. Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo A great idea is to include a discount voucher with all shipments. This is a gift that works both ways: you delight your customer and you encourage a return visit to your store or website. Of course, when your business is still new, you won’t be able to afford gifts of any great value, but buyers will still be delighted as this gift is unexpected. It may be as simple as a lollipop or handwritten card. Stick to gifts which are easily shipped with the item and keep an eye out for bargain deals on token items that will make nice little gifts such as: ● Pens ● Key chains ● Magnets ● Calendars ● Gift boxes ● Accessories for the item purchased HOLIDAY SELLING TIPS FROM SALEHOO’S COMMUNITY MANAGER MARC RANSOM Ho, ho, ho! Yes, almost that time of the year once more, and with most of us struggling through a very tough economy over the past 12 months, the festive season ahead gives us an opportunity to get a valuable boost in sales, and a little Christmas cheer back in our stockings! What about offering gift wrapping? Quite a few sales are going to be given by your buyers as gifts, so you could be doing them Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo a huge favor by offering gift wrapping. You can choose to provide it as a value added service when they buy something, or offer it as a free service to encourage the initial sale. What about offering your customer a percentage off their next purchase as a special Christmas offer? You can put a time limit on it to try and create a quick turnover, valid through Jan 29, 2014, that kind of thing. There are no guarantees it will bring the customer back, but if the customer is looking for something you have, the chances are pretty good that they will be back shopping with you inside the special offer expiry period, or they may even give a friend the opportunity. Feel free to email them a few days before the offer expires to remind them to make use of it. Should sellers use a custom HTML template for their listings? If you do, get in the spirit of the season with a festive theme to really highlight your items as gifts. If you aren’t currently using a template, it is a pretty good time of the year to start! If you have a computer graphics program, an old version of CorelDRAW, Photoshop or something similar can help develop a festive template yourself. A really simple idea is to pay around US$25 to get yourself a few festive pictures from a site like istockphoto.com, and get creative in the graphics program you have. Export the images as a .jpg files, upload them to a free site like photobucket.com, then just copy the HTML file into eBay yourself. You will end up with oneofakind listings that will really put your potential customers in a festive, and giving frame of mind, and that means you’ve just increased your chances of a sale, not to mention now having a really cool looking listing! One of the most important things you can do is keep your customer service sharp! Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo It doesn’t matter where customers are spending money, online or off, they always appreciate quality customer service. That means not waiting two days to return an email, getting the order dispatched quickly and so on. Stay on the ball and make sure you are giving the best service you possibly can. It’s not just about product and price good, effective customer service will always increase your chances of not only making an initial sale, but also getting you repeat business! So, just a few tips that I hope can help put some presents under your own Christmas trees this year. Ho, ho, ho! Marc (fudjj) SaleHoo Community Manager SECTION 4: FINDING YOUR NICHE (OR NICHES!) THIS HOLIDAY SEASON Niches are where the money is! If you have never quite understood the meaning of a niche, let me clear that up right now a niche is a profitable segment of a larger, more general market. The best niches are very specific. For example, someone selling sports helmets might do well and will appeal to a keen audience, but someone selling children’s bike helmets will have a more targeted market, which has the benefits of (a) less competition and (b) focused marketing, so less expense. Niches aren’t as difficult to find as you might think, all you need is a hunger to find one and a few hours for research. If you haven’t already, check out our Market Research tips, and remember when you are looking through eBay for item ideas to dig right down deep into Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo the subcategories to find the real niches. CHRISTMAS GIFTS Sporting Equipment Niche Item Meets our selling threshold from eBay completed listings Supplier (requires SaleHoo login. Join now if you don’t have access) Resistance Bands View here Underwater Digital Camera View here Altimeter View here Survival Kits View here *Some listings sold with multiple items Hobbies Hobby Niche Item Meets our selling threshold from eBay completed listings Supplier (requires SaleHoo login. Join now if you don’t have access) Gardening Organic Fertilizer View here Cooking Digital Kitchen Scales View here Music Turntables View here Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo Target Markets Gifts for Niche Item Meets our 55% threshold from eBay completed listings Supplier (requires SaleHoo login. Join now if you don’t have access) listings Guys Rechargeable batteries View here Moms Waterproof Mascara View here Dad Solar Battery Charger View here Brotherin Laws Universal Remote Control View here Girlfriends Quick Dry Nail Polish View here Stocking Fillers Sugar free candy View here Niches just waiting to happen: Christmas Novelties and Decorations It's best to go for products which sell well yearround which will pick up a lot around the holidays but there are many items which are virtually unsellable throughout the year but have a very high demand during December like candy canes and Christmas trees and tree decorations. For example, from around midNovember until early January, holiday and seasonal decor sells very well on eBay when the total listings sold goes from around US$60,000 and skyrockets up to over US$240,000 in December. Things drop off quite Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo slowly though, so don't stop relisting right after Christmas, there are still plenty of bargain hunters around on the lookout for cheap decorations for next year so consider adjusting your prices accordingly. Christmas time, mistletoe and wine: Going beyond what's under the Christmas tree Supplement your product range by selling Christmasrelated supplies that buyers will be stocking up on to get through the festive holiday period. If you decide to go ahead and sell these Christmas items, think of them as a way to supplement your product range, rather than using them exclusively. These items will sell well during the lead up until Christmas but will become virtually worthless right after the holiday season, so take this into consideration when ordering supplies to avoid overstocking. Dinner Table Niches Aside from giftgiving, Christmas Day revolves around the food so don't forget about all those things that get used in the lead up to the big day ● Gingerbread cutters ● Stars and angels ● Christmas tree stands and buckets ● Turkey forks and carving knives – novelty ones will make great gifts ● Champagne glasses Cashing in on Christmas Traditions: Christmas Decorations Tree lights – start selling in November and peak in late December. Sits on a low sell through rate but peaks at around 75% in November and December Christmas ornaments such as tree decorations sell mid year at around a 50% success Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo rate. You can expect this to increase quite dramatically closer to Christmas. To really find your niche in this category, try sourcing vintage Christmas ornaments or vintage Christmas lights which both have a midyear success rate of around 60% which means the sky's the limit come November and December. Disclaimer: The information and data published in this manual is strictly for informational purposes. All above product items are only suggestions for possible products which will sell favorably over the Holiday Season, and should be used as a guide only. At the time of writing, all above products were researched using methods described in this manual and found to be potentially profitable for sellers. All sellers are encouraged to conduct their own market and product research. Well that’s it from us! You’ve reached the end of SaleHoo’s holiday sourcing and selling guide. We hope you have an absolute blast profiting over the holiday season. Don’t forget, if you have questions about anything in this guide, you can contact us on the member’s forum or by emailing [email protected] Not a member of SaleHoo? Join today! Over 92,000 others already have SaleHoo offers you a low risk and safe way of finding and sourcing products to sell online, and provides education for everything else you need to know to be a successful online seller. Join now and try it for yourself it is completely guaranteed, we'll refund you right away if you're not satisfied. 1 year's membership is only $67! Join now Copyright © 2013 SaleHoo Ltd. All rights reserved. No part of this ebook may be used or reproduced without permission from SaleHoo