After you can increase leads of your auction listing the next task you must do on how to make money on eBay is converting your visitors into buyers. In this guide article you will find out how to make people from simply visiting your auction listings to take action that they will click “buy now” button or at least place a bid.
Let’s we go back a little bit on conversion rates. As I have already mentioned before on other article, conversion rates are dividing the number of sales by the number of leads or visitor to your auction listings. If you can increase your conversion rates, so it means you can successfully convert your visitors into buyers.
Converting your visitors into buyers or boost your conversion rates is one of the points of how to make money on eBay that you can normally achieve with these different methods:
• Provide detailed information of your product.
Keep the quality and detailed of your product information and make sure it is well lit. Not only give the visitor just information but also you have to include great photos for your product information. It will look more professional in customer’s perception.
• FAQ page on future listings.
Adding some frequently asked questions that represent your visitor questions immediately.
• Do not make over-saturating your auction listings.
Instead of listing more than one the product items at the same time, use simple software to instantly relist the items when one are sold if you have several particular items. With this method you can continue the assumption that the item is rarely supply and also at the same time make sales as many as you might can. It’s because people will feel more compelled to take action to buy immediately if an item seems rare or scarce.
• Maintain your feedback ratio high.
Quick respond to customers enquires, shipping your items as soon as possible and immediately money back for unsatisfied customers are ways to maintain your feedback ratio on above average level. The potential customers will trust you further if you keep it above 99{da74ea48cec7d1c659e4125ffe517180d7bd6cbbe5631d32f11d21c45900f39b}.
• Determine a peak visit to close your auctions.
It will sell your items double from normal when you close your auctions at evening instead of morning. After you check where your buyers are coming from then determine the appropriate closing time when most certain country users are online.
• Embedding video for your products.
According to recent eBay marketplace requirements and technologies in undertaking to secure eBay members, sellers may only embed video from Dailymotion, AOL, MySpace, AuctionMercial, Microsoft, Google, CreativeVideosOnline, Silverdock, i2iAuction, AuctionPlayer, AuctionVideo, CarTHINK, Vzaar and YouTube. It is recommended only for Products that have high priced and make steady sales, since video method requires most of your times. Video that are hosted in those sites, according to eBay, must be produced in flash animation format.
• Price your products competitively.
You will probably be competing with others sellers unless you sell one of a kind or collectible products. Price competition is definitely the most important element on how to make money on eBay that will determine whether or not your listings literally sell. It is better that you checking from the “closed” items selling prices on eBay before you sell any item. This can be great clue for you to research whether you can compete in terms of price or not. Only registered users can view closed auctions, so you must register first with eBay.
• Employ BuySafe.
BuySafe is third-party in supporting the items that you sell. It will raise buyer confidence to feel safer making a purchase from you that will increase your conversion rate. With BuySafe bonded items, according to BuySafe testing, sellers will increase their conversion rate by 2.1{da74ea48cec7d1c659e4125ffe517180d7bd6cbbe5631d32f11d21c45900f39b} and revenues by 6.8{da74ea48cec7d1c659e4125ffe517180d7bd6cbbe5631d32f11d21c45900f39b} in overall. Just learn more at BuySafe.com
I recommend you to start to implement these methods on how to make money on eBay immediately. Not only conversion rates you need to increase but also three more profit factors of successful eBay business you need to increase such as leads, margins and average number of transactions per customer. Find out more on my other articles.