While running an eBay business can be a great way to make extra cash, or even to make a living, there are a lot of mistakes eBay sellers make. Here are my top ten mistakes eBay sellers make that will cost you money.
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Video - Ten Mistakes eBay Sellers Make

Transcript:

While running an eBay business can be a great way to make extra cash, or even to make a living, there are a lot of mistakes eBay sellers make. While some of these mistakes are commonly made by novices and new sellers, I also see experienced power-sellers making some of these mistakes all too often. So here are my top ten mistakes eBay sellers make and keep these in mind so you don't have to learn them the hard way, because that will cost you money.

1. Paying unnecessary listing fees.

When listing an item for sale many people will set the minimum price that they'll accept, and usually it's more than $.01, and frequently they don't think about it and they end up paying a listing fee twice as high as they would have had to otherwise.

For example; currently when you start an item on eBay and list it for $24.99, you're going to pay a $.60 listing fee for that auction. If you were to list that same item for $25.00 as the starting price, you would pay $1.20 listing fee for that auction. That's a $.59 difference.

While that may not seem like a lot, that can add up and cut your profit margins over the long term.

2. Not including pictures.

These days, with the cost of digital cameras being so low, there's really no good excuse not to include pictures in your auctions. Now if you're really in a pinch and you're selling new items, at least include one of the stock pictures for that item. But if you don't have any pictures for your items, well, you're going to be missing out on bids.

3. Writing one sentence descriptions, or n descriptions at all.

Even if you think that everyone who's going to look at your item knows what it is and how it works, you don't want to assume that. There may be just one or two people out there that are just browsing around, and they don't really know much about the item. If you actually take the time to describe in detail while everybody else is selling the list with no description, you are far more likely to get that bid, and every bid is valuable when you're selling in an auction format.

4. Not accepting Paypal.

Some people seem to be holding some type of grudge against Paypal or they don't want to pay the frees, or they have their own merchant account and they want to use that. But Paypal is so integrated into eBay now, and so easy for buyers to use that, well, you should really be acepting Paypal on all your auctions.

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