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Starting an EBAY Handbag Buisness

by: mill-hill-bill( 514Feedback score is 500 to 999)
7 out of 7 people found this guide helpful.
Guide viewed: 809 times Tags: handbags | inventory | pricing


The purpose of this guide is to help you set up inventory, list, price, and market a new EBAY handbag buisness. If you enjoy shopping, turn your vice into a money-making venture! Here are a few pointers to get you started:

  • Your first inclination will be to buy only what YOU like. Remember, you have a HUGE audience with EBAY. A good handbag inventory will include all price ranges and brands.Just make sure the quality is there.
  • Buy in multiples - if its a good sale, don't be afraid to buy more than one of the same item. Just make a template, and listing your duplicate item is as simple as clicking on the "sell similar item" button.
  • Take advantage of EBAY listing sales. I just listed 23 handbags for 10 cents each!
  • Take advantage of Second Chance Offers. If you buy in multiples, you have the opportunity to make a second chance offer to a non-winning bidder. It saves you money (only one listing fee) and time (just describe the item once). You just have to pay the final value fees.
  • Make your offer a win-win proposition. Here's an example: you buy inventory at a discount from a department store. Just like any other fashion item, the store needs to sell at discounts to make room for new inventory. I usually buy my handbags at end-of -season deep discounts. A bag with a $150 manufacturer's suggested retail price (MSRP) is on sale for 50% off 50% (or $37.50). I offer the bag on EBAY for $50 - a savings of $100 to the buyer and a profit of $12.50 for me (not counting EBAY fees). Doesn't sound like much? Consider this: if your bag is priced right you will have multiple bidders and a higher profit margin. Plus, you get a reputation as a good seller. With volume, this adds up!
  • Gallery list -for 35 cents your listing has a photo that attracts more buyers.
  • Photography - check out the EBAY tutorial on how best to photograph your item. Keep it simple. Natural light is best, using a plain back drop. The customer doesn't want to see your flower arrangement - just the product.
  • Take pictures from multiple angles to show front, back, sides and brand name insignias. It costs jst 10 cents for each additional photo.
  • Packaging - pack like a pro. Get free EBAY-branded boxes from the Shipping Resource center. I wrap my bags in white packing paper, available from a hardware store or EBAY. I print my address lables from the computer - no handwriting - for a more professional look
  • Don't keep the customer waiting - ship fast and answer emails quickly. Be accessible to customers.
  • Returns. Would you buy something you've never seen, knowing you couldn't return it? Offer to accept returns if tags are still intact and the item has not been used. I make it clear that I do not refund shipping charges. You may find that when you re-list the item that it sells for more than the original offer anyway!
  • Invest in an EBAY store  - low cost, better exposure.
  • Good luck on your new EBAY buisness!

Guide ID: 10000000000939902Guide created: 05/13/06 (updated 09/23/08)

 
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Related tags: inventory | handbags | pricing

 


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