Friday, 13 June 2014
Artists, craftspeople and photographers are successfully selling their
wares everyday on the online auction site, eBay. According to a recent
analysis of eBay sales, a crafts-related item is sold every nine
seconds, a scrapbook item is sold every minute, and 40 cross-stitch
items sell in an hour on eBay. Sales of craft items on eBay have grown
almost 60 percent in the past year, according to TheBidFloor.com.
But, at the same time, many would be sellers are listing
their pieces for sale on auctions and getting no bids, concluding that eBay just doesn't work.
Here are some tips from James Dillehay, craft artist, eBay seller and
author of the new book, "Sell Your Crafts on eBay" (Warm Snow
Publishers), on how to profitably sell your wares online:
1. A word's spelling impacts an item's profitability. For example, the
word 'handmade,' spelled as one word, was part of 2,233 auction titles
with an average closing price of $16.29. However, auction titles that
included 'hand made' as two words were found in 1,358 listings, but with
an average auction closing price higher, at $27.81, or $11.52 more
profit per item.
2. Go to eBay.com and find the search box. Type in the word or phrase
that describes your art or craft item. Then scroll down the links on the
left side of the page and click on the link for "completed items."
Here, you'll be able to see the demand for this type of product. Do
searches for your items every two to three weeks to chart buying
patterns.
3. Find out how much people are willing to pay for your wares. Click on
the link that says "highest price." This will give you a list of
completed auctions from highest priced items to lowest priced ones. You
want to know what people are willing to pay for items like yours. If you
can't make and sell your product for a profit, eBay might not be your
marketplace.
4. Determine how much money you'll make on your product. To determine
your profitability, use the cost of your materials plus the cost of your
labor plus the cost of your selling
price, which should be the minimum price to recover your expenses. If it
takes you eight hours to make a piece of jewelry and the highest priced
similar item sells on eBay for $26, you won't make a profit.
5. Look at the elements of successful sellers of products that are
similar to yours. Examine their winning auction titles. Observe how much
detail they use to describe their item. See if the seller used any of
eBay's special features such as gallery photos or a bold, featured
listing. Evaluate the starting price, starting day of the week, and
duration of winning auctions.
For more tips on how to sell your craft items on eBay, consult a
resource book like "Sell Your Crafts on eBay," by James Dillehay. It
offers-more than 200 easy-to-learn tactics and tips that help sell art,
craft and theme-related items for a profit on eBay and on other online
auction Web sites.
Labels: Computer Internet tips
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