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 start an e-bay business

to start an e-bay based business


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start an e-bay business
Making a profit on the items you buy and then sell on is the very essence of starting an eBay business – there’s no point just breaking even on the goods you sell as you won’t make any money elsewhere. There is no sure-fire way to make a profit, but by sourcing goods at a low price and selling them at the going rate, with prompt delivery, you should begin building up your takings. There are certainly plenty of people out there looking to buy. With 114 million users across the world, eBay offers s large marketplace. “There are 10,000 businesses in the UK selling on eBay,” explains Azita Qadri, the site’s small business adviser. “They are attracted to it because eBay is a ready-made ecommerce solution – everything is taken care of, all you need is a computer and a digital camera. “With the ability to set out your own shop for £6 a month, and Paypal, which ensures payments are secure, the potential buying power is colossal.” Costs It costs 15p to list an item on eBay. The site takes a slice of the selling fee once an item is sold, depending on how much the item is worth. For items under £30, eBay takes a 5.25 per cent share. For goods over £30, the website charges two per cent. Setting up an online shop that displays all of your goods costs £6 a day and the first 30 days are free. Making and receiving payments through Paypal, eBay’s online payment system of choice, also incurs a small transaction charge.


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