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Download and install the eBay app on your smart phone and you will be able to quickly do research when you're anywhere and you can do it very fast. You should be able to pick up an item at a sale and determine exactly it’s worth on eBay before you even put it down. Veronica and her husband have made a lot of money by using their phone’s capabilities and also have saved a lot of money by passing on items that were overpriced. In addition, they use their phones to post items on eBay directly taking all the requisite pictures with the phone's camera and then uploading them using the app.
The importance of keywords
If you want to pay off your debts by selling on eBay keywords are critical in your listing. You need to use every descriptor word possible in the title of the listing. It doesn't even have to make sense. Beginners tend to post cute titles instead of maximizing their keywords. As Veronica learned when they started using the same jumble keyword titles they got immediate results. With less fluff in the listings and more direct keywords more people viewed their items. They began receiving more bids on their items, which translated into increased sales.
Don't be afraid to let people make money off you
This can be a hard lesson to learn but if you relinquish 10% to 15% of your potential profit and allow someone else to share that profit you will develop happy, repeat customers. Plus, you will turn your inventory over quickly and you can then buy new inventory with the profits and do it all over again. There is a basic principle at work here called the opportunity cost, which is when you have an item for such a long period of time the cost to inventory it becomes greater than the extra few percent of profit you would earn. Here's an example of what this means. Suppose you find a designer bracelet at an estate sale for a few dollars and find that it's selling on eBay for over $400. In this case if you posted the bracelet for $350 you would probably sell it within a few days. In comparison, other sellers might re-list the same bracelet at higher prices but end up sitting on it for weeks. The most difficult part of this strategy is letting go of the idea that you need to get the maximum value out of everything. Veronica's advice is don't be greedy. You'll be a lot more successful over time if you allow others to share some of the profits.