Podcast Summary
Phillip shares his journey of becoming an accidental entrepreneur and transitioning to selling online. He emphasizes the benefits of specialization and the importance of creating trust on eBay. He also discusses the value of providing technical information in listings and the impact of offering free shipping and returns.
Finally, he touches on the challenges of selling more oversized ticket items. In this conversation, Philip discusses various aspects of selling on eBay and running a web store. He shares his target selling prices and the importance of credibility.
Philip also compares selling on eBay to having a web store, highlighting the differences and considerations for each. He mentions the benefits of eBay meetup groups and provides information on where to find more resources.
Finally, Philip shares his thoughts on what he would do differently as the king of eBay, focusing on improving the buyer experience and addressing the cost structure of the platform.
Takeaways
- Target selling prices on eBay should ideally be between $500 and $2,500, potentially increasing as the refurbished program grows.
- Selling on eBay and running a web store have different advantages and challenges; the choice depends on individual preferences and skills.
- Consider starting a web store when your turnover reaches $50,000 or more, as it offers more control over design and policies.
- eBay meetup groups provide an opportunity to connect with like-minded sellers, exchange ideas, and get answers to questions.
- Improving the buyer experience on eBay should be a priority, with a focus on subjective components and rewarding sellers who delight their buyers.
- eBay should prioritize marketing and product collaboration to ensure the platform meets buyers’ and sellers’ needs and expectations.
- eBay should address its cost structure and consider the impact of increasing fees on sellers and the changing landscape of online marketplaces.
Watch the Podcast
Unlock the secrets to online success and elevate your selling game with the Power Selling Podcast. Join us on a journey where entrepreneurship meets innovation, as we delve into the strategies, insights, and stories of top sellers like Phillip who’ve made their mark in the digital marketplace.
Whether you’re a seasoned seller or just starting out, our podcast offers invaluable tips on specialization, building trust, leveraging technical information in listings, and maximizing benefits like free shipping and returns. Don’t miss out on the opportunity to supercharge your selling journey – subscribe to the Power Selling Podcast today and take your online business to new heights!
Podcast sponsored by List Perfectly! A reseller’s best friend!
