Marketplaces
eBay
eBay is a popular online marketplace where businesses and individuals can sell products to a wide audience. It’s great for scaling sales and reaching diverse consumers, but it does come with fees.
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| Utilise customer testimonials to build trust | Sharing testimonials from happy customers can help win over new ones.… |
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| Utilise eBay’s Markdown Manager for sales and promotions | By using eBay’s Markdown Manager, you can easily schedule promotions … |
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Quick Facts
Parent Channel:
Pros
- Wide audience reach: eBay allows sellers to reach a vast and diverse audience globally, increasing potential sales.
- Ease of use: Setting up a store and listing products on eBay is user-friendly.
- Diverse product categories: Sellers can list items in numerous categories, appealing to various consumer needs.
- Promotional tools: eBay offers built-in promotional tools to help sellers boost visibility and sales.
- Trust factor: Established reputation as a reliable platform for both buyers and sellers.
- Auction-style listings: Allows sellers to generate higher sales prices through bidding wars.
- Analytics and insights: eBay provides data and insights to help sellers optimize their listings and sales strategies.
Cons
- Fees and commissions: eBay charges fees for listings and sales, which can eat into profits.
- Competition: High competition among sellers can make it challenging to stand out.
- Policy restrictions: eBay’s policies can be strict, leading to possible account suspensions for violations.
- Dependence on reviews: Seller ratings heavily influence buying decisions; a few negative reviews can impact sales.
- Market saturation: Popular categories can be oversaturated, making it hard to get noticed.
- Variable demand: Demand for certain products can fluctuate, leading to inconsistent sales.
- Limited design customization: Sellers have limited options to customize their store’s appearance.