|
|
|
Avoiding eBay Scams
Read through this checklist and save yourself time and aggravation. A bit of due diligence will help you avoid eBay scams. Only buy items with photos. The photograph is a good way to insure the seller actually has the item. No photo is a...
Grab More Time For Your eBay Auction
When selling on eBay, time is the one factor that is never on
your side. Obviously the longer your item can stop on eBay, the
higher visibility it receives & the more bids it is likely to
get.
eBay presently offers five different lengths of...
Make Money On Ebay With Public Domain Products
Any Internet marketer will tell you that the public domain is a
goldmine. But if you've only been making money on ebay, you
might not know how to cash in this goldmine.
The "public domain" is the collection of all documents that...
Selling on eBay - Have you found the magic formula yet?
Selling on eBay can be very profitable and a great way to make some cash while clearing your house of unwanted items at the same time. It's quite simple, just describe and photograph your items and seven to ten days later you'll get a payment though...
What are the Best Types of Items to Sell on eBay?
One of the most asked questions I get is, "What are the best products to sell on eBay?"
The truth is that virtually anything will sell on eBay. But it must first of all be realized that nothing can be guaranteed - eBay is after all an open market...
|
|
| |
|
|
|
|
|
|
Used Cars For Sale On eBay
There are thousands of used cars for sale on eBay every single
day. In fact, eBay Motors is the most profitable sales division
on eBay and naturally there are many entrepreneurs who are
interested in jumping into this market. For instance, eBay
claims it sells an SUV every nine seconds and is the biggest
online car dealer in America, exceeding the traditional car
companies. In fact, there are 15 million cars sold over the
Internet each year - and growing.
The recent rapid growth of the consignment business model has
made the used car market even more enticing. Many sellers are
able to sell cars they have never even seen and with no more
risk than the cost of the auction listing. Some negotiators even
persuade the car owner to pay for the ad, thereby risking no
more than their time.
The biggest single issue for this business model is the trust of
prospective buyers. After all, paying thousands or tens of
thousands of dollars for a car sight unseen is an awesome leap
of faith. Even buying for a plane ticket to go see a car before
paying causes buyers to be uncomfortable.
The best way sellers can overcome this fear is to use an escrow
service. eBay has a preferred service, and it's easiest to use
that one.
An escrow service acts as a neutral third party. In an exchange
of merchandise, the buyer sends his money to the escrow service
and the seller ships the product to the buyer. The buyer usually
has two days to inspect his purchase, and if he is happy, he
notifies the escrow company who releases the money to the
seller, minus its fee. If the buyer is dissatisfied, he returns
the undamaged merchandise to the seller, and after the seller
receives his merchandise back (in satisfactory condition), the
escrow service returns the buyer's money. Thus both sides in the
transaction are protected. The buyer almost always pays the fees
for this, although sometimes buyer and seller split the cost.
eBay's offers a "Vehicle Services Division" specifically for
dealing with the used cars, trucks, SUVs and almost anything
else with wheels and a motor. The buyer can request a 160 point
inspection performed before agreeing to the purchase. This is an
inexpensive service and certainly will save the purchaser many
headaches.
* The buyer pays a $125 fee that is non-refundable
* The seller
is contacted and the inspection is carried out * The buyer
receives a report * The buyer chooses to go ahead with the
purchase - or not
Another choice for the buyer is to deposit his payment with the
escrow service and then take delivery of the vehicle. The seller
ships the car after he knows the money his secure. The seller
must provide tracking information, which is then verified.
The buyer has between one and 30 days to thoroughly inspect his
new purchase (the period is negotiated between the two parties
ahead of time). If this time expires and the escrow company has
not heard from the buyer, it assumes he is happy and gives the
purchase price to the seller.
The buyer may return his vehicle if he isn't happy and sometimes
buyers and sellers work out partial payment agreements, the
buyer being satisfied with some parts of the transaction, but
not with others. If a dispute arises, it is settled by the
American Arbitration Association.
The fee for this service is:
* $0 - $7,500 = value of vehicle: $125 * $7,500.01 to $15,000:
$170 * $15,000.01 to $30,000: $200 * $30,000.01 to $50,000:
$275 * $50,000+ = 6% of the value
Once both parties have agreed, the title transfer process begins
and the escrow service will guarantee this too, for a fee of
$95. The fee, naturally, doesn't include any transfer costs - it
is only insurance that the title will be expedited to the
satisfaction of both parties.
eBay's escrow service also offers a service that will ship cars
almost anywhere in the world and will gather an auto history
report to inform sellers if their new chariot has been salvaged
or stolen, suffered flood or hail damage, been in a fire or
accident, has had an odometer rollback or has been used as a
police car, a rental or a taxi.
Anyone considering offering used cars for sale on eBay would be
well advised to thoroughly learn the escrow services available
and offer those to prospective buyers. The trust factor will
skyrocket and your chances of completing sales will dramatically
increase.
About the author:
Learn how to sell on
eBay with 16 hours of online instruction taught by a 10
year eBay veteran. Own an eBay business instead of an eBay
hobby.
|
|
|
|
|
|