MoneyMagpie

Apr 18

Mistakes to avoid when selling stuff online

One of the best ways to make a bit of extra cash is to sell stuff online. However, with so many people doing the same thing, competition can be fierce. Moreover, you don’t want to make a mistake that results in your missing out on a good chunk of money or being at loggerheads with the buyer. With that being said, read on to discover some of the most common mistakes to avoid when selling online…

 

Failing to explain the product in the description

Yes, you may be selling something that is pretty well known and generic, like an iPhone or another type of gadget. However, this does not mean you should leave the description empty. This is the perfect opportunity for you to not only explain what the product is like and the condition it is in, but also to include keywords that will enable you to feature higher on the search engine result pages.

Not researching the average price beforehand

The likelihood is that there are going to be other people selling the exact product you are, or at least something different. This is why you need to do your research so you can get a good idea regarding price. If you price to low, you will miss out on profit. If you price too high, you are only going to put people off.

 

Failing to do any marketing

Let’s say you list a product on eBay. You schedule the auction to end in seven days time. So you simply wait and see if anyone is interested. This is not going to result in the biggest profit. Instead, you should advertise the product via as many free channels that are available to you as possible. Social media is the obvious starting point, especially if you have a good following. Post links to the items you have for sale and ask for your family and friends to share them.

 

Pricing delivery too low

A lot of people make the mistake of placing a random delivery fee on their items, and when this is too low, it can eat into your profits. The best thing to do is align yourself with a company like Parcel2Go so you know exactly how much it is going to cost you to send your parcels to the buyers in question.

 

Bending the truth

If you have a second-hand phone and it has a few problems, don’t list it as being in excellent condition. Yes, you may trick someone into buying it, but you are only going to have more hassle and expense on your hands when they complain and return it. Plus, they are bound to leave a negative review, which will hurt you going forward if you want to sell anything else.

If you can avoid the errors that have been discussed above, you can give yourself the greatest chance of selling your stuff online successfully. This is a great way to make a bit of extra cash for your savings or to help you pay off some of your debts.

 

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