You may want to give eBay a fresh look if you haven’t sold on the site recently. The number of eBay sellers has grown to 20 million worldwide, with brands flocking to the marketplace. In addition, they are discovering a significant shopper audience that is looking for quality products that meet their needs.
If you are interested, you can look for the MyStealthAccount and get started with the business via eBay.
The amazing eBay story
eBay celebrated its 25th-anniversary a couple of years back. eBay has pioneered and innovated technology for buying and selling for a quarter-century, evolving into a sophisticated e-commerce site.
The first purchase ever made on eBay was made by a man named Mark Fraser back in 1995. The site had not yet been called eBay when it was created by Pierre Omidyar. A broken laser pointer was listed for sale on the site by Pierre. He bought the broken laser pointer since he didn’t have the budget to buy a new one.
Mark went on to buy over two thousand more items on eBay over the next two decades. The site Pierre built has grown to be one of the biggest ecommerce marketplaces in the world, and it’s still growing.
Business support on eBay
eBay might seem outdated to those who remember the 90s as a place to sell used items you find in your garage. In addition to offering an auction model for person-to-person sales, eBay now offers more than just auctions.
A fixed price option to bypass the auction was introduced by eBay as early as 2000. As of 2001, eBay Stores allow users to run branded businesses on the site. A central location for eBay sellers to manage and grow their business was introduced in 2006 with the Seller Hub.
eBay offers sellers and brands a variety of tools to expand their business on a variety of markets.
eBay by the numbers
Increasing numbers of shoppers visit eBay as a result of the site’s evolution. Ecommerce growth elsewhere has also been accelerated by the shift in shopper behavior during the pandemic.
In 2019, eBay had 174 million active shoppers. The number of active shoppers reached 187 million in Q1 2021. In other words, eBay is being used by an additional 13 million individuals to make purchases.
There are more sales when there are more shoppers. eBay’s Gross Merchandise Volume (GMV) is also on the rise. The GMV was $10 billion at the end of Q1 2021.
Benefits of Selling on eBay
Trust: The vast majority of eBay shoppers trust the site, despite the fact that not everyone does. According to the 2019 customer satisfaction rating, 79% of customers are satisfied with the company.
eBay customers are protected from scams and bad service. By letting eBay act as a third-party arbitrator, customers feel much safer going out on a limb and buying from you. The result is that each sale requires much less effort on your part.
The Option to Auction: Ever since eBay became famous for its auctions, it has remained the top auction marketplace on the web. As a seller, this allows you to put items up for auction to get a higher price. Having the option to set a reserve price ensures that you won’t sell something for less than what it is worth. Almost all in-production items (such as those that don’t auction well) can be listed with eBay’s fixed price option.
Excellent SEO: While eBay’s search engine optimization does not quite match to any other ecommerce site, it does have a good ranking on Google. Whether you’re looking for PEZ dispensers or antiques, eBay will have what you’re looking for. People are likely to find your product listing on Google even if you’ve never built a website.
Lower Fees: When you count payment processing like PayPal, other top ecommerce site typically charges 15% plus other fees per sale while eBay usually charges 10%. There are fees associated with both websites, but eBay has a lower percentage, so you’ll generally make a larger profit per sale. In addition, Top Rated Sellers and eBay Store subscribers can drop their fees even further.
Shipping Assistance: When sellers sell on eBay, they get access to remarkable shipping discounts, sometimes as high as 52% off. Your listings will be more attractive to buyers if shipping costs are lower. Furthermore, they give you an advantage over marketplaces that don’t offer discounts like that.
So, you might have not understood about the eBay as the platform to sell and make money. Understand about the ebay stealth seller account and start your business now!