Maximizing sale and minimizing operational and administrative expenses is the easiest solution to experience quick growth and healthy profits in any business venture whatsoever. However, things can often get a little difficult operating in top ecommerce marketplaces like eBay and Amazon. Understanding the loopholes from where profit seepage happens is perhaps the most difficult hurdle to overcome in eBay.
More often than not, sellers are seen to have no clear idea about the multifaceted fee structure of this marketplace which is one of the primary reasons that keeps making sellers walk the shallow end of profits while coughing up exorbitant amounts of fees. The good news is, it is actually possible to reduce the burden of eBay fees and all it takes is a little enlightenment about the subject.
Following are some of the easiest steps to achieve optimum results almost instantly…
Use picture hosting tools –
By now, all eBay sellers may be familiar about the fact that eBay allows nothing more than one free picture upload per listing. However, this is seldom enough to gain desired visibility. Adding multiple pictures with the assistance of proper picture hosting tools though, can help save about 0.15$ per additional image. This is worth thus, worth a try.
Use fee calculating tools –
eBay Fee calculating tools and softwares are perhaps the smartest among all existing eBay merchant tools that can assist sellers in keeping a check on their eBay fees. Basically, these solutions help sellers determine their profits after taking into account each and every avenue that claims fees in eBay. This way, sellers can be amply aware of where they may lose money and price their products accordingly.
Don’t hoard up on inventory in warehouses –
A lot of money is usually spent by midsized to very large scale eBay sellers on inventory storage in warehouses. Overstocking has been named as one of the primary reasons for overspending in operational costs. Managing stock so that it does not contribute to spending for products that are not fetching any profits is a good way to save on eBay fees.
Learn about the insertion fees before altering prices –
This is yet another means of saving on costs effectively. Say for example, if you wish to increase a dollar to your product making it 50$ from 49$, your insertion fees will almost double up. If you were paying 1.20$ on your existing price, with the dollar increase, you will have to pay 2.40$. however, if you bring the price to 49.99, you will not only enjoy .99$ increase but also remain in 1.20$ group as far as insertion fees is concerned.