Due to recent policy changes, new feedback rules and increases in auction fees across the board, it is becoming much harder to make money on eBay.
So is it still possible to make money using eBay?
Yes it is! And I’m going to talk about one of the most under used features on eBay – the classified ad.
While the classified ad format has been around for a while on eBay, it has only recently began to attract attention due to the amount of people starting to use it to its full potential, and making money from it.
eBay admits that classified ads are great for lead generation, so you might as well take advantage of it.
For the small fee of $9.95 for 30 days you can have an ad running on one of the largest traffic sites on the internet. While at first glance that might seem a high price, it roughly works out to less than 0.35 cents per day.
eBay currently is the fourth most visited site on the internet with billions of people visiting every month. Even if you could only grab a handful of that traffic you could potentially make a lot of money.
Grabbing that sort of traffic means that you are going to have to grab the attention of the potential buyer, and what better way to do that is by using a sales page as your advertisement.
First you will need a good title to encourage customers to click through to your ad, and then a strong description that encourages them to take action.
Whether that action is to buy your product, contact you for more information, or promote your website, the freedom of what you can do with classified ads on eBay means that it is all possible.
Advertisements on eBay are very similar to regular auction listings with a few differences.
– First is that because you are not selling a physical item like you would in a regular auction, you don’t have a bid now or buy now button on your listing.
– Secondly, you cannot give or receive feedback (which some might say is a good thing now!)
– Third, because the sales process happens outside of eBay, there is no final value listing fee.
What you can and cannot write or promote inside your ad has been debated for some months, but you can read eBay’s full policy on classified ads at its website.