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Can
I make money selling my handmade jewelry designs on Ebay?
If you've ever tried to sell your work on the
tremendously competitive and crowded pages of Ebay, your quick
answer to the above question may be no. But don't be so quick
to answer. If you keep these few things in mind, you can have
a successful jewelry business on Ebay.
Up until recently, I sold my jewelry designs exclusively on Ebay.
And, as with any business, with an Ebay business, you need to
have a business plan. The odds are against you on Ebay if you
simply make a few pieces, list them, and hope for the best. Your
chances are much better if you spend enough time to develop a
significant inventory of several types of items that show your
individual style. After all – you may only have one chance
with an Ebay buyer... if they visit your auctions, and you have
only a few unrelated items up for sale, they may never come back.
But, on the other hand, if they see a nice inventory of things
that they would love to buy, they will bookmark your store.
You will also need a listing/sales strategy. There should be two
types of items in your storefront:
Store Items: Have a well thought out inventory of items in your
Ebay store. (These items will always be there at a fixed price.)
All you need to do is make a sample, upload a photo, and remake
the pieces as the orders come in. (Earrings are great store items.)
Ebay has a low store-listing price of $.05 per listing, and a
monthly $15 store fee. Remember, you will have to sell enough
to cover this Storefront expense above and beyond the per piece
profit, however.
Auction Items (or fixed price listings): These listings are much
more expensive per piece, but, no will find your store without
them! It may unnerve you to start a listing at $.01; but, your
best bet is to start your auction listings low. Let me give you
a typical example that I have seen a hundred times: Sue starts
a choker at $9.95, because that is what she paid for the materials.
Lisa starts the same choker at $.01. Sue's item gets zero bids.
Lisa's item sells for $30. Here's the lesson: The final bidder
was willing to pay $30, but she was tempted by the idea that she
could get it for nothing. Ebay buyers are always looking for a
bargain!
Featured Listings: Another very important thing I learned is that
you must have at least one Featured Listing at any given time.
You pay a premium for Featured listings on Ebay ($19.95), but
they put your listing in the top page of your category for the
duration of the listing. Featured Listings are your best portal
into this very competitive market of jewelry artisans. You cannot
think of the expense of a Featured Listing as a selling expense
against the one-featured piece, but as an advertising expense
for all your listings and storefront. (For instance; if you have
twenty auctions in a week and one is featured, you can consider
that you've spent $1 per piece to get ebay buyers in the door
to your store.)
You must understand that you will not get rich selling handmade
jewelry on Ebay! I always felt that what I averaged per piece
on Ebay was like wholesale prices. But - let's face it - if you
are selling through stores that resell your work, you will not
be making retail on your work either. Plus, you will be running
around, schlepping your work, and most likely leaving it on consignment
with boutiques. After all, wholesale on ebay is pretty good when
you're able to work from home, list the things you want and make
your own hours doing something you love!
The biggest mistake jewelry sellers on ebay make is to step into
it too casually. You must have a certain amount of patience, and
understand that there will be upfront expenses that will not come
back to you immediately. (In what other business venture would
we expect such a thing?). If you take the time to study Ebay,
watch what the successful sellers are doing and develop your own
inventory and a strategy - you can be successful on Ebay!
About the Author
Linda Blackbourn is a jewelry designer in the Washington, DC area
selling original jewelry designs at http://www.a-zjewelrydesign.com/.
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