The Pros and Cons of eBay

As effective as eBay is, it has its pro’s and con’s. In today’s world, people find e-commerce extremely helpful. With busy schedules and tons of work to accomplish in less than 24hrs, almost everyone prefers buying online. Hence eBay is extremely popular with the masses. Just the fact that one can buy stuff without moving a muscle is exhilarating. eBay is the most renowned online buying sites.

Like any other site or online buying site, eBay has its own advantages and disadvantages. One has should keep this in mind while ordering online.

Let us begin with the advantages:

It is nothing but a simple process and is extremely easy. Your shopping spree is always only a few clicks away.

eBay offers you a large variety of products to choose from.

eBay is fun and very entertaining. You have the most unusual items to choose from. The graphics are neat and extremely colorful. The weird listings and the quirky listings, you will find are quite entertaining as well. If you are interested in any sort of unusual product you can normally find it here.

eBay educates on the prices of various products in the market at the current time. You can learn the price of any product at any given time online. eBay lets you know what people are willing to pay for a given product in real time.

Surprisingly enough, eBay most often than not refunds their customers, should anything go wrong with the product. Most of the sellers have return policy’s that they follow. Be sure to check out the seller’s feedback to determine if they do what they say they are going to do in their listing.

Now let us look at reasons why eBay is not a very good option:

You cannot be sure of the quality of the product you are buying. Almost all sellers will claim that their product is in excellent condition, on delivery you will find that your product is not exactly in good condition; scratches cannot often be seen in pictures.

When you buy a product online, it is usually mailed to you. You cannot be guaranteed that the product will not get damaged when mailed. Very often, the delivery is extremely expensive and you spend a whole lot of money on it. Especially if you are in a different country from the buyer, you will need to pay international charges that are just all too expensive. Be sure to get the item insured by the seller when ever possible.

Buying online steals you of the time at the mall and the cups of coffee with your friends. Though buying on eBay is not time consuming, it isn’t as much fun as your time at the mall. Somehow at the mall, you bump into friends, get to see and touch the products you want and just enjoy an evening out, whereas you can’t do the same with eBay.

On the net, you can never be too careful of frauds. You almost have no idea what to expect. It calls for you to trust a perfect stranger. Always check the sellers feedback and ask questions to ensure that your sales transaction is fair for both parties.

When selling products for a profit on eBay it can be very difficult to find products that you can profit with unless you use a membership based company to find wholesale products like The North American Wholesale Co-op Association (nawca.org).

You will find that you get hooked onto it. Soon enough, you will be buying almost everything online.


When to List Your Item For Sale on eBay

If you think listing an item at anytime of day will make your listing equally as successful, think again. What may be convenient for you, say 4:00 pm on a weekday when you're not in classes, or at work, may not be ideal for someone else. eBay's listings end on 24 hour intervals, no matter what time of day you start them on. So if you listed an item to begin at 4:00 pm CST, that would be 2:00 pm on the west coast (when generally people are not home on a given weekday). So if you want to discourage bidders say in California or British Columbia from bidding, I would not suggest listing an item as this time.

Never use a 1-day listing unless you want to sell something that is time sensitive, such as concert tickets at the last minute for example. You also have to be an established member of the eBay community to even have the option to serve a 1-day listing. Typically, when do most people have the greatest amount of spare time? On the weekends. Choose to list your items based upon the schedule of society.

Typically, the most successful listing times for me have been as follows:

Thursday night between 6:00 and 8:00 CST. (3-day listing)

Sunday night between 8:00 and 9:00 CST. (3-day listing)

Here's why I've found these times to be best. If you start an auction on a Thursday night and it's a 3-day listing, it will end on Sunday night (eBay's busiest time). This is when there are the most users on the site and you'll be able to take advantage of the sniping bidders (bidders that bid at the very last second).
My second choice for listing an item falls on a Sunday night – again, a 3-day listing. The auction will close on Wednesday night and according to eBay, this is the second busiest day of the week for bidders. If you can manage to have your listing end on the most high-traffic days, you'll have more exposure for the listing, and a higher chance of receiving a greater value for your product.

You also do not have to hang around your computer waiting to list an item at a specific time. There is automated software out there which you can download for free that schedules to start your listing for you based on the time and day you input.

I'd recommend using eBay.ca as opposed to eBay.com. The reason is, if you live in Canada, the selling fees are in Canadian funds, not American. Therefore, you have a better understanding of how much you're spending to list the item and how much you're going to bring in without running to a calculator to figure out an exchange rate. The same goes for different countries as eBay has a specific site for every one of you. eBay.com being for United States residents of course. If you can keep it simplified, do it.

Good luck!