7 things to consider to profit from the online sell

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Our society is progressively becoming a nation of re-sellers; the second-hand market is booming. It’s not just about clearing up – it’s about sustainability.

1, Beware of online marketplace

Not all platforms are born equal. Some marketplace sites may charge, and some marketplaces have low traffic. It can be challenging to profit when selling relatively cheap things if the marketplace fees are high. Make sure to get as many pennies as you can back by looking for sites that don’t charge to list them or keep their payments low.

2, Pick a local selling platform

An alternative way to choose the right marketplace to list your items on is to check if it’s popular with people nearby. You’ve got to see if people are local to you using it. If someone in your neighborhood is interested in an item and you can hand it over in person, you also don’t risk something missing in the mail. It can be helpful to cut down on things like postage costs.

Some of the marketplaces websites to consider are Qefira, Jiji, Engocha, Ezega.

3, Sell more to make it the upfront worth

There is a lot involved in selling things online. It includes posting, packaging, writing listings, and communicating with potential buyers. It requires a lot of effort when selling cheap items. However, if you sell several things, and you don’t just look at it as an individual item, but you maybe look at it as selling many items, and some of those sell for a little more, look at what you get at the end of it. Even a small profit on many things will start to add up.

4, Be as detailed as possible when writing your listing

The more information and insight you can give people in your listings, the better. Don’t forget to provide perfect and detailed sizing because one of the things about selling online is getting returns. Just like a typical retailer, you might get stuff back when it doesn’t fit.

Elaborated listings can help avoid this. You don’t want to disappoint somebody; you want to delight them when that parcel drops through the letterbox.

5, Entirely document any issue with an item

Be careful to post quality photos if there are any issues with an item you’re listing. Do a close-up to show what the problem is. Describe any issues so if someone’s buying, they know what they’re getting.

6, Research before pricing an item

To decide how much you’re going to charge for something, a bit of research can help. Look at how much it was initially, how much it’d been used or brand new. And look if other people are selling similar items on different platforms and how much they can make for it. Remember, the price isn’t set in stone. If there’s been no interest after three or four days, consider reducing the cost a little.

7, Beware of the social media “car boot sale.”

Social media is excellent, with marketplaces on there, but it can turn into a bit of a car boot sale. There are all sorts, And there are now many commercial sellers on there, which makes it puzzling. If buying from someone who’s just trying to part with something or purchasing an item that’s brand new? And make sure the price is listed correctly.
It’s necessary to note if other people are selling similar things. Apart from that, you might just be listing for nothing, and it doesn’t sell.

Addis Insight
Addis Insighthttps://addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.
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