7 Best ways to Start an Internet Auction Business Selling Laptop in Nigeria

Internet Auction Business Selling Laptop: Learn how to start your own profitable site on eBay.

Some power sellers earn over $100,000 a month. We can duplicate their success.

Read on: 16 Best Time Management Tips in Nigeria

Internet Auction Business Selling Laptop

1. Registering at these internet auction sites is a relatively simple process.

For the purpose of this article we will stick to eBay.

Ebay is miles ahead of the competition.

In a distant second yahoo, which is very far behind eBay in terms of website traffic and market research.

Read on: Best Macroeconomics/Microeconomics Business Impacts in Nigeria

Internet Auction Business Selling Laptop: https://www.businessinsider.com

Internet Auction Business Selling Laptop

See also: 24 Tips to Advertise Bedsheet Business Online in Nigeria

2. The registration process is self-explanatory.

You must give your basic contact information (your name, address, number where you can be reached, email address, and of course your credit card or other payment method).

You will only be charged for any sales transaction fees that you incur as a result of your listing and selling items.

Each auction site will have a list of their fees (these fees are very small).

See also: 30 Best ways to Make Online Business Work for you in Nigeria

3. Each site has a list of rules.

They may differ from site to site. You will have to get a working knowledge of these rules.

Print the rules out and study them, this will save you from future headaches.

Some sites will even offer online tutorials to help you become familiar with the rules.

And how to buy or sell on that particular auction site.

Internet Auction Business Selling Laptop

4. Auction sites operate a little differently when it comes to honesty and credibility.

They use a feedback system (which simply means that after every transaction the seller and the buyer rate each other on the entire deal: Great, Good, Excellent, bad, etc…).

This score determines how reputable the seller and buyer have been.

You will need to focus on doing business with people who have high feedback scores (90% or higher).

Just starting out and not having a feedback score will make doing business on eBay a little more difficult but not impossible.

5. Placing a bid is a really easy process.

Before you start placing items up for auction, I recommend that you buy a few items first.

You can buy 3 or 4 items for less than $50 and this will build up your feedback score.

6. Putting items up for auction is just a little bit more complicated.

When you list items on eBay, you must talk about them in a way that let’s your enthusiasm for the item show through (you want the customer to be excited from your excitement).

7. Your Title- this is your headline, this should grab the readers attention.

Read on: Best 47 Ways to Run facebook.com Ads in Nigeria

Internet Auction Business Selling Laptop

Your Item description-you will have to balance boasting about your particular item.

And being completely accurate about the condition of your items.

Being honest about flaws will not keep your items from selling).

If you have negatives; alternate them with positive statements.

Make sure that you have more positive statements about your items than negative statements.

See also: Best 15 Ways to Write Reference Letter in Nigeria

Internet Auction Business Selling Laptop

Here is a list of descriptive selling words you can include in your description.

Beautiful, great, fun, dramatic, pretty, fantastic, high-end, vintage.

Wonderful, powerful, elaborate, quality, and gorgeous.

Your terms of service are your policies for doing business.

This will include: shipping and handling.

How soon you want receive payment and of course the different payment types you will accept.

Please ponder these decisions carefully, this is the terms under which you will do business.

Keep your terms as simple as you can, if they are too long and wordy you may drive customers away.

You are now a internet auction business owner. Set your goals and aim high.

Read on: 8 Top Small Scale Pig Farm Business Plans in Nigeria

Internet Auction Business Selling Laptop

Tips

  • cross sell, if you have other items up for auction.
  • Make sure you have a link on each auction post to your other items.
    • Be honest about your items.

Every day at businesshab, we work hard to give you access to instructions and information that will help you live a better life, whether it’s keeping you safer, healthier, or improving your well-being. Amid the current public health and economic crises, when the world is shifting dramatically and we are all learning and adapting to changes in daily life, people need business ideas more than ever. Your support helps us to create more in-depth illustrated articles and videos and to share our trusted brand of instructional content with millions of people all over the world.


Copyright Warning!

We work really hard and put a lot of effort and resources into our content, providing our readers with plagiarism-free articles, original and high-quality texts. Contents on this website may not be copied, republished, reproduced, redistributed either in whole or in part without due permission or acknowledgement. Proper acknowledgement include, but not limited to (a) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes, (b)"FAIR USE" in the case of re-publication on online media. About possible consequences you can read here: What are the consequences of copyright infringement? BusinessHAB.com is a property of GotoSchool Limited and we have all legal actions at our disposal to take within and outside the internet in effort to protect our intellectual properties. All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).

Leave a Reply

Your email address will not be published. Required fields are marked *