The fact is when debt rears its head we end up resorting to selling as much as we can to get back on a level playing field. When you are selling personal items to make a profit, there are a number of rules to bear in mind, including: Assess the Item Value Accurately If you are selling an item like a car, you need to research the going rate for that item by looking at completed sales on the major car websites. These Cotswold automotive car buyers will send you an evaluation for your car, and it’s always worth considering the overall item’s condition, age, brand, and its demand when you are pricing it. When you assess the item value accurately, don’t take the mick because overpricing will invariably deter buyers. By understanding what their going rates are, you can be more than realistic in how you price it. Take Quality Photos When you are advertising items online, you’ve got to accurately showcase the item’s condition and details, especially on sites like eBay. There are many online marketplaces that have terrible photos of their products, and well-lit and clear photos from multiple angles can make a huge difference in who will and will not purchase from you. Quality photos will increase their confidence, but they can also have a positive impact on the sale price, meaning you can park it a little bit more. When it comes to selling something like clothing, using flat glaze or actually modelling the items can make a big difference because then a customer is able to see the item as close to in the flesh as possible. Write Detailed Descriptions Lots of people when in a rush make the mistake of putting a quick description of an item. While you can create detailed descriptions of an item using AI, you need to do the following: Clearly state the condition, as this will set proper expectations. Mention any included manuals, accessories, or original packaging. Provide accurate descriptions of the items; these would include materials, measurements, usage, and most importantly, flaws. If a customer does not get the item as described, this could easily bounce back onto you, which is where the next point is invaluable. Provide Excellent Customer Service Even if you’re in a rush to get rid of something, you’ve got to be prepared to accept returns if they are not as described, but also ship items securely with proper packaging and tracking, and respond promptly to any buyer inquiries. Clear communication is critical, and therefore, you can set proper expectations and ensure that nothing comes back on you, especially when you’re selling items through social media. Understand Platform Fees This may not be necessary when using social media, but if you are selling items via eBay, you need to account for these fees when pricing your items. Of course, it’s better to use free listing options when available; however, if you’re selling large items like a car, there could very well be platform fees that you need to take into account. When selling personal items online, it’s absolutely possible to make a profit, but when you are selling your personal belongings, a little bit of air ticket goes a long way.
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