The Pros and Cons of Ebay

Ebay is the largest online auction site where anyone can create a sellers account and start selling stuff

. All you have to do is take pictures of your item and create a listing. You decide how long you want the auction to last, and the product will go to the highest bidder. If you have unique products then this allows you to earn quite a bit of money depending on how many bids you get.

Ebay helps you to sell locally, in your country, as well as worlwide.There are many pros to selling on ebay, however, there are some cons associated with the site as well.

The Pros

Instant Money. Ebay gives you the choice of how long you want the auction to run; whether 1, 3, 5, 7 or 10 days. Once the auction is over, and your item is sold, then you are paid immediately.

Sell Anything. Ebay is open to all sorts of products. This includes new or used household items, books, electronics, beauty products, clothes, furniture, tools, cars and much more. Anything that you have around the house can be sold on Ebay for a small profit.

Open a Store. Ebay has made it very easy for anyone to open a store where you can organize and showcase all of your products. When you open a store, you get your own unique URL which you can then start driving traffic to so that you can make even more sales. However, the downfall of the store is that you have to pay a monthly fee in order to keep it open. So unless you have a lot of products to sell, it will not be worth your money.

Feedback. One of the best things about Ebay is the fact that you can leave feedback for the sellers. This helps to prevent people from selling items that are not as described.

The Cons

Higher Fees. One of the downfalls of Ebay is that they have high fees that some cannot afford.

Tough Competition. Ebay has a huge number of sellers who are competing against each other. This means that unless you offer the lowest price, you will not be able to sell your products. Thus in many cases you may not be able to make a huge profit especially not if others are selling the same product.

However, Ebay is a great place for you to make money if you have unique products that are sought after.

The Pros and Cons of Ebay

By: Helen Reimer

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