Can You Have More Than 1 Per So.Pn Amazon Prime.Music How to Make Money on eBay – The Four Fundamentals of Successful eBay Business

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How to Make Money on eBay – The Four Fundamentals of Successful eBay Business

Here we review four basics on how to make money on eBay that can create a strong foundation or profit factor for your eBay business success. They are leads, conversion rate, margin, and average number of transactions per customer. These are the very basic concepts of direct marketing that you must understand in order to minimize your effort and maximize your profits on eBay.

It is much more profitable and cost effective to make money on eBay by selling to existing customers than by selling to new customers. Getting new customers to buy takes time and money. Existing customers who are happy doing business with you will do business and come back to you more than buying from a competitor they never did business with. Knowing the basic concepts is very important.

Therefore, in order to maximize your profits in the way you make money on eBay, you must not only sell your initial product to more and more new customers, but also sell more products to your existing customers. Here are four basic things you want to check to make money on eBay.

1. Lead
Prospects are the number of different people who stop and look at the auction listing. People who buy your product are not leads, but leads are simply the number of people who visit. Even if someone visits your page in just a few seconds, you can count them as a lead. So, as long as they have access to your listing, whether they buy or not, they’re a revenue lead in your eBay business.

2. Conversion rate
Conversion rate is the number of visitors compared to the number of people who purchased your product. The conversion rate is calculated by dividing the number of sales you make by the number of leads you get. So you can see how many visitors will buy your auction listing.

3. Margin
Margin is the amount of profit on all sales after deducting costs. To make money on eBay, you must include eBay listing fees, PayPal fees, and other expenses. These costs must be carefully considered in calculating the margin.

4. Average number of transactions
The average number of transactions is the number of times each customer made a purchase from you. For example, if 8 of hers buy an MP3 player from you and 1 of her buys another MP3 player or accessory for her, the average number of transactions per customer is her 1.125.

With these basics on how to make money on eBay, you can be sure that you’re always providing great value and great service to your customers. They are becoming very important because a small increase in each factor can have exponential results in your money-making performance on eBay. These four factors play an important role in generating a profitable online business on eBay.

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