eBay Promoted Listings are your Holiday superpower.
eBay Promoted Listings are a sales superpower
We’re already 1/3 of the way into Q4, and time is ticking away on the year’s biggest retail moment: Holiday. ‘Tis the season to sell, sell, sell — so let’s get your eBay items SOLD! What can you do to garner more sales? Three words: eBay Promoted Listings.
Promoting your listings will boost their visibility in search results by as much as 36%.
You don’t need a store to use eBay’s pay-per-purchase advertising tool, either.
In fact, now it’s even available to sellers using eBay’s quick listing tool. The only listings that aren’t eligible for promotion are those that use the auction format.
I’m going to share with you my top three tips for getting the best possible results from eBay Promoted Listings.
But first, a quick refresher course on how Promoted Listings (aka PL) works:
You specify an ad rate somewhere between 1%-20% for each promoted listing. That’s the percentage of the final sale price you’re willing to pay to eBay (in addition to the regular final value fee) if your item sells via Promoted Listings. You’re only charged that rate when a buyer clicks on your promoted listing, then goes on to purchase the item within 30 days.
Promoted listings appear in search results under the word Sponsored, so you can tell them apart from non-promoted listings. Your promoted listing(s) may appear in premium placements within search results on both desktop and mobile devices or in the Related Items module at the bottom of every search results page.
1- For Optimal Results, Optimize your eBay Listings.
Promoting your listing pretty much guarantees you more eyeballs will see it. But — and this is my first tip —you’ve still got to make sure that you optimize your listing for conversion. That means:
a -Making sure you’re following eBay best practices in your title, photos, item specifics, and description.
b- Having customer-friendly terms of sale.
eBay’s Promoted Listings team says that it also pays to double-check that you’ve listed your item in the right category. One quick way to research that is to use eBay’s Advanced Search function to check Sold items.
2 – Advice from eBay UpFront
At several eBay UpFront events, PL team members have suggested increasing your PL rate during the holidays. Remember, right now there are more sellers and more listings than usual vying for buyers’ attention! Raise your rate to give yourself a leg up on your competitors.
To help you strike the best possible balance between cost and performance, eBay provides guidance by displaying suggested rates for each item you set out to promote. The suggested rate is calculated based on a number of factors, including item attributes, seasonality, past performance, and current competition.
Suggested rates typically run between 5%-10% for most categories, but they may be as low as 2% or as high as 18%. To find the sweet spot for your own listings, start low, then increase your rate by 1% at a time until you start to see a difference in sales.
Conversely, if your item is selling very well, you may be able to drop your rate by 1% or more and still keep sales strong. Test, and carefully monitor your PL dashboard to measure the results of your experimentation.
3- Know Your Numbers
That brings us to my third top tip for making the most of PL: Check your Promoted Listings Dashboard (located in Seller Hub) at least once a week. Look at your impressions, clicks, and sales. Are you getting a lot of impressions, but few clicks? Then review that listing:
Is your price competitive?
Is your listing optimized for conversion?
Is it keyword rich?
Have you filled out all the relevant item specifics?
Are your pictures click worthy and enticing?
Have you listed this item in the best category?
Just a few minor tweaks can transform a listing from blah to WOW — and get your item sold!
For more terrific tips on skyrocketing your sales with Promoted Listings, claim your complimentary copy of myfree guide Winning with eBay Promoted Listings!You can find it at my website, iLoveToBeSelling.com. This downloadable guide features proven, actionable strategies for making PL work its very best for your business on eBay. It’s15 full pages of PL sales power tips!
Win big sales with eBay’s Promoted Listings!
Find out how to pay less in fees while making more sales, discover ways to harness Promoted Listings data for higher profits, and much more. I’ve even added some special bonus content: Fast Fix for Stale Campaigns.
The Bottom Line for eBay Holiday Sales
During the holidays, more shoppers than usual are flocking to eBay. However, at this time of year, there is also more competition for buyers (and their dollars). Use Promoted Listings wisely and well to give yourself a competitive edge — and get more sales!
You have an eBay Superpower – it’s Promoted Listings!
That means it’s time to get down to business and sell, sell, sell. Yes, states are beginning to modify or even lift restrictions on retail stores, but safe shopping practices are still the order of the day. Check out the National Retail Federation (NRF) guidelines for brick-and-mortar retailers.
The good news for you, eBay seller, is that millions of consumers are choosing to shop online.
So your eBay 4th quarter could be amazing! Here are four things you can do to help make that happen.
First, be aware that products that may not have been big sellers in the past are now hot, hot, hot. Use Terapeak and eBay’s Advanced Search function to check prices and trends. In most cases, it’s best to look at recent prices, because prices from last year could be very different than what they are now. After all, a lot has changed since then!
Second, here’s a heads-up regarding Halloween: Don’t stock up on Halloween costumes; instead, think home décor! Because of the ongoing coronavirus pandemic, there will be much less traditional trick-or-treating this year. But there’ll be plenty of folks staying at home, so decorations and seasonally themed items should continue to be in high demand.
Third, it’s true that all four seasons sell well on eBay all year round. However, right now many shoppers are looking for Fall and Winter items. If you have any unlisted inventory, this is the time to sort through it with an eye towards the Q4 calendar.
For example, do you have any sweaters, coats, boots, and/or other Fall and Winter clothing on hand? If so, get those items listed ASAP!
Its 20 pages list dozens of items thatwill keep selling throughout the holiday season. Print out this handy guide, then take it with you to thrift and consignment stores, wholesale sources, or your favorite top-secret destination for retail arbitrage.
So there’s your four-part plan of attack for eBay 4th Quarter:
To start, let’s talk about eBay, COVID-19 and you.
Selling on eBay during the COVID-19 pandemic!
Selling on eBay during the current COVID-19 pandemic. It’s the challenge of our lifetime.
Never before have we as Americans been through a global pandemic like COVID-19. We’ve faced the fallout from 9/11. We’ve weathered numerous hurricanes, floods, and other natural disasters. But the coronavirus is a worldwide crisis that is a test like nothing else in our experience.
What can and should you (and all of us) be doing at this difficult time?
Before even thinking of eBay selling and COVID-19, protect yourself along with your family.
How do you carry out this mandate to protect yourself and your family from the coronavirus? By knowing what is recommended right now — and staying up to the minute with information you can be sure is 100% accurate and reliable.
To do so, go directly to the COVID-19 page on the Center for Disease Control website (CDC.gov). There’s a clickable banner right at the top of the CDC home page.Don’t trust media reports or what you see on Facebook; get your COVID-19 info straight from the source!
By the way: Some of you will see right oneBay’s home page one way eBay has your back at this time;click on the Shop Smallbutton to see more. If you don’t see the “Open right now and here for you” banner on the home page, just go directly to eBay’s newSmall. Mighty. Open for Business page. It’s highly reassuring — even inspirational!
eBay has already announced that they will defer fees to support small and medium-size businesses through COVID-19. If you’re an eBay Store subscriber, watch your My Messages and regular email inboxes on March 25 for details on how to request support, or check the Announcements page.
With eBay shipping and CO-VID 19, take advantage of USPS’ scheduled pickups.
It’s hard to get to the post office when you’re sheltering in place. Luckily, you don’t have to go there; USPS will come to you. Every day except Sundays and holidays.. Because that’s how they roll. Schedule your package pickups via the USPS website (USPS.com) in just 4 easy steps.
It used to be that you had to have at least one Priority Mail package going out in order to schedule a pickup, but now USPS will pick up any class of package. It’s best to schedule package pickup no later than the night before the day you need it. Often if asked nicely, many carriers will take and scan your package(s) on the spur of the moment.
Now that you know what you need to do right now, let’s talk about what’s selling right now!
Folks are home. What do they need?
Some eBay sellers are doing very well, while others are struggling. Furthermore, many part-time sellers who have been laid off or are on hiatus from their full-time jobs are expanding their business on eBay and need to stock their virtual shelves.
So think about it: People are staying home.
In fact, many are stuck at home by local government order. Topping the list of products these folks need are household essentials and food. Ponder pantry items. Also think over-the-counter medications and vitamins.
Educational and entertainment items for kids are also in high demand. Look at books, DVDs, games, puzzles, and crafts items of all kinds.These in demand craft items includes lots of egg cartons, wine corks, clean and empty glass jars, plastic pill bottles, and the cardboard tubes from rolls of paper towels and toilet paper.
Adults need to entertain themselves as well. Jigsaw puzzles and many games are fun for all ages, as are the full gamut of crafting options. Think sewing patterns and fabric; knitting, crocheting, needlepoint, embroidery, and other needlework supplies. Also think about adult coloring books, perhaps bundled with a set of colored pencils or markers (especially the new glittery versions); and model anything kits.
And don’t forget scrapbooking. This is a perfect time for millions of hunkered-down Americans to get caught up on printing out and showcasing their photo libraries.
In addition, lots of folks are using this time as an opportunity to learn new skills or try new hobbies.
They need books and DVDs that teach crafting, DIY home improvement, auto mechanics, languages, and more.
In sum, today more than ever, you need to think like a buyer.
Look through your unlisted inventory. Look around your house or apartment. Do you have something on hand that other people need and/or that’s in high demand right now for whatever reason? Get it listed ASAP! My free tip sheet Dominate eBay Search will help those listing stand out to shoppers and get sold!
You should have received email about the eBay Spring Seller Update via My Messages in your eBay account. You also should have noticed eBay’s announcement of it. And here’s another “should” for you: By now, you should have read the entire update. If you haven’t done so yet, what are you waiting for?
As is typical of eBay’s updates, there is some fuzzy language. But there are also sizeable chunks of good stuff for sellers; it’s just that you practically need a road map in order to find them. That’s why I created my free downloadable guide Spring Seller Update 2020: Tips to Win the Scavenger Hunt.
Once again, listing optimization and sell-through rate are eBay’s primary concern in the eBay Spring Seller Update. That should give you some insight into what’s on the mind of eBay execs! There also are some interesting changes to Returns as well as to Seller Protections.
The biggest thing for you to check out is category changes, which also mean item specific changes. The latter are a work in progress, and they can be problematic. However, item specifics have an tremendous impact on your listings — and on how they rank in search results.
A Full Bucket of Changes, Mostly For the Better
The Spring Seller Update’s category changes will take effect in May 2020 in the following categories:
Business & Industrial
Jewelry & Watches
Home & Garden
Sporting Goods
If you have listings in any of those categories, revise them to have a full complement of their new item specifics! Tedious? Yes, especially if you’ve added custom item specifics. But oh, so necessary!
Expanded functionality for Terapeak (included free with all Store subscriptions from Basic on up.)
Multi-User Account Access (MUAA) also is expanding to offer read-only shipping data.
Volume Pricing — available to all sellers with multi-quantity items, not just to eBay Store subscribers; it’s extremely popular with buyers, which means it’s good for your sell-through rate. Give it a try!
New photo-editing tool turns your pictures’ background white; it’s only available in your smartphone’s eBay Mobile app, but a desktop version is in the works.
eBay International Shipping, a cheaper (albeit currently slower) option for sending packages to overseas customers.
Expansions to Send Offer to Buyers — now you can send up to 40 at once. This highly successful tool from eBay is a sales maker!
New Seller Help, accessible right from your Seller Hub’s Overview page; sellers in the beta group for this are reportedly loving it!
In closing, For details and clarifications regarding eBay’s 2020 Spring Seller Update, download my free tip sheet. There is treasure in eBay’s newest seller update, but it takes a bit of digging to find it all.
But dig in, because I don’t miss out on all the goodies in this eBay scavenger hunt!
The new decade is here. We’re celebrating the beginning of not just a new year, but a new decade! As a seller, what are your top resolutions for eBay 2020? Reorganize your office/workspace or inventory? Finally get those death piles listed? Attend eBay Open in July?
Those worthwhile goals for eBay 2020 are all fine and dandy, but without consistent sales, you won’t have a business to organize. Healthy cash flow is the lifeblood of any commercial enterprise, especially your business on eBay.
In the hit reality series Shark Tank, what’s one of the first questions the sharks ask each would-be entrepreneur?
They ask the business owner,” What are your sales?” Now I’m asking you the same question, and you’d better know the answer. If you don’t, you’ve got some homework to do. Because as a seller, it’s essential that you know your numbers — including not only how much you’re selling, but also how fast you’re selling it (sales velocity). In other words, how long are items listed before they sell?
The answer to this question will vary by category and even by item.
For example, cell phone accessories have a different sell-through rate than Mid-Century Modern candleholders. Furthermore, MCM candleholders may have a different sell-through rate than Art Deco candlesticks.
Once you have some idea of your sales history, consider this: If a certain type of product typically takes four months to sell, what would it mean for your bottom line if it sold in three months? Or two? It could mean the difference between a business that stagnates (or even fails) and a business that flourishes.
Here’s why.
“Sell-through rate” (how fast your items sell) is also known as “conversion rate”, because it represents the process of turning an item into cash — i.e., converting it to dollars and cents. The faster you can recoup your initial investment, reap your profit, and get that money into your bank account, the better. Many sellers get into trouble because they have too much cash tied up in inventory that isn’t selling.
Don’t be that seller in eBay 2020!
I can help you to get cash flowing (and/or flowing faster). What you need — what every eBay seller needs — is to accelerate sales. And I’ve got some proven tips for doing that. You can grab them right here. eBay Sales Accelerator tips are my gift to you when you add yourself to the wait list for my exclusive membership group Social Media Insider.
Now, when evaluating your business look at what IS selling. It’s important to note your best selling products and categories. While doing this be sure to do the following.
First, check prices! The value of an item will fluctuate over time. You may be asking too much, or you may be leaving cash on the table by asking too little. Use Advanced Search to check sold prices on eBay. My YouTube Watch This Before You List On eBay!, will show you how to use eBay’s Advanced search feature.
If you have an eBay Store subscription, check Terapeak as well (under the Research Tab in Seller Hub).
Second, include 4 or more pictures in each listing. You can have up to 12, so take photos of all the sides of each item as well as closeups of details and/or any flaws. Showcase each item to its best advantage, because shoppers make their purchase decision based on your photos and description. Show them what they’re getting, preferably on a plain white background! More pictures can add up to more as well as faster sales plus a boost in eBay search.
Third, offer a robust return policy. Most customers want what they’re buying. But they’ll feel a lot more comfortable about buying from you if they know they can return an item that doesn’t work out.
Think like a buyer in eBay 2020!
It pays to think like your buyer!
Let’s say a buyer needs a widget. Two identical sellers have widgets listed at the same price with free shipping. One seller offers no returns, while the other offers 30-day returns. Which widget would you buy?
Look at your competitors’ return policies. How can you make yours better than theirs? If they offer 30-day returns, maybe you could offer 60-day returns. Or free returns. Or both! Check the number of returns you get in any given category to know what’s best for your business.
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