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The Top 5 Ways to Make More Money With Your EBay Business

Those who have decent eBay businesses and aren’t interested in making more money should just ignore this article. For everyone else who wants to grow their business and increase profit margins, here are a few simple tips that you can put into practice immediately.

1) Building a list of past customers. If they purchased from you in the past there’s a good chance they will buy from you again. Send them emails of special offers, new inventory, or rare items in stock. All you need to do is get their emails out of PayPal and into an autoresponder.

2) eBay’s Publisher Network. eBay will send you money if someone buys an item on eBay after clicking through your link. Use this with tip #1 and you can really see some great results.

3) Pricing. Be sure to check your listing prices often to see what the market is doing, and then change your prices accordingly. You might be able to make more money by selling inventory a little bit faster by cutting your margins just a tad.

4) Inventory clearouts. If you have inventory sitting around too long you can really hinder business growth. Old inventory ties up capital, takes up space on your shelf, and hinders cash flow. Clear out your old inventory and replace it with some quicker sellers.

5) Saving money is just as important as making money. With eBay policies these days, we’ve found ways to cut our listing fees by 60-80% with just a few simple strategies. We used to have multiple listings of the same item for more listing exposure. Now, we get the same sales and exposure by optimizing our listings for eBay’s new ‘Best Match’ search and putting any multiple items in the same listing. We also use the 30 day or good till canceled listing duration. Just by making those few adjustments, in some months we have seen our eBay fee invoices go from over $1500 a month to under $300.

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