Important Advice For Selling Things Online

Post By: Admin / USA Frugal Club

Emptying out your closet and selling stuff you don’t need is a great way to put some cash in your hands quickly. Platforms like Facebook Marketplace and Nextdoor are great ways to make money selling used items. However, there is actually a bit of work that goes into being an effective online seller. Here are some tips to help this process be as seamless as possible. 

Know the Worth of Your Item

Not only is it important to know what to price your item at when listing it, but it is also important to make sure it will sell, period. Make sure to do your due diligence in researching if other similar products are selling and for what prices. This will save you a lot of time in knowing whether selling your items will be worth the time at all. 

Don't Undercut Your Price

Realize that on online marketplaces, it is commonplace for buyers to attempt to negotiate over the price. There is a good chance as a seller you are fine with this and would exchange a few extra dollars for simply getting the item off your hands. However, make sure to list your item a bit higher than you actually want to sell it as. People will likely not be deterred by a few extra dollars and will try to negotiate regardless of your starting price. 

Respond Quickly

Due to the feedback systems that many online marketplaces have, you will need to treat this like a business and ensure customer satisfaction. Responding quickly to potential buyers' messages is one of the most important things you can do to come off as a legitimate, high-quality seller. Be open and provide them with all the necessary information as you want to make sure the customer walks away from the purchase pleased with your service. 

10-Day Rule

If the item has been listed for 10 days and still has not garnered any interest, it is time to unlist the item and simply give it up or throw it away. Unfortunately, this happens from time to time when trying to sell your stuff online. However, it is always best to cut your losses and focus your energy on the next item.