eBay is one of the oldest online marketplaces. But unlike its retail counterparts, it is an authority in online auctions. The platform that attracts buyers and sellers from all over the world.
It is a place to find the most unbelievable deals. Buyers competitively bid for a listed item. And when the bidding window closes, the buyer with the winning/highest bid takes the prize. Some sellers with an eBay have made unbelievable profits from the sale of their products. And for this reason, they have remained loyal participants in eBay sales.
But although this is so, many sellers are also leaving eBay in favor of other online marketplaces.
eBay charges high listing fees. These fees are not friendly to first-time sellers (individuals and small businesses) who rarely make sales initially. It is also difficult for them to enter the eBay market with well-established sellers with a customer base or market share. So it isn’t a surprise that new sellers are joining other marketplaces where they have a better chance of making it.
So, are you looking for a marketplace to sell online? Look no further. We bring you the seven best eBay alternatives you can use.
Alternative #1: Sell on Amazon.
Amazon was known for being the world’s biggest online bookstore, selling ebooks and paperbacks (through drop shipping). But this is no longer the case. Amazon has explosively grown to dominate the eCommerce world. It sells more than 350 million different products, making it the world’s biggest online marketplace, selling almost everything.
With over 27 years of quality service, many buyers trust Amazon. And this has improved its popularity, attracting all kinds of buyers from around the globe. And its high buyer traffic has made it the most visited online marketplace or site.
So what does this mean for you? More buyers. Amazon is the best alternative to eBay regarding its market presence, visibility, and trust.
How to win on Amazon.
As with all thriving marketplaces, Amazon has a lot of individuals and small businesses selling their products and services. This means that there is high seller competition.
Even with the high level of competition, every seller has an equal chance of succeeding on Amazon. Your most significant advantage is in pricing your products right. Any price reduction gives you a winning edge over other sellers dealing with similar products. But of course, don’t lower your prices to the point of not making profits.
Tip: To profit from selling on Amazon, sell the right product in the correct category at competitive prices in large volumes.
Your efforts in this high-traffic marketplace are worth it in the long run. Once you break through as a seller, the Amazon algorithm will automatically recommend your product to buyers buying similar products. This gives you more visibility, thereby increasing your sales.
