The Reason WHY I STOPPED Selling On EBAY | Summary and Q&A

TL;DR

This video explores the reasons why the creator quit selling on eBay multiple times and provides insights and lessons for those considering quitting or continuing their eBay business.

Key Insights

• 💼 eBay account restrictions due to unpaid items can be avoided by canceling cases before the final deadline.
• 🥺 The mental journey of starting an online business often involves excitement, confusion, and potentially feeling like quitting. However, overcoming these emotions through action can lead to success.
• 😒 It's crucial to be cautious when dealing with suppliers on platforms like Alibaba, particularly when it comes to branded items. Research and use secure payment methods to avoid fraud.
• 👨‍💼 Forex trading may seem enticing but building a business can provide more long-term benefits and passive income opportunities.

Transcript

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Questions & Answers

Q: How can I avoid eBay account restrictions due to unpaid items?

To prevent owing selling fees on unpaid items, it's important to monitor pending transactions and cancel any cases before the final deadline. This ensures you won't be charged fees for an item the customer never paid for.

Q: What strategies did the creator use to overcome the mental journey of starting an eBay business?

The creator wrote down actionable goals, such as finding winning products, suppliers, and budgeting their money. By focusing on these tasks, they regained confidence and motivation to continue building their eBay business.

Q: How can I avoid getting scammed by suppliers on Alibaba?

It's advised not to buy branded items from Chinese suppliers as they are often counterfeit. Additionally, avoid using Western Union for payments, as it is riskier. Research suppliers thoroughly, ask for references, and use a secure payment method.

Q: How important is maintaining positive feedback on eBay?

While having positive feedback is important for trust, it's not necessary to maintain a perfect 100% rating. New stores should aim for at least 99.8% positive feedback, but learning how to prevent and remove negative feedback can help maintain a good reputation.

Summary & Key Takeaways

• The creator quit eBay initially after being restricted due to a customer not paying for an item, resulting in owed selling fees and added interest.

• The mental journey of starting an online business, from excitement to confusion and potential feelings of wanting to quit, is discussed.

• The creator was scammed by a supplier on Alibaba when trying to import branded items, emphasizing the importance of caution and avoiding certain practices.

• The creator temporarily switched to Forex trading due to the allure of easy money but eventually realized the value in building a lasting business.

• Negative feedback initially made the creator want to quit, but they learned strategies to prevent and remove negative feedback, maintaining a positive reputation.