eBay Tip 203 - Feedback Ratings and Selling

Wow another post from me? That's saying something.

Here is another useful tip on eBay. This one especially applies to new eBay sellers. First of all, before selling products that cost over $100, get yourself at least a decent amount of feedback ratings. Start out small and work yourself up to build your credentials. I mean think about it, I for one, would be cautious when buying high priced items from seller with 0 feedback ratings. For all I know the seller could be a criminal that collects money from posting relatively popular and high priced items; once you pay for it, he is gone. Sure Paypal offers a $2000 buyer protection, but that would only work if the seller still uses Paypal and still has funds in it.

I was personally a victim of this trick once. I purchased an item for a pretty high price from a seller that had very low feedback rating, and the seller did not even respond to any of my emails. I filed a claim with Paypal, but they were only able to refund me a bit less than half of my money. I learned my lesson from this; well more like confirmed my suspicion.

One more thing, if you are a seller with a low feedback ratings, chances are you are not going to sell the item for a price that you would otherwise get if you had substantial amount of feedback ratings.