 |

How To Turn Ebay Returns Into Profits. |
|
|
Submitted by Writer's Cramp Syndications
| RSS Feed
| Add Comment
| Bookmark Me!
Dont worry, getting items returned happens to everyone eventually. You cant satisfy all of the people all of the time, and occasionally someones going to want to send something back to you. Turning returns into profits isnt easy but with a little determination, you can manage it.
Dont refund shipping charges: If followed our advice and youre now making a decent profit on your shipping charges by using cheaper materials, then you might still be able to come out ahead with returns. Just refund the charge of the items but not the shipping. I know sellers who make $1 profit on the sale and $2 profit on the shipping. If they get a returned item then they dont really mind: they still get to keep two-thirds of their profit.
Charge a restocking fee: Youre perfectly within your rights to charge a restocking fee, and thats nothing but profit for you. Bear in mind that this will get customers very annoyed, however.
Resell with a better description: Now that you know if theres something wrong with the item, you can write a more honest description. Surprisingly enough, items can sometimes sell for more the second time around, simply because word has had time to spread that you were selling the item and there might be a few people looking out for another.
Take their packing materials: Inexperienced buyers will send back your items using all sorts of expensive luxury packing materials take them and re-use them the next time you want to give a buyer an extra special service. Incidentally, this also applies when you buy things on eBay youll find that you can save a lot on packing when you re-use every piece of packaging that comes your way. Make sure to take off any labels first, though.
You know what they want: Remember that every buyer who buys something from you and then returns it was at least interested in it. Theyre a potential sales lead, and you should add them to your mailing list to follow up later if you were nice to them when they returned the item, they might be willing to give you another chance.
Replace with a better model: Finally, if the buyer is returning the item for a replacement, then tell them that the only replacement you have in stock at the moment is a slightly more expensive model but youll send it to them if they pay the extra. Again, more profit for you.
Of course, its up to you whether you want to use these techniques: you might think its more valuable to refund the shipping on returns as a gesture of goodwill, as part of your perfect customer service. I would tend to agree with you: your reputation is invaluable. If what youre interested in is making as much profit as possible in the short term, then go right ahead but remember that in the long-term you might be sacrificing some repeat business for the sake of a few dollars.
In the next email, well look at the myths and magic of drop-shipping vendors, and what they can do for you.
Click for Details --> Customer Generating Machine <--
|
|
 |

|
LinkedIn Recommendation:
Kay Nikookary - Marketing and Brand Specialist - Information Architect! What a perfect title for the man that knows so much about technology, execution, business strategy and how to put it all together to make huge strides for your organization. I have seen Teo at work and would recommend him to anyone seeking a dynamic speaker on the diverse and complex topic of technology, I would recommend Teo to anyone starting or restructuring their company to take advantage of technology and tap into the global marketplace. He is the ideal consultant, speaker, project leader! Teo is one of those rare gems that knows IT and can truly be the architect of your system; and yet explain it you, and others like me, that don't always understand or want to know the technology side of the picture. He is a very personable gentleman who knows his stuff and if you are considering a technology question, then you need to at least have a conversation with him - because he WILL add value for you! - August 17, 2008, Kay was Teo's client |
|
 |
 |
 |
 |
Related Tags (related articles):
|
|
 |
 |
 |
 |
|
 |