Question

If you were assigned the responsibility for selling your firms products on eBay, how would you achieve the highest price? Give five specific ideas. Within your explanation please identify the type of product(s) you plan to sell. You should be very specific; remember you could include selling a multitude of different products (product family). You should consider including the type of pricing strategy you will implement in order to sell the greatest number of products.

Answer 1

If you were assigned the responsibility for selling your firms products on eBay, how would you achieve the highest price? Give five specific Ideas.

Answer :

EBay is one of the most active and competitive ecommerce websites & a very helpful platforms to sell the product at the minimum manufacturing cost with the maximum profit margin. As selling the product on an e commerce websites will give me a leverage to save on my infrastucture cost with a direct access to my product in details with the complete convenience to the customer. Hence the cost saved in store setup & its infrastructure would be saved. Apart from that if the product in online based I don't need to have multiple sales individuals to handle the customer into the store hence that would again same on my additional cost which could have occurred over myself in order to pay the staff in the store. There saving would be enough to attract the customer with the lowest possible selling price with the maximum possible profit margin keeping the customer at the most convenient side with a highest possible customer satisfaction.

Within your explanation please identify the type of product(s) you plan to sell. You should be very specific; remember you could Include selling a multitude of different products (product family).

Answer :

As my sister is very good in hand crafteer product I would love to keep several hand crafter clothes & accessories under the product tree where the products are been manufactured (worked upon) within the house with the machinery cost included. This is a kind of products are usually catching & rarely available, so customer would definitely get attracted toward the same which would help me to crack sales on it/ auction my product by bidding. This type of product wouold cover the need as well as could be a necessary with a unique craftwork and would definitely help me to make them sold easily with the maximum profit margin on the same.

You should consider Including the type of pricing strategy you will implement in order to sell the greatest number of products.

Answer :

Today in the world of such an economy everyone wants to save on something. Taking an advantage of such mentality of almost 80% of the consumers I would make sure that whom so ever makes a product purchase from my product tree, would get a guaranteed 5% off on his next purchase within a month of the first purchase which will be increased to 10% if he fulfills the criteria & buys the third product in the consecutive month. This 10% off will be valid for the customer till the time he will keep buying a product from my product tree within the period of every 30 days. This will not just help me to make money but also build a good relationship with a long term customer base.