Pros:
– Low startup cost. eBay is free to use and there are no monthly fees or hidden costs associated with the platform.
– Easy to set up shop. It’s easy to create your own store on eBay, set up a payment system, and get started selling in a matter of minutes.
– Flexibility. You can sell almost anything on eBay, and you have the freedom to set your own prices and terms for each item you list.
– Reach a large audience. eBay has millions of users around the world and anyone from anywhere can buy from you if you ship internationally.
Cons:
– High competition. With so many sellers on eBay, it can be difficult to stand out and get noticed by potential customers.
– Shipping costs. If you are selling physical items, you will need to factor in shipping costs when setting your prices which can eat into your profits.
– Difficulties with returns/refunds. It can be tricky to deal with disputes or returns on eBay, and you may have to absorb some of the costs yourself if a customer isn’t satisfied.
– Lack of control over feedback ratings. Since reviews are done by customers, it’s difficult to keep your ratings high since you don’t always have control over what people say about your products or services.