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Cases - 3 Reasons Why eBay Sellers Give Up
You've listed good quality items over and over again to sell them on eBay, but can't seem to make the sales you think you should be making. You've read all the popular books about eBay, but you still fall flat on your face. Why? The According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product re are 7 reasons that eBay sellers fail and give up, this article is going to focus on three of them. 1. Your Product Source Disappears or Becomes Unreliable You have listed some good items and the auctions are about to end. Just a ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in t that point, you learn that your drop ship supplier is out of the items you are selling or is closing completely, leaving you high and dry. You have to scramble to find a new source. If you can't get replacements of the same items, you are left expla lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. ining to buyers why the item they are getting is different. If you do find the same items somewhere else, the price you pay means you lose money on it. And the new company won't drop ship. You will have to take delivery and then ship to the buyers. Th here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe is means extra expense and a longer waiting time for your buyer. You might have been ordering in advance to be sure you have the item in stock, but suddenly you can't get new stock. You have to start from scratch to find a new source. In the mean tim d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro e, there are no auctions and no money coming in. You might even be told by a supplier that they will ship the items but it is weeks and you still haven't received anything. You email and call but get no response. Tip: When you look for a new source t ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc o supply items to sell, look at their reputation, and the length of time they have been in business. Also read reviews on sources. Contact other people who have used the sources you are considering. Make sure they are consistently reliable and deliver easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi outstanding service. 2. High eBay and Paypal Fees You are making sales but the fees from eBay and Paypal are taking a huge bite out of your profits. You have a reserve set so you won't have to take less than a certain amount. You us nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically e the 'Buy Now' feature. Or you have your starting bid near the amount you want to get. You list your items as 'featured' listing. You list each item numerous times. Using all these extra features costs extra. Many add-ons not only aren't of much hel and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ p but can actually hinder your auction. Like 'Buy Now'. If your price is seen as too high, they will look elsewhere. Having your starting bid set too high will hurt. People will bid first on those items with a lower starting bid. Having a reserve will ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi hurt you more than help you. It is best to have a low starting bid in a 'No Reserve' auction. All those things you have been paying extra for can be dropped and you will begin to see higher profits. Likewise, PayPal fees can easily get out of hand. ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a Setup a merchant account and benefit from lower fees on all future transactions outside eBay. 3. Poor Customer Service Results in Too Many Negative Feedbacks You have auctions going but you don't keep up with your dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod email, and bidders' questions are going unanswered. Or you are giving short, even curt answers that don't satisfy the bidders. When an auction is finished, maybe you are waiting a while before shipping and not keeping the buyer informed. If you have n cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin o contact with the bidder during and after the auction you increase the chances of getting negative feedback. If you habitually fail to respond to bidder questions and don't keep contact with the winning bidder after the auction, the resulting negativ tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen feedback will tell other potential bidders for future auctions that you could be difficult to work with and trust. It is vital to be quick to respond to questions from bidders, by providing friendly and detailed answers. If you don't know the answer t? As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel right off, find out. You should be as knowledgeable as possible about the items you sell. Always be polite and professional in your contact with bidders. This will help them to trust you as a seller. Once the auction has ended, contact the buyer to ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust confirm shipping info. This will help to ensure the item gets delivered quickly without delays caused by faulty or missing information in the shipping address. Let the buyer know when you expect to ship after payment is made and again when you have ac y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products tually shipped. After allowing adequate time for the item to reach the buyer, contact him or her again to ask if it arrived safely. If there is a problem with the item on arrival, be prepared to work with the buyer on reaching a fair settlement, whet . As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de her it is a refund or a replacement. This is all part of providing good customer service and will lead to positive feedback and a customer who will not hesitate to bid in your future auctions. Summing Up Most people give up selling elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip on eBay largely because they follow the crowd of sellers who don't know what they're doing!. Many of the most popular books on how to sell on eBay give conflicting information and bad advice, ultimately confusing the reader. Don't fall into that trap tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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