Facebook Marketplace Fees, Pros and Cons | FB Marketplace Pros and Cons

When determining where to list the goods for full profit potential, one of the most challenging steps in reselling liquidated merchandise occurs. With websites like Craigslist, eBay, and Amazon at the forefront, a new social media platform is emerging to build a large audience to sell your products.

Facebook marketplaces merge their primary stream’s social interaction with a devoted audience willing to buy items for all occasions: appliances, home goods, shoes, clothes, clothing… and so much more!

Facebook reported in October 2016 that more than 450 million individuals around the globe visit the buy and sell a group of their website every month. A new local and wide customer base with easy access to social sharing could be generated by a factor in your local community and sellers.

SALE ON FACEBOOK MARKETPLACE: Similar to the layout of Pinterest, Facebook shows the picture of the item being sold prominently, with the title, definition, venue, and price below. It’s important to use high-quality images with the product taking the main stage when selling on this site.

They can see more information and a place to make a bid when a prospective buyer opens your ad, as Facebook does not currently offer an option to purchase now.

PROS:
Group of the Local
Alerts in real-time for fresh deals
Capability to develop a local store and base for buyers
Simple to list and sell
To create your brand, converse with buyers

CONS:
Purchasers can withdraw offers
May not have the same defenses as eBay
Fraudulent bids
Enabled only on a smartphone app
Time-consuming (listening to questions from customers and answering them)
Self-storage of goods until they are sold

FEES:
None

For new resellers, before expanding your company beyond your local community, Facebook Marketplace can be a great channel to test the waters and perfect your selling techniques. Take this time to consider which goods are marketed and how consumers react to the requirements of the merchandise, as this will help improve your sourcing skills.

Resellers that use the Facebook marketplace have been popular either out of their garage or at a nearby flea market by building their own store. Combined with scheduled business hours, operating with a physical store enables customers to stop by frequently to pick up or browse the products. Browsing upon pickup can also mean increasing the size of the order, meaning the seller’s fast upselling income!

Liquidation.com recommends you complete the transaction in a private, well-populated area during daylight hours for vendors where a physical store is not feasible. Ask the buyer to come with cash to ensure that the payment transfer is completed and secure. Either charge a shipping fee to cover the time, miles, and gas or have the buyer arrange to ship if the buyer wishes for the item to be shipped.

Study each marketplace before listing to decide where your item, or products, will get the highest return. A study on the initial investment of the liquidated products was carried out at this stage, now take the time to research your reselling channel to find the one that can give you the return you need to maximize profits.

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