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Looking to buy something new or sell something you currently have? The marketplace on Facebook is the place to be. You can buy goods in addition to listing them for sale. Additionally, the entire process is quite quick and simple.
You've come to the right place if you're eager to participate but have pressing inquiries like "How does Facebook Marketplace work?" or "Does Facebook Marketplace impose fees?"
In addition to the greatest advice for selling on Facebook Marketplace and obtaining the highest potential price for your item, we have solutions to all of your questions.
Facebook Marketplace: How to Use It
What you should know about selling on Facebook Marketplace is as follows:
How to use Facebook's Marketplace
Go to Facebook's "Marketplace" area, click "Create New Listing," and then enter the information about your product.
After selecting your listing type, you are prepared to provide all necessary information. You'll need to provide a title, a desired selling price, a description, and information about the item's condition. This will contain the complete name of the product, its specifications, the color, and any other pertinent information.
Put yourself in the buyer's position and make sure you've provided all the information you would want if you were making an online purchase from a merchant to ensure a successful sale. Buyers will be more interested in your product if you provide more information than just the name and quality.
After you've completed haggling, be sure to finalize your agreement with the buyer on Facebook Messenger, making sure you've agreed on the item's price and the location of your meeting.
You can also join local Facebook selling groups if you're having problems selling. These make it much simpler to locate the ideal candidate for your offering.
Is there a price for using Facebook Marketplace?
The fact that Facebook Marketplace is largely free to use is one of its strongest features. There are no listing costs, and Facebook often won't take a percentage of your transaction.
There is currently only one exception to this, though. There is a 2% fee if you decide to ship items through Facebook Marketplace directly by post as opposed to exchanging them in person. However, Facebook has deferred payment until the next year.
The charge will be reinstated at the beginning of 2023.
It will be determined as a percentage of the item's total cost, including postage. Consequently, you would pay 2% of £12 if you sold something for £10 and the cost of shipping was £2. (24p). Also take note that this regulation will be followed whether the customer or you are the one paying for the delivery.
Facebook Market is in charge.
There are some limitations, just like with every website like this. What cannot be sold on Facebook Marketplace, as well as some other guidelines to take into account:
Things that are not "actual stuff" cannot be sold (physical products). This implies that you cannot, for instance, list jobs.
Additionally, you are not permitted to sell services like cleaning.
You must make sure the image corresponds to the item's name and description. If not, your listing might be taken down.
Animals cannot be sold on Facebook Marketplace (or list any for adoption).
Any listings for products used in healthcare are prohibited. Don't include your first aid kit or additional paracetamol tablets on the list.
Facebook Marketplace will also eliminate ads for fitness and weight reduction services that include before and after photographs.
Take quality images of your goods.
One of the most important aspects of being able to sell a property quickly and for a better price is making sure your listing has quality images.
First off, we advise using the camera on your phone if it has one.
Quantity, though, is just as significant as quality. It's best if your listing has more photographs. In order for the buyer to clearly understand what they will receive if they decide to purchase your goods, try to capture it from a variety of angles.
Natural light looks fantastic as well. We've discovered that putting the item in a neighboring window's light is effective. Even better, use other products to make a backdrop that depicts the object in use.
For instance, to draw attention to a vase that we were trying to sell, we added some dried flowers to it and placed a few planters and decorations close.
Finally, we've discovered that post-processing the image can help to add the last touches. We're not advising you to apply a Snapchat filter, but experiment with settings like the image's brightness.
The photo application on most smartphones should offer a capability for this. Try downloading a free app from your app store if yours doesn't. Alternately, save your images to your computer and edit them using one of these free programs.
Find out how much to sell for.
Do your homework in advance if you want to negotiate the greatest price for your goods.
We advise determining the item's retail price when it is fresh new and comparing it to the item's condition. Consider how much you would have to pay if you bought it online.
After that, check the prices at which others are offering this item for sale online, including on eBay and Facebook Marketplace. This should help you determine how much to charge for your product.
Price your item higher on the website
Always list your thing at a price that is a little bit more than what you are willing to sell it for. You offer yourself some leeway to maneuver in this manner.
Try listing your stuff for £20 if you want £15 for it, for instance. This way, you can make extra money if someone actually purchases it for £20. However, if the buyer tries to haggle, which is likely to happen, you can still get what you really wanted.
According to our observations, bids are typically placed in £5 increments. Using the same scenario, if you posted your product for £20, they might approach you right away and make you an offer of £15 that you weren't expecting.
It's a win-win situation since you'll get the money you really wanted and the buyer will think they got a good deal.
Your stuff should be posted.
Facebook Marketplace has established itself as a popular platform for buying and selling goods in your neighborhood. Some buyers could, however, inquire as to if you can mail it to them if they can't come to you in person. You might respond "yes" depending on how you want to play it.
If so, you have to accept money first before sending. Giving your PayPal or bank information for a transfer is what we advise. You do this at your own risk and independently of Facebook Marketplace's own delivery mechanism.
Please be aware that trading for cash in person is typically safer because you will be able to verify whether you have been paid or not. Scammers frequently encourage you to ship the item right away after "confirming" in a bogus PayPal email that your account has received the funds. You might have already sent the item by the time you realized they hadn't actually paid.
The decision to add a postal fee is thereafter yours. Buyers are typically ready for this. To appropriately charge the seller, be sure to check the Royal Mail website for letter and parcel pricing.
Selling something online carries some hazards, particularly if the buyer doesn't receive it (or says they didn't!). Obtaining proof of postage when sending a package is the recommended course of action in this case. In this method, you will be able to track the goods if there are any delivery problems.
Additionally, you may be eligible to receive up to £20 in compensation from Royal Mail if your item is lost during a basic service (on standard delivery).
Make sure to bring a companion.
Since you may never be completely sure of who is on the other side of a Facebook profile, meeting up with a local buyer can frequently be a stressful encounter.
Try to make the meeting site visible to others and, ideally, far from your home for safety. For added security, bring a friend along, and make sure they give you the appropriate amount of cash (assuming they haven't already transferred the funds to you).
Make sure your surrounds are secure as you travel back home. We don't intend to scare you, and we sincerely hope that everything goes successfully. It is still worthwhile to take all reasonable precautions to make the transaction as secure as feasible in a public setting.
If you choose to sell on eBay, there are costs involved. You must include in the seller's fee and the postage even though your item might sell for a little bit more on eBay (and the hassle of taking it to the Post Office). You might only profit a few pounds at the end of it.
However, we have discovered that eBay occasionally conducts specials with £1 seller costs or even totally free listings. Although you can turn it on in your account, eBay typically advertises it with a banner on their home page. Or, simply keep an eye on our website's Student Deals area, where we frequently highlight excellent deals.
It can be simpler to sell your used CDs and DVDs to a website like MusicMagpie if you're interested in doing so. It will save you a ton of hassle, but you probably won't get as much of a return. For further information, see our guide to selling CDs, DVDs, and games online.
Last but not least, if you're wanting to offer handcrafted goods, Etsy might be a better option.
Give using Freecycle
Consider donating your item on Freecycle if you've placed it on Facebook Marketplace (or any other website) and it isn't selling as quickly as you'd want.
Anyone can list any item they wish gone immediately on Freecycle. You'll get messages from neighbors who are willing to come and pick it up for free. Better than visiting a landfill, for sure!
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