Operating with a physical store, combined with scheduled business hours allows buyers to stop by regularly to pick up, or browse the merchandise. Resellers who use Facebook marketplace have seen success by creating their own store, either out of their garage or at a local flea market. Take this time to learn which products sell and how buyers respond to the merchandise conditions as this will help develop your sourcing skills. Time consuming (listening and answering buyers’ questions)įor new resellers, Facebook Marketplace may be a great channel to test the waters and perfect your selling techniques before growing your business outside of your local community. When a prospective buyer opens your ad, they’ll see more details and a place to make an offer – as Facebook doesn’t currently offer a buy now option.Ībility to create a local store and buyer baseĭoes not have the same protections as eBay When selling on this platform, it’s essential to use high quality photos with the product taking the main stage. SELL ON FACEBOOK MARKETPLACE: Similar to Pinterest’s layout, Facebook prominently displays the image of the item being sold, with the title, description, location, and price below. Factor in your local community and sellers could build a new local and broad consumer base with easy access to social sharing. In October 2016, Facebook estimated that more than 450 Million people across the globe visit their platform’s buy and sell group every month. Marketplaces on Facebook combine the social engagement of its primary stream and an engaged audience eager to purchase goods for all occasions: electronics, home goods, shoes, accessories, apparel…and so much more! With sites like Craigslist, eBay and Amazon at the forefront, there is a new channel emerging on social media creating a massive audience to sell your merchandise. One of the most difficult steps in reselling liquidated merchandise comes when deciding where to list the products for maximum profit potential. Pros, Cons & Fees of Facebook Marketplace
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