The concept of online selling and bidding really went revolution because of E-Bay. Through E-Bay, both sellers and buyers could make the most out of their deals. Despite the revolutionary way of E-Bay, there are still some pitfalls when using it as a way for a profitable business.
These pitfalls are divided into different categories. One of the most common downfalls of E-Bay is the market differences. Though the world seems smaller now because of revolutionary technologies, it is however divided.
This division could be shown in the different market interest of countries. These differences could be attributed to culture, language, religion, beliefs, customs, and even distance. Some products which are popular in the European area might not be a hit to other parts of Asia. Instead of reaching a worldwide market, the products only reach the interested market.
The next pitfall would be the work needed in order to process the materials coming from other countries. This involves the taxes as well as the shipping costs. Some countries have absurd international rules meaning that if you bought something online from Switzerland and you live in Singapore, the shipping rate as well as the taxes charged could worth more than the item itself. This is one of the worries of potential customers because they do not like the high rates included when ordering directly from E-Bay. Despite the original intent of the convenience of E-Bay, many people are not willing to risks their credit cards in charging that kind of amount.
Aside from money issues, there are also government regulations that should be considered when ordering in E-Bay. Sometimes, there are government regulations that state that certain products are prohibited in the country. Be sure to be familiar with the legal things of purchasing something from other countries because you might never know, you could be a candidate for jail without you even knowing that it is illegal.
Other than that, there is still an age-old problem that could be considered as a pitfall in E-Bay. It is called communication. There is still the existence of the communication barrier. In the world of the internet, miscommunication is a common thing and this could happen when holding transactions on the internet. The common language on the internet is English and if ever you do not have the capacity to express and comprehend English, it would eliminate the chance of expanding your market.
Despite all of those pitfalls, there are still ways to overcome these obstacles. The Internet is here to stay and so is E-Bay.