Facebook Marketplace and the benefits of Buying and Selling on Facebook Marketplace.
Diversifying your revenue sources is a fantastic idea, but what about your e-commerce sales channels? If you sell physical things and depend entirely on one revenue stream, it’s time to diversify your revenue streams using Facebook Marketplace, the company’s social commerce platform. It’s a simple, quick, and cost-effective way to get your business off to a good start and increase sales:
- It’s completely free to use.
- It comes with a billion-user audience pre-installed.
- To sell, you don’t need a website.
- The Facebook app allows you to create listings while on the go.
When you add statistics like these to the mix, you get:
- Seventy-eight percent of people in the United States use Facebook to look for new products.
- 30% of customers would make a purchase using Facebook.
- Facebook is used by one out of every four business owners to market their products.
You’re squandering money and losing out on a competitive advantage. We’ll go over everything you need to know about Facebook Marketplace in this post, including how to establish your first listing, the perks, and what you can do to increase your sales on the network.
What Is Facebook Marketplace?
Facebook Marketplace is an online marketplace where users can buy and sell items. It’s comparable to Craigslist and eBay, but it’s far better. It’s a peer-to-peer marketplace where you can buy and sell new and old items. There is a variety of sorting options available, including category, location, and more.
Facebook Marketplace is the newest option for e-commerce businesses to earn sales and access Facebook’s 2.7 billion monthly active users without paying for listings or advertisements. Simply submit your item, and within 60 seconds, you’ll have access to a local audience eager to purchase it.
Benefits of Selling on Facebook Marketplace
So, why should you bother? Here are six reasons to consider Facebook’s Marketplace.
Facebook Marketplace Is Safer than Other Platforms
Craigslist’s lack of accountability and openness makes it “untrustworthy.” You can pretend to be anyone on Craigslist, and there isn’t much information to help buyers and sellers pick out scammers.
There is an additional element of trust with Facebook Marketplace. A Facebook account is required for each buyer and seller. It allows you to probe around and double-check that the individual is “real” by:
- Examining profiles
- Seeing how long the Facebook account has been active
- Observing past Marketplace action
- Any questionable suppliers or buyers should be reported.
While there’s no guarantee that Facebook Marketplace will be devoid of scams, its lack of anonymity makes it a safer alternative for everyone.
It’s Free to List an Item
What’s the most appealing aspect of utilizing Facebook Marketplace?
You don’t have to pay anything to use the platform. Creating a Facebook personal account or business page is free, as is listing an item. Unlike other systems, Facebook Marketplace lacks the following features:
- Insertion fees final value fees non-refundable listing deposits
There isn’t any of that on Facebook Marketplace. It’s one of the most cost-effective alternatives for small e-commerce shops.
Sellers and Buyers Can Send Instant Messages to Each Other
Immediate satisfaction It’s a value we’ve picked up from the Internet, and it’s made us irritable.
- Customer service is available 24 hours a day, seven days
- webpage load times that are lightening rapid
- With a sweep of our finger, we can order taxis, food, and event dates.
So what makes you think that online purchasing is any different? It isn’t the case with Marketplace.
With Messenger, Facebook solves our addiction by allowing buyers and sellers to communicate immediately. It’s a brilliant inbound marketing strategy.
If you don’t respond to a customer’s question concerning your product, you risk losing the transaction. Facebook Marketplace helps you finish the purchase before the person leaves on and buys from someone else, avoiding any potential profit hazards.
You Have Better Odds of Making a Sale on Facebook Marketplace
I’m not sure about you, but when I go to Craigslist or other similar sites, I’m looking for something specific. Facebook Marketplace operates in a unique way. The software makes use of users’ scrolling behavior, increasing the chances of someone seeing your item.
Marketplace advertisements will appear on users’ timelines and in recently seen products, improving the likelihood of a transaction. Then there’s the sheer number of people who use Marketplace on a monthly basis. Facebook’s platform is used by over a billion individuals, which is far less than Craigslist’s 55 million monthly users.
Post Your Listing to Facebook Groups
There are numerous “buy and sell” groups on Facebook. People are waiting to buy in each one, making it easier to sell than on eBay, Gumtree, or Craigslist.
Facebook takes it a step further by allowing you to publish your listing to local “buy and sell” groups. On a mobile device, you can list your item in up to ten groups to which you belong.
You choose ten at a time on the desktop, then go back and add the listing to ten more until you’re finished. Even if you have no marketing budget, this will enhance your organic reach on Facebook and provide you with vital exposure. Just make sure you’re not spamming or posting too much.
Facebook Creates a Personalized Shopping Experience
The Facebook algorithm isn’t limited to your newsfeed. When you go to Marketplace, you’re greeted with “Today’s Picks.” A curated collection of goods connected to previous Facebook searches, likes, and interactions.
If your item appears here, you can practically bet the user is interested in what you’re selling. When you combine that with the platform’s specialized shopping experience, your odds of making a sale increase even more, and that’s some serious power.