HOW DOES FACEBOOK MARKETPLACE WORK?

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There is a lot of hustle and bustle going on regarding online trading. People tend to become technology savvy; thus prefer online marketplace.  Only a trustworthy, reliable and competitive marketplace.

Facebook is ruling among the social media platform. Its popularity has increased ever since it has stepped its footing in the global world. It’s constantly introducing its new range of features. Today, Facebook Marketplace has stepped in the online world, making difficult for others to compete effectively.

Read more about what we have already covered:

But before we go into more detail, let’s see what is Facebook Marketplace.

What is Facebook Marketplace?

facebook marketplace buy and sell - HOW DOES FACEBOOK MARKETPLACE WORK?

Just like any other marketplace; Facebook Marketplace offers a destination place. Here both producers and consumers exchange their goods and services for money. Within Facebook Marketplace anyone can post its new or used items for sale. It’s the best online marketplace platform for local areas.

These products can be classified into various categories. From, expensive products like cars and houses to small perishable goods like clothes, accessories and even cakes.

The process is very easy. The seller takes a picture, adds some description and posts it in the selling category. Moreover, things are really smooth from the buyer’s perspective too. The buyer messages the seller clicks on the picture to view details, and they have an agreement.

Facebook has streamlined the online marketplace for users. All you have to do is to tap on it, and the app will display all products around you.

Marketplace should always be a safe place for buying and selling. Even though, there is no guarantee that supports Facebook Marketplace. However, if someone attaches their name and face to sell something, there are less chances of fraudulent. Once again, I cannot determine its credibility of the deal you encounter on Facebook. Below, I am highlighting some tips to avoid a shady deal

Tips for a seller on Facebook Marketplace

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The following tips will help you sell your goods in the Facebook Marketplace. So, what are you waiting for? Read it and sell it

Take Impactful Picture Of Your Selling Items: Make sure you don’t have a cluttered background and the focus should be your selling item only. Your image itself should be a selling point for you. So don’t stock photos, use good lighting and take clear pictures Buyer intends to buy your good, so they want to see how it looks like.

Be Price Competitive: Negotiation is the part of the deal. You cannot charge fa fixed price for items in Facebook Marketplace. So, keep in your mind that the buyer will demand a further reduction of the price you have charged. No matter how competitive it is. So, its best to charge a high price and then negotiate a deal.

Your Personal Profile: Facebook Marketplace is linked with your Facebook profile. So, make sure you prepare your profile well. You need a well-lit photo of your smiling face not some random picture. The profile pic depicts credibility of the seller; entails person either a trustworthy or a scammer.

Make sure, you are not sharing private information.

Reasons Facebook Marketplace Is The Right Marketplace For You

There are numerous marketplaces but I favor Facebook marketplace due to the following reasons:

Mobile Sensitive: Smartphone is a need of almost every person in this technology savvy world. According to research, 80% of people own a personal mobile. Moreover, 70% among them prefer to buy goods online. Facebook Marketplace is mobile-friendly.  It is easy and efficient to create a listing on phone. Thus, similarly easy to sell items on your phone too.

Moreover, it’s easy to browse for products too. Since Facebook Marketplace offers you immediate goods available in your nearby location, thus requires less navigation. On the other hand, craigslist app requires a lot of complications. Moreover, apart from location, you can narrow down your search on the basis of category, price and product type. So, you can view a variety of goods within your prescribed need.

Safe Marketplace: the Online marketplace is associated with a lot of risks, fakeness, and fraudulent. Whereas, Facebook Marketplace links buyers and sellers profile with their Facebook accounts. Thus, the credibility of the seller and buyer can be depicted through their portfolio. Facebook Marketplace is comparatively safer, accountable and to some extent reliable too.

But beware of Facebook scams. They may exist in Facebook Marketplace too.

Efficient Marketplace: Facebook has 2.2 billion users.  Thus, it can be said that Facebook Marketplace is the biggest effective and efficient platform. It offers the biggest interface connection between sellers and buyers.  Therefore, any item you post for sale has a high frequency to be sold. The success rate for selling is high in Facebook Marketplace.

Privacy-Sensitive: Generally, an online marketplace requires seller and buyer to share their personal information. They need to reveal their email address or personal mobile numbers for smooth communication. But, at times revealing those details can be alarming. However, in Facebook Marketplace all the dealing occur through its messenger. Facebook Messenger offers a phone call service, thus emails and phone numbers are not essential.

Tips For Buyer On Facebook Marketplace

Facebook Marketplace helps you pick awesome goods at discounted prices. On the other hand, it is a platform for cheaters, robbers and scammers too. They are ready to rob you, so beware and protect yourself.

Chose A Safe Destination For Meet Up

Since the last decade, a lot of cases of robbery and fraud have been reported by police. So, always chose a right destination for meet up.

  • Never meet at someone’ s house
  • Meet in a public place
  • Avoid isolation areas; in case it’s your only choice to bring along one or two of your friends.
  • Meet in parking lots of police station, prefer “exchange spots”.
  • Exchange goods in clear view of security cameras.

Take Prompt Cash:

If you are making a deal and handing over the item, ensure prompt cash. Make sure the buyer exchanges the good for money at the same time. In some cases, they will never pay you later. So, don’t take the risk.

Preview The Seller Profile

Before you make a deal with the seller, ensure its credibility. The seller profile depicts their accountability. Let’s look into the details of a genuine seller

  • A lot of friends
  • Holds a strong profile
  • Personal profile picture
  • Personal profile available on ‘local scale page’
  • No scummy links available
  • Genuine picture of the selling item
  • Provides details about selling an item, provides proof.

Are You Ready To Make A Deal On Facebook Marketplace?

Facebook Marketplace is a new emerging platform for customers and sellers. It has created an enormous impact on the online world. But, there is still a lot to be improved. Customers and sellers both have the exposure to this vast marketplace. Both are being benefited.  To compete effectively with eBay and Craigslist they need to tune-up their process. They need to produce more consistent results.

Facebook marketplace needs to increase awareness, built trust and test the marketplace to produce effective results.

facebook marketing - HOW DOES FACEBOOK MARKETPLACE WORK?

So what do you say? Is Facebook Marketplace really ruling out?

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