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Whatever you want to buy, whether it’s large or small, cheap or expensive, everyday or just plain weird, the chances are you can find it on eBay. It’s the largest auction site in the world, and when it comes to the variety of what’s on sale, size is vital. When was the last time you heard of someone getting a great deal on a weird and wonderful item at uBid or Yahoo Auctions?
People who’ve got used to eBay don’t often stop to think how amazing it is – an online marketplace where you can buy things from all over the world, without leaving your home. You can get things that you would never think anyone would bother to sell, and you can get them cheaply. The powerful search engine means that you can find things you’ll like without even knowing exactly what you’re looking for.
Not only that, but you can send money quickly and electronically to almost all of these sellers, without worrying about currency conversion or exchange rates or anything else.
If you’re looking for rarities or bargains, eBay is an ideal place to buy.
The Case Against.
However much you might dream of a truly international marketplace, international postage costs will always bring you back down to reality with a thud. Do you have any idea how much it costs to send even the smallest thing to the other side of the world?
Then there’s the fact that eBay is packed with fraudsters and scammers, preying on the innocent users who’ve heard that eBay is a great place to buy stuff but don’t know the risks. People can lose thousands of dollars, and eBay do nothing. Is that fair? It is hard to even leave negative feedback for the very worst sellers, for fear that they will retaliate and leave a black mark against your own account.
eBay is unfair to buyers when other buyers don’t play fair, and unfair to sellers who end up selling things for a very low price, only to have eBay’s fees take away the last part of their profit margin.
The Verdict.
Those are the arguments for and against. So is eBay good, or bad? I’ll leave it up to you to decide. For me, though, the answer is this: as long as you’re aware of the downsides, and you know how to protect yourself from scammers and fraudsters and how to get ahead of the competition, eBay is one of the best places in the world to shop. Having followed us this far, of course, you now know all these things, which means that for you, eBay is a great place!
Now that you know so much about eBay, in fact, why not use it to do your holiday shopping? Millions of smart shoppers from around the world already flock to eBay every holiday season to save on their presents and other holiday stuff – the next email will show you how to become one of those people.
The complete newbies guide to “Buying & Selling eBooks on eBay & The World Wide Web” is a 2007 Best Seller. – “I have doubled my income in the past year just from reading this eBook and implementing many of the strategies that it contains.” David Stewart
Over the last few years the number of people using eBay has grown rapidly. While many eBay users are just buying and selling for some extra cash or as a hobby, there are many people out there taking it to a new level and running their own full-time business.
These people are making their eBay home business a main source of income and have figured out all eBay’s marketing strategies in order to be productive.
There are many reasons to start an eBay home business, but whatever the reason, it is sure to be successful.
Why start an eBay home business? Out of all worldwide businesses, 64% said that the Internet has had a good impact on their sales. Also, having an online business can greatly increase geographical sales by reaching customers all over the world, which otherwise, would never have been possible. 73% of business owners have also managed to cut their administrative costs by putting their business online.
An eBay home business can give you the flexibility to start work when you want and finish when you want. Working from home, you can be your own boss and decision making is entirely down to you and no-one else.
Starting an eBay home business is relatively easy and a little market research will go a long way in determining your success.
Selling junk that people don’t want will get you nowhere and you’ll most probably be doomed for failure… even before you begin, but researching into what products are’ Hot’ and what your buyers are actually looking for, will most definitely have the opposite effect and your eBay shop visitor’s will be screaming out to buy your products.
‘eBay Seller Central’ http://pages.ebay.com/sellercentral offer an excellent resource in getting you up to speed with every aspect of the eBay marketplace. This also includes ratios on what products are selling well and products that are not.
You should also consider using third party eBay market research tools such as Terapeak or HammerTap in your marketplace research.
The bottom line is supply and demand; you must find the products that are in demand and then supply that specific market.
A recent ‘AC Nelson’ poll showed that nearly 53% of online shoppers plan to buy even more in the next year. A large part of this shopping is done on eBay. After all, it is the Internet’s No.1 shopping and auction website. If that’s not a good reason to start an eBay home business, then I don’t know what is.
With over 160 million registered eBay shoppers and over 100,000 of them on eBay each day, an eBay home business definitely has the potential to be successful and make the user a lucrative income.
eBay also offer excellent e-commerce advice and helpful tips to get you started at: http://pages.ebay.com/merchantsolutions/ecommerceresources/ and can put you in good stead throughout the duration of your new business venture.
Thinking of what to sell on eBay with your new home business needn’t be difficult.
Do you have a specific hobby that would interest others or do you know enough about a subject that would perhaps class you as an expert in that field? If so, create and information product that would pertain to that specific hobby for example:
Cycling – “A guide to Bicycle trips in Europe.” Bicycle spare parts are also becoming harder to find. Creating a market for this specific niche could be potentially profitable.
Cookery – “101 Delicious recipes for Diabetics.” You may have been a chef or cook and you’re looking to create an additional revenue stream using the knowledge you possess.
Recently, eBay has disallowed the sales of digital products on auctions. You can still sell information products with classified ads or you can sell a CD with your product(s) on it as a regular auction listing.
Google is a fabulous resource for market research and by simply typing into their search query box whatever interests you, would return thousands, if not millions of topics to give you ideas and inspiration to get your eBay home business started.
Providing your customers with a service or a product that cures a problem, can provide your new eBay business with profitable sales for many years to come.
Allen Owen is an enthusiastic home business entrepreneur and engineer. Have a look at his eBay tips e-zine: http://www.thedigitalresevoir.com
