eBay is still the #1 online auction site. Tens of thousands of dollars exchange hands everyday on eBay. If you are not making money through eBay, you are missing out on a billion dollar pie! Having said that, does it mean that if I join eBay & find some products to sell, I will surely make money?
If that’s the case, there will be many millionaires out there.
Selling products on eBay can be fun IF you are making money. Just in any other businesses, choosing the WRONG things to sell on eBay will cost you dearly. In order to create profits on eBay, you need to know the HOW and the WHAT, and not the WHY. Like many sellers on eBay, I didn’t make any real money. Sure I did earn, but the profits that I earned in my first year wasn’t even worth mentioning here. Here is the secret: in order to profit on eBay, you need to find a product that is in HIGH demand with the least competition.
Many sellers jump into a hot product thinking that it will definitely sell like hotcakes. Sure it does. However, don’t forget that many more people are selling the same thing to the same market! How much can you possibly earn? It is just a matter of time you give up.
Here are some quick fixes that will help save you money in the long run.
1. Research. Find out more about the product that you are selling. Do a quick search on eBay and see how many sellers are offering the same product. If the competition is too stiff, find another product to sell. Keep repeating until you are happy with the competition level. Don’t jump in blindly and fight with the big boys. You will lose out.
2. Provide excellent customer service. If your current customers are happy with your service, they WILL come back and buy from you again. And be sure to ask for feedback. If you receive negative feedback, find out what really went wrong and what your customers are unhappy about. Don’t ever argue or show aloofness as this will only reflect badly on you.
3. Learn all you can about shipping. If you ship internationally, you need to know the various postage costs to the different countries. You need to pay particular attention to the different shipping companies as well. Use a shipping company that is reliable and that delivers right to the dot.
4. Learn from the Powersellers. The top 25 eBay affiliates each earn over 0,000 a month! If there is anyone that you have to take advice from, he/she will be the expert sellers on eBay! If you wish to learn everything by yourself, it will probably take you a couple of years before you can get things right. You could have given up by then and of course, more broke than ever.
George is the owner of AskGeorgeYeo.com, a Q-&-A-based information portal. Learn to sell like a Powerseller!. Feel free to drop by and post questions or add a link back to your own site.
There are numerous options available for you to start your own home business. I’d like to discuss with you how to start generating extra income by making money on eBay. Granted eBay isn’t the only auction site available, but it is the largest, and there’s plenty of money to be made.
The first thing you need in order to make money on eBay is items to sell. Finding items to sell shouldn’t be difficult at all. I’m sure you have some old or unwanted things lying around your house that you no longer want or use. Why not get some money from them instead of having them collect dust?
Even if you don’t think you have anything worth selling, you’re probably wrong. Anything and everything is making money on eBay for people. If you have old CD’s, movies or books, list them on eBay and get some money out of them. Unwanted clothes are a hidden treasure. I personally have much success selling unwanted pants and jeans on eBay.
If you run out of things to sell, start cleaning out your garage or attic. Offer to clean or organize garages for your neighbors for a fee. If they have anything they don’t want, tell them you’ll take it off their hands. Then, put it on eBay and make some money. Over time you’ll have a decent home business making money on eBay and doing something fun and enjoyable.
Now, if you’re serious about making money on eBay you may want to consider finding a dropshipper that can provide you with products at wholesale prices and also ship the products to your buyers for you. The best place I know to find a list of reliable dropshippers specifically for eBay is the SaleHoo Directory.
The only way you’re going to be able to make a full-time income with eBay is to sell multiple products every single day. It doesn’t hurt to make extra cash selling unwanted items around the house, but that’s not going to support you and your family. You need to be making consistent money on eBay, and the only way to do that is to find products that sell and a supplier that can provide those products at wholesale prices.
This may sound difficult and complicated, but it’s really not. If you’re completely new to eBay then the first thing you should do is open a free account. Then, visit their help center and learn everything you need to know about buying and selling. It’s best to educate yourself and be aware of all the procedures involved.
When you’re ready, get your feet wet. List your first item and get some experience about the entire selling process. Establish yourself and build a good reputation as someone that buyers would want to do business with. The feedback system that eBay has in place is your best friend and tells potential buyers how well you are as a seller. You want to do everything you can to make your buyers happy.
Before you start, do some research on the item you want to sell. See if anyone else is selling the exact same item. Take notes about the listing, marking every single detail. What I like to do is use as much as the listing as possible for my own, but I like to spice mine up a bit. If it’s got bids in the price range we want, then it’s a winner. I recommend adding to it and making yours stand out in some way. Look at the formatting and try to copy that as well. Don’t reinvent the wheel. Do what’s already working for somebody else, letting them do the hard work for you.
One crucial aspect to making money on eBay is providing your buyers an easy way to pay you. What you need to do is open up a free PayPal account and provide this method as a way for your buyers to pay you. PayPal is the preferred method for both buyers and sellers because it’s safe, fast and secure. This is essential to you making money on eBay and reaching out to the most amount of buyers as possible.
Something I see quite often is having a poor description and barely visible pictures. When crafting your listing, make sure to provide as much detail about the item you’re selling as possible, and always be honest and upfront. Also, take good pictures that show detail. The more the better. Make sure your pictures are clear and show the item accurately. This will ensure to get more bids and helping you make more money on eBay.
Once you start posting items on a regular basis you’re going to find out that creating listings can get very time consuming. This is where taking advantage of seller’s assistant tools will be in your best interest. You want to maximize your time as much as possible. This means spending as little time as necessary creating and uploading listings.
Turbo Lister and Auctiva are two tools I highly recommend you check out that will save you a lot of time when listing multiple items on a regular basis. Auctiva actually provides more tools for free compared to Turbo Lister, but they’re both very useful. You don’t need both, but make sure to get one or the other.
Overall, making money on eBay can be fun and exciting. Once you start selling and buying, it can become very addicting. Remember, take it slow at first and learn as much as you can. Most importantly, just have fun with it.
For more great money making tips, advice and resources, go to Alan’s work from home resources blog. Alan enjoys selling on eBay as well as providing work at home ideas for people struggling during this tough economic time.
Auction Profit Streams – Make Money on eBay®
Create multiple streams of income by setting up passive profits sales machines on eBay®! Auction Profit Streams – Make Money on eBay®
. HELP! WHERE DO I BEGIN? — leads you through the process of developing an inventory of items available for sale, determining what kind of sale you can (and should) have, and how to best focus your energies for a successful yard sale, garage sale, tag sale, moving sale, etc
GOODIES VERSUS GARBAGE — offers some simple guidelines for determining which of the items you have cleaned out have some possible value to others and should be sold in your garagesale, and which are really trash a
