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Get Yourself A Piece of The eBay Pie


eBay is without a doubt the greatest internet marketing phenomenon of all time. Millions of people log on every minute and every second there are hundreds of items listed, sold and bought, and of course money is made. It has become the world's largest marketplace, where the potential for selling an item is exponentially increased due to the sheer volume of people who can view the item for sale.

The attraction eBay holds for the most people is the possibility of selling or buying anonymously, and getting a great bargain. And for the first time ordinary people are making extraordinary incomes selling literally everything from beanie babies to diamond rings and cars. For those who venture out of their comfort zones into the cybermarket place, the following may com in handy as a guide to selling on eBay:

A. RESEARCH WHAT IS LIKELY TO SELL, DON'T JUST SELL ANYTHING

Contrary to what you might think, not everything sells on eBay. Your success on eBay depends on selling what people want and need, and what they will pay for. You can find this out by browsing closed auctions of items you are interested in selling, see how many bids there were for the item and how high the bid price went. The more bids and the higher the closing price the more successful the auction.

B. ASSESS THE COMPETITION

It's no use selling an item that there are hundreds of thousands to choose from. Your chances of success will be severely diminished. The rarer the item and the fewer the number of people selling the same item the better your chances of making a sale. Find out how many similar items there are for sale by using the search feature on eBay. Avoid items that are oversupplied and that everybody else is selling.

C. FIND THE CHEAPEST SOURCE OF THE ITEM
 
The best way to begin is by using a drop shipper. This is a wholesaler who will ship single items on your behalf to your customers and does not charge you a fee to do so. You don't have to keep inventory of the items you sell, and you order the item to be shipped to the buyer after you have sold it on eBay, thereby reducing your risk to near zero. Remember the principle "Buy low and sell high" That is the key to maximizing your profits.

D. LEARN THE TRICKS OF THE TRADE

It is prudent to learn as much as you can about how eBay works before you start, as there is more to it than meets the eye. There is no surer way to fail than to jump in without doing your homework well and believe me, it is work. If anyone says otherwise they're simply not telling the truth.

E. START WITH A SMALL MONTHLY BUDGET AND STICK TO IT

Don't spend more money that you can afford to lose. As with all businesses it takes time to tweak your skills to perfection. It is very easy to fall prey to internet sharks who promise fantastic returns in a short period of time. It simply does not work that way.

F. GIVE IT TIME

Forget about making a lot of money in a short time. It is slow tedious work, and make some allowances for failure. Don't get discouraged. Find out what works and what does not work and improve yourself as you go along.

c. Michael Schandorf-Lartey 2004
http://www.amazingdealz.dropshipdesign.com

 

 

Michael Schandorf-Lartey is an internet entrepreneur, and operates a successful wholesale sourcing website that assists internet newcomers to launch their own eBay businesses. He lives in Clermont, Florida with his wife and three children.


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Mon. October / 23 / 2017

The growth and struggle of local auctioneering - Macau Business Daily

Macau Business Daily

The growth and struggle of local auctioneering
Macau Business Daily
Our company was established in Macau in 2016, although we previously had most of our auctions held in Beijing. What is the current auction industry like in Macau? My opinion towards Macau is, first of all, it is an international city. Most of the ...


Cherokee Needy Children's Auction Dec. 16th - Chronicle Times

Cherokee Needy Children's Auction Dec. 16th
Chronicle Times
Stan Sitzmann has been in charge of all previous 47 auctions, and he says he is “hoping to reach the 50th, and then have someone else take over,as his health has been “sliding downhill.” For now, though, Stan will be out collecting for this year's ...


Auction action from around Adelaide on the weekend - NEWS.com.au

NEWS.com.au

Auction action from around Adelaide on the weekend
NEWS.com.au
THERE were 147 auctions held in Adelaide last weekend, with a 66.1 per cent clearance rate. Here are the results of some of the more interesting sales, from a character home in the CBD to a Kensington Gardens unit in need of renovations and an ...


Home sales rise but market remains soft - NEWS.com.au

Home sales rise but market remains soft
NEWS.com.au
Tasmania, the smallest auction market, recorded the highest preliminary clearance rate of the five capital cities, with 80 per cent of the five reported auctions successful, followed by Melbourne's 73.3 per cent. Brisbane and Perth had the lowest ...

and more »

Home sales rise but market remains soft - The Australian

Home sales rise but market remains soft
The Australian
Tasmania, the smallest auction market, recorded the highest preliminary clearance rate of the five capital cities, with 80 per cent of the five reported auctions successful, followed by Melbourne's 73.3 per cent. Brisbane and Perth had the lowest ...

and more »

Home sales rise but market remains soft - Brisbane Times

Home sales rise but market remains soft
Brisbane Times
Home sales across Australia's capital cities have risen slightly in the past week, but the market remains soft and prices steady. The national auction clearance rate rose to 69.4 per cent in the week to October 22, from a revised 67 per cent in the ...


Home sales rise but market remains soft - The Sydney Morning Herald

The Sydney Morning Herald

Home sales rise but market remains soft
The Sydney Morning Herald
Home sales across Australia's capital cities have risen slightly in the past week, but the market remains soft and prices steady. The national auction clearance rate rose to 69.4 per cent in the week to October 22, from a revised 67 per cent in the ...

and more »

Home sales rise but market remains soft - SBS

Home sales rise but market remains soft
SBS
The national auction clearance rate rose to 69.4 per cent in the week to October 22, from a revised 67 per cent in the previous week, marking a 21st consecutive week with a clearance rate below 70 per cent, preliminary figures from property data group ...

and more »

Treasury Auctions Set for the Week of Oct. 23 - New York Times

Treasury Auctions Set for the Week of Oct. 23
New York Times
The Treasury's schedule of financing this week includes Monday's regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday. At the close of the New York cash market on Friday, the rate on the outstanding ...


Lawsuit aims to halt Berkshire Museum sale of artwork - Bennington Banner

Bennington Banner

Lawsuit aims to halt Berkshire Museum sale of artwork
Bennington Banner
PITTSFIELD, Mass. — Three sons of artist Norman Rockwell went to court Friday to stop the auction of 40 works owned by the Berkshire Museum, including two donated by their father. Their action represents the clearest challenge to date of the museum's ...

and more »

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