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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. July / 23 / 2018

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UK government announces biennial clean energy auctions from 2019 - Scottish Construction Now

Scottish Construction Now

UK government announces biennial clean energy auctions from 2019
Scottish Construction Now
These clean electricity auctions will be held in 2019 and every two years from then on, signalling support worth up to £557 million for industry. The minister said the auction will make the UK a beacon for inward investment. Claire Perry added: “The UK ...


David Bowie's First Band Demo To Fetch Thousands At Music Auction - Contactmusic.com

Contactmusic.com

David Bowie's First Band Demo To Fetch Thousands At Music Auction
Contactmusic.com
What is thought to be the first ever documented recording by David Bowie, created during his time with a band called the Konrads, is going up for auction this Fall and it's expected to go for thousands. The tape was found by the band's drummer and ...

and more »

Offshore wind looks to the future as UK moves to calm nerves - Recharge

Recharge

Offshore wind looks to the future as UK moves to calm nerves
Recharge
The offshore wind industry has been turning the screws on the UK government for months over clarity on plans for the next decade, and on Monday it got what it wanted – a commitment to hold CfD auctions every two years through the 2020s. Britain became ...

and more »

UK offshore wind capacity set to double following government announcement - Offshore Wind Journal

Offshore Wind Journal

UK offshore wind capacity set to double following government announcement
Offshore Wind Journal
RenewableUK has welcomed an announcement by the Department for Business, Energy and Industrial Strategy on new auctions that will secure renewable energy sources and see the UK's offshore wind capacity nearly double over the next decade.

and more »

New power auctions for offshore wind and remote island energy announced - Energy Voice

Energy Voice

New power auctions for offshore wind and remote island energy announced
Energy Voice
The UK Government has today announced a support package for remote island, first time and offshore wind energy worth £557 million. The Contracts for Difference (CfD) package, which will allow smaller and remote island developments to bid for contracts ...

and more »

Jersey jeweller Hettich auctions 2018 Rolex GMT Master II to raise money for local hospice - WatchPro

WatchPro

Jersey jeweller Hettich auctions 2018 Rolex GMT Master II to raise money for local hospice
WatchPro
Rolex's Pepsi-coloured GMT Master II is among this year's most unattainable timepieces for watch lovers, which makes it all the more remarkable that Hettich Jewellers in Jersey is giving one away for charity. Jeffrey Chinn, director of Hettich, has ...


Industry joy at GB auction plan - reNews

reNews

Industry joy at GB auction plan
reNews
Industry groups have welcomed the UK government's commitment to a rolling series of Contracts for Difference auctions starting in May next year and then every other year. RenewableUK said the plans, covering both offshore wind as well as remote islands ...

and more »

US Treasury yields sit tight ahead of bill auctions - Yahoo Finance UK

US Treasury yields sit tight ahead of bill auctions
Yahoo Finance UK
The U.S. Treasury is scheduled to auction $51 billion in 13-week bills and $45 billion in 26-week bills. The size of a four-week bill, set to take place Tuesday, will also be announced. Meantime, existing home sales figures are set to be published at ...

and more »

US Treasury yields sit tight ahead of bill auctions - CNBC

CNBC

US Treasury yields sit tight ahead of bill auctions
CNBC
The U.S. Treasury is scheduled to auction $51 billion in 13-week bills and $45 billion in 26-week bills. The size of a four-week bill, set to take place Tuesday, will also be announced. Meantime, existing home sales figures are set to be published at ...

and more »

British Medical Auctions (BMA) Announces Formation of Business Division, British Laboratory Auctions (BLA) - Markets Insider

British Medical Auctions (BMA) Announces Formation of Business Division, British Laboratory Auctions (BLA)
Markets Insider
Today, the Founder and CEO of British Medical Auctions (BMA) Markus Grad announced the formation of a new business division - British Laboratory Auctions (BLA). British Medical Auctions said the new division had been created in response to the demand ...


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