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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 Wed. November / 14 / 2018

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German officials raise China alarm as 5G auctions loom - Channel NewsAsia

Channel NewsAsia

German officials raise China alarm as 5G auctions loom
Channel NewsAsia
BERLIN: Senior German officials are planning a last-ditch drive to convince the government to consider excluding Chinese firms such as Huawei from building the country's 5G infrastructure amid concerns this could compromise national security.


Academy of Art University Auctions 45 of Its Cars - Robb Report

Robb Report

Academy of Art University Auctions 45 of Its Cars
Robb Report
Stephens' daughter, Elisa (the school's current president), is selling a small portion of the collection during Mecum Auctions' Las Vegas sale, to be held November 15 through 17. Proceeds from the auction of these cars—which carry estimates ranging ...


German officials sound China alarm as 5G auctions loom - The Straits Times

The Straits Times

German officials sound China alarm as 5G auctions loom
The Straits Times
The behind-the-scenes push in Berlin, which comes after decisions by Australia and the United States to ban Chinese suppliers from 5G, has emerged at a late stage, with Germany expected to start its 5G auctions in early 2019. Because of this momentum, ...

and more »

Why auctions makes the housing market downturn worse - The Cairns Post

The Cairns Post

Why auctions makes the housing market downturn worse
The Cairns Post
CoreLogic figures show only 46.8 per cent of homes sold at auction last week. Brisbane is doing the worst at 32.1 per cent, while Melbourne and Sydney were almost tied at 48.3 and 48.4 per cent respectively. CoreLogic national auction market ...


Movers and shakers: the latest trade updates including a new face at Robert Young Antiques, a new home for ... - antiquestradegazette.com

Movers and shakers: the latest trade updates including a new face at Robert Young Antiques, a new home for ...
antiquestradegazette.com
Co-managing director of Chiswick Auctions William Rouse said: “Having Minas on board, with his experience and knowledge of the Greek art and auction market, will be pivotal in developing our reputation in Greece, a country rich in history and one which ...


Why auctions makes the housing market downturn worse - Geelong Advertiser

Geelong Advertiser

Why auctions makes the housing market downturn worse
Geelong Advertiser
CoreLogic figures show only 46.8 per cent of homes sold at auction last week. Brisbane is doing the worst at 32.1 per cent, while Melbourne and Sydney were almost tied at 48.3 and 48.4 per cent respectively. CoreLogic national auction market ...


Why auctions makes the housing market downturn worse - NEWS.com.au

NEWS.com.au

Why auctions makes the housing market downturn worse
NEWS.com.au
Clearance rates have now entered their seventh week in a row with less than half of all properties going to auction come out the other side sold. CoreLogic figures show only 46.8 per cent of homes sold at auction last week. Brisbane is doing the worst ...

and more »

Marie Antoinette's jewels up for auction - BBC News

BBC News

Marie Antoinette's jewels up for auction
BBC News
Jewels once belonging to ill-fated French Queen Marie Antoinette are being auctioned in what is being called one of the most important royal jewellery auctions in history. They have not been seen in public for 200 years and include a pearl and diamond ...

and more »

Marie Antoinette's jewels up for auction - BBC News

BBC News

Marie Antoinette's jewels up for auction
BBC News
Jewels once belonging to ill-fated French Queen Marie Antoinette are being auctioned in what is being called one of the most important royal jewellery auctions in history. They have not been seen in public for 200 years and include a pearl and diamond ...

and more »

As German 5G Auctions Loom, Officials Push To Exclude Chinese Tech - ChannelNews

ChannelNews

As German 5G Auctions Loom, Officials Push To Exclude Chinese Tech
ChannelNews
The move comes late in the game as Germany's 5G auctions are expected to begin in early 2019, leading many to believe that the push will fail as the “fragile” coalition government isn't expected to make a major decision that could sour international ...

and more »

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