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Starting an eBay Home Business
Do I need to explain what eBay is?
If 'Yes', where have you been living for the past 5 years? On
Mars?
eBay is the world's largest Internet auction site. There are a
reported 30,000,000 users, but that number has probably increased
in the time delay between me writing this article and you reading
it.
There is no doubt that eBay is a fantastic place to find
bargains. There really doesn't seem to be any limit to what you
can find and buy there. I've seen websites sold for 8 million and
real estate going for $12,000,000.
That's some hefty stuff!
But did you know you can get a cut of that action? eBay has
created more home businesses than any other event in human
history, and to think, only a short while ago the Internet as we
know it didn't even exist.
To become an eBay seller all you need to do is register as a
seller and then put up your product for sale.
However, that is an over-simplified summary, here are a few
considerations you must ..err..consider:
? What products will I sell?
? Where will I find my products?
? How much will it cost me to sell each product (price of
product + eBay listing fees)?
? Where in eBay will I list my products?
? What will I say in my ad?
? What starting bid should I choose?
? How will I process payments?
? How will I get the product to the buyer?
Let's look at each of these questions a little closer..
? What products will I sell? Choose products that are
in abundant supply (because you can sell more and not waste time
searching for them) but not readily available in your local
Walmart (unless you can sell them a lot cheaper).
? Where will I find my products? Find a supplier that
can provide the products you want at a good price. Not as
difficult as it sounds, read
http://www.007workfromhome.com/drop-shipping-course.htm to learn
more.
? How much will it cost me to sell each product (price of
product + eBay listing fees)? When creating your ads
(eBay listings) you will notice there are different listing
options that have different fees. But you must be sure that at
the end of the day, you are left with a profit after listing fees
and product cost.
? Where in eBay will I list my products? The only way
to know what will work best for your product is testing. I tend
to list my products in several different categories, with
different listing options to test which works best for that
product.
? What will I say in my ad? Most importantly, use
keywords in your title that people looking for your product will
use when searching, combine keyword phrases where possible.
Always include photos and be very descriptive in the content of
your listing. If there is a problem with the product, say so.
? What starting bid should I choose? Some people say
the starting bid should be the zero point, that is, the price at
which you break even. That way you can't lose money (unless no
one bids). Other people say you should set the starting bid low
to stimulate bidding. Experience and testing will provide the
answer.
? How will I process payments? Most payments are
processed by Paypal. Unless you have specific requirements, just
use Paypal until you get the hang of things.
? How will I get the product to the buyer? If you use
a drop-shipper, they will send the product. If you stock the
product, go to the post office or use your preferred shipping
method and send ASAP.
Some additional points:
? Always follow eBay rules or you'll just create problems for
yourself.
? Always ask the winning bidder for POSITIVE feedback.
? Always keep learning how to improve your eBay business.
I'm by no means an expert at eBay, having only recently begun
using it as an extra revenue source.
The 2 best resources I know of are:
http://www.auctionsecrets.com/ and
http://theautomaticmoneymachine.com/
..notice neither of those links are affiliate links. I'm
recommending them because they are good, not because I'll make
money.
In the next issue we will be taking a closer look at resell
rights and how you can sell someone else's product and still
collect 100% of the profit? yes it's possible and I'll show you
how.
Until next time, remember persistence pays off - BIG TIME.
Your Friend
Murray Hughes
007 Work From Home
http://www.007workfromhome.com/eBay-home-business.htm
If you enjoyed this article and want to get started working
out of your very own house, then head over to Work at Home Businesses
today and enroll in Murray's zero cost Work.From.Home Email
Course and also learn from his many exclusively written lessons
available at the site. For AOL Users: Work At Home Business
 MORE RESOURCES updated Thu. February / 09 / 2012
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Elizabeth Taylor auctions raise $183 millionHuffington PostChristie's auction house says all of the 1817 lots offered sold at auctions in New York and London, some at 50 times their pre-sale estimates. The top lot was Vincent van Gogh's landscape "Vue de l'asile et de la Chapelle de Remy," which once hung in ...and more » |
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Elizabeth Taylor auctions raise $183 millionThe Associated PressChristie's auction house says all of the 1817 lots offered sold at auctions in New York and London, some at 50 times their pre-sale estimates. The top lot was Vincent van Gogh's landscape "Vue de l'asile et de la Chapelle de Remy," which once hung in ...and more » |
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Elizabeth Taylor auctions raise $183 millionSan Jose Mercury NewsChristie's auction house says all of the 1817 lots offered sold at auctions in New York and London, some at 50 times their pre-sale estimates. The top lot was Vincent van Gogh's landscape "Vue de l'asile et de la Chapelle de Remy," which once hung in ...and more » |
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Andhra Pradesh Govt to Review Excise PolicyOutlook"The next round of auctions is due in June. So we should have a new policy in place before that," the Minister added. "Syndicates are neither new nor restricted to liquor trade alone. Syndicates exist in sand and other businesses as well," Mopidevi ...and more » |
BBC News |
Miro work fails to sell at London auctionBBC NewsA 1933 work by the Spanish artist Joan Miro failed to sell on Wednesday in a week that has seen other pieces sold for record prices at London auctions. Miro's Peinture had been valued between £7m and £10m but went unsold at the Sotheby's event.and more » |
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Surprisingly weak demand for Hungarian bonds at auctionsportfolio.huHungary's Government Debt Management Agency (ÁKK) has received HUF 62.2 billion worth of bids from primary dealers on a HUF 43 bn lot of bonds and in response to the muted demand it sold only HUF 40 bn worth of debt at auctions on Thursday. |
3G.co.uk |
HTC Launches First 4G LTE Smartphone in Europe3G.co.ukVodafone in Germany are just getting ready to launch their 4G network, but in the UK the 4G auctions are yet to even take place. The HTC Velocity, which is similar to the HTC Vivid LTE that launched in the US, should be released in the next few weeks ...and more » |
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KeyDrive Acquires Moniker and SnapNamesBusiness Wire (press release)... investments Key-Systems®, Moniker® and SnapNames® offer a complete suite of domain name products and services worldwide including access to over 300 domain name extensions, full-serve brokerage, live and online auctions and monetization services.and more » |
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LEAP event supports literacyKPCnews.comTickets for Saturday's event cost $50 per person and include food and beverage tasting, live entertainment by Dan Heath with the Paradise Band, along with the chance to bid on gift items at two auctions. The evening will feature a variety of food ... |
Google News
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One question that always seems to pop up is, "Where do I
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Have you spent hours on the internet searching for a viable
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Secret #1: Find a 'real' wholesale and drop ship company. Do
you know what one of the biggest problem is to be
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Losing Sales By
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As a serious seller on eBay you're familiar with their fee
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