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Doing It eBay: An eBay Business Means Fun and Profits in a
Global Marketplace
In 1995, when Pierre Omidyar introduced an online business
venue that was essentially a virtual garage sale with auction
pricing, no one knew a retailing revolution was about to occur.
That site became known as eBay, and it's hard to find someone
today who hasn't at least heard about the popular online auction
company.
What's important to understand from the start is that eBay is
a sales channel that you can use exclusively or in addition to
selling through a retail operation, mail order catalog,
independent Web site, or network of direct salespeople. You
decide the type of business you want to have, what type of
merchandise you're going to sell, and how you're going to
operate.
To sell on eBay, you'll pay a listing fee to post your
merchandise and a final value fee (a small percentage of the sale
price) when the item sells. For the current eBay fee schedule,
check the eBay site.
What can you sell on eBay?
Though eBay is a popular place for the sale of used items
ranging from high-dollar antiques to second-hand junk, it's also
a venue for brand-new, up-to-the-minute merchandise of all types
and in all price ranges. Deciding what to sell on eBay can be
particularly challenging because your options are virtually
limitless. Some of the more popular categories of items are cars,
computers, consumer electronics, books, movies, music, sports
items, collectibles, clothing and accessories.
As you take the first step of deciding what to sell on eBay,
keep these points in mind:
· Have an interest in the product. Don't choose a product
based on potential profits alone; be sure it's something you'll
enjoy working with.
· Cost and sale price. How much will the item cost you
and how much can you reasonably expect to sell it for?
· Availability. Is the merchandise readily available or
will you risk having to deal with supply problems?
· Storage. Do you have room to store the merchandise?
· Packing and shipping. Consider what is involved in
packing and shipping the merchandise. Even though the buyer
typically pays the shipping costs, think about your labor, time,
and potential breakage.
· Seasonal issues. Will the item sell year-round or be
subject to seasonal fluctuations?
How do you sell on eBay?
You have a variety of ways to sell on eBay. In addition to the
traditional basic auction, where you post your item with a
starting price and wait for bidders to drive the price up, you
can use a number of other pricing features and auction types. In
addition to auctions, you can also set up your own eBay store,
which will allow you to sell auction and fixed-price merchandise
from your special location on eBay. You'll pay a monthly fee
based on the level of store services you want, plus additional
fees for items listed and sold.
The technical side of eBay
eBay has evolved into one of the most user-friendly sites on
the Internet. Getting set up as a user is a simple process that
you can complete in just a few minutes. You will be required to
provide your name, address, e-mail, and telephone number, as well
as a credit card number and your checking account information.
eBay uses this information to confirm your identity, which
protects the integrity of their operation, and to collect auction
fees. If your contact information changes, be sure to notify eBay
immediately.
You must register to buy or sell on eBay, but you can browse
around the site without registering. Before you do any business
on eBay, take the time to get to know the site. Set aside several
hours to get online and browse around, study listings, read the
help pages, understand the various tools and how you can use
them, check out the forums, and get comfortable with how the site
works.
Once your business is up and running, you'll probably want to
consider using supplemental auction management software, which
will save time and money, make you more efficient, and improve
the level of customer service you offer.
Getting started as an eBay seller
Start off by buying a few things, then start selling, posting
just one or two auctions at a time until you're comfortable with
how the process works. You'll make mistakes, especially in the
beginning, but if you learn from them they'll be worth the
cost.
Keep in mind that eBay is ever-changing. As the economy
cycles, you'll experience changes in pricing and demand. And as
more people start operating on eBay, the competition will
increase and prices may decline slightly (great when you're
buying, but not when you're selling).
If you plan to make selling on eBay a full-time business,
expect to work hard. Though there is plenty of money to be made
on eBay, it's not a get-rich-quick or easy deal. You'll invest as
much time and energy as you would in a traditional retail
operation--but your potential for profits is greater.
Don't be intimated by the sheer size of the operation, and
keep in mind that eBay has reached less than ten percent of its
potential market-which means there is plenty of room for you. So
find your eBay niche, get online, and watch your business
grow.
Jacquelyn Lynn is the co-author of Make Big Profits on eBay:
Start Your Own Million $ Business (with Charlene Davis,
Entrepreneur Press, 2005) and the author of Start Your Own
Business on eBay, plus nine other titles in Entrepreneur's
Start-Up Guide Series. For more information, visit http://www.jacquelynlynn.com
 MORE RESOURCES updated Thu. February / 09 / 2012
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Muckdogs planning for Hot Stove eventThe Daily News OnlineBATAVIA — The Genesee County Baseball Club will conduct its annual Batavia Muckdogs Hot Stove dinner and auction on Friday, March 2, 2012, from 5:30 to 8:30 pm at Terry Hills Golf Course and Banquet Facilities at 5122 Clinton St. Rd. Tickets are $25 ... |
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After kickbacks row, AP to review excise policyZee News"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 » |
Parda Phash |
Pay more for your favorite beverage!Parda PhashSo the prices of this variety of tea are expected to go up at auctions. It will push up CTC tea retail prices in the domestic market," Arun N. Singh, managing director and chief executive of tea major Goodricke Group, told reporters over phone.and more » |
Google News
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RELATED AUCTION INFORMATION ARTICLES:
The Down Side Of Using
Dropshippers In The eBay Auction Arena!
Ok, let me just say right up front that I am not against
drop-shipping! I love the concept. If you are dealing with
a particular wholesale drop-shipping distributor that is
serving your eBay ambitions well, then hold onto that
company with bonds of steel, for truly good drop-shippers
are hard to find!Drop-Shipping sounds like the utopian
business model.
From eBay Zero to
Power-Selling Hero: Don't Be That Random eBay
Guy
If I could convey only one concept to someone who was about
to start selling on eBay, it would be this: no one has ever
purchased anything on eBay with this in mind--"I think I'll
buy something on eBay from some random guy and pay more
than I would at the store down the street."No one has ever
said that.
Selling on eBay - Have
You Found the Magic Formula Yet?
Selling on eBay can be very profitable and a great way to
make some cash while clearing your house of unwanted items
at the same time. It's quite simple, just describe and
photograph your items and seven to ten days later you'll
get a payment though paypal or by check posted to you.
Low Cost, High Profit
Dream Products To Sell on eBay and Amazon
Finding quality products to sell is the key to continuing
success. Keeping a pipeline of low cost, fast moving items
to sell is also a must.
How to Win on
eBay
I've bought over 100 items on eBay over three years and am
ready to share my knowledge of how to win at eBay and buy
from reputable sellers.1.
Dropshipping on eBay,
Does It Work?
eBay offers any business owner a new global market to sell
his products or services on. You are no longer constrained
by geographical positioning.
The Drop Shipping
Business
You have suddenly found the perfect business and you are
all geared up to make lots of money. You have see the ads
about Drop shipping and it sounds great.
Your Auction Headline Or
Title - The Most Important Part Of Your Auction
The words you select to describe your item will have a
tremendous impact on the final price it receives or if it
receives any bids at all. This is because no matter how
great the item is you have up at auction, if you use words
that don't lead prospective buyers to it, no one will ever
see it.
To eBay or NOT to
eBay
FACT: eBay's Gross Merchandise Sales (GMS) 2003 - GMS, the
total value of items sold, was a record $24 billion,
representing a 60% year-over-year increase from the $15
billion reported in the full year 2002FACT: Over 79 million
times a day, eBay users find products and brands of their
choice. FACT: In the final quarter of 2003, reported and
increase of 41.
A Picture Paints a
Thousand Words and Creates Auction Euphoria on
eBay
Ever since I sold my first item on eBay I have been
addicted to the site and I have steadily developed it as a
supplementary source of income over the last two years. As
I gained experience from listing items, I rapidly became
aware that the inclusion of pictures in the listings was a
major selling point as buyers could literally see what they
were buying and as such create a greater interest and
desire within them which in turn led to greater selling
prices.
eBay is the Greatest
Opportunity YOU Have to Create a Career Online
eBay's being spoken about everywhere these days. At work,
school, down the pub.
Making Your Auction
Business Stand Out From The Crowd
When my sons were growing up they started playing hockey
when they were 6 years old. Each of them, in their first
year, scored more goals than the rest of their team
combined.
Auction Image Hosting
for eBay Auctions: Free Single Most Recommended
Tip
It is a well known fact that the more pictures taken of an
item, the better it will sell. Not only will you get more
bids, but you will make a superior final profit.
So, Can You Really Sell
EBooks On eBay And Make Cold Hard Cash?
Selling eBooks on eBay, and making any worthwhile profit
from doing so, is becoming more and more difficult.Gone are
the days when you could sell someone else's books on eBay,
and it's becoming considerably more difficult to sell
ebooks that you might have written yourself or via Public
Domain Publications.
Before You Sell On eBay,
Take The Most Important Step
If you want to earn a full-time income selling on eBay, you
must take the first and most important step in all
successful business ventures: you must accept that it is
possible.This probably sounds really trite--and maybe it
is, but that doesn't mean it's any less true.
Easy Money on
eBay?
eBay was only two years old when I discovered it.A friend I
worked with was also starting to sell on eBay at about the
same time, and we exchanged ideas and experiences
constantly.
Multiple Income Streams
on eBay within 30 Minutes!
POWERSELL Status, the secrets revealed.If like thousands of
people you have been using eBay and wondering how to gain a
regular income, and work from home, this article will help
you.
Save on eBay Fees with
Free Image Hosting
Experienced sellers at online auction sites such as eBay
will tell you that the single most effective tool of
persuasion is a good image. Multiple images are even
better.
City Police Auctions of
Personal Property and Autos
About City Police Departments Auctions. The City Police
Departments handle and store all evidence and property that
is seized or found until it is needed for court, returned
to its owner, or can be destroyed. Destruction, disposal,
or return of property is determined by the property and
evidence officer in accordance with federal, state, and
local law.
Dropship Your Way to
Success
Many people know they would like to start an Internet
business, but they don't have a product to sell. The
solution is often drop shipping.
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