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How to Make Money from Internet Auctions
If your business is not using eBay and other Internet
auctions, you could be missing out. Here are just a few ways of
generating additional income, profits and cashflow from online
auctions.
1. Convert Excess Assets to Cash
Sell personal or business items that you no longer use. For
example, are there slow moving inventory items in your store? A
major camera store chain sells their slow movers, quite
successfully, through eBay.
2. Buy and Sell Anything
Sometimes people put things out in the garbage because they
don't need them anymore and don't know anyone who could use them.
You can successfully sell some of these items by Internet
auction.
As well, if you pick up bargains from garage sales, flea
markets, importers, wholesalers, closeout dealers or other
sources, these items can also be sold through online
auctions.
3. Drop Shipping
There are suppliers who will ship one item at a time for you.
You don't have to stock any inventory. You simply pay your
dropship supplier out of the money you receive from your auction
sale. They will ship the product directly to your customer.
For further information about drop shipping, visit: http://www.yenommarketinginc.com/dropship.html
4. Self-Publishing
Do you have expertise in a specialized area of interest to
people? Then, you could publish your own information product.
A very popular format for self-publishing information products
is the electronic book (or e-book). E-book compilers, some of
which are free, are readily available on the Internet. When
people buy your e-book, they can download it from your website or
receive it by e-mail.
You could sell such self-published information products on
eBay and other Internet auction sites. Incidentally, online
auctions are an inexpensive method of testing the market for your
information (or other) products.
For further information about self-publishing, visit:
http://www.yenommarketinginc.com/selfpub.html
5. Reprint and Resale Rights
You may not want to produce your own information products
presently. Or, perhaps, you may already have an information
product, but would like to supplement your income with
additional, related product offerings. This is where reprint and
resale rights come in.
You can buy the rights to reprint or resell excellent
information products created by other people. Some of these
rights are inexpensive.
In addition to selling these products from your own website,
you can use Internet auctions to create extra sales. Another
advantage of online auctions is that they can create additional
traffic for your website.
For further information about reprint and resale rights, visit
http://www.yenommarketinginc.com/instantpub.html
6. Sell Your Services
Do you design logos or websites? Do you sell consulting or
other services? These, also, can be successfully sold through
eBay and other auction sites.
7. Run an eBay Consignment Shop
There are still people who don't have a computer or who don't
use eBay. You could sell on a consignment basis for them, taking
a commission on the successful sale. You would need to charge for
advertising expenses incurred, such as eBay listing and selling
fees.
8. Promote Affiliate Programs through Auctions
Some affiliate programs have brandable e-books that contain
your affiliate link. When people order from the e-book that they
bought from your online auction, you get credit for the sale. As
well, some of those purchasers may sign up as affiliates, earning
you additional commissions.
Some of these e-books have valuable information that is worth
the nominal value you would sell it for on eBay. In other cases,
such an e-book is readily available for free. In this latter
case, you might consider selling another related product and
offer the e-book as a free bonus.
For further information about affiliate programs, visit
http://www.yenommarketinginc.com/affiliate.html
9. Supply Fellow Online Auctioneers
During the gold rush days, it is said that those who sold
picks and shovels were more likely to make money than those
panning for gold. Similarly, since there is such a big market for
online auctions, you can make money supplying eBayers with
information and auction tools to help them start and grow their
own online auction business.
10. Internet Auction Consulting
As you gain experience and expertise in online auctions, you
might consider charging for your knowledge.
Consulting services, seminars, information products and other
ways of packaging your knowledge can earn you additional income
streams.
For more information about consulting, visit: http://www.yenommarketinginc.com/consulting.html
These are just a few of the ways you can profit from Internet
auctions.
For more information about Internet auctions, visit:
http://www.yenommarketinginc.com/auctions.html
RESOURCE BOX:
J. Stephen Pope, President of Pope Consulting Inc., http://www.popeconsultinginc.com/
has been helping clients to earn maximum business profits for
over twenty-five years.
For valuable Work at Home Small Business Ideas, visit
http://www.yenommarketinginc.com/
 MORE RESOURCES updated Thu. February / 09 / 2012
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Keeping them in the familyRegina Leader-PostOn the phone with Jeffrey Hoare Auctions Inc. of London, Ont., was Douglas's daughter, well-known Canadian actress and activist Shirley Douglas. She was bidding on the pieces of family history and, in the end, won the auction with a bid of $20000. |
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Treasuries Snap Loss as Greece Fails to Produce Economic PlanBusinessWeekThe Treasury Department is scheduled to auction $16 billion of 30-year bonds today. “Triple A bonds are where we should be invested,” said Hideo Shimomura, who helps oversee the equivalent of $77.8 billion in Tokyo as chief fund investor at Mitsubishi ... |
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Vanity Fair Oscar Party Invites Draw $100000 at AuctionsBusinessWeekCharitybuzz.com, which runs auctions for nonprofits and philanthropic causes, is offering two tickets to the bash the magazine throws after the Academy Awards. The bidding ends Feb. 20, six days before the event, with proceeds going to a Los Angeles ...and more » |
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Taylor auctions raise almost £120mDrogheda IndependentA collection of artwork, jewellery and fashion belonging to Elizabeth Taylor has sold for almost £120 million at auction. Every item in the collection of more than 1800 lots was sold, some at 50 times their pre-sale estimates. The auctions took place ...and more » |
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Gems from the past up for auctionDrogheda IndependentA UNIQUE auction of antiques, vintage, collectable items and farm implements will take place at The Auction Rooms, John Street, Kells, Co. Meath on Saturday February 18th at 11a.m. This sale consists of items from the private collection of the late Mr. |
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Treasuries Snap Loss as Greece Fails to Produce Economic PlanBloombergThe Treasury Department is scheduled to auction $16 billion of 30-year bonds today. “Triple A bonds are where we should be invested,” said Hideo Shimomura, who helps oversee the equivalent of $77.8 billion in Tokyo as chief fund investor at Mitsubishi ... |
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Supply shortage, wage hike to make tea costlyEconomic TimesSo 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 IANS over phone.and more » |
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LVC Holds 5th Annual Pink GameFOX43.comThe Dutchmen played the game in custom pink jerseys which are up for bid in a special auction to raise funds. Ticket proceeds, raffles and auctions are all ways to collect some cash for the cause. The "Pink Game" is important to everyone in the LVC ...and more » |
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LVC Holds 5th Annual Pink GameFOX43.comThe Dutchmen played the game in custom pink jerseys which are up for bid in a special auction to raise funds. Ticket proceeds, raffles and auctions are all ways to collect some cash for the cause. The "Pink Game" is important to everyone in the LVC ...and more » |
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