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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. September / 19 / 2018

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Explainer: Why auction clearance rates matter - Domain News

Domain News

Explainer: Why auction clearance rates matter
Domain News
The Domain auction clearance rate is the portion of properties successfully sold at an auction, or prior to an auction. It is represented as a percentage. The percentage is found by dividing the aforementioned auction sales by the total number of ...


The post-spectrum phase of Indian telecom - The Ken

The Ken

The post-spectrum phase of Indian telecom
The Ken
After consolidation in the telecom industry, the remaining players say they have a surplus of spectrum. This is likely to throw a spanner in TRAI's plans for another spectrum auction. TRAI has recommended lowering base prices for the auction, but debt ...


Bemidji Sculpture Walk to hold auction for dog statues - Bemidji Pioneer

Bemidji Pioneer

Bemidji Sculpture Walk to hold auction for dog statues
Bemidji Pioneer
BEMIDJI—As of Monday, there were a dozen fewer sculptures around downtown Bemidji, as the painted dogs in storefront windows and on street corners were taken down to prepare for their upcoming sale.


Kings Care Foundation Mobile Auction - NHL.com

Kings Care Foundation Mobile Auction
NHL.com
Support the Kings Care Foundation by bidding on items through our Mobile Auction! Auctions take place at home games throughout the season based on homestands. Mobile bidding means you don't have to be at a game to participate in the auction -- you ...


ACV Auctions ranked in top 20 on 2018 “Top Company Cultures” list presented by Entrepreneur and Energage - NEWSTAGE

ACV Auctions ranked in top 20 on 2018 “Top Company Cultures” list presented by Entrepreneur and Energage
NEWSTAGE
18, 2018 /PRNewswire/ — ACV Auctions Inc., the leading dealer-to-dealer, online wholesale auction platform, was recently ranked on Entrepreneur magazine's Top Company Cultures list, a comprehensive ranking of U.S.-based businesses exhibiting ...

and more »

ACV Auctions ranked in top 20 on 2018 "Top Company Cultures" list presented by Entrepreneur and Energage - PR Newswire (press release)

ACV Auctions ranked in top 20 on 2018 "Top Company Cultures" list presented by Entrepreneur and Energage
PR Newswire (press release)
18, 2018 /PRNewswire/ -- ACV Auctions Inc., the leading dealer-to-dealer, online wholesale auction platform, was recently ranked on Entrepreneur magazine's Top Company Cultures list, a comprehensive ranking of U.S.-based businesses exhibiting ...

and more »

ACV Auctions ranked in top 20 on 2018 "Top Company Cultures" list presented by Entrepreneur and Energage - IT News Online

ACV Auctions ranked in top 20 on 2018 "Top Company Cultures" list presented by Entrepreneur and Energage
IT News Online
18, 2018 /PRNewswire/ -- ACV Auctions Inc., the leading dealer-to-dealer, online wholesale auction platform, was recently ranked on Entrepreneur magazine's Top Company Cultures list, a comprehensive ranking of U.S.-based businesses exhibiting ...

and more »

ACV Auctions ranked in top 20 on 2018 "Top Company Cultures" list presented by Entrepreneur and Energage - Benzinga

ACV Auctions ranked in top 20 on 2018 "Top Company Cultures" list presented by Entrepreneur and Energage
Benzinga
18, 2018 /PRNewswire/ -- ACV Auctions Inc., the leading dealer-to-dealer, online wholesale auction platform, was recently ranked on Entrepreneur magazine's Top Company Cultures list, a comprehensive ranking of U.S.-based businesses exhibiting ...

and more »

How to Buy and Sell Rare Wine at Auction - Wine Enthusiast Magazine

Wine Enthusiast Magazine

How to Buy and Sell Rare Wine at Auction
Wine Enthusiast Magazine
Online auctions are more frequent and good options for collectors who want to buy and sell in a shorter time frame. Zachys holds monthly auctions in addition to its eight live auctions throughout the year. Others even offer weekly online auctions.


Hofer Portrait Leads Brunk Auctions' September 14-15 Sale - Antiques and the Arts Online

Antiques and the Arts Online

Hofer Portrait Leads Brunk Auctions' September 14-15 Sale
Antiques and the Arts Online
ASHEVILLE, N.C. — A winsome painting of a woman in green by German artist Karl Hofer (1878-1955) was the top lot at Brunk Auctions' September 14-15 sale. The work had been given by the artist to the mother of the consignor and had been estimated at ...


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