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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
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.
Nestled within the highly sought after Preston Hollow community, this stunning Texas home will be sold to the highest bidder at a live auction on June 29, 2019.
A $131 billion deluge of Treasury notes is about to hit with yields at their lowest in more than a year. But bond traders can take heart: This week is also expected ...
In a move that should temporarily restore your faith in humanity, the Mexican government will be auctioning off a total of 82 cars seized from the wealthy, corrupt, ...
There is room to discuss postponement of at least one oil and gas auction in 2019.
Oregon. EUGENE. (Eugene Livestock Auction). May 18. Total Receipts: 768. Comments: Top 50 butcher cows were $68.25. Sheep and goats showed a slight ...
MEXICO CITY (Reuters) - Mexico's government will auction a Lamborghini, homes and other assets seized from gangsters and at least one former politician, ...
A sweater worn by Kurt Cobain during the singer's last photoshoot with Nirvana sold for $75,000 at auction Saturday. The cardigan, which Cobain donned at a ...
Data shows which new entrants to Christie's, Sotheby's, and Phillips contemporary sales sparked the fiercest bidding in New York.
Beginning with Classical Chinese paintings and continuing through collections of bronzes, ceramics, stone seals, and teapots, Gianguan Auctions' June 17th ...
A New Hampshire nutritionist who allegedly filed no federal tax returns for five years and tried to hide assets such as his homes by selling them to himself in ...
A Holland mansion previously listed as $5.65 million is up for an absolute auction, or no required minimum bid, next month. According to a news release, the ...
May 24th, 2019 by Saurabh. Lack of adequate and low-priced bids for large-scale solar and wind energy tenders has led the south Indian state of Tamil Nadu to ...
Collectors jostled at the high end of the market during the New York auctions, smashing record prices for more than four dozen artists, including Claude Monet ...
This SMS finish 1964 Kennedy half dollar graded Specimen 67 by Professional Coin Grading *Service* brought $87,187.50 May 12 at a GreatCollections online ...
The IRS is set to auction off some valuable assets this week that were seized from a person who failed to pay taxes to the agency over a number of years, ...
Sotheby's, the international broker of fine art, jewelry and collectibles will hold an auction titled "Important Judaica" on June 5.
Musser Bros. auction business in Pasco plans its first Bob Carter memorial auction Saturday at the airport featuring a 1951 Mercury, a restored Shelby ...
The North Dakota Department of Transportation auctions vehicles it can no longer use and now the DOT says it's putting vehicle bids online as well.
On Wednesday, May 15, 2019, an anonymous buyer paid slightly over $91 million to acquire American artist Jeff Koons' "Rabbit" sculpture at Christie's Post War ...
The California Air Resources Board just released the results from the latest – the 15th – joint California-Quebec cap-and-trade auction, and the program seems ...
More than $1.7bn of art was sold across five auctions in New York between May 13 and 16 but the art market is more fragmented than the numbers suggest.
Miami technology billionaire Manny Medina is going straight to auction with his Gables Estates mansion.
Car auctions are all the rage lately. Once the bastion of the car dealer, auctions have become mainstream, thanks in no small part to the internet. Of course, eBay ...
LUMBERTON — For one Lumberton woman, every item has a price, it just takes the highest bidder to find it. For about 12 years, Karen Price, 54…
Built over several decades, one of the best accumulations of New York Yankees memorabilia ever assembled is about to sold at auction. The private collection ...
DropIt is an online platform for 60-second reverse auctions, where prices start high and ratchet lower in one second increments. Founders, co-chief executives ...
Turkey is leaning on local banks to buy more government bonds in debt auctions.
Want a fire truck, a cheap ride or some oddity owned by Houston County? Check out the county's surplus auction June 6. A 1987 Ford Firetruck with 42,494 ...
Gianguan Auctions presents a slate of traditional scroll paintings by China's best selling painters on Monday, June 17th. The auction also includes collections of ...
A spectacular estate in Diamond Bar Country Estates, the gated enclave located in the San Gabriel Valley of eastern Los Angeles County will be sold by Elite ...
A John Lennon-owned copy of the Beatles' infamous “butcher cover” version of Yesterday and Today, autographed by three members of the Fab Four, sold for ...
New records were set for Mickalene Thomas, Amy Sherald, Ed Clark, Rashid Johnson, Kevin Beasley, and many more.
A Coral Gables waterfront estate once listed for $68 million sold for $25.5 million at auction, marking a 62.5 percent discount off the original asking price.
A US Navy memo warns that 5G mobile networks are likely to interfere with weather satellites, and senators are urging the Federal Communications ...
A trio of Shelby Cobras sold for a combined $7 million this past weekend. The cars were from the estate of noted collector Steven Juliano, who died from ...
David Hall, owner of National Book Auctions, was arrested on a felony second-degree grand larceny charge in November.
After eight minutes of heated competition, Claude Monet's 1890 painting “Meules” sold for $110.7 million on Tuesday, an auction high for the artist and the most ...
A rare Apple I has fetched roughly $471000 after selling at auction through Christie's auction house in London.
How much would you pay for a week-long sleepover at Jim Harbaugh's house? The Michigan football coach's home away from home in Coronado, California, ...
One person's trash is another person's treasure, as the saying goes. This was proven on May 18, when a paper plate was sold by Julien's Auctions for $22,400.
There are three types of buyers for the world's rarest Scotch whiskies: drinkers, collectors, and investors. Andy Simpson is all three. “Today's collectors provide ...
You never know what you might find in an auction house. That's what Thomas Langeland and his husband, Jason, like to say about Colorado Springs' ...
LOS ANGELES (CBSLA) — It's a countdown Michael Alatorre and his wife Andrea will likely never forgot. “Is this the closest we have come to the end,” he asks.
Services are next week for Lawrence DuMouchelle, who has appeared on 'Antiques Roadshow'
INDIANAPOLIS — There are more than 2,000 cars at the Mecum Auction at the Indiana State Fairgrounds. If you're looking for a new ride to cruise around in ...
The Maui News Maui County's Department of Environmental Management will be indefinitely suspending future abandoned vehicle auctions after the last ...
The sale of the Westinghouse complex on West 58th Street in Cleveland may be looming closer as an auctioneer sells off the equipment of its longtime occupant ...
By Ron Guth ..... Disclaimer: The author is an independent reporter. He has no affiliation with Legend Rare Coin Auctions and he has received no.
Kurt Cobain's dirty paper plate was sold at auction for $22400.
You may have heard of the hapless dodo — an endearingly squat, toddler-size flightless bird — that was driven to extinction in the late 1600s and hasn't been ...
Here are all the highlights at the Impressionist, modern, and contemporary art auctions in New York next week.
Nearly 800 tax-defaulted properties throughout Riverside County will be on the auction block, open for electronic bidding, beginning next Thursday.
The controversy over Fredericksburg's slave auction block led to a community discussion about its fate, but participants never reached a consensus on whether ...
The Nirvana frontman was eating pizza before a 1990 show in Washington, D.C., and he needed to write down his set list on. He grabbed his plate and listed the ...
Online auctions are an excellent way to sell classic collector cars, as demonstrated by eBay.com and the startup site BringATrailer.com, founded in 2007. EBay's ...
A newly remodeled mansion on the eastern edge of Los Angeles County is hitting the auction block with no reserve.
Workers in the arbitration department at ACV Auctions office in the Innovation Center at the Buffalo Niagara Medical Campus on April 3. The startup is one of ...
Liz Waldeck-Pinckert, director of publisher monetisation and strategy at AdColony, dicusses what the shift to the first-price auction model means for the industry.
The housing market could be set to recover as auction rates have doubled since the Federal Election last weekend, in what an expert takes as a positive ...
Every year Clark County holds its spring surplus auction and this year's preview and registration starts on May 8.
If you thought David Bowie's music was off-the-wall, wait until you hear the early recordings that didn't make it onto his first album.
A collection of first moonwalker Neil Armstrong's space memorabilia sold at auction this weekend for $2.34 million -- bringing the total amount purchased over ...
The MeiGray Group announced on Twitter that their auctions of various NWHL items secured $9,912.53 over the course of the 2018-19 season. We are thrilled ...
Pristine 1965 Mercedes-Benz 300SL Gullwing heads to auction to commemorate Bring a Trailer's new Plus and White Glove services.
ALLEGANY — As an antique auctioneer, Greg Carter has had the opportunity to purchase items from the stars of the television series, “American Pickers.”
Tariff bids by project developers continued to rise in Indian auctions, with several major developers avoiding large-scale auctions. The Solar Energy Corporation ...
An auction later this month will seek to sell more than 230 mostly residential parcels in Suffolk County.
Mecum is auctioning off dozens of neon signs that once graced the outer walls of Terry's Turf Club in Linwood.
The first official Formula 1® non-fungible token (NFT) collectible has gone on auction through F1DeltaTime, the Animoca Brands' Ethereum blockch.
CarWave may not be novel, but its apparent success in the online auction business shows there's a thirst for digital auctions.
Next week, billions of dollars of art will be up for sale at New York City auction houses, and the performance of top lots will set the tone for the art market for the ...
Emerald miner Gemfields raked in $22.4 million at its Singapore auction of higher quality emeralds from its Kagem mine in Zambia (May 14-17)
HOPEWELL — The annual Ontario County auction of tax-foreclosed properties concluded Wednesday with 22 properties sold — including one batch of 37 lots ...
Iconic rock memorabilia hits the auction block in New York City this weekend.
POWHATAN COUNTY, Va. -- A Powhatan woman took belongings from her childhood to an auction company 15 months ago, said the items still have not been ...
GREENWICH, CT -- Former All-Pro Baltimore Ravens center Matt Birk is auctioning off his waterfront Greenwich home next month for a starting bid of $3.25 ...
This position relative to header bidding presumes that other exchanges make no moves in relation to the change. I'm sure these elements will be in play, but ...
Houston, TX (PRWEB) May 24, 2019 -- Nestled within Memorial Villages, just west of downtown Houston, Piney Woods Edge offers the discerning buyer a ...
A major used-car dealer paid $17 million at auction for a Fort Lauderdale mansion, marking the most expensive single-family home sale over the last 18 months.
The Navatek II, which was removed last week from the Ala Wai Small Boat Harbor where it was listing, is one of five impounded vessels that the state plans to ...
John Lennon's personal "butcher" edition of The Beatles "Yesterday and Today" album, considered by many musicologists to be the most rare Fab Four album in ...
More than 30 vehicles will be auctioned off on Memorial Day as part of the York County Drug Task Force's biannual public auction.
Local auction and dealers donate antiques to help flood victims rebuild what they have lost financially.
The Art Institute of Chicago is selling — “deaccessioning,” in museum terms — more than 300 Chinese artworks through a Christie's auction in New York in ...
Todd Jay has been putting on the Edinboro Sports Memorabilia Auction since 1995. He's brought in all kinds of professional athletes to sign autographs and ...
One of the world's rarest and most important typewriters, the Hansen Writing Ball, has sold for more than $100000 at auction in Germany.
Clearance rate ticks higher for first time in months despite second-greatest number of auctions so far this year at the weekend.
Kansas residents have a chance to own one of Shawnee County's most famous restaurants.
A Ravenna auction house that was raided last month plans to be back in business this Friday. Customers who have been to MPA Liquidations, located at 123 N.
Jordan Noble became a local hero at the age of 14.
The great-grandfather of the Porsche 911 is going up for auction this summer, and it may end up being the most valuable Porsche ever sold.
The 24th annual Newspapers In Education Flea Market and Auction will take place on Saturday, June 1, in the Marquee Cinemas parking lot in Beckley.
Children's House Montessori School's annual online auction fundraiser is in full swing and you can join in the fun! Visit www.biddingowl.com/childrenshouse to ...
The U.S. Treasury Department sold $27 billion of 10-year notes on Wednesday, and by one important metric, it drew the lowest demand in a decade.
Sculptor Alexander Phimister Proctor's statue of Robert E. Lee will be open to bids with a starting price of $450,000 and the requirement that it not be displayed ...
The 5th Annual Scholarship Tournament Auction took place at the Canyon Springs Golf Course to raise money for scholarships.
Sotheby's is relocating its Aboriginal art auction from London to New York, moving the sale—to be timed with this year's November auction of contemporary ...
Funds from auction of 82 cars worth total of £1m will go to deprived communities.
Action 2 News wanted to know what happened to all the leftover merchandise when a store closes.
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