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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:
..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.
007 Work From Home
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
By Swati Pandey SYDNEY (Reuters) - Australia's housing market seems to have come out of its doldrums with the hard-hit cities of Sydney and Melbourne set ...
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Former President Barack Obama's game-worn high school basketball jersey – nearly lost forever in the trash – has sold at auction for $120000.
The No. 23 basketball jersey believed to have been worn by President Obama when he was a high school senior sold in an online auction for $120000.
The final five minutes of trading have become the busiest time of day for stock market traders in Europe.
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Last month, 95 foreclosed properties in Ingham County were auctioned to the highest bidder, and any money the county made above what was owed in ...
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An auction house selling the jersey, which the former president is believed to have worn while playing in high school, says it could fetch that much when bidding ...
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With only three others painted in this sparkling hue, this.
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(RENO, Nev.) — An unopened copy of a 1987 cult-classic video game that a Nevada man found in the attic of his childhood home is expected to sell for up to ...
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Heritage Auctions estimates Barack Obama's No. 23 jersey from Punahou High School's 1978-79 championship team could sell for as much as $100000.
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The auction of Sundale Country Club was again postponed Wednesday, leaving the troubled golf club property — and the neighborhood surrounding it — in ...
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Upset tax sale scheduled for Sept. 20 unless back taxes are paid.
The world's first 30-year bond featuring zero income struggled to find buyers, prompting Germany's debt agency to admit the sale may have been “too large.”
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Despite many saying the cow wasn't going survive with a fifth leg growing from her head, she seems healthy.
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Once listed for $1 billion, a 157-acre parcel of land in Beverly Hills known as The Mountain has sold at a foreclosure auction to its lender for just $100,000.
A Green Bay Packers stock certificate from 1923, the public offering that saved the franchise, will be up for auction on Saturday.
An auction next month will sell items inside the now-closed Reid Memorial Presbyterian Church, but none of its historic features will be included.
ST. LOUIS - Bob Gibson's game-worn jersey from the Cardinals' 1964 season netted $66000 at auction over the weekend. Robert Edward Auctions launched ...
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