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eBay: Can You Really Make Money Here? PDF Print E-mail

From The Salesmanship Side

So, how do you sell and make an income on eBay? Most individuals start by cleaning house literally. They start by getting rid of things throughout their home that they simply do not need. When you can take stuff you don't use and make a few dollars off of it, you'll want to do it more. Cleaning just got profitable!

But, besides just selling things from around the home, those that are true eBay sellers realize that they need more to sell. Some will have their own products or services to offer. For example, some will sell crafts and such. Others will purchase products for next to nothing and sell them at a slight markup. This is where most eBayers make their money.

Wholesale Options Too

To find products to sell for low costs, many eBay sellers tap into the world of wholesale. Don't worry, there are plenty of companies offering services online for wholesale prices if you by in quantity. Let's say that you find out that XYZ Retailer has 10 refurbished MP3 players that you can purchase for $50 each. The new cost would be well over $100. Now, you can list them on eBay and make a solid profit on these, right?

Don't Make Less Than It's Worth

One problem that many mistakenly run into is not getting their money's worth out of the products. But, eBay has protection here too. If you don't want to lose any money on your MP3 purchases, you simply use a reserve on your auction. This term means simply that until the reserve is met, the product will not be sold. So, if Jane Doe is the only bidder and only bids a mere penny, she won't win the bid unless she raises her bid to meet your reserve or beyond.

Keys To Being A Successful Auctioneer

eBay is not the only company that you can auction with but with over 2.6 million users each day, it is definitely the one to go to in order to make that five figure income. Here are some tips to be successful.

a. Provide excellent, crisp and clear pictures.

Make them as professional as possible by making them large enough to see detail. Offer several views. Along with the picture, provide an easy to read description. It needs to be detailed and can often be borrowed from the manufacturer's website. List the quality of the product and be clear about the condition it is in.

b. Drive feedback up.

One of the risks of eBay is that people are leery about providing their information to you. Will you deliver? The way to know if a seller is worth the risk is through their feedback rating. Keep yours high. Do this by delivering fast, answering questions quickly and clearly and being courteous. Also, make sure that you make your deliveries as safely as possible. Provide a guarantee of the product's quality and deliverables.

So, can you make Sarah's story your story?

Do you have a hidden ability to make a product? Or, perhaps you are able to help friends get rid of their products too. In fact some individuals actually pay people for things that they know will sell well on eBay and make a killing on it! It could be a good thing to start a business just by selling what's lying on your desk right now. Hmmm, what could you sell?

eBay may be the place for you to make a solid income. Consider taking a course to make sure you get all the tips and tricks out there.
 
About The Author

 

Keith Lee is a motivational speaker, a life coach and a fitness instructor for the past 10 yeras. He study and did research on the Internet Marketing Industry for years. Go to his webiste http://www.MyInternetMarketingSuccess.com for some superb tips.

 
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