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Learn exactly How To Quickly Create Ebay Affiliate Stores. The ability to create profitable niche websites is at your fingertips…. More >>
There are numerous options available for you to start your own home business. I’d like to discuss with you how to start generating extra income by making money on eBay. Granted eBay isn’t the only auction site available, but it is the largest, and there’s plenty of money to be made.
The first thing you need in order to make money on eBay is items to sell. Finding items to sell shouldn’t be difficult at all. I’m sure you have some old or unwanted things lying around your house that you no longer want or use. Why not get some money from them instead of having them collect dust?
Even if you don’t think you have anything worth selling, you’re probably wrong. Anything and everything is making money on eBay for people. If you have old CD’s, movies or books, list them on eBay and get some money out of them. Unwanted clothes are a hidden treasure. I personally have much success selling unwanted pants and jeans on eBay.
If you run out of things to sell, start cleaning out your garage or attic. Offer to clean or organize garages for your neighbors for a fee. If they have anything they don’t want, tell them you’ll take it off their hands. Then, put it on eBay and make some money. Over time you’ll have a decent home business making money on eBay and doing something fun and enjoyable.
Now, if you’re serious about making money on eBay you may want to consider finding a dropshipper that can provide you with products at wholesale prices and also ship the products to your buyers for you. The best place I know to find a list of reliable dropshippers specifically for eBay is the SaleHoo Directory.
The only way you’re going to be able to make a full-time income with eBay is to sell multiple products every single day. It doesn’t hurt to make extra cash selling unwanted items around the house, but that’s not going to support you and your family. You need to be making consistent money on eBay, and the only way to do that is to find products that sell and a supplier that can provide those products at wholesale prices.
This may sound difficult and complicated, but it’s really not. If you’re completely new to eBay then the first thing you should do is open a free account. Then, visit their help center and learn everything you need to know about buying and selling. It’s best to educate yourself and be aware of all the procedures involved.
When you’re ready, get your feet wet. List your first item and get some experience about the entire selling process. Establish yourself and build a good reputation as someone that buyers would want to do business with. The feedback system that eBay has in place is your best friend and tells potential buyers how well you are as a seller. You want to do everything you can to make your buyers happy.
Before you start, do some research on the item you want to sell. See if anyone else is selling the exact same item. Take notes about the listing, marking every single detail. What I like to do is use as much as the listing as possible for my own, but I like to spice mine up a bit. If it’s got bids in the price range we want, then it’s a winner. I recommend adding to it and making yours stand out in some way. Look at the formatting and try to copy that as well. Don’t reinvent the wheel. Do what’s already working for somebody else, letting them do the hard work for you.
One crucial aspect to making money on eBay is providing your buyers an easy way to pay you. What you need to do is open up a free PayPal account and provide this method as a way for your buyers to pay you. PayPal is the preferred method for both buyers and sellers because it’s safe, fast and secure. This is essential to you making money on eBay and reaching out to the most amount of buyers as possible.
Something I see quite often is having a poor description and barely visible pictures. When crafting your listing, make sure to provide as much detail about the item you’re selling as possible, and always be honest and upfront. Also, take good pictures that show detail. The more the better. Make sure your pictures are clear and show the item accurately. This will ensure to get more bids and helping you make more money on eBay.
Once you start posting items on a regular basis you’re going to find out that creating listings can get very time consuming. This is where taking advantage of seller’s assistant tools will be in your best interest. You want to maximize your time as much as possible. This means spending as little time as necessary creating and uploading listings.
Turbo Lister and Auctiva are two tools I highly recommend you check out that will save you a lot of time when listing multiple items on a regular basis. Auctiva actually provides more tools for free compared to Turbo Lister, but they’re both very useful. You don’t need both, but make sure to get one or the other.
Overall, making money on eBay can be fun and exciting. Once you start selling and buying, it can become very addicting. Remember, take it slow at first and learn as much as you can. Most importantly, just have fun with it.
For more great money making tips, advice and resources, go to Alan’s work from home resources blog. Alan enjoys selling on eBay as well as providing work at home ideas for people struggling during this tough economic time.
I hear that for all money in circulation there must be a gold equivalent somewhere, does the money I pay to someone in China also have a gold equivalent that goes to China? how does this work?
I want to make some money to go to a camp you might of saw my question (I am 13 is it possible to make 5000$ in 255 days?) I got a sugsetion to buy some cool cheap things and sell them on ebay. I just want to know if I will make any money if so how much? Thanks for your help!
Have you ever thought about making a steady online income… while traveling? Ebay provides a fantastic platform for doing this and it’s not very difficult or time consuming. You can travel overseas for a LONG time by holding just a few online auctions per week if you set things up properly.
Most people dismiss Ebay as a viable travel business because they think you’ve got to have a physical inventory present… and while traveling, that would clearly be limited by the size of your luggage.
There’s good news and more good news. The first piece of good news is that you definitely DON’T need to have a physical item or inventory to sell. You can easily sell a digitally delivered product or inexpensively hire a fulfillment house to ship your stuff for you. Here’s the ‘more’ good news: because most people dismiss Ebay for making a travel income the market is left wide open for this type of marketing!
The other big reason entrepreneurs dismiss Ebay is because they think it’s for selling old junk lying around the house. They take a ‘garage sale’ mentality about Ebay (sell your extra stuff lying around the house). This is great for some people, but wrong for business!
So, Here is your basic model for traveling and making money with online auctions:
1)   Find a product to sell. This is easy. You can sell a digital E-book if you don’t want to carry an inventory, or you can resell items from wholesalers at a markup. Simply get on the lists of a few dozen wholesalers and start watching their wholesale product listings.
2)   Based on those products, narrow it down to what people WANT. This is the biggest pitfall would-be auction sellers make… They sell a product they think people need instead of what people actually BUY. You’ve got to find where the highway traffic is flowing and stand in front of it with a big money net.
3)   Study Your Competition. You should steal what other competitors are doing that is working! Watch for the sellers who consistently sell products in the market you’ve chosen, and see what they are doing. They’re on Ebay because what they’re doing is working! By the way, don’t get scared off by competition. Competition means there’s a market of buyers!
4)   Get your feet wet. Jump in there and make a listing! Start the bidding price low so that people get emotionally invested in your product. Show lots of pictures. Consider utilizing an auction listing template to make things look nice… but remember, it’s the STORY that people get drawn into more than a pretty website, so make them feel like they already own the product and show them the benefits of owning your product, not the features.
5)   Scale Bigger. After you’ve experienced some success with a few auctions, you can now make more sales and bigger sales.
So how do you travel and sell on ebay? Easy. There are internet café’s all over the world that you can login to for as little as $0.10 cents per hour! Most will be around $1-$2 dollars per hour, and you’ll get a surprisingly high-tech computer to access the web with.
You can modify your listings from abroad and have your fulfillment house (or your little brother!) handle shipments. If you like, you can even have a customer service center answering buyer questions.
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