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How to
Make Money Online With
eBay
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eBay
is a big shopping website with wide range of products
listed and gets millions of visitors per day. It is
already helping hundreds of people in making money
online. Many people work full time with it and many
others work on it as part time business to add extra
bucks to their income. And the work on it is simple,
i.e., buying and selling products. Those who are
beginner and are willing to make money online through
eBay can get all the information on how it works on
ebay.com itself. With little tips and guidelines you can
gain expertise in working with ebay to serve your
interest of making money online.
- As a starting step
you need to register yourself with ebay. To register
requires your verification through your credit cards,
sms, phone numbers etc. All the registered users must
have a paypal account. So as a prerequisite to start up
with ebay you need to register yourself with
paypal.com.
- Familiarize yourself with eBay website and then take
a look at the auctions and check what buyers and sellers
have to say about different dealings. There is a search
box at the top of the screen wherein you can type your
favorite item about which you want more information. And
from this search process you will see a complete list of
what people have to offer. Take guesswork on what
product will yield maximum profits. Guesswork is
important so that you do not waste your precious time
promoting useless products. Try and generate maximum
bids with huge profit margins. Get top dollars for your
auction all the time. Then make use of eBay’s automation
tools to track down your results so that your business
can be expanded. Identify what people have to sell and
resell them on ebay to make fat profits. This is one of
the easiest and quickest methods to generate money on
ebay. For this you do not need a website or blog even
and has to start up cost.
- You can sell anything your own on eBay. Identify what
you want to sell on ebay and then pen down a good
description of your product that can attract buyers.
Click a photo of your product from a good camera to be
posted on eBay’s website. Also decide about the title of
your product. Remember that the title you give to the
product also becomes the keyword the buyer will search
for. Along with other details give the payment options
to the customers.
- When you receive an order for your product send an
invoice to the buyer and wait till you get the
confirmation of payment. Once you get confirmation send
your product as per the terms decided. Try and get
positive feedback from the buyer because that can get
you good ratings.
- The next question that arise in our minds is what all
can be offered on sale on ebay. You can sell almost
anything on eBay. You can sell new products as well as
old and used items. A glance at the list of items
transacted on ebay reveals items like clothes,
accessories, gadgets, shoes, bags, computers,
entertainment products and so on.
- Although not a requirement, but it is advisable to
establish a work place for yourself where you can work
and keep your stuff i.e. references and auction
materials. If you do not keep your work organized the
possibilities of losing or misplacing information rises.
Here comes the list of things you need to start up your
ebay business: A computer, printer and a scanner, a good
camera, a place to keep your files, internet access,
notebooks and pads to jot down information to keep track
of items, addresses and finances.
- Above all, you need to build positive attitude in you
and lift up the spirit in you if you truly
want to make money online selling products on ebay.
In the initially period you may not be able to manage it
and understand it but gradually you will be able to turn
failures into successes.
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- There is a lot of money to be made as a seller on eBay.
Thousands and thousands of sales are made each day,
resulting in a lot of income for a lot of sellers. And there
is still room for you if you want to get involved – whether
you want to earn some part time cash or set up a whole new
full time business on the side.
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- But where do you get your
stock from? How do you get started? And how can you build a
business that gives you PowerSeller status? Relax – you’re
about to find out.
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- It’s easy work to get started earning money on eBay. Once
you’ve signed up for your free account the best way to get a
feel for what selling is like is to auction off some of your
personal items that you no longer want. If you are going to
start buying stock to resell, you’ll do better by getting
some basic selling experience first.
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- While we are on the subject of stock, you’ll need to decide
what kind of business you are going to set up. Of course you
can sell anything you like, but if you want to make a name
for yourself it helps to become known for selling a specific
type of product.
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- Now that doesn’t necessarily mean your
product area needs to be a small one; on the contrary it
could be quite large. You could sell toys for example –
there’s plenty there to keep any seller going for months on
end without selling the same thing twice. You do need to
pick a popular product though, and it’s worth doing some
research using eBay’s advanced search feature to find out
what is selling and how much it’s selling for.
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- So let’s say you want to sell computer games, for
example. There are hundreds of games you could buy to sell
here, but if you don’t know which ones will sell you could
lose a lot of money buying the wrong stock. By searching the
ended listings you can see which titles consistently sell
well, and which ones will produce the best profit for you.
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- Okay – so you know how to figure out what to buy. Now you
need to know where to get it from. It stands to reason that
no seller is going to tell you where they get their stock;
that would be like giving away the keys to their business.
In order to find the best sources for stock you need to do a
bit of legwork.
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- We should mention here that there are two main sources
for stock – wholesalers and dropshippers. Both have their
pros and cons; it just depends on which method you
personally prefer.
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- Dropshippers hold all the stock for you, so you only
actually pay for an item once you’ve received payment from
the customer. You may have to pay a fee to join the scheme
in the first place though. If you choose to go with one or
more wholesalers you will need to have the room to buy the
stock, and the money to buy it in advance. This comes with
more risk since you could buy stock that doesn’t sell, but
with the tactic we’ve already covered for checking completed
listings before you order anything, the risk here should be
kept to a minimum.
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- So – back to where to find these sources. If you have a
particular product in mind that you want to sell, the simple
act of looking at the packaging can often reveal the name of
the supplier. You can then check out their website to see
what else they do.
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- Another method is to search for what you want on Google.
This sounds deceptively simple and in fact many people don’t
think of doing this. It can be a bit hit or miss, but it’s
possible to find some excellent wholesalers through this
method. Over time you will go from having one wholesaler to
a handful of sources to get your stock from, and you can
build up your product range as you start to grow.
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- Building your feedback is an important part of being a
good seller and the higher you can get your score the
better. It sets you apart as being a dedicated seller. And
the faster your score climbs, the closer you get to
attaining PowerSeller status.
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- The PowerSeller symbol is highly prized among serious
eBay sellers, and there are five levels to strive for. The
first is Bronze, and it’s a lot easier to reach than you
might think. While you might set a goal for yourself to
reach PowerSeller, you will find that if you build up your
product range and gradually increase your sales, you will
reach it in no time. And if you get off to a great start you
might just do it in three months – the minimum time you can
actually do it in.
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- Many sellers have their own shop on eBay, but it’s not
necessary when you first get started. In fact you are often
better off waiting until you have a good range of stock
before opening a shop, since it can look rather empty if you
only have a handful of items.
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- The final thing to think about is the price of the items
you are selling. It stands to reason that if you sell a
hundred different products in the $5 to $10 price range, you
won’t make as much cash as you would selling a hundred in
the $50 to $100 price range.
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- But you need to work out what you enjoy selling and what
you can sell lots of to experience real success on eBay.
Don’t go for expensive products just because they might
bring a bigger profit. Go for your calling – that’s where
you will experience the biggest success.
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- Above all, remember that it can take time to build a
successful business – but if you’re determined to achieve
real success on eBay you should be enjoying the journey.
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