EBay is the number auction site that many individuals and small business makes money on. If you want to sell and make money on the internet, EBay is the best way to, as there are millions of traffic. Thousands of items are sold daily on EBay; therefore if you have the right items and the right price, you can make money selling on EBay.
How to get started
First open an account with EBay; it is free to do so. To start getting verified, just try selling something that you no longer want, like a book. You will get a feel of how the auction works, as you will need this experience if you want to sell in bulk or own an EBay store.
Choose Product
Now you have to decide on a product or a variety of products to sell. You could sell toys, cell phones, and computers for example. Whatever you choose make sure it is a popular product. So do you research using eBay's advanced search feature to find out what is selling and how much it's selling for.
Search the ended listings and see which sold well, and which ones will produce the best profit for you.
Where to get stock
Since you are just starting out, you do not want to have a lot of stock at hand. The best way to go is to try dropshipping. This is where you find a supplier willing to sell you the product, but will ship it to your purchaser. You use the supplier, description and image, if the supplier is giving you the item for example $100, you do your research to see how much that same item is being sold for on EBay, then your price accordingly. You may have to pay a fee to join the scheme in the first place though. With this service you do not need any up front cash.
Remember you have to include shipping and handle in your price.
If you choose to the second option which is a wholesale, you will need to have the space for storage and the upfront money to make the purchase. This is more risky than dropshipping, as you might sell your goods in time.
Listing
When listing your items on EBay, you have to read about how to do if. You have different ways to list such as, buy it now, auction or you can list as both. When listing there are different cost associate with each category, example the first image might be free, but you have to pay for the second.
A good place to list is a website that is called http://www.auctiva.com/ , most of the add-ons are free, and it is cheaper to list with them, than directly from EBay. Your items are posted directly to EBay
PowerSeller
Your goal selling on EBay is to make profit, to do this you need to become a PowerSeller. The PowerSeller symbol is highly prized among serious eBay sellers, and there are five levels to strive for. To achieve this status, you have to make sure your items are shipped on time, of the quality you advertise. You always want to get good feedback from your customers, as it sets you apart as being a dedicated seller.
After you become a PowerSeller you can open your own store on EBay. Prostore offer you Ecommerce websites starting at $19.99 per month.
Tips
* Don't go for expensive products just because they might bring a bigger profit
* Take time to build a successful business
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