There is big money to be made as a seller on eBay. There are thousands of sales made each day, resulting in a lot of money for a lot of people.But there is still room for anyone who wants to get involved – whether you want to earn part time cash or set up a full time business.
The question is where do you get your product from? How do you get going? And just how do you build a online auction business ?stay with me because you’re about to find out.
First lets get started by openning up a free account.Now look around for some things you don’t need anymore.Don’t have anything find a yardsale you would be suriprised
what you can pick up cheap.Right now we just want to get a feel for what selling on ebay is about before we start buying more pricey products.
Now that we are on the subject of products, you’ll need to decide what kind of product are products you want to sell. Remember if you want to make a good name for yourself it will help to stay with a specific type of product that you know something about.
No it doesn’t mean your product area needs to be a small one; on the contrary it shoud be quite large. You could sell for example toys – there’s a good selection there to keep you selling for months without selling the same thing over and over. You do need to pick products that are selling though, so do some research using eBay’s advanced search feature to find out what is selling and how much it’s selling for.
For example let’s say you want to sell computer parts. You can find hundreds of parts you could buy to sell, but if the parts are not selling right now you could lose a lot of money. By searching the ended auction listings you can see which products sell well, and which ones will produce the best profit
Okay – now you know how to figure out what to buy. Now we need to know where to find it. no one selling on ebay is going to tell you where they get their products ; so now what? We are going to have do a little legwork to find the best sources for are products..
Okay – now I need to tell you that there are two main sources for products – wholesalers and dropshippers. Both have their pros and cons; it just depends on which method you personally prefer and how much money you have.
The cheap way to go is with dropshippers because they hold all the products for you, and you don’t pay for an item until you’ve received payment from your customer. You may have to pay a membership fee to join some dropshippers though. If you choose to go with wholesalers you will need to have the room to stock the products, and the money to buy in bulk. This comes with more risk since you could buy and not sell, again check the ended auction listings before you order anything, that will keep the risk to a minimum
Now – back to where to find these products. If you have a particular product in mind that you want to sell, find a flea market and walk around till you see something you want to sell try to look at the packaging it came in sometimes you can get the name of the supplier. also look to see if their website is on the box.
Another method is to search for what you want on Google. This sounds simple but in fact many people don’t even think of this.You can do a search for dropshippers are wholesalers and it is possible to find some excellent ones.” Try wholesale dropshippers and below wholesale dropshippers” Over time you will find the best ones for you to build your business with.
Now lets talk about what we need to do on ebay.Building good feedback is an important part of being a good seller and the higher you can get your score, the more people will trust you and with trust, comes more buyers, more buyers more money.You need to get to PowerSeller status.
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 think. You must set your goal to reach PowerSeller, this is where you want to be and if you build your product range and increase your sales, you will reach it in no time.
Alot of sellers have their own online store on eBay, but don’t worry about that right now.In fact you are better off waiting until you have a good range of products before opening a store, you don’t want a empty store do you.
The next thing to think about is the price of the items you are selling.You want to stay with the more pricey products bigger profit for you.Just keep in mind you want to keep a fair price. and allways do that search.Sell what you fill good about selling and 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. wish you all the best Robert DeFrain
This a very helpful article .a good idea I Thin i will give it a go. thanks