Home      
Auction Directory

The Secret To Real Ebay Success

Making Money With Ebay Auctions Online Auction Sites.


buildanichestore.com - succeed as an ebay affiliate

Sell eBay products - eBay auction inspector - Build a eBay niche store - How I made $136,752 - Niche marketing - iProfit ebook - Ebay baby gear

Share |

Easy Seller Guide When youre selling items on eBay you're up against a lot of competition..

You are free to use content from this page in your blog or website, in return for a link back to this page from that blog or website.



The Secret To Real eBay Success


Q. I hear so much about people who started selling on eBay and eventually turned it into their full time business. Is it really possible to build a profitable business just selling junk on eBay? -- Alex K.

ANSWER:

If Fred Sanford were alive today, Alex, I'm sure he'd be earning his ripple money by selling quality junk on eBay. While it's also true that one man's junk is another man's treasure (I have a garage full of treasure to prove this point), your chances of building a profitable business selling "junk" on eBay (or anywhere else, for that matter) are slim to none. While there is a lot of junk/treasure for sale on eBay, it is typically sold by individuals who have "I break for yardsales!" bumper stickers on their cars and not serious business people.

For serious entrepreneurs, however, selling on eBay can be a good way to start a new business if you are willing to put in the time and energy required to make the business a success. eBay is also a good option for existing businesses to expand their reach by selling online. Everyone from small used car dealers to giant companies like Dell Computers have discovered that eBay is an excellent place to hawk their wares simply due to the huge number of folks who visit the eBay site on a daily basis. Nowhere else on earth will you find such a large pool of potential customers.

Consider these numbers:

There are nearly 69 million eBay users who spend $59 million every day.

Most eBay sellers are home-based businesses that sell everything from porcelain dolls to locks of Elvis' hair to $100,000 Mercedes convertibles to $5 million dollar vacation homes.

Every minute of every day more than 150 new items are listed for sale, more than 500 bids are placed, and seven new people register to shop on eBay.

At any given moment, eBay is conducting some 12 million auctions, divided into about 18,000 different categories

About two million new items are offered for sale every day, and 62 million registered users scour the site to find them.

One company is grossing more than $5 million dollars a year selling brand new pool tables on eBay. Their eBay store is so profitable that they have closed their retail location and now sell solely online. That's right, $5 million dollars from the sale of pool tables: proof that you can sell just about anything on eBay if you know how to do it.

Be aware, however, that eBay is no magic bullet. As any eBay Power Seller (a seller who sells a minimum of $10,000 in goods per month) will tell you, building a profitable eBay business takes hard work and requires long hours, and often the financial rewards do not make it worth the effort spent.

When it comes down to the mechanics of it all, running an eBay business is no different than running a brick and mortar business. You still have the same considerations regarding product selection, inventory purchasing, product pricing, inventory management, order processing, fulfillment, customer service, etc.

You must also consider the legal and accounting aspects of the business. Just because you're selling online does not mean that Uncle Sam won't expect his piece of the pie. Revenue generated by an eBay business is just as reportable and taxable as revenue generated from a brick and mortar store. And if you sell to customers within your state you may also be responsible for collecting city, county or state sales tax.

One of the biggest obstacles to building a successful eBay business may be the stiffness of the competition. Many sellers sell identical items and the price wars often get ugly, but that's to be expected in a free market place, which is exactly what eBay is.

You may be the only store in town that's selling that one of a kind, custom made just for you, broke the mold after they made it, Dale Earnhart Memorial Bobble Head Action Figure (Earnhart fans would string me up if I called it a Doll), but do a quick search on eBay and you'll probably find a hundred others just like it.

So, can you build a profitable business selling on eBay? Certainly, thousands of people have done it and so can you. Here are a few tips to help get you started.

Sell Quality Products

Don't sell junk! Leave the knick-knacks and fake leather jackets to the less informed. You should offer only quality products at a fair price.

Research The Competition

Once you have your product in mind, don't invest a dime on inventory until you have spent some time on eBay to see what the competition is doing. If you want to sell motorcycle helmets, for example, you should look at current auctions to see how many others are selling similar helmets and what prices they are charging. This step is vital since you may discover that you can't compete with current sellers on price or there is simply no market for what you have to offer.

Start Slowly

Many people believe that the more items they have for sale on eBay the better. They will invest thousands in inventory and spent hundreds on listing fees (yes, eBay charges you to list items for sale and collects a final fee if the item sells). Those are the folks that usually end up with ten thousand Ginsu knives forever in their garage.

Test, Test, Test

A fair portion of eBay auctions result in no sales, so it's best to test the waters before jumping in with both feet. List a few items and see how they sell. If an item doesn't sell, list it at least twice more. Some items might not sell the first time, but may the second or third, then sell steadily from then on. If an item gets no bids the first time, consider adjusting your price or your terms. If an item sells well, keep it in stock and then experiment with another item.

Do Your Homework

eBay is too broad a subject to be covered fully here, but there are a multitude of books available that can help you start an eBay business. In fact, I bet you'll find most of them for sale at this very moment at eBay.

What's my bid'

Small Business Q&A is written by veteran entrepreneur and syndicated columnist, Tim Knox. Tim's latest books include "Small Business Success Secrets" and "The 30 Day Blueprint For Success!" Related Links: http://www.smallbusinessqa.com http://www.dropshipwholesale.net


Cat 50349


EBAY STORE Help Advice Consultation With TOP SELLER
ebay image$9.95 (0 Bids)
End Date: Thursday Feb-9-2012 21:06:18 PST
Bid now | Add to watch list

Ebay Template and Custom Logo Beautiful Design
ebay image$14.95
End Date: Tuesday Feb-21-2012 7:05:09 PST
Buy It Now for only: $14.95
Buy It Now | Add to watch list

Americana Collection COMPLETE EBAY STORE DESIGN Raggedy Dreams
ebay image$34.95
End Date: Friday Feb-24-2012 9:48:05 PST
Buy It Now for only: $34.95
Buy It Now | Add to watch list

COMPLETE eBay Store Design Store Front Page, eBay Auction Template, Logo + MORE
ebay image$30.00
End Date: Saturday Mar-3-2012 17:04:45 PST
Buy It Now for only: $30.00
Buy It Now | Add to watch list

teagan Boutique full eBay Store Design Store Front, eBay Auction Template & Logo
ebay image$40.00
End Date: Saturday Mar-3-2012 16:18:21 PST
Buy It Now for only: $40.00
Buy It Now | Add to watch list

harper eBay Store Design COMPLETE Store Front, eBay Auction Template, Logo, MORE
ebay image$40.00
End Date: Wednesday Mar-7-2012 9:45:48 PST
Buy It Now for only: $40.00
Buy It Now | Add to watch list

chrissy COMPLETE eBay Store Design Store Front, eBay Auction Template, Logo MORE
ebay image$40.00
End Date: Sunday Mar-4-2012 8:55:39 PST
Buy It Now for only: $40.00
Buy It Now | Add to watch list

zoey boutique eBay Store Design COMPLETE Store Front, eBay Auction Template +
ebay image$40.00
End Date: Thursday Mar-8-2012 9:34:55 PST
Buy It Now for only: $40.00
Buy It Now | Add to watch list

devine rose eBay Store Complete Design Store Front, eBay Auction Template, Logo+
ebay image$40.00
End Date: Friday Mar-9-2012 7:32:00 PST
Buy It Now for only: $40.00
Buy It Now | Add to watch list

stella purple COMPLETE eBay Store Design Store Front, eBay Auction Template MORE
ebay image$40.00
End Date: Thursday Mar-8-2012 8:04:55 PST
Buy It Now for only: $40.00
Buy It Now | Add to watch list

Complete Professional Custom eBay Store Shop Design and Installation + Pages!!!
ebay image$379.00
End Date: Monday Feb-13-2012 13:17:47 PST
Buy It Now for only: $379.00
Buy It Now | Add to watch list

Bring your eBay store to life CUSTOM EBAY STORE DESIGN
ebay image$149.99
End Date: Friday Feb-24-2012 11:39:38 PST
Buy It Now for only: $149.99
Buy It Now | Add to watch list

Lorelie Boutique eBay Store Design Storefront Page, eBay Auction Template, Logo+
ebay image$30.00
End Date: Friday Mar-2-2012 8:52:44 PST
Buy It Now for only: $30.00
Buy It Now | Add to watch list

Make Fast Money Listing Selling Cars Trucks on eBay Motors Facebook Craigslist
ebay image$0.99 (0 Bids)
End Date: Sunday Feb-12-2012 8:37:51 PST
Bid now | Add to watch list

shabby eBay Store Design COMPLETE Store Front, eBay Auction Template, Logo +MORE
ebay image$40.00
End Date: Thursday Mar-8-2012 16:50:43 PST
Buy It Now for only: $40.00
Buy It Now | Add to watch list

Home Business Plan

Peel Away Ads Marketing And Advertising without Pop-Ups, Fly-Ins or Pop-Unders
home | Auctions site map | custom google search | Privacy policy
Copyright © 2010 dovada.net.au Web hosting Australia