Auction Power Guide

Also, what do I do about my income tax? Do I turn in the income from Ebay or just my regular Job? Thanks!

Trust me; you want no part of the “wholesaler” game. What once was a great idea has now spread so everyone and their mother is doing it. Margins are razor thin at best and I suspect non-existent when you factor in most drop shippers "Membership fees" along with eBay and PayPal’s cut.

Clothing is a BIG business on eBay. Try shopping a discounter like TJ Maxx, Ross for Less, Marshalls or whatever it is called in your area for women’s clothes from designers like Ralph Lauren, BCBG or Tommy Hilfiger. Often times you can find, for example, a woman’s shirt that sells in the mall for $50 on sale for $10. Odds are if you put it on eBay for $25, you’d sell it. The customer thinks they saved $25 and you made $15. 🙂 Now multiply it by 100 sales and you’re in business. I do about $2K a month in sales and I profit about $500 and that’s from just working part time. It’s not "easy money", you do have to work at it, but if you’re willing to invest the time and effort, you can do it.

Regarding your taxes – Find yourself a good CPA – I managed to write down all of my eBay profit and actually showed a “loss” once I factored in expenses. If you are running your auctions as a business, you may write off a portion of your mortgage/rent, utilities, mileage, internet, paypal fees, postal supplies etc. In addition, if you did any shopping while on vacation you may write off a portion of your hotel bills, your food bills and your mileage there as well.

Surely, you can find a wholesale list online and not to mention, great wholesale video game suppliers list from auction sites at $0.01! But is that really the best bang buck for your buck as most people say? Many people would tend to note that the best action can be found in auction sites when you are looking for the best bargain in town.

Auction sites actually are the best refuge for those sellers who would want to dispose of their holdings in the most civil and orderly manner. In exchange for monetary consideration depending on the importance of the item under auction and the need for such item by buyers in auction sites auctions are a golden place to trade for a profit.

Just like its offline counterpart, online auction can deal on everything that can be auctioned online even to include electronic materials like merchandise, electronic books and wholesale list that include wholesale video game suppliers. Auction sites can be a great place to find things of interest worthy of your hard earned money.

e-Bay is a good example of an auction site where everything is not sold directly with a definite price tag on them, but is rather quoted by its seller on a determined amount with those who are interested bidding on such item until the one with the highest bid wins the item auctioned. You can find distributors, but here are things you need to know before you press the buy button.

Consider the seller of information: If you are purchasing any downloadable material from an auction site, you should be sure that what you bid on and won was indeed what the owner claims it was. Otherwise, you will be paying for just another scrap of downloaded material devoid of any value to you. You should be careful on this kind of transaction since scammers are always on the ready to make easy money from unsuspecting online victims.

To make sure that you will not be scammed of your hard earned money, look first at the bidding transaction records of the seller. If the record is good, then you can go right ahead but if there are some bad marks better pass it off to avoid problems with your purchase.

Consider the price of information. Bidding on auction sites for a list of information sources related to your business will be alright so long that you learn new things and find new distributors that work. Paying up to $300 for the finest distributors and suppliers information is not uncommon these days.

In the first place, you just cannot be sure about the quality of the information you will receive. Just quote the lowest possible price you can ascertain and stick to it. Chances are you can win the bid even if you quote the lowest possible price for either the wholesale list or the wholesale video game suppliers list. But the intelligent edifying point for you will be, would $0.05 and $0.99 wholesale list packages bring you what you want?

Joaquin Reveron

Easy money on eBay was the craze of the last few years, but now it seems to have died down with many eBay sellers realising there is no quick buck to be made on the world’s greatest online auction site.

While it may no longer be possible to make a million dollars overnight on eBay (it never really has been possible but many people would have led you to believe that it was) it still is possible to make a tidy, consistent sum using the power of eBay.

It’s a simple method that you may have heard of but not truly understood the potential of the system, well fear not, in this article I will outline exactly how you can generate an endless stream of profits using eBay and and the best part is, there are no initial start up costs.

First thing you need to do is collect together a tonne of brandable eBooks and short reports on any subjects you can think of. Once you have a collection of 10-20, start branding them. Most brandable eBooks permit you to add your affiliate ID, so if someone clicks on your link and buys the product, you take a commission. Add your affiliate ID’s for the corresponding products.

Now you need to use eBay as a distribution channel for getting these branded eBooks and reports to as many people as possible. This is simple to do and there are two main ways.

Firstly, sell these branded eBooks on eBay for a couple of cents – or if the product provides real value, a couple of dollars. Sell as many copies of these products as possible and you will have a number of people reading these eBooks, clicking your affiliate link and perhaps purchasing the product – therefore generating you a commission.

Secondly, create an eBay about me page and add links to download these free branded eBooks from your website. Add a link to your eBay about me page in your auctions and you will have hundreds of people daily downloading the branded products and generating you affiliate commissions.

The best part about this system is that your initial customers will pass on the eBook to their subscribers, auction visitors, members and customers and you will still be generating easy sales from these peoples hard work using only eBay and a few brandable eBooks.

I hope you now realise the viral power of eBay and brandable eBooks and start implementing these aspects into your eBay business for the following years.

James Penn
http://www.articlesbase.com/viral-marketing-articles/easy-money-on-ebay-you-must-be-crazy-93879.html

I want to become rich…yes, everyone has this dream, but I actually read about techniques, save my money and such. I have 1,000 dollars in a CD, roughly 700 in savings, and over 200 dollars at my house, which I am about to deposit into my savings. I get this money from mowing lawns. From this I get 95 dollars every two weeks plus I do the occaisional garage sale. I would have more, but I have to pay for every "extra" thing I want. I am a big sports card collector, and I probably have 200 dollars worth of that, but the value of my cards is bound to go up, but thats a different story. I also worked for my own computer which I got for a neighbor in exchange for doing their lawn 5 times (100 dollars worth of work). I have other stuff, but I need to get to the point:

I am looking for answers from older people such as: I want to go into business. Besides business and finance, what other degrees should I go after? I am also learning spanish because a good bit of the population will be mexican/spanish when I get older. Also, I know there is no guaranteed way to make money, but what businesses are a safe bet to turn profits? I would own my own card store, but I assume that won’t work out seeing as how ebay and other sites have pretty much destroyed that business for store owners. Also, do you older folks have any tips that you have learned over your lifetime that would help me succeed.

Again, I am not one of those normal teens that says: "How can I make quick easy money…I don’t want to do hard work for it, maybe I can do online surveys or something." DUH. I am a motivated person who wants to and will work to succeed
I get 95 dollars every two weeks from mowing the lawn
I mow 3 neighbors lawns

First, you should feel good about being on the right track. You aren’t falling into the "get rich quick" mentality – doing well, especially in your own business, takes hard work and a lot of effort. Also, having an interest in making money at your age is great.

There are so many types of businesses to choose from, what you first need to decide is what types of businesses fit your talents and desires. I have owned an ad agency, manufacturing company, consulting business, and restaurants. As it turned out I hated the restaurant business – it was the same thing day after day and way too long of hours. I prefer being able to travel and more variety. But the point is you need to think about what you want.

Business is the best education to get; if you want to take other classes do it because you are interested. A second language is a good idea. You should also learn computer skills – how to design a web site, etc. That will make you self-sufficient and you won’t have to pay someone to do that stuff for you.

There is no "safe" business. The world changes – sports card stores, video stores, book stores and many others were thriving not that many years ago and are struggling to stay afloat now. Information products are low cost to get into, you can sell them online and you can change them as market demands change. I know a guy that came up with a book and video on how to install a security system in your home – he is making a good living from selling that online.

If you are a successful eBay seller this article may not be too helpful, but if you are just starting our or are struggling then you should find a lot of help here. Done right eBay is where a person can make fairly easy money, but done wrong you’ll just spin your wheels. There are a number of common sense things you need to know about eBay selling that will help your business become successful. Learn and apply these to start making money, then you can begin to delve deeper into the way to becoming a Power Seller.

Almost every eBay buyer has heard about eBay scams. You must assure the buyer he or she is dealing with a legitimate eBay seller who isn’t trying to rip them off. Listed below are a number of ways to make the buyer feel comfortable doing business with you.

The first thing you need to be a success is to have good feedback. If you’re just starting out you may have to buy and sell a number of items to boost your feedback before you can get real serious about being a successful eBay seller. Another good way to make a good impression is to have an “About Me” page. Here’s where you will introduce yourself with some information about you and your eBay business. The more professional your “About Me” page is, the more your potential customers will want to do business with you.

Now that the eBay buyer feels you’re someone they want to buy from, you have to make sure your product is the one they buy. Often there will be dozens of the same product competing with you, so even though they would like to buy yours the price of your product has to be competitive or they may not buy. Before you price your product be sure it allows you to make a fair profit while still being reasonable. If you follow these tips you may be able to price your product a little higher and still make sales.

One of the most important parts of your sales listing is to post excellent pictures. You normally get one free picture and can put on extra ones for an additional fee. You should put on as many extra pictures as it takes to fully show your product in its best possible light for increased sales. Make sure you have close up pictures of the more important features of your product. One way you can beat the fees is to look into a free photo share site like PhotoBucket where you can put pictures on eBay for free. Good pictures are a must for maximum sales.

Equally important is an accurate description on your sales items. Make sure there are no spelling errors as this is probably one of the main reasons a product doesn’t sell. Fully describe the features and condition of each item. Tell a story about your eBay sales items. Any time you’re selling more than one item in a lot be sure you list and describe each item. Your eBay buyer needs to know exactly what they will be getting, but if you give them something extra, gift wrap the item or something similar the chances are greater that they will remember and want to do more business with you.

The way eBay buyers can pay for your item may have an important impact on how well your eBay items sell. While the most important one you use will be PayPal you should also accept any others you feel comfortable with. Many buyers like PayPal because they don’t have to give out their credit card number. You can also take money orders, cashier checks or personal checks, but make sure personal checks clear before you send the merchandise.

Another thing that many people don’t think about is having a return policy. Without one you will probably lose some sales so make sure whatever you decide is clearly spelled out in your ad so there won’t be a problem down the road.

Your ad should also be clear about shipping costs. You should try and keep these costs as low as possible. I’ve passed on purchases when I felt the seller was charging too much for shipping.

Email is an area where many sellers fail to do well. When you get an email requesting more information on your eBay sales item answer it as soon as possible. Many times a buyer will get tired of waiting for your reply and buy from someone who did reply right away. I’m always surprised when a seller either doesn’t answer my email or takes several days when time is usually important.

The most important tip for eBay sellers is to step into a buyer’s shoes and ask yourself whether you would buy the product you have listed. Be honest with your answer and if it’s not an emphatic yes, then you need to follow these tips and suggestions to the letter.

Start using all the above eBay seller tips and suggestions to see your sales start increasing immediately. If you’re just starting as an eBay seller use them to get started the right and most profitable way.

Don Levy