Auction Power Guide

How do I make a profit selling on ebay? I have plenty of stuff to sell. And please don’t tell me to read those books.

To do this, you should take good, clear pictures, and learn to write nice descriptions with all the important details.

If i see two people on ebay selling the same thing, i will almost always bid higher for the item that has the best, clearest pictures and a good description that’s not full of crap or disinformation or lies or fluff.

You probably should NOT sell your best items until you get practice on selling, and get some feedback built up.

Many years ago, i tried to sell an engagement ring and i only had 2 feedbacks. People would email me and demand that i use Escrow, and some even told me that they would bid if i had higher feedback score, etc. I ended up selling it for a lot less than I should have, because i was inexperienced.

SO, sell a few books and trinkets first to get the hang of eBAy. In the mean time,learn what the value of your better items is.

The best tool is to use eBay itself. Look under the completed listings section (Advanced Search) and see what similar items actually sold for.

Don’t outright copy people’s listings, because that’s illegal. But it’s perfectly ok to learn from them.

Now, if you want to truly make profits – that is.. buy things cheap and sell them for more than you paid for them.. the key is your BUYING skills. Buying and sourcing really has nothing to do with eBay. Ebay just gives you the platform from which to sell your stuff. The buying part is up to you. After you sell all your stuff from your home, the next step is to learn how to source products. And make sure you only sell things you’re knowledgeable about.
Sourcing ideas are garage sales, auctions, even retail stores if the item is marked down significantly. Selling things to foreigners is a good way to increase profits. There is more risk in shipping stuff to ENgland or Sweden or Germany, but these Europeans like American stuff and sometimes pay a lot for it. But sell things Domestically first, to get the hang of it. Then move worldwide.

Also, sometimes you can use eBay to buy stuff to resell on eBay. But usually you can’t do this profitably until you have lots of experience, and you are buying from someone who is not experienced.

Finally, you should learn what eBay’s fees are. They definitely eat into your profits, and are approximately 9 to 15% all together, including PayPal fees.
So, if you sell something for 50 dollars, eBay and PayPal will probably take up to 7 dollars right off the top 🙁
So, if you paid 43 dollars for that item and sold it for 50, you didn’t make ANY profit. Ebay took it all 🙁

Finally (again) – eventually you will need to get your business and tax paperwork filed. If you sell one or two things a year, no one will care. But if you sell hundreds of items a year, you will be owing taxes. And of course that eats into profits too, for Uncle Sam and your State.

What is the iPod Repair Guide?

The iPod Repair Guide will fix the sad face iPod and repair iPod folder errors, and have your iPod working again in under 1 hour. This guide covers skipping songs, not syncing with iTunes, short battery life and more. It works for all generations of iPods.

Thousands of iPod users, just like you, have repaired their broken iPod using the iPod repair guide. Knowing how to fix your broken iPod will save you a lot of money. Apple will not tell your how to fix your broken iPod because they will request you to send your iPod to them for repair. This repair can cost as much as $249, including a $30 shipping and handling charge, with only a 90 day warranty AND when Apple returns your iPod, your music will be gone!

What Are The Benefit of the iPod Repair Guide?

The iPod Repair Guide offers the following benefits:

– Downloadable PDF guide with pictures and easy to follow instructions

– Full online technical support – 24 hours, 7 days

– No special tools or advanced knowledge needed

– Instant software download

How Can The iPod Repair Guide Help You?

There may be other guides out there that show you how to fix broken iPods, but only the iPod Repair Guide teaches you the secret techniques that not even Apple wants you to know about. Secret techniques that work with step-by-step instructions with full color photos.

By using the iPod Repair Guide, not only will you be able to save yourself a lot of money, but there are ways that you can make money with it. By buying broken iPods on Ebay or at garage sales, you will be able to fix them and sell them online or at flea markets for a big profit.

With the iPod Repair Guide, we will show you how to repair your broken iPod in as little as 30 minutes, and the best part about it is you don’t even need a screwdriver! Even if you don’t want to take your iPod apart, it provides multiple easy to do fixes that work.

Lawrence Sharp

There are a few ‘bibles’ of cookbooks out there. Betty Crocker (1961-1980), Joy of Cooking (1975 or earlier), Fannie Farmer (1965), Vintage Better Homes and Gardens (the 1960’s).

ALL of these were basic, comfort food cookbooks that shows you how to do things and great recipes. Nothing from a box. And you could use these cookbooks for the rest of your life (as our mothers and grandmothers still do!)

Buy them at a used bookstore (or eBay or garage sales) and try and find one of the cookbooks listed—–you should have at least ONE of these in your kitchen!! But get as many of them as you can (when you can get them for a good deal) because if you learn to enjoy cooking, you go from one cookbook to another.

If you’re using the internet, allreicpes.com (2nd link) is great because you can see how others judged a recipe and look for recipes when you only have certain ingredients on hand. A good site to look through!

For a newer, how to book–Mark Bittman’s HOW TO COOK EVERYTHING…a great book to have as a back-up reference. (See 1st Link) Bittman shows you how to prepare great food for all occasions using simple techniques, fresh ingredients, and basic kitchen equipment. Just as important, How to Cook Everything takes a relaxed, straightforward approach to cooking, so you can enjoy yourself in the kitchen and still achieve outstanding results.

Do they steal them??? I don’t get this whole ebay thing when the sellers have their own store where they sell things such as pottery barn returns, when there is nothing wrong with the items and they are not discontinued. Where are they getting them? Please explain this to me.
What’s a "drop shipper"?

There are many sources where sellers get their merchandise. If you buy in bulk, you can get a good deal from a wholesaler. Depending on the item, you may have to buy several hundred units at a time which you can sell indiviually for a profit.

You can also purchase products from liquidators. Again, you have to buy by the truckload. Not all the stuff you get is resellable, but there should be good stuff mixed with the bad. You can also find liquidators that will sell by the pallet.

Major chains have factory outlets and closeout centers. If you happen to live near one of these stores, you are really lucky.

Less frequently, you can find clearance items in the stores. However, these are hard to come by.

You can find some good deals at going out of business sales, and business liquidation auctions. You need to know what you are looking for or you can easily overpay of stuff.

Garage sales and flea markets are another good source of finding bargains. Again, you need to know what you looking for.

Thrift stores like the Salvation Army and Goodwill will occasionally have a diamond in the rough. If you can spot one of these, you can make a huge profit.

If you live near one of the large liquidation resellers like Big Lots or Tuesday Morning, you can often find things that you can resell on eBay.

Of course there are tons of knock offs available most of which come from China. Having a connection with an import exporter can get you some of this questionable merchandise.

But most people sell what things they previously bought and no longer want. Much of the items you see are from these types of sellers.

Finally, there are the countless dropshippers on eBay. These people try to sell goods from various dropship suppliers. When they make a sale, the item is shipped directly from the dropshipper to the buyer and the seller gets a cut of the proceeds. This is a cut throat market and in my opinion a huge waste of time.

We won’t even discuss the dealing of stolen goods on eBay. You know it is there, but you can’t stop it.

Good Luck,
Bill
Visit http://www.newlifeauctions.com for more eBay tips.

I currently work 40 hours/week and make good money, but I am saving to buy a house and wanted to put my weekends to use. I would prefer to work from home on the weekends, so I was thinking about buying and reselling on eBay. I have sold numerous things on eBay, but I would like to open an eBay store. What items are good to sell for a quick profit??
Any other work at home suggestions are appreciated.

There are a few ways to make decent money off eBay.

One simple way is to check garage sales every week and look for items dirt cheap that you can sell for more on eBay.

You could also drop ship for manufacturers, but there is more risk involved in that.

Check out
http://www.earnontheside.com/ebay.htm

for more tips

Yeah, I know you sell items and hopefully make a profit. However, I was looking for more information on legitimate wholesalers, if it’s smart to only use dropshipping wholesalers, or to just drive around and hopefully find goods that are popular on sale or clearance and resell them using ebay.

Thanks so much, just trying to get started.

It is difficult to make any money by buying wholesale and reselling on eBay because so many other people are already buying things from the same wholesalers. It is very competitive so you have to keep your prices low to sell so there is usually a very low profit margin on each item sold.

Drop shippers can be kind of scary because you have no control. You can’t see the product before it is shipped and you need to depend on them to ship the item promptly. If things ship slow or arrive damaged it hurts your seller feedback and you get negatives. It can also be a mess to deal with returns of damaged items since you have to deal with the drop shipper. I have used a few drop shippers, but only those that I have tested several times by making purchases and have the items shipped to me to make sure they are dependable.

People who make the most on eBay are the ones who search estate sales, garage sales, swap meets, liquidators, quitting business sales, Craig’s list, etc. for items that are being sold at well below their value and re-sell them. Of course you need to become knowledgeable about the value of the items you see and spend most of your spare time looking for items to sell.

I want to start making money (a little money) on eBay. Buying and resselling. What are some great financial techniques I coul use?

Well unless you’re 18 or older you can’t open an eBay and PayPal account legitimately. If you are under age and get caught out (which happens eventually) you’ll be permanently banned. You need to read up on all the rules for new sellers ie item numbers you can sell in a month and be aware that Paypal will hold your money for up to 21 days each sale so you’ll have to pay shipping costs out of your own pocket. Then there’s the fees eBay and PayPal charge, these total about 10% of the sale amount. So you need to make more than 10% mark up to have any profit! You have to find stuff to sell ie go to garage sales etc and buy stuff cheap to sell for more. But it’s hard work, you have to build up your business and earn buyers trust before you’ll start selling easily and eBay lets you sell more stuff each month and PayPal stops holding your money for 21 days. Good luck.

I desperately need to make some money to pay bills, but can’t find a job that will accomidate my physical health problems. I have an appointment with disability job referral services, but they warned me it’ll take a while to go through the processes and find a job. I need to find some creative way of pulling in money.

Out of desperation, I’ve decided to try buying garage sale and swap meet items and selling them on Ebay. It probably won’t be enough to live off of, but it’s better than nothing, and worth spending $10-20 at the swap meet to try it out.

I’m good at finding treasures at places like that, so which items are doing especially well on Ebay? Any tips on how to sell with more success would also be appreciated.

P.S. Since this place is a cesspool of spam, here’s a warning. Anyone that posts a response with a link to a "great work at home oppurtunity" will be reported immediately.

None of the previous answerers have really addressed your question. So I’ll try, though I don’t have a complete answer either.

How about doing a bit of simple research. Before you spend any money buying things, go out to some garage sales one day and make a few notes on what you might buy, with prices. They go back home and go into Ebay and find similar items for sale. You’ll know right away whether you’d have made a profit. It would only take a couple hours to do that bit of research and would give you more confidence in your plan.

My brother is always on the lookout for free books. Sometimes he gets them when libraries discard old books. Also, Craigslist.com has a ‘free stuff’ section where he finds them. There are lots of sources. He tells me that if it’s hardback he’ll pay for it, but not more than $1.

Then he resells these books on Amazon and Half.com (part of Ebay). He has made around $3000 per year for the last several years, in spare time.

Sorry I can’t help more. Good luck to you.

I’m thinking of supplementing our income by selling items on ebay. I plan on going to garage sales and hopefully finding nice, inexpensive items to resell. Any suggestion or tips on what to sell? I have experience selling my own items from around the house, and have a feedback of 54 that is 100% positive but what is your advice on buying and reselling?
stop spamming!!!!!!!!!!!!!!!

electronic itmes r da best….
NOT CDS…
mayb clothes
but wiv da credit crunch i tihnk eBay will get tons of business so lets c
Hope I Helped 🙂

Just a quick update on a few things that sold in my ebay store at auction last week.

You can check out my ebay store here…..
http://stores.ebay.com/thetreasureaddict

Thanks for watching!!

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