Auction Power Guide

How can i make money using ebay. i have a paypal account. What sort of stuff can i buy and sell on ebay? Also would i make much money doing it?

It doesn’t matter what you sell. To wit, as it is often said, "One man’s trash is another man’s treasure." Most everyone collects or wants something or other.

The thing you want to be aware of with the most popular items is that you will have the MOST COMPETITON from other sellers who sell the same items. You can’t be competitive and make a decent profit unless you get the best wholesale price to maintain an adequate profit margin. If your opening bid price is higher than other sellers selling the same items, you won’t have many sales.

Other suggestions for items to sell:

Look no further than ebay itself. You will not be looking for single item listings but rather your target will be listings that have similar, grouped items. There are ebay ‘vultures’ who just love to swoop down on similarly grouped items in one listing. When they win these auctions, they turn around and sell the items individually and, in most cases, get one and a half to 2 times and sometimes three times what they paid for them on an average item basis. I know this works. When I had more time (read unemployed), I was one of these ‘vultures.’ This is one of those situations where the parts are worth more than the whole. However, do be cautious if you venture into this arena. You have to know your merchandise. Stay in those areas you are familiar with. You can’t jump in blindly to any and every auction that has grouped items.

If you can buy a large lot of similar merchandise for $100 to $200 and turn it around for $300 to $600, it works out very nicely, indeed! Most buyers of these large lots will be vultures as well so you could be ‘butting bids.’ Keep in mind that the higher the closing price at ebay, the less your profit on the turnaround. It’s not an exact science and it does take a little experience to really know what you’re doing but you can’t be afraid to go out on a limb. That’s where the fruit is. When I see an auction of grouped items it tells me loud and clear that the seller is far more interested in getting rid of their stuff the quickest, easiest way possible and ‘be done with it’ rather than in making a decent profit or profit at all.

Short of items to sell and where to find items to sell? Garage and yard sales, church bazaars, flea markets are obvious. These can be the cheapest sources of merchandise. ‘Junktique’ shops are not that good because these folks know their merchandise. This being the case, it is usually OVERPRICED, not under priced.

If you want to let your fingers do the walking, you too can be crafty ‘vulture’ like a select group of other ebay sellers. Become a member of several smaller auction sites and search for bargains there. But as before, ‘stick with what you know.’

These smaller auction sites are great for buyers for the same reason they are bad for sellers:

Fewer potential bidders = Less competition = Lower closing prices.

Turn them around on ebay:

The ebay formula:

LARGEST auction site by far = MAXIMUM competition = HIGHER closing prices

There are also volume sellers who concentrate on only a handful of popular items by buying in volume / wholesale at a discount and selling at a discount. The average schmo at eBay can’t compete with volume sellers of a particular item.

GOODWILL sometimes also has good bargains, but not always. Mondays / Tuesdays are the best days to visit Goodwill as most people will drop off their donations on Saturdays and Sundays and it has to be cleaned, sorted and marked before it can be placed on display.

To maximize profits, sell WORLDWIDE, not just one country. A basic business tenet is, ‘The greater the potential market, the greater the potential to maximize profits.’ It’s TRUE! You will now have access to 200+ million members.

Lastly, keep in mind that experience is the best teacher. Start off slowly listing only two or three items and see how that goes for you. Once you get your feet wet and gain confidence, start listing more items on a weekly basis. You will soon learn the ins and outs and the dos and don’ts in short order and ultimately settle on a system that works best for you. The more items you list, the more items you will sell, the more $$ you will make and the harder you will work. Nothing in life comes easy and that includes becoming a successful seller at ebay. If you are conscientious and put in a little extra effort, you will do well. If you are lazy or indifferent in selling your items, you won’t. Good luck & happy selling!

Im 18 and I want to make 250 dollars for a blackberry. What can I sell on ebay to make that much? I know it might take a few months and thats fine. What sells the best?

It doesn’t matter what you sell. As it is often said, one man’s trash is another man’s treasure. Most everyone collects or wants something or other.

SMALLER ITEMS – sell on eBay
BIG and/or HEAVY items – sell on Craigslist

The thing you want to be aware of with the most popular items is that you will have the MOST COMPETITION from other sellers who sell the same items. To wit, you can’t be competitive and make a decent profit unless you get the best wholesale price to maintain an adequate profit margin. If your opening bid price is higher than other sellers selling the same items, you won’t have many sales.

Other suggestions for items to sell:

Look no further than ebay itself. You will not be looking for single item listings but rather your target will be listings that have similar, grouped items. There are ebay ‘vultures’ who just love to swoop down on similarly grouped items in one listing. When they win these auctions, they turn around and sell the items individually and, in most cases, get one and a half to 2 times and sometimes three times what they paid for them on an average item basis. I know this works. When I had more time (read unemployed), I was one of these ‘vultures.’ This is one of those situations where the parts are worth more than the whole. However, do be cautious if you venture into this arena. You have to know your merchandise. Stay in those areas you are familiar with. You can’t jump in blindly to any and every auction that has grouped items.

If you can buy a large lot of similar merchandise for $100 to $200 and turn it around for $300 to $600, it works out very nicely, indeed! Most buyers of these large lots will be vultures as well so you could be ‘butting bids.’ Keep in mind that the higher the closing price at ebay, the less your profit on the turnaround. It’s not an exact science and it does take a little experience to really know what you’re doing but you can’t be afraid to go out on a limb. That’s where the fruit is. When I see an auction of grouped items it tells me loud and clear that the seller is far more interested in getting rid of their stuff the quickest, easiest way possible and ‘be done with it’ rather than in making a decent profit or profit at all.

Short of items to sell and where to find items to sell? Garage and yard sales, church bazaars, flea markets are obvious. These can be the cheapest sources of merchandise. ‘Junktique’ shops are not that good because these folks know their merchandise. This being the case, it is usually OVERPRICED, not under priced.

If you want to let your fingers do the walking, you too can be crafty ‘vulture’ like a select group of other ebay sellers. Become a member of several smaller auction sites and search for bargains there. But as before, ‘stick with what you know.’

These smaller auction sites are great for buyers for the same reason they are bad for sellers:

Fewer potential bidders = Less competition = Lower closing prices.

Turn them around on ebay:

The ebay formula:

LARGEST auction site by far = MAXIMUM competition = HIGHER closing prices

There are also volume sellers who concentrate on only a handful of popular items by buying in volume / wholesale at a discount and selling at a discount. The average schmo at eBay can’t compete with volume sellers of a particular item.

GOODWILL sometimes also has good bargains, but not always. Mondays / Tuesdays are the best days to visit Goodwill as most people will drop off their donations on Saturdays and Sundays and it has to be cleaned, sorted and marked before it can be placed on display.

To maximize profits, sell WORLDWIDE, not just one country. A basic business tenet is, ‘The greater the potential market, the greater the potential to maximize profits.’ It’s TRUE! You will now have access to 200+ million members.

GOOD LUCK!

I have been looking at so many different products and have become a little overwhelmed about what i should start selling on ebay. I have several good sources for purchasing cheap stock, but would just like other peoples experiences on what sells well and what doesn’t. Any experiences/suggestions appreciated.

It doesn’t matter what you sell. As it is often said, one man’s trash is another man’s treasure. Most everyone collects or wants something or other.

The thing you want to be aware of with the most popular items is that you will have the MOST COMEPTION from other sellers who sell the same items. To wit, you can’t be competitive and make a decent profit unless you get the best wholesale price to maintain an adequate profit margin. If your opening bid price is higher than other sellers selling the same items, you won’t have many sales. DO YOUR RESEARCH on closing prices for the items you want to buy!

Other suggestions for items to sell:

Look no further than ebay itself. You will not be looking for single item listings but rather your target will be listings that have similar, grouped items. There are ebay ‘vultures’ who just love to swoop down on similarly grouped items in one listing. When they win these auctions, they turn around and sell the items individually and, in most cases, get one and a half to 2 times and sometimes three times what they paid for them on an average item basis. I know this works. When I had more time (read unemployed), I was one of these ‘vultures.’ This is one of those situations where the parts are worth more than the whole. However, do be cautious if you venture into this arena. You have to know your merchandise. Stay in those areas you are familiar with. You can’t jump in blindly to any and every auction that has grouped items.

If you can buy a large lot of similar merchandise for $100 to $200 and turn it around for $300 to $600, it works out very nicely, indeed! Most buyers of these large lots will be vultures as well so you could be ‘butting bids.’ Keep in mind that the higher the closing price at ebay, the less your profit on the turnaround. It’s not an exact science and it does take a little experience to really know what you’re doing but you can’t be afraid to go out on a limb. That’s where the fruit is. When I see an auction of grouped items it tells me loud and clear that the seller is far more interested in getting rid of their stuff the quickest, easiest way possible and ‘be done with it’ rather than in making a decent profit or profit at all.

Short of items to sell and where to find items to sell? Garage and yard sales, church bazaars, flea markets are obvious. These can be the cheapest sources of merchandise. ‘Junktique’ shops are not that good because these folks know their merchandise. This being the case, it is usually OVERPRICED, not under priced.

If you want to let your fingers do the walking, you too can be crafty ‘vulture’ like a select group of other ebay sellers. Become a member of several smaller auction sites and search for bargains there. But as before, ‘stick with what you know.’

These smaller auction sites are great for buyers for the same reason they are bad for sellers:

Fewer potential bidders = Less competition = Lower closing prices.

Turn them around on ebay:

The ebay formula:

LARGEST auction site by far = MAXIMUM competition = HIGHER closing prices

There are also volume sellers who concentrate on only a handful of popular items by buying in volume / wholesale at a discount and selling at a discount. The average schmo at eBay can’t compete with volume sellers of a particular item.

GOODWILL sometimes also has good bargains, but not always. Mondays / Tuesdays are the best days to visit Goodwill as most people will drop off their donations on Saturdays and Sundays and it has to be cleaned, sorted and marked before it can be placed on display.

Lastly, to maximize profits, sell WORLDWIDE, not just one country. A basic business tenet is, ‘The greater the potential market, the greater the potential to maximize profits.’ It’s TRUE! You will now have access to 200 million members.

GOOD LUCK!

What are some things I could resell on ebay for profit?
I am doing this silly little contest thing with a friend where we are to take a hundred dollars to purchase products to resell on ebay. Whoever gets to a certain amount in profit, wins. I have some ideas of what to purchase but I thought I’d try to get some more ideas here on good ole yahoo answers. It can’t be things I already own.
The idea is to kind of get the ball rolling.

It doesn’t matter what you sell. As it is often said, one man’s trash is another man’s treasure. Most everyone collects or wants something or other. If you want to win this contest, you will have to buy stuff on the cheap, not retail or even wholesale.

The thing you want to be aware of with the most popular items is that you will have the MOST COMPETITION from other sellers who sell the same items. To wit, you can’t be competitive and make a decent profit unless you get the best wholesale price to maintain an adequate profit margin. If your opening bid price is higher than other sellers selling the same items, you won’t have many sales.

Where to find stuff cheap:

Look no further than ebay itself. You will not be looking for single item listings but rather your target will be listings that have similar, grouped items. There are ebay ‘vultures’ who just love to swoop down on similarly grouped items in one listing. When they win these auctions, they turn around and sell the items individually and, in most cases, get one and a half to 2 times and sometimes three times what they paid for them on an average item basis. I know this works. When I had more time (read unemployed), I was one of these ‘vultures.’ This is one of those situations where the parts are worth more than the whole. However, do be cautious if you venture into this arena. You have to know your merchandise. Stay in those areas you are familiar with. You can’t jump in blindly to any and every auction that has grouped items.

If you can buy a large lot of similar merchandise for $100 to $200 and turn it around for $300 to $600, it works out very nicely, indeed! Most buyers of these large lots will be vultures as well so you could be ‘butting bids.’ Keep in mind that the higher the closing price at ebay, the less your profit on the turnaround. It’s not an exact science and it does take a little experience to really know what you’re doing but you can’t be afraid to go out on a limb. That’s where the fruit is. When I see an auction of grouped items it tells me loud and clear that the seller is far more interested in getting rid of their stuff the quickest, easiest way possible and ‘be done with it’ rather than in making a decent profit or profit at all.

Short of items to sell and where to find items to sell? Garage and yard sales, church bazaars, flea markets are obvious. These can be the cheapest sources of merchandise. ‘Junktique’ shops are not that good because these folks know their merchandise. This being the case, it is usually OVERPRICED, not under priced.

If you want to let your fingers do the walking, you too can be crafty ‘vulture’ like a select group of other ebay sellers. Become a member of several smaller auction sites and search for bargains there. But as before, ‘stick with what you know.’

These smaller auction sites are great for buyers for the same reason they are bad for sellers:

Fewer potential bidders = Less competition = Lower closing prices.

Turn them around on ebay:

The ebay formula:

LARGEST auction site by far = MAXIMUM competition = HIGHER closing prices

There are also volume sellers who concentrate on only a handful of popular items by buying in volume / wholesale at a discount and selling at a discount. The average schmo at eBay can’t compete with volume sellers of a particular item.

GOODWILL sometimes also has good bargains, but not always. Mondays / Tuesdays are the best days to visit Goodwill as most people will drop off their donations on Saturdays and Sundays and it has to be cleaned, sorted and marked before it can be placed on display.

To maximize profits, sell WORLDWIDE, not just one country. A basic business tenet is, ‘The greater the potential market, the greater the potential to maximize profits.’ It’s TRUE! You will now have access to 200+ million members.

GOOD LUCK!

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.

Hey everyone,

Can anyone share any tips on saving money when you have kids. Aimee is only 17months but our shopping and bills and things are so expensive so wondering if anyone had any money saving tips?

I swear by my extra freezer – I got it cheap off ebay and it now lives in our garage. Now I can buy food that’s on offer and stock up. I also cook batches of soups and sauces to freeze, much cheaper than the store bought stuff and nicer too. I can buy large packs of meat from Costco and seperate it all into bags for the freezer.
Try to cut down on your food waste, use tupperware tubs to keep leftovers as fresh as you can until using them, try to keep fruit in the fridge in this hot weather so that it lasts longer. Shop sensibly, remember that shops put the stuff they really want to sell the most (with the highest profit margin) at eye level, so learn to look around for better value products. Consider some more shop brand products, try various ones to find out what you like. Use the vouchers that you find for money off – cut them out and put them in your bag/purse when you see them so you don’t get to the checkout then suddenly realise that you left them at home (i do that frequently…) Try loyalty schemes like Tesco clubcard, nectar points, Boots advantage card. Remember that Boots have a booth just inside every store that will offer you new deals every time you shop – pop your card in every time you visit the store to see what they have – their advantage card is actually the most value when you use it well.
Would you be interested in trying cloth nappies? I use them now after never trying them with my first baby and I’m hooked. Aside from the environmental benefits, they’re also better for baby’s skin and I’ve saved a LOT of money. I understand that Aimee’s a bit older now so you don’t want to splash out for ones that you won’t use for long – you could always try this site…
https://www.usednappies.co.uk/members_area.php

You can buy used cloth nappies there for a fraction of the price – boil wash them if you’re concerned about hygiene, then as long as they’re kept in good condition, you can re-sell for as much as you spent.
(adding as I go along, lol)
Remember to switch off all electrical appliances when you’re not using them. Try to cut down how much you do use by drying clothes on a clothes line instead of a tumble drier, switch off lights during the day, turn off the tv for some puzzles or story time instead.
Find cheaper days out – kids are delighted with the park or a good garden. Invite friends round for kids’ play time and swap turns at each other’s houses. Buy kids clothes in the end of season sales – remembering what age group to buy for next summer so that at the start of next summer, you don’t have to spend a fortune on clothes they’ll be selling for half the price in a few weeks. If you watch a lot of films, try a cheap dvd rental rather than buying new ones (Tesco rental is quite good). If you go to the cinema, Orange wednesday is really good and while technically you have to be an Orange customer, you can just ask someone who’s with orange and not using it that day to get the discount code for you, then you use it at the cinema.
See if you can save money on energy by switching companies. try uswitch.com, they’ll find the best deal for you and it is quick and easy (i should know, I’ve switched several times!). Energy companies are constantly changing their prices and offering new deals, it’s best to keep an eye out for where you can save.
Review your driving, are you over-reving and wasting fuel? Think about how to drive the economical way. Try to use your air con as little as you can, that’s a real drain on the tank! Did you know that petrol stations change their prices through the week? Tuesday and Wednesday are the cheapest days to fill up. Look for deals on petrol – such as Tesco offering 5p off a litre when you spend more then £50 in store (every now and then). I’v found Asda to have the cheapest fuel in our area.
Wash your own car rather than pay for it – get Aimee in her messy clothes and give her a cloth, it’s actually really good fun for kids! My 3 year old soaked herself on Saturday this way and she had a great time.
Also, try these sites for great tips on how to save money;
http://www.frugal.org.uk/index.html
http://www.moneysavingexpert.com/
ETA – Just found this;
http://www.moneysavingexpert.com/shopping/orange-wednesday#free
You can get a free orange sim card with £5 top up and use it for orange wednesday! I’m going to do that now…

I want to make some extra money on ebay and I was wondering what some good items to buy and re sell are?

It doesn’t matter what you sell. As it is often said, one man’s trash is another man’s treasure. Most everyone collects or wants something or other.

The thing you want to be aware of with the most popular items is that you will have the MOST COMPETITION from other sellers who sell the same items. To wit, you can’t be competitive and make a decent profit unless you get the best wholesale price to maintain an adequate profit margin. If your opening bid price is higher than other sellers selling the same items, you won’t have many sales.

Where to find stuff cheap:

Look no further than ebay itself. You will not be looking for single item listings but rather your target will be listings that have similar, grouped items. There are ebay ‘vultures’ who just love to swoop down on similarly grouped items in one listing. When they win these auctions, they turn around and sell the items individually and, in most cases, get one and a half to 2 times and sometimes three times what they paid for them on an average item basis. I know this works. When I had more time (read unemployed), I was one of these ‘vultures.’ This is one of those situations where the parts are worth more than the whole. However, do be cautious if you venture into this arena. You have to know your merchandise. Stay in those areas you are familiar with. You can’t jump in blindly to any and every auction that has grouped items.

If you can buy a large lot of similar merchandise for $100 to $200 and turn it around for $300 to $600, it works out very nicely, indeed! Most buyers of these large lots will be vultures as well so you could be ‘butting bids.’ Keep in mind that the higher the closing price at ebay, the less your profit on the turnaround. It’s not an exact science and it does take a little experience to really know what you’re doing but you can’t be afraid to go out on a limb. That’s where the fruit is. When I see an auction of grouped items it tells me loud and clear that the seller is far more interested in getting rid of their stuff the quickest, easiest way possible and ‘be done with it’ rather than in making a decent profit or profit at all.

Short of items to sell and where to find items to sell? Garage and yard sales, church bazaars, flea markets are obvious. These can be the cheapest sources of merchandise. ‘Junktique’ shops are not that good because these folks know their merchandise. This being the case, it is usually OVERPRICED, not under priced.

If you want to let your fingers do the walking, you too can be crafty ‘vulture’ like a select group of other ebay sellers. Become a member of several smaller auction sites and search for bargains there. But as before, ‘stick with what you know.’

These smaller auction sites are great for buyers for the same reason they are bad for sellers:

Fewer potential bidders = Less competition = Lower closing prices.

Turn them around on ebay:

The ebay formula:

LARGEST auction site by far = MAXIMUM competition = HIGHER closing prices

There are also volume sellers who concentrate on only a handful of popular items by buying in volume / wholesale at a discount and selling at a discount. The average schmo at eBay can’t compete with volume sellers of a particular item.

GOODWILL sometimes also has good bargains, but not always. Mondays / Tuesdays are the best days to visit Goodwill as most people will drop off their donations on Saturdays and Sundays and it has to be cleaned, sorted and marked before it can be placed on display.

To maximize profits, sell WORLDWIDE, not just one country. A basic business tenet is, ‘The greater the potential market, the greater the potential to maximize profits.’ It’s TRUE! You will now have access to 200+ million members.

GOOD LUCK!

This will be my first year filing a Schedule C for an eBay business and was wondering if a high revenue/low profit margin situation is a red flag. For example, my cost of goods was roughly $443,000 and my sales were $404,000 with approx $76,000 remaining in inventory. My gross income is approx $37,000 and after deductions, I am down to $25,000. I know its not an exact science, but would the fact that my net income comes to approximately 6% of my total sales make me a prime audit candidate?

Thanks

the things that attract an audit are unusually high specific expenses in relation to the rest of your expenses and in comparison with industry standards

I listed an item on ebay. But I needed to cancel all bids because the item is no longer for sale.
Someone bidded at the last second.
They declined me request to cancel the transaction
ebay have said to me:
"Cancel transaction case is now closed. You haven’t received a Final Value Fee credit yet."

What does this mean?
Thanks

In simple term – you wouldn’t get your money back. eBay added that little amount to their profit margin and told you nicely thanks for using eBay and paying them for nothing.

If you want to join the many thousands who have learned how to make money on ebay, here are a few facts and tips to help you get started.

ebay is one of the easiest ways to make money online and this is done by selling your products, goods or services on one of their auctions.

It’s an incredible fact that most of the world’s internet sales are generated by people who have learnt how to sell on ebay and it is estimated that there are somewhere in the region of a million people who make a full time income on eBay. For more results kindly login on to www.auction-extreme-package.com. Although this seems like a huge number, it is a minute proportion of the people who are actually searching to buy online, so there is still plenty of untapped potential in this market.

There is a vast array of things that are available for selling on eBay, ranging from physical products, digital download products or even low-priced e-books. With the latter you can earn huge commission checks on the backend from affiliate offers. You can also learn how to make money on ebay by selling your own products which you have developed.

If you want to dip your toe in the water before committing to buying products for selling on eBay, then you can just sell things that you’ve got lying around in the house. Search through that cupboard of stuff you never use, and you’ll probably find you’ve got a few hundred dollars worth of goods lying around in there!

This is the power of eBay: there is always someone who wants what you’re selling, whatever it might be, and since they’ve come looking for you, you don’t even need to do much to get them to buy it.

There are many aspects to learning how to make money on eBay from getting leads which then convert into buyers, to selling at the correct profit margin in order to cover your costs and also ensuring that buyers convert into repeat customers for your other products.

There are quite a lot of other things that you will need to do in order to get your business properly set up. You can also go to www.auction-o-matics.com. Here is a summary of a few of them, which you will need to think about in your business plan.
How to choose which products to sell
How to source them
How to get your customers to buy from you again and again
How to set up your own website
How to set up an auto responder to follow up with your customers
how to organize your store so that you niche properly
How to automate your eBay business using the various software tools
How to deal with eBay’s new feedback rules and fees
As with any Internet business, learning how to make money on ebay will not make you an overnight millionaire, but if you do your research and planning properly you can have your new eBay business up and running and starting to make you a profit quite rapidly.

Sukhesh Chander