How to Make Money Selling on eBay
The media has a love affair with bizarre online sales – ghosts in a jar, grilled cheese sandwiches with the Virgin Mary baked right in, loyalty to sports teams – we’ve all heard plenty of strange things that have been sold on eBay. However, the more that individuals hear about these strange stories, the more aware we become that there are plenty of people making a lot of money on eBay.
In addition, there are a host of “get rich quick” programs out there that focus on eBay. Radio and even television have been invaded by internet gurus that claim to show you how to quit your job and begin making full time incomes on eBay and how to become a Powerseller.
You could pay thousands of dollars to these gurus to have them teach you how to make money selling on eBay, but the truth is that it is quite easy to do so. Contrary to popular opinion, the key to eBay selling is not to go to garage sales and thrift stores looking for gems. The key to building an eBay business is not to scrounge around your house looking for collectibles that will demand a high price. Although there are those that do this, it is not the best way to make full-time incomes or second income streams. Instead, the key to working at home via the world largest marketplace (a.k.a. eBay) is in selling other people’s products, which is what internet work at homers like to call “drop shipping.”
Drop shipping (also seen as one word) is simply the process of selling wholesale products for a profit and having your supplier ship directly to the customer. Dropship businesses are nothing new, but the internet has made it possible (and profitable) for the common stay at home parent, retiree or student to make good money following the same process that has been used by companies for years. The dropship process works like this:
1.) the work at homer finds a product at a wholesale price
2.) the product is listed on eBay (or another auction site) or one’s own web site
3.) a customer finds and makes a purchase
4.) the seller then orders the product from the supplier and ships to the customer
By following this process, the seller avoids putting down any money, because payment is made before the product is ever ordered. The seller also avoids the packaging and shipping process, because the supplier ships directly to the customer. This process can be duplicated for any product to serve any group of perspective buyers. Most Powersellers achieve this status by drop shipping, and they often make full time incomes doing so. Where do they find products to sell? This is a topic in and of itself, but most drop shippers find wholesale products via drop ship directories.
Before quitting your job and attempting to make money drop shipping, it is important to start small. Attempt to drop ship a few items, and once you find your way around eBay and get used to the process, then you can spend more time and energy into your business.
Daniel Westfield
http://www.articlesbase.com/home-business-articles/how-to-make-money-selling-on-ebay-98306.html
Can you really make money selling in eBay?
I just want to know if anyone here has actually made money and a steady income selling items on eBay. I already have a full time job but want to make some money throuh eBay to boost my income and help me save for a holiday. I’ve heard of people saying they buy stuff abroad (China, Japan) and then sell it over here but I’m a bit suspicious. Anyway I want to here some real stories of people who have actually made money selling on eBay
Thanks
Oh dear, spammers what a surpise
Hi
A few weeks ago ebay had their first ebay millionaire, he done this by buying and selling accessories, he gave up his job to this full time and employs six staff to help with the distribution.
I hope this has answered you question.
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newspaper in the uk
I can’t comment on tradesmen (i.e. those running a business) however it’s quite possible as a private individual ..
Essentially you are selling second-hand goods .. you need to do a bit of research on eBay and find out what’s selling well .. then you source the goods from Charity Shops / Car Boot Sales / School / Church / Club bazaars, fairs & markets etc.
All the best stuff at a Car Boot goes in the hour or so just before/after opening .. if the sellers start setting up at 7am for an 8am opening, you have to be there at 7.30am or earlier .. and the best bargains are to be had in the 30mins just before closing …
Focus on the ‘occasional’ sellers i.e. those who do not turn out week after week, have no real idea what stuff is worth and will want to get rid of everything on the day = if you go every week you will soon spot the ‘traders’ – they know what stuff is worth and won’t be dropping prices much at the end of the day since they can be back with the same stock next week .. so don’t waste your time looking for bargains there …
Talk to the people in the Charity shops & find out when new stuff is coming in – a lot of shops move stuff that’s not selling in one area to another area – it’s often irregular but the staff usually know a day or two in advance .. so drop in daily and chat to them .. after a while they will know the type of goods you are interested in and will start putting stuff aside for you ..
Church and School bazaars are a very good source of cheap stuff .. again, best value as soon as it opens, best bargains just before closing = they are not held that often so they will just want to get rid of everything on the day .. and the stuff is usually donated so they are happy to get whatever you offer ..
Just like any other work, if you don’t spend time and effort you will see little reward ..
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