Starting an eBay business is easy, fun but what if you want to turn eBay selling into a successful business? Here's what I think are the keys to successful eBay selling.
Learn how to make money on eBay with this article. Visit HowStuffWorks.com to read about How to make money on eBay.
Dropshippers hold all the stock for you, so you only actually pay for an item once you’ve received payment from the customer. you may have to pay a fee to join the scheme in the first place though. if you choose to go with one or more wholesalers you will need to have the room to buy the stock, and the money to buy it in advance. this comes with more risk since you could buy stock that doesn’t sell, but with the tactic we’ve already covered for checking completed listings before you order anything, the risk here should be kept to a minimum.The powerseller symbol is highly prized among serious ebay sellers, and there are five levels to strive for. the first is bronze, and it’s a lot easier to reach than you might think. while you might set a goal for yourself to reach powerseller, you will find that if you build up your product range and gradually increase your sales, you will reach it in no time. and if you get off to a great start you might just do it in three months – the minimum time you can actually do it in.Now that doesn’t necessarily mean your product area needs to be a small one; on the contrary it could be quite large. you could sell toys for example – there’s plenty there to keep any seller going for months on end without selling the same thing twice. you do need to pick a popular product though, and it’s worth doing some research using ebay’s advanced search feature to find out what is selling and how much it’s selling for.Another method is to search for what you want on google. this sounds deceptively simple and in fact many people don’t think of doing this. it can be a bit hit or miss, but it’s possible to find some excellent wholesalers through this method. over time you will go from having one wholesaler to a handful of sources to get your stock from, and you can build up your product range as you start to grow.
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Now i was ready to get started, so i started off with the smallest, cheapest (so i thought)item i had to sell, a spare part from my car. there was nothing special about this item - it was a part of the grill. i had put on a 'fancier' grill, and i no longer needed it. it was slightly dinged, but in good condition. a brand new one was about 0 from the dealer. so i took a few pictures of the grill, wrote a simple description for the ebay auction being careful to explain that it was not new and had some scratches, and why i was selling it. i posted the pictures (very easy to do on the ebay web page) and started the bidding at .A few hours after my auction ended the winning bidder had already transferred his payment into my paypal account. now that i had my money i was ready to ship the car part the winner so eagerly wanted. i took the part to my local ups store had them box it up and ship it off. shipping is where you can cut into your profit. after seeing how expensive it was to box up and ship my part i decided that i would do all the packaging myself for any future sales. this saved me a lot of money on everything else i sold on ebay.The following weekend i went to several yard sales in search of other people's junk i could make money from. i found some old radios, portable tv's, toys, etc, all which only cost a few dollars each. i put all of my yard-sale finds on ebay over the next few days. i was disappointed that my profit's were not as high as with the items i found around my house, but i still made over 0 ! the next weekend i went yard-sale'ing again and found more low-cost 'gold' for ebay. again, making even more cash.The first day or two i didn't get any bids. but on the third day i got my first bid! i was thrilled! then, only a few hours later, the bidding was up to ! i started watching my auction results like it was an addiction. after a few days the bidding price was over 0! i could not believe it! this car part that was just laying in my basement was already worth over 0! a few days later the auction ended and the winning bid was for 5! that was the easiest 5 i ever made!
There are three basic strategies to consistently making money on eBay today. I know these three work, because I still do them.