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Imagine this: Monday morning instead of going out to work, you sit down, switch on your computer, and you decide exactly how many hours you’ll work this week and how much money you’ll make.
If you want a day off you can have one; if the dog has a vet’s appointment today you can go with him; if the kids need new shoes there’s something else you can handle yourself. No need ever to ask permission for time off, no having to work when you’re ill, and if you want to work nights while others work days that your decision, too.
That’s what life is like for most full-time eBay sellers, and lots of part-timers, too. And it’s the most exciting and exhilarating home business ever, as millions of people already know.
‘Fortune’ magazine says more than 48 million active sellers ‘selected, priced, bought, sold and shipped about $32 billion worth of merchandise in 2004’, a figure that’s growing daily. Many great case studies exist, such as a young girl in Britain who sells exercise equipment and banks £35,000 monthly (revealed in the Daily Mail), and a West Virginia couple the ‘Wall Street Journal’ says average $600,000 a month on eBay.
There’s a lot of money to make, a lot of selling taking place under one roof, a great business for you to start today. There’s nothing difficult involved and no high set-up costs to worry about, no special skills or experience are needed.
What you do need is:
Money? You don’t need a lot and you could start by selling surplus personal possessions with as little as 20p to promote your item on eBay, from which you plough proceeds back into sourcing and listing more items.
I can honestly say I never invested one penny of my own into starting my eBay business which now generates a minimum £1,000 a week.
I began by selling a handful of duplicate postcards from my own collection, taking payment through PayPal, also paying eBay fees through PayPal, and using surplus money to increase my stock. The stock expanded, the business grew, and I have never looked back.
The same goes for people like Stephen Rose of Indianapolis who now runs college courses showing others how to make money on eBay. “In many ways it’s like a gold rush”, he says, “and the beauty of it is, there’s an opportunity for people to make money and not work for anyone else, not even leave their house.”
So what are these millions of people selling, which are the best sellers, where is your place in the overall picture?
At any time eBay lists dozens of main categories on its Home Pages, some containing hundreds of sub-categories with often thousands of different products being auctioned. Today they include a pair of boots said to be haunted and the chance to become sole beneficiary of a young man’s will. Alongside you’ll find CDs, books and audio cassettes (the choice of the biggest PowerSellers generating 12,000 plus sales each month) and old postcards (a UK man sells 2 to 3 thousand cards a month), and much more besides.
Top US PowerSeller totalcampus.com sold 76,000 plus CDs, videos, books and cassettes last year; over 7000 posters pass through eBayer adamhersh each month; opinionsrfun process 3000 plus items every month bearing slogans and catch phrases. Not forgetting historicaltownmaps selling thousands of reprinted maps; zzl promoting reproduction photographs; texaswireless generating thousands of sales every month of camera, telephone and pc accessories.
Where to get those items?
“That’s the really FUN part”, says Sydney Johnson, 9 year eBay veteran and author of ‘Make Your Net Auction Sell’*, “especially if you love the THRILL of a hunt.” In fact, looking for products can be hugely exciting and we recommend you first try:
Items Belonging to You
· Items you make yourself, such as craftwork goods, books you’ve written or adapted from public domain titles, etc.
· Items you’ve found at boot sales, auction, flea markets, jumble sales, auction, liquidation sales.
· Things you’ve bought for personal use and no longer want.
· Items you’ve bought retail or wholesale with intention to sell on eBay.
· Items normally sold in your own or another person’s other business activity.
Other People’s Items
· Dropship Sources. This is where you sell items belonging to others who agree to ship the item directly to your customers. Typically you pay a fixed fee agreed in advance, preferably to firms selling continuous lines of quality, high demand goods, such as designer clothing, jewellery, remaindered book, as opposed to one-off items like antiques and collectibles.
· Items Bought on eBay whichyou consider might fetch higher prices with better descriptions or in alternative categories, and so on.
· Commission Selling, as where you sell other people’s goods for a fixed share of the proceeds, sometimes with you paying listing fees, more often the vendor pays.
With product in hand, now comes the selling, and that is the easiest part of all, although many tips, tricks and techniques provided in eBay Confidential each month will make the task easier still.
Most eBay auctions last seven days, typically with a minimum opening bid, sometimes with a reserve. If someone meets the minimum bid (plus reserve if appropriate) the item will sell. Good products, well described, will attract higher bids, sometimes beyond your best expectations. That’s the element of surprise no other business shares or even comes close to achieving.
Are you ready for a big surprise, are you ready to make money on eBay? Read on to discover why you could, and should join eBay today.
* Rather than list web addresses in eBay Confidential and risk confusing our subscribers with subsequently dated material, we recommend you learn more about Sydney Johnson by visiting www.google.com and keying in ‘Sydney Johnson eBay writer’. You’ll find hundreds of sources to choose from.
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