Auction And Ebay Articles

Starting an eBay Business: What To Sell

What do you sell on eBay?

That is the real question isn't it. Once you have cleaned out your garage and attic where do you look? You want to turn eBay into a cash generating machine, but you need to sell something&anything.

That is the trap. You are looking for something, anything to sell and when you find it, you start selling it. Only later do you realize you have wasted your time and money because you did not know how to check out your market, you did not know what items make money and which ones only sell at break even. Many people make the mistake of buying at yard sales or flea markets. This is a dead end. You will NEVER make money like this. I do not care how many self proclaimed guru's you see on late night TV promoting this system. I guarantee you they never did it as a business!!!!!!!

You will spend all day buying junk for a few dollars, then when you try to sell it for big money on eBay, no one will buy. Everyone knows about eBay and most of the stuff sold at yard sales and flea markets is stuff they can't sell on eBay. If they could, they would not bother selling any other way. Some false prophets tell you to run classified ads offering to buy items that you can resell on eBay. That is another dead end. If you run a classified ad in your hometown free-paper saying you want to buy gold watches, every nit-wit in your area will contact you and try to sell you a $2 gold painted Timex for $200. You will not know what it is until you meet them and then you have wasted your time. Even if you are lucky enough to purchase one good watch, at a good price, every day, you are still losing. If you make $50 per sale you are making less than minimum wage when you total up your expenses and income at the end of the week even if you sell one watch every day! This is not how you make money on eBay.

The next place most people turn is to a wholesaler or a drop shipper. Wholesalers sell you items at a discount if you buy a lot of stuff from them. One XYZ model mp3 player may cost $100 but if you buy a case of 100, they may charge you $55 each. Now all you have to do is sell them on eBay for $75 right? WRONG! Take a look at the eBay listings and you will see other people selling the same item for $55 and even less. How is this possible? Simple, the REAL price is not $100. That is a lie told to you by the wholesaler. The real price is the street price, what it is actually selling for, not the MSRP or suggested price.

I fell into this trap with a well known drop shipper. I paid them a $100 signup fee and only then did they let me see their listings where they were claiming a harddrive cost $200 retail and wanted to charge me $120 wholesale. When I checked the web, it was actually selling for $80 all over the Internet. They wanted me to pay $120 for a harddrive, then resell it for $80 or less? How is anyone supposed to build a business like this? You can see that the large wholesaler and drop shipper companies are never going to help you to build your business.

A drop shipper is a wholesaler that ships the items for you. This sounds too good to be true...and it is.

Supposedly you sell an item on eBay and then have the drop shipper ship the item directly to the customer. The customer pays you $100 and you pay the drop shipper $50 plus shipping costs. It sounds so appealing. It never works out like this. There are no legitimate drop shippers who will deal with small business owners. Wait, I am wrong there. There are dishonest drop shippers who are happy to take your personal information and steal your identity, or take your upfront fee before showing you their inventory. Drop shippers are another dead end and no one is making serious money using them on eBay. There are some legitimate wholesalers but you must know how to tell the difference. For every legitimate wholesaler, there are ten other dishonest or incompetent companies claiming to be wholesalers.

All is not lost!

Now that I have debunked the biggest myths about making money on eBay, flea markets, classifieds, drop-shippers and wholesalers, you may be wondering how anyone obtains a product to sell on eBay.

This is how you can do it:

1. Make your own product 2. Find a specialized niche wholesaler 3. Re-sell someone else's information product 4. Modify or combine an existing product to add value

I hope you pay close attention to these 4 items because these are the ones that make you money on eBay.

Each of these methods allows you to sell a valuable item with little or no investment. You do not have to pay any upfront charges or membership fees for any of these either because you are in control.

These methods are discussed in detail in my Free eBay Cash Machine mini-course. It is easy to make your own product and you can even make someone else do it for you. Sometimes they will do it for free. You simply need to know who to ask and how to ask the right way. Niche wholesalers are the only way to go if you want to resell someone's product and if you combine this with number four, you can charge more and sell more.

eBay is not so mysterious when you know how it really works. When you know what products are high profit items and which products are only causing you extra work, you can spend your time making money and not just packing envelopes, hoping that somehow you will come out ahead for the week.

I am not just blowing smoke when I talk about Wholesalers. I have firsthand experience with them. I have put together a Case Study on Importing from China. This is my personal experience when I imported 1000 game consoles from China. I reveal who I bought from, what went right, what went wrong, and how you can do the same thing. Buying items from China is very inexpensive which means you have a lot of room to mark-up your price. If you would be interested in this case study or in downloading my free wholesaler/drop-shipper list, visit my site to now.

Sign Up for the Free Start Your Own eBay Business mini-course at http://www.dontbidonit.com/businessclass.htm and find out how to turn eBay into a full time or part time money-making business.

Article by Michael Ford, Author of Don't Bid On It Until I tell you how eBay Really works and founder of auction-safety.org

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Reason why you should choose duration for Your Ebay Auction
When it comes to durations, you have a wide range of choices: your auction can run for 10, 7, 5 or 3 days, or even only one day if you have a good enough feedback rating.

Ebay Auctions: Win An Auction
As you initially begin to sell in ebay auctions (http://www.auctiontrafficformula.com/), it can be daunting wondering how to obtain the largest number of individual viewers to see your postings. Naturally you must be certain to have complete and accurate descriptions and lots of good photos, but what else can you add to generate no-cost traffic which brings you a very large quantity of different visitors.

Six Steps Towards Successful Buying at eBay Auctions Six Steps Towards Successful Buying at eBay Auctions
Buying on eBay can be very rewarding, either in terms of being able to pick up items cheaply or for hunting for hard to find items. Although generally the experience is good, there are instances where things can go badly wrong. These tips, based on experience over the last seven years, should help to avoid some of the potential pitfalls.

Ebay Auction Software: Automated Gold Mining For Auctions On Ebay And Elsewhere Using Software
You may already know how to grab great bargains on eBay and other auction websites because the titles are misspelled. In fact, you may spend a great deal of time hunting around for them, one by one. You may even know of a website or two that offers you a free list of these misspelt auction listings. Do you ever wonder if you're missing out on a bunch of them, just because it's too tedious to plow through them all by hand?

Auction Image Hosting for Ebay Auctions: Free Single Most Recommended Tip
It is a well known fact that the more pictures taken of an item, the better it will sell. Not only will you get more bids, but you will make a superior final profit.

Ebay Auctions: Some Of The Oddest Items Ever Auctioned
eBay has become the hotspot for people to sell strange items. Over the past few years, where eBay has grown from a virtually unknown web site to the leading online auction marketplace in the world, some very odd items and services have been offered up for auction on the site. Strangely enough, many of these strange items have sold for thousands even tens of thousands dollars. A few of these items have sold for six or seven figures as well. eBay does have a policy that it takes down any auctions that it sees as not legitimate, but still, it allows many of these strange auctions to take place. In fact, these strange auctions have become part of the culture in America as they appear in Late Night Television shows, comedic sketches, and in thou...

Personalization Patent Goes Up for Auction on eBay
Patent makes targeted marketing more precise.

eBay Auction Bidding Strategies--Overcoming the most Frustrating Situation on eBay
The Problem..

Ebay Auction Selling Secrets - Using Ebay to Launch Your Very Own Highly Successful Website
Launching your very own successful website is the dream of many people worldwide because it is a new way to make money and be employed by oneself with little overhead. So, once you have your website you will need traffic to make it successful.

RainWorx Auction Software Expands Sales for Independent Online Auction Websites
RainWorx Software released version 6.0 of their popular auction website application rwAuction Pro. RainWorx Auction Pro allows businesses to create an independent auction website with Standard and Reverse Auctions, Classifieds, RFQ, or Fixed Price Sales. Version 6.0 includes a completely rewritten invoice system for managing transactions between payers and payees for all users including website owner sales.

How Professional Ebay Auction Templates Can Boost Your Ebay Sales
Do you like to sell on eBay ? It's easy and fun, isn't it ? In fact, it's one of the easiest online business you can start almost overnight, without any major investments. That's the best thing about it.

Top 10 Reasons Responsible for EBay Auction
Are you finding that auction after auction fails to attract any bidders or buyers? Then Visit www.auction-extreme-package.com It happens to the best of us sometimes  take a good look at these things to see if any of them could be making your bidders avoid you.

Ebay Car Auction Site ? Our Guide To Car Auctions On Ebay
An Introduction on eBay - eBay car auction site

You Need Ebay Auction Software To Make Money Through Ebay
There is not much that is needed for starting an eBay online auction business. Besides the right eBay auction software, you also need to have a computer, an internet access and of course, an eBay account. You also need to have a PayPal account as many buyers prefer making payments in credit cards. And if you have PayPal with you, you are sure to find an increased demand for the products on your eBay auction site.