I have been an eBay member for years, but I would like to make some real money...I have heard of a friend of a friend who made over 12 grand last year reselling stuff. How can I do this? imisidro - I see why you're the 'Best Answer' king. That did it for me...no one else need answer...LOL. J/k. Do answer...haha. Sell products that people actually want.
If you want to earn serious money from eBay, you need to have a well-thought out business model. Selling on ebay is getting tougher -- just look at the number of auctions that closes without a bid. Go to the boards on ebay and you will hear even oldtimers complaining about how stiffer competition plus higher fees make it so much harder to sell on ebay.
Buying from garage sales and selling on eBay is fun, and good getting a few dollars here and there from ebay. Sometimes, you luck out on an item and hit big, but many times it will just be so-so (assuming you can even get the price you paid for it). In terms of fun factor, it is great. But from a business stand-point, it is not sustainable.
One success model of ebay is the couple Jay and Marie Senese (username jayandmarie) of the 1-cent CD fame. They have the highest positive feedback number of all sellers on eBay. Their business model is to buy very low cost CDs in bulk (those that CD stores sell in their discount bins) and offer them on ebay at a starting price of 1 cent http://www.businessweek.com/magazine/con... Their success is based on the fact that they stumbled on a sustainable business model with products that people really want. They sold their business -- where else but on ebay -- for $5 million! Now that is success.
eBay has several ways for you to determine exactly what the hot items to sell on their marketplace:
Items In Demand = the most popular items currently within that particular category. To see the In Demand page, go to http://pages.ebay.com/sellercentral/sell...
Hot Items by Category Report = a monthly report that lists the fastest growing categories on eBay for the previous month. Go to http://pages.ebay.com/sellercentral/what... and select "Hot Items by Category" from the menu on the left.
eBay Pulse = "a daily snapshot of current trends, hot picks, and cool stuff on eBay". Go to http://pulse.ebay.com/ to see eBay Pulse in action.
Merchandising Calendar = eBay promotes specific categories on its home page each month. Savvy eBayers know that this home page exposure results in more interest in such categories. Go to http://pages.ebay.com/sellercentral/cale... to view the current Merchandising Calendar.
For managing ebay listings, I use Timbercreek's Sold! http://www.timbercreeksoftware.com/... - it can create invoices, schedule your listings, manage multiple auctions, manage customers, track payments receive, etc. You can use other tools as there are myriad other products in the market available to help in ebay selling
As for items to sell, you can:
1. Buy bulk liquidation items such as those at Liquidation.com http://www.liquidation.com . The capitalization may be big, but the idea is to sell the items individually and profit from it.
2. Find manufacturers of items you want to sell and buy discounted items from them
3. Make deals with retailers in your area, and offer to buy their unwanted items for deep discounts. jayandmarie - the most successful ebay sellers - made deals with music stores where they will buy the entire inventory in the discounted bins, and then sold the items on ebay for 1-cent starting bid.
4. Look for possible partners on the Web, preferably outside of the US. Import items from them and sell them on ebay. There's huge profits to gain from this approach.
5. Go to outlet stores. But focus on BRAND names. No-names are useless (and are not guaranteed to be sold on the first listing). A family member of mine has an arrangement with the clerks in the Coach bag outlet and they call her when the store has a big discount. A handbag that retails for $238, she may be able to get that for half the price -- and it usually ends up selling as much as the retail price. Thank you. I wish you all the success. Report It
find out stuff that u dont want and ebay it Find or create something unique and beautiful like custom designed jewelry or buy a large quantity of close out product and put some beautiful words around in the eBay page. Buy low, sell high
B careful about fees (don't let too much of your profit go to paypal and ebay)
Sve real crap for free/reduced listing days, sell good stuff all the time
End auctions on sunday or monday for most potential buyers
Use selling manager pro and mister lister.
If you have lots of items all the time, have an ebay store and have categories for similar items so people bidding on one type of item can find similar items you are selling easily.
take advantage of price differences in different states and countries (IE something costs a lot in NYC but is cheap in your town, put it on eBay so NYC buyers can save money, or something is cheap here and costs twice as much in Germany, put it on German eBay (ebay.de) so those customers can save some money and you can profit).
that's all I can think of not everyone in eBay can make money as much as they want, there millions of seller in ebay. If you interested to do an internet business, go for the internet business, which requires less of your time and the one that will not make you feel headache with web designing, or which require IT knowledge. Second, choose the internet based company which offer you the opportunity and at the same time giving you the convenience to start the business. Third, choose the business, which does not require big money to start it.
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