How to Make Money on eBay

One of the latest home business trends today is making money with what you already have, whether you have a product to offer or your own expertise. You may even be able to turn one of your favourite hobbies into a full time money making business. This is what eBay opportunity is offering for.

There are millions of people who make money on eBay each and every day and many of them became successful in this business venture. Thousands and thousands of sales are made each day, resulting in a lot of income for a lot of sellers. And there is still room for you if you want to get involved – whether you want to earn some part time cash or set up a whole new full time business on the side.

eBay is now the world’s online marketplace where buyers and sellers come together and trade almost anything. In fact, you can have a great time finding buyers to sell your products. It has become a great location for auction and trading.

But where do you get your stock from? How do you get started? And how can you build a business that gives you Power Seller status which is a highly prized among serious eBay sellers? Just relax – you’re about to find out.

It’s easy to get started making money on eBay. First, you need to sign up and once you have done that for your free account you can now experience a great way to get what you want to sell and auction off some of your personal items that you no longer want. You can also start buying stocks for you to resell but it is better to get some basic selling experience first.

The next thing you need to do is you’ll need to decide what kind of business you are going to build on eBay. Certainly, you can sell anything you like but if you want a name of yourself; it will help you to become popular by selling a specific type of item. It does not necessarily mean that your product area needs to be a small one; on the contrary it could be quite large.

There are lots of items that you can sell on eBay- plenty of these of items keep any seller going for months on end without selling the same thing. So you need to select a popular item to sell. It is worth doing some research by using eBay’s advanced search feature to find out what is selling and how much its selling for.

For example you may want to sell cell phones. There are lots of cell phones you could buy to sell on eBay, but if you don’t know which one will sell then you could lose money buying the wrong stock. That’s the reason why you need to search the ended listing on eBay so that you can see on which titles consistently sell well and which one will make the best profits for you.

When you already know what to buy, you need to know where you can get the stock from. The drawback here is that no sellers is going to tell where they bought their stocks. In order to find the best sources of stock that you need, you must know what the two sources of stocks are. These are wholesalers and drop shippers. Both have advantages and disadvantages but it depends on your personal preference.

What is the difference between wholesaler and drop shipper? Wholesaler means that a merchant middleman who sells chiefly to retailers, other merchants, or industrial, institutional, and commercial users mainly for resale or business use. If you choose this source you will need to have a room to buy the stock and the money to buy in advance. This comes with some risk since you could buy a stock that does not sell but with the tactic on checking completed listing before you buy stock before you order, the risk will be much less.

Another thing that you need to do in selling items on eBay is to build your feedback. This is an important part of being a good seller and having a good reputation from your customers. It sets you apart as being a reputable seller.

The final step is to know the price of the items you are selling. The best way to determine your bidding price is to conduct a search for similar items that are already for sale on eBay. Find out which items have sold and in what price range, and how many similar items are still in the bidding process.

That’s it! You are ready to make your first sell on eBay. But above all of this, remember that it can take a little time to build a successful business – but if you’re determined to achieve real success on eBay you will enjoy the journey.

For more FREE information please click on the link in the resources box below.

My 12 Tips For Selling on eBay

My 12 tips for selling on eBay are designed to help you to make as much money as possible. It’s all too easy to make what many would regard as a minor mistake that could finish putting a sizeable dent in your profits.

Although my list is compiled with the home based business person in mind they equally apply if you are just clearing out unwanted items from home.

12 Tips for selling on eBay

  1. Always try to begin your eBay career by selling personal items that are superfluous to requirements. You will rapidly learn how to take and upload photographs, compose titles and write good descriptions.
  2. Items with brand names always sell better than unbranded ones. ‘Sony 50” TV’ is more powerful than just ’50” TV’
  3. Getting the title right is absolutely vital and could mean your item selling rather than that of the competition. Don’t waste characters on words that no one will search for. People rarely put in model numbers or adjectives like nice, beautiful, comfortable etc. But do include keywords related to the product if you have the space.
  4. Your description should be comprehensive. Include everything that you would like to see there including, colors, dimensions, weight etc. Be honest and use spell check.
  5. Find out what you should be selling for by filling in the search box on eBay with your item description, then click on ‘completed items’ in the left hand side bar to discover what they sold for.
  6. If you need to save space in the title bar there are abbreviations commonly used on eBay. BN – brand new, BNWT – brand new with tags, BNIB – brand new in box, BIN – buy it now and VGC – very good condition. Only use these if absolutely necessary.
  7. Be careful with auction ending times. You don’t want them ending in the middle of the night. This sometimes happens when listing in a country other than your own.
  8. It may seem obvious but don’t sell stuff out of season, barbecues in December – it happens!
  9. eBay sometimes has ‘free listing’ weekends watch out for these.
  10. I cannot advise on tax but remember if you are running a business on eBay you need to take professional advice.
  11. Feedback is everything. Do everything you can to protect it by giving outstanding service. If a refund is needed, give it quickly and with good grace.
  12. To advertise free delivery is a powerful marketing tool.

I hope you find my tips for selling on eBay useful, there are lots more but if you get all of the above right you will be well on your way to being the next eBay powerseller!

If You Own A Quickdrop Ebay Drop Store Franchise What Will You Do Now?

QuikDrop Says Goodbye…

In an article written by Ina Steiner of AuctionBytes.com this morning, it is reported that QuikDrop, one of America’s largest drop off eBay store franchises, is closing up franchise sales and support operations by the end of this month. The current franchisees (store owners) are free to continue store operations but will do so without corporate franchise support or software.

…at least one storeowner was worried over QuikDrop’s notice that it would cease offering the stores use of its proprietary software program on December 31. Bob Golub, owner of a Massachusetts QuikDrop franchise store, said he wasn’t surprised at news of the closure, but is worried about finding replacement software and learning a new program in such a short period of time. “We’re all scrambling,” Golub said. Excerpt by: Ina Steiner AuctionBytes.com

If you own a QuickDrop franchise what will you do?

Will you move on and continue with operations with newer and even better software provided by a third party like AuctionLogic (powered by AuctionSound)? Or will you try to run your consignment operations with eBay’s Turbo-Lister?

Services are available such as AccountingLogic which will help you convert your data from your existing software or bookkeeping software and import that data into your new listing software. Learning more modern web based consignment listing software suites is not nearly as difficult as QuickDrop store owners might imagine. Training is available through the software vendors or their consultants and in the end your costs will be much lower while your ease of use and efficiency will improve.

My advice would be to weigh the options and evaluate this change as an opportunity. QuickDrop may have given the entire franchise the best Christmas present possible. But shutting down the bleeding and operations they have given the franchises an opportunity to control their own destiny and run their business as they want to. The reduction in overhead will give each franchise owner breathing room to implement new advertising, website development, and eBay store upgrade options which were not available to them as a franchise owner.

Beyond highlighting the numerous valid reasons for avoiding the purchase of a eBay drop store franchise, as previously detailed in this publication… This development also brings to the forefront a business practice which I believe every small entrepreneur should avoid…

The dependence upon one company or entity to supply your business with all of its required software and branding and ultimately, income… is fool hearty. Throwing all of your proverbial eggs in one basket is unwise in any venture, to depend upon one company for software and branding is risky.

While this lesson is demonstrated very plainly by this latest QuickDrop development. The same lesson can be applied to the practice of placing all of your product sales in one channel such as eBay. It is unwise for any business owner to be so entirely dependent upon the stability, largess, or whims of another company. If you are only selling via eBay or if you have a franchise eBay drop store of any brand, you should take today’s news as a wake up call. Look at your operation and analyze where your income is developed. If your stream is one river then you should diversify. Find a way to sell elsewhere, look for other support options, review other software vendors…

Always look for ways to spread out your dependence upon other entities and your business will be more healthy and better able to survive when one vendor has a bad situation develop. Your business is not unlike an investment portfolio, investing all of your cash in one stock is never well advised…

Everyone in the QuickDrop family should thank the corporate offices for this decision. There are other software suites available which are more user friendly and have better support and they are available at less cost than the price of a franchise and royalty fee.

Congratulations to all of the QuickDrop franchise owners – you have been set free.

Boost Your eBay Sales Using Simple, But Effective Approaches

eBay is amongst the best platforms you can choose to use to sell your products on. But considering that there are thousands of other sellers trying to attract sales just the same way you are then you are better off approaching it strategically so that you are able to boost your selling rates. If you want to attract more traffic to your listings, then you must get it right when packaging and presenting it to your targeted market.

Marketing is not always a cheap affair and it therefore makes more sense to optimize eBay business in such a way that you are able to attract traffic and increase sales. Fortunately, this is not that hard to achieve when you know and take care of all elements that really matter. A few simple but effective steps are all you need to take to start selling more on the platform.

Build and eBay identity – Branding is what you should be paying attention to so as to gain the trust of your customers. When you are able to successfully build a brand around your business on the platform, you will be in a position to enjoy return traffic, repeat business and also benefit from referrals. Be professional and consistent with your brand so your customers are able to remember you and trust you. You can consider developing a logo for your brand; a professional designer will help you create the most suitable for your business.

Let your username be sensible and professional – The last thing you want to do is choose a username that does not make any sense to the customers or one that is too long or complicated to remember. Keep the username relevant to what your brand is all about and let it be short and easy to remember and type to attract more traffic. If you make it too complicated then you risk losing traffic that would otherwise have led to a sale.

Let your branding be consistent throughout your eBay platform – The good thing about eBay is that the interface can be customized. You can therefore take full advantage of the opportunity to leave a mark. Take branding all the way across, listings, eBay shop, ends of auction email and even checkout and payment mode. The more consistent and spread it is, the better it will be for you to create a name that can be trusted.

Mind your listing template – Remember that you will be selling online where buyers do not have the luxury of touching and physically seeing the items that you are selling. For this matter, you must make it possible for them to understand the exact product you are selling them by providing every relevant detail about it. The more reassured your potential buyers are, the higher their chances of buying are, hence you should never leave anything out. Let your listing be made up of high quality pictures of every item you are selling, full description, including dimensions and features and any damage present, return policy, accepted payments and postage costs.

The Top Sellers On eBay & What We Can Learn From Them

A fascinating eBay case study is the number one seller on eBay, a little outfit called Marie’s CDs, but is better known under its old name “1 Cent CD.” Jay and Marie, current ID “jayandmarie”, are an institution on eBay and are a big part of what makes eBay such an amazingly popular phenomenon.

This little company is literally an eBay dream come true. They started small out of their home in California in 1999 and began growing quickly. To date they have completed over 1 million auctions on eBay and have a feedback rating of 177,018 with 99% satisfaction from their customers!

When I say grow, I mean it in a Jack and the Beanstalk kind of way. Their business started out as a little fly-by-night outfit and has now sold over 1 million dollars (yep, that’s $1,000,000) annually for the past three years… Let me repeat that: over a million dollars in sales each year for three years running! Now THAT is growth!

They employ several people, have three small buildings in southern California, and ship items all over the world (mainly CDs). They got their fame from their auctions for CDs that start at only a penny…

What can we learn from this fascinating case study? What do Jay and Marie actually do?

Well, for one thing, they have huge numbers of auctions. Today, they have 83 pages of auctions listed. eBay lists 50 auctions to a page, so that is over 4,000 auctions.

Secondly, they offer great value, because their CDs begin at one cent. Yes, all of them.

None of their auctions has a reserve. Does it pay off? You betchum! Today, looking through 4 pages of eBay auctions, only 3 of them had no bids – so far.

And, naturally, their great feedback and reputation work heavily in their favor. After all, how many eBay sellers have 177,000+ feedback points with over half a million transactions completed.

This case study shows all of us how smart marketing and a great business model can pay off on eBay – and ecommerce, in general.

Edge of Using Pre Designed eBay Templates

The basic advantage of using an eBay template design relates to your store or auction look. The template can give your store a professional and elegant look resulting in the attraction of more customers and increase in sales.

The auction seems to be put in a lot of effort if a professional customized eBay template design is used to make it stand out.

A pre-built design saves time and effort making your job less tedious, meaning that you would not have to pay someone to do your designing nether you would be spending a lot of time on it yourself. This would enable you to put that saved time into other aspects of your business such as marketing or driving in more customer traffic.

Another massive benefit of using an eBay template design is that multiple auctions could be done in far less time than making each auction individually would.

Predetermined forms are available to set according to your requirements if you do not prefer someone else to create a template for you.

Another edge that you get from it is that you do not necessarily require vast knowledge of things such as HTML and you can just click your desired options and the engine would create a template for you fulfilling all your requirements.

Free templates are often available online created by many web developers. They create templates and post them on the internet allowing anybody to use them as long as they mention and give credit to them at the end.

The above mentioned way provides with a mutual benefit as not only you get a template that best suits your needs and matches up with the quality, you can also help the designer in evolving and you can also benefit by making an agreement with the designer to continue working for you.

As a lot of people planning to start an eBay store do not have expertise of that level in forming the store, the eBay design templates available online help them a lot and they rely on those templates a lot.

If you plan on starting an online business and building your own brand identity, it is recommended that you hire a designer that builds you a customized eBay template.

In order to make your products more recognizable and understandable, have an attractive logo and a good header.

Usage of the same logo and header across all your online links such as blogs, websites or other auction templates is important and recommended as the logo and the header becomes your identity and the customers can easily recognize you and relate to you.

Apart from various other benefits provided by the use of eBay template designs, it also allows sharing of maximum information with the potential buyers by the displaying important features on your page.

But before all this, it should be kept in mind that the buyer can only view your auction templates and see how professional and elegant it is if they are in your listings. And to get them in your listings it is important to focus on traffic generation, constant monitoring of competition and keyword searches.

Know Your eBay Fees And Charges And How They Will Affect Your Bottom Line

Depending on the country you live in eBay fees and charges will vary slightly.

Just like in traditional bricks & mortar businesses, you’ll need to keep a close eye on all eBay fees and charges because they will have a major affect on your overall profit margin.

One tip can be to use the starting prices shown and keep them just on the lower side of what you would like. For example, if you want to start your listing at $50, start it at $49.99 and save yourself $1.20 each time. Remember, every cent in your pocket increases your profits and helps you build a bigger eBay business.

Remember, just because you live in one country, doesn’t mean you can’t list your auctions in another. Many eBay sellers even run their whole business in an entirely different country than the one they live in.

As your business grows and you discover new niche markets you’d like to exploit, you may even want to create various Seller User ID’s and sell products all over the world.

No matter which eBay website you decide to list your items on, all fees will come back to the one payment source you establish when you sign up. This gives you lots of flexibility to run your business.

eBay Express

eBay Express is designed for shoppers who don’t particularly want to go through the auction format. At eBay Express shoppers can look for the items they’re interested in and purchase it immediately.

The added benefit of eBay Express is it has a Shopping Cart feature, allowing the shopper to buy multiple items, from different sellers, and complete the deal in one transaction.

The customer is also covered by free Buyer Protection on all transactions. This gives the customer added security and gives them confidence in shopping directly online.

To be included in eBay Express as a seller, currently it’s only available in the US and items can only be shipped within the US, so you need to have a base there or fulfilment services.

You also need to have a minimum of 100 feedbacks with a 98% Positive feedback rating. For your listing to appear, it must be a Buy It Now Auction, a Fixed Price Listing, or a Store Inventory listing.

Tips for Starting Your Own eBay Women’s Clothing Store Business

Launching your very own women’s eBay clothing store is a great way to begin a journey of financial freedom and independence while working from the comfort of your own home. Starting your own eBay women’s clothing store requires a bit of planning, preparation and some creativity to get your store off of the ground and running. The more you prepare to run your online store, the easier it will be once you begin to receive orders from those who are interested in the merchandise you have to offer.

Tips for Choosing Your Inventory

Determine what type of merchandise and inventory you plan to stock within your online eBay store before you begin searching for merchants that are right for your business. Create a list of the type of inventory you want to stock along with specific sizes you require for each piece of clothing or good you are interested in. The more detailed you are with your budget and specific about the type of clothing you want, the easier it is to work with merchants and wholesalers who provide what you need for the industry you represent.

Keep in mind any colors you want to offer as well as size charts from each vendor before you place any order to ensure you keep your customers as satisfied as possible when they make a purchase from you.

Finding the Right Wholesale Suppliers for Your Business

Finding the right wholesale suppliers is also necessary when you are shopping for a women’s clothing store on eBay. Finding a wholesaler online that caters to those who have eBay shops is highly recommended to purchase high-quality products and merchandise at a discounted price, especially when ordering in higher volumes. Shopping online to find the right wholesalers is a way for you to save time while also getting more access to hundreds and thousands of items depending on what you plan to sell to your customers.

Avoiding Shipping Nightmares

Avoid shipping nightmares when ordering any of your products wholesale by reading and reviewing all terms and conditions that have been put in place by wholesalers and other merchants you are using to purchase your items. Be sure to read the terms and conditions of all vendors you work with when operating a store of your own on eBay, especially if you plan to order items in bulk. You may also be able to find discounts from various merchants with the more you order in wholesale.

Importance of Pricing Factors

It is essential to factor in the pricing of your items and the markup you want to charge before launching your online eBay women’s clothing store. Consider the price you have paid for each item before marking it up and selling it to others. Additionally, it is also important to consider whether you are paying for shipping or requiring your customers to pay for shipping before setting a price for the merchandise you have for sale. If you plan to pay for shipping yourself, it is highly recommended to consider marking up the total cost of the item more to increase profit margin.

Consider Potential Fees

Whenever you have an eBay shop for women’s clothing, it is necessary to consider all PayPal and eBay fees you may encounter each time you make a sale or transfer your funds to different accounts online. Your eBay account may charge you for each sale that is generated, which is important to keep in mind when you are setting your prices online based on the amount of profit you are looking to generate in revenue altogether. Additionally, PayPal also takes fees depending on the type of merchant account you currently have as well as the number of sales you are making regularly. Read the terms and conditions of both sites before you begin selling your merchandise.

eBay Feedback Run-Ins and How to Keep Everyone Happy

Although you may ship your items on time and deliver a high-quality product, it is important to be realistic and to expect poor feedback from time to time, often from a difficult customer. It is essential to push for positive feedback from all customers to help negate any negative feedback you receive with your eBay account.

Learning all about the selling and marketing process of running an eBay store is a great way to get started in running a successful online women’s clothing business from home. The more time and effort you put into building your own eBay store with high-quality goods at affordable prices, the easier it is to build a loyal following of fans and potential customers for your brand.

Boost Your eBay Sales Using Simple, But Effective Approaches

eBay is amongst the best platforms you can choose to use to sell your products on. But considering that there are thousands of other sellers trying to attract sales just the same way you are then you are better off approaching it strategically so that you are able to boost your selling rates. If you want to attract more traffic to your listings, then you must get it right when packaging and presenting it to your targeted market.

Marketing is not always a cheap affair and it therefore makes more sense to optimize eBay business in such a way that you are able to attract traffic and increase sales. Fortunately, this is not that hard to achieve when you know and take care of all elements that really matter. A few simple but effective steps are all you need to take to start selling more on the platform.

Build and eBay identity – Branding is what you should be paying attention to so as to gain the trust of your customers. When you are able to successfully build a brand around your business on the platform, you will be in a position to enjoy return traffic, repeat business and also benefit from referrals. Be professional and consistent with your brand so your customers are able to remember you and trust you. You can consider developing a logo for your brand; a professional designer will help you create the most suitable for your business.

Let your username be sensible and professional – The last thing you want to do is choose a username that does not make any sense to the customers or one that is too long or complicated to remember. Keep the username relevant to what your brand is all about and let it be short and easy to remember and type to attract more traffic. If you make it too complicated then you risk losing traffic that would otherwise have led to a sale.

Let your branding be consistent throughout your eBay platform – The good thing about eBay is that the interface can be customized. You can therefore take full advantage of the opportunity to leave a mark. Take branding all the way across, listings, eBay shop, ends of auction email and even checkout and payment mode. The more consistent and spread it is, the better it will be for you to create a name that can be trusted.

Mind your listing template – Remember that you will be selling online where buyers do not have the luxury of touching and physically seeing the items that you are selling. For this matter, you must make it possible for them to understand the exact product you are selling them by providing every relevant detail about it. The more reassured your potential buyers are, the higher their chances of buying are, hence you should never leave anything out. Let your listing be made up of high quality pictures of every item you are selling, full description, including dimensions and features and any damage present, return policy, accepted payments and postage costs.

An Ebay Auction Businesses With A Twist

Who would ever have thought that eBay would become such a household name. eBay is not only the largest auction site, but also the largest marketplace in the world and their worldwide presence is unrivalled by any other website. eBay managed to built itself a reputation the world over as the place to come and find whatever you may be looking for. Regardless of what it is – somewhere in the world someone will sell it. Along with this reputation, eBay managed to do what ruined many of the early e-commerce sites, which was to build trust and confidence amongst their customers. On Ebay, people are willing to spend and the confidence they have in Ebay's payment and delivery system is reflected in their sales. With this in mind, starting an eBay auction business can be a highly lucrative venture for you.

One of the things that make eBay the success that they are, is that they offer virtually any person the opportunity to plug into their business. By opening your own eBay store you can get instant access to a huge client base – which is the very crux of doing business online.

Many entrepreneurs starting their own online businesses fail by not attracting enough customers to their website. Competition online can be fierce and website traffic has become a commodity. By starting your own eBay auction business you can eliminate this problem to a large extent. Starting your own eBay store is incredibly simple and inexpensive and you can just plug into Ebay's proven payment system without any difficulty or lengthy application and approval processes.

If this sounds too easy then hold your horses. Anybody who owns and runs a store can tell you the one simple truth: it's hard work! Running your own eBay store is no different and along with success can come a lot more 'hassle'. Dealing with customer issues, inventory and shipping orders can soon become a full time job. Although the profit potential is big, an eBay auction business is still hard work and many online entrepreneurs are trying to escape a full time job without sacrificing a full time income.

There is a slight twist on the theme though and out of the frustration of dealing with al the typical hassles that comes with owning a store, many entrepreneurs turned to affiliate marketing. Affiliate marketing became popular in the mid 90's and to this day it forms a huge part of online businesses and websites like Amazon rely almost entirely on affiliates. The fact that eBay offers a very generous affiliate commission on the sale of products opened up a new avenue for those who want to benefit from eBay without the usual hassles of running an online store.

By starting your own affiliate store you can start an eBay auction business without actually selling anything. By simply promoting certain products in your 'virtual storefront' you can direct customers to the most appropriate products and earn a commission for the sales that result from your referral. Although the profit margins are a lot smaller than if you were to run your own eBay store, the amount of work is a lot less. In fact, you can set your affiliate eBay store on autopilot and pretty much let it run itself while you keep earning commissions.

Residual income is a very powerful concept and one that the internet absolutely allows you to plug into. Most people today earn 'linier income' which means that they exchange time for money. Residual income on the other hand means that you do work once and it continues to work for you and earn money for you. This is the realm of the rich and with the internet it is within your reach.

The idea however, is to not be enslaved by a job you hate and to create the life you desire. Regardless of your preferences you can make money from home and with an eBay auction business anyone can do it. Whether you sell your own products or whether you sell other people products, eBay offers you the opportunity. It's all a matter of taking action and making it work for you.