Friday, October 21, 2011

Making Money Selling Online Using eBay

If you are looking to making money selling online, then eBay could be a great first start for you. Maybe you've already done a little research and perhaps found a hot niche that you think you'll be able to profit with.
Once you've done this, you can then start to analyze your market, come up with your own list of products that you'll be able to sell on eBay. Next you're probably thinking to yourself, 'Great, but where do I get the products I'm looking to sell'
It isn't as difficult as it sounds, once you know the products you want to sell.
Research suitable Wholesalers
A Wholesaler is usually the supplier of products for many retail businesses and each Wholesaler tend to supply specific products in their niche at wholesale prices.
Dealing directly with specific wholesalers, means you can find the products you want to sell, at a great low price, so that you can get a good profit when you resell your products on eBay.
You will more than likely need a store room and enough cash to invest in your stock, as Wholesalers only take bulk orders
Drop Shipping
Drop shipping is similar to a wholesaler but with an extra provision that could be more favourable for you.
Drop shippers allow eBay sellers to list any of their stock, without the additional expense of paying upfront for stock. Once a sale is made on eBay, you would then need to make payment to your drop shipper, and the drop shipper will package the item and ship to your customer on behalf of yourself.
This of course sounds perfect in an ideal world, but be warned, there are good and bad drop shippers, so make sure you do your checks on the drop shippers you want to deal with, check out testimonials and current customers of the drop shippers, before you even open an account, to save embarrassment for all, at a later stage.
Flea Markets And Car Boot Sales
If you like the thrill of finding bargains and unique objects, then why not attend your local flea markets or car boot sales.
Many of the items you'll find can't be found anywhere else and you can get some really great bargains, from which you could turn a handsome profit.
Of course, you'll need to check over the items very carefully for damage, as no-one will buy or want an item that has been damaged and you'll need to be extra careful with the packaging, especially if it's a fragile item that you are shipping.
Consignments
Another way to making money on the web is, taking on consignment deals.
Consignments are where you sell an item belonging to someone else, who maybe is not very tech savvy and you take a percentage of the final selling price, once it sells.
A great place to start is with friends and neighbours and ask them if they have anything they wish to sell or no longer require. Inform them that you can sell it for them. They'll more than likely be happy to get cash for their unwanted items, while you make a commission in the process for selling their item.
To take this to the next level, you could contact local businesses and offer your consignment service. Businesses usually have returned stock, used equipment, surplus stock, so picking up excess stock could turn both you and them a great profit.
Using eBay
The general rule of any business is to buy your stock cheaper than you sell it... That isn't rocket science, but a great place to buy goods cheaply is eBay itself.
There is a wholesale category, many items are sold in bulk which could be sold individually for profit. Sell Your Own Items To make money working from home, you probably have some items in your home that either look out of place, are outdated or you've fallen out of love with.
This is a great way to cut your teeth on eBay. If the items are in good condition then you should still be able to sell them on eBay and turn your items into cash. Have a root around in your basement, loft and garage and you could be surprised how many items you could find, to start selling.
This is the fastest and easiest way to find and get products to start your eBay business and getting some great experience.
Richard Jagger is an experienced online Internet Marketer with an in-depth knowledge of How To Make Money Online and creator of the #1 'Make Money Online Today' report Download Your Free Copy Here
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