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Posts Tagged ‘ebay business opportunity’

Where Can I Find Product to Sell on eBay?

Wednesday, April 14th, 2010

So you want to sell on eBay? You want to take advantage of the $60 billion dollar marketplace, grab your piece of the pie? That’s great, but where can you find product to sell?

That’s likely the most common question that comes up for new eBay sellers. You’ve gotta have something to sell. No products, no sales. No sales, no business, right?

This is where many people get stuck, but it doesn’t have to be complicated.

Once you have an idea in mind of what you want to sell on eBay, you need to realize that there are one or more manufacturers looking to sell those products. Let’s say it’s WidgetX.

Perhaps you can find WidgetX in online stores, retail stores, or catalogs. No matter where you can buy it today, you don’t want to start at the retail end of the supply chain. The higher up you are on the supply chain, the better prices you are going to get. If the top of the supply chain is the manufacturer, that is where the best prices are going to be.

That’s why you need to get in touch with the manufacturer, and then find their authorized wholesalers. One of the best ways to get in touch with the manufacturer (aside from calling them directly on the phone) is to go to a trade show. Trade shows are designed to get retailers and manufacturers together. Trade shows have been where business deals have been made for years, and for you and your eBay business, this is no exception.

What you will want to do first is find out which trade show is involved for your industry. Selling garden supplies? Look online for a gardening trade show in your area. Selling consumer electronics? Check out the Consumer Electronics Show.

Getting into a trade show is a bit trickier. Make sure you have your eBay business registered and the appropriate paperwork filled out with your government. You must be able to prove that you’re a real business. If you can’t prove you’re a real business at the door, they might not let you in.

However, once you’re inside, you have access to plenty of suppliers. All around you there will be new product ideas. Network with people, get contact information and plenty of business cards. In order to have an endless supply of products to sell on eBay, all you need to do is develop some good supplier relationships.

Jesse Holmes is an eBay PowerSeller and Entrepreneur who has been making money on eBay for more than 3 years. Before you start selling on eBay, don’t miss his excellent free eBay Business Start Up Kit, showing you step by step how to learn to sell on eBay.

Can You Make Money On eBay When Times Are Tough?

Wednesday, April 14th, 2010

Many people have been pronouncing doom and gloom for the worldwide economy in recent months. With unemployment numbers as low as they have been in years, people wonder if eBay and other online venues are struggling as well. Perhaps you wonder if you can create an online business from your home.

The answer is yes. Even when times don’t look good, there are opportunities everywhere. Some say that more wealth was created during the great depression than any other time in history. That doesn’t mean that it will be easy to create wealth… but there’s no excuse why you can’t.

People ask if eBay is still a good platform to sell on. eBay has come a long way in the past 10 years and its greatest strength has always been the millions of customers that are coming to eBay – with over 2 million people visiting every day!

Most people shop on eBay because they are looking for a great deal. When the economy is down, it seems more and more people are looking for bargains than ever before. Having such a large customer base allows people like you and me the opportunity for our products to be seen and purchased extremely quickly and easily.

Another great advantage to selling on eBay in tough economic times is how flexible the platform is. For example, if you had a brick and mortar retail store, you’d have to pay rent and many other overhead costs to stay in business. Not so with eBay. With eBay, your overhead is low and the majority of your fees only occur after you sell an item.

Also, you can change your inventory selection at any time, without having to change your marketing. You can sell t-shirts the one day and golf clubs the next without hassle. This flexibility allows you to move faster and take advantage of opportunities before others even know about them.

Also when selling on eBay, you can research what things are selling well, and know what the marketplace is doing before you enter it. This gives anyone the opportunity to know their profit margins before even purchasing inventory!

Jesse Holmes is an eBay PowerSeller who has been making money on eBay for more than 3 years. Before you start to sell on eBay, don’t miss his excellent free eBay Business Start Up Kit, showing you step by step how to learn to sell on eBay.

Selling on eBay – Customer Service

Sunday, April 11th, 2010

Dealing with customers is something you cannot avoid if you want to have a business. However, all of the training tools in the world cannot prepare you for the frustration of dealing with a problematic customer. Knowing how to sell on eBay is a lot more than just creating listings and shipping out items. Those who don’t take the time to learn how to deal with customers properly can get into some unwanted trouble pretty quickly.

You have to be able to keep a cool head no matter how the customer talks to you. To see if an eBay course is complete, see if they cover dealing with customer problems. One key thing is making sure you are professional at all times when dealing with problem customers.

Some people who are just learning how to sell on eBay may think that it does not matter, as they would not want that customer back anyways. When dealing with the problem situations in the correct manner, confusion may be cleared and the customer could in fact turn out to be a return customer that no longer gives you any problems. If the customer is truly a bad customer all around then they are probably a bad customer for all of the sellers that they complete transactions with.

If you don’t want current and future customers to look upon you poorly, make sure you are cool and collected when responding. Your eBay buyers will look at your feedback. They will see how you interact with other buyers. If you leave mean or hateful feedback replies, other customers will not want to do business with you. Even though it would make you feel good, it’s not a good business strategy in the end.

So what is someone who is just learning how to sell on eBay supposed to do when they get a bad customer? Try to repair the situation. If there is no indication that this is a cycle for this buyer then see if there is something that you can do to resolve the situation. You want to put the fire out without making too much of a big deal out of it. Of course, there are always going to be those situations where things simply cannot be fixed. Keep in mind that this is not the norm, and after thousands of eBay transactions, we’ve had hardly any problems, it’s just good to be prepared.

Jesse Holmes is an eBay PowerSeller who has been making money on eBay for more than 3 years. Before you start to sell on eBay, you need to check out his excellent free eBay Business Start Up Kit, showing you step by step how to learn to sell on eBay.

How To Sell On eBay – Getting Started

Sunday, April 11th, 2010

You have probably seen the advertisements on TV and on the Internet about people learning how to make money on eBay. Learning how to sell on eBay is not a get rich scheme. It requires hard work, but probably not as hard as you would have to work with a regular full time job. While you learn how to sell on eBay, don’t quit your day job immediately. This is because it is going to take a little bit of time before your eBay business is making enough money to support your household expenses.

Whether you are looking to make a couple hundred or a couple thousand each month it can be done. The more you put into it the more you will get in return. You could purchase books or courses that teach you the basics on how to make money on eBay or you could try to learn on your own. Every person is different and some learn better by hunting down all of the information on their own while others do better with programs that walk them through the steps. For me, I wasn’t able to get started on eBay until I had a mentor and a step-by step plan.

The first thing that you want to do when selling on eBay is to make sure that you are selecting the right kind of stuff to sell. This involves researching what products sell the best. However, if you’re making your first listings, just grab a few things around the house that you no longer want. These auctions will allow you to gain experience and build your customer service ratings.

Research what is selling the best by searching on eBay for the exact kind of product you have in mind. Are there a lot of people buying this type of product? Are there a million auctions for the same item with no one bidding on any of them? Or is it in high demand? By asking yourself these questions you will be able to have a better feel of what to sell. You will also be one step closer to knowing how to sell on eBay the smart way.

After you’ve found a product that you want to sell, make sure that you have an advantage over other sellers. If you’re selling the same product that 5 other people are selling, why would someone bid on yours? Often on eBay, it comes down to the price. Be smart in your pricing and your profit margins when you price your products. Be competitive but don’t be stupid.

It may take a few weeks or months before you get the hang of selling on eBay. With proper training, you can shorten that time significantly. Before you know it, you’ll be making money on eBay. You too will be another eBay success story.

Jesse Holmes is an eBay PowerSeller who has been making money on eBay for over 3 years. Before you start selling on eBay, make sure you check out his excellent free eBay Business Start Up Kit, showing you step by step how to learn to sell on eBay.

Hot Product Sourcing Strategies

Friday, April 9th, 2010

At this point in time, you should be mostly sold out of selling the odds and ends that were laying around your house. If you know how to use the completed item research tool, you will need to solely rely on it when going out and hunting for deals.

Now is the time to go to the mall, outlet malls and storefronts on an inventory hunt. The ideal situation at this point is to find inventory from a store that is having a clearance sale. Stores that are already discount orientated such as outlet malls, TJ Maxx, Ross, Marshalls and Nordstrom Rack are the perfect stores to visit when sales are taking place. Take a pen and paper and as you spot deals, write them down. Take quick snapshots if you have a camera phone. At this point, you are just seeing what’s out there. Already having a good idea of eBay Pulse will give you a good idea what to start looking for in the store.

Make a list of these deals you found when you get home. Do some completed item research on eBay with each item on your list. You will be able to see which items are selling and how much they are going for. After figuring out which items are going to make you some good profits (after listing fees), you can go back to the stores and pick them up.

If you can, buy multiples of those profitable items. Relisting an item to sell more than once saves you time and makes you more money.

Is this just a waste of time? We did this and bought a pair of jeans at Marshalls for $9 and turned them around for $100 on eBay.

It doesn’t take very long to see what you can sell on eBay for a profit after a few trips to the store. If you want to take some old clearance inventory off their hands, develop some relationships with the store managers. If the items still sell well on eBay, its worth your time, and usually they are more than happy to have you clear out their old stock.

Jesse Holmes is an eBay PowerSeller who has been making money on eBay for more than 3 years. Before you start selling on eBay, don’t miss his excellent free eBay Business Start Up Kit, showing you step by step how to learn to sell on eBay.

How To Sell On eBay – Finding Cheap Items To Turn A Profit

Friday, April 9th, 2010

You have probably searched through various eBay listings only to wonder just where everyone seems to get their merchandise. Some people are part time sellers who only sell things from around their house instead of having an old fashioned yard sale, but other people seem to sell stuff on eBay every day of the year. Where are they getting all of the stuff they are selling?

Apart from the stuff lying around the house and the garage, many eBay sellers go to yard sales and thrift stores to find items to sell. What they do is look for items that are cheap or marked down below their actual value. Thrift stores especially can be a great place to find brand new clothing with the tags still on.

Say for example an eBay seller finds a brand name shirt with a price tag of thirty dollars on it. They purchase the shirt for three dollars and they spend about two dollars on eBay for the listing fees for that particular auction. In the end, they only invested five dollars and that shirt could possibly sell for twenty dollars. The seller makes a profit and the buyer receives a brand new shirt at an amount that is cheaper then the price tag.

To sell stuff on eBay this way will take a little skill and time on the part of the seller. You of course will have to have an eye for the things that sell and the things that don’t. The best thing to do is to research, research, and then research some more. After enough research you will be able to find an incredible amount of stuff to sell. You might also want to consider hitting all of the yard sells in your area in order to sell stuff on eBay.

You’ve noticed that purchasing product to sell on eBay isn’t free. It can cost a bit of money to get started, just as it would be with any business. However, the investment is very much worth it.

Jesse Holmes is an eBay PowerSeller who has been making money on eBay for more than 3 years. Before you start selling on eBay, don’t miss his excellent free eBay Business Start Up Kit, showing you step by step how to learn to sell on eBay.

What Is eBay?

Thursday, April 8th, 2010

Maybe you’re wondering, what is eBay anyway? You might have some idea of what eBay is, but let me explain a bit more about it.

So what is eBay? Imagine a worldwide newspaper full of classified ads. This worldwide classified ad section has products and services for sale. Millions of people can see and put their ads in this newspaper. Now look at eBay like the newspaper. Of course, eBay charges sellers to put an ad on their website, but the exposure to the millions of worldwide buyers is worth it.

Also, anyone can put almost anything for sale on eBay. You’ve probably heard the ridiculous news stories of items that you’d never expect to sell. Like a grilled cheese sandwich with the (supposed) image of the Virgin Mary that sold for $28,000.

However, not every seller is “out to lunch.” With over 276 million users on eBay, there will be some oddballs, but the majority are average hard-working people just like you or I.

All of these users, whether buyers or sellers, are part of the eBay “community.” As an eBay user yourself, you deal with other users directly. Any buying or selling you do is between you and the other party. It happens one-on-one, just like it would in a marketplace in a town square. eBay is just the place where buyers and sellers meet, haggle over the price and then close the deal.

When you start selling on eBay you might start to get overwhelmed. After all, there are 3.6 million listings added every day. How will you get noticed? Don’t worry, it gets easier when you have the proper experience. In time, you can learn the tricks of the trade to get noticed and start making money on eBay.

One key point to remember is to find a mentor who has already been there. Ask them questions, find out if they can show you the ropes. Find a seller who has been selling on eBay for many months or years. Look at their feedback. Are their customers happy? Are they providing a good customer experience?

Also, you could look for an Education Specialist trained by eBay. These people have graduated from a course to be able to teach beginning sellers how to get started on eBay. They will be glad to help you.

It doesn’t matter whether you’re young or old. The great thing about eBay is that anyone can get started no matter who what their level of experience. You can get started even if you know nothing about computers or e-commerce. Everyone starts at the same place, with 0 feedback and no experience. You can learn how to sell on eBay. With time and experience, you’ll become a successful eBay seller.

Jesse Holmes is an eBay PowerSeller who has been making money on eBay for more than 3 years. Before you start to sell on eBay, you need to check out his excellent free eBay Business Start Up Kit, showing you step by step how to learn to sell on eBay.

Selling On eBay – How To Get Started and What You Need

Tuesday, April 6th, 2010

Many people just like you are starting to see why eBay is a great opportunity to make extra money. Some people might be selling on eBay to make a few extra dollars each month. Other sellers might have a specific goal to cover utilities or other household expenses. Others might want to buy a car. Others still are learning how to sell on eBay to cover all of their bills and living expenses. Does that sound impossible? Well thousands of people are doing it right now.

Before you start selling on eBay, you need to have some sort of goal. By having a goal, you will have the direction you need in order to make the best use of your time on eBay. Often people set a “goal” of “making extra money.” This isn’t really a goal however, because it isn’t specific enough. How much money are you thinking about making? When you know how much money you want to have you can begin to create a plan to get you there. A good business person always has a plan of action. Without a plan of action you are you are not going to reach your goal.

Aside from your plan, you will also need some important tools. Obviously, you’ll need a computer, but you’ll also need a printer, a digital camera, items to sell, a PayPal account, an eBay sellers account, a postal scale, and packaging materials. Most of these you could probably think of, but many new eBay sellers forget the importance of a postal scale

When learning how to sell on eBay you will quickly learn that buyers do not like paying more for shipping then it actually costs to ship an item to them. Also, it is against eBay policy to inflate the shipping costs and pocket the extra money. It is also unfair to you as the seller to undercharge for the shipping expenses and have to pay for a portion of the shipping costs out of your own pocket.

By placing the wrapped and securely packaged item on the scale, you will be able to see what the exact weight is. By getting this information you will be able to determine the exact cost to mail the item according to the pricing at the post office. Also make sure that you are taking additional shipping fees into consideration. These fees may include delivery confirmation and insurance for those items that are worth a good bit of money.

Some people who sell products on ebay will cover that cost out of their pocket for high-ticket items as sort of a “bonus” for the buyer. This is often considered to be good customer service. Whether you pay for the insurance coverage or you have the buyer cover it, you need to have it for high priced items. You can never be too safe.

Jesse Holmes is an eBay PowerSeller and Entrepreneur who has been making money on eBay for over 3 years. Before you start selling on eBay, you need to check out his excellent free eBay Business Start Up Kit, showing you step by step how to learn to sell on eBay.

How To Sell On eBay The Right Way

Tuesday, April 6th, 2010

Ordinary people just like you are jumping at the chance to start an eBay business. However this doesn’t mean that there’s too much competition on eBay. There will always be room for your listings.

Even with the thousands of eBay listings that are listed at any moment there is still a great deal of room for you to make money. It is all about supply and demand. There are always going to be people looking for certain items and there are always going to be impulse buyers.

When it comes to selling on eBay, there’s a lot to learn. Those looking to learn how to sell on eBay need to learn everything from the ground up. Things like listing items, interacting with customers, and how to ship ship out items need to be learned properly. But there is one key factor that will make or break a person when it comes to learning how to start an eBay business. That key factor is business dedication. Too many people fail at their dream of working from home because they miss this factor. Many people fail simply because they don’t have this discipline.

Often beginners will relax too much when it comes to running their business. While it’s okay to take some time off when your business is consistently growing, it’s not okay to take time off when you’re just getting started. If you’re just learning how to sell on eBay, you need to be working on your business as much as possible. You always need to be learning.

Until your eBay business is stable and running successfully you don’t have much time to spare. You need to learn everything there is to know about how to sell on eBay. You want to learn about the ways to save money in your business. Doing things such as reusing bubble wrap or shopping for shipping supplies in bulk will save you a lot of money. Also, make sure you keep track of your numbers. Have all your receipts so you’re prepared for tax time.

Consult with a tax professional when filing your income taxes after your first year of selling on eBay. They will be able to walk you through what tax deductions you can make and which ones you can’t. This will make a huge difference for you at tax time.

As you can see, learning how to selling eBay is not something that is done overnight. However if you are dedicated to it and you have proper training, you can be ready to go within a few weeks.

Jesse Holmes is an eBay PowerSeller who has been making money on eBay for over 3 years. Before you start to sell on eBay, you need to check out his excellent free eBay Business Start Up Kit, showing you step by step how to learn to sell on eBay.

Selling On eBay and Managing Your Seller Fees

Tuesday, April 6th, 2010

When it comes to learning how to sell on eBay, many people focus just on how to create auctions and ship packages. While those issues are extremely important to a person’s success on eBay, it is important to understand that there is a lot more to it that that. If you plan to sell things on eBay in mass amounts, you will quickly find that the fees involved really add up. This is something that you need to learn about and understand in order to be a successful eBay seller.

There are three different categories of fees: PayPal fees, eBay listing fees, and eBay final value fees. If you don’t use PayPal, then you can avoid PayPal fees. However, most buyers on eBay want to use PayPal to pay, so it’s unlikely you’ll be able to avoid using PayPal.

The eBay listing fees range in price based on the price of your item and the options you want to include. These listing fees could range from a few cents to twenty or thirty dollars. For example, if you want your auction to appear in bold or highlighted, that will cost extra.

The eBay Final Value Fee is a percentage that eBay charges as a commission when your item sells. It is based on the final sale price of your item. When eBay sellers are complaining about fees, it’s usually the Final Value Fees that they are complaining about. This is because these fees can add up to hundreds of dollars every month. However, if you look at these fees from the perspective of running a business, you’ll see that these fees are just a part of doing business. If you run a business correctly, you’ll turn those hundreds of dollars into thousands of dollars in profitsl

Yes, there are auction sites that have cheaper fees or that even allow their sellers to list auctions for free. The downfall is that those sites do not get as much exposure. eBay commercials and web advertisements are all over the place. Ebay does a lot to bring traffic to the site and it is not cheap to do that. The more people eBay gets to the site, the better chance you will have to sell things on eBay for a profitable amount of money.

As an eBay beginner learning to sell on eBay, it’s important that you are aware of what your seller fees will be. Instead of waiting until the end of the month and being surprised by a bill from eBay, keep track auction-by-auction or week-by-week. That way, you’ll never be caught off guard.

Jesse Holmes is an eBay PowerSeller who has been taking advantage of this eBay business opportunity for over 3 years. If you want in, don’t miss his excellent free eBay Business Start Up Kit, showing you step by step how to learn to sell on eBay.

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