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Make a
Second Income Selling Products On eBay
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INSPIRING QUOTE
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The vision must be followed by the venture. It is not
enough to
stare up the steps - we must step up the stairs.
--Vance Havne
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CONTENTS IN THIS ISSUE
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1. Why Sell Products on eBay
2. What Sells Well On eBay
3. How to Get Started
4. Recommended Resources
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== 1. Why Sell Products on eBay ==
According to eBay's Company Overview Page...
http://pages.ebay.com/community/aboutebay/overview/index.html
eBay is The World's Online MarketplaceTM for
the sale of goods
and services by a diverse community of individuals and
businesses.
Today, the eBay community includes tens of millions of
registered
members from around the world. People spend more time on
eBay than
any other online site, making it the most popular shopping
destination on the Internet. Furthermore, on any given
day, there
are more than 16 million items listed on eBay across
27,000
categories. In 2002, eBay members transacted $14.87
billion in
annualized gross merchandise sales (GMS, the value of
goods sold
on eBay).
eBay also has a global presence with local sites that
serve
Australia, Austria, Belgium, Canada, France, Germany,
Ireland,
Italy, Korea, the Netherlands, New Zealand, Singapore,
Spain,
Sweden, Switzerland, Taiwan and the United Kingdom. In
addition,
eBay has a presence in Latin America and China through its
investments in MercadoLibre.com and EachNet, respectively.
With such a global presence there are plenty of
opportunities for
our foreign subscribers. A good example is buying
wholesale
direct from your country then cross-selling to another
country
through eBay. I've bought soccer jerseys and other
clothing items
from Malaysia and Indonesia, for example, where Nike
factories are
located and where the seller can acquire the material the
cheapest
and make the most profit while I got the best deal
possible!
== 2. What Sells Well On eBay ==
From my experience you can make a good profit off of eBay
if you:
1. Buy products very cheap giving you the ability to
resell them
for profit on eBay. Don't forget to check out our
wholesaling,
government auction, and garage sale articles for more
information on this.
2. If you don't have the money to buy products then
consider
dropshipping. You can make good money by selling items
above
wholesale price and then having the dropshipper ship the
product to your customer with your shipping label on the
package making it seem like it came directly from you. You
won't make as much money with this method compared to
other
methods but it is a good alternative as it is a 'no money
down' method. Our 'Selling Products You Don't Own Article'
covers this in detail and our 'Profit By Buying in Volume'
article gives you a list of wholesale and dropship
suppliers.
3. Sell products that you either create on your own, or
products
that have an unlimited distribution such as software with
resell rights. Selling information products with resell
rights
is a good way to build up your eBay rating since it
doesn't
matter how cheap you sell them since you are interested
only in
building up your rating, and since you don't need to ship
them,
etc.
4. Sell antiques or unique items. Remember the magazine
covers
that we wrote about in our 'Garage Sale Riches' article?
Try
typing in 'magazine cover' into the eBay search box and
you'll
be surprised by how many covers sell for more then $9.95 a
piece we even gave you an example that sold for $39.95!
You can
find old magazines and other goodies from garage
sales quite
cheap!
-- Do Some Research --
You can find a niche market on eBay simply by doing
research on
eBay. Find a category on eBay that interests you and then
skim
through all the items until you find a particular product
that
interests you. Monitor the seller and see if they sell the
product in mass this will let you know that they probably
have a
supplier they get the product from. Also, monitor if they
are
making good money off of the product by watching how well
their
product sells. Make sure to check how intersted ebay
buyers are
with the product. Is the buyer selling the majority of the
product
they put up for auction?
If you are interested in the product try contacting the
seller
and asking them to mentor you stating that you admire
their success.
An alternative strategy is to visit eBay's group section,
by
clicking the people button on eBay's header menu, and
looking for a
group near you.
You can also consider
checking out eBay's hot sellers page to find out what's
selling well on eBay! If these items are selling well for
other sellers then they will undoubtedly sell well for
you.
http://listings.ebay.com/oun/hot/index.html
== 3. How to Get Started ==
1.) Read over our articles and develop a plan for
acquiring
products to sell.
2.) Do research on eBay to see how the products that
interest you
are selling. Don't be discouraged if a product you are
interested doesn't seem to be selling well you can still
stand
out to buyers if you can acquire the product cheap enough
and
can undersell all other sellers.
3.) Sign up for an eBay account if you don't have one
already.
4.) Sign up for a FREE merchant account preferably PayPal
since
they are owned by eBay. You will need them for online
transactions
Click Here: http://digipreneur.com/cgi-bin/adtracker.cgi?126
5.) Begin listing your products and sitback and make a
nice profit. Our
next article will concentrate on selling strategies.
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Copyright 2003 OD Ntuk, All Rights Reserved Worldwide
OD Ntuk
Publisher, Money Mind News
http://Money-Mind-News.com
ABOUT THE AUTHOR: OD Ntuk is a multi-faceted entrepreneur
with experience in a wide array of entrepreneurial
ventures. He brings his knowledge and experience to the
table with his unique laid-back and easy to understand
writing style. Whatever you may be interested in expect to find
it in Money Mind News as he writes articles ranging from
home business to marketing
and promo, inspiration and motivation to network marketing, and
self publishing.
Send a blank email to mailto:moneymind @ money-mind-news.com, or visit
http://Money-Mind-News.com to be subscribed.
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