Sunday, August 20, 2017

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eBay

An overall guide to getting started on eBay with some tips on doing proper research before you start selling anything. The original auction, or auctions as there are a variety of auctions depending upon how long you want yours to run, still run but have now expanded to include Buy It Now whereby you can list dozens of the same item and give the customer the opportunity of making sure they get what they want by buying it now instead of risking the outcome of an auction. Buy It Now prices tend to be higher than auction prices but it is a good idea to use a mix of approaches if you are a seller. Millions of people visit eBay every day so it is worth clinging to the coat tails of one of the biggest market places on the internet. Many people have given up their jobs because they now have successful eBay businesses so it is something that any internet entrepreneur needs to know about. Sign up now, clear the attic and make some money!

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eBay was founded in 1995 and quickly became popular worldwide. Now a multimillion dollar business I am writing about it here as it is a good way to make money online to invest in your online business. As you probably know you can sell almost anything that isn’t strictly prohibited by eBay’s own rules on eBay. Clear the attic, shift all your unwanted stuff and make some money.

The original auction, or auctions as there are a variety of auctions depending upon how long you want yours to run, still run but have now expanded to include Buy It Now whereby you can list dozens of the same item and give the customer the opportunity of making sure they get what they want by buying it now instead of risking the outcome of an auction. Buy It Now prices tend to be higher than auction prices but it is a good idea to use a mix of approaches if you are a seller.

Millions of people visit eBay every day so it is worth clinging to the coat tails of one of the biggest market places on the internet. Many people have given up their jobs because they now have successful eBay businesses so it is something that any internet entrepreneur needs to know about. Even if you only use eBay as one of your internet streams it is something you should consider using.

eBay now operates in dozens of countries and you can place your goods anywhere you think they will sell. Obviously if you are operating a furniture business you will stick to the country in which you are based as the transportation costs will be otherwise prohibitive. On the other hand if you are running a jewellery business or a watch business then your market is worldwide.

Most people start by asking “What can I sell?” Just as I tell you in my free Resource Report Seven Steps to Stacks of Cash this is the wrong question to ask. You must start by finding out what people are actually buying.

I picked a category at random. I thought what could raise quite a bit of income but would be easy to ship. I decided on men’s watches.

Pick something you might be interested in and try this out.

First of all go to eBay.com and type in the search box men’s watches. Then click the search button. I was then informed that 314,270 watches were for sale. BUT you don’t yet know how many were actually sold.

Next to the Search box is the word Advanced. Click this and you will then be given a range of options. I first tried ticking the box Completed Listings but it threw up so many that I had to refine it. What I noticed at this stage, however, was that the more expensive watches were the ones that were selling so I refined the Advanced search and typed in that I only wanted results of watches that had sold between $100 and $999. The numbers thrown up here were 50,469 which would seem to indicate that there is more of a market for more expensive watches on eBay then cheap ones. BUT you still need to do more research here because you find that the total does not mean 50,469 sold but that that was what was available to sell and you need to plough through the results to see if there is one brand in particular that outsells all others.

Now all this takes time but it is absolutely essential if you want to find something that sells before you decide to sell it.

I came to the conclusion that perhaps men’s watches were NOT a good thing to start with as it seemed to me that you would need deep pockets to get the watches at a reasonable price to be able to compete with all the others in the same market. I would advise you to start with something much cheaper in cost and gradually build up your expertise until you could plough back your profits into more lucrative markets.

Many people do make a good living out of eBay and go on to make a considerable amount of money online. But they do know what they are doing and you need to find out what to do to make money before you buy anything and in the case of eBay it means spending time doing your research. After all the name of the game is to make money online not to spend it. So take care.
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Ian Heslop

Money will come to you when you are doing the right thing.