Want to know how to open a business on eBay? Do you think you can find stuff to sell in an eBay home business
opportunity? Yes, others are doing it. You too, can make money in a legitimate home based business with online auctions.
These free eBay training videos will show you how.
There are, as with any business, pros and cons to an eBay business:
Pros
It’s quick and easy. Launching a website takes time and money. With eBay, you could be starting an eBay business web
site in a matter of minutes.
It’s cost-effective. At only $16 a month, it’s highly affordable. And many of the marketing and optimization tools you would pay for with
a stand-alone site are included for free with your eBay store.
Results can come quickly. You can spend months optimizing and advertising a traditional website before seeing results. An eBay store, can
send you built-in traffic from the moment you go live. With some 212 million registered users, eBay stores give you the ability to reach
a much larger audience. And because eBay’s site is already optimized, eBay stores tend to rank higher with the major search engines than
independent websites.
Cons
A seller of services may not see an eBay as an appropriate services vehicle. Easy start up and low cost make this a no brainer. Services
can easily be packaged and sold in an eBay store, and you can quickly gain significant exposure for your business.
Traditional brick and mortar businesses may also be hesitant. If you have a physical storefront, eBay stores present a great opportunity
for you, not only to find buyers for merchandise that doesn’t sell well in your brick and mortar store, but also to expand your
business to a much wider audience.
Existing online business: An eBay store is a great way to market and expand your current website. By utilizing eBay’s marketing tools,
you could have nothing in your eBay store and just have your business marketed to the entire world on a shoestring budget—no other place on
the internet gives you that kind of opportunity.
The bottom line is an eBay Store offers an easy learning environment to begin in online retail. It's also an effective
means of expansion as your business grows. Site Sell can help you establish a website independent of and as a
complement to your eBaystore. eBay Stores can complement an existing business, or can become your full-time income.
Sources for Low Cost Products to Sell on eBay:
1.Garage sales
No doubt you've seen ads and fliers for these and ignored them. Start going to as many as you can. You won't find good things at every one, but
when you find one person with good stuff, make them an offer for the lot - they'll be so happy about it that you can get a real bargain.
2. Flea Markets
If your area has a market, then go there and look around for anything good. You could buy it there if it's cheap enough, or try to make friends
with the market traders and find out who their suppliers are.
3. Pawn shops
Pawn shops don't usually know what to do with the junk they accumulate (unless it's jewellery, of course). Generally, they put their stock out on
the shelves haphazardly, hoping that someday someone with a little money will just happen to come in, search around and buy wildly obscure
things. Get them to offer you a discount for bulk.
4. Auctions
Go to a real auction, as the chances are that you can resell things for more than they will sell them. After all, they only have a few hundred
people in that room - you have a few million to sell to!
5. Local Newspapers
Place an ad in the local paper that reads "I pay cash for [your item type]", with your phone number. If you can afford it, make it a big display
ad, so it'll be noticed.
6. Ad boards
Get one of those little ads in the grocery store.
7. Friends
Ask your friends if they have anything they'd like to sell you, and ask them to spread the word to their friends.
8. Become known
Give out business cards, mention to people what you do. The chances are that you'll come across someone who'll say "Oh, really? I've got a load
of [item] I don't want".
9. Shops
This might be a surprise, but some shops even sell things more cheaply than they sell on eBay. Take a look around your local deep discounter, and
pay special attention to any shop that takes trade-ins from customers. The chances are they take a loss on trade-ins as a promotion, and are
dying to get rid of that stock.
10. World Wide Brands
is the single best solution to the drop shipping problem. Their drop ship solution actually puts you in
contact with manufacturers instead of using a drop ship middleman. They have the added advantage of being the only drop ship source that is an
Official eBay Solutions Provider."
11. And finally: eBay!
When you're looking at the completed items view, you'll notice the massive range of prices that items can sell for on eBay. Try taking the
highest-priced item and searching for it on its own, then sort by lowest price first: I can almost guarantee that you'll see an auction for the
same item where it sold for almost nothing. The trick is to find these flawed auctions before they close, win them using a bid sniping service,
and then turn around and resell the item.
The eBay Phenomenon is over ten years old. It's been well documented. Those writing about eBay include: former employees,
admirers, and critics. But for the purposes of online marketing, perhaps the most useful information comes from those eBayers who have done
it.
Skip McGrath has done it. Here are his eBay credentails.
eBay Power Seller since 1999
Contributing editor to eBay Radio
Only information seller allowed to exhibit at eBay Live
His books are used in community college adult education classes
Publishes the oldest and largest newsletter for professional eBay sellers
nvited to teach eBay consignment selling by eBay
Author of seven books about eBay and web marketing
This author is not only a writer of books but is still actively selling on eBay. He speaks like somebody who knows his business:
"Seven years ago after losing my job for the second time in my life, I decided to
quit playing the J.O.B. lottery and go into business for myself. My wife took a deep breath and said: "Well there isn't much security in that,
but I'm willing to try it for a while." We had just started learning how to sell on eBay so that is where we focused our efforts. We haven't
looked back since.
We are very active in the eBay community and exhibit at eBay Live every year where I have participated in eBay sponsored forums
and panel discussions. Everything I write about in my courses comes from experience. I use the same tools and
techniques I teach about every day. And best of all --I love to teach. I am doing something I love --helping others make money and
find psychic and financial freedom. We not only make a great deal of money on eBay --it's a lot of fun !!!
eBay offers the lowest barrier of entry to making money on
the internet. Anyone can learn to build a professional eBay business. Working part-time you can earn extra income for yourself or your
family. Work full-time and you can build your business into a complete web-based enterprise with an above-average annual
income."
