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Starting an eBay
Home Business
Do I need to explain what eBay is?
If Yes, where have you been living for the past 5 years? On
Mars?
EBay is the worlds largest Internet auction site. There are
a reported 30,000,000 users, but that number has probably
increased in the time delay between me writing this article
and you reading it.
There is no doubt that eBay is a fantastic place to find
bargains. There really doesn't seem to be any limit to what
you can find and buy there. I've seen websites sold for 8
million and real estate going for $12,000,000.
That's some hefty stuff!
But did you know you can get a cut of that action? eBay has
created more home businesses than any other event in human
history, and to think, only a short while ago the Internet
as we know it didnt even exist.
To become an eBay seller all you need to do is register as a
seller and then put up your product for sale.
However, that is an over-simplified summary, here are a few
considerations you must ..err.. consider:
What products will I sell?
Where will I find my products?
How much will it cost me to sell each product (price of
product + eBay listing fees)?
Where in eBay will I list my products?
What will I say in my ad?
What starting bid should I choose?
How will I process payments?
How will I get the product to the buyer?
Lets look at each of these questions a little closer..
What products will I sell? Choose products that are in
abundant supply (because you can sell more and not waste
time searching for them) but not readily available in your
local Walmart (unless you can sell them a lot cheaper).
Where will I find my products?
Find a supplier that can provide the products you want at a
good price. Not as difficult as it sounds, read
http://www.007workfromhome.com/drop-shipping-course.htm to
learn more.
How much will it cost me to sell each product (price of
product + eBay listing fees)? When creating your ads
(eBay listings) you will notice there are different listing
options that have different fees. But you must be sure that
at the end of the day, you are left with a profit after
listing fees and product cost.
Where in eBay will I list my products? The only
way to know what will work best for your product is testing.
I tend to list my products in several different categories,
with different listing options to test which works best for
that product.
What will I say in my ad? Most importantly, use
keywords in your title that people looking for your product
will use when searching, combine keyword phrases where
possible. Always include photos and be very descriptive in
the content of your listing. If there is a problem with the
product, say so.
What starting bid should I choose? Some people
say the starting bid should be the zero point, that is, the
price at which you break even. That way you cant lose money
(unless no one bids). Other people say you should set the
starting bid low to stimulate bidding. Experience and
testing will provide the answer.
How will I process payments? Most payments are
processed by Paypal. Unless you have specific requirements,
just use Paypal until you get the hang of things.
How will I get the product to the buyer? If you
use a drop-shipper, they will send the product. If you stock
the product, go to the post office or use your preferred
shipping method and send ASAP.
Some additional points:
Always follow eBay rules or you'll just create problems for
yourself.
Always ask the winning bidder for POSITIVE feedback.
Always keep learning how to improve your eBay business.
I'm by no means an expert at eBay, having only recently
begun using it as an extra revenue source.
The 2 best resources I know of are:
http://www.auctionsecrets.com/ and
http://theautomaticmoneymachine.com/
..notice neither of those links are affiliate links. I'm
recommending them because they are good, not because Ill
make money.
In the next issue we will be taking a closer look at resell
rights and how you can sell someone else's product and still
collect 100% of the profit yes its possible and Ill show you
how.
Until next time, remember persistence pays off BIG TIME.
Your Friend
Murray Hughes
007 Work From Home
http://www.007 workfromhome.com/ebay-home-business.htm
About the Author
If you enjoyed this article and want to get started working
out of your very own house, then head over to
http://www.007workfromhome.com today and enroll in Murrays
zero cost Work.From.Home Email Course and also learn from
his many exclusively written lessons available at the
site. For AOL Users: Work At Home Business
Written By: Murray Hughes
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