Monday, June 1, 2009

How to Buy and Sell on Ebay for Maximum Profit

money for me from working yippeeLot's of people use eBay to make money on the side. It is a great place to shop and earn a living. I always marvel at the fact that eBay was started from a kitchen table.

It just goes to show you that anything is possible and as long as you believe in yourself you can succeed. The trick is never to give up.

Having run an offline and online eBay store I know a few tricks but today I am just going to cover a few of the basics.

Let's go:

Buying and selling online is time consuming and tedious. More and more people are moving away from it and this is making a great marketplace for young and retired folks to sell online. Who knows it could be a Godsend for you.. Many new Ebay sellers make one of two mistakes: either they overprice items to an unsellable extreme; or they lose money on every transaction by setting low starting prices with no restrictions.

Here are some ways to research and items and ways to sell on ebay:

1 - Garage Sales

2 - Storage Units

3 - Household Items

4 - Government Auctions

5 - Consignment

6 - Ebay

7 - Retail Inventory

8 - Flea Markets/Swap Meets

9 - Church Bazaars

10 Fairs and festivals

11 - Drop Ship

And finally, "Where do I find products to sell on eBay?" Here are some ideas to get you started.

Look at Home

When you first get started, it can be a little unnerving. The best option is to start by looking around the house, whgat have you got that other's might want. Alwqays, always remember that one man's garbage is another man's treasure. Clean up the attic for goodness sake.

Collectibles

Big sellers on eBay are collectibles such as coins. Anything that will move up in value would fall in this category.

Consumables

This popular category would include anything that people use and then would need to buy again such as lotions, perfumes, camera film, candles, etc.

Information Products

In this category, you would sell anything that can be sent on a CD or floppy disc or downloaded from the Internet. This is another popular category.

One major tip here after you start. When taking picture's of your items and this is soooo important. Take the picture and crop it and backlight it etc BEFORE you log onto your account. We had an employee messing around with a photo for an item and he kept re-doing it the whole time he was logged into the company account. eBay charges per uploaded picture. I won't tell you how much that foolish mistake cost me.

He was a nice guy...I wonder where he works now.

Go do some research. eBay is not dead for those who are not lazy. :)

Tomorrow we cover finding photo's for re-use on line.