by Jorge Olson

Home Business Review: Sell $20,000 per month on eBay

First of all let me tell you selling on eBay is easy, but it takes time or money. eBay has fees that you have to pay and if you want to grow quickly you will spend a lot on fees while you are learning.

My wife had an eBay business and she was a Gold Power Seller selling more than $20,000 per month. She sold mostly watches, lots and lots of watches. She sold them wholesale, by the dozen or by the case, 30 to 60 at a time. They were inexpensive watches; we paid from $2.50 to $4.00 for each one and sold them from $3.50 to $12.00 depending on the quantity purchased.

All of the techniques and suppliers we used are included in my eBook or in my exclusive newsletters you get as a free bonus when you buy my eBook.

When selling on eBay there are several tricks. Let me tell you the 3 tricks I think are the most important.

Trick #1: Build your reviews. Your reviews are your lifeline on eBay. You need to build your reviews so people trust you and want to do business with you. If they don’t trust you, you won’t sell anything on eBay. When you start you will have to offer good deals, free shipping or great communication. I always encouraged people to call me on the phone and ask questions by posting my phone in every listing. I didn’t get a lot of calls but I did get a lot of reviews.

Trick #2: Make big margins. You need those margins. You can’t buy something for $10 and sell it at $12, not even at $15. The listing fees alone will eat you. Remember, you have to pay a listing fee, you have to pay a fee if you sell the product and on top of that you pay PayPal when you collect the money. You could easily pay up to 10% or more of your selling price. This could be your entire profit. If you use any special listings to showcase your product you could be looking at $20 extra per listing category. So again, don’t try to make it on volume, try to make it on big margins. The best things to sell are either unique items or collectibles, name brand items that people are looking for like iPods, or hard to find items or imports.

Trick #3: Make more money on shipping. When my wife sold on eBay about 80% of our profit was made from shipping charges. We kept our product prices low so they attract the buyer and charged a bit more on shipping. People understood and they always got a great deal. For us it was a no brainer. eBay does not charge you any fees on your shipping charges, just on the selling prices.

The funny thing is we only sold wholesale on eBay. And it seemed we were the only ones really selling wholesale. Most people selling at “wholesale prices” were selling at about 3 times what we could get any of their items.

Many of our customers had eBay stores, others had convenience stores or gift stores, many of them had other businesses and wanted giveaways for their customers.

This is only a small example of what you can do with Wholesale Distribution. And believe me, it’s not the most profitable one or the easiest to start. In my eBook you will find cheaper, faster ways of getting started in wholesale distribution and make even more money than what I made on eBay. I made much more from my other wholesale distribution businesses than what I made on eBay and I worked less too.

Copyright © Jorge Olson 2006

Jorge Olson is a consultant, speaker and entrepreneur and owns several Wholesale Distribution companies. His latest Weebsite teaches you step by step how to get started and make money in Wholesale Distribution. You can find it at http://www.LearnWholesale.com


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Free Report: Make Money on eBay 99% Automatically!

Can you make money through eBay selling? Absolutely. You can use this auction giant to generate a serious part- or full-time income just by selling products on eBay. But even if you already have a business, eBay can help you make even more money.

Why? Well, eBay had around 78 million active users in 2006, generating over $52 MILLION in sales! So all you have to do is sign up for a free eBay account and list your items... and voila! You have instant access to a massive audience that's eager to BUY

Let's take a look at some of the many ways you can profit through eBay selling:

*Generate qualified leads for an existing business. A well-presented listing may result in only one winning bidder — but it will be seen by many more people than those who actually make a bid.

You can take advantage of this exposure by including a link to your website from eBay About Me page (NOT from within your auction listing!). Then in your auction listing include a link to your About Me page.

*Sell off your retail floor model items and returns for extra money. Continue selling your full-price items on your web site or in a retail location while clearing out items you need to discount on eBay.

*Sell in-demand items purchased at yard sales and thrift stores. Check out eBay's "Completed Listings" to see what's popular, then scour local second-hand sales. You can also check out wholesalers to see if you can get these items at low cost.

*Sell collectibles found at flea markets and estate sales. eBay originally started out as the place to buy collectibles... and these items are still very much in demand.

*Resell items for a profit. You can often buy items for less on auction sites that don't get as much traffic (like Yahoo Auctions or Amazon Auctions). Then you can resell the same items on eBay for a profit!

*Buy items offered in bulk on eBay and resell them individually. Single items sell at a higher price point than they would as part of a bulk package. So by listing these items individually, you can make a tidy profit.

*Tap into international markets. Just because there isn't a market for something in your local area doesn't mean that there isn't one anywhere. With eBay, you can span geographical boundaries, so try selling these types of items worldwide.

*Make a quick buck selling "fad" items. Take advantage of passing trends. We've all heard those stories about people going nuts and bidding thousands of dollars on items like Beanie Babies. If you do spot a trend, you'll have to be speedy if you want to take advantage of it, though. These trends tend to go as fast as they arrived!

As you can see, there are a ton of ways you can make money selling products on eBay. For more hot eBay selling tips, check out AuctionTips.


AuctionTips was founded in 1996 by Internet marketing expert Corey Rudl, The Internet Marketing Center focuses on researching, developing, and testing cost-effective e-business marketing strategies and eBay selling and making money on eBay.


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Free Report: Make Money on eBay 99% Automatically!

If you want to make money on eBay, you need to drive as many visitors as you can to your auction listings — and turn them into buyers! Here are some advanced tips to help you maximize your eBay sales:

*Be a buyer as well as a seller. This will introduce you to other eBay sellers and encourage them to check out your "About Me" page to find out more about you. Not only that, but you can learn a lot from other sellers — what they're doing right that you can adopt and what mistakes to avoid.

*Set up different eBay identities for each category of item you sell. Let's say you sell two totally different types of items: discounted trendy clothing and household tools. You might name one selling ID "trenz4less" and the other "handymanspecials." You'll be taken more seriously if you can build a reputation as the "go-to" person for a particular kind of product.

*Send automated email messages in response to questions about your auction items. This lets potential customers know that you received their email and that you will respond to them personally at your earliest convenience. It's also the perfect opportunity to provide more information about your business — like your shipping policies, for example. You can even include a link to your other auctions.

*Promote backend products to your mailing list. Send email to your opt-in list featuring more of your items. A person who has bought one thing from you is FAR more likely to buy something else if it's related to their initial purchase.

Just make sure you do NOT market to your customers unless they have explicitly opted in — it's against eBay policy!

*Turn your buyers into customers for life. When it comes to running a business, there is NO greater asset than a loyal customer! Not only are they more likely to come back to you and buy more of your products, they'll also tell their family and friends about you and spread the word about your site!

Make sure you send them emails thanking them for making a purchase after they've bought something from you. Do everything you can to make sure your customers are completely satisfied.

These are just some of the ways you can ramp up your auction sales to make money on eBay. For more auction tips, from novice to advanced, check out http://qwikurl.com/visit/auctiontips


AuctionTips was founded in 1996 by Internet marketing expert Corey Rudl, The Internet Marketing Center focuses on researching, developing, and testing cost-effective e-business marketing strategies and eBay selling and making money on eBay.


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Free Report: Make Money on eBay 99% Automatically!