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William Your questions about how to make money selling on ebay

William asks…

can anyone tell me how to make money selling on ebay? What I mean is how do you go about getting on and sellin

My husban and I have a lot of things around the house that we would like to get rid of. We think that we can make money selling it on the internet what do you think and how dose one go about doing it? Can anyone help us?

me125x125 cropped Your questions about how to make money selling on ebay

Neil Walker answers:

Your first stop should be eBay’s Guide to Seller Services http://pages.ebay.com/help/sell/services.html

eBay’s Seller Central has all the resources you need to learn about the basics of selling on eBay http://pages.ebay.com/sellercentral/index.html

The key to a successful eBay selling is simple — Sell products that people actually want.

Selling on eBay is not as easy as some portray. In fact, go to eBay and check out the number of auctions that end without a single bid. Competition is getting tough, as more sellers go to eBay; even the big boys are joining in the eBay marketplace. Add to that the increasing listing and final value fees.

Buying from garage sales and selling on eBay is fun, and good getting a few dollars here and there from ebay. Sometimes, you luck out on an item and hit big, but many times it will just be so-so (assuming you can even get the price you paid for it). In terms of fun factor, it is great. But from a business stand-point, it is not. Not sustainable.

If you want to earn serious money from eBay, you need to have a well-thought out business model. Selling on ebay is getting tougher — just look at the number of auctions that closes without a bid. Go to the boards on ebay and you will hear even oldtimers complaining about how stiffer competition plus higher fees make it so much harder to sell on ebay.

One success model of ebay is the couple Jay and Marie Senese (username jayandmarie) of the 1-cent CD fame. They have the highest positive feedback number of all sellers on eBay. Their business model is to buy very low cost CDs in bulk (those that CD stores sell in their discount bins) and offer them on ebay at a starting price of 1 cent http://www.businessweek.com/magazine/content/04_23/b3886080.htm Their success is based on the fact that they stumbled on a sustainable business model with products that people really want. They sold their business — where else but on ebay — for $5 million! Now that is success.

eBay has several ways for you to determine exactly what the hot items to sell on their marketplace:

Items In Demand = the most popular items currently within that particular category. To see the In Demand page, go to http://pages.ebay.com/sellercentral/sellbycategory.html

Hot Items by Category Report = a monthly report that lists the fastest growing categories on eBay for the previous month. Go to http://pages.ebay.com/sellercentral/whatshot.html and select “Hot Items by Category” from the menu on the left.

eBay Pulse = “a daily snapshot of current trends, hot picks, and cool stuff on eBay”. Go to http://pulse.ebay.com/ to see eBay Pulse in action.

Merchandising Calendar = eBay promotes specific categories on its home page each month. Savvy eBayers know that this home page exposure results in more interest in such categories. Go to http://pages.ebay.com/sellercentral/calendar.html to view the current Merchandising Calendar.

Other non-eBay sites that teaches how to sell on eBay successfully are:

How To Be a Successful eBay Seller http://sbinfocanada.about.com/cs/onlinebusiness/a/ebaysellingtips.htm
Resources for Professional Ebay Sellers http://www.skipmcgrath.com/

George Your questions about how to make money selling on ebay

George asks…

With Shipping Charges So High, How Do You Make Money Selling On Ebay?

Seems like with ebay‘s fees on top of shipping, it’s hard to get a good deal (isn’t that what ebay was about? Sort of?)
and even harder to make anything selling stuff.
Is there some way to do it I just don’t know about?

me125x125 cropped Your questions about how to make money selling on ebay

Neil Walker answers:

Since the buyer usually pays the shipping, the seller is not impacted by the shipping costs. Buyers wouldn’t really buy if the all in costs were higher than what you could get down the street. Its also a way to get stuff that you can not find locally. People are really successful selling stuff, but you have to own it at the right peice since ebay is an active price discovery system tb.

Thomas Your questions about how to make money selling on ebay

Thomas asks…

How do people make money selling stuff on ebay so cheap, Where do they get thier inventory cheaper than ebay?

Im trying to open an ebay store as a side job, but everything i find to sell is already so cheap that i cant make even a dollars profit on anything. Is it because people buy in bulk or have deals with the manufacturers or what? how is anyone makeing money on ebay?

me125x125 cropped Your questions about how to make money selling on ebay

Neil Walker answers:

While many ebay sellers simply buy lots from ebay to resell or from estate sales, others have manufacturers and suppliers that gives them very low prices and they can afford to mark up their prices pretty well.

For the last four years, I’ve been selling pearls on ebay, among other things. For my pearl products, I source them from the Philippines and I have suppliers. I can get freshwater pearls 6 mm size for only 20 pesos – that’s like $0.40. I start bidding at $20, sometimes less — my base price alone gives me a huge profit margin. Same with Akoya and South Sea pearls – high quality pearls that I sell starting at $199, I only pay a fraction of its price including shipping.

Or batik wall hangings from Indonesia or Thailand that I can get from my suppliers for only $0.50 or less and resell for $9.99.

So I don’t rely on deals that you can see on estate auctions once in a while as I have a steady supply of cheap products that I can resell.

Sharon Your questions about how to make money selling on ebay

Sharon asks…

Given the cost of an Ebay ad, how do people make money selling things?

It seems hard to make money selling items on Ebay when the ad is expensive in itself.

me125x125 cropped Your questions about how to make money selling on ebay

Neil Walker answers:

I pay a bit more than the 35 cent insertion fee, like the gallery picture and supersized pitcures, but it’s usually less than $2.00 to list things. I agree with the person that said you have to know how to list things- put some general terms in the title along with the exact item you’re selling, so that people searching for “fine china” will also find your “Rosenthal Ivory Soup Bowl”

Lisa Your questions about how to make money selling on ebay

Lisa asks…

how to make money selling on ebay?

Hi, I would like to know how to make money selling stuff on ebay? Does anyone here know or ever tried selling on ebay? What are the first thing I should know to start selling on ebay? thanks

me125x125 cropped Your questions about how to make money selling on ebay

Neil Walker answers:

try searching for ebooks, guides or tips about selling stuff on ebay. You can really get expert advice.

Here’s a site that has some really good ebooks and guides for ebay beginners.

http://ways2makemoney.awardspace.com

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Ebay auctions and wholesale jewelry are a winning team. Ebay is a a fantastic place to find almost any item that you can imagine. Jewelry wholesale auctions are quite common on eBay, and in many cases, you cannot beat the prices that are offered here. Prepare yourself beforehand to avoid being scammed.

Start by reading all of the details about the jewelry wholesale auctions that you are interested in purchasing. If you still have questions, send those questions to the seller through eBay’s website. Make sure that you keep all of your contact with the seller through the website so that there is proof.

Check out the person or company that is offering the jewelry wholesale. Look at their ratings and their feedback. Has there been any negative feedback? If so, you may want to reconsider your options and look into other auctions. If the feedback is all positive, and the seller’s rating is high, doing business with them should not be a problem.

Make sure that you are clear about shipment fees and the shipment times, as well as the payment options offered. Usually, the buyer is responsible for the shipment costs, and this is added to the total and paid before the item ships. In the case of expensive ticket items, insurance may be required on the item as well. The seller seldom pays for the shipping costs. I recommend insurance.

If the jewelry wholesale is a high ticket item, such as jewelry that is bought in bulk or rare pieces of expensive jewelry, you should strongly consider using the escrow service that is recommended by eBay. If the seller recommends any escrow service other than the one that eBay recommends, you might not want to do business with this seller – it could be a scam.

Beware of sniper’s on eBay! Sniping is against the rules at eBay, but a large group of people do it anyway. Sniping is automatic bidding, which is not against the rules, but the software or service is instructed to place the highest bid in the last possible minute of the auction. This leaves no time for anyone else to place a higher bid.

Instead of sniping, place your first bid at the maximum amount that you are willing to pay for the jewelry wholesale lot. Each time the bid is raised, your bid will automatically be raised until your limit is reached. This is not sniping, and it is a perfectly legal way to bid on auctions at eBay. This way you still have a chance to win the auction at a price you decide beforehand.

Want to find out more about buying wholesale jewelry, then visit Jacques Lemierre’s site on how to choose the best wholesale jewelry products for your needs.

 

Drop shipping is an exclusive way of selling goods to customers. The whole procedure functions like this: The customer goes to the eBay seller to purchase a particular product, and places an order. The retailer however does not have the product with him, but he can advertise it on his website, or eBay store. So after getting the order, the reseller places that order at the wholesaler`s database, and the customer receives the product directly from the wholesaler – such as Worldwide Brands, which is a wholesale dropshipper. In this way the reseller earns profit, which is equal to the amount difference between the wholesale and the retail price, and the only thing he needs to do, is promote his store, and take care of the communication with the customer. This is an exciting way of doing business!

Maintaining the stock is avoided by most of the resellers because of the costs involved. By working with Worldwide Brands, the reseller is given an opportunity to deal with different products at the same time. The customer is also benefited from this, because he saves a lot of time. The reseller sends the goods directly to the customer via the wholesaler.

The customer also saves money because costs of shipping are reduced – this is because you do not ship the item to your house, and then ship once again to the customer – but the item is shipped directly. Usually there`s an agreement made between the reseller and the wholesaler. This decides the pricing of different products, policies of returns and refunds, delivery service given by the wholesaler, and many other things.

Before starting to work with a wholesale source, you also need to know whether they have an international delivery option available, because if not, this would narrow your geographical market. Also, you should avoid wholesalers that are charging monthly or yearly subscription fees. The only fee – startup, or joining, fee can be asked by the wholesale directory.

This type of business is ideal for those who are in the internet business, or who own a store. Registration of the company needs to be done by the reseller, and tax documentation work that is necessary, should also be done.

Finally, wholesale dropshippers who are legal, would never charge additional fees to dropship the package to your customer, whereas the fake ones would do so. The reason is that dropshippers who are fake, are middleman, they reduce your profits. Your products should be dropshipped quickly in order to run a smooth and profitable internet business. This is the reason why eBay power sellers make huge profits as they are accessible for all wholesale items required at any given time. And this is possible for every one – just make some research before signing up anything.

Knowing this, it is not hard to see why Worldwide Brands has become a trusted name in the wholesale drop shipping business right now.

 

Reselling on eBay looks like a very attractive income opportunity for many people who want to work on their own, and have no boss and no working hours. However, all seems simple just from the first sight. In order to succeed, you will need to do a very good research first, decide on your niche that you want to work in, and find the best worldwide brands products to promote.

First, before even starting anything, you need to think about the niche that you want to be in. Simply because you can`t sell baby strollers, digital camera`s and ski equipment all at the same time. You can do that later on of course, when you are going to expand your business. But to start, it is best to go with just one niche, and the narrower it is, the better for you.

Of course, you might think like “why don`t I just sell Nintendo, Prada, Canon and other hot products?”, but you are wrong. See, hot products are also very competitive ones. And eBay resellers who work selling them, they are not new in the business, and they know how to beat the competition.

Furthermore, most of the times eBay power sellers have better prices for their items, and of course, they get them cheaper than anyone else. Why? Because they sell so much! Which product maker would not give a huge discount to a reseller who is making thousands of sales every week?

So, don`t go where the big guys play, start in your own narrow niche. If you are familiar with baby items, a narrow niche can be baby beds, baby strollers, or a specific brand of baby beds or strollers.

There are many tiny niches available where you can actually make lots of money – like pets, gardening, collectibles – these are the niches where the big guys do not enter because they seem too small for them. But these are the niches that new sellers can make huge profits in.

Right after choosing your niche, you will need to actually get those products you are going to sell. Or, a much better option would be working with a wholesale drop shipping company such as Worldwide Brands – this way you do not need to stock any inventory in your home or garage – they take care of the packaging and delivery of the goods to the buyer.

Even better – at Worldwide Brands, you get all the tools and education needed, to successfully run your business. Most of the successful eBay sellers are working with Worldwide Brands, and it`s obvious why – because this is the only wholesale source, certified by eBay itself!

Worldwide Brands is the best choice – you`ll have lowest prices, and over 10,000 products to choose from, to resell on eBay.

 

If you are one of the people who want to get started selling on eBay and making a business out of it, the first question that comes to your head is exactly where to get that huge variety of products to resell on eBay. Or exactly where do eBay sellers locate inventory. I will tel you in just a minute why Worldwide Brands is the way to go. But first, I would like to ask you a question. What product would you like to sell on eBay: would it be something profitable, or something that has a high demand, and really a hot product?

Now I know you’re likely to answer that you want both. And this is exactly where it is going to be an issue with that. So let me explain. The most popular goods are video games, Nintendo, Brand name handbags such a Prada, coach and Gucci, and things like these. Those items are in fact not so easily and effortlessly available to eBay sellers.

To purchase these wholesale goods, and be able to resell them, you might actually need to purchase them yourself first, and lots of them. And this makes it a huge problem for small home business owners, because not only you might not be able to stock all that inventory in your house, but you as well might not be able to pay that much money to purchase it!

Yes, the item or items that you would like to sell, need to be popular and well-known and lucrative, but not necessarily this has to be the hottest one product that everybody searches for. Rather the product or service that is a niche product! This way you`ll have much lower competition, and way better results. To explain what a niche market is, that’s a smaller market of a large industry. For example: baby items is huge market, the smaller marketplace is jogging baby products.

The successful online sellers locate the smaller markets and that’s where they actually make their money. Most eBay sellers also use Worldwide Brands one source database, to uncover their wholesale products and suppliers. This database isn’t shopping mall sort of thing. They truly connect you with the real wholesale suppliers that you can get in touch to obtain the wholesale inventory from. Whenever you uncover the good and profitable merchandise to resell, all you really need to do is contact the wholesale suppliers to purchase the wholesale item for you. These wholesale suppliers are already approved and ready to work with eBay Sellers.

This is why Worldwide Brands is the best choice – you`ll have lowest prices, and over 10,000 products to choose from, to resell on eBay.

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