Posts Tagged ‘auctions’
Making Money On eBay
January 2nd, 2010 | 
Author:
Anyone can make money on eBay it is that easy. Selling items on eBay can be a very profitable business enterprise. If you are serious about a home business then you should seriously consider eBay as a source of online income. Are you curious on how it is done?
I am sure you have considered at one time or another selling unwanted items on eBay, but not sure how to get started. Basically eBay is an online garage sale. Anything and everything is sold on eBay. Selling unwanted items laying around your home is a good place for you to start making money on eBay.
In order to succeed with a home business on eBay one of the most important items is a good online reputation. Each eBay buyer is asked to rate transactions from individual business owners. Various aspects of the buying experience are rated such as: are the goods received what was described on the site, was the price accurate, did the business owner communicate with you, the overall experience of purchasing an item from the owner and would you do it again.
By eBay asking these questions and the buyers giving responses in a positive light your business will grow by reputation alone.
Selling unwanted items will mean you won’t need a budget for additional merchandise before you start to make a profit. You will receive full asking price for the items (including any shipping costs) before the item is sent to the buyer. Remember, postage costs are included in the price of the item.
Now that you have collected your unwanted items from around your home you need to do three things with the items before putting them for sale on eBay.
1. Take some good clear pictures of the items you are putting up for sale
2. Research similar items on eBay and make sure you don’t overprice your items
3. Calculate shipping costs so they can be added into the selling price of the item
This “practice” selling will give you an opportunity to practice writing precise descriptions of the item, pricing, and how shipping is handled.
This is just a start of your eBay business. Once you are familiar with all aspects of eBay you can then look for and sell items from various drop shipping companies and other online stores.
People from all walks of life are making money online using eBay. I personally know people who have made selling items on eBay their main source of income.
 Have you ever tried to sell something on eBay and not had much success? This 45 year old eBay veteran Powerseller will teach you the insider secrets on how earn money buying and selling on eBay for much less that you would expect!  |
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Posted in Ebay, Home Business, Make Money From Home, Work From Home | 
Tags: auctions, Ebay, Home Business, making money, selling on eBay, Working At Home | 
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The Language of EBay
Do you have trouble sometimes understanding when people talk about eBay? Don’t worry, some of the jargon is really obscure, and you can’t be expected to understand it until someone’s told you what it means. Here’s a little list of some of the most useful lingo to know, but you don’t need to memorise it – even the most common jargon is only used relatively rarely.
Commom EBay Words.
Bid: telling eBay’s system the maximum price you are prepared to pay for an item.
Dutch: an auction where more than one of an item is available.
Feedback: positive or negative comments left about other users on eBay.
Mint: in perfect condition.
Non-paying bidder: a bidder who wins an auction but does not then go on to buy the item.
PayPal: an electronic payment method accepted by most sellers.
Rare: used and abused on eBay, now entirely meaningless.
Reserve: the minimum price the seller will accept for the item.
Shill bid: a fake bid placed by a seller trying to drive up their auction’s price.
Snail Mail: the post, which is obviously very slow compared to email.
Sniping: bidding at the last second to win the item before anyone else can outbid you.
Common Abbreviations.
AUD: Australian Dollar. Currency.
BIN: Buy it Now. A fixed price auction.
BNWT: Brand New With Tags. An item that has never been used and still has its original tags.
BW: Black and White. Used for films, photos etc.
CONUS: Continental United States. Generally used by sellers who don’t want to post things to Alaska or Hawaii.
EUR: Euro. Currency.
FC: First Class. Type of postage.
GBP: Great British Pounds. Currency.
HTF: Hard To Find. Not quite as abused as ‘rare’, but getting there.
NIB: New in Box. Never opened, still in its original box.
NR: No Reserve. An item where the seller has not set a reserve price.
OB: Original Box. An item that has its original box (but might have been opened).
PM: Priority Mail.
PP: Parcel Post.
SH: Shipping and Handling. The fees the buyer will pay you for postage.
USD: United States Dollars. Currency.
VGC: Very Good Condition. Not mint, but close.
The chances are that you’ll find more specific jargon related to whatever you’re selling, but it’d be an impossible task to cover it all here. If you can’t figure one out from your knowledge of the subject, then type the term into a search engine, followed by the word ‘ebay’. The chances are that someone, somewhere will have seen fit to explain it.
While it’s good to be able to understand others’ jargon, avoid using it unless you really need to (for example, if you run out of space in an item’s title). Many people on eBay are not experienced buyers and you will lose them if you write a load of gibberish all over your auction.
By now, you’re well prepared for eBay life, and you’re probably ready to get started with that first auction. To learn more about selling on Ebay check out these programs:
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