Posts Tagged ‘auctions’
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April 30th, 2010 | 
Author: “Discover the Exact Step-by-Step
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Product Review:
“The Insider Secrets to Selling on eBay”
By The Internet Marketing Center
If you’d like to start a business on the Internet, and potentially earn $10,000+ each MONTH — even BEFORE you have a website — you’ll want to read this article very carefully…
I recently read the newly revised and updated version of IMC’s “The Insider Secrets To Selling On eBay,” and I’ve got to tell you, it’s a must-have for ANYONE wanting to start earning money online!
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In “Insider Secrets to Selling on eBay,” you’ll discover:
- How to identify the hottest markets on eBay and guarantee auction success!
- Where to find the products that offer the greatest profit potential!
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- What you can do to automate your business — so you have more time to grow it!
- Ways to drive swarms of traffic to your auctions with top-secret promotion strategies!
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- And MUCH more
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As far as I’m concerned, “Insider Secrets to Selling on eBay” is a perfect 10, and I recommend you take a look at it right away.
And IMC’s currently making trial copies available, so you can try out the profitable strategies for 30 days — and prove to yourself that they really DO work — WITHOUT risk!
To find out how, click here now…
Starting an eBay Business With Unwanted Household Items
Many people start out an eBay home business by using unwanted items around their home. It is in fact and excellent to get your feet wet in eBay. After the entire inventory is already there and paid for, the only thing you have to worry about is the shipping of the item once PayPal has cleared the money from the buyer.
But if you want to make this a continuing source of income you will soon run out of unwanted items, unless you do plan to sell the kitchen sink.
How to get started on eBay…Just the basics:
In addition to items you want to list you will obviously need a computer with an Internet connection, a good digital camera so that you can take quality pictures of the items you are selling, and a PayPal account for accepting payments, depending on the item you are selling you will need packaging material (which can usually be purchased at your local UPS store or Postal Annex here in the USA), and of course some starting capital to send your first few items once they sell.
Even though you are receiving money from PayPal for your items you will still need some starting capital in order to get the goods out immediately once the payment is in your account. Customers do not want to wait for the funds from PayPal to be transferred into your account which can take up to 5 business days depending on your banks routine.
What I have done is applied for a PayPal debit card with a pin number, that way I can access the funds immediately upon receipt of them. It does save time.
How to keep a steady flow of items to sell on eBay:
Obviously if you rely only on what is in your house you will run out of items to sell. So you need to find a good source for items for your eBay store. I have a friend who sells antiques on eBay, she finds most of what she sells at garage and yard sales, online auctions including eBay, flea markets. She only purchases items that are easy for her to transport and store. She started by limiting herself to only figurines and snuff boxes, but soon found that avenue dried up in her area so she branched out to other small antiques. She now sells old matchbox cars, trucks, railroad cars, snuffboxes, antique toys, some figurines and various other articles. She and her husband who is retired spend the weekend hunting up bargains and then selling them on eBay thereby supplementing their retirement income. You will be surprised where you will find the items for you to sell, you just have to keep your eyes and ears open and then follow through.
She has developed a wide knowledge of the items she sells. She knows the background on many of the items and how to price them. She learned most of this through years of collecting antiques herself and through research both online and off. She focused on what she knew to start and branched out from there as she gained more knowledge.
What I am trying to get at is that you need to know your merchandise if you are going to go this route to replenish your stock for sale.
Don’t have the space to store the items?
That can be a problem if you want to sell large items also the shipping can be problematic. I suggest you look for small items that can be stored in a basement, closet, garage or an empty room in your home. Depending what it is you are focusing on to sell and how big it is will determine how much space you will need.
There is another option for selling items on eBay:
If you do not want to hunt up items for yourself for whatever reason there are always dropshipping companies. A dropshipping company will provide all the items can handle to sell online. All you have to do is list them on eBay, collect the money, and pay the dropshipping their cost and they will send it out fast and efficiently. You don’t have to worry about a thing, just collect the money. The company will give you the wholesale price you have to pay, you post it at what you want to sell it for, and keep the difference.
Becoming an eBay seller is one of the easiest home business opportunities to get started with. EBay is extremely popular auction site, people go there first usually to look for bargains, why shouldn’t they buy from you?
To Your Success
Nancy Kraska
Webmaster
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Making Money On eBay
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!  |
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:
Auction Freeway…the proven formula to help you make an extra $300-$500 from home! Get your FREE kit NOW!
Make Money on Ebay today!