Get Yourself A Piece of The eBay Pie

Ebay is without a doubt the greatest internet marketing phenomenon of all time. Millions of people log on every minute and every second there are hundreds of items listed, sold and bought, and of course money is made. It has become the world's largest marketplace, where the potential for selling an item is exponentially increased due to the sheer volume of people who can view the item for sale.

The attraction Ebay holds for the most people is the possibility of selling or buying anonymously, and getting a great bargain. And for the first time ordinary people are making extraordinary incomes selling literally everything from beanie babies to diamond rings and cars. For those who venture out of their comfort zones into the cybermarket place, the following may com in handy as a guide to selling on Ebay:

A. RESEARCH WHAT IS LIKELY TO SELL, DON'T JUST SELL ANYHTING

Contrary to what you might think, not everything sells on Ebay. Your success on Ebay depends on selling what people want and need, and what they will pay for. You can find this out by browsing closed auctions of items you are interested in selling, see how many bids there were for the item and how high the bid price went. The more bids and the higher the closing price the more successful the auction.

B. ASSESS THE COMPETITION

It's no use selling an item that there are hundreds of thousands to choose from. Your chances of success will be severly diminished. The rarer the item and the fewer the number of people selling the same item the better your chances of making a sale. Find out how many similar items there are for sale by using the search feature on Ebay. Avoid items that are oversupplied and that everybody else is selling.

C. FIND THE CHEAPEST SOURCE OF THE ITEM

The best way to begin is by using a dropshipper. This is a wholesaler who will ship single items on your behalf to your customers and does not charge you a fee to do so. You don't have to keep inventory of the items you sell, and you order the item to be shipped to the buyer after you have sold it on Ebay, thereby reducing your risk to near zero. Remember the principle "Buy low and sell high" That is the key to maximizing your profits.

D. LEARN THE TRICKS OF THE TRADE

It is prudent to learn as much as you can about how Ebay works before you start, as there is more to it than meets the eye. There is no surer way to fail than to jump in without doing your homework well and believe me, it is work. If anyone says otherwise they're simply not telling the truth.

E. START WITH A SMALL MONTHLY BUDGET AND STICK TO IT

Don't spend more money that you can afford to lose. As with all businesses it takes time to tweak your skills to perfection. It is very easy to fall prey to internet sharks who promise fantastic returns in a short period of time. It simply does not work that way.

F. GIVE IT TIME

Forget about making a lot of money in a short time. It is slow tedious work,a ndmake some allowances for failure. Don't get discouraged. Find out what works and what does not work and improve yourself as you go along.

c. Michael Schandorf-Lartey 2004
http://www.amazingdealz.dropshipdesign.com

Michael Schandorf-Lartey is an internet entrepreneur, and operates a successful wholesale sourcing website that assists internet newcomers to launch their own Ebay businesses. He lives in Clermont, Florida with his wife and three children.

In The News:

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Car used by LeBron James as high school senior going to auction  ESPNThe 2003 Hummer H2 used by LeBron James as a high school senior will hit the auction block and is expected to fetch over $100000.
A bunch of Michigan land is going to auction: How to bid  Detroit Free PressThe auction also includes a couple of parcels in metro Detroit, in Oakland and Livingston counties.
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IPL 2019: 5 players Sunrisers Hyderabad may look to buy in auction  Hindustan TimesHere's a look at the five players that Sunrisers Hyderabad may look to buy in the auction on December 18 in Jaipur.
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Guests win big at Quarters for CASA auction  WBOY.comThe quarters for CASA auction was held Saturday at the Harrison County Senior Center. Auction goers could bet as little as a quarter and win big ticket items.
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SBI mega e-auction on 10 Dec: 1,000 residential, commercial properties on sale; key things to know  The Financial ExpressFor those looking to buy affordable residential or commercial property having the least chances of fraud and without any legal hassle, a good opportunity has ...
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Ill-fated New York Wheel project will sell parts at auction  Crain's New York BusinessThe project faced many challenges, including cost projections that reached $590 million.
Frank Sinatra's Audemars Piguet Watch Sells At Sotheby's Auction, Along With His Paintings And More  ForbesFrank Sinatra's Audemars Piguet watch was only expected to garner $1200 at the recent "Blue Eyes" auction by Sotheby's -- it went for a lot more than that.
2018 charity auction raises over £70000  Jersey Evening PostTHE 2018 Jersey Christmas Appeal raised more than £70000 after some of the best star lots ever received went under the hammer.
6 questions about tax foreclosure auction Wayne County needs to answer  Detroit Free PressTo fix the Wayne County tax foreclosure auction, you have to understand it. That's a problem.
J.M. Davis Museum guns up for auction at Heritage Auctions on Dec. 9  Tulsa WorldAbout 140 collectible firearms from the J.M. Davis Museum are up for bid now through a Dec. 9 live auction date at the Heritage Auctions web site.
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Brisbane auctions: Is this the ultimate family home?  Domain NewsA renovated Queenslander perched on the hill at Hamilton will go under the hammer this weekend, and it\'s likely to be the house of many people\'s dreams.
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Australian teen auctions virginity to help pay for college, her parents' mortgage  CBS17.comSYDNEY (KRON) - A teen in Sydney, Australia who started a website to auction her virginity says she hopes to raise at least $100,000 to pay for college, a car, ...
It's been another awful week for Australian auction clearance rates  Business Insider AustraliaAuction clearance rates fell to the lowest level since October 2011 last week, driven by broad-based weakness across all capital cities.
Castle-like Bluffton mansion listed for $9M will be sold ... in Hong Kong. Here’s why  The Island PacketA castle-like mansion listed for sale for $9 million in Bluffton, South Carolina, will have a new owner in December after an auction in Hong Kong. The realty firm ...
IPL 2019 auction: 3 relatively unknown Indian players who may attract huge bids  Hindustan TimesAlso, as has been observed in the previous seasons, the team which have done well have a great crop of young Indian players who complement the big names ...
Record prices set for Rolex and Patek Philippe at Geneva watch auctions  British GQA record result for Phillips was just one of the outcomes for collectors and consigners alike at the latest installment of the Geneva watch auctions with, ...
MLB auction will benefit Negro Leagues Baseball Museum and help pay for vandalism  The Kansas City StarThe MLB Winter Meetings Charity Auction will benefit the Negro Leagues Baseball Museum and the Jackie Robinson Foundation. The auction is organized by a ...
Retro Ford Forty Nine concept car heads to auction  Yahoo NewsHarking back to the 1949 Ford, the 2001 Forty Nine concept car relived the glory days of drive-in movies and waitresses on roller skates.
Tim Brown's 1987 Heisman Trophy Sells for Record $435K at Auction  Bleacher ReportThe 1987 Heisman Trophy , awarded to former Notre Dame and Oakland Raiders superstar wide receiver Tim Brown , sold at auction for $435000, according to ...
Freaks Action Network Announces 2018 Holiday Auction Items From Phish, Phil Lesh, & More  Live for Live MusicFreaks Action Network will be auctioning and raffling jam-friendly items ranging from signed Phish posters to concert tickets for the 2018 holidays.
Anger as Durban car auction reserved for township blacks only | Sunday Tribune  Independent OnlineCar auction excludes Indian and Coloured bidders who were also historically disadvantaged during Apartheid.
A photo of Hitler posing with a girl of Jewish heritage auctions for $11,520  CNNThis photograph of Adolf Hitler embracing a young Jewish girl who he called his "sweetheart" sold for $11520 this week.
John Thain's Picasso Fetches $29.6 Million as Auctions Start  BloombergWorks by Claude Monet and Pablo Picasso led Christie's mixed auction of Impressionist and modern art on Sunday in New York.
Taxi Medallion Auction Starts Wednesday -  VI ConsortiumThe Virgin Islands Office of Veterans Affairs recently announced upcoming taxi medallion auctions to be held territory-wide. Applications can be picked up at ...
Austin Restaurant Threadgill’s Auctions Decades of Memorabilia  Eater AustinThe South Austin location of Threadgill's on 301 West Riverside will shut its doors this weekend, and begin the process of dismantling the historic restaurant.
Einstein's 'God letter' fetches $2.9 million at auction: Full text and facts on the iconic science-religion debate  India TodayEinstein's iconic 'God letter' written a year before his death -- rejecting god and religion, and questioning whether Jews were the "chosen people" -- was put up ...
Einstein's religious views on display at 2 New York auctions  Charlotte ObserverA Bible described as "an inexhaustible source of living wisdom and consolation" in an inscription by Albert Einstein failed to sell at auction.
Federal Auction of 5G Airwaves Gets Off to a Slow Start. Here's Why  FortuneThe 5G airwave license auction got off to a slow start, as few bidders offered the Federal Communications Commission much for the spectrum.
Photos: Beachfront Galveston home heading to auction this month  Houston Business JournalA beachfront home in Galveston is one of 18 properties in Concierge Auctions' second-annual December Sale, according to a press release. Located at 17007 ...
Hybrid tender will see reverse auction among two bidders  Economic TimesNEW DELHI: The government will go ahead with the reverse auction for its first solar and wind hybrid tender which will see the two bidders, Adani Green Energy ...
Couple charged in bilking farm owner out of $388,725 in auction proceeds  Wisconsin State FarmerOCONTO – An Oconto County couple faces prison time after bilking a farm owner out of nearly $390,000 worth of proceeds following a November 2015 auction.
Phillips Geneva Auction Proves You Can Double Your Money With The Right Watch At The Right Time  ForbesThere were no sensational $17-million Paul Newman Daytonas in the Phillips in Association with Bacs & Russo auction in Geneva last weekend, but one glaring ...
Man auctions daughter as child bride on Facebook, gets 500 cows, 3 cars, $10,000  WCBD News 2(WFLA/CNN) - A humanitarian organization is outraged after a man in South Sudan used Facebook to auction off his daughter as a child bride.
Carsbazr successfully auctions Banky W’s range rover for over N2Million  VanguardCarsbazr, Nigeria's pioneer car retail *service* specialising in verified locally used cars from Cars45 has held its 26th live auction over the weekend.

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