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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Italian dinner and auction at First Methodist  Oroville Mercury RegisterChurch and youth programs open to the Oroville community will benefit from the Italian Dinner and Auction on March 9, hosted by First United Methodist Church ...
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'Hitler' paintings fail to sell at Nuremberg auction  Jacaranda FMFive paintings attributed to Adolf Hitler failed to find buyers at an auction Saturday held amid anger at the sale of Nazi memorabilia.
David Gilmour's guitar collection comes to auction  Christie'sDavid Gilmour's 1969 Black Fender Stratocaster has earned its place in rock'n'roll history. Known as 'The Black Strat', the guitar was purchased in 1970 at ...
Fourth-graders to auction off pigs | Area News  Emporia GazetteThe fourth-grade class at Chase County Elementary School has a Pig Project.
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Hallettsville Junior Livestock auction raises about $9000 more than last year  Victoria AdvocateHALLETTSVILLE — The Hallettsville Junior Livestock Show raised about $9000 more this year than in 2018.
Kimaya owners’ Bandra property up for auction  Mumbai MirrorPradip and Neha Hirani allegedly defaulted on a Rs 25-cr loan; reserve price for the 12K sq ft apartment set at Rs 33.23 crore.
Developer sells Prahran house at a more than $500,000 loss at auction  Domain NewsThe developer offloaded two side-by-side lots in the past two months, for a total loss of more than $1.2 million.
Want to own a 140-year-old ship? Historic Falls of Clyde is up for auction  Honolulu Star-AdvertiserThe buyer of the historic ship must put up a $1.5 million bond and guarantee to remove the ship from Honolulu Harbor within 60 days. Read More ...
Marilyn Monroe & Joe DiMaggio's 1954 Honeymoon Album Up for Auction  TMZMarilyn Monroe and Joe DiMaggio's marriage only lasted 9 months, but their honeymoon memories live on.
Zurcher Kantonalbank Zurich Cantonalbank Acquires 702 Shares of KAR Auction Services Inc (NYSE:KAR)  Fairfield CurrentZurcher Kantonalbank Zurich Cantonalbank boosted its holdings in KAR Auction Services Inc (NYSE:KAR) by 8.2% during the 4th quarter, according to the ...
No one wanted to buy Hitler's paintings at an auction held in Germany amid public outrage and accusations of forgery  Business InsiderFive paintings believed to be created by Adolf Hitler failed to sell at a German auction amid public outrage and accusations of forgery over the weekend.
Regal 1930s Angus limo could turn full circle if auction price is right  The CourierAn Angus limousine which may have carried the future monarch before being owned by Top Gear television royalty is going under the hammer in the hope of a ...
Nativo Expands Holistic Auction to Offer Widest Array of Demand Options  MarTech SeriesNativo, the leading unified technology platform for in-feed and branded *content* advertising, announced that it's enabling combined server-side and client-side ...
Successful SweetheArt Auction in Mantua  The Weekly VillagerMantua – Last Saturday, folks joined their neighbors at the third annual art auction to help raise funds for a community center at the Mantua Center School.
Mardi Gras Auction to be Held Saturday  WLNE-TV (ABC6)Everything must go, and go it will, when auctioning begins Saturday at the closed–down Mardi Gras nightclub in Cranston.
SECI's 1.2 GW Wind Auction Sees Lowest Tariff of ₹2.82/kWh  Mercom IndiaThe 1.2 GW wind tender floated by SECI was oversubscribed by 1125 MW and bids totaling 2325 MW were submitted by a total of nine participants.
Is the art world ready for AI? An auction sale may answer  Economic TimesChristies held the first-ever auction of art created by artificial intelligence.
Big bucks for potential in Albert Park  NEWS.com.auBuyers were prepared to fork out a multimillion-dollar sum for a 172sq m property with potential in Albert Park today.
US Marshals auction FBI-seized Ferrari F40 for $760,000  The ClassicCars.com JournalMost law enforcement auctions feature rather dull vehicles, but a 1991 Ferrari F40 seized from a California millionaire hammered sold this week at a U.S. ...
New England Patriots Julian Edelman's beard trimmings up for auction  MassLive.comJulian Edelman's beard is no more but the trimmings will have a second life, of sorts.
Eric Sabree welcomes investigations of family's role in tax foreclosure auction  The Detroit NewsWayne County Treasurer Eric Sabree embraced two separate county reviews of his family's property purchases from his office's tax auction, he said in a ...
City Gas Distribution Auction: It’s Adani Vs The Rest  BloombergQuintIndia is expected to complete its second-largest auction to distribute piped natural gas in urban areas by February-end as the world's third-biggest oil importer ...
'A lot of treasures' up for grabs at upcoming Northlands racetrack, casino auction  CBC.caOn Feb. 23, the Epic Northlands Racetrack and Casino Restaurant and Assets Auction will offer items from more than 60 years of the Northlands racetrack.
Gujarat finds solar tariffs high, cancels auction  Economic TimesBENGALURU: The Gujarat government has cancelled the solar auction for 700 MW it held in December on the grounds that the winning tariffs reached were too ...
'Hitler paintings' go unsold at Nuremberg auction  DW (English)A set of paintings that were attributed to Adolf Hitler have failed to find buyers at a highly controversial auction. The sale took place after a number of paintings ...
Intel's Ultra-Rare, Auction-Only Core i9-9990XE Gets Benchmarked  ExtremeTechIntel and AMD have both been exploring just what kind of high-end chips the consumer market will bear in recent years, with high-profile updates and ...
"Banks Part Of Cartel?": Top Court As Amrapali Hotel Unsold In Auction  NDTV NewsTaking strong exception to two prime properties including a five-star hotel of the embattled Amrapali Group finding no bidders, the Supreme Court on Monday ...
DD Free Dish e-auction: Prasar Bharati nets Rs 395 cr from sale of 40 Free Dish DTH slots  Indiantelevision.comThe first e-auction of DD Free Dish after recommencement witnessed intense competition. Under the revised guidelines, a total of 40 MPEG2 slots were ...

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