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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KAR Auction Services, Inc. (KAR) Is a Raging Bull You Don’t Want to Mess With!  GV TimesIt has been reported that multiple insider activity took place at KAR Auction Services, Inc. (KAR). COO & Chief Strategy Officer Gottwald Donald S. sold 10,000 ...
Survivor: Jeff Probst wants to bring back auctions, 90-minute episodes  Surviving TribalJeff Probst has returned to Survivor Twitter once more after Edge of Extinction episode 10, replying to individuals about some of the show's big updates.
US Treasury yields tick higher as investors await economic data, auctions  CNBCLong-term U.S. government debt yields snapped their recent streak of declines Tuesday following a steep fall over the past week.
Slash’s Top Hats, Guitar Case, MTV Moonman Highlight Ex-Wife’s ‘Uncoupling Auction’  Rolling StoneIconic items from Slash's Guns N' Roses tenure – including the guitarist's top hat, coffin-shaped guitar case and his 1988 MTV Video Music Award for Best New ...
Sydney auction clearance rate hits 12-month high in March  Domain NewsSydney's auction market has posted its strongest result in a year but the number of properties going under the hammer is markedly down on this time last year.
Mystery Owner Auctions $26 Million of Wines in Hong Kong  BloombergQuint(Bloomberg) -- A wine collection of almost 17,000 bottles from a single cellar -- including grand cru Burgundies and first-growth Bordeaux -- is expected to bring ...
Online luxury real estate auctions aim to shake up sales  BNNBloomberg.caAn online auction for a luxury home in Abbotsford, B.C., is drawing attention for its novel approach, which some observers say has potential to inspire new sales ...
A stunning conversion of a church is up for auction at £200,000  Metro.co.uka church which has been converted into a home is going up for auction at £200000.
India To Auction Transmission Projects Worth $5 Billion To Support RE Expansion  CleanTechnicaTo ensure that the rapidly expanding renewable energy capacity and planned auctions of large-scale solar and wind energy projects have the adequate ...
'Under stress': One in five auctions pulled  The Australian Financial ReviewHomeowners in Sydney are increasingly withdrawing properties before the big auction day while in Melbourne, homes are selling for prices below their ...
Tadawul Extends Closing Auction Session in 2nd Phase of FTSE Russell Inclusion  Asharq Al-awsat EnglishThe Saudi Stock Exchange (Tadawul) on Sunday announced the extension of the closing auction session to 20 minutes instead of 10 minutes on 30 April only.
Auction of Chris Watts home is pushed back to July after he admitted to strangling his wife in house  Daily MailIt was announced last week that the public auction of the Watts family's $485000 home had been pushed back to July, just days before it was set to be offloaded ...
A special auction  Deccan HeraldEighteen years after his death, Vasudeo Santu Gaitonde (1924-2001), one of India's modern masters, must have turned in his grave. On March 26, 2019, one of ...
Texas ‘Castle’ Heads to Auction  Mansion GlobalA European castle-style home outside of Dallas will go under the hammer at the end of April with a $2.5 million reserve. Located in Southlake, Texas, the home ...
Sold: Mystery Owner Nets $30 Million for Wine Stash  BloombergA wine collection of almost 17000 bottles from a single cellar -- including grand cru Burgundies and first-growth Bordeaux -- has sold for $29.8 million at auction, ...
Mexico wants to review contracts awarded in energy auctions  pv magazine InternationalThe announcement was given by Manuel Bartlett, the general director of state-owned utility CFE. He also said the current prices of renewables are a lie, while ...
Notre Dame auction at the click of a mouse  Lowell SunTYNGSBORO -- If you are a baseball fan, enjoy stunning, high-quality jewelry, or wish to bring a group of friends to a free, private wine-tasting, the Academy of ...
Apr 22, 2019 - Clarkston Capital Partners LLC Buys KAR Auction Services Inc, Affiliated Managers Group Inc, AmerisourceBergen Corp, Sells Pfizer Inc, McKesson Corp, Dentsply Sirona Inc  GuruFocus.comBloomfield Hills, MI, based Investment company Clarkston Capital Partners LLC buys KAR Auction Services Inc, Affiliated Managers Group Inc, ...

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