eBay - The Basics

I began selling on eBay in 1999 and have found it to be an enjoyable and profitable experience. I had owned a retail computer store for a few years and decided to close it. I still had a lot of computer inventory and soon discovered eBay was a good resource for selling the parts.

This turned into an ideal situation as selling this way became a home-based business and the overhead was very low. This was a plus to my income opportunity. A spare bedroom in the basement soon became my eBay selling room.

As time passed, more people began selling computer parts and the margins were getting thin. I needed to come up with a new idea that would keep my profit margins at an acceptable level. Instead of selling the computer parts, I would compile a list of my resources and then sell the list as a wholesale resource. The computer wholesale list became an overnight success on eBay. The list has cost me nothing except time, and I was able to sell the list several hundred times. I compiled the list in Excel and also in a text file. Another option was to have it burned to a CD and then mailed to the customer. I charged an extra fee for the CD, and sold quite a few that way too.

After selling the wholesale list for a few months, eBay changed the rules and would no longer allow cross-posting the same item, and also limited the number of times the same item could be listed at the same time. This change caused sales to drop, and I eventually stopped selling the list.

I still had the eBay bug, and was looking for other (http://www.auctionmanger.biz) eBay resources to sell. I started going to garage sales and looking for unique and inexpensive items. This was also another successful resource and lasted for about a year until more people started realizing this technique, and it was getting more difficult to find the bargains.

The next resource I started using was going to auctions and putting the items I purchased on eBay. So far, this has been another good resource and one that I still use. My best buys are when I can buy a quantity of an item for a very low price.

One example was several boxes of HO scale train cars, engines and accessories. There were over 300 items and I ended up paying $150. That came out to 50 cents for each item. There was a lot of work photographing and writing a description for each item. The worked paid off as each item sold anywhere from $3.00 to $12.00 each, making a very nice profit margin.

Selling on eBay is still a resource for additional income, and I am always on the lookout for the next big sale.

James Hendrix has been putting people in business on the Internet since 1996. He has experience with web hosting, development, marketing and search engine optimization.

In The News:

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Upcoming auctions offer range of opportunities for investors  Independent.ieFive public property auctions are scheduled to take place in the next three weeks across the country in Dublin, Naas, Cork, Galway and Limerick.
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Utah tag auctions highlight Western Hunting Conservation Expo  Las Vegas Review-JournalHunters from across the west gathered last week at the Salt Palace Convention Center in Salt Lake City, Utah, for the 2019 Western Hunting Conservation Expo.
Brisbane auctions: Buyers hanging out for the houses with nothing to do  Domain NewsIn this era of time-poor professionals and busy families, finding a house that requires no work has become a high priority for many Brisbane buyers.
Auction calendar: February 22, 2019  Wisconsin State Farmer... ** Indicates an auction ad appearing in this issue of the Wisconsin State Farmer. FRIDAY, FEBRUARY 22. Withee, WI. 10:30 AM Special Dairy Cattle Auction ...
UK Examines Compression Auctions For Libor Transition  Markets MediaThe Bank of England's working group on the transition from Libor to a new risk-free reference is reviewing the use of compression auctions to decrease risk ...
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Turkish Treasury holds auctions to borrow $1.86B  Yeni Şafak EnglishTreasury and Finance Ministry holds auctions for fixed coupon and CPI-indexed government bonds.
Commercial coal mining auctions may not take place soon: Official  Economic TimesNEW DELHI: Auctions for commercial coal mining may not take place soon as the country is entering the election mode, said a senior government official.
UK holds auction, sells unused campus equipment | News  Kykernel.comOn Tuesday, Feb. 19, members of the public were welcome to attend what is known as a surplus auction on UK's campus. The auction took place at the ...
Bank of Baroda auctions chairs, water dispenser after liquidation  Graphic OnlineThe Ghana unit of India state-owned lender, Bank of Baroda is auctioning its properties that include chairs and water dispenser as it prepares to finally pack out ...
Concierge Auctions Unveils February Lineup Of Top-Tier Properties Across Five US States And Three Countries  PRNewswireNEW YORK, Feb. 19, 2019 /PRNewswire/ -- Concierge Auctions has announced its February lineup available across five U.S. states and three countries, and ...
Regulators to scrutinise CCP default auctions  Risk.netGlobal regulators are debating options to improve the design of clearing house default auctions, amid calls from banks and other market participants for a ...
Silverstone Auctions Shines with Race Retro Classic Car Sale  Business WireProxibid will provide live online bidding for the Silverstone Auctions Race Retro Classic Car Sale this weekend in Coventry, Warwickshire UK.
GOOD CROWDS FLOCK TO OLD TORQUAY AUCTIONS - Surf Coast Times  TIMES NEWS GROUPVendor Naranda Watson of 3 Short Street Torquay shakes hands with successful buyer John Sanderson, with auctioneer Steve Menegazzo (left) and Tracey ...
Brisbane auctions: The Balmoral time capsule house holding a lifetime of memories  Domain NewsOn the market for the first time in its 57-year history, this Balmoral Hill house was a literal labour of love for its owner and is now a bricks and mortar time capsule ...
Uncovered treasures: Vince Lombardi game-worn hat among items being auctioned  Green Bay Press GazetteGREEN BAY – The Vince Lombardi hat was in a Green Bay Packers duffle bag; the other treasures in a portable metal safe, about four decades old.
Michael Jordan's game-worn shoe heads to auction after rescue from mall  New York Post More than 20 years after Michael Jordan won his last championship, the NBA legend's game-worn Air Jordan from 1985 is up for sale – after being salvaged ...
Highlights from the record-breaking 2019 Retromobile car auctions  New AtlasThe cluster of elite car auctions associated with Rétromobile grew in strength yet again this year with official auction house Artcurial and the world's largest ...
Pennsylvania Man Buys Everything At OC Brewing Co. Public Auction  WBOC TV 16After over an hour of bidding for individual lots at the Ocean City Brewing Company's public auction on Tuesday, one Pennsylvania man bought everything in an ...
Selling Heathrow's slots at auctions 'will push up fares'  The TimesMinisters are considering auctioning take-off and landing slots at an expanded Heathrow, despite warnings that such a move would inflate costs for airlines and ...
Auction of Treasury bills RIKV 19 0618 Iceland Stock Exchange:RIK  GlobeNewswireOn Friday, 22 February at 11:00 a.m. Government Debt Management will conduct an auction of Treasury bills RIKV 19 0618 which mature on 18 June 2019.
Online auction of seized Belgian bitcoin begins next week  The Irish TimesWilsons Auctions secures contract to sell 315 coins of cryptocurrency.
'Huge sentiment shift': Sydney, Melbourne auction clearances pick up  The Australian Financial ReviewSydney's auction clearance rate hit a nine-month high and Melbourne's also picked up on the weekend buoyed by hopes of an interest rate cut and relief that ...
Rarest, most valuable US paper bills in existence set for multimillion dollar auction  Fox NewsThree exceedingly rare 19th century U.S. currency notes are expected to sell for a combined $7 million when they are auctioned off next week.
HDH to host 'largest' spirits-only auction in US history  The Spirits BusinessAuction house Hart Davis Hart is set to host a two-day online sale featuring several old and rare spirits, which it claims will be the largest spirits-only auction in ...
Peabody Holding First Online Surplus Auction  Peabody, MA PatchPeabody Holding First Online Surplus Auction - Peabody, MA - Need a school bus? How about a retired fire pumper? Online bidding is now open for those and ...
Luxury Real-Estate Firm Concierge Auctions Fights Allegations of Fraudulent Bids  Wall Street JournalIn the competitive world of luxury real estate, Concierge Auctions is the dominant force in the rapidly growing business of selling pricey properties to the highest ...
Durgin-Park memorabilia is on the auction block  The Boston GlobeAfter Durgin-Park closed on Jan. 12, one of the most common refrains uttered among locals seemed to be, “I wish I had gone.” The 192-year-old restaurant was ...
CASA to Auction Justify Halter | TDN  Thoroughbred Daily NewsCourt Appointed Special Advocates (CASA) will auction Triple Crown winner Justify's halter at their annual fundraising event Bourbon and the Bayou. The Mardi.
Museum of Art auction ends Thursday  The LedgerLAKELAND — The Polk Museum of Art's annual fundraising online auction ends at 5 p.m. Thursday. Nearly 70 items are being sold to the highest bidder for just ...
Game-Worn, Autographed 1984-1985 Air Jordan 1 'Black Toe' Auction  ComplexHeritage Auctions is selling a signed Air Jordan 1 'Black Toe' worn by Michael Jordan during the 1984-1984 NBA regular season.
Germany Awards 476 Megawatts In Latest Undersubscribed Onshore Wind Auction  CleanTechnicaFebruary 20th, 2019 by Joshua S Hill. Germany's latest onshore wind tender was again undersubscribed with only 476 megawatts (MW) of capacity being ...
Why KAR Auction Stock Plunged Nearly 20% This Morning  Motley FoolShares of used- and salvaged-car auction operator KAR Auction Services (NYSE:KAR) plunged 19.5% in early Wednesday trading, following a disappointing ...
Two clarifications that point to where Essar Steel auction is headed  Moneycontrol.comA couple of clarifications perhaps point to the direction where the Essar Steel auction is headed. Anil Agarwal's Vedanta on February 19 categorically confirmed ...
PNB to e-auction 4,000 properties to recover loans  Economic TimesLending major Punjab National Bank (PNB) on Wednesday said that it has decided to place more than 4,000 properties all over India on e-auction as part of its ...
Auction Preview: Extraordinary Books and Manuscripts at Bonhams, New York, Mar 12 | Artinfo  BLOUIN ARTINFOWhat: Extraordinary Books and Manuscripts. Where: Bonhams, 580 Madison Avenue, New York NY 10022, USA. When: 12 March, 02.00 EDT. Public Viewing: ...
Brisbane auctions: Families prepare to farewell their much-loved homes  Domain NewsMaking the decision to sell a much-loved family home is often an experience fraught with emotion and these Brisbane houses which will go to auction on ...
DoT likely to host next round of spectrum auction post August  Gadgets NowThe Department of Telecommunications (DoT) is likely to hold the next round of spectrum auction only after August this year, and may use the new pricing ...
APTEL stays Tamil Nadu wind auction temporarily  Economic TimesTamil Nadu Electricity Regulatory Authority set a feed in tariff for wind power of Rs 2.80 per unit.
UPC Solar Quotes Lowest Tariff of ₹2.55/kWh in Gujarat's 500 MW Solar Auction  Mercom IndiaParyapt Solar, a special purpose vehicle by UPC Solar, has emerged as the lowest bidder by quoting a tariff of ₹2.55 (~$0.035)/kWh to develop 50 MW in the ...
Charity art auction for Mind West Cumbria  GOV.UKArtwork produced for the Art of Reprocessing exhibition will be auctioned for Mind West Cumbria.
The FCC Just Wrapped Its First 5G Airwave Auction, and It Didn't Even Crack $1 Billion  FortuneThe first 5G airwave license auction ended with the Federal Communications Commission receiving total winning bids of $702 million.
China stirs the PV world – by preparing to shift to auction mechanism  pv magazine InternationalProjects not encompassed by the new, central-subsidy-free, 'grid-parity' regime will be eligible to bid for a government subsidy. But, at a reported $446 million, ...
Chandler Speedway up for auction  TriStateHomepage.comThe auction will take place on Wednesday, March 20.
OALP: India Launches Third Round Of Oilfield Auctions  BloombergQuintThe union government has launched the third round of oilfield auctions under the Open acreage Licensing Programme as India aims to cut oil imports by 10 ...
Rare Michael Jordan shoe goes from Milwaukee mall demolition site to high-priced auction  Milwaukee Journal Sentinel"My Very Best." It's a simple enough message, scrawled on an old athletic shoe that wound up in an abandoned storage room as Capitol Court Mall was being ...
Long Chim adds Thai spice to Auction House Market  NOLA.comLong Chim began with a craving. After moving to New Orleans, May Mananya couldn't find the food she used to eat in her native Bangkok. So she started ...
Gujarat solar auction: UPC Energy Group, Adani Green Energy, ReNew Power winners  Economic TimesOrange Renewable and ReNew Power won 120 MW and 105 MW at Rs 2.67 and Rs 2.68 in the auction.
Auction Report: Audemars Piguet Will Sell A Unique Royal Oak Chronograph To Benefit Clean Water Charity One Drop  HODINKEEThere might be no two words that can elicit a more intense, heart-pumping reaction from a watch collector than "piece unique." The thought of owning something ...
Three Lotus Carltons are up for sale… at the same auction  Top GearRace Retro sale includes three examples of the iconic super-saloon. Greg Potts. 20 Feb 2019. Facebook · Twitter · Google+ · WhatsApp · Mailto · Copy link.
Visit The Kung Fu Nuns Of Nepal And Other Auction Items At The Hollywood For Science Gala  ForbesBuddhist nuns practice Kung Fu at the Amitabha Drukpa Nunnery on the outskirts of KathmanduGetty. Our world is dramatically changing through global ...
AlBahie Auction House reveals line-up of events for spring READ MORE  Gulf TimesAlBahie Auction House has announced that it is beginning its third year with a line-up of exhibitions, programmes and auctions to complement Doha's.
Tim Participacoes CEO sees Brazil 5G auction in about a year  ReutersThe chief executive of Brazil's third largest wireless carrier TIM Participações, Sami Foguel, said on Wednesday that the government should auction the 5G ...
Details: Over 100 John Deere 6R/M Series tractors to go to auction  AgrilandOn Wednesday (February 13), we brought you news that Euro Auctions has been appointed to “dispose of” the assets of the UK-based Hawk Plant equipment ...
Balmoral house goes to auction for first time ever  NEWS.com.auThey bought the block of land with just £3000 ($5468.63AUD).
Auction report: 'Old-school' MF workhorses change hands at big February sale  AgrilandMonday, February 11, saw the latest monthly Cambridge Machinery Sales auction take place at Cheffins Auctioneers' sale grounds.
Local News Clark County to hold first surplus auction of the year Amy Abdelsayed 9:55  KTNV Las VegasLAS VEGAS (KTNV) — Clark County's first government surplus auction of 2019 is just around the corner and the preview and pre-registration begin next week.
SVN Auction Services awarded contract to support UDOT to meet mandate to sell surplus real property  GlobeNewswireSVN Auction Services builds electronic online auction platform to enable the Utah Department of Transportation to accelerate and close sales of surplus real ...
Missing Ryan's Buffet? Buy some of the assets from the restaurant in an auction  The Evening SunAnother Hanover favorite eatery closed. Ryan's Buffet, at 314 Eisenhower Dr., closed to accommodate the end of its lease and the remaining assets are now up ...
KAR Auction Services 2018 Q4 - Results - Earnings Call Slides  Seeking AlphaThe following slide deck was published by KAR Auction Services in conjunction with their 2018 Q4 earnings call.
Torrington sells downtown property at tax auction; no bids on 2nd site  Torrington Register CitizenTORRINGTON — A sparse crowd attended the city's delinquent tax auction Tuesday, where one of the two properties for sale was purchased. The former ...
Yields mixed at TDF auction  Manila BulletinWith more liquidity in the system, the central bank's weekly term deposit facility (TDF) had higher bids this week of P80.89 billion versus the previous ...
Auction canceled, buyer in place for Weathersfield Twp. complex  WKBN.comAuctioneer Michael Berland said the seller elected to cancel it because they believe they have a buyer in place for the property at a good price.
Rarest US bills in existence set for multimillion-dollar auction  New York Post Three exceedingly rare 19th century US currency notes are expected to sell for a combined $7 million when they are auctioned off next week. One of the unique.
Government to auction PPAs to revive 10,000 MW of stressed power plants  Economic TimesNew Delhi: The government expects to put 10,000 MW of stressed power assets on track through auctions, starting with 5,000 MW of power purchase contracts ...
ÁKK sells HUF 40 bln of bonds at switch auction, as planned  Budapest Business JournalThe Government Debt Management Agency (ÁKK) sold HUF 40 billion of bonds maturing in 2026 and 2028, accepting bonds expiring in 2020 as payment at a ...
Tiger Woods' old Scotty Cameron putter sells for big money  Golf.comTiger Woods once told his son, Charlie, there were two putters in his putting studio that were off-limits: "There's the black one I won with the Teryllium insert.
Gordy's Ladysmith store sold; grocery store doesn't attempt to block auction  Leader-TelegramCHIPPEWA FALLS — The Gordy's Market Inc. grocery store in Ladysmith has officially been sold.
Farmers threaten to boycott goat auction over NHIF cuts  The Star, KenyaBaringo farmers have threatened to boycott goat auctions because of mandatory National Hospital Insurance Fund deductions.A total of 2590 goats were sold in ...
Spenger’s 34-carat diamond ring sells for $529,000 at auction  East Bay TimesOAKLAND — Spenger's 34.2-carat yellow diamond ring that dates back to the king and queen of Hawaii in the 1880s sold for $529,000 to a private Bay Area ...
PROPERTY OF THE WEEK: 5-bed family home up for auction at just £130000  Lancashire TelegraphOUR property of the week is up for auction later this month with a starting price of £130000.
Auction report: 'If she's not blue, she just won't do!'  AgrilandCheffins held an 'on-site' farm machinery auction in Cambridgeshire (England) earlier this month – on February 5. It was run on behalf of BC & DM of Risely ...
Finders keepers: KCSO selling seized items in online auction  WBIR.comThe auction company said buyers will find several designer brands for sale including over a thousand watches.
Tata Teleservices offers to surrender spectrum allocated without auction  Economic TimesNEW DELHI: Tata Teleservices has offered to surrender spectrum allocated to it without auction in around 15 circles before its merger with Bharti Airtel is ...
Teenage County fanatic auctions FA Cup ticket in memory of sister  South Wales ArgusA TEENAGE Newport County fanatic has used his side's upcoming FA Cup clash with Manchester City to help raise money for charity.
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 ...
Quora adds search-like keyword targeting, Auction Insights for advertisers  Search Engine LandSAN JOSE — Quora continues to rapidly build out features and capabilities of its not-yet-two-year old advertising platform. The question and answer platform ...
CarDekho, Gaadi Parent Girnar Software Acquihires Carbiqi, Adopts Retail Auction Model  Inc42 MediaGirnar Software-owned ecommerce platforms for buying and selling cars, CarDekho.com and Gaadi.com, have added offline and online retail auction model for ...
Antigua Villa Heading to Auction  Caribbean JournalA luxe Antigua villa is headed to auction, Caribbean Journal has learned: the Villa Nonsuch at Antigua's prestigious Nonsuch Bay.
PNB plans to put up more than 4,000 properties for e-auction  The Hindu BusinessLinePunjab National Bank (PNB) has decided to place more than 4000 properties all over India on e-auction as part of the SARFAESI Action initiated by the public ...
Nostalgic auction sells off pieces of now closed Mardi Gras Multi Club  WPRI 12 Eyewitness NewsMore than 460 items were up for auction Saturday at the now closed Mardi Gras Multi Club. Many people came to spend money, while others just wanted to walk ...
007 Lots You Can Buy In The Bond & Beyond Auction  ForbesMemorabilia associated with James Bond and other vintage action stars hits the auction block on February 7th. A range of material from actual film-used props to ...
Rare vase from 1893 Chicago World's Fair sells at auction for $110,000 to New York collector  Chicago TribuneMade in Japan, exhibited at the Chicago World's Fair in 1893 and hiding in plain sight in a California seafood restaurant for nearly a century, a rare giant vase ...

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