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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Livestock auctions
Cadillac News
Clare County Livestock Auction, LLC. Sale every Monday at 3 p.m.. advertisement. May 14 results: Choice colored steers, $100 to $119; choice colored heifers, $90 to $117; good colored steers and heifers, $80 to $105; choice Holstein steers, $70 to $95; ...


Windpower Monthly

Six projects awarded 70MW in Kazakh auctions
Windpower Monthly
It received nine bids from Kazakh companies totalling 40.7MW for the first 20MW portion on 23 May, the ministry stated. Zenchenko and K were awarded 2MW of capacity at KZT 18,000/MWh ($55.08/MWh), Vichi won 7MW at KZT18,010/MWh, Ventum Energy ...


Search Engine Land

The status of Google's presence in Google Shopping Auctions
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As my company (Merkle) reported just a couple of weeks ago, Amazon has exited US Google Shopping auctions for all advertisers that had consistently seen it as a competitor for the last few quarters. While the rationale behind this decision remains ...


France-Spain cross-border June power capacity auctions at near 4-year high
Platts
All 580 MW of offered monthly France-Spain June baseload capacity was sold at auction at a price of Eur24.20/MWh ($28.24/MWh), the highest monthly auction since July 2014, when only 40 MW were auctioned, according to data published by European ...


Penn State News

Penn State Extension kiosks at produce auctions provide information for growers
Penn State News
UNIVERSITY PARK, Pa. — In partnership with the Pennsylvania Department of Agriculture, Penn State Extension has set up kiosks at produce auctions across the state to provide growers with timely information on disease and pest identification and ...


WANE

Graham to return for Komets, Fort Wayne auctions off jerseys
WANE
Friday afternoon they concluded the season with the annual jersey auction to raise money for charity. Head coach Gary Graham said he would be back for another year. A majority of this team will be different heading into next year due to the ECHL ...

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Art Newspaper

Berkshire Museum's $8.1m Norman Rockwell leads American art auctions, despite deaccessioning controversy
Art Newspaper
The American paintings auctions on 22 May at Christie's and the following day at Sotheby's brought to the marketplace plenty of rarely seen work from private collections, but most notable was that being controversially deaccessioned from the Berkshire ...

and more »

NPR

New York's Spring Art Auctions Have Seen Some Yawns And Some Records
NPR
Updated at 2:50 p.m. ET Friday. The biggest surprise at Wednesday night's Sotheby's auction was a painting by Chicago-based artist Kerry James Marshall. Past Times set a record for a living African American artist at auction. It went for $21.1 million, ...
Sean Combs Is Revealed as Buyer of Kerry James Marshall PaintingNew York Times
Rockefeller heavy-hitters pull in $646m for charity at Christie'sArt Newspaper
Christie's $416m Impressionist and Modern art sale reaffirms bullish market for top materialArt Newspaper
Christie's -Jack Shainman Gallery
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Law.com

No Presumption of Privacy for Those Winning Public Auctions, Court Holds
Law.com
The New Jersey Supreme Court on Wednesday ruled that successful bidders at public auctions are not entitled to a presumption of privacy. In a unanimous ruling, the court, overturning the Appellate Division, said persons who purchase seized items from ...


BRAZIL: Treasury Announces Extraordinary Debt Auctions For Next Week
Markets Insider
(RTTNews) - The Brazilian Treasury Department announced three extraordinary debt auctions for next week, in response to "current market conditions" and to "support the local public debt markets" functioning. The Treasury Department said that it would ...

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