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:

Confidence returns to Melbourne's auction market, pundits suggest, in second-biggest weekend of the year  Domain NewsClearance rate ticks higher for first time in months despite second-greatest number of auctions so far this year at the weekend.
What we learnt from this month’s New York auctions  Financial TimesMore than $1.7bn of art was sold across five auctions in New York between May 13 and 16 but the art market is more fragmented than the numbers suggest.
Brazil's ANP identifies opportunity to postpone oil and gas auctions in 2019  WorldOilThere is room to discuss postponement of at least one oil and gas auction in 2019.
Tame Inflation Makes $131 Billion Bond-Auction Deluge Palatable  BloombergA $131 billion deluge of Treasury notes is about to hit with yields at their lowest in more than a year. But bond traders can take heart: This week is also expected ...
Supreme Auctions Announces Luxury No-Reserve Auction of Catina Hollow in Dallas Following Its Successful Sale of Lynbrook House in Houston  Yahoo FinanceNestled within the highly sought after Preston Hollow community, this stunning Texas home will be sold to the highest bidder at a live auction on June 29, 2019.
Tamil Nadu discom to halt wind and solar auctions  Economic TimesInstead, it will buy clean power from the Solar Energy Corporation of India (SECI) to fulfil Renewable Purchase Obligation, a senior state government official told ...
Poor Response Forces Indian State To Stop Renewable Auctions  CleanTechnicaMay 24th, 2019 by Saurabh. Lack of adequate and low-priced bids for large-scale solar and wind energy tenders has led the south Indian state of Tamil Nadu to ...
Owner-occupiers triumph at inner north auctions but market still subdued: agents  Domain NewsMelbourne vendors enjoyed moderate success at auction, with agents saying the federal election result hasn\'t yet energised a wave of buyers to bid.
Mexico to auction Lamborghini, other seized assets to help poor  ReutersMEXICO CITY (Reuters) - Mexico's government will auction a Lamborghini, homes and other assets seized from gangsters and at least one former politician, ...
Kurt Cobain’s Sweater From Final Photoshoot Sells for $75,000 at Auction  Rolling StoneA sweater worn by Kurt Cobain during the singer's last photoshoot with Nirvana sold for $75,000 at auction Saturday. The cardigan, which Cobain donned at a ...
Auctions and house sales this weekend could determine future of housing market  Daily MailThe housing market could be set to recover as auction rates have doubled since the Federal Election last weekend, in what an expert takes as a positive ...
In auction regime captive mining may push commercial miners out - Opinion by Dipesh Dipu  ETEnergyworld.comIt may be safe to state that auctions have put commercial miners in a relatively disadvantageous position, when they are bogged by relative operation ...
Mexican Government Auctions Seized Cars From Corrupt, Criminals to Benefit the Poor  The DriveIn a move that should temporarily restore your faith in humanity, the Mexican government will be auctioning off a total of 82 cars seized from the wealthy, corrupt, ...
First-price auctions just went mainstream, but are publishers ready?  MobileMarketing MagazineLiz Waldeck-Pinckert, director of publisher monetisation and strategy at AdColony, dicusses what the shift to the first-price auction model means for the industry.
You can buy property at up to 30% discount in auctions: Here's how to do it  Economic TimesProperty sold through auctions is cheaper than the prevailing market rate. ET Wealth tells you how to go about it.
Iron ore mine auction delay may hit steel production in 2020  LivemintThe dearth of domestic iron ore supply will necessitate an increase in the import of iron ore mix.The initiation of the auction process was delayed till the latter half ...
Art Collectors Splurge on Trophy Works at Auctions  The Wall Street JournalCollectors jostled at the high end of the market during the New York auctions, smashing record prices for more than four dozen artists, including Claude Monet ...
Pro Kabaddi League: A look back at the Top 4 buys of the Season 1 Auction  SportskeedaSeason 7 of the Pro Kabaddi League (PKL) is set to start from July this year and since the auctions which were held in the month of April, teams have already ...
Selected Western livestock auctions | Livestock Auctions  Capital PressOregon. EUGENE. (Eugene Livestock Auction). May 18. Total Receipts: 768. Comments: Top 50 butcher cows were $68.25. Sheep and goats showed a slight ...
Volume rises at Coonoor tea auctions  BusinessLineA volume of 13.39 lakh kg has been catalogued for Sale No: 21 of Coonoor Tea Trade Association scheduled for Thursday and Friday.This is as much as 2.35 ...
Coal India to increase auction offering by 14% in FY20  Economic TimesIt is expected to bring down premiums in the auctions market and offer respite to independent power, cement, sponge iron companies among others that depend ...
National Auction Market Preview - 26 May  CoreLogic Property NewsThis week, all of the busiest suburbs for auctions are in Victoria. Topping the list with 21 homes scheduled for auction is Reservoir, followed by Bentleigh and ...
IRS to auction off hundreds of gold, silver coins seized from tax evader  Fox BusinessThe IRS is set to auction off some valuable assets this week that were seized from a person who failed to pay taxes to the agency over a number of years, ...
Formula One Collectible Token Auction Begins  ICO Examiner NewsThe first official Formula 1® non-fungible token (NFT) collectible has gone on auction through F1DeltaTime, the Animoca Brands' Ethereum blockch.
BLACK FRIDAY AUCTIONS - Ad from 2019-05-26 | Ads  STLtoday.comBLACK FRIDAY AUCTIONS - Ad from 2019-05-26: Top of St. Louis MET Restaurant Closing! Walk-ins, ovens, dishes and ban...
Woman, kids allege attack by evictor who bought land in auction  Mathrubhumi EnglishSchool bus inspection: 36 vehicles in Kozhikode unfit for *service*. Read More. Pattikkad: A women and her two children were injured in a melee after a man who ...
Sotheby's to hold 'Important Judaica' auction  The Jerusalem PostSotheby's, the international broker of fine art, jewelry and collectibles will hold an auction titled "Important Judaica" on June 5.
American Artist Jeff Koons' "Rabbit" Sculpture Auctions For A Record $91 Million  DOGOnewsOn Wednesday, May 15, 2019, an anonymous buyer paid slightly over $91 million to acquire American artist Jeff Koons' "Rabbit" sculpture at Christie's Post War ...
Adani Green Energy, ReNew Power only bidders in hybrid auction  Economic TimesRenew Power and Adani Green Energy made techno-commercial bids for 300 MW and 600 MW, respectively, people close to the development said.
Auction of private meal with Warren Buffett starts Sunday  Fox BusinessBillionaire Warren Buffett is again auctioning off a private lunch to raise money for a California homeless charity.
Cottage in Sydney's Lilyfield soars $105,000 above reserve at auction for $1,545,000  Domain NewsBuyers made spirited bidding at auctions across the city, after an upbeat week of property news that appears to have shifted sentiment.
Spectrum auction need to be commenced for 5G roll out: Tech Mahindra  Economic TimesThe Department of Telecomm need to commence the auction of 5G spectrum in India as the regulators in some countries have already formulated policies and ...
GEMFIELDS BREAKS OWN RECORD IN LATEST EMERALD AUCTION - israeli diamond  newsEmerald miner Gemfields raked in $22.4 million at its Singapore auction of higher quality emeralds from its Kagem mine in Zambia (May 14-17)
Watch: Kurt Cobain's cardigan and Tupac's poetry up for auction  Euronews EnglishThe Nirvana frontman's cardigan, worn for an In Utero photo shoot, is expected to fetch $120000.
Online Auction Platform Dropit Combines The Excitement Of Gaming With Retail  ForbesDropIt is an online platform for 60-second reverse auctions, where prices start high and ratchet lower in one second increments. Founders, co-chief executives ...
Transformation of support system for renewables following introduction of renewable energy auctions in Ukraine  pv magazine InternationalFollowing the adoption of the Law of Ukraine "On the Electricity Market" (the Electricity Market Law) in 2017, which set out the legal framework for the new ...
Production drop hit tea arrivals to Kochi auctions  BusinessLineThe average price realised in dust varieties was Rs 124.36/kg.
Latest Cap-and-Trade Auction Shows Strong Results  Streetsblog CaliforniaThe California Air Resources Board just released the results from the latest – the 15th – joint California-Quebec cap-and-trade auction, and the program seems ...
Turkey Said to Lean on Local Banks to Support Its Debt Auctions  BloombergTurkey is leaning on local banks to buy more government bonds in debt auctions.
Who Were the Breakout Stars of New York’s Spring Art Auctions? We Crunched the Numbers to Find Out  artnet NewsData shows which new entrants to Christie's, Sotheby's, and Phillips contemporary sales sparked the fiercest bidding in New York.
Personalised number plate sells for over £35,000 at DVLA auction, here's why  ExpressLast week there was a *fresh* number plate auction which saw thousands of plates auctioned off. These number plate auctions are incredibly popular and see a ...
Google shares details on how first price auctions in Google Ad Manager will work  Marketing LandIn March, Google announced it will shift to first price auctions for Google Ad Manager, its ad server and publisher exchange, by year end. On Friday, it issued an ...
Women painters take center stage at New York art auctions - Extraordinary recalibration  Economic TimesWith a new record expected for a work by Lee Krasner and another one possible for a Helen Frankenthaler, the appetite for female abstract painters, and women ...
CBRT announces that it will restart 1-week repo auctions  ForexLiveThe auctions were suspended for almost two weeks That said, the lira is continuing to come under some light pressure after a brief recovery as USD/TRY still ...
Brisbane auction market bounces back as agents report confidence spike  Domain NewsAfter a few quiet weeks, the Brisbane auction market picked up this weekend as 99 properties went to auction with a reported clearance rate of 43 per cent.
Functioning Apple-1 with unique accessory lot sells for $471K at auction  9to5MacThe Apple-1 auction went for a final price of $471000. That puts it near the low-end of a range, but still more than other Apple-1s have sold for recently.
GDT hits first dip in 12 auctions  AgrilandThe Global Dairy Trade (GDT) index hit its first decrease in 12 auctions earlier today, bringing with it the first negative result of 2019.
Tata Power Renewable Energy wins Gujarat solar auction  Economic TimesTata Power and state-owned Gujarat Industries Power Company Ltd (GIPCL) were the only bidders who bid for 250MW and 50MW respectively at a tariff of Rs ...
REA O'Connor Murphy Summer Auctions take place at Limerick Strand Hotel  Limerick LeaderTHE FIRST of REA O'Connor Murphy's Summer Auctions took place in The Limerick Strand Hotel, on Wednesday last 22nd May. There were almost 40 lo...
Holland mansion going to auction with no minimum bid required  Detroit Free PressA Holland mansion previously listed as $5.65 million is up for an absolute auction, or no required minimum bid, next month. According to a news release, the ...
Everyday Heroes Kenworth T680 truck auctions for $162,000  Commercial Carrier JournalTruckers Against Trafficking netted $162,000 as a result of the auction of a 2019 Kenworth T680 last week. The Everyday Heroes truck, featuring TAT-themed ...
Harry Potter book on auction for £30,000 despite 'wear and tear'  Metro.co.ukWe've all got one or two Harry Potter books lying around at home. But it might just be worth digging them out after one copy of The Philosopher's Stone was...
'SMS' 1964 Kennedy half dollars high at auctions two weeks apart  Coin WorldThis SMS finish 1964 Kennedy half dollar graded Specimen 67 by Professional Coin Grading *Service* brought $87,187.50 May 12 at a GreatCollections online ...
This Los Angeles County Mansion Will Be Sold At Auction With No Reserve  ForbesA spectacular estate in Diamond Bar Country Estates, the gated enclave located in the San Gabriel Valley of eastern Los Angeles County will be sold by Elite ...
PDEA auctions off shabu to entrap 'users'  manilastandard.netAuthorities used the process of auctioning off the abandoned shipment at the Bureau of Customs to locate the warehouse and identify the possible recipients or ...
Big results: Multimillion-dollar auction sales recorded despite election  Domain NewsIn a weekend of shock federal election results, there were also some surprising outcomes at auctions in capitals across the east coast of Australia. Despite the ...
DoT preparing cabinet note for spectrum auction for new government  ETTelecom.comThe much-awaited spectrum auction will finally happen in the second half of 2019 -- soon after the new government takes over at the Centre.
Are whisky auction prices falling?  Scotchwhisky.comWhisky prices at auction have been rising inexorably in recent years, fuelled by a succession of record-breaking bottles. But there is some evidence of prices ...
Tariff Bids Rise Further In Indian State's Solar Power Auction  CleanTechnicaTariff bids by project developers continued to rise in Indian auctions, with several major developers avoiding large-scale auctions. The Solar Energy Corporation ...
Gujarat Auctions 700 MW of Solar Capacity, Engie Quotes Lowest Tariff of ₹2.65/kWh  Mercom IndiaEngie has emerged as the lowest (L1) bidder in the auction to award 700 MW of solar photovoltaic (PV) projects conducted by Gujarat Urja Vikas Nigam The ...
Japan vs Korea: Which country's cars have better resale value at auctions in SA?  Wheels24Korean cars are growing in terms of stature, quality and appeal. However South African motorists still prefer Japanese vehicles.
A Monet Sells for $110.7 Million, an Auction High for an Impressionist Work  The New York TimesAfter eight minutes of heated competition, Claude Monet's 1890 painting “Meules” sold for $110.7 million on Tuesday, an auction high for the artist and the most ...
Meet the Data-Obsessed Collector Tracking Whiskies Going for Millions on the Auction Block  FortuneThere are three types of buyers for the world's rarest Scotch whiskies: drinkers, collectors, and investors. Andy Simpson is all three. “Today's collectors provide ...
Google outlines move to first-price auction for Ad Manager  The DrumIn March, Google announced it will be moving to a first-price auction model for its publisher exchange and ad server Google Ad Manager by the end of 2019.
The New York Day Sales: Highlights from a Week of Modern and Contemporary Auctions -  ARTnewsNew records were set for Mickalene Thomas, Amy Sherald, Ed Clark, Rashid Johnson, Kevin Beasley, and many more.
5G likely to mess with weather forecasts, but FCC auctions spectrum anyway  Ars TechnicaA US Navy memo warns that 5G mobile networks are likely to interfere with weather satellites, and senators are urging the Federal Communications ...
This Rolex Auction Features 13 Super-Collectible Daytona Watches  Esquire.comBob's Watches and Sotheby's have teamed up on a huge Rolex Daytona auction. It features 13 collectible timepieces, from a "Big Red" reference 6265 to a 1947 ...
John Lennon-Owned, Beatles-Signed ‘Butcher Cover’ LP Sells for $234,000 at Auction  Rolling StoneA John Lennon-owned copy of the Beatles' infamous “butcher cover” version of Yesterday and Today, autographed by three members of the Fab Four, sold for ...
Ex-president Mugabe auctions off farm equipments  africanewsAn advertsment by Ruby Auction in Zimbabwe let the cat out of the bag, making pubic plans that that former president Mugabe is auctioning off five combine ...
Property auctions are about to skyrocket, here’s why  Yahoo FinanceWith the election over and policies now clear, our property market is about to change.
NDDOT to add online vehicle auctions  KFYR-TVThe North Dakota Department of Transportation auctions vehicles it can no longer use and now the DOT says it's putting vehicle bids online as well.
Kurt Cobain's dirty paper plate sells for $22400 at auction: 'This is a piece of history'  Page SixKurt Cobain's dirty paper plate was sold at auction for $22400.
A Shelby, a Bel Air and a sweet ’51 Mercury are on the auction block in the Tri-Cities  Tri-City HeraldMusser Bros. auction business in Pasco plans its first Bob Carter memorial auction Saturday at the airport featuring a 1951 Mercury, a restored Shelby ...
Miami tech billionaire’s taking his Coral Gables estate to auction  The Real DealMiami technology billionaire Manny Medina is going straight to auction with his Gables Estates mansion.
Fish auctions on FB Live? Yes, it's a thing in Malaysia and thousands are hooked | Malaysia  Malay MailTogether with a few partners, Audrey Goo started MyFishMan which is an online seafood delivery *service*. — Picture by Choo Choy May. KUALA LUMPUR, May ...
Wheels: The ins and outs of auto auctions  Conway Daily SunCar auctions are all the rage lately. Once the bastion of the car dealer, auctions have become mainstream, thanks in no small part to the internet. Of course, eBay ...
Turkish Treasury borrows $1.75B through auctions  Anadolu AgencyANKARA. The Turkish Treasury borrowed some 10.7 billion Turkish liras ($1.75 billion) from domestic markets, according to an official statement Monday.
These designer bags could fetch more than £120,000 at upcoming Christie's auction  Daily MailRare Hermès and Chanel bags that will be presented during a London auction by Christie's in June are set to fetch £100000, but according to an expert, some ...
Kurt Cobain's pizza plate sold for $22400. Here's more celebrity garbage that sold for big money.  CNBCWhile it's true that many celebrity artifacts that make it to Sotheby's or Christie's are more valuable in their pristine, flawless condition, it's also true that some ...
KERC Asks State Agencies to Halt New Solar Tenders and Auctions in Karnataka  Mercom IndiaKarnataka, India's top state in terms of installed solar capacity, is looking to stop the tender and auction process for large-scale ground-mounted Karnataka, ...
RBI’s Forex Swap Auctions And The Law Of Unintended Consequences  BloombergQuintThe Reserve Bank of India has now gone through two rounds of forex swap auctions to infuse liquidity into the domestic markets. Over the auctions—conducted ...
Auction set for contents of namesake for Shoreway's Westinghouse curve  Crain's Cleveland BusinessThe sale of the Westinghouse complex on West 58th Street in Cleveland may be looming closer as an auctioneer sells off the equipment of its longtime occupant ...
Lawrence of Arabia gifts to family will be sold at auction  Oxford MailPRIZED personal belongings of Lawrence of Arabia are expected to fetch thousands of pounds at auction.
5 Lots That Will Make or Break the Upcoming New York Auctions  ArtsyNext week, billions of dollars of art will be up for sale at New York City auction houses, and the performance of top lots will set the tone for the art market for the ...
Auction with a difference  Wairarapa Times Age8:00 AM Saturday May 25, 2019. Auction with a difference. The police presence for today's auction. PHOTOS/STEVE RENDLE. Today is one of the more ...
CarWave expands online auction platform beyond California  Automotive NewsCarWave may not be novel, but its apparent success in the online auction business shows there's a thirst for digital auctions.
National Auction Market Preview - 12 May  CoreLogic Property NewsMount Waverley in Melbourne is the busiest suburb for auctions this week, with 10 homes scheduled to go under the hammer. Following on from Mount ...
Nearly 800 MW of Solar Projects Tendered But No Auctions in April 2019  Mercom IndiaThere was not a single solar auction conducted in the month of April 2019. This is a new low for the domestic sector, but the inactivity is due to the Compared to ...
Prized Indian art trove abroad up for auction early next month  Times of IndiaCelebrated artist Bhupen Khakhar's iconic 'coming out' painting, 'Two Men in Benares' (1982), will be auctioned by Sotheby's in London early next mont.
India's Gujarat Allocates 745 Megawatts In Undersubscribed Wind Auction  CleanTechnicaMay 16th, 2019 by Saurabh. The Indian state of Gujarat recently completed a wind energy auction, the second for the state since wind energy auctions began in ...
Huge Derbyshire home with over 30 bedrooms sells at auction - here’s how much for  Derbyshire LiveA former care home in Derbyshire that has been empty ever since it closed down three years ago has been sold at auction. The former Glebe Residential Home, ...
National Auction Market Preview - 5 May  CoreLogic Property NewsAll of the busiest suburbs for auctions this week are in Victoria, with Reservoir topping the list with 16 homes set to go under the hammer, followed by Coburg ...
Collection of 3 Shelby Cobras sold for millions at auction  Fox NewsA trio of Shelby Cobras sold for a combined $7 million this past weekend. The cars were from the estate of noted collector Steven Juliano, who died from ...
After Two Scrapped Auctions, Gujarat's 700 MW Solar Tender Undersubscribed by 100 MW  Mercom IndiaThe tender floated by Gujarat Urja Vikas Nigam Limited (GUVNL) for 700 MW of solar photovoltaic (PV) projects under Phase III of Raghanesda Solar Park has ...
In post-auction regime, production in new mineral blocks fails to take off  Business StandardThe transparent allocation of mineral resources through auctions after the promulgation of the amended Mines and Minerals (Development & Regulation) Act, ...
A ‘Big Healey’ Launches Sotheby’s Online Collector Car Auction  Barron'sOnline auctions are an excellent way to sell classic collector cars, as demonstrated by eBay.com and the startup site BringATrailer.com, founded in 2007. EBay's ...
Rare Dodo Skeleton May Fetch Over $700K at Auction  Live ScienceYou may have heard of the hapless dodo — an endearingly squat, toddler-size flightless bird — that was driven to extinction in the late 1600s and hasn't been ...
Oil exec scores Coral Gables estate for huge discount at auction  The Real DealA Coral Gables waterfront estate once listed for $68 million sold for $25.5 million at auction, marking a 62.5 percent discount off the original asking price.
Google’s Move To First-Price Auctions Will Likely Put A Dent In Header Bidding  AdExchanger“The Sell Sider” is a column written for the sell side of the digital media community. Today's column is written by Jean-François Bernard, co-founder and chief ...
AG: At least 115 victims defrauded of $1.04 million by Freeville auction house  Ithaca JournalDavid Hall, owner of National Book Auctions, was arrested on a felony second-degree grand larceny charge in November.

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