Sunday, October 6, 2013
Products To Sell on eBay And Where To Get Them
In this chapter of Ebay, we’re going to cover what to sell and where to get the stuff from. This is where things get real exciting. Well, at least for me it was. I’m not going to lie to you. After you’ve dug up all the things around your house to sell, finding things to hock on Ebay is not easy. Actually, it is the toughest part of this whole business and the one thing that either makes people drop out of not even start in the first place. But I have to tell you, and I can’t stress this enough, if you don’t have the intestinal fortitude to get through this part then you’re not going to cut it for selling on Ebay. That’s just the cold hard facts. So if this is something that you REALLY want to do, then suck it up and go out there and find things to sell. How? You simply have to know where to look. What that comes down to is finding a good supplier. They’re out there. You just have to find them. In some cases, if you want to sell certain items that you feel are very hot, you might have to think outside of the box to get your hands on them. Nobody is just going to send a package to your door. You have to go out and get your hands dirty.One killer way of getting your hands on great products is to go right to the people selling them on Ebay. The powersellers usually have a ton ofproduct and will be more than happy to sell you some at slightly more than wholesale. So while you may not make as much as with a product you bought at wholesale, you can still make a profit. For example, let’s say that there is thisproduct that you can get for wholesale for $10 a piece and sell for $15 a piece. Buying and selling 100 of these, you would make a net profit of $500. Now, let’s say that a powerseller is willing to sell you these 100 items for $12 a piece. If you still turned around and sold them for $15 a piece you’d still make a net profit of $300. This is not as much as you would have made, but without making this deal, you’d be out the $300 you did make. This is called thinking outside the box and getting creative. It’s just one of the many ways you can do this. Yes, you can even go to yourcompetition and make money. They probably, as a powerseller, had 1000 of these items, so selling them at $12 a piece still made them $200, or maybe more as you don’t really know if they had to pay the $10 wholesale price. If they purchased enough product, they might have gotten it for $9 a piece. That’s the beauty of wholesaling. Believe it or not, there are always people higher and lower in the food chain than you are. In our next chapter, we’re going to continue with a couple of terms, OPP and OPM, which is Other People’sProducts and Other People’s Money. These are important concepts to understand if you are going to be a successful Ebay seller.
Alex Gyulev
Socialdeals911
eBay Business Success Tips
In this chapter of Ebay, I’m going to cover some of my do’s and don’ts when it comes to this business. Ignoring any of these tips can mean serious consequences for you and your business. Buying Too Much – This is one of the most common mistakes that people make. They are so anxious to get their Ebay business off the ground quickly, and they’re so optimistic about making tons of money, they buy more product than they could possibly sell. And if the product they bought has no market, they are out an awful lot of money. So start conservatively. Once you see that you’re making a few sales, you can always buy more. Don’t Guess – This is another big problem. Lots of people will see the next new hot item come out and figure that they can sell it on Ebayfor X number of dollars. They do no research on this whatsoever. Not only don’t they know if the item will sell for X number of dollars, they don’t even know if the item will sell at all. So don’t guess. Base your game plan on research. Taking It Seriously – This is actually a problem with all home businesses. Some people treat selling on Ebay as a hobby. Well, if you treat it like ahobby, you’re going to get a hobbyincome, if you get any income at all. Plus, if you don’t treat this business seriously, you can find yourself in a lot of trouble beyond just the amount of money we make. Fraud – This is something so many people try to get away with. I can’t even count the number of items selling on Ebay that claim to be an original whatever. There is more fraud going on at Ebay than you can possibly imagine. Do NOT stoop to that level. Make sure everything you sell is authentic, or if it is a knockoff, be up front about it an tell people that it is not an original. Separate Accounts – Whatever accounts you have right now, get a separate bank and PayPal account specifically for selling on Ebay. The reason is because you’re going to be doing a lot of business and you want to be able to keep accurate recordsfor tax purposes and just for keeping in contact with your customers should there be any problems like disputed charges. Having separate accounts makes doing this a lot easier. Get A Digital Camera – You are going to be taking a lot of photos soinvest in a good digital camera. The better your photos are, the more sales you will make.Yes, they are THAT important. Set Up A Home Office – You want a place to work where you’re not disturbed. If you live alone, this isn’t as important. But if you have a bunch of screaming kids in the house, a home office is a must. Get A Partner – This isn’t a must, but it’s a suggestion. If you get a partner, you can divide the work between the two of you. As you do more business, this will become very important. In our next chapter, we’re going to cover just what to sell and where to get the stuff from. This is where it gets exciting.
Alex Gyulev
Socialdeals911
Setting Up On Ebay
In this chapter of Ebay, we’re going to get right into what you will need to know in order to set up and run a simple business on Ebay. Hopefully, after reading this whole series, you’ll be able to do just that. Let’s get one thing out of the way. The reason that Ebay works is because thenumber of people who are willing to do what is necessary to succeed on Ebay is relatively small. So if you have what it takes and don’t mind hard work, this just may be for you. While this series is not going to make you what they call a powerseller overnight, it will provide you with the foundation that you will need should you want to take your Ebay selling to the next level. There are people making $10,000 a week and more selling on Ebay. There is no reason you can’t be one of them. Okay the first thing you have to do is get registered with Ebay if you haven’t already done that. Simply go to ebay.com to get started. After youregister, go through themembers area so you know your way around. Ebay can be a virtual maze, so make sure you know where everything is. The next thing we’re going to do is start small. Yeah, I know, you want to go contact a drop shipper and sell millions of dollars worth of product in a minute. Do yourself a favor. Look around your house first and see if there is anything laying around that you can sell. That’s how most people start and that’s how I want you to start in order to get your feet wet. After you do that, read this entire series. You’re probably wondering why I’m having you get items to sell before you even know what to do with them. I’ll tell you why in plain English. Many people, after they learn how to do something, feel that it’s something that they can’t do. It’s just human nature. We’re so afraid of failing. This way, having already put in all that time to find sections to sell, you’re going to be more likely to follow through because you don’t want all that hard work to go to waste. That’s also human nature. Once we start something, no matter how hard or even futile, we just can’t seem to stop, even when we realize how impossible what we’re trying to do is. Well, Ebay isn’t close to being impossible. It’s really very easy. You’re going to have to take photos of all the things that you are planning to sell. Photos are big with Ebay sales. No photo basically means no sale, no matter what it is. In our next chapter of this series, we’re going to pick up with some things that you should and shouldn’t do. This will be a checklist of some of my personal hot topics. Ignore them at your own risk.
Alex Gyulev
Socialdeals911
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