How can I profit of eBay?

Question

What tips/tricks/hints can people with experience on eBay can you give me before I start my new endever into the eBay world?

Thanks for all the help everyone

Answer 1

There are no tricks or hints, just careful planning and a lot of hard work.

What you've got to have is a product or a service that fits a market niche, such as, for example, buying bottles and other items cheaply at garage sales, and cleaning them and evaluating thier marketability and estimating their market value on e-bay.

But you also need a business plan encompassing all stages of your business cycle from acquisition and maintenance of your inventory through sales, and subsequent reinvestment of a portion of the profits into more stock.

If your basic strategy is purchase and resale, you have to keep track of your expenditures and income, and maintain profit and loss statements.

Inventories must move! It does no good to fill your garage with glass bottles and such that do not sell in a reasonable length of time, for every unsellable item that takes up room in your garage steals the space from inventory that might move.

Use pictures and write short advertising copy that will gain attention. Give up on trying to sell junk that, so it proves, nobody wants. The cheapest e-bay sales inventories come from garage sales, but so does a lot of junk.

Experience, planning, and presistence will work in your favor in the long run.

(When my own garage was too crowded, sometimes I have bought bulky items like furniture, rolls of wire for five dollars paid on the spot with promise to pick them up in three days, and, selling them for fifteen dollars to another purchaser the next day, have had that person to pay me the money and even pick the item up at the original location-- I didn't even have to lift, carry and store it! But it was risky leaving it there.)

Profits are not money for free, because every time a profit is made it takes planning and outlay of cash "gambled" on an uncertain future. And how embarrassing if the original owner, impatient at the item not being picked up, disposed of the item before the second purchaser could pick it up!

Once, delaying pick-up by only one day because my truck was full, I went back the next day to get some very usable glass panels only to learn that the lady's husband, still seeing them take up room in the garage, assumed they had not been sold, broke them up and threw them away.

They refunded my five dollars, but I had to pay several times that amount to get new glass panes for my tomato frames.

Answer 2

very tough as the prices on ebay are getting very wholesale. You must have products that have major margins or the fees will eat you alive. If you do and have good solid products, you should be fine. Be prepared to ship though, it's very time consuming if your not setup. Many trips to the post office, etc... Learn to see what has sold in the past before you try something. This can save you time and money.

Answer 3

Have your carrier pick up packages to save on gas. Use perfect spelling and grammar. Have clean, crisp pictures. Describe very accurately. Be able to incorporate Listing Fees, Upgrade Fees, Final Value Fees, and PayPal fees into your starting price. Be able to sit on inventory for months, as now is a slow time in retail. Buy first so you know how the system works and you build up some feedback.

Answer 4

If you go to this link : http://kristyf.nalroo3.hop.clickbank.net

There is a site there called prospecting on ebay, it teaches you how to make cash.. set up an ebay shop, and market the shop by sending automated ads out to people & Links on to other peoples sites..

Answer 5

no one, no one must have the gall to even attempt to make funds off of the demise of a six-3 hundred and sixty 5 days previous newborn. yet regrettably some do. there are an rather good type of exact sickos in this international.

Answer 6

I have found a number of things to do that make my auctions consistently more successful than those of others.
I have often sold used items for more than others who had the same item brand new, got for it.
It takes some extra work, but I have found it to be worthwhile.
Here is a sample of my auctions
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ih=015&item=250017931857&rd=1&sspagename=STRK%3AMESE%3AIT&rd=1

Answer 7

Sell information that costs you very little to create and can be sold as many times as you can find a buyer.

Answer 8

buy low and sell high
sell what ever you have or business stuffs.
use software to help you get the best price that you want to pay for not more.

sell business without a store.