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Ebay Home Business - Sell Better Than The Pros

Find Ideas & Reviews When It Comes To Creating An Ebay Home Business

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eBay Home Business

Posted in October 19th, 2009

Welcome to our website. Here you will be able to find companies of all
types who can help you create an eBay Home Business. With a wide
variety of choices, here at eBay Home Business we can help. The economy
isn't getting any better and it wont for a ling time.

So read on and get some ideas.

Make Money on eBay with an eBay Home Business

Can The Little Guy Still Make Money on eBay?

I get this question a lot and it has three answers: "Yes," "no" and
"maybe." Let's see which one applies to you.

There is no doubt that it is much harder for the individual operating
out of their home to make money on eBay today than it was even a couple
of years ago. When I started on eBay in 1999, eBay was a license to
print money. A little guy (or gal) like your or me could sell almost
anything and make money. As far as finding merchandise to sell you
could source garage sales or buy surplus and overstocked products from
hundreds of dealers. Today, however, many of those same dealers that
use to sell to me, are now selling the same items on eBay at the same
price they used to sell to me.

There are still some overstock dealers who can supply product, but they
are fewer. There is also much more competition on eBay today than in
past years. Today there are over 1000 large companies with employees,
warehouses and sophisticated distribution systems competing for the
eBay bidder. In addition to the independent large power sellers there
are companies such as Disney, Lands End, Bloomingdales Department Store
and many others who either list directly on eBay or have hired
companies to sell their merchandise for them under another name.
Three Strategies to Make Money on eBay

So what is the little guy to do? There are three basic strategies to
succeeding on eBay today. There may be more -but I know these three
work, because I have done them and in fact still do them.
Make Money on eBay by Selling Used Goods

The first strategy is to sell used goods including antiques and
collectibles. The market for any type of used goods on eBay will always
be the purview of the smaller seller. The difficulty of sourcing
merchandise makes this a difficult area for large companies. At the
higher end of the used market are art, antiques, collectibles and rare
books. If you have some knowledge and experience in this field, it is
very easy to enter. My wife and I had a small antiques shop before we
started selling on eBay, so we knew what was valuable, what the values
of items were and where to find them. I can walk into any small town
auction in America on any weekend and buy several items that I can turn
around and sell on eBay the following week and double my money or more.
In fact we still do this occasionally. About a month before I was
writing this article, we attended a small town auction in Mt. Vernon,
Washington. I bought a box of 1950s vintage advertising tins as a lot
for $175.

I broke up the lot and sold the pieces individually on eBay over a
14-day period for over $400 total before eBay and PayPal fees. There
were some other advertising pieces selling at the same auction that I
did not bid on. They were very clever fakes -repros as they are known
in the trade. The point of telling you this is that I could spot them
but you might not be able to unless you had the knowledge and
experience. The lesson here is that you don't want to go into an area
you know nothing about. But if you do have experience in any specific
area of art, antiques, collectibles, stamps, coins, or rare books, then
this is a perfect -and fairly easy, way to build a profitable eBay
business.

You don't have to work in antiques and collectibles. There are plenty
of other used goods that sell on eBay. In my book, The Complete eBay
Marketing System, I list all sorts of areas of used goods that sell on
eBay. They vary from clothing to books, to small appliances, sporting
goods and the list goes on. I won't take the time to go into it here
-it would make this article too long, but The Complete eBay Marketing
System goes into great detail on how to select used items to sell, how
and where to source them and how to sell them.
Make Money on eBay with a Niche Market

The next strategy for making money on eBay is to develop a small
specialized niche market. This is in fact what most of the successful
eBay sellers do. I often get emails from eBay newbies asking me where
they can buy DVDs, plasma TVs, Digital Cameras, iPods and other popular
consumer electronic products. I suggest you forget trying to sell any
popular mass consumer product. These fields are very crowded, highly
competitive and dominated by many large sellers with resources and
access to sources that the average person cannot duplicate unless you
have thousands or even hundreds of thousands of dollars to invest. Do
you really think you can compete on eBay with Best Buy or Circuit City?

A niche is a small specialized product category that a small seller can
play in. I currently sell in several niches on eBay. One product I sell
is a line of high-priced wood burning firepits. I do have some
competitors, but not that many and I think I do a better job of selling
them. The price point of $227 is a high average selling price, so I
don't have to sell hundreds of items to make money. They are drop
shipped direct from the manufacturer so I am not paying a middleman and
the market for these products has been steady now for over two years.
You can see my firepit auctions by clicking here. After looking at
these you can link to my other auctions and see the other niche product
categories we sell.

If you go to the Free Articles page on the Skip McGrath web site I have
a couple of articles about niche marketing that are worth reading if
this strategy interests you. In both The Complete eBay Marketing System
and The Wholesale Buying System, I cover how and where to find
wholesale sources for your niche products.
Make Money on eBay with Consignment Selling

The last strategy I want to point out for making money with eBay is
consignment selling. I like to call this the perfect eBay business: No
upfront investment in products, no inventory, high profits and minimal
expenses. Once you qualify you can register as an eBay Trading
Assistant and eBay will help you promote your business for free.

Once you know how to sell on eBay, it is pretty easy to find people who
have goods to sell. My strategy uses low cost targeted advertising. I
spend less than $40 a month and can end up some months with over
$10,000 or more worth of merchandise to sell .

The trick to being successful in the eBay consignment business is in
learning how to market your services, learning what type of merchandise
to sell -and which to reject and how to control your fees. All of this
is laid out in my best-selling book, How To Start & Run an eBay
Consignment Business, published in early 2006 by McGraw Hill Publishing
Co. The book includes all of the advertisements, forms, contracts and
resources you need to start and run a profitable eBay consignment
business.

So back to the original question: Can the little guy still make money
on eBay? The answer is "yes" if you apply some of the strategies and
techniques I outlined here and if you take the time to learn the skills
you will need. The answer is "maybe" if you try some other techniques
or just stumble around trying to learn as you go. And the answer is
probably "no" if you try and compete with the big boys unless you have
the financial resources and business experience to actually build a
large consumer products business.

Comments are closed on eBay Home Business.
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