Make Money on Ebay
If you are interested in making money selling things on Ebay (or anywhere else online) read my introduction to selling things on Ebay first.
It is not that difficult to make money on ebay. If I have one consistent refrain that would be it. I am going to go into detail about selling on ebay but I really feel like it almost is not necessary. In order to make money on ebay you really only need two things. First you need access to products you can sell on ebay that fetch more than they cost you to obtain and second, you need access to research tools that allow you to ascertain what products are selling well and at what price points they will be profitable. That’s really all you need to know to make money on ebay however there are other people who will tell you otherwise.
I have seen so many scammers who are looking to sell you their make money on ebay guide as if there are some major secrets involved in starting an ebay business. I know that I mention this a lot on this site, but I just really believe that it is true: You do not need access to anybody else’s ebay secrets in order to sell something on ebay. What you do need is access to the top products that are selling for top dollar on ebay and you need to have regular access to these products. What I mean by this is you must be able to repeat your results in order to be profitable in your ebay business. For instance, if you have an ipod around the house and you want to sell it in an ebay auction you can place it for sale, complete the transaction and pocket the cash. However, once you have sold the ipod it is gone and you can not continue to sell it.
To be able to make consistent money on ebay you need to have regular access to top of the line products at prices that are lower than what you can sell them for. How is this accomplished. Again, and you may be tired of hearing this, it is not that difficult. In order to make money on ebay you will need to invest a little money into your ebay business but once you do you will be able to profit regularly.
So let’s look into what you will need to spend in order to make money on ebay. First, realize that in order to make a little money on ebay you don’t need to spend a thing. All you need to do is simply list for sale items that you no longer need or use. It doesn’t take a genius (or even any intelligence) to list an item for sale on ebay and then mail it to the winner of your auction. Like I said, when you run out of things to sell on ebay that you have around the house that is when you need another option and to get that option you need to spend money. For readers of Things to Sell on Ebay I have been recommending SaleHoo (read my review here) as the recommended provider of wholesale sources and research. SaleHoo is a great value. Here’s what you get if you join. You will get access to over 8 million wholesale products. This is how you make money on ebay. You get access to a large variety of wholesale products that you can sell for more than you paid for them and you make it repeatable. That’s why the power sellers take advantage of wholesale sources such as SaleHoo and really the only thing that separates the Hobbyists from the professional power sellers. I can’t stress enough that if you want to make money on ebay, you are going to need to have that regular access to wholesale products. There is simply no substitute.
The other thing that you will need to do in order to make money on ebay is to do research into what markets are hot and what products are fetching price-wise in auctions. I have found that this research is really the key to running a successful ebay business. If you are able to figure out what prices products are fetching you are better able to budget and allocate your resources in order to really start to make money on ebay. Now, in case you think that I am simplifying, let me tell you about how not to make money on ebay. First, remember that if you have intelligence and are willing to put in the time there is no reason why you can’t make money on ebay. However these tips might help you make more money on ebay. First, I would advise that you sell higher dollar items. There is nothing wrong with selling VHS tapes. You can make money on ebay selling VHS tapes, just realize that it takes time to package and ship an item. If you are making $1.50 per VHS tape that you sell you probably have realized that you’ll have to do a good bit of volume in order to make money on ebay which in and of it self is not a problem. So let’s say that you are able to sell 100 VHS tapes a day for a pretty good income of $150 a day. The problem comes when its time to ship all those items. If you do not have a substantial staff you will be spending hours a day packaging all those items for shipping. Even if you have a large staff it will take a lot of resources to handle 100 sales a day on ebay. Therefore, consider selling an item that might make you $150 a sale. It could be any number of things, but realize that you can save yourself a lot of administrative hassle, while still being able to make money on ebay by dealing with larger ticket items.
So, that would be my advice on how to make money on ebay. Find the products, do the research, sell the stuff, and repeat. Like I said, it really isn’t that difficult to make money on ebay if you are smart, willing to invest in your business, and willing to research the market.
