Three Sure-Fire Ways To Make Money Selling on eBay

The revolution of the internet has bought some fantastic opportunities for entrepreneurs willing to make money online. Perhaps the easiest method of making money on the internet is by selling on eBay. By selling on eBay, there are very few start up costs compared to trying to make money online. You don’t need a domain name, you don’t need hosting, you don’t need to pay for a snazzy website design and you don’t need to pay for any traffic. Selling on eBay is a lucrative business and this article will explain the three easiest and most profitable methods of making money on eBay.

Selling Physical Products

This is the most known method of making money on eBay. It’s not a revolutionary method but it works. There are four ways of sourcing products to sell on eBay for profit.

Sell what you’ve got

Essentially, all you have to do here is sell any unwanted items you have around your house. It is estimated that each house in the US has approximately $1000 worth of unwanted items. You could easily raise a four figure sum by selling these items to fund the other methods of sourcing products.

Sell what others have got

This method of selling on eBay is called consignment selling. It’s where you team up with a friend or family member and sell their stuff and keep a percentage of the final selling price for yourself. If you sell for 5 friends who each have $1000 worth of items and you take 20%, then that’s $1000 profit on your part for not so much work. If you’re lucky, you may have a friend who wants a car selling. You sell it on eBay Motors for a couple of thousand dollars and you take a couple of hundred – easy money!

You can further maximise this method by teaming up with local business. You could find a business in your local town or village that is hoping to sell some extra stock but doesn’t have a clue how, pitch your services to the business owner, negotiate commissions etc and sell the products. The business gets rid of excess stock that it wouldn’t otherwise have sold and you take a nice bit of cash with no initial outlay – it’s a win win situation for both parties.

Sell what you buy at garage sales

Garage sales, car boot sales and flea markets are great for eBay entrepreneurs. If you keep your eyes peeled you can find great bargains, unique antiques and collectibles that you can buy low and sell high on eBay. This method may require a little expertise in some fields to locate highly profitable collectibles but I’m sure even newbies can find a few products that they can easily sell on eBay for profit.

There have been numerous success stories outlined in newspapers of entrepreneurs buying something for 50c and selling it for hundreds or even thousands of dollars on eBay. While I’m not saying you will experience results this good, there is the potential that you will and it’s a product sourcing method that you should seriously consider.

There is a fantastic eBay eBook which explains how you can source products incredibly cheaply at garage sales and sell them for huge profits on online auction sites such as eBay.

http://www.auction-enterprise.com/gss.html

Sell what you buy from wholesalers

This is the most commonly utilised method and can be the most profitable if you find the correct wholesaler or drop shipper. That is the hardest part – finding a profitable and reliable wholesaler or drop shipper.

My friend, Nick, has set up a huge wholesalers and drop shippers directory which contains 75,000 products that you can buy and resell for profit.

http://www.auction-enterprise.com/dropshipwholesalers.html

Sell what you buy from other eBay sellers

It is possible to buy low from eBay sellers and sell high on eBay. This method involves purchasing poorly listed eBay auctions and re-listing them in a more professional manner and commanding a greater selling price.

All you need to do is type a keyword into a misspelled search tool and the tool will automatically generate a list of all the items that have that keyword misspelled.

You then purchase a product cheaply because few people will find the auction due to the misspelling and then you re-list it with the correct spelling and sell it for a greater price.

You can use our on site misspelling tool at http://www.auction-enterprise.com/ebay-search.html

Selling Information Products

This is my favourite method of making money on eBay and one that I have used to great effect. Information product marketing is hot property on the internet right now, and while many may claim that the eBay eBook market is dead – they are wrong because they don’t understand the secret techniques that very few eBay eBook sellers truly understand.

There are a number of ways you can make money selling eBooks:

Sell your own eBooks for high prices

This is perhaps the best method of making money selling eBooks on eBay however it does require a certain amount of dedication.

You need your own info product to sell before you get started on this method. I’m not going to explain in this article the ins and outs of info product creation because entire 100 page eBooks have been dedicated to the subject, but I will outline a few tips.

First, you need to choose a profitable topic. You need to write your product which will help a number of people solve a problem. It could help them to make money, lose weight or cure an illness.

Secondly, you need to write about 20-40 pages of content. Make sure the information will really benefit your reader so that when they buy your eBook, they feel happy with what they have purchased.

Thirdly, you need to get an eBook cover, sales page design and list it on eBay. You can sell it at any price you wish but $10-$30 is probably optimum. You do not grant resale rights for this eBook.

You only need to sell a few copies per day to make a nice secondary income.

To discover how to create your own eBook in 7 days or less then visit the site below.

http://www.auction-enterprise.com/7dayebook.html

Sell your own eBooks for low prices

Using this method you still need to create your own eBook but this time it only needs to be 8-15 pages. You then get an eCover and sales page design and list it on eBay and sell it for 99c to $3 or $4. You grant resale rights with this info product.

With this method you are not profiting from the initial selling price of the eBook but instead from the affiliate links inside the content where you take a commission of each sale you refer. You only take a couple of dollars for the sale, but that customer then potentially spends $100 on another product that you have referred them to and you take an extra $50.

Sell other people’s eBooks

This is the “lazy man’s” method of profiting with eBooks on eBay. You do not create your own eBook, you do not create an eCover and you do not create a sales page.

You can sell other peoples eBooks for a couple of dollars on eBay and make a small profit on each sale. You aren’t making huge profits but they are useful for adding to your eLibrary, building feedback and generating customers to squeeze cash from using the final method of making money on eBay…

Profiting from the Back-end

This is a completely auto-pilot method of making money on eBay and you don’t even have to sell anything on eBay.

It involves squeezing more cash from your auction visitors and customers.

Squeezing cash from your auction traffic

Many eBay sellers do not make use of their auction traffic. Normally, a visitor will look at your auction but not buy anything and you have potentially lost them forever as a customer, however, by utilising the potential of your eBay about me page, you could capture that visitor and market further products to them and you could squeeze hundreds of dollars from that visitor.

You need to create an about me page and include an opt in form so that they can sign up to your newsletter. The whole process works something like this:

Create an about me page – Your about me page should simply be like a squeeze page, where you offer the visitor something in return for them signing up to your newsletter, usually a mini-eBook.

Ad a link in your auctions – Add a link to your about me page which leads to your about me page and explain in your auction that they can get a free eBook.

This way the majority of your auction visitors will sign up for your newsletter and you can further market products to them.

You can also squeeze cash from your auction buyers…

Once a buyer has purchased from you, they are the ideal type of person to market further products or services to. They obviously have a method of paying, i.e. a paypal account and they must trust you in order to buy from you in the first instance.

You should fully utilise the potential of your existing customers. Once they have purchased, email them saying that their product will be shipped very soon and that in the mean time they may like to take a look at an eBook on a similar topic.

It could work something like this:

Hi “Buyer’s Name”

I am emailing you because you recently purchased a set of golf clubs off of me. This is just a quick note to let you know that your golf clubs will be shipped tomorrow morning and that in the meantime you may like to learn exactly how to knock 10 shots off of your handicap in just two weeks.

“Insert link to affiliate product here”

Thanks and please let me know if you have any problems.

The buyer who bought the golf clubs obviously plays golf and may like to learn how to improve their game. You can easily find an affiliate product and send your affiliate link to your customer.

So we’ve reached the end…

I hope I have helped you conjure up a few new ideas to make money selling on eBay and that you utilise some of the methods to explode your eBay profits.

There are many more articles on this website which you can find in the articles section at http://www.auction-enterprise.com/articles.html

You may also like to sign up to our newsletter to discover even more eBay selling tips and grab a huge selection of eBay eBooks for free. Sign up at http://www.auction-enterprise.com/free-ebay-ebooks.html

Thanks and I hope you continue to browse this website.

James Penn
www.auction-enterprise.com

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