If you want to start a business that doesn’t require any investment on your part and yet let you earn hefty profits, turn your gaze on eBay. Starting an eBay business with no money isn’t a cakewalk but with proper planning and some homework, it’s not a hard job either. In case you are feeling the enthusiasm bubbling within, here’s a look at the steps that will help you get started.
Find Out Products That Sell
Remember that on the internet, everything doesn’t sell. So, spend some time to surf eBay and find out the products that have a high demand. Googling some specific keywords related to products that you are aiming to sell can also help. For example, use keywords like “buy fat loss pills”, “buy martial arts mats” etc in Google to see how many search results are displayed. This will give you an idea of what sells and what doesn’t.
Find A Drop Shipper
After you have decided the products that you will list for sale on eBay, find a drop shipper. In other words, find a company that will stock the products for you till the sale is made. Once the deal is stuck, it will send the goods out to your buyers. This way, you won’t need to invest for inventory, and can do away with worries related to packing the goods and shipping orders. So, let someone else do the work for you while you earn profits to pay your drop shipper and have a chunk left for yourself to enjoy.
Listing Your Goods And Deciding The Price
You will need some money to list your goods on eBay. Ask friends and family members to chip in and promise them to pay as soon as you cross over the break even point. To keep your requirement of up-front capital to the minimum, start small by selling only a few things. You can choose to keep the sales cycle short by making your auctions last for about 3 to 10 days. You can open a PayPal account to accept the payment of items that are sold within a day or two. Many people list the goods at twice the price that they will need to pay their drop shippers and to cover other costs (if any). However, it’s advisable to find the market rate and list your goods accordingly as too high a price may leave the items unsold. So, calculate to find out what amount would bring you profit after the bills are paid and fix the price of your items accordingly.
Lastly, use proper and targeted keywords while listing your goods to ensure that people are able to find them on the internet. So, use these steps to build your eBay business and look forward to enjoying business success.