eBay Auction Selling - Make Money Online » ebay selling

Best Selling Items on Ebay

Steve — Thu, 17 Jun 2010 20:29:18 +0000

Auction profits. Were you aware that eBay, the online auction service, is growing on a daily basis? eBay is the perfect place to sell all manner of items and earn a few dollars extra income. This article will guide you through the 5 key ways in which to earn more money through an online auction site of this kind.

The key to making money on eBay is to perform some thorough research and to locate several items that you own and are willing to get rid of which you know to be best selling items on eBay and other types of auction websites. Do not waste your time and energy selling items that are not in demand. For this reason, it is essential to perform some research before you start listing items to sell.

Another tip for increasing your profits on eBay relates to determining the price of the starting bid for your item. If you anticipate that you will attract a number of bidders fighting over your product, you may wish to keep the starting bid low. However, if you are under the assumption that you will not see many bidders after this item, you may like to start the bid at a price near to the real cost of the item you are selling.

A further tip for successful eBay auctioning is to create an eye catching, imaginative title for your item listing. Furthermore, it is advisable to write a short description of the item you have chosen to sell so that potential buyers know exactly what your eBay listing entails.

Another tip to ensure that your eBay online auctioning is profitable is categorize your eBay item listing. It is essential that your item falls into the correct category as this way it will be more likely to attract bidders with a genuine interest in your product.

The final step to successful eBay auctioning is to begin your auctions on a Thursday and set them to run for up to ten days. This will allow the eBay auction to run over two weekends, thus creating more interest from potential buyers and hence increasing the profits made.

Wholesale Jewelry Distribution on Ebay

Steve — Sun, 13 Jun 2010 06:12:03 +0000

There are many ways to sell wholesale jewelry on the Internet, but not every method will be successful all the time. That is why it is important to have several alternative distribution channels. The great thing about selling wholesale jewelry online is that setting up your distribution channels does not require a middleman or broker. Before the Internet became a standard means of distribution for wholesale jewelry, the manufacturer had to sell through a broker who then took a cut of the profit in order to deliver the goods to the retailer who then sold to the consumer. As you already know, the Internet has allowed the manufacturer to not only bypass the broker, but can also bypass the retailer and sell directly to the consumer.

This type of wholesale jewelry distribution can be accomplished through several online sources. But the most established source for this type of jewelry sales is Ebay. As many people know, Ebay started out as an online auction house for everything from watches to computers, to stuffed animals, to cars, to houses. And although Ebay is still a means of distribution for these items, they have drastically upgraded their technology since their founding in the mid-1990s.

The thing that has made Ebay a great tool for wholesalers is that you can sell more than one item at a time. That sounds like an obvious statement but it wasn’t so obvious back in the day. In fact, it wasn’t even possible back in the day because Ebay started out with a format that allowed you to sell one item at a time to the highest bidder. This system was okay for individuals looking to sell their one-of-a-kind glass vase collections, but not for the wholesale jewelry professional who needed to move 20,000 jewelry pieces.

Fast forward to today and you can go on Ebay and find thousands of auctions for wholesale jewelry lots in which you don’t have to wait for the highest bidder. Instead the wholesaler can offer the entire lot of jewelry (maybe 100,000 pieces in come cases) for sale immediately without having to wait for the auction to be over. This is one of the many reasons that wholesale jewelry professionals sell (and buy) on Ebay.

What Everyone Should Know About How To Build An eBay Empire

Steve — Thu, 10 Jun 2010 04:03:08 +0000

Ever since eBay started, people have been making money online. Don’t you want to be one of those people? It’s possible. You just need to know some rules in building your own eBay empire. I did not come up with these rules but were given to me by a successful entrepreneur. Let’s review them.

Low feedback? Lower Price

An eBay seller starting out cannot set the same prices as the competition. The amount of feedback you have (none) will steer potential customers away. Why? The seller has not proven themselves yet. How does the customer know they are reliable, that it’s not a scam, or that the seller is not offering a used product when they are advertising it as new? Yes, there is arbitration on eBay but no customer wants to go through the hassle. So instead, they just ignore your offer and move on to your competition. The best thing to do is to lower your price to balance out your low feedback. Aisde from feedback, the next thing customer looks at is the price. With a lower price, a new seller will be able to attract more eyeballs.

Where To Find Suppliers

If you are not just selling stuff in your attic, chances are there are suppliers for the products you want to offer. A great way to find suppliers is through Alibaba.com. Be careful though. Some are scammers. Luckily, there is a forum where suppliers are reviewed. That forum is called “The Wholesale Forums”. Look for suppliers with decent reviews.

Calculate Sales Price

You have the product. You found the supplier. Now it’s time to calculate how much to price your product. First, research how much the product is selling for on eBay. This is of course your competitive research. Next, factor in the seller fees, Paypal fees, and cost of buying each item. Will you still make a profit after adding those fees into the price of each item? If so, is it more, less or about the same as your competitors’ prices? If it’s higher, you better find an another product or a different supplier. If it’s the same, you will need to lower your price by 10-20% because of your little to no feedback. If it’s lower, then put the product on the market and let the money come rolling in.

These are just some rules on creating an eBay empire. All this however is just theory until you put it into practice. The person who puts things into action will always succeed.

3 Ways To Make Money With Ebay

Steve — Mon, 07 Jun 2010 19:35:38 +0000

It’s Summer. The kids are out of school and you may be looking for extra work for them or for yourself. What a better way for both of you to work together and make extra money with ebay? Making money with ebay can be a lot of fun and certainly a learning experience for kids or anyone else who has never worked for their self. There are many who have started legitimate work at home businesses by using ebay. Here are 3 quick and easy ways you can make money on ebay.

Obviously the first way you can make money with ebay is to look around your house for stuff to sell. Chances are real good your sitting on a small fortune and do not know it. Most families are. Of course, the question now becomes do you really want to get rid of it in order to make money? My rule of thumb is that if I haven’t used it in the last 6 months, it goes.

Another way you can make money with ebay is their affiliate program. After you sign up, ebay will pay you for everyone you send to their site. The price per click varies, but if you have a site that is really popular, you can earn some good money this way. The best sites for this are niche specific sites. If you have a site about making wind chimes, then you can expect a lot of visitors who want to buy wind chimes. Just include a link to ebay or include links to live auctions using your affiliate number and you’ll start making some money each time someone uses your site to go to ebay.

Finally, another way you can make money with ebay is to sell other people’s stuff. This is becoming more and more popular with a lot of folks. What you do is advertise that you will sell their unwanted items on ebay. You take a small commission for every product that you list or sell. I prefer a commission for everything I list, but others only take money if they sell an item. There have been many people make money with ebay by starting their own businesses selling other people’s stuff!

Selling Counterfeit Designer Handbags Is Risky Business

Steve — Sun, 06 Jun 2010 23:59:02 +0000

There is no doubt that the market for designer handbags is huge. Every year millions and millions of dollars are spent by people seeking to own part of an image. The image of taste, style, and distinction is exactly what designer manufacturers are selling. Largely speaking, high-end designer handbags are of impeccable quality, durability, and style. Unfortunately, there are many manufacturers that have developed the technology and purchased the same equipment used by the high-end designers in order to reproduce, with remarkable detail, the same high-end designer bags.

Since the companies who are stealing trademarks and profits from the high-end designers are not declaring themselves as such, there is no way for a consumer to know exactly what went into the manufacturing of these designer handbags. The market for “designer replica bags” is legitimate, or least it is legal, bBut the manufacturers who are passing off their rip-off bags as authentic are the problem.

Who’ Cares if I buy a Designer Knock-Off? No One Is getting Hurt, Right

Some consumers simply don’t care if the handbag is authentic so long as it looks to be so. The argument goes, who is being hurt if I buy a fake Louis Vuitton or a fake Hermes bag? Aaside from the obvious profits which are lost by the designers, that is a very good question. Who is being hurt by the manufacturer of these designer knockoff handbags?

The truth is, since these are organizations engaged in criminal activity, we can’t know. There have been suggestions that the knockoff designer handbags market engages in child labor abuses. It has also been suggested that some of the funds generated by counterfeit operations funds terrorism, though I have not found any specific information to confirm that. Without a doubt, the funds are being used to fund criminal.

Gray Market v. Black Market Goods

Even handbags which are authentic can be sold illegally. It is referred to as “gray market goods”. These products are authentic; however, they are not authorized to be sold the way they are being sold. Goods that are stolen or smuggled are sold often on the Internet, sometimes on eBay. Selling great market goods is illegal just as if it is illegal to sell counterfeit goods. It does not matter if the seller knows if the goods were not obtained through licensed channels.

Designer Inspired Handbags

Designer inspired handbags, on the other hand, are copying the general look and feel of the original designer bags but make obvious efforts to ensure that these bags would never be mistaken for the original designer handbag. Selling designer inspired handbags is legal but remember that you are not allowed to mention the name of the designer from which the design is inspired by.

Declaring your Fakes as Fakes

It is also illegal to sell counterfeit goods even if you declare them as such. The reason for this is that if the manufacturer has replicated the logo or other trademarked design features and then in that bag is counterfeit as opposed to “designer inspired”. Even if you tell your buyers that the fake Coach handbag is a fake, you are still engaging in the trafficking of counterfeit goods.

If you are planning or already are selling high-end designer wholesale handbags, it is imperative that you know your sources. Selling counterfeit goods as authentic on eBay will get you banned at best. At worst you could have a visit from the FBI knocking on your door seizing your entire inventory and possibly taking you to jail. This would be a worst-case scenario, but it has happened.

eBay CEO Predicts $2 Billion in iPhone Based Auction Sales

Steve — Fri, 04 Jun 2010 03:18:46 +0000

eBay CEO Predicts $2 Billion in iPhone Based Auction Sales

This week eBay CEO John Donahoe, at the All Things Digital Conference, predicted that during the current fiscal year eBay would generate between $1.5 and $2 billion in sales through the use of the eBay iPhone App. The iPhone application is widely popular with over 10 billion downloads total. Many have questioned the ability to use iPhone Apps as a revenue source but eBay’s bold prediction puts everyone on notice that mobile devices and smart phones have the ability to produce great revenue for a company.

The company generated over $600 million during the last fiscal year from its iPhone App according to Donahoe. Maybe you didn’t realize there was an iPhone App for eBay. Take a look at eBay’s web page specifically promoting the application and providing the needed link to Apple’s App Store: here. Search, Buy, Pay, and Check the status of auctions from either an iPhone or an iPod Touch. Other features include PayPal integration, Alerts, Messages, Live Support, and Feedback.

The Chief Executive also discussed the Digital Wallet while at the conference and his belief that the majority of transactions will be made with a cell phone instead of carrying around a wallet or a purse with credit cards. eBay itself is hoping for a transformation as its transaction company PayPal has outperformed the auction site for a number of years now. Certain categories within eBay have had facelifts to make them more appealing to shoppers including their fashion area. And new features continue to be rolled out like descriptive conditions and seller templates.

eBay Training Event for Chicago Area Sellers

Steve — Thu, 27 May 2010 18:46:36 +0000

eBay Training Event for Chicago Area Sellers

Any and all eBay sellers in the Chicago area should consider a two day training event happening in their hometown this July on the 9th and 10th. Even if you are not from the Chicago area, visiting Chicago in the summer time is a fairly nice trip with the temperature mild in comparison to a place like Dallas Texas, the last eBay on Location event city.

eBay is hosting this event to help part-timers and small business owners increase their eBay business sales and profits. Networking is one of the main attractions as eBay employees, eBay experts, and other sellers in your exact situation will be there sharing what they have learned with one another.

Friday hosts a welcome reception with Saturday July 10th being the main eBay training sessions. Some of the topics include making your customers thrilled with your eBay store and auctions, secrets of selling on eBay, auction vs. fixed priced eBay selling, and utilizing social media sites like Twitter and Facebook to improve your auction sales. These are only a few of the topics to be covered during this full day of training.Small and large classrooms are a part of the event with several live demonstrations. Some of the national instructors include Mike Michalowicz of Obsidian Launch and The Toilet Paper Entrepreneur, Rieva Lesonsky of GrowBiz Media and John Jantsch of Duct Tape Marketing.

There is limited space according to an eBay announcement that was posted mid-way through May on eBay’s website. The price is something you cannot beat at $35.00 for early registrations. The price will increase to $45.00 June 3rd as the event date approaches. Take a look at eBayOnLocationEvents.com for more information about this eBay event, registration, and a similar eBay event being hosted in San Jose in September. You’ve already missed Atlanta and Dallas, don’t miss Chicago and San Jose.

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eBay Adds New Descriptive Conditions for Many Items

Steve — Mon, 17 May 2010 19:17:37 +0000

eBay Adds New Descriptive Conditions for Many Items

Beginning in mid-May many sellers saw new descriptive item conditions when listing items on eBay. These new item condition descriptions are meant to provide buyers with a better understanding of the condition of the item being sold. Many of the conditions are now relevant to the item category, making them much more useful. For example, some electronic devices now provide the condition description of ‘manufacturer refurbished’.

The selection of a condition description is currently optional but beginning July 27th, all new listings will require one of the new condition descriptions. Not only new listings will have the requirement but also re-listings and sell similar auctions will need one of the more descriptive conditions.

eBay is also mapping some existing conditions to new conditions automatically. Certain sub-categories fall under this circumstance, check eBay’s website here for sub-categories that will be automatically mapped. These changes were announced in the 2010 Summer Seller Update along with other changes such as ‘rewarding sellers for great service’ and ‘more profitable selling’.

Small Business Insurance for eBay Sellers Is Too Often Overlooked

Steve — Wed, 12 May 2010 22:14:41 +0000

You have spent your time researching products that sell and wholesale, liquidation or drop-ship sources to obtain them. Whatever business you have decided upon, you cannot forget that it is a business. Home based businesses often neglect the value of small business insurance to protect them from both property losses and liability lawsuits. You shouldn’t neglect this very important aspect of your business.

Notify your current insurance company

Your first step is to notify your personal insurance carrier whether under a homeowner’s or renter’s policy. It might be possible to add a Home Business endorsement to the policy. If they say, “No”, don’t despair. Several companies are able to write home based business policies for less than $1,000 per year, often as low as $500.

Valuing your inventory

Wholesale items are easily valued at invoice, but when liquidation merchandise is being sold, it can be more complicated because the amount you purchased the items for can change drastically every month depending on supply. As a rule of thumb, you should use the same methods for valuing your inventory for insurance purposes as you do for your bookkeeping.

Liability Insurance

Bodily Injury Liability: If you rent a warehouse or storage unit for your inventory, you should have General Liability insurance to cover any accidents that may happen to third parties on your premises. This could include the warehouse staff, cleaning crews, your landlord, or delivery people. Even if you are running your business out of your house, you should carry this insurance.

Products Liability: If you are buying overstock merchandise, you most certainly need Products Liability – you could be held liable for defective merchandise. Don’t think that the original manufacturer will offer you any assistance. If you are buying wholesale or drop shipping, request to be added as additional insured to their Products Liability policy. They should be willing to do so. If not, consider a different source

Media and Advertiser’s Liability: A common exposure faced by eBay sellers is copyright or trademark infringement, unauthorized use of images or logos, and, heaven forbid, claims of counterfeit merchandise trading. These exposures do require special coverage that extends beyond even a standard business insurance policy. To have coverage for these types of claims, you need Media and Advertiser’s Liability insurance. Yes, even one person selling stuff out of their basement can be sued as a publisher, because when you create a page on eBay, which is what you are doing.

Starting an eBay business on a shoestring is hard enough without having to consider yet another expense. The best course of action in the beginning is prevention: don’t use trademarks, images or logos without permission, be careful what you say about the competition, restrict public access to your premises, and publish solid descriptions and disclaimers of liability on your listings. As your business grows, you should consider your small business insurance as one of the many expenses of a successful business.

The checklist of the eBay Seller

Steve — Thu, 06 May 2010 21:02:32 +0000

The checklist of the eBay Seller

To be a successful eBay seller, make sure that you create a checklist and follow it, as selling is a responsibility and you will have to make everything possible to leave your customers satisfied.

Have you found all the information that is available about the items that you are selling? The best thing that you will be able to do in that case is to search internet, by typing the name of the item you will be selling in some of the major search engines.
Are you keeping an eye on the competition? Remember that you must know what all the other sellers are doing and make sure that you will offer a lot better services and prices. That way you will have more customers for sure.
Do you have pictures of all the items that you are selling? Make sure that you will take pictures of all the items that you will be selling. Furthermore, make sure that the pictures will show all the details of the items that you are selling.
Are you sending e-mails to all your buyers? Make sure that you will keep proper communication between you and all your customers. The content of the e-mail must show that you are appreciating the fact that the particular customer is working with you.
Are you checking your mail box? All the potential buyers will contact you seeking information about the products that you are offering, so make sure that you will regularly check the content of your mailbox.
Do you have proper descriptions of all the items that you are selling? Each one of the buyers will want to see some information about all the items that you are selling, so make sure that you will include a detailed description of the items available to you.
Are you wrapping the items properly? Make sure that you will do everything possible to wrap the items that you are selling properly, because that way you will leave good impression to all your customers. Furthermore, you will reduce the chances of any damage to occur to the item during the shipping.
Are you following up? After you had sent the item, make sure that you will spend some time contacting the customer, because that way you will see if everything is fine with the shipment and also if the customer have any complaints about the item that you had sold.

The main thing that you need to learn if you are willing to become a very good eBay seller is to make sure that you spend as much time possible providing good customer service. If you make that happen you will see that almost all your customers will be returning to you and you will be able to make a lot of income. Remember that you must be honest and polite to all your customers, because you want to show them that you are a reliable, which will improve your reputation dramatically.

eBay Auction Selling - Make Money Online » ebay selling

Best Selling Items on Ebay

Related Posts:

Wholesale Jewelry Distribution on Ebay

Related Posts:

What Everyone Should Know About How To Build An eBay Empire

Low feedback? Lower Price

Where To Find Suppliers

Calculate Sales Price

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3 Ways To Make Money With Ebay

Related Posts:

Selling Counterfeit Designer Handbags Is Risky Business

Related Posts:

eBay CEO Predicts $2 Billion in iPhone Based Auction Sales

eBay CEO Predicts $2 Billion in iPhone Based Auction Sales

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eBay Training Event for Chicago Area Sellers

eBay Training Event for Chicago Area Sellers

Related Posts:

eBay Adds New Descriptive Conditions for Many Items

eBay Adds New Descriptive Conditions for Many Items

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Small Business Insurance for eBay Sellers Is Too Often Overlooked

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The checklist of the eBay Seller

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