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We've
all heard the success stories about people who
have created an eBay account and struck it
rich. Then there are tales about business
owners who have doubled, tripled and even
quadrupled or more their annual sales using
this online marketplace.
Are these stories true? Or, are they just tall tales?
The stories are absolutely true.
With shoppers and sellers coming from all over
the world, the eBay site is one of the
busiest on the Internet. Millions of
people peruse its pages looking for buys every
day of the week. The variety and quality of
items found through this marketplace are also
amazing. From regular yard sale type
merchandise to brand new collectibles,
electronics, clothing and more, this site is a
shopper's paradise.
The advantages of using eBay as a sole sales
tool or to augment another outlet, such as an
actual storefront, are amazing. The simple
fact of the matter is that no single physical
location can hope to offer the kind of traffic
potential eBay does. Sellers here are
exposed to buyers from all over the world, 24
hours a day. Those doing the selling even
have the option of listing their goods at
auction or setting outright prices. There's
never a reason to feel like it's necessary to
let products go for less than what they're
worth when this site is used. Still, it is important to remember that eBay users generally are looking for a
bargain. Many, however, are more than
willing to pay top dollar for rare or
hard-to-find items.
Getting started with creating an eBay business is actually
rather easy. All that's necessary is a desire to get going,
products to sell and a basic understanding of
a computer and using the Internet. The
overhead is practically nonexistent and
the need to have a store manned by employees
isn't necessary to be a success in this arena.
Business owners and others that wish to
augment income will find eBay is fairly easy to dive into. Whether it's single listings or a full
online store, a little know how about the
site is also important. For example, eBay
functions as a "community." This
means members talk and they share information
about buyers and sellers. Feedback ratings
here are somewhat akin to working with a
Better Business Bureau in a city. If the
reports are good, sales likely will be, too.
If they aren't, it could be time to move on.
Once a shop is set up, potential eBay
entrepreneurs will need to consider such
things as creating listings, handling
customers and money and even shipping
concerns. The name of the game on this site
is customer service. Those who provide it
and do it well tend to thrive. Those who
don't, don't.
To help beginners just starting out with an eBay business,
we'll look at the basics. From setting up shop
and creating listings to advice on handling
customer service, it's all very important if
creating a successful eBay business is the
goal.
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Before
an eBay business can even be considered
seriously, a
person needs to create an account on the
site. Doing this is rather easy and
eBay typically offers instructions that
are clear every step of the way.
Click
below Icon to Create an Free Account,
Business
people have two major options for
creating an account. They can either
join as individuals and list items on an
as-come basis. The other option involves
fully diving in and creating an online
storefront by "renting" space on
a monthly basis. Both have their
advantages.
Many business owners or would be business owners
test the waters as individual account
owners. This, in all honesty, is a great
way to get going. All that's necessary
here is creating a free
account, including user name and
password. No money is exchanged with eBay
until an item is listed for sale.
Choosing an account name or "online
personality" is a very important
step. This moniker will be used to
identify you to potential buyers and even
sellers if you happen to bid on something.
This moniker will also be attached to a
feedback rating that grows or declines as
reputation does.
Once an
account is created, a user is free to
browse items, place bids and even put
items up for sale. The selling process is
a little more involved. We'll get to that
later.
The other option businesses have for
setting up on eBay is the virtual
storefront. Creating an eBay store is
very easy, or can be. The advantage
here is that listings are generally
grouped together in a business owner's own
online storefront. This means buyers who
enjoy one item, might decide to come back
and check out other things for sale by the
same seller. The storefronts make it
easier to find everything a seller has up
for grabs and can provide some advertising
benefits, as well.
The storefront option does come with an
upfront "rental" price. These
stores start at under $20 a month,
generally. Some features might boost the
prices and successful sales can incur
extra fees, but these are generally quite
minimal.
Creating a storefront account requires
that business owners register to be
sellers via eBay, which
means going through the regular
registration process. From there they need
to subscribe to the storefront option.
After that, all that's necessary is to
"stock" the store and begin
promoting items.
The storefront feature enables businesses
to quickly and easily display their
goods, create their own "brand"
online and even boost sales with tools
that come along with this option.
Whether it's an individual account or a
business setup a person wants, the only
way to make money on eBay is to actually
open up shop. From single listings to full
stores, item selection, pricing and other
considerations must come into play here.
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There
is a whole lot of money to be had by those
who do business via eBay. From garage sale
frequenters to purveyors of fine antique
and arts shops, lots of people make lots
of money using this site. Tapping into
this, however, will require a little know
how about setting up shop.
There
are three major considerations that need
to come into play here. These are product
choice, pricing and format for selling
desired.
Products:
The variety and type of products that sell
and sell well on eBay can be a little
amazing. From valuable art that sells for
a top-dollar price to hard-to-find video
game consoles that go for thousands above
their sticker prices, eBay tends to work
like all other shopping locations. Items
that are "hot" or sought after
go quickly, those that aren't might not.
Choosing what kinds of products to
actually put on eBay might take a little
research. It's not a bad idea to consider
what is out there, what seems to sell and
how much it sells for before deciding what
to list and what to leave out.
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Tax)
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Wholesale Consumer Electronic Suppliers Contact Information Lists
Wholesale Video Game Suppliers
CD And DVD Wholesaler List
Pricing:
This is a very important consideration
when placing items for sale on eBay. While
it's true that buyers here are generally
looking for bargains, that doesn't mean
they won't pay over suggested retail or
value for something that's really hot,
hard to find or unusual. Items that can be
found at corner stores easily, likely
should be placed at less than retail to
compensate for shipping fees. It's never a
good idea to let things go for too little
to gain a buzz. Scour the site for pricing
ideas and get a feel for what things tend
to run before listing them. If you sell
household products people can get down the
street for less or that another eBay
seller is offering for a fraction of the
price, you're not likely to get hits on
your sales.
Sale
type: There are a few options to consider
over and above pricing. Items can be sold
in a few different ways. One of the most
popular forms is through the auction
feature that lets buyers determine the
price. This can work out very well in some
cases. This feature does enable setting a
minimum bid, so a loss doesn't have to be
taken. Another option is the "buy it
now" price setting. This put a price
tag on a listing and buyers know they have
to pay this amount or walk away from the
item – just like a regular store. Some
sellers choose to use a combination of the
sales types, depending on what they are
selling in a particular listing and its
value.
Once products, pricing and sales type have
been considered, it's time for an eBay
entrepreneur to begin selling. This will
involve either setting up a virtual shop
or creating individual listings.
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Having
a desired mode of selling set and products
picked out is all fine and well, but no
eBay seller can be successful unless they
actually list their products and drive
traffic to the entries. There are a number
of ways to do this.
The
most important advertisement an item can
have is its actual listing. Whether the
items are sold through eBay storefronts or
listed on their own, the item description
is vital and so is the category listing.
Creating an item description should not be
all that difficult for someone who really
knows what they have. A clear listing that
details the product, its size, features
and any obvious and even not-so-obvious
flaws should be included. It is very
important to fully disclose flaws as they
can come back to haunt later if buyers are
unhappy.
When writing item descriptions, make sure
they are very clear and say what they need
to. They can be very short and to the
point, or sales jargon can be used, as
well. As long as buyers know exactly what
they'll be getting, the listing should be
perfect.
Pictures can say a thousand words and on
eBay they tend to say a whole lot more. It
is a very good idea to invest in a digital
camera for creating eBay sales listings.
The more detailed pictures are of items up
for grabs, the more interest listings seem
to get. Point out the features of
particular sales items using pictures and
even make flaws, such as chips in antique
vases, for example, evident.
Choosing where on the site to list a
particular item is also very important.
This very likely will take a little trial
and error. A signed sword used in a movie
might not capture much attention in the
weapons or swords category, but it just
might in the movie memorabilia area. If a
category chosen doesn’t seem to be
working out, try a different one. It might
take a few times to get this right, but
that isn't all that unusual. The key is to
find the right pigeonhole to attract
people who might want to bid and bid high
or even buy outright.
Beyond listing descriptions and
categories, sellers have other tools at
their disposal to help them ensure their
eBay business takes off. Advertisements,
special placement on the site and other
add on purchases for sale items might be
considered. It also doesn't hurt to
advertise and eBay storefront outside of
eBay.
Getting items up and out for potential
buyers is the first major obstacle to
overcome in creating an eBay business. If
all goes well, customer service skills
will soon be needed.
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In
the eBay-selling world,
customer service is the name
of the game. Sellers that do
what they say they will and
deliver what they promise tend
to get repeat customers and
plenty of new ones, as well.
Sellers that fall flat get
lousy feedback ratings and
might find it nearly
impossible to sell anything on
the site, no matter how high
the demand happens to be for
the item.
So, what is feedback and why
is it so darn important?
The eBay site functions as a
community. This means sellers
and buyers have the right to
share their opinions about
each other with other site
users. This is accomplished
through feedback ratings.
Sellers and buyers both earn
these ratings for how they
handle transactions. When
customer service is high,
ratings tend to be, as well.
To
attain the best ratings, it is
very important for sellers,
especially those that want to
make a business of it, to pay
attention to customer service.
This means doing certain
things along different
milestones of the sales
process.
Starting
out: The first customer
service-related issue comes up
with the individual listings
themselves. They must be clear
and they must be honest. If
they aren't, sellers can say
what was delivered isn't what
was promised. Truthfulness is
the key here.
Once
sales begin: As soon as an
item starts at auction or goes
out into the ether for
outright sale, potential
buyers might come up with
questions. Answer these in a
timely and honest fashion. If
you can't answer a question
about an item, write back and
say so. The eBay site makes it
very easy for buyers and
sellers to communicate. Use
this to your advantage.
After
they end: If all goes well,
your listing will sell at the
end of its appointed time.
Once an auction has ended or
if a straight sale has been
made, what happens next is
very important. Contact the
winner or the buyer and thank
them. Be sure to include
information about expected
payment, how you intend to
ship and when you intend to do
so. Politeness pays off big in
this arena. Carry through on
promises for shipping, as
well.
Follow
up: This isn't necessary, but
it is a nice touch, especially
if repeat business is desired
or anticipated. Once an item
has been paid for and shipped,
check back with the buyer to
thank them again and see if
the package arrived in the
mail.
Feedback
for the buyer: Anyone using
eBay has a feedback rating
attached to their name. Don't
forget to reward good buyers
with high marks and warn
others about those who don't
do as they say with poor
grades.
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Creating
an eBay business is perhaps
one of the quickest, easiest
and most cost-effective ways
to begin selling a host of
products. This site is ideal
for individuals looking to
make a little extra money. It
is also perfect for people
with existing businesses that
want to extend their reach
without breaking their banks.
During the course of business,
some concerns might arise,
however.
For
example, those who truly want
to create an eBay business
will very likely want to keep
track of income and losses.
While eBay itself doesn't
report earnings for individual
sellers to the IRS, there's no
point rocking the boat. People
with actual physical
storefronts can generally
include this information in
the Schedule C forms they
already fill out. Individual
sellers might find they need
to look into using these
forms, as well.
There
are many things to keep track
of if business reporting is
deemed necessary. These
include seller fees, item
costs, inventory expenses and
even shipping and handling
fees if they are not passed on
to the buyer. Other things
such as listing equipment,
like a computer and camera,
might also be deductible,
along with some forms of
advertising. Study up on the
rules to keep taxes in check.
Beyond
taxes, running an eBay
business might raise a few
other issues. Learning to
tackle things such as
shipping, handling and even
dealing with disputes with
customers when they arise will
all likely be quite necessary.
On
the shipping end, it's best to
shop around for the best
prices for supplies and even
mailing. The Postal Service
could be the best route, but
other ground and air carriers
could be more competitive.
Supplies might be more
affordable from a department
or Big Box store than an
actual shipping supply.
When
disputes with customers arise,
eBay tends to fall back on the
feedback system. It is still a
good idea to report extreme
cases to the site, as it is
possible a person's account
might need to be banned.
Creating
an eBay business is a great
way for virtually anyone to
make extra income and even
full-time earnings. Doing so
will require a little know
how. Through experimentation
and a little study and
persistence, this outlet can
be one of the best for
supercharging earning
potential.
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From
above information we have coved
the theory part, Now will do the
actual thing.
It?s
Time to Start Your Business.
Important
!!!!
- Do
this ?..Step by Step
- Complete
One Step at a Time
- When
you have Finish Step 3, You
may already have your
business ready or Waiting
for Quotes/products from all
over the World
Step
1.1
eBay
Link ? Click below to Create an
Account

Step
1.2
PayPal
? For Secured Online
Payments and Invoices (No setup
or cancellation fees)
Benefits,
- To
Purchase Product From Online
Wholesalers
- To
Purchase Product from your
site (for Your Customers) to
Increase Sales
Note:
With Your PayPal
account,
you can create a link (a buy now
link) and send it to your
customers by email. And if your
customers decide to buy that
product they just have to click
that PayPal link on your email
and it will automatically link
to the invoice page for payment.
(Customer does not have to login
to your website to buy products)
This is an extremely useful tool
to have
PayPal Link? Click below to
Create an Account
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Step 2 – Building Your Inventory/Stock List
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Step 2.1: Building Your Inventory – On Budget
(For more Profit!! ….Highly recommended Option 3)
Use garage sales to find new inventory. Once you have sold off all your own junk and are forced to look for new sources, don’t overlook the neighborhood garage sales. Make sure that you study the yard/moving/garage/estate sales section in your local paper the evening prior to your excursion and plan your route so that stops are close to each other.
Visit wealthy neighborhoods first to obtain items with the highest resale value. Next, visit older, well-established neighborhoods to search for collectibles. Arrive at the sales 30 to 45 minutes before the advertised start time if at all possible, so that you can at least scope out the inventory, if not get a jump on the buying frenzy. Bring small bills and loose change as sellers are often not well prepared to provide change. Always be willing to bargain and don’t forget to rummage through the free box.
Do not sell what everyone else is selling or something that you know and love, unless there is a demand for it. Where can you get ideas of things that will sell successfully on eBay? Look in the lifestyle and business sections of newspapers to get into the minds of consumers and look at major stores’ advertisements. Look at magazines to see what niche markets are available and what people interested in these specific areas are buying. Talk to salespeople in malls and other store to find out what is popular right now. There are even trend-spotting websites that can show you what the newest “it” items will be (www.trendwatching.com)
Always keep your eyes on the television and movie industry as new television and movie hits always drive sales of their corresponding merchandise.
You might find some useful information on these Ad’s, Click and check you’ll never know, What the world have to offer for your Business !!!
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Step 2.2: Building Your Inventory – Buying For Wholesale Price |
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Option 1
To get a Wholesale List you can go to my Ad’s on Left and Right side of the page, but it can be a bit expencive, to get a good Wholesale List.
See Option 3
Option 2
To get a Free Wholesaler every week/month fill up the form, bottom of the page (with your Name and Email) Under “Free Newsletter with More Information, Tips and Secrets”
Alternatively, if you cant wait ! Option 3 is the way to go
Option 3
Buy My Wholesaler List for Only Nz$ 15.90/=
- Wholesale list that you need to start your business
- Information that you need ask your Suppliers
- Impotent Tips about dealing with Suppliers ….more
PLUS… You’ll Get…….. Free Bonus
Free Bonus eBook:
Greatest Secrets and Tips for eBay Selling (eBook with 60 pages)
(Most of these method are applicable to boost your Trademe, eBay or any online Business), with over 60pages, its Free, if click buy now.
But Wait !
If you read this far, You must be Serious about starting your online Business,
Therefore, I would like to make you an Offer !
I will give you the same package as above for,
Only Nz$ 7.90/=
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Step 3 – Pricing and Profit |
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Basic Formula to Cover Your Overheads
Actual Cost = Item Cost (NZ$) + Shipping Cost (NZ$) + GST + Duty/Tax + Trademe / eBay sev Charge + Other (add avg 10%)
Selling Price = Actual Cost + Profit Margin (for E.g.: Actual Cost x 20%)
To Figure out the Profit Margin, find a similar Item on Trademe or eBay and Try to Beat it at least by 10% or Give some thing for Free.
For an Example:
Your Import 1
If you decide to buy 100 Pocket Knives for (Actual Cost) Nz$ 100, each will be only Nz $1
Your Import 2
If you decide to buy 5 Cell Phones for (Actual Cost) Nz$ 500, each will be only Nz $100
If another Trademe or eBay Seller selling this same Cell Phone for Nz$ 120
You Can Sell this for the Same Price Nz $120 and include a Free Pocket Knife.
Your Actual Cost will be Nz$ 101/=
Your Profit is Nz $ 19/= each and the most impotently, you have that customers email/details for future products and offers.
Note: you always can send an email with a PayPal link to them with new products and offers
As I discussed earlier, Customer Service is Very Important for Selling Online,
If they happy what they buy from you, 80% of the change they will recommend you to there friends or buy more products form you.
By this time, you should have the following details,
- Trademe Account Details (User name and Password)
- eBay Account Details (User name and Password)
- PayPal Account Details (User name and Password)
- Waiting for Supplier Quotes or you might waiting for products
In the meantime you can continue with Step 2.1 (Building Your Inventory – On Budget)
• Looking for more products and uploading them to your business site
Note: Most of the Ad’s on this page will change every day.. and you might find something you like or a way to improve your business
Most of the items on my wholesale list comes with the actual price on there websites, therefore you can decide immediately and save/get/create some photos/descriptions and keep them ready, so that as soon as you get the products you can upload them on to your Trademe and eBay at the same time.
As soon as you get the products, …..Upload them to your site ASAP
and in no time you will enjoy the Profit !!!
Make sure at least 50% of the profit …must be used to develop you business!!!
The Next Step is very important to get your customers back.
Step 4 – Setting Up Your Personal Webpage
On Trademe or eBay sites,
- There are word limits (max 2000 letters)
- Have to pay extra for additional photos
- On avg only 7 days an auction
- Other limitations
On Your Personal Web Site,
- No word limits
- No Photo limits
- No limitations at all !!!
And also, you always can put your web page address on Trademe / eBay product description field.
For ex: See more details about this product, visit www.mainpagez.com
Step 4.1
Create a Freeparking web Account here (try to get with hosting)
Highly Recommend !!
Step 4.2
Please let me know, when you have completed everything up to Step 4.
I will guide you through to the next level. (Start you webpage, upgrade your business and to get more profit)
Go to Comments and Question sections to send me details
Hope you do Well, Good Luck and All the Best
Please keep me updated!
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