[Skip Header] Friend Requests Messages Notifications HomeProfile Account(more) [End of Header]

How To Get Rich Off Ebay

by Joz Joneda on February 16, 2011
How to Get Rich off Ebay

If you haven’t heard of eBay that you must be living under a rock! eBay is one of the top places to buy and sell goods. It is an online auction place and is easy to use. Of course we are talking about tangible items that need to be shipped and can’t be downloaded.

A person that uses eBay will typically place their item up for bid and then select a winning bidder. They will then send the item by physically packaging and shipping the item. So you must be willing to pack and ship items. It may be in your best interest as you could earn thousands of dollars each month through eBay.

I have provided tips on how you can utilize eBay to its fullest extent while avoiding any scams. (Remember the guy who bought a Hummer on eBay and was scammed? What was he thinking???)


Create your store on eBay…
The easiest and most lucrative way to sell items on eBay is to work through both wholesalers and regular retail clients like your next door neighbor. You essentially purchase items at the wholesale price. This allows you to sell the items to other wholesalers and also typical eBay customers like your neighbor.

eBay makes it easy for you to set up shop. The user interface is simple to use and has a significant amount of features to help you improve sales.

 


Following are the tasks you need to complete to secure your storefront on eBay:


1. Begin by opening your browser and going to http://pages.eBay.com/sellmore

2. Click on “Open Store Now”

3. eBay will ask you a series of questions regarding your eBay storefront. For example, they will request your credit card number, checking account number, and your method of fee payment on their system.

4. There are different features levels you choose from. Determine which level you prefer to complete the account registration.

5. You will be assigned a domain name that is along the lines of www.stores.eBay.com/yourstorename.

6. Take time to check out the design and selling features of your eBay website.

7. Go to “My eBay” and select “Sell”. eBay provides an easy tutorial to demonstrate how to sell your products through their system.

There are tons of great seller templates to choose from. Plus, check out the Turbo Lister tool. The Turbo Lister enables you to automatically re-list your eBook continuously.

Make sure to create an Autoresponder email address so you can follow up on any orders of your products and/or send a link to download your eBook. You can also offer the option of downloading your eBook through a link that you create on your website. You can instruct Paypal to send people to this download link once they have completed payment. Don’t forget to place your killer sales letter in all your listings.

8. Start making money on eBay !!!

Wholesalers…which ones should you use?...
Working through wholesalers can save you manual labor. However, you need to find reputable wholesalers to do business with on eBay. This is especially true because there are a number of scams out there ready to knock your business off its perch.

 

First let’s look at reputable wholesalers that you can do business with on eBay:

 


1. NAWCA – This is a top notch wholesaler formed by wholesalers and is well respected by eBay sellers. NAWCA stands for North American Wholesale Co-Op Association. They have can drop-ship over 100,000 products to you through their 2,000 distributors.


2. Worldwide Brands – This is a well respected direct supplier. They have over 4,000 products and will provide drop-ship services. They will ship directly to your customers which allows you to avoid keeping items in your own inventory. Worldwide Brands is a member of the Better Business Bureau and is also the only eBay Certified Solution Provider.


3. Tech Data – Looking for electronics? This is the wholesaler to use as they have electronic distribution centers spread across the United States.


4. Avus – This United States wholesaler yields over $1 billion dollars.


5. Ingram Micro – This wholesaler provides awesome pricing and are a respected wholesaler. They are the second largest electronics distributor on the planet.


6. Allied Electronics – This wholesaler specializes in electronics and distributes over 135,000 electronics parts.

 

Need more information regarding wholesalers?...
There is a great deal of information regarding wholesalers on the Internet. Following is a list of resources you can use to learn more about wholesalers.

 

1. Export 911 – Useful listing of terms used in the Importing/Exporting business.

2. Uline – A great resource for shipping supplies at a discount.

3. Local Profit – A search engine that is based around wholesale.

4. eBay Discussion Boards – Learn everything you need to know about eBay and wholesalers here.

5. DROP SHIPPING SERVICES: Drop Shipping is when you sell products through the Internet and the orders are sent through a drop ship supplier who sends the product directly to the buyer. Basically, the drop ship supplier ships the items directly to the buyer so you don't have to worry about warehousing products. The drop ship supplier will charge a fee, but you can make that difference up in your selling price. This can be a lucrative business because

0 Comments