Anyone can make money with ebay, more people are buying products online each year and Ebay is one of the top selling websites around the world.
Ebay is a friendly easy to use website where you can sell and buy any kind of product right away, it’s free to create an account, you will need to give your information like name, email address etc.
This kind of business model was my starting point of making money on the internet, there is no ebay website in Mexico but there is one pretty similar called mercadolibre, thanks to this business I was able to quit my job and have free time to look for other ways of income.
“Never depend on a single income. Make investment to create a second source”
People visit ebay with credit card in hand so if you offer a good product at a good price you will sell it fast. What I mean with offering a good product is try to sell things that people actually are looking for and sell them cheaper than your competition.
Products people want + Prices cheaper than your competition = Fast Earnings
There is a lot of competition on Ebay simply because the sellers don’t have to worry about getting traffic to this site, ebay is well known with an excellent reputation, people go there to buy. Doesn’t matter if you are not on the first page if you offer better prices than the competition they will find you.
There are 2 options to sell on Ebay:
- Auction Listing – People will make bids on your product the highest bid wins, auction listing can last from 1 to 30 days.
- Fixed Price Listing (Buy it Now) – You set the price for you product and you can sell it right away or it can last until you cancel it.
In order to compete with the big sellers you will have to keep your prices lower than them, it will turn in less earnings but you will take some of their potential buyers. After your buyer gets the product he or she can give you a feedback, this is crucial for getting more customers in the future, there is a feedback rating that will appear under your nick name after making 10 sales so you will want to have great feedback rating.
It is all about the customer
If you offer quality products, help when they need it and always tell the truth no matter if is a bad new , you will become trustful so you are going to have happy customers so you are going to sell faster.
There are a lot of competence in this site but if you dig in and spend time on researching to find the right product and investigating your competition you can do great. There are many sellers that make huge money on this site.
Find Merchandise To Sell On Ebay
This is the hardest part if you are hoping on making a full time income from ebay. Because I live in mexico and mercadolibre is the ebay of Latin America I usually buy from ebay.us and sell on mercadolibre but I can give you some ideas of finding a good merchandise to resell.
Online Wholesale Distributors – There are just a few websites where you can find good wholesalers , you have to be very cautious when navigating on the web looking for wholesalers ,there are a lot of scams, if it’s too good to be true it’s a scam for sure, here are some legit ones.
Liquidation – This is a good website to look for retailers wholesales, it’s based on auctions, remember always check out their reputation and feedback before bidding.
Via Trading – One of the best wholesale supply company, they sell pallets of general consumer merchandise, also they organize live events if you want to assist one of them you can check their schedule on their website.
Alibaba – Asian wholesale suppliers, if you are new to this website I recommend buying a small quantity of items, there are many fake suppliers, do a little research on the seller first.
Paid Directories – Here you don’t have to worry for scamers, but it might be too expensive for a directory of its kind.
WorldWide Brands – The only one certified by ebay, It has more than 9,000 wholesale suppliers. One.time payment fee.
SaleHoo – It has more tha 8,000 wholesale suppliers it’s cheaper than WWB but they have a yearly membership.
The Same Ebay – There are a lot of auctions on Ebay you could try to buy them at a low price and resell them , you have to spend time on looking for a good auctions, there are some auctions that end on the morning or even late at night when everybody is sleeping, you could take advantage of this hours to bid.
Craiglist – Often you’ll find good deals for people that is too lazy to sell them on ebay or is desperate to get rid of their stuff, this is a good resource to find low price merchandise.
Dollar Store – Sometimes there are treasures in this stores.
This is the starting point for many entrepreneurs to jump in the online business adventure.