If You Answered "Yes" To The Above Question Then Click The Link Below For Access To Auction Secrets That Will Flood Your Pockets With Cash Daily
What I will tell you is that this “formula” is not magic, it’s not genius, but it DOES WORK!
So without further ado, let us get down to the formula.
Step 1
This really goes without saying but just in case you have no idea on where to get one of these accounts, then here are the details:
www.eBay.com for an eBay account if you are in the US www.eBay.co.uk if you are in the UK
www.eBay.com.au if you are in Australia
www.eBay.ca if you are in Canada
Step 2
It’s fairly obvious that you need things to sell. But where can you find these items to sell for profit.
Sell what you’ve got
Essentially, all you have to do here is sell any unwanted items you have around your house. It is estimated that each house in the US has approximately $1000 worth of unwanted items. You could easily raise a four figure sum by selling these items to fund the other methods of sourcing products.
This may be a short term strategy and not one that can be replicated too often; it is an excellent source of quick cash if you are looking for capital to fund your other ventures.Sell what others have got
This method of selling on eBay is called consignment selling. It’s where you team up with a friend or family member and sell their stuff and keep a percentage of the final selling price for yourself. If you sell for 5 friends who each have $1000 worth of items they want selling and you take 20%, then that’s $1000 profit on your part for not so much work. This is a great strategy because you have nothing to lose and everything to gain.
If you’re lucky, you may have a friend who wants a car selling. You sell it on eBay Motors for a couple of thousand dollars and you take a couple of hundred – easy money!You can further maximise this method by teaming up with local businesses. You could find a business in your local town or village that is hoping to sell some extra stock but doesn’t have a clue how, pitch your services to the business owner, negotiate commissions etc and sell the products for them. The business gets rid of excess stock that it wouldn’t otherwise have sold and you take a nice bit of cash with no initial outlay – it’s a win win situation for both parties.
Sell what you buy at garage salesGarage sales, car boot sales and flea markets are great for eBay entrepreneurs. If you keep your eyes peeled you can find great bargains, unique antiques and collectibles that you can buy low and sell high on eBay. This method may require a little expertise in some fields to locate highly profitable collectibles but I’m sure even newbie’s can find a few products that they can easily sell on eBay for profit.
There have been numerous success stories outlined in newspapers of entrepreneurs buying something for 50c and selling it for hundreds or even thousands of dollars on eBay. While I’m not saying you will experience results this good, there is the potential that you will and it’s a product sourcing method that you should seriously consider.
There is a fantastic eBay eBook which explains how you can source products incredibly cheaply at garage sales and sell them for huge profits on online auction sites such as eBay.
http://www.auction-enterprise.com/gss.htmlSell what you buy from wholesalers
This is the most commonly utilised method and can be the most profitable if you find the correct wholesaler or drop shipper. That is the hardest part – finding a profitable and reliable wholesaler or drop shipper.
This may be one of the riskier methods, but can definitely result in the greatest profits, and a long term eBay business. Once you find a wholesaler or dropshipper who you can trust, delivers quality products, at an affordable price and in the time frame you specify; MAKE SURE YOU STICK WITH THEM. These product suppliers are like gold dust and you shouldn’t ever share your suppliers and never lose them.
My friend, Nick, has set up a huge wholesalers and drop shippers directory which contains 75,000 products that you can buy and resell for profit.http://www.auction-enterprise.com/dropshipwholesalers.html
Sell what you buy from other eBay sellers
It is possible to buy low from eBay sellers and sell high on eBay. This method involves purchasing poorly listed eBay auctions and re-listing them in a more professional manner and commanding a greater selling price.
All you need to do is type a keyword into a misspelled search tool and the tool will automatically generate a list of all the items that have that keyword misspelled.You then purchase a product cheaply because few people will find the auction due to the misspelling and then you re-list it with the correct spelling and sell it for a greater price.
You can use the misspelling tool at http://www.auction-enterprise.com/ebay-search.html
Now, hopefully one of the above methods will yield you a continuous and profitable supply of products.
It’s time to move onto the next step and really start raking in the cash.
Set up some listings!
Now you have a bunch of products to sell and you need to set up your eBay listings and start generating the cash.
Here are my top 5 tips for selling items on eBay:
1) Always, always, always include a photo of the item you are selling. Make sure you have personally taken the photo and it is of the actual item, rather than a stock photo. Ensure that the lighting presents the product in a quality way. While you shouldn’t spend hours on your auction listing photos, you should ensure quality because as the old phrase goes:
“A picture speaks a thousand words”And this picture could be the difference between a sale and no sale.
2) An attractive auction title is also essential. This is the only chance you have to suck customers to your auctions (as well as a gallery image). Ensure you have a number of keywords related to your auctions so that your auctions turn up in eBay searches.
3) Make sure your item description is clear about the product you are selling and presented in a professional manner. State the features of the product, and the benefits for the potential buyer.
4) Never ever include silly little “rules” that eliminate a proportion of potential buyers. These include things like not allowing eBay members with under 10 feedback to bid, or requiring “Pick up only” as the only delivery option.
5) Finally, make sure that you accept a number of payment methods so that a proportion of potential buyers are not prevented from being able to purchase your auctions.There are 5 listing tips that, if applied, will increase your auction bids and explode your profits.
Send out your items!
You’ve gathered a collection of products to sell, you’ve set up your listings for maximum profits, and now it’s simply time to send out your items to your customers.
Package your items tidily and safely and ship them using the method you stated on your auction sales page.
You could also include leaflets with your items advertising your other auctions, your eBay store or your websites.
Once the customer has received the item, make sure you follow up for feedback so that you can show your future customers that you can be trusted.
Step 5
You’ve sold one item; you’ve generated a positive feedback point and got one step closer to building a business with eBay.
Now all you have to do is rinse and repeat. Sell another item, deliver and get feedback and again and again and again.
Eventually you will be selling hundreds of items per week, generating thousands of dollars of profits weekly and you will be an eBay power seller in no time!