Building Your Individual Ebay Home Based Business
The basic idea of Ebay maybe needs little introduction. You market an item for sale and prospective buyers place auction bids and the highest bidder wins the article. You get the best cost, they get an article that they desire, hopefully at what they judge to be a bargain. But the system has grown up stacks and now supports quite an industry of sellers. And anyone could jump on board.
Find something to sell
The first step is to find a product that you might sell, and that really is the toughest part. Clearing your house of unwanted articles and listing them on Ebay is fine as long as there are articles to sell, but it is doubtful to give you a full time income. Several people trawl charity shops and car boot sales to find second hand goods to sell, but these are unlikely to make a huge amount of profit for loads of work.
You need a good source of items that you could advertise and sell and that as a rule comes from drop shipping catalogues. You need to find a provider that has items for sale and sign up to their service. It is worth doing your research before paying out your membership, but this might be a little tricky without knowing prices.
Choosing an item that is wanted
Ideally you want to find articles for sale that are not flooding Ebay already. And this is not all that simple as there is a fine balance. If the articles aren’t already for sale there is there a reason? Are they unpopular, too costly or just not selling? If they are selling well then there might be lots of people jumping on the band wagon to sell them.
A little bit of research at this point will obtain the benefits in the long term. The products that you are putting up for sale should not be being constantly listed by different sellers and ending in unsold auctions. If you start advertising these products there will be even more competition for the few sales and your profit margins will be squeezed.
But, find a suitable product to load and you could give it a good description and hopefully it will sell first time and every time. With experience you will soon learn what of the merchant’s catalogue sells well and what doesn’t and be able to concentrate your activities about the articles that work.
Process your orders
Then all you need to do is to wait for the auction to end and the buyer to make the payment. You can send an invoice through the ebay system to remind them for payment if they are slow and once the cash is received, you go to your drop shipper and give them the order details and tell your customer that the order has been processed and is on the way.
It is as easy as that. Concentrate on those items that work and it is only a matter of having enough listings to make it worth while. Once you are established, you might even like your own ebay shop.
If you want to read more about ideas for working from home, call into My Home Working.
Written by Keith Lunt
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