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Tuesday, November 9, 2010

Making Money on eBay - Some Basic Principles

I'm convinced that you know that more and more individuals are currently using eBay. Almost everybody will know someone who has used eBay to either obtain or advertise something. eBay have to be one of the most well-known websites on the planet. During any financial depression it is understandable that many individuals look for a way to earn a living using eBay, which is just what my free eBay guide is all about. An eBay business is one of those ventures which is almost recession-proof since this is the time when many individuals will look for best prices to save what little money they have. Also, individuals who search on eBay are regularly looking for something to purchase. They are a much more targeted audience than you usually discover using regular search engines. This means that you will produce better conversions, or a better percentage of buyers from individuals who go to see your items. Many individuals start by sorting out surplus items from their bookshelves, lofts and garage spaces. Selling these items is a really useful way to start to get to know how eBay operates.
If you want to make a start with this as a small business then you need to decide just what to put up for sale and who to sell it to, as soon as you've sorted out your surplus items. This ought to take a little brainstorming to do it right. Ideally, your chosen niche ought to relate to something you already know something about such as a hobby or a leisure activity. This is a great way of doing it since it allows you to be seen as an expert in that subject. Also, you will agree that it wouldn't look very nice if you were unable to answer a regular question that a customer could put to you regarding an item that you are trying to sell. That would really dent your reputation. Getting positive feedback is essential in an eBay venture. One rationale to start off advertising surplus items from your house is that it gives you the opportunity to get your feedback score established. Just remember that the customer is always right. Always be professional in your business affairs. If a customer asks you for a refund then you should give it. Don't run the risk of having your reputation stained for the sake of a handful of dollars. The number of refunds won't be many provided your not trying to promote useless items.
Consider relatively low-cost items to get started, so that you don't need to fret about expensive supplies until you get your business more built up. Depending on which niche you're operating you might consider information products. How-to manuals are really substantial sellers, in whichever subject matter, and can simply be reproduced on CD's for mailing out in a jiffy bag. You may perhaps then include a regular printed advert in the package with an offer of a follow-on item which directly relates to the area of interest on the CD. You might also include an invite to check out a website where you can pull together their names and email addresses so you can mail them regular newsletters with more items to consider. Check out eBay's market research tool or eBay pulse. These will tell you which subjects are going strong at the current time so you can make a nice, profitable start.
One very helpful thing that eBay has is to enable you to create your own store. This is somewhere that you can show many assorted items so that customers can return to have a look at what you have, provided you refresh the content frequently. An eBay store is a lot like a website where you can create your own look and feel to persuade prospects and customers to stick around and see what other items you have.
Don't overlook the official stuff though. If you start a proper eBay venture it follows that you must do things correctly. Register your business with the authorities. Ensure that you maintain good book-keeping and tracking where your sales are coming from will end up being very valuable in future.
If you need particular help with all of this you can go to eBay's online tutorials or try out my free eBay guide. You will uncover lots of tips and ideas to ensure that you make a satisfactory start.
To learn more about all aspects of eBay go to my website to download a free guide to show you how to make a good start. http://www.eproductsnet.com/ebay01

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