Starting an eBay Home Business

Do I need to explain what eBay is?

If 'Yes', where have you been living for the past 5 years? On Mars?

EBay is the world's largest Internet auction site. There are a reported 30,000,000 users, but that number has probably increased in the time delay between me writing this article and you reading it.

There is no doubt that eBay is a fantastic place to find bargains. There really doesn't seem to be any limit to what you can find and buy there. I've seen websites sold for 8 million and real estate going for $12,000,000.

That's some hefty stuff!

But did you know you can get a cut of that action? eBay has created more home businesses than any other event in human history, and to think, only a short while ago the Internet as we know it didn't even exist.

To become an eBay seller all you need to do is register as a seller and then put up your product for sale.

However, that is an over-simplified summary, here are a few considerations you must ..err..consider:

? What products will I sell?

? Where will I find my products?

? How much will it cost me to sell each product (price of product + eBay listing fees)?

? Where in eBay will I list my products?

? What will I say in my ad?

? What starting bid should I choose?

? How will I process payments?

? How will I get the product to the buyer?

Let's look at each of these questions a little closer..

? What products will I sell?  Choose products that are in abundant supply (because you can sell more and not waste time searching for them) but not readily available in your local Walmart (unless you can sell them a lot cheaper).

? Where will I find my products?  Find a supplier that can provide the products you want at a good price. Not as difficult as it sounds, read http://www.007workfromhome.com/drop-shipping-course.htm to learn more.

? How much will it cost me to sell each product (price of product + eBay listing fees)?  When creating your ads (eBay listings) you will notice there are different listing options that have different fees. But you must be sure that at the end of the day, you are left with a profit after listing fees and product cost.

? Where in eBay will I list my products?  The only way to know what will work best for your product is testing. I tend to list my products in several different categories, with different listing options to test which works best for that product.

? What will I say in my ad?  Most importantly, use keywords in your title that people looking for your product will use when searching, combine keyword phrases where possible. Always include photos and be very descriptive in the content of your listing. If there is a problem with the product, say so.

? What starting bid should I choose?  Some people say the starting bid should be the zero point, that is, the price at which you break even. That way you can't lose money (unless no one bids). Other people say you should set the starting bid low to stimulate bidding. Experience and testing will provide the answer.

? How will I process payments?  Most payments are processed by Paypal. Unless you have specific requirements, just use Paypal until you get the hang of things.

? How will I get the product to the buyer?  If you use a drop-shipper, they will send the product. If you stock the product, go to the post office or use your preferred shipping method and send ASAP.

Some additional points:

? Always follow eBay rules or you'll just create problems for yourself.

? Always ask the winning bidder for POSITIVE feedback.

? Always keep learning how to improve your eBay business.

I'm by no means an expert at eBay, having only recently begun using it as an extra revenue source.

The 2 best resources I know of are:
http://www.auctionsecrets.com/ and
http://theautomaticmoneymachine.com/

..notice neither of those links are affiliate links. I'm recommending them because they are good, not because I'll make money.

In the next issue we will be taking a closer look at resell rights and how you can sell someone else's product and still collect 100% of the profit? yes it's possible and I'll show you how.

Until next time, remember persistence pays off ? BIG TIME.

Your Friend
Murray Hughes
007 Work From Home

http://www.007workfromhome.com/ebay-hom e-business.htm

If you enjoyed this article and want to get started working out of your very own house, then head over to Work at Home Businesses today and enroll in Murray's zero cost Work.From.Home Email Course and also learn from his many exclusively written lessons available at the site. For AOL Users: Work At Home Business

---

What YOU Must Know About The Advantages And Pitfalls Of Dropshipping

The following may be the most important information about dropshipping... Read More

Mistakes to Avoid in your eBay Auctions

Online auctions continue to grow in popularity as an easy... Read More

The Effects of eBay on American Merchandising

With one brilliantly simple idea, eBay was born just a... Read More

eBay After Sales - as Important as the Listing Itself

Your eBay listing has finished and you have made a... Read More

Are You an Ebay Shopper?

As I write this article, I am keeping an eye... Read More

Search... Search... Search Your Way To eBay Cash!

One of the most valuable things in life is the... Read More

Learn How To Be A Successful eBay Seller

Anyone can sell anything on eBay. Open an account, list... Read More

When is Wholesale Really Wholesale

You've finally found the wholesale source for the high demand... Read More

A WIN-WIN Scenario On eBay For Buyer/Sellers: Tips For Hunting Want It Now Postings

"Ask And You Shall Receive" Policy Works!You're one-of-a-kind baby clothes... Read More

eBays Latest Fee Increases--Is this the beginning of the end?

On January 13, eBay sellers received an unwelcome announcement from... Read More

5 Secrets for Increasing Auction Profits

1. Include your ebay seller name, store, and website information... Read More

Game Theory, Nobel Prize, & Auctions - Auction Primer Series ? Part 1

William Vickrey, highly regarded as the founder of auction theory,... Read More

Profitable Paper Piecing on eBay--Part 1

Why sell paper piecings on eBay?eBay is a great way... Read More

How Drop Shipping Works

One of the most frequently asked questions on the Net... Read More

Photos on my eBay Auctions: How Do I Add Them?

On another forum I'm involved with, someone's asked a great... Read More

Selling on eBay? Heres a Success Tip for Your Online Auctions

Are you planning to sell on eBay? Or have you... Read More

EBay Feedback, 5 Key Things All EBayers Should Know

eBay's user feedback system is one of the site's most... Read More

Boosting Your EBay Auction Profits: Just Add Audio

According to a recent report, adding audio to your eBay... Read More

Losing Sales By Overcharging For Shipping And Handling

As a serious seller on eBay you're familiar with their... Read More

Drop Shipping Secrets and Sources Revealed

Unfortunately for those just breaking into the wholesaling business, drop-shipping... Read More

Join the Home-Based Business Revolution

Greetings, Friend. So you've decided to go into business. Great.... Read More

eBay - Profiting With Books By Janette Oke

Janette Oke is a Christian writer whose books about life,... Read More

Police Auctions & Government Auctions Professional Resource Information

Police Auctions Information:No, a police auction is not where you... Read More

Smart Ways Your Business Can Benefit From Online Auctions

It seems as if everyone is talking about online auctions.... Read More

Traditional Marketing Techniques for eBay Auction Ads

Ya know, I sort of giggle when I look at... Read More

eBay Listing Service : Make Managing Your Auctions Easy

Do you want to have a lot of auctions going... Read More

A Picture Paints a Thousand Words and Creates Auction Euphoria on eBay

Ever since I sold my first item on ebay I... Read More

The Benefits of Buying and Selling Locally

Shop at a flea market in Oaxaca, Mexico. Trade with... Read More

From Ebay Zero to Power-Selling Hero: Using Feedback Effectively

When I talk about feedback to new Ebay sellers, I... Read More

Real Estate Auction Action - Buying A Home At Auction

Due in part to the popularity of the U. S.... Read More

City Police Auctions of Personal Property and Autos

About City Police Departments AuctionsThe City Police Departments handle and... Read More

How Professional Ebay Auction Templates Can Boost Your Ebay Sales

Do you like to sell on eBay ? It's easy... Read More

Selling through Auction Marketplaces

Consumers are increasingly feeling more comfortable in buying products through... Read More