Small Business Online
eBay Auctions
Want to know how to open a business on eBay? Do you
think you can find stuff to sell in an eBay home business
opportunity? Yes, others are doing it. You too, can make
money in a legitimate home based business with online
auctions.
There are, as with any business, pros and cons to
an eBay business:
Pros
- It’s quick and easy. Launching a website takes
time and money. With eBay, you could be starting
an eBay business web site in a matter of
minutes.
- It’s cost-effective. At only $16 a month, it’s highly
affordable. And many of the marketing and optimization
tools you would pay for with a stand-alone site are
included for free with your eBay store.
- Results can come quickly. You can spend months
optimizing and advertising a traditional website before
seeing results. An eBay store, can send you built-in
traffic from the moment you go live. With some 212 million
registered users, eBay stores give you the ability to reach
a much larger audience. And because eBay’s site is
already optimized, eBay stores tend to rank higher with the
major search engines than independent websites.
Cons
- A seller of services may not see an eBay as an
appropriate services vehicle. Easy start up and low cost
make this a no brainer. Services can easily be packaged and
sold in an eBay store, and you can quickly gain significant
exposure for your business.
- Traditional brick and mortar businesses may also be
hesitant. If you have a physical storefront, eBay stores
present a great opportunity for you, not only to find
buyers for merchandise that doesn’t sell well in your brick
and mortar store, but also to expand your business
to a much wider audience.
- Existing online business: An eBay store is a great way
to market and expand your current website. By utilizing
eBay’s marketing tools, you could have nothing in your eBay
store and just have your business marketed to the entire
world on a shoestring budget-no other place on the internet
gives you that kind of opportunity.
The bottom line is an eBay Store offers an easy
learning environment to begin in online retail. It's also
an effective means of expansion as your business
grows. Site Sell can help
you establish a website independent of and as a complement to
your eBaystore. eBay Stores can complement an
existing business, or can become your full-time income.
Sources for Low Cost Products
to Sell on eBay:
1.Garage sales
No doubt you've seen ads and fliers for these and ignored them.
Start going to as many as you can. You won't find good things
at every one, but when you find one person with good stuff,
make them an offer for the lot - they'll be so happy about it
that you can get a real bargain.
2. Flea Markets
If your area has a market, then go there and look around for
anything good. You could buy it there if it's cheap enough, or
try to make friends with the market traders and find out who
their suppliers are.
3. Pawn shops
Pawn shops don't usually know what to do with the junk they
accumulate (unless it's jewellery, of course). Generally, they
put their stock out on the shelves haphazardly, hoping that
someday someone with a little money will just happen to come
in, search around and buy wildly obscure things. Get them to
offer you a discount for bulk.
4. Auctions
Go to a real auction, as the chances are that you can resell
things for more than they will sell them. After all, they only
have a few hundred people in that room - you have a few million
to sell to!
5. Local Newspapers
Place an ad in the local paper that reads "I pay cash for [your
item type]", with your phone number. If you can afford it, make
it a big display ad, so it'll be noticed.
6. Ad boards
Get one of those little ads in the grocery store.
7. Friends
Ask your friends if they have anything they'd like to sell you,
and ask them to spread the word to their friends.
8. Become known
Give out business cards, mention to people what you do. The
chances are that you'll come across someone who'll say "Oh,
really? I've got a load of [item] I don't want".
9. Shops
This might be a surprise, but some shops even sell things more
cheaply than they sell on eBay. Take a look around your local
deep discounter, and pay special attention to any shop that
takes trade-ins from customers. The chances are they take a
loss on trade-ins as a promotion, and are dying to get rid of
that stock.
10. World Wide Brands
is the single best
solution to the drop shipping problem. Their drop ship solution
actually puts you in contact with manufacturers instead of
using a drop ship middleman. They have the added advantage of
being the only drop ship source that is an Official eBay
Solutions Provider."
11. And finally: eBay!
When you're looking at the completed items view, you'll notice
the massive range of prices that items can sell for on eBay.
Try taking the highest-priced item and searching for it on its
own, then sort by lowest price first: I can almost guarantee
that you'll see an auction for the same item where it sold for
almost nothing. The trick is to find these flawed auctions
before they close, win them using a bid sniping service, and
then turn around and resell the item.
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