Check out these simple steps to make fast and easy money through eBay:
#1 - Find What People Are Buying
The most important thing you need to do if you want to make money with eBay is to find out what people are already buying. Once you create your free eBay account, you can use the advanced search feature to do your market research. Using this tool, you can discover what the most popular types of items are and the average prices they sell for.
Compile a list of these products and narrow them down to those that you are most interested in. It's much easier to sell a product that is already in demand than to try to create it. It's also easier to sell products that you also have a passion for, or a least an interest in. Once you've uncovered products on eBay that meet these criteria, move on to the next step.
#2 - Build your reputation before launching your eBay business.
People will be reluctant to purchase from you if you start listing products for auction but you don't have any feedback yourself yet. This best way to remedy this is to be an eBay buyer during the period when you are doing your market research. Make certain to complete payment for your purchases in a timely fashion and to leave positive feedback for the seller. Ask them to do the same in return.
#3 - Find A Good Source For That Product
Finding a source for the products you want to sell is often the most difficult step for most people. They start to search online and discover so-called wholesale sources for the products they want to deal in, but then discover the wholesale prices are higher than the final sale price for these items on eBay. Fortunately, there are only two things you need to do to get access to the real wholesale sources that will provide you with products at true wholesale cost and below.
Firstly, register your business and get a tax id number. There will be a small fee for this, but it will pay for itself very quickly many times over. You see, no true wholesaler is going to sell to a person who is running a business under their own name. But if you register your business name and get a tax id number, you can get the true wholesale pricing from many sources.
Secondly, stop searching online for wholesalers. Your best bet for wholesale sources is offline. Use the yellow pages to find companies that produce the products you want to sell or companies that deal in surplus products. Call them and let them know what you are looking for. By doing this, you can quickly uncover very cheap and below wholesale sources of many products you can resell on eBay for a decent profit.
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