Can You Still Make Money on eBay?
Can you still make money on eBay? That’s one of the big questions in the online community. You see, over the past few years, eBay has hiked their fees to the point that it’s driving out a lot of entrepreneurs who depend on razor thin margins to make money. A lot of sellers feel that eBay is abandoning their bread and butter, small single entrepreneurs and small businesses who use eBay as one of their only marketing channels. Of course, it’s all eBay’s decision. And, in response, a lot of sellers have moved elsewhere.
But back to our question of can you still make money online with eBay? Sure, you can. But you need to be selling something with a fairly health margin.
Gone, for instance are the days when you could use eBay to drop ship thousands of types of products, and you as a sort of middle man would make a few cents on each transaction. eBay’s larger fees have eaten into this margin to the point that it’s really hurt this business. If you’re selling your own product, however, then conceivably, your margins are higher. That’s still open for eBay.
So, you’re going to need your own product, if you want to thrive on eBay. Another type of product to sell is how to products. Information products, such as books and cd’s about how to do something are big sellers. Here again, eBay has made things difficult on the seller. It used to be easy to sell digital downloads on eBay, but recently they’ve tended to discourage that sort of product. This doesn’t mean you can’t sell a real cd or book on eBay.
So, bottom line is you still can make money on eBay, but you need your own product with really healthy profit margins.