How to Make Money Online – 700 Dollars in 7 Days – Part 3
Writing Sales Copy
If you have any hope of selling $700 worth of merchandise on eBay in a week or less-the good news is that you don’t have to write that “killer sales copy” in order to be successful. However, there is a distinctive difference between copy writing for print…and crafting copy for the Internet. To get the maximum number of people to view your product and potentially place a bid-you need to write descriptive copy that is accurate and keyword rich-especially the title.
What you really need to understand about eBay in order to get the most people to view your object, increase the bidding pool, and ultimately drive up traffic-is the words those potential customers are using to find your product. Using the same Pulse feature, you can determine the best keywords to use when creating your ad for the product. It is especially important to use the keyword in the headline or title but don’t be afraid to look at other ads selling similar products for inspiration and to borrow some good ideas! The copy needs to be descriptive, accurate, and be keyword rich in order to be pull potential bidders in and possibly boost your profits.
Consistently Reinvest in Business
If you are only looking to raise $700 in a week or so while possibly cleaning out your attic or garage, then there is no need to reinvest profits. But if you are looking to start a revenue stream and grow it into larger, then you will need to invest a consistent percentage of your profits into the company. Just a few of the common necessities most Internet businesses, including eBay auctioneers, need in the first two years include:
- Accounting/Tax Software
- Server/Other Computer Hardware and Equipment
- Office Supplies
- Increased Office Space
If you were an eBay auctioneer who specialized in refinishing/repairing old antique furniture and then reselling it for a profit, then you would possibly invest in tools and equipment related to that activity. The point here is that for tax deductions and the possibility of building the business to a higher, more consistent level, you must reinvest a significant portion of your profits.
Ultimately, your determination and consistent hard work will pay off and you will start building a solid reputation as an honest and dependable business. In time and to grow your business even further, you will want to market your products or services in venues outside of eBay. Ideally, diversification will become a priority as you look to grow the business through new revenue streams that help solidify your financial foundation.
Yes, you can make $700 or more in 7 days or less on eBay (although it may take a little more time for the funds to transfer into your actual checking account) selling off collectibles, furniture, and other unneeded items that have accumulated over the years. Your initial cost (if selling merchandise that ultimately sold for $700) would include the Insertion Fees ($4.80) and another $20 or so in Final Value Fees (you are assessed 5.25% on the first $25 of the final sale price and then 3.25% on the remaining amount which in this case is $675 X.0325%, or roughly $20). Other fees and/or costs that may eat into your bottom line include:
- PayPal or other Merchant account Fees
- Electronic Transfer fees by your bank
- e Bay pictures Service fees
- Buy it Now Fees
- Listing Upgrade Fees
- Seller Tool Fees
- Reserve Fees
eBay does indeed offer a lot of bells that can really wreak havoc on your bottom line but the basic listing service, a compelling ad with relevant keywords, and a little hard work is all you should need to successfully sell $700 in 7 days and walk away with approximately $650 in actual money. Remember, this is not actual profit in the classic sense but you could use that money to secure more merchandise and begin establishing yourself as a legitimate force to reckon with… or, you could go out and splurge on something you don’t really need and return back to your job the following day no closer to financial independence.