Make Money Off eBay – How to Make Money From Simple Auctions
Thinking of making money off eBay? Then this article will suit you down to the ground. We’re going to discuss how you can money from the world’s most popular auction and e-commerce website, so pay attention.
Here are the 4 simple steps to make money off eBay (and I’m talking about copious amounts of money!):
Step 1 – Target a niche market. Which niche and what demographic do you want to? The niche you choose has to be profitable and has to be something you love being in. The more interested you are in the business, the more likely you are in to stay for the long haul.
Step 2 – Source your products. There are a few options for this. You can buy your products in bulk like traditional retailers do, rent a warehouse and store your goods there. The downside of this strategy of course, is that you will have a very high upfront cost in starting your business. The alternate strategy is dropshipping – you find a dropshipper who will ship out products to your customer only when they are ordered. You don’t have to hold any inventory, and the shipping of the products is done for you.
Step 3 – Post up your auctions. You can either start off with a low starting price to lure bidders to your auction, or you can set a price that’s nearer to the actual retail price you are willing to let your product go for.
Step 4 – Product fulfillment. Ship out your products or send an email to your dropshipping company with the order details so they can ship out the product to your customer.
Of course, making money from eBay is not as easy as this! There are a lot more factors to consider. But the steps are certainly simple. Not easy, but simple. Now go and make some money off eBay!