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5 Easy Ways To Make Money On eBay
It is my belief that there is no easier way to make money on the
Internet than by selling items through eBay. What could be
simpler, a straight forward 5 step process.
1. Get something to sell. 2. Photograph it, and write a
description. 3. Upload your listing to eBay. 4. Collect your
money. 5. Dispatch the item.
What could be simpler than that?
But I suspect what people are really asking is how can I easily
get products to sell. From my experience this is what both
newcomers and some experienced eBayers find difficult. So in
this article I just want to highlight 5 very simple ways that
you can get products to sell without even leaving your computer.
This I hope that will be easy enough for everyone.
1. What, no photograph? It is my belief that there is hardly an
item listed on eBay or any of the other online auctions that
does not benefit from having a photograph or image included in
the listing. In fact most items that are listed without a
photograph that actually sell tend to fetch 20% less than those
with. In some categories the figures are even higher. For
instance clothing items offered without a photograph average a
78% lower selling price than those with. So it would seem to be
pretty easy to browse eBay looking for these "photo less" items,
buying them and then relisting with a photograph. Money for old
rope really.
2. Finding the poorly listed item. There are many reasons why
someone's listing fails to attract any worthwhile bids. Bad
title, short or poor description, wrong category, poor spelling
and so on. You can find these by browsing around the auction
site, but I would suggest an easier method.
Select the categories that you are interested in and look down
the search feature for items finishing within the next hour.
Here is where you will find the bargains that have failed to
attract any bids for the reasons we have mentioned.
3. Unsocial hours In any book about eBay you will find tips on
when is the best time for auctions to finish. The most suggested
times for most items are Sunday afternoon and evenings and
Wednesday evenings. Some experts suggest that for business
related items Monday or Tuesday during office hours are best. If
you accept that there are times when you will get increased bids
for your items there must also be times when if your auction
ends you will not do so well. I would think if you have an
auction that finishes between say 5 am and 8 am on a Monday
morning you will not have too many people lurking to place last
minute bids to push the price up. Again buy and relist with your
auction set to finish at a more sociable time and you could
easily make a 20% or more profit for very little effort.
4. Buy Collections One of the easiest ways to make money on eBay
is to cash in on other peoples laziness. If someone has say a
collection of 10 china dogs, it is a fact that if they put all
ten in one listing as a collection they will get less than if
they had listed each item separately. But it is amazing how many
sellers cannot be bothered to do this. I have in the past bought
such a collection and actually made more from one of the items
than I had paid for the whole collection.
5. Other online auctions. Over 95% of all online auction sales
are on eBay. They have the largest number of registered buyers
and items listed for sale. For this reason items offered for
sale on eBay get the best prices. So why not search around some
of the smaller online auctions, because in many cases items
listed with them will not attract such a good prices as could be
achieved on eBay. Then all you have to do is buy from them and
relist on eBay.
So there are 5 easy ideas for you to consider. Why not give some
or all of them a try.
About the author:
Dave Bromley runs the http://www.ukauctionline.co.uk web site
and newsletter. This information packed web site contains
hundreds of articles, hints and tips for getting the most out of
eBay.To register for the newsletter and 6 part mini course visit
his web site now.