Method - 08 of Making Money Online : Buy&Sell on EBAY

8. Buy And Sell On eBay

Anybody can make money off eBay but you will need a plan. Just putting up random items and
spending lots of money on listing fees is not the best way to go. You will have to find items that will
sell well.
Sometimes, people misspell their auction listing or don't really know the value of what they're trying
to sell which means you can score some really great bargains that you can resell for a nice profit.
Another method involves doing some research on eBay, watching to see what products are the most
popular in each category and then buying those exact same items in bulk to sell on eBay yourself for
a nice profit.
Here's how eBay works:
As a seller who lists items on eBay, from cars, books, electronics to antiques, you can choose to accept
only bids for an item {auction} or you can offer a "Buy It Now" option that allows buyers to purchase
your item right away at a fixed price.
In the auction model, the bidding will open at a price that is set by you and will remain on the eBay
listings for a certain number of days. Shoppers and buyers will then place bids on your items. When
then listing has ended, the buyer with the highest bid wins the auction.
With a Buy It Now listing, the first buyer willing to pay the seller's asking price gets the item.
In order for you to buy and sell on eBay, here are some steps you can take:
● Go through eBay and see what items you can find at a bargain rate.
● Purchase items which you think will sell well at a higher price.
● You may also want to create a website and advertise your products on places other than eBay such
as the Amazon Marketplace and NextWorth.
● Research items before you spend money purchasing them. Don't buy high-priced items such as
computers or TV's and end up stuck with them. Low cost items in bulk may be a better option to
start with. You just have to find stuff that will sell and sell for a nice profit.
● Stock up on new inventory quickly. You will want to keep your store and listings going, especially if
you have found a winning product. Don't wait until you are depleted to get new supplies.
In the beginning, you can find free items to sell from friends and family. It is much easier than
spending a lot of money on suppliers and wholesale when you're learning the ropes.
When you gain more experience you will understand that you can gain a competitive advantage with
smart listings.
Focus on those listings and find the right time to start and end your listing which you will discover
through testing.
Even more advanced sellers can gain greater profits by experimenting with Buy It Now buttons and
reserve price auctions.
How much money can I make out of buying and selling on eBay?
Many sellers make a good living out of selling items using this popular auction site, but how much
you can make will depend on the profit margins you set and the value of each item. You can make
anywhere from a few dollars even up to a few hundred for rare stuff.
If you're an honest seller with popular items people want to buy, you could easily become a full-time
eBay seller in just a couple of months. Your success will be measured by your own efforts.



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