Archive for 'Ebay'
Sell on Ebay. Earn Extra Money.
Posted on July 17, 2008, under Easy Extra Money Ideas, Ebay.
Ebay is one of the most popular sites on the internet. At any given time there are nearly 16 million auctions on ebay. 16 million!! About 40% of the auctions end with the item being purchased. That means over 6 million auctions a day end with an item being purchased!! That’s a ridiculous number of purchases.
The obvious way to make money on Ebay is to list the old stuff you find lieing around your house. However, that is far from the best way.
Everyone is looking for a bargain on Ebay. The idea of an auction is that you might be able to get the item cheaper. However, more and more people are looking for new items at a good deal. So, if you can offer new items, at low prices, then you’ve found the secret to Ebay! But where do you get those cheap new items.
There are companies called dropshippers, that are basically distribution centers for these big name product manufacturers. They buy, store, and ship inventory. How do they help you make money on Ebay? Easy.
- Look for a hot selling item on Ebay
- Search your dropshipper for that item
- List the item on Ebay
- Complete the auction
- Send shipping information to the dropshipper
Your profit is the difference between the wholesale price you pay the dropshipper, and the ending price of the auction. Depending on the product it could be hundreds of dollars.
The key to success is twofold:
- Good prices on hot items
- Listing your item so that it stands out from the rest
I’ve given you a good start on how to earn extra money on Ebay with dropshipping. If you want more info, you should check out this guide.
Have any success in this area? Got any tips? Let me know about them in the comments!