It sounds easy but the problem is that many people start their auction business or open an eBay store and then fail to make money because they are not sure what they are doing.
There are many potential drawbacks on eBay and frequent mistakes that people often make. Lots of eBay dummies who actually have no idea about selling or about the way the scheme works fail and the main cause of failure is due to lack of knowledge.
They heard that there’s a lot of money to be made with eBay! With dreams of rapid riches and easy money, they dive in headfirst.
If you are serious about making money with eBay, the best thing you can do is to slow down. Just stop for a minute. Don’t rush straight in. Take your time and plan each step out before taking it. If you are a green newbie and don’t know how to start an ebay business you can get Starting an eBay Business For Dummies book to get it right from the begging. You can find there a wealth of information a bout starting an ebay business for dummies.
Every 24 hours eBay registers 72.000 to 96.000 new users. Think about that for a moment. When you get your eBay business set up that is how big your customer base will be. But, don't think you have just to build it and they will rush to buy from you. You need to learn how to get them to do what you would like them to do.
Through eBay, you can sell items in almost any category that you can imagine! You can sell toys, antiques, music, automobiles, etc…. at great prices. People also sell items that have absolutely no real value for very high prices. But, there are limits, however, to what can be bought and sold. Certain items are not allowed to be auctioned through eBay website.
What eBay Dummies Need to Know And Do Before Getting Started.
So you've decided that you want to get started as a seller on eBay. If you are an eBay dummy an you want to start your business on eBay there are a few things that you really need to know before you go and throw yourself in at the deep end.
1 - Start As An eBay Buyer
This is my first tip from my eBay business for Dummies ecourses. Start by buying items from eBay sellers. The most winning eBay sellers started out as buyers and you should too. This will give you a sense of how everything works. It will also show you how things are from the buyer’s side of the fence. Let’s call this period of time ‘consumer research.’ You are literally studying how eBay works, from a customer’s viewpoint. You may not realize this, but this eBay buyer experience will actually make you a much better seller right from the very start.
Actually pay attention to the customer service you receive from the seller. Think about how you want to be treated as a buyer, and take notes. Take your time during this process. Interact with the sellers. Get involved in hot auctions to see what they are like. In your free time, start making notes about the hot items that you see. These notes will be helpful later.
2 - Learn How To Sell On eBay
eBay is not a new concept. It works just like any other business. You have to determine what people want to buy before you can expect to be successful. There are very specific items that sell really well on eBay; you just have to discover what those items are. There are many resources for finding out this information. Start with the lessons that eBay offers to their sellers.
Consider attending the eBay University. This is the next step in the process. After you have had the eBay buyer experience, it is time to learn how to be an eBay seller.
Read all of information about how to start eBay business for dummies that eBay provides at their site. The information is free and you will learn a great deal from it. Take full advantage of this before you start setting up your first auction or eBay store! By reading through all of the resources, you will avoid making numerous mistakes that so many eBay dummies before you have made. This is another step towards building a successful eBay business.
Once you’ve made it through the learning process, you should know everything you need to know to get started with a money making eBay business of your very own.
3 - What To Sell?
What you want or what you are going to sell on eBay? What’s your specialty? You'll do far better on eBay if you become a great source for certain kind of products, as people who are interested in those products will come back to you again and again. You won't get any loyalty or real reputation if you just sell rubbish at random.When you think about what to sell, there are few things to consider. The most important of these is to always sell what you know. If you try to sell something that you just don't know anything about then you'll never write a good description and sell it for a good price.
You might think you're not especially interested in anything, but if you think about what kind of things you usually buy and which websites you go to most often, I'm sure you'll discover some kind of interest. If all else fails mention it to your friends and family and they'll almost certainly tell you what you are good at or, they will suggest items.
Out of the things you know enough about, you should then consider which things you could actually get for a good price to resell, and how suitable they would be for redistribution.
Don't be anxious if you think the thing you're selling is too obscure; it isn't. There's a market for almost everything on eBay, even things that wouldn't sell once in a year if you stocked them in a shop. You'll almost certainly do even better if you fill a niche than if you sell something ordinary.
4 - Tax and Legal Matters.
When you start earning enough money, you should be aware that you're going to have to start paying tax. This won't be done for you. If you decide to sell on eBay on a full-time basis, you should most likely register as a business.
5 - Prepare Yourself.
You are not going to do it right at first. If you make mistakes and mistakes can only be made when action is taken. Learn from them and never give up. There are going to be ups and downs when you sell on eBay. The sellers who are successful on eBay are the ones who enjoy it, and stick at it whatever happens. Arm yourself with information about Starting an eBay Business For Dummies and you will be in your right way to success.
Believe on yourself. If you don't believe on yourself, no one else will believe on you. Anyone can sell on eBay, if they believe in themselves. And, if you do decide it's not for you, and then the set up costs are so small that you won't really have lost anything.
If you have a website or blog that is receiving traffic then you will instantly be able to monetize this traffic, by bringing relevant eBay products directly to your visitors. This is really eBay business for dummies territory. But if you are an eBay dummy how wants to build traffic to an eBay business this is what we will discuss in the next articles so stay around.