Get Yourself A Piece of The eBay Pie

Ebay is without a doubt the greatest internet marketing phenomenon of all time. Millions of people log on every minute and every second there are hundreds of items listed, sold and bought, and of course money is made. It has become the world's largest marketplace, where the potential for selling an item is exponentially increased due to the sheer volume of people who can view the item for sale.

The attraction Ebay holds for the most people is the possibility of selling or buying anonymously, and getting a great bargain. And for the first time ordinary people are making extraordinary incomes selling literally everything from beanie babies to diamond rings and cars. For those who venture out of their comfort zones into the cybermarket place, the following may com in handy as a guide to selling on Ebay:

A. RESEARCH WHAT IS LIKELY TO SELL, DON'T JUST SELL ANYHTING

Contrary to what you might think, not everything sells on Ebay. Your success on Ebay depends on selling what people want and need, and what they will pay for. You can find this out by browsing closed auctions of items you are interested in selling, see how many bids there were for the item and how high the bid price went. The more bids and the higher the closing price the more successful the auction.

B. ASSESS THE COMPETITION

It's no use selling an item that there are hundreds of thousands to choose from. Your chances of success will be severly diminished. The rarer the item and the fewer the number of people selling the same item the better your chances of making a sale. Find out how many similar items there are for sale by using the search feature on Ebay. Avoid items that are oversupplied and that everybody else is selling.

C. FIND THE CHEAPEST SOURCE OF THE ITEM

The best way to begin is by using a dropshipper. This is a wholesaler who will ship single items on your behalf to your customers and does not charge you a fee to do so. You don't have to keep inventory of the items you sell, and you order the item to be shipped to the buyer after you have sold it on Ebay, thereby reducing your risk to near zero. Remember the principle "Buy low and sell high" That is the key to maximizing your profits.

D. LEARN THE TRICKS OF THE TRADE

It is prudent to learn as much as you can about how Ebay works before you start, as there is more to it than meets the eye. There is no surer way to fail than to jump in without doing your homework well and believe me, it is work. If anyone says otherwise they're simply not telling the truth.

E. START WITH A SMALL MONTHLY BUDGET AND STICK TO IT

Don't spend more money that you can afford to lose. As with all businesses it takes time to tweak your skills to perfection. It is very easy to fall prey to internet sharks who promise fantastic returns in a short period of time. It simply does not work that way.

F. GIVE IT TIME

Forget about making a lot of money in a short time. It is slow tedious work,a ndmake some allowances for failure. Don't get discouraged. Find out what works and what does not work and improve yourself as you go along.

c. Michael Schandorf-Lartey 2004
http://www.amazingdealz.dropshipdesign.com

Michael Schandorf-Lartey is an internet entrepreneur, and operates a successful wholesale sourcing website that assists internet newcomers to launch their own Ebay businesses. He lives in Clermont, Florida with his wife and three children.

In The News:

BBC News
Disputed dinosaur fossil auctioned for $1M in NYC
CBS News
NEW YORK — A dinosaur dispute is brewing between the Mongolian government and an American auction house, which sold a fossil of a fearsome T. Rex relative despite a court order not to. The 8-foot-tall, 24-foot-long skeleton of a Tyannosaurus bataar ...
Dinosaur Auction: Tyrannosaur Skeleton Fetches $1 Million Despite ObjectionsHuffington Post
Tyrannosaurus Bataar Sale After Judge Orders Auction HaltBusinessWeek
Dinosaur Dustup: Auctioneer, Mongolia Battle Over $1M BonesABC News
CNN
all 254 news articles »

Globe and Mail
Babe Ruth jersey fetches a 'Ruthian' $4.4 million at auction
Chicago Sun-Times
By MIKE FITZPATRICK AP Sports Writer May 21, 2012 9:58AM This undated photo provided by SCP Auctions shows a circa 1920 New York Yankees baseball jersey worn by Babe Ruth that sold for more than $4.4 million at auction, Sunday, May 20, 2012.
Babe Ruth jersey sells for record $4.4 million at auctionCNN (blog)
Babe Ruth jersey sells for record $4.4 millionCBS News

all 404 news articles »

Successful John Dixon Auction Blitz: 11 Commercial Buildings, 10 Events, Three ...
MarketWatch (press release)
"We really felt that it was important to sell most of these buildings at the location itself, and that meant we had to form three teams, with multiple auctions two of the three days. But our folks were up to it, and we had 10 auctions, each of which ...

and more »

Outbid Brings Real Auction Action To The iPhone and iPad
MarketWatch (press release)
OAKLAND, Calif. and NEW YORK, May 21, 2012 /PRNewswire via COMTEX/ -- Outbid ( www.outbid.com ) today announces that its auction service, which combines the theater and transparency of live auctions with social and gaming features, is now available for ...

and more »

Bloomberg
Treasury Auctions Set for This Week
New York Times
The Treasury's schedule of financing this week includes Monday's regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday. At the close of the New York cash market on Friday, the rate on the outstanding ...
Treasuries Fall as Yields Damp Demand Before AuctionsBloomberg

all 36 news articles »

Mobile & Apps
Diablo 3 Auction Houses Help: 8 Things You Should Know
Mobile & Apps
We had previously provided tips about how to earn extra gold, level up faster and get items, and now we will discuss the game's auction houses and what you need to remember about them before you make a purchase. Here are the tips that will help you get ...
Diablo IIIRocket Chainsaw

all 69 news articles »

Global Economic Intersection
Exclusive: US lets China bypass Wall Street for Treasury orders
Reuters
Those dealers then bid on their behalf at Treasury auctions. China, which holds $1.17 trillion in US Treasuries, still buys some Treasuries through primary dealers, but since June 2011, that route hasn't been necessary. The documents viewed by Reuters ...
US catering to its largest creditorForexLive (blog)
China Feeding on Treasuries Straight From the TroughStreetInsider.com (subscription) (blog)

all 22 news articles »

Diego Rivera poised to top NY Latam art auctions
Chicago Tribune
NEW YORK (Reuters) - A Diego Rivera portrait of a 10-year old girl, her head cocked and gaze wary, is expected to top this week's Latin American art auctions, where surrealist-tinged works by other artists are also primed to do well.

and more »

Toronto Star
eBay's Newest Auction Item: Used Olympic Torches
Exec Digital
Monday, 30 auctions had been posted on the site advertising used torches, some even before bearers had a chance to put them to use. A number even included the white-and-gold torchbearer uniforms in the auction sale. With the intent to celebrate ...
Olympic torch sold for £153300Yahoo! Eurosport UK (blog)
Olympic Torch Sparks eBay ConfusionGeeks are Sexy Technology News
Olympic torches on eBay a day into relaySky News Australia
Yahoo! Movies UK
all 901 news articles »

Christian Science Monitor
Tech stocks exchange to change IPO auctions after Facebook glitches
Christian Science Monitor
Tech stocks IPO auctions will be revamped, Nasdaq CEO says, after delays plagued Facebook's first day of trading. SEC investigating to see if delays hurt trading in the tech stock's underwhelming IPO. By Associated Press / May 21, 2012 Robert Greifeld, ...
Nasdaq CEO Blames Software for Delayed Facebook IPO TradingSan Francisco Chronicle
Software caused Facebook glitch: NasdaqNew Zealand Herald
Nasdaq blames software design for Facebook IPO delayTelegraph.co.uk
TechSpot -WebProNews -Bloomberg
all 1,186 news articles »
Google News


Better Links Directory


Snipe Your Way to Auction Success

Bidding for a bargain is all part of the exciting... Read More

Learn How To Be A Successful eBay Seller

Anyone can sell anything on eBay. Open an account, list... Read More

How To Sell On Ebay: Using Store Policies To Cement Your Credibility

In your quest to build credibility as an Ebay seller,... Read More

The Drop Shipping Business

You have suddenly found the perfect business and you are... Read More

eBay Bargain Hunting - Spell Your Way To Success!

Have you ever wondered how identical items can fetch such... Read More

5 Sure-Fire Ways to Make More Money on EBay

Have you ever dealt with a salesperson or a waiter... Read More

Four Reasons Why You Should NEVER Use Animations In Your eBay Auctions

Inexperienced auction sellers, or those lacking in confidence, often want... Read More

12 Items You CANT Sell On EBay

Millions of would-be entrepreneurs want to sell things on ebay.... Read More

Drop-ship or U-ship: That is the Question

For small Internet retailers, drop-shipping is one of the best... Read More

Taking Paypal on eBay

Accepting Paypal as a payment method might increase your selling... Read More

Smart Ways Your Business Can Benefit From Online Auctions

It seems as if everyone is talking about online auctions.... Read More

eBay Auction Bidding Strategies--Overcoming the most Frustrating Situation on eBay

The Problem...It's happened to the best of us.You've been watching... Read More

Profitable Paper Piecing on eBay -- Part 2

Basic Paper Piecing TipsHere are some tips that will help... Read More

Auction Sales - Keeping Customers You Worked So Hard To Get!

If you've studied business concepts you know that finding a... Read More

Maria?s New Lifestyle: Short Story About The Benefits Shopping On The Net Has Given

I've got this strange friend; her name is Maria. Maria's... Read More

Negating Negative Feedback on eBay

Taking some pride in my one hundred percent positive feedback... Read More

How To Make Money Online : Sell On eBay

Selling on eBay can be very profitable, and is a... Read More

10 Tips to Starting a Financially Successful Ebay Business Startting Right Now

Ebay is Perhaps the easiest and fastest way to start... Read More

Doing It eBay: An eBay Business Means Fun and Profits in a Global Marketplace

In 1995, when Pierre Omidyar introduced an online business venue... Read More

Sell Your Items at Cost and Make a Fortune on eBay!

Like all ebay sellers I wanted to sell all of... Read More

Fed Up With eBay?

For many people, their first experience of working online involves... Read More

The Ins and Outs of Dropshipping on eBay

Dropshipping is an attractive marketing technique, but when you take... Read More

The International Affiliate Program of EBay

eBay trades in more than 33 international countries with over... Read More

Five Ways To Detect Shill Bidders On eBay So That You Dont Pay Absurd Prices

There is as a lot of buzz about shill bidders... Read More

eBay Listing Service : Make Managing Your Auctions Easy

Do you want to have a lot of auctions going... Read More