Meet Some eBay Millionaire Sellers

Filed Under (eBay) by Brandon and Skye on 21-07-2008

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Greg Holden is the author of several books about eBay, including ‘How to Do Everything with Your eBay Business’, and ‘The Collector’s Guide to eBay’.
He also recently met several eBay millionaires, hoping to find common threads in their stories which would be of help to us mortal eBay sellers.
The eBay millionaires Greg interviewed were all aged 30 or less. And each of them grossed a million dollars or more on eBay in 2005.
Two women who run Express Drop, the drop-off store, just sqeezed in with gross sales of $1.02 million. Since their eBay revenue is shared with their consignment clients, and they have premises overheads, it’s fair to say that their profits were a little less than $1 million.
However, David Wirtenberg of Outrageous Diamonds grossed $4 million eBay sales in 2004, and he projects 2006 sales as being $8 to $10 million. And Chris Rush of HiFi Sound Connection grossed $5 million eBay sales in 2005. The chances are pretty good that each of these gentlemen made more than $1 million in profits.
Although PowerSellers who are at the Gold or Titanium level have achieved a high level of success, that doesn’t mean they are out of the ordinary. Greg found them to be just regular folks who are not really so different from you or me. Most of them started out with little or nothing and made the best of the same opportunities we all have on eBay.
So, what is that sets these young millionaires apart from the rest of us eBayers? Here are some of the things Greg I learned:
Choose your relatives wisely
Yes, Greg knows you can’t really do this, but he suggests you look to see if money really is growing on your family tree. Many of the eBay millionaires he met had relatives who were themselves entrepreneurs or had some experience in business. They called on those relatives for a helping hand when they were starting out. David Wirtenberg got some pointers from his father-in-law, who was in sales and marketing. Chris Rush started with a $10,000 loan from his grandfather to purchase his initial inventory.
Mentoring isn’t just for college internships
Even if your family can’t help in your eBay business, perhaps someone else can. Dan Glasure of Dan’s Train Depot started out in the cleaning business. His father helped get him started selling trains and other collectibles on eBay. After his father passed away, Dan called on two of his best customers for help - one a billionaire, the other a business professor - who helped him draw up some formal business plans.
Don’t imitate the Lone Ranger
Greg found that one of the biggest differences between the eBay millionaires and the rest of us, is volume. They deal in hundreds of sales a week, thousands per month. Marat Denenberg of Narro Corp. sells as many as 80 pieces of computer equipment each day. Some hire employees; and they rent or purchase warehouses. Many of them also do something that’s within the reach of most of us: they sign up with one of the auction service providers that helps them sell. Mordy Eisenberg of GSM Cellular works with ChannelAdvisor. Eran Dekel deals in such high volume that he was able to set up a discounted shipping arrangement with UPS. Other sellers Greg interviewed work with providers like Zoovy, Infopia, and Marketworks to help them build volume.
Be open to selling on consignment
Greg found that several of the eBay millionaires specialize in selling items on eBay for others. Adam Hersh, 27, is one of eBay’s most successful Trading Assistants. Tiffany Tanaka, Ellen Navarro, and Amy Mayer run eBay drop-off stores. If you’re just starting out and don’t have a lot of your own inventory to sell or can’t find a wholesale distributor, selling for other people can help you build up positive feedback and become a PowerSeller quickly.
Many of the millionaire sellers Greg met agreed that eBay is a great place to start your first business, no matter what your age and level of experience. So, although those selected for Greg’s interviews were relatively young, don’t think you’ve somehow “missed the boat” if you’re on the upside of 30 - I’m double that, and still like to think that I have a kick! So my advice is to think positive, learn from the success of these young entrepreneurs and you can become a more effective seller.

Make Easy Cash by Selling on Ebay

Filed Under (eBay) by Brandon and Skye on 19-07-2008

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You may know every Internet Giant, from Amazon, Yahoo, to AOL, Google, but not forget eBay. Only eBay is so close that home based business can make money online. It is the easiest way to make money online selling on eBay.
You may not realize it yet, but you are about to begin an exciting new lifestyle! The world of online auctions is not only a very profitable world, but it can also mean a lifestyle change unlike any you could ont have imagined just a few years ago.
eBay is now the world’s largest marketplace and the online auctions model which eBay first brings into business actually allows you the opportunity to make money online quickly. So why not use this to the advantage of your website and your business? By creating an easy-to-use eBay Store and listing some hot, in-demand items at a small discount from the price on your website, you can drive traffic from eBay back to your website as well as creating sales and revenue for your company through eBay. eBay Stores monthly fees is nominal and can easily be paid off from the profit of just a few small sales. eBay Store is set up to where your item can be listed automatically saving your valuable time and making the maintenance of your eBay Store effortless.
Compare this with the majority of businesses out eBay, which may actually take a year or couples of years before they realize any real profits, you will feel satisfied. Is it amazing to make money online selling on eBay?
By simply understanding and knowing what you are doing, you can be very successful doing your online business to make money selling on eBay.
The traffic on eBay is massive, check out the figures for yourself at any source you trust. eBay has a staggering 10 million items on sale at any point in time. The site gets 1.5 billion auction page views each month. This is the key that makes it so easy for ordinary people to make money on eBay. It is simply a matter of taking your products to where the customers are waiting for it. But you need to know what you are doing. It all boils down to getting the formula to maximize your auction effectiveness.
You can be found by more eBay users by being as descriptive as possible in the Item Description and by using as many keywords as possible that describe your item and industry within the Item Title. Reports show that over 90% of searches on eBay are done using the search facility. What users do not know about eBay search facility is that by default it only searches the item titles - not the descriptions of the items.
Imagine building a website that got more than 10 million unique visitors per Day. Do you think you might be able to find a way to make money online selling on eBay? One of the greatest benefits of selling on eBay is this sheer volume of traffic that you automatically acquire as a registered seller of eBay.
eBay allows you to set up an account with only some basic personal information and a credit card for billing. There is typically no up-front investment required! Meanwhile, you can use PayPal as your tool to collect your money from selling on eBay. If you compare this to traditional business, you have to admit this is for your utility.
One of the main concerns that sellers have about trading on internet is: How do I know that they are going to pay? That is not a question at all. eBay and PayPal have protections for sellers and protect buyers also. One protection is feedback. This is simply a recorded comment (either positive, neutral or negative) left by both the buyer and seller after a transaction ends, telling future buyers and sellers how that particular transaction went.
Just imagine the facts that there are numerous of people making money online. The facts are that there are numerous of people who make money online selling on eBay. So why you are not the next one?