eBay Buying should be fun!

Did You Know:

eBay users worldwide trade more than US$1,820 worth of goods on the site every second.

- At any given time, there are approximately 104 million listings worldwide.

- Approximately 6.5 million listings are added per day.

- There are 233 million registered eBay members worldwide

- 82.9 million people were active users on eBay marketplaces in Q1 2007.

- Whilst eBay may be better known for its auction format, fixed price merchandise accounted for over 1/3 of total sales on eBay.

Without a doubt, many individuals just like you, cash in daily on eBay big time. And we’re not talking about used goods, collectibles, and online auctions.

The fastest growing categories on eBay are brand new items going at a fixed price!

What eBay Can Do For Your Business!

If you don’t give eBay a chance, you could be missing out on a lot of extra money.

But be warned, eBay works very differently. Not knowing what to do may waste you a lot of time and effort. But for insiders, eBay is sure to make you a lot of money with very little effort.

Starting now, and going to continue in the next couple of weeks, I’m going to give you advice on how to sell on Ebay. The advice I’m going to give you comes from what I have learnt and experienced over the last year.

Your key ingredient is to collect Positive Feedback A.S.A.P

One of the key ingredients that keeps eBay safe is the feedback system. On eBay, every potential buyer closely examines a seller’s feedback rating before making a purchase.

Your goal is to look good on the system, as soon as possible!

The feedback screen provides three key statistics that every buyer looks for:

·First, you can see how many ratings this seller has accumulated. ·Second, you see what percentage of the ratings have been positive. ·Third, you can see how active the seller has been in the last month.

If you are a new eBay seller, you have a lot of catching up to do, and this is how you can get good feedback, fast:

Start with Low Prices

Don’t worry too much about maximizing your revenues or profits at the beginning. Break into the marketplace first. Look at it as an investment to establish your presence and reputation on eBay.

If you want to get positive feedback fast, and establish a name for yourself on the eBay marketplace, undercut the competition.

Lower your prices and offer them a bargain that is too good to miss out on! This way it won’t take you months before you ramp up your business on eBay. If you offer digital downloads, following this strategy is even easier because it costs you much less to provide the product.

Example:

You start your eBay business, and have a great digital product. You check out your competitors and after a little resurge you figured out that the product can be sold for $15(this is the price other players are selling a similar product for). So you start selling at $2.

Like I mentioned before, don’t worry too much about maximizing your revenues or profits in the beginning.

As you get more and more good feedback, you eventually raise your price to $15, Now you are at the same level as the other players.

Another simple thing that you can do is to start buying products. You start looking around for products that cost you between $0,01 and $0,99. When you are buying things you get feedback to. This is even a easer way to collect positive feedback.

People can see your feedback score and how it is built up - did you get your feedback from buying or selling thinks.

You have a perfect Feedback score and that is what your customers are looking at. Your customers now see a person who is reliable, and that’s all they can go on!

If you look at the whole picture of selling on eBay, this is one detail.

So in the next couple of weeks I’m going to share with you other important details to, details that are going to help you to make a living on eBay and to make a living online.

Over the last few years the number of people using eBay has grown rapidly. While many eBay users are just buying and selling for some extra cash or as a hobby, there are many people out there taking it to a new level and running their own full-time business.

These people are making their eBay home business a main source of income and have figured out all eBay’s marketing strategies in order to be productive.

There are many reasons to start an eBay home business, but whatever the reason, it is sure to be successful.

Why start an eBay home business? Out of all worldwide businesses, 64% said that the Internet has had a good impact on their sales. Also, having an online business can greatly increase geographical sales by reaching customers all over the world, which otherwise, would never have been possible. 73% of business owners have also managed to cut their administrative costs by putting their business online.

An eBay home business can give you the flexibility to start work when you want and finish when you want. Working from home, you can be your own boss and decision making is entirely down to you and no-one else.

Starting an eBay home business is relatively easy and a little market research will go a long way in determining your success.

Selling junk that people don’t want will get you nowhere and you’ll most probably be doomed for failure… even before you begin, but researching into what products are’ Hot’ and what your buyers are actually looking for, will most definitely have the opposite effect and your eBay shop visitor’s will be screaming out to buy your products.

‘eBay Seller Central’ http://pages.ebay.com/sellercentral offer an excellent resource in getting you up to speed with every aspect of the eBay marketplace. This also includes ratios on what products are selling well and products that are not.

You should also consider using third party eBay market research tools such as Terapeak or HammerTap in your marketplace research.

The bottom line is supply and demand; you must find the products that are in demand and then supply that specific market.

A recent ‘AC Nelson’ poll showed that nearly 53% of online shoppers plan to buy even more in the next year. A large part of this shopping is done on eBay. After all, it is the Internet’s No.1 shopping and auction website. If that’s not a good reason to start an eBay home business, then I don’t know what is.

With over 160 million registered eBay shoppers and over 100,000 of them on eBay each day, an eBay home business definitely has the potential to be successful and make the user a lucrative income.

eBay also offer excellent e-commerce advice and helpful tips to get you started at: http://pages.ebay.com/merchantsolutions/ecommerceresources/ and can put you in good stead throughout the duration of your new business venture.

Thinking of what to sell on eBay with your new home business needn’t be difficult.

Do you have a specific hobby that would interest others or do you know enough about a subject that would perhaps class you as an expert in that field? If so, create and information product that would pertain to that specific hobby for example:

Cycling - “A guide to Bicycle trips in Europe.” Bicycle spare parts are also becoming harder to find. Creating a market for this specific niche could be potentially profitable.

Cookery - “101 Delicious recipes for Diabetics.” You may have been a chef or cook and you’re looking to create an additional revenue stream using the knowledge you possess.

Recently, eBay has disallowed the sales of digital products on auctions. You can still sell information products with classified ads or you can sell a CD with your product(s) on it as a regular auction listing.

Google is a fabulous resource for market research and by simply typing into their search query box whatever interests you, would return thousands, if not millions of topics to give you ideas and inspiration to get your eBay home business started.

Providing your customers with a service or a product that cures a problem, can provide your new eBay business with profitable sales for many years to come.