How you Make $100,000 on Ebay in One Year
Filed Under (eBay) by Brandon and Skye on 22-07-2008
Tagged Under : 5 Million, Auction Format, Big Time, Collectibles, Doubt, eBay, Ebay Advice, Ebay Seller, Ebay Users, Extra Money, Feedback Screen, Feedback System, Insiders, Key Statistics, Marketplaces, Online Auctions, Positive Feedback, Price Merchandise, Sell On Ebay, Worldwide Trade
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.
