by Adam Kuban
How to Make Money on Ebay
Tired of working your dead-end 9-5 job? Maybe it’s time to seriously think about starting your own eBay business. In this article I will go over the basics on how to make money on eBay. When I mean making money on eBay, I mean making thousands of dollars a month PROFIT and replacing your job with your own eBay business. After reading this brief article you will have a much greater grasp on how to make money on eBay, and I will also be offering my secret to getting products for much less than what you can sell them for.
Setting up an Account – If you already have an eBay account, then you can skip this step. If not, just go to eBay.com and register. Once you’ve registered, spend a day or two browsing the site and getting for a feel for it. I also suggest buying a product or 2 that you may like, after all, you want to know what your customers will be getting into.
Selecting a Niche – If you want your eBay business to flourish, you should be dealing in an area that interests you. Take some time to think about what your interests or hobbies are. Try to sell something that you truly enjoy, because passion creates profits like nothing else. Once you think of a product (or category of products) take a look around at those products that are currently selling to gauge whether the product produces the sales you’re looking for.
Acquiring Inventory – There are a few ways of finding inventory for your eBay business. One of the easiest ways to start out is by looking around your house for items you don’t need. Like the old saying goes, one man’s trash is another man’s treasure.
Another pretty cheap way to get an inventory of items to sell is by visiting thrift stores. Though most items at thrift stores are worthless when it comes to reselling, you may find a few gems that could earn you some extra cash.
You can probably tell by now, these two methods of acquiring inventory are NOT the ones being used by the big guys on eBay. If you want to earn a GOOD income on eBay you are going to have to find a wholesale supplier.
Wholesale Suppliers – It can be difficult to find suppliers when you’re just starting out. Wholesalers usually don’t advertise to the general public so finding them can be a real hassle. There is, however, a site which many eBayers solely rely on for their suppliers. www.HighProfitWholesale.com connects you to over 8000 wholesale suppliers selling a HUGE variety of goods, whether you’re looking to sell ipods, xbox 360’s or baby clothes, HighProfitWholesale.com has it. This is probably the most useful site you’ll find when you’re trying to start an eBay business.
Now that I’ve gone over the basics and provided you a source for your inventory, you have no excuse when it comes to starting your own eBay business. Get ready for the satisfying life of self-employment.
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