Thursday, July 20, 2006

Make Money Online – Selling on E-Bay

More than one million people visit e-Bay every day. How can you get in on the action? Knowing what to sell is the biggest hurdle.

Sell High-Demand Products
You can see what products are currently hot by check you eBays Hot Categories at http://pages.ebay.com/sellercentral/hotitems.pdf which can give you an idea of which items you may want to start selling. Once you make a choice as to what kind of product you are going to sell the next step is to determine who you will buy your products from. You have the option of buying from a wholesaler, but normally you need to buy in bulk which can mean you need to invest several thousand dollars in order to start your e-business. Another option you have is going with a drop shipper. Drop shipping allows you to maintain no inventory and costs nothing until you sell a product. The drop shipper then ships the product to the customer once the sale is complete. It’s a great way to make money online.

Garage Sales and Flea Markets
Always rummaging through garage sales to find nothing but junk? Turn that junk into cold hard cash! Garage sales are the best ways to find deals of a lifetime – you can literally have a profit margin of 1000%. The only downside is you never have a consistent supply of an item.

Selling Returned Products
Ever wonder what happens to all the products customers return with no defects. Surprisingly most of them are trashed even though nothing is wrong with them. Try approaching store owners or managers to see if you can work out a deal to buy returned, non-defected items. You will always have a supply and have access to products at prices they can’t beat.

Trade Shows and Events
Trade shows or yearly events are great ways to find products to sell on eBay. Most of the time these products are offered at discount prices which increases your profit margin. Also, normally these products are sold at these events before they hit retail sales stores. Therefore, you can get a product that may not be readily available to the public.

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