Click Here! So you want to be a successful seller with your own eBay business, do you? Here’s a simple, ten-step path to eBay enlightenment.
Step 1: Identify your market. Take a while to sit and watch for what sells and what doesn’t out of the items you’re interested in. Any market research data you can collect will be very useful to you later on. You’ll probably see the ‘sweet spots’ quite quickly – those one or two items that always seem to sell for a good price.
Step 2: Watch the competition. Before you invest any money, see what the other sellers in your category are up to, and what their strategies are. Pay special attention to any flaws their auctions might have, because this is where you can move in and beat them at their own game.
Step 3: Find a product: Get hold of a supplier for whatever it is you want to sell, and see what the best rates you can get are – don’t be afraid to ring round quite a few to get the best deal. If the eBay prices you’ve seen are higher than the supplier’s, then you’re set.
Step 4: Start small: Don’t throw thousands at your idea straight away – get started slowly, see what works and what doesn’t, and learn as you go. Remember that it’s very cheap to try out even the craziest ideas on eBay, and who knows, they might just work!
Step 5: Test and repeat. Keep trying different strategies until you find something that works, and then don’t be ashamed to keep doing it, again and again. The chances are that you’ve just found a good niche.
Step 6: Work out a business plan: A business plan doesn’t need to be anything formal, just a few pages that outline the market opportunity you’ve spotted, your strategy, strengths and weaknesses of the plan and a brief budget. This is more for you than it is for anyone else.
Step 7: Invest and expand: This is the time to throw money at the problem. Buy inventory, and start spending more time on your business. Set a goal number of sales each week, increasing it each time.
Step 8: Make it official: Once you’ve made a few thousand dollars worth of sales, you should really register yourself as a business. Don’t worry, it’s not expensive or hard to do – a lawyer is the best person to help you through the process.
Step 9: Automate: You’ll probably find that you’re writing the same things again and again in emails or item descriptions. This is the time to give up on the manual method and turn to automated software that can create listings for you, and respond to completed auctions and payments with whatever message you provide.
Step 10: Never give up: Even when it looks like it’s all going wrong, don’t stop trying until you succeed. If you keep working at it then you’ll almost always find that you make a real breakthrough just when things are starting to look desperate.
Once you get into the swing of things, you might start thinking that you should quit your job and take up eBay selling part time. But it’s not always as easy as that – there are all sorts of factors that you need to consider. The next email will weigh up the case for and against taking up eBay full-time.
great article, sorry when see click here is like a redirect url ?
Firstly, this could have been a hub- it's quite long. And secondly:
"Please note that advertising and promotional posts in the forums will be deleted and may result in the closing of your HubPages account. Do not start threads for the sole purpose of promotion or posting links. Please use the Forums in the spirit of community!"
My dear hubber welcome to the victims club. I made a similar mistake some hours ago.
But I can understand, there are a lot of people out there that are having a rough time.
Some people don't even have enough funds to take their children to see the doctor, god forbid they need urgent medical attention.
Just chill and give the newbies some space.
Of course, he left out the links I think that was a mistake.
This person wrote two similar posts, they don't intend to be a Hubber. They are just a bad spammer
by Amanda S4 years ago
I would love to have my own business some day but have no idea where to begin. Any suggestions for a beginner? I do not have a lot of disposable income yet, so I would need to start small. I would love business venture...
by mdawson178 years ago
I see many entrapurners have great ideas and when they put them into an actual buisness is hard and sometimes leads into failure I am wondering what my fellow hubbers think should be the first steps in getting a...
by Originplus8 years ago
I'm doing research on how to start up a small business. I need info on setting up a business plan does anybody have an idea , any good website or an example of a business plan. Anything in regards to starting a small...
by Carlos Santo7 years ago
I've been researching and looking into starting a forum but I do not think that i will be very great at doing all the scripts and stuff. So if anyone wants to help me run/manage the forum I will be glad to have you on...
by Chinweike7 years ago
As far as writing good business plan is concerned, it must have some vital ingredients. I will just post a few of them here and hope that people coming to this thread will finish the work(1) It must incorporate exit...
by jammyedwards16 years ago
Does anyone know any genuine online ways of working at home part time, etc?
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.