- Business and Employment
Turning A Profit Using Amazon And eBay
Step 1: Use Mechanical Turk
Mechanical Turk has been around for quite sometime and it seems that many people are not big fans of the site because they believe that there is not a whole lot of money to be made on the site. This may be true but this does not mean that a person cannot make money by using Mechanical Turk as a tool for making money.
With that said, sign up for a Mechanical Turk account and then start completing tasks that you qualify for. Try to earn yourself $5-$10 per day on Mechanical Turk, and do this for about 3-4 weeks but do not use the money you are earning. Make sure you do not touch any of the earnings you have made using Mechanical Turk, not until 3-4 weeks have passed. If you earn yourself $5-$10 per day, then after 3-4 weeks you will have around $100-$300, give or take.
Step 2: Choose A Niche
Once you have between $100-$300 in your Amazon account, thanks to Mechanical Turk, you will want to choose a niche. If you want to sell romance books, then use the money in your Amazon account to buy a bunch of romance books from Amazon.
Step 3: Sell, Sell And Sell
Once you have gotten money in your Amazon account, and then you have chosen a niche and some products to sell, you will then need to sell them.
Place the products that you have bought on Amazon onto eBay and then eventually place them for sale back on Amazon. Sell them at a lower price then what your competitors are selling them for. You will not be losing out any money if you think about it because the only thing you put in was your time.
You could also set up your own website or blog and sell the items that you have gotten from Amazon.
Making money selling items on eBay and Amazon as well as your own website or blog is still possible but it is always best to try to do things a smart way. Join Mechanical Turk, earn some money for your Amazon account, buy products and then sell those products. Eventually you may find a niche that will provide you with some good profits.