EBay Income Report
If you’ve been considering starting and eBay business, or
struggling with an existing effort, this may be the most
important report you’ll ever read.
If you are new and doing your research in general, you’ll find
that there are literally thousands of reports and opinions on the
market about how to go about the business.
You’ll also probably meet others who are (or claim to be) earning
thousands of dollars each month. ... and many really are.
Getting them to tell you exactly what they are doing or how they
are doing it is something else.
You will also hear advertisements on radio for free disks and
seminars, and probably wind up if you are in or near a major city
being invited to one with the carrot of free materials. When
you get there, you will be subjected to high pressure four figure
training offers. Under no circumstances should you sign up for
one of these. It’s not that the information is necessarily bad,
but only that you can get the SAME information and training
elsewhere for far less cost.
If you are essentially just starting, lets look at this overview:
First is your degree of involvement. If you only want to use eBay
(always properly spelled, by the way, with a small "e" and a
capital "B") ... use as a replacement for a glorified flea market
essentially as a one shot deal to get rid of some existing
inventory, this is a "no brainier" and you can easily do this. It
does not take a great deal of study, although some research is
recommended to help you decide where to price your merchandise.
Even that is not accurate because at different times and under
different conditions of supply and demand you’ll see widely
varying prices for essentially the same items.
If however your goal is to create a full time income, you can do
this as well, but you need to think it out and plan first.
Supply then becomes your major concern. What to sell and where
to get it.
In general, you will fit into one of two major categories of
sellers:
A) Those selling old, used merchandise B) Those selling new
merchandise, including industrial and drop ship.
In either category, it’s best that you focus on a niche, and
preferably a niche where you have a knowledge, interest, and even
a burning passion. You are going to HAVE to have some expertise
in a field and the market is simply too broad for anyone to know
everything.
If you are selling the older, used merchandise, plan on at least
50% or more of your time being spent in acquiring this
merchandise. This means you’ll spend hours at flea markets,
estate sales; networking with those who might have information
on sources such as estate attorneys. You’ll spend hours on the
internet seeing what is available and at what prices, including
time on eBay itself. You’ll need Ca$h to acquire much of this
merchandise and a place to store it. And when you decide that
this is a full time job you don’t want, your income will quit.
You can also establish contacts with retail sellers of products,
both industrially and in the general retail market where stores,
manufacturers, etc. close out outdated lots and inventory. Some
of this may be with major stores and chains who probably have
established outlets but there may be many smaller independent
stores going out of business or wanting to dispose of unsold
(possibly seasonal) merchandise and you can establish a rapport
with those owners. But keep this in mind: If it did not sell for
the people who are experts in selling this category, what are
your chances going to be?
Of course you can consider opening a storefront and selling other
people’s merchandise they bring to you, and splitting the
profits. Become certified by eBay as a reseller and this will
lend credibility.. but first, you’d better learn how to research
pricing in a broad area first. This is one "work around" to the
continuos supply problem, and while you don’t earn as much per
sale, it does solve the continuos finding of merchandise
situation.
The second category is the new merchandise, and you’ll find this
as new (i.e., never previously bought/sole/used) from a variety
of manufacturers or sellers (such as retail stores).. but the
more common one is the drop shippers. With drop shippers, you
essentially send them a wholesale price and they send to your
customer. You generally get paid first from your customer, then
arrange your purchase and have it shipped. You can find ads all
over the Internet for drop shippers, but there are a couple of
things you must be aware of. First is pricing. Drop shippers have
a wide variety of pricing, although this may not be readily
apparent. Power and repeat buyers from them get lower prices than
the casual buyer, and you may find the very article you want to
buy, and getting "wholesale" for advertised on eBay for general
sale at a lower price than your drop shipper is offering to you!
Chances are that seller is a power buyer and getting a deal that
you just don’t qualify for ... at least right now. The other
thing is that you end up selecting and selling an item based on a
price you see from a drop shipper.. and then discover the drop
shipper doesn’t have the availability. Now you are in an
embarrassing position, to say the least. You have taken the
money, but can’t deliver. Or at least can’t deliver at a profit.
What do you do?
Again, the majority of your time in your business is going to be
spent doing product and availability research. It’s just that in
this category you are not going to be getting out and going to
thrift shops, yard sales, estate sales, small stores, etc.
Instead of essentially "one of a kind" items, you’ll be generally
dealing in larger lots. Also you will not be handling or
shipping merchandise for the most part.
So you can see there are two very different and basic
personalities to the eBay seller...and this only applies to the
broad general categories. We have not discussed the hobbyist who
manufacturers their own goods ranging from recipes to craft
items.
While there are thousands of resources available as mentioned
earlier in this report, we find three especially useful and
complimentary.
The first is the official eBay selling guide book provided "free"
to all participants of training classes provided in cities and
towns across the United States by independent but certified eBay
trainers. eBay generally posts these training schedules on their
site, and the fees generally run under $50. They are typically
small groups, and the first one I attended was held in the
meeting room of a local (Panera) restaurant. Class was in the
morning; we had a break for lunch (we each purchased our own, and
it was optional), then we hung around for an informal question
and answer session. It gave us time to network. Note that not all
instructors will be as generous with their time and stick around
as ours was; this is an option. But I still maintain contacts
there and exchange source information with my classmates.
But you may have a wait for that class, and want to get a jump on
your knowledge. In this case, a comprehensive and affordable
resource and readily available... even via the internet is the
popular "for dummies" series, in this case, the REAL book, "eBay
for Dummies". We suggest this as in nearly all cases we’ve found
every "for dummies" book we have purchased to be accurate and
have no hidden agendas.
Both of these resources are very basic and elementary and don’t
give a great deal of specific resources. But they do both teach
you the questions to ask and point you in some very specific
directions.
We have purchased and read many resource materials, and in fact
engaged in profitable eBay business operations. But like many
other endeavors and points one comes to in life, we chose to
retire, and as pointed out earlier in this report, to earn a full
time living in eBay requires a full time effort. We (my wife and
I) tired of the trekking around to stores, yard sales, etc and
those resources were limited to us on a calendar basis as we
lived in Pennsylvania. I tried industrial resales as being in
Pittsburgh, I was in a major industrial area.. but found that the
manufactuers I could talk to were well established with outlets
and sources developed over a long period of time and not inclined
to want to change. We remain active on a part time basis in a
niche market having to do with aviation stock certificates... but
this is not a "living income" and is as much of a hobby as a
primary income source. This is not to say we don’t feel we have
lost our credibility, and in fact, now also enjoy teaching about
eBay as in this report.
Finally, we do want to recommend one source we feel that is among
the very best available, and it is offered without significant
cost or risk. It is a course produced by the Corey Rudyl
organization, and anyone who has been any kind of a serious
student of Internet Training recognizes that name. The report not
only teaches the principles, but reveals the exact selling SYSTEM
an average guy from Nebraska used to make over $8,000,000 last
year on eBay selling everyday items (like kids toys, shoes,
electronics, tupperware, etc.).
You may say, Joe, like yourself, I don’t want to work at this
forever, but if I can bank $500,000 over the next 24 months, then
I can retire and live off that money which I’ll invest
intelligently. Exactly! You have the point.
We have found this course to be timely and accurate, and as you
read the promotional copy, find that you have a money back
guarantee... That if you do the reasonable steps outlined in the
course and do not more than triple your investment in early, your
full purchase price will be refunded. This comes from a very
reputable course supplier who you can trust to honor their word
if you follow the procedures. That’s fair. There’s also a free
offer at the site that makes it worth checking out.
Here’s where you need to go:
http://www.rbizsite.com/ebaycourse.html
All of that being said, I hope and trust this report is useful
for you. At very minimum, log on and check it out and get the
free "pre course'.
Good luck,
Joe Leech Retired in Melbourne, FL!
The author brings substantial experience to this subject, but additional information and a free expanded report can be obtained at http://www.rbizsite.com/ebaycourse.html
