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 section are up to, & what their strategies are. Pay special attention to any flaws their auctions might have, because this is where you can move in & beat them at their own game.

Step 3: Find a product: Get hold of a supplier for whatever it is you require to sell, and see what the best rates you can get are - don't be afraid to ring round a few to get the best deal. If the eBay prices you have seen are higher than the supplier's, then you are set.

Step 4: Start small: Don't throw thousands at your idea straight away - start slowly, see what works & what doesn't, & learn as you go. Keep in mind that it is cheap to try out even the craziest ideas on eBay, & who knows, they might 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, repeatedly. The chances are that you have found a lovely niche.

Step 6: Work out a business plan: A business plan doesn't need to be anything formal, a few pages that outline the market opportunity you have spotted, your strategy, strengths and weaknesses of the plan as well as a brief budget. This is more for you than it is for somebody else.

Step 7: Invest and expand: This is the time to throw money at the issue. Buy stock, and start spending more time on your business. Set a aim number of sales each week, increasing it each time.

Step 8: Make it official: One time you have made a few thousand dollars worth of sales, you ought to register yourself as a business. Don't be concerned, it is not expensive or hard to do - a lawyer is the best person to help you through the method.

Step 9: Automate: You'll probably find that you are writing the same things repeatedly in emails or item descriptions. This is the time to give up on the manual method and turn to automated program that can generate listings for you, and reply to done auctions and payments with whatever message you provide.

Step 10: One time you get in to the swing of things, you might start thinking that you ought to quit your job and take up eBay selling part time. But it is not always as simple as that - there's all sorts of factors that you require to think about. The next electronic mail will weigh up the case for and against taking up eBay full-time.

Never give up: Even when it looks like it is all going wrong, don't cease trying until you succeed. In the event you keep working at it then you'll  always find that you make a actual breakthrough when things are beginning to look desperate.

Post a Comment