3 Interesting Ideas to Make Money on ebay

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1) Sell Used Cell Phones on ebay
The demands for used cell phones with brand names like Nokia, Motorola, Kyocera, Alltel, Ericsson, Sprint, etc in ebay are pretty high. Many of the used cell phones auctions in ebay usually attract bids.

So how to find used cell phones to profit on ebay?
Many people change their cell phones every year. If you are one of them, probably you already have 2 or 3 used cell phones kept at home that can sell on ebay. Your friends may also keep a few of old phones left unused. You can buy from them and resell on ebay.

To get a consistent supply of cell phones, you may think about placing classified ads in newspaper states that you pay money for used cell phone. You shouldn’t pay much when buying used cell phones. Do a little research on ebay to find out how much used cell phones are generally selling. If a used cell phone sell at a price of $50 in ebay, you should pay not more than 30% of the price to buy it. If the phone is a recent model you can pay little more and cut a little if it is old and nothing special.

2) Sell Used How-to Books
Used how-to books are quite easy to find and inexpensive to buy. They can be bought at $1.00 or less. You can buy how-to books from thrift shops, estate sales, used book stores, yard sales, etc and sell them in ebay for high profit margin. You can also get how-to books from Book Sale Finder. Here are the type of books you should look for:

Hobbies
Photography, blacksmithing, clock building & repair, woodworking, magic, treasure hunting, iron work, pipe smoking, dog training, antiques, coins, buttons, medals, drawing, painting, craft making, dolls, pottery, etc.

Home and Garden
Home decorating, home remodelling, garden trellis, etc.

Misc
How to repair (watch repair, door repair, pipe repair), how to play, lost treasure, eary aviation, etc.

When you list your books in ebay, you can either list them in the “Book” category of ebay or in the subject specific category of ebay. For instance, If you are selling a book related to home decorating, you may be making more profit if you list the book under the “Home Deco” within the “Home & Garden” category of ebay campare to listing the book under “Book”

3) Sell Gift Cards

Gift card is another profitable market in ebay. There are many people possess gift cards but not everyone of them will use their gift cards. If you can offer to buy these unused gift cards for a price at 20% or less of the value of the gift certificates, they will sell to you. You can advertise your offer in local newspaper, penny shop and trading post. You are looking for gift cards that are still valid (not yet expire). Most gift cards have a toll-free number on the back you can dial to check whether the cards are still valid.

When determining the buy and sell price of a gift card, you should do some research on ebay. Try to look for auction that sell the similar card. See how much the card sells in the auction and set you buying price at 40% to 50% of the selling price of the auction. The starting bid and winning bid of the auction can also give you an idea on how much your card can sell on ebay.

 

How to Increase Your E-Bay Response

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Only a successful sale generates profits. You can encourage visitors to your auction, you can alsvo get them to read it, but the most important thing is to get them to bid on it. Below are some tips that can help you increase response on your e-bay listing and make more money on each sale:

1) A lot depends upon how you design your auction. You have to attempt to put information on it in a manner that it gives the much required incentive to the casual or interested visitors to actually bid for your item. For example some people do not give enough importance to the accompanying picture they have posted on eBay. A professionally shot picture with proper lighting and un-intrusive background is as vital as the description of your item.

2) Most of the bidders are apprehensive about disputes and the hassles that they might get into after they pay up. To allay such fears the best policy is to sign up at SquareTrade and get permission to display their logo on your auctions which will assure the bidders that they will be not be shortchanged in any eventuality. It gives a professional look to your auction and you will always see it on PowerSellers auctions. To further your professional image and build confidence, put up all business practices in a visible place giving details, including shipping, time schedules, and refunds.

3) Nothing boosts confidence more than good feedback. Include all positive feed back comments prominently and in the event that you have 100% positive feedback, make sure that it is mentioned on all auctions. If you have a reserve price it is likely to discourage bidders. Displaying a NR (no reserve) along with your item’s name should take care of that.

4) Benefits not features: Make sure your description emphasizes on the benefits that your item can give to the customer, not just its features. This is a classic sales technique. If you have trouble with this, remember: ‘cheap’ is a feature, ’save money’ is a benefit.

5) You can never be sure of which payment method a particular bidder might be comfortable with. Try to include unusual payment methods such as checks, which most of the sellers try to avoid. Also keep just two or three auctions going on for an item you have more than one of in stock rather than choosing the Dutch-auction route.

6) Remember that much depends upon the search results when it comes to categories that are crowded. To ensure that your product comes up in the first ten results and you get the maximum hits you need to upgrade regularly. The best upgrades may be expensive but they may be worth the money you spend for them.

 

Free List of US Drop Ship Wholesalers for Your eBay Business

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A lot of people have no idea of what drop shipping is and how drop ship wholesalers can help people make money online. So I think I should explain a little about drop shipping before I go on to the list.

A drop ship wholesaler is a wholesale company allowing you to sell a range of products of the company without even touching the products. You don’t need to pay money to purchase goods in bulk from the drop ship wholesalers. You just place an ad on ebay or display products pictures on your online store. When a customer pays you to order a product, you’ll then pay the drop ship wholesale company at wholesale price for the product and the drop ship company will package and ship the product on your name to your customer.

Drop ship wholesalers have been widely used by ebay sellers. If you plan to start using a drop ship company for your ebay business. You got to make sure that the drop ship company is reliable.

I have compiled a list of drop ship companies that you can use to start making money on ebay. Some of these companies are recommended by ebay sellers, experienced Internet marketer and bloggers. They are real company. But before you start dealing with any of them, you should do some research on the company to find out the company background, their reputation, history record and comments from people who have used the company.

http://www.doba.com (have good reputation, Supplying a list of retailed products)

http://bodysoulelements.com (natural bath and body products)

http://www.cwrelectronics.com (electronics wholesale dropshipper)

http://www.dragondistributing.com (Car Audio Products, Home Theater Products)

http://www.moteng.com/Home (knives, flashlights, security equipment, and outdoor products.)

http://www.raxusa.com (skateboard products)

http://www.smcorp.com (gifts, collectible toys, novelty items)

http://www.dbldistributing.com (electronics and electronics accessories)

 

5 Simple Steps to Posting Your First eBay Auction

Category: Tips and Tricks    |    510 views    |    11 Comments  |   

It’s surprisingly simple to get started posting your very first auction on eBay. Here’s what you need to do.

Step 1: Open an eBay seller’s account
If you’ve bought things on eBay, then you already have an account - just log in with it and click ‘Sell’ in the toolbar at the top of the page, then click ‘Create a seller’s account’. If you’ve never used eBay before, then you’ll need to open an account first using the ‘register’ link underneath the toolbar, and then click ‘Sell’ and ‘Create a seller’s account’. The eBay site will then guide you through the process. For security, this may involve giving card details and bank information.

Step 2: Decide what to sell
For your first little experiment with eBay, it doesn’t really matter what you sell. Take a look around the room you’re in - I’m sure there’s something in there that you’re not all that attached to and could put in the post. Small books and CDs are ideal first items.

Step 3: Submit your item.
Click ‘Sell’, and you’re on your way to listing your item.

The first thing you need to do is choose a category - it’s best to just type in what the item is and let eBay choose for you. Next, write a title and description. Include key words you think people will search for in the title box, and all the information you have about the item in the description box.

Now set a starting price. $0.01 is the best starting price, as it draws people in to bid who otherwise wouldn’t, and items will almost never finish at such a low price. The next thing to set is the duration of the auction: 3, 5, 7 or 10 days. This is up to you: longer sales will usually get more bids, but will also seem to drag on forever. If you’ve taken a picture, add it now - items with pictures always sell for more. Finally, tick the payment methods you will accept (just PayPal is best for now), and where you will post to (limit yourself to your own country to begin with). Submit and you’re done!

Step 4: Wait for it to sell
This is just a matter of sitting back and letting eBay do its thing - buyers will find your item and leave bids on it. Some bidders might email you with questions about the item, and you should do your best to answer these questions as quickly as you can.

Remember that if your item doesn’t sell then you can list it again for free.

Step 5: Collect payment and post it
eBay will sent your buyer emails guiding them through the process of sending you payment for the item. Make sure you have the money before you send anything.

Once you’ve got the payment, all you need to do is pack the item for posting (make sure to use some bubble wrap), take the buyer’s address from the confirmation email eBay sent you, and write it on the parcel. Put some stamps on, post it, and you’re done!

I hope you enjoyed selling your first item. Now that you’re starting to get into it, the next email will give you a checklist of things you need to do to be a successful seller.

 

Make Money on eBay: How to Find Profitable Products to Sell on eBay (Part 1)

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You would have heard of people making a lot of money with eBay, selling various products. These success stories compel us to read about eBay and understand how it works.

It is an auction website that is said to be one of the largest online websites and receives millions of visitors every day. Selling on eBay gives us the opportunity to sell to people from all over the world, unlike a physical store, where only locals are targeted. Earning a full time income from home is no longer a dream!

Your first question would be what to sell and where do you find products to sell? Start by selling the few odds and ends that are lying around the house. The saying that one man’s junk is another’s gold holds so true. Of course, that doesn’t mean that you sell under quality stuff. Below are some of the ways to find products to sell on ebay:

Your Home
A good place to find products to sell in the initial stages is your home. I am sure you have plenty of baby clothes, car seats, toys, monitors, books, china, cards, comics, electronics and a number of other things. As long as they are in good condition, these can be sold easily. Once you make some cash with these, you can venture into buying stuff for selling on eBay.

Second Hand Shops and Garage Sales
With the money that was made from selling things around the house, you can now start buying from second hand shops and garage sales. Look out for things that are in good condition. If you are lucky, you may find things that sell well. Do not venture into selling things that are too heavy and go for lightweight items that are easy to send. You will be amazed at the number of things you will find and the profit that can be made.

Wholesalers
Once you have made enough from the above methods, you can start searching for a good wholesaler, where you can find goods at great wholesale rates.

Finding a good wholesaler is not an easy task. There are so many so-called wholesalers whose prices are not competitive. You will not find much help here if you ask others because nobody wants to share the names of good wholesalers as they don’t want competition. This is the art of survival at it’s best!

First, you will need to look around at what is being sold on ebay and what sells well, and check the pulse of eBay. From my experience, I would say that electronics sell very well and since new ones keep entering the market every day, you will find a lot of buyers. Search for wholesalers in this niche, and settle for one that is the best.

I would suggest you join Salehoo.com. This is a place where you can find some of the best wholesalers for anything and everything you can think of. They even have a forum where you can meet others and get some ideas on legitimate wholesalers.