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In every market, there are always going to be people selling things below their market value... Sometimes way below market value..
On ebay there are huge numbers of people selling things in every category imaginable from cars and computers to real estate and businesses. The easiest way to tap in to these markets is to focus a niche of items you are familiar with.
I have always been in to computers, so my first venture in to ebay money making was to buy and sell computer laptops on ebay. These have a high value and can be shipped relatively cheap.
It is important to keep in mind the price of the item as well as the price of shipping to calculate the total you will be paying for the item.
I spent a few days familiarizing myself with the average sale price for items in the category. Looking at prices and specializing in particular makes and models (I used to buy and sell a lot of Dell, Sony and IBM laptops) is the easiest way to determine a good deal when you see one.
And now.. the secret to finding the best deals..
By far, the best deals I have ever purchased on ebay was from looking at the newly listed "buy it now" items. This can be accomplished by selecting the "Buy it now" checkbox on the left side of the ebay item listing pages and change the sort order to "Newly listed".
This will show you the most recently buy it now items in the category..
So what's so important about that? You might ask..
Well, if people (and they do) are trying to get rid of an item and want it to sell fast (which the item does if its a good price) they will list the item as a buy it now at a price thats far below the market average.
This is where studying the market comes in to play. You need to have a good idea of what something in your market is worth. What you could reasonably expect to resell it for.
Once you have accomplished this, you can buy up all the best deals and resell for huge profits.
This method, of course, also applies to ending soonest auctions and sniping. You could just as easily use sniping software to snipe a large number of items, but snipe at very low prices so when you actually win something for very cheap, it will be worthwhile.
This also works great on classified sites such as craigslist.com. You can easily go through all the items in one category and offer about half of what the item would normally go for and if even 1 out of 20 agree, you will get a great deal you can resell for a profit.
So in conclusion, using sniping software as well as monitoring the newly listed buy it now items in a category you are familiar with, you can purchase items as discounted rates to resell back to ebay or local classifieds for a profit. This is a very good business to have with minimal investment (buy what you want to resell).
Drop shipping is also another great way to make money on ebay. You can purchase items at wholesale prices and have warehouses ship directly to your customer and keep the profit. Please follow the link in my author biography to read more about wholesale dropshipping.
Category: EbayeBay Make money selling on the largest auction site on the internet was written by:Author:David SmithAdded: Tue, 17 Apr 2007 20:00:27 -0400 This Article Has Been Read 572 times View all David Smith's articlesAbout the Author: David is an ebay guru with years of marketing experience. If you found this article useful and would like to find out more about wholesale dropshipping, Click here now! |
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