EBay is one of the best known websites in the world. It is used by many people to make a second income and a lot of people make a full time living from it. EBay is potentially a very lucrative income source but you need to know what you’re doing.
Even though there are a lot of people who succeed with it there are also a lot of people that fail. The hardest part of eBay is doing market research and buying items at the right price.
The best way to do market research is to look at past eBay auctions to see exactly what’s selling in any market you have interest in. Once you’ve found products that are in demand you need to replicate this yourself.
On the face of it this sounds really difficult, however when I research past auctions on eBay I use something called hot item finder. All you have to do with it is enter some key words relative to your area, and it will search eBay for past auctions relating to them.
It will tell you how much each item sold for and how many bids it had, it really is amazing. Do a Google search for hot item finder if you want to find out more about it. So the market research is taken care of in moments with the help of hot item finder, then I need to buy the items I’ve chosen.
This can also be challenging if you have had little experience, as you have to buy things for the correct price. This doesn’t just mean a trip down to the local supermarket, you will need to purchase from a wholesaler for example.
Buying from a wholesaler’s means that your products come direct from the supplier, with big discounts and in bulk quantities and you will sell these products yourself. There is also the option to drop ship, this means that you will sell the item to someone and get the money; you will the send the customer’s order to the supplier. The supplier will then process the order and deliver the item to the customer.
The make money online geek can help you learn more about making money on eBay. The geek has successfully made money on eBay for several years and has a wealth of experience.