Tag: eBay business

Oct
25

eBay Selling Tips Part Two

by , under Internet Marketing


eBay selling tips part two is a follow up post to further help you with your eBay selling and/or eBay business.

If you didn’t get a chance to check out the original eBay selling tips you can check it out now at the aforementioned link.

That being said, let’s go ahead and get started with the additional tips.

1. Get a tax ID and or reseller’s license. The cost is relatively low…usually about $25.00 to $50.00 depending on your state. You will find that it will help tremendously in the way of securing legitimate wholesale companies who are willing to sell their products to you at a wholesale price. If you’re unsure how to get this just check your state’s Department of Revenue website or your local area Chamber of Commerce.

2. Once you have enough inventory consider starting an eBay Store. The basic package runs about $15.95 a month but includes many benefits not available to regular eBay sellers such as real time reporting, pageview statistics from your shoppers, the abilty to offer discounts with markdown manager, exclusive merchandising features and much more.

3. Customize your templates and or listing backgrounds by learning more about html. eBay allows the use of html in your listings to change color, add images and pictures, change text, layout width and length and etc… Try visiting a site called FreeForm. It’s free to use and may help quite a bit.

4. Consider setting up an LLC or incorporating your business for legal protection against law suits and to help with taxes and write offs and such. You can usually download the forms from your state’s Secretary of State website but it can get complicated doing it yourself. There are many websites online who will do this for you as well for a fee. Some are higher priced than others and some are just plain criminals. I’ve read good things about CorpNet, Incorporated if you would rather have somebody else handle it for you. Setting up a corporation is serious business and should be treated as such. If you have a personal attorney you might consider talking to him or her first.

5. Use item specifics when setting up your listings. When you list a product on eBay, the “Sell Your Item” form will ask you specific questions about the item your selling such as color, size, brand and many other questions based on similar listings. You’ll want to add as many item specifics as you can per listing. The reason is because many people searching to buy on eBay are searching for specific things and they will use the eBay functions to narrow down their search. If you don’t have the item specifics filled out your product may easily be skipped over.

6. Try to start and end your auctions at optimal times. You’ll want to do this for increased sales of your listings. Saturdays and Sundays at noon is a good time. If you must end them through the week try to end them around 5:00 to 7:00 PM. This should give everybody enough time to get home from work. Also keep in mind the different time zones.

7. Always Preview your listings. This will accomplish two very important tasks. By remembering to preview your listings before listing it you can be sure to fix errors and also check that your listing is easily readable with proper spacing between benefits and selling points.

8. Take great photos. How many times have you purchased an item on eBay that had a terrible photo? Probably not too often! Get yourself a good digital camera with high megapixel capability. Don’t be afraid to show different angles of the product and use different lighting when needed.

9. Keep track of your costs. There are fees involved when selling a product or products on eBay or anywhere else. To be profitable, as with any business, you must have a real understanding of your true product cost. Not only will you have the cost associated with the purchase and shipping of the product when you bought it wholesale but you will also pay other fees such as listing fees, final value fees, shipping cost and shipping materials, Paypal and credit card fees and so on. It’s critical that you always know and understand what fees are involved in selling a product otherwise you may sell a boatload of stuff and find out that you’re in the hole at the end of the month.

10. Make an effort to find your own niche market. Everybody and their mother sells electronics on eBay. This makes the competition stiff and keeps your profits low. Try to find a niche product in high demand by a relatively small group of people. This can help ensure the future success of your eBay business.

Ok… that’s about all the eBay selling tips I have at this time. I truly hope these tips help you to succeed in your eBay business. Stay focused and try to keep it fun and I’m sure you’ll do just fine.

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Jul
02

The Undisputed King of eBay Media

by , under Internet Marketing


Today I want to share with you another super eBay success story?

I know a guy who, at the ripe old age of 26, has earned himself an above average living as the undisputed king of eBay media selling discounted new release blu-ray movies as well as new and used DVD’s and Music CD’s.

His story is true and I know it to be factual because he is my little brother Derrick Waggoner.

Right now I’m in Nashville, Tennessee at his home office enjoying a great opportunity watching the daily logistics of his business in action.

It all started about 8 years ago in 2002 when Derrick was still a senior in High School. At that time he wanted to be in the FBI and had already been researching the steps necessary to become an agent. He was also searching for a way to earn extra money for college which prompted him to begin self teaching himself about how to sell items on eBay.

Derrick saw the kind of money people were earning on eBay and went out immediately and found a special sale at a local office supply store. The sale was for a multi-pack of blank DVD-R’s. The item had an instant in-store rebate making it free after purchase. He went home and listed on eBay and sold it for a profit.

That was all it took for my little brother to start building his empire. The first year he had $10,000 in sales doing that very thing. He would watch the paper to find stuff on sale then buy it and immediately re-sell it on eBay.

In his third year he made $30,000 in sales and his FBI ambitions were slowly fading away. Derrick had built a legitimate business without investing one penny of his own money.

It wasn’t until mid 2007 when his business began to spread it’s wings and really took off.

A trusted wholesale supplier had been watching Derrick’s sales on eBay and decided to contact him. Derrick had been saving his profits for the right moment and this was it. He purchased a huge lot of new release movies on DVD and the rest is history!

Today his business is now doing approximately $20,000 in monthly sales.

He specializes in New Release Blu-ray movies but also offers newly released music CD’s along with new as well as used DVD’s.

Derrick makes it a point too offer the lowest price with the biggest variety. Many people visit his site at eBay and Amazon on a weekly basis just to see what new releases he has available. Others shop with him because they know if they want a certain title he is going to have it available 9 times out of 10.

The majority of his business still comes from eBay but he now also markets his media products on Amazon.com, Craigslist and through email.

I asked him what message he would want to tell others seeking to build their own legitimate online business and his response was simple.

“Buy cheap, work hard and treat your customers extremely well.”

In my opinion it is the traits noted above that have earned him the title as the undisputed king of eBay media.

My family and I are so very proud of my little bro and wish him only the best for his business in the years to come.

You can check out some of his movies and other media available at his eBay links noted above.

Best Wishes!

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