How To Make Money On EBay
Saturday 22 May 2010
There is a lot of money to be made as a seller on eBay. Thousands and thousands of sales are made each day, resulting in a lot of income for a lot of sellers. And there is still room for you if you want to get involved – whether you want to earn some part time cash or set up a whole new full time business on the side.
But where do you get your stock from? How do you get started? And how can you build a business that gives you PowerSeller status? Relax – you’re about to find out.
It’s easy work to get started earning money on eBay. Once you’ve signed up for your free account the best way to get a feel for what selling is like is to auction off some of your personal items that you no longer want. If you are going to start buying stock to resell, you’ll do better by getting some basic selling experience first.
While we are on the subject of stock, you’ll need to decide what kind of business you are going to set up. Of course you can sell anything you like, but if you want to make a name for yourself it helps to become known for selling a specific type of product.
Now that doesn’t necessarily mean your product area needs to be a small one; on the contrary it could be quite large. You could sell toys for example – there’s plenty there to keep any seller going for months on end without selling the same thing twice. You do need to pick a popular product though, and it’s worth doing some research using eBay’s advanced search feature to find out what is selling and how much it’s selling for.
So let’s say you want to sell computer games, for example. There are hundreds of games you could buy to sell here, but if you don’t know which ones will sell you could lose a lot of money buying the wrong stock. By searching the ended listings you can see which titles consistently sell well, and which ones will produce the best profit for you.
Okay – so you know how to figure out what to buy. Now you need to know where to get it from. It stands to reason that no seller is going to tell you where they get their stock; that would be like giving away the keys to their business. In order to find the best sources for stock you need to do a bit of legwork.
We should mention here that there are two main sources for stock – wholesalers and dropshippers. Both have their pros and cons; it just depends on which method you personally prefer.
Dropshippers hold all the stock for you, so you only actually pay for an item once you’ve received payment from the customer. You may have to pay a fee to join the scheme in the first place though. If you choose to go with one or more wholesalers you will need to have the room to buy the stock, and the money to buy it in advance. This comes with more risk since you could buy stock that doesn’t sell, but with the tactic we’ve already covered for checking completed listings before you order anything, the risk here should be kept to a minimum.
So – back to where to find these sources. If you have a particular product in mind that you want to sell, the simple act of looking at the packaging can often reveal the name of the supplier. You can then check out their website to see what else they do.
Another method is to search for what you want on Google. This sounds deceptively simple and in fact many people don’t think of doing this. It can be a bit hit or miss, but it’s possible to find some excellent wholesalers through this method. Over time you will go from having one wholesaler to a handful of sources to get your stock from, and you can build up your product range as you start to grow.
Building your feedback is an important part of being a good seller and the higher you can get your score the better. It sets you apart as being a dedicated seller. And the faster your score climbs, the closer you get to attaining PowerSeller status.
The PowerSeller symbol is highly prized among serious eBay sellers, and there are five levels to strive for. The first is Bronze, and it’s a lot easier to reach than you might think. While you might set a goal for yourself to reach PowerSeller, you will find that if you build up your product range and gradually increase your sales, you will reach it in no time. And if you get off to a great start you might just do it in three months – the minimum time you can actually do it in.
Many sellers have their own shop on eBay, but it’s not necessary when you first get started. In fact you are often better off waiting until you have a good range of stock before opening a shop, since it can look rather empty if you only have a handful of items.
The final thing to think about is the price of the items you are selling. It stands to reason that if you sell a hundred different products in the $5 to $10 price range, you won’t make as much cash as you would selling a hundred in the $50 to $100 price range.
But you need to work out what you enjoy selling and what you can sell lots of to experience real success on eBay. Don’t go for expensive products just because they might bring a bigger profit. Go for your calling – that’s where you will experience the biggest success.
Above all, remember that it can take time to build a successful business – but if you’re determined to achieve real success on eBay you should be enjoying the journey.
If you have any questions or comments about making money on eBay, please leave your comments below.
Make Money Taking Online Surveys – Free Membership
Every company relies on market research to tell them what people think about their products and what they would be most likely to buy (and why) in the future.
To do this they create surveys and offer an incentive so the general public will fill them in – and most of them are distributed as such over the internet. It’s the quickest and easiest way for a company to get the information and feedback they need since it is cheaper than many other forms of communication.
This is great news for us as it offers an opportunity to make some money online. And it doesn’t take long to get started either.
Want to get started right away? Visit SurveyClub and enter your details (It’s a Free Service) and you will start receiving surveys to fill out and start earning. Click Here to start now!
If you are able to answer a few simple questions and fill in some details, then you can earn a nice income from taking online surveys and helping companies with their market research. Some will pay you a small amount every time you fill out a survey, while others use more of a sweepstakes approach, and offer cash and prize draws to those who fill out their surveys.
There are plenty of sites which will alert you to the best opportunities and send you surveys whenever they become available, and you can sign up to many of them for free. Some of them will be more relevant to others depending on what country you are in; all you need to do to find the best sites is type in “paid surveys online” into any major search engine. Don’t forget the quotes, as they will help you to find that exact phrase in the results.
Don’t join too many sites at once otherwise you risk becoming inundated with emails – it’s best to start with the two or three most popular ones in your country. This doesn’t mean you won’t get the opportunity to do surveys for companies in other countries but you do tend to get more input into your national ones.
What normally happens is this – once you’ve joined you will need to fill out your profile with as much information as you can. This will help the site in deciding which surveys to send to whom. Make sure you set up a new email account purely for use with your survey sites, since you will be liable to getting lots of emails to plough through and you don’t want them all going into your normal accounts.
While a lot of sites pay in cash some will pay in vouchers, so double check the details given on each site and see what kind of vouchers you will get. If they are for a shop you do go into then you’ll get some benefit from them.
Once you’re all set up and ready to go you’ll need to keep on top of that email account, since each survey may only need to be answered by a set number of people and they often send it to more than is needed to make sure they get enough replies. The sooner you can complete each one and send it back the better – and the faster your money will mount up too.
The questionnaires are just as easy to fill in. You might be asked questions about a specific product; a type or genre of product; which companies you recognize and which ones you don’t; and you may even get to give your input and opinions on products which haven’t been released for sale yet.
The amount you will receive for each survey or market research exercise varies between sites and countries, but it is reasonable given the amount of time each one will take you. One site pays between $4 and $50 which is about average, although most will be at the lower end of the scale.
Over time taking part in paid online surveys and questionnaires can add up to a nice part time income for very little effort.
Wealthy Affiliate shows you how to make money online with free advertising
Sunday 1 November 2009
Want to make an income online without spending a dime? You will learnhow to promote products and services via the Internet to make profits & commissions without cost. Whether it be to promote your own product or as being an affiliate for someone else, WA teaches you how to get the word out and get top listing in Search Engines for your promotions without costing a dime. Currently, you can get a free copy of "Who Loves Money" (an ebook that focuses around advertising for free that still sells for $67) when you join Wealthy Affiliate with this link.
Easy Ways For Kids To Make Fast Money
Saturday 31 October 2009
How to Make Money Online With Website Flipping
What does flipping a website mean? Website flipping is one of the ways some experienced website makers, make money online. The concept is pretty simple. You make a website, then you sell it, hence the word “flipping.” Although this is an industry that requires some experience already, as it involves creating on the spot websites with good domain names, it serves to be one of the ways to make money online; if, of course, you know how to do it efficiently. The only downfall of website flipping is that there are some start up costs.
Requirements for Website Flipping
- Knowledge on how to transfer files and domains over to a new buyer
- A web host to host all the websites
- Expenses on the domain names/yr
How to Make Money Online With Website Flipping
There are many resources on the web where you can go to sell websites instantly. Here are a few resources you can go to, to get involved in the market and get a glimpse of what websites are in demand and what kinds of websites sells.
Take note of what type of websites, webmasters are looking to buy. Like for instance, acne based websites are coming and going pretty good at the moment. [WTB] is short for “Waiting to Buy.” Take note of [WTB] posts as they are buyers who are looking for certain types of websites. Targeting these type of opportunities are great to make a quick buck.
How to Start Web Flipping
Web flipping is a really simple process that after the first time and a bit of practicing, it becomes a really easy routine to make money. It is as simple as picking out a niche and really finding the right web template for the theme of the website, and just literally trying to make the website look complete to entice web buyers to buy. The concept is rather simple but what is the most hardest process of it all, is really looking for that “right” domain name. Because if you could find a good domain that has potential, that can already double up your website value twice over.
How to Find Good Domain Names
There are two types of domain names. Domains for the purpose of branding, for being memorable like Google for example, or good 1-2 worded keyword stuffed domains for the purpose of ranking in the search engines. In most cases, domains that are 1-2 worded are preferred as they are more easier to remember. The more likely case scenario is to go for the more memorable domain as most of the time, the 1-2 keyword stuffed domain is already taken and website flipping is really all about how quick you can come up with a domain that has potential and selling it for the best price. Picking out good domain names is a practice you need to master in order to really profit time wise, from website flipping. Making website flipping lucrative, requires some practice.
How to Make a Site Look Complete
Your number 1 goal when website flipping is trying to convey buyers that a website has potential by making your website look complete. Content is the number 1 thing that makes a site complete because without content, a website holds no purpose. So writing one or two unique fully blown posts to convince website buyers, overall can be a great strategy to convince buyers that this is the real deal. Remember. What people see and like, they buy. Website flipping is really all about understanding the trends and delivering appealing websites in regards to the trends. If you got that down, your bound to make plenty of sales with the crowd hungry website buyers looking to establish themselves somewhere. All it takes is just a little bit of practice.
12 Ways to Make Money on the Internet
Thursday 29 October 2009
I’ve been doing a bit of digging through my bookmarks in my Google Chrome web browser, and I’ve noticed that I’ve bookmarked about twenty resourceful links to help monetize a website in particular, and I thought to my self, why not make a blog post out of it? Sure why not. So, out of that twenty sites that I bookmarked, I picked 11 I thought were important and so, I would like to share.
- Opinion Outpost – Opinion Outpost is one of the legitimate survey panels out there that actually paid good for survey takers. Expect $1-$10 per survey. Time it takes per surveys ranges from 10 to 30 minutes. Best of all, it is free.
- Synovate – Synovate is a panel worth joining. Fast payments with great compensation.
- Ipsos I-say – Ipsos I-say is also one of the better free paid survey panels out there as well. Get our free complimentary list of the free survey panels here.
- MySurvey – A well organized group that simply pays for your opinion as well. Has been known to be one of the most legitimate panels out there.
- Google Adsense – Google’s publisher’s program is one of the better incentivized program out there that pays probably the most in the PPC market.
- Chitika – Chitika is probably known as the second best PPC program right after Google’s publisher program, Adsense.
- Clickbank – Clickbank is simply a must for any serious affiliate marketer. This is a must for any serious Internet marketer as well.
- Shareasale – Shareasale is one of the better affiliate networks that simply pay publishers to do the required action. Whether it be per sale, per lead, or per click, they deliver your money.
- Associated Content – Have a thing for writing? Make it profitable. Build up a community of readers and get paid per impression/article.
- Ebay – Everyone probably have already heard of Ebay. Simply auction off merchandises or stuff you keep in your storage to make some extra money.
- ProStores – Start your own ecommerce site and start selling your products online. Make it an extra source of revenue and make your store international for the world to see.
- Google Adwords – Adwords, the potential lead magnet in terms of generating sales, you can be making money off leads from Google’s advertising program, Adwords, if you got a great webpage that converts of course.
Try each method one after another. If you find one that fits your personel, simply continue doing it, and you could be making money online instantly. Experienced any one of these programs listed above? Share your stories and your experiences with us. We enjoy hearing them!
Consider Logo Designing
There are plenty of opportunities to make money with just logo designing alone if you are a professional logo designer of course. Cash rewards can sum up to just $50 to even $1,000 per contest, however, there can be some really hefty competition ahead. One word of advice from me is that new launched business companies simply love simplicity and nothing that hurts the eye literally. Keep it simple and focus on your best work yet, because logo designing is all about the look and feel of your work to it’s last pixel. Don’t overdo it, it can really turn business owners off.
Some great free to join networks to consider logo designing are crowdSPRING and99Designs. Both absolutely free to join of course.