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Selling On Ebay- Top 10 Steps To Ebay Seller Success
Posted by Todd Schuyler in Sales on October 14th, 2009
Here is my 10 step path to eBay selling success. Follow these 10 steps to be a eBay seller success story.
Step 1: Identify your particular product market. Take a while to sit and watch for what sells and what doesn’t out of the items you’re interested in selling. Any market research data you can collect will be very useful to you later on. You’ll probably see those one or two items that always seem to sell for a good price.
Step 2: Watch your competition. Before you invest any money, see what the other sellers in your category are up to, and what their eBay marketing strategies are. Pay special attention to any flaws their auctions might have, because this is where you can move in and beat them at their own selling game.
Step 3: Pick a product to sell: Get hold of a wholesale supplier for whatever it is you want to sell, and see what the best rates you can get the product for. Don’t be afraid to ring round quite a few to get the best deal. If the eBay prices you’ve seen are higher than the supplier’s, then you’re really set.
Step 4: Start small: Don’t throw thousands at your idea straight away. Start slowly, see what works and what doesn’t, and learn as you go along. Remember that it’s very cheap to try out even the craziest ideas on eBay, and who knows, they might just work out after all.
Step 5: Test and repeat what works. Keep trying different eBay marketing strategies until you find something that works well, and then don’t be ashamed to keep doing it, again and again. The chances are that you’ve just found a good niche product.
Step 6: Work out a eBay business plan: A eBay business plan doesn’t need to be anything formal, just a few pages that outline the market opportunity you’ve spotted, your strategy, strengths and weaknesses of the plan and a brief budget. This is more for you than it is for anyone else.
Step 7: Invest and expand your eBay marketing plan: This is the time to buy product inventory, and start spending more time on your eBay business. Set a goal number of sales, increasing it over time.
Step 8: Make it official: Once you’ve made some sales and are growing, you should register yourself as a business. Don’t worry, it’s not expensive or hard to do. A lawyer is the best person to help you through this process.
Step 9: Automate the selling process: You’ll probably find that you’re writing the same things again and again in emails or item descriptions. This is the time to give up on the manual method and turn to automated software that can create listings for you, and respond to completed auctions and payments with whatever message you provide.
Step 10: Never give up: Even when it looks like it’s all going wrong, don’t stop trying to sell on ebay until you succeed. If you keep working at it then you’ll almost always find that you make a real breakthrough just when things are starting to look desperate.
Once you get into the swing of things, you might start thinking that you should quit your job and take up eBay selling full time. There are all sorts of factors that you need to consider. I recommend selling on eBay part time. It is a great way to make extra money. If your eBay business grows to the level that want to go full time. That would be great. It is possible and many people are living the eBay dream working at home.
Want to find products to sell on eBay? SaleHoo is the best place to find legitimate, pre-screened wholesalers, dropshippers, liquidators and manufacturers for every type of product imaginable.
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Start Your Own Money Making Membership Site On The Internet
Posted by Todd Schuyler in Sales on August 14th, 2009
Why should people start their own membership site? The answer is people are willing to pay for online content. Business content, personals/match making, and entertainment are the hottest niches. But even smaller niches, like DVD authoring, sports coaching, marketing services, and dieting are producing profits.
You can sell subscriptions for online content with your own membership site? Selling online content by way of a password protected website has become a huge business. Not only is it quick to set up, but the start-up and running costs are very minimal. Working from home entrepreneurs and businesses alike are tapping into this ever increasing new-found revenue source.
Less than nine percent of online users currently pay for online content. This means the market is wide open for the savvy entrepreneur. who capture the market first in their niche will have the obvious advantage and its an international market, so anyone can play.
Starting a membership site is so easy. Just take your hobby, specialized knowledge or profession and turn it into a money making business. Your main challenge will be finding exclusive content. You can start it part time but it will likely develop into a full time home business.
Planning for and setting your site up for auto-responders, automated sign-ups, credit card processing, automated cancellations, etc is all part of a successful membership website. Starting and running a membership site can be a lot of fun and very exciting, however you need to know whats involved in setting one up, and then managing it effectively.
This whole setting up process can seem a bit daunting. However, as complex as this seems, many companies offer a low cost, easy to use software solution. Membership Site Manager software lets you run a money making membership site, on 100% autopilot This makes it possible for almost anyone to get started with a membership site at a very low fee.
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