The fact of the matter is that most people that attempt to run their own online business fail because they follow this pattern.
1. Try
2. Meet a problem or turbulence
3. Give up
Trust me I've met plenty of people on forums all over the internet that have done exactly this. Yet if they'd just put in a little effort to try and solve the problem, learn from it and move on they would probably by now be running a successful home business.
This isn't just some get rich quick scheme, it is a real life genuine opportunity to make a living from the comfort of your own home. Yes there are many that use ebay as more of an hobby but if you put in the time, effort and dare I say a little passion then it can be a fully fledged home business.
Anyone that puts their mind to it can make easy money on ebay and they will be safe in the knowledge that as long as the internet still exist (which is forever!) then so will the opportunity. There will always be people looking to buy things and there will always be those who cash in on peoples wants and needs by selling, so you may as well be one of them.
If your looking for a get rich quick opportunity then the truth is you may as well chase pots of gold at the end of a rainbow but if you want to start your own business which you can run from the comfort of your own home and which, if you put in the effort and are willing to learn, can make you a hell of a lot of money then this is the best opportunity you will find. You really can make easy money on ebay but only if you have the drive, positive mind frame and determination to make it happen.
Hi, my name is Walt. I'm an auctioneer with 25 years of experience in the auction business and licensed in the state of MA. I own Quick Auction Service, a company that specializes in building and running custom auctions, I'm also the webmaster of my own site and have been on eBay for 8 years. Besides eBay, the types of auctions I run most frequently are antiques and on-site estate auctions, although I've run everything from business overstock auctions to charity & special event auctions.
I enjoy sharing my knowledge and stories of the auction business. My goal for article is to help folks get the absolute most out of their auction experience.
Whether your fresh out of the package or a seasoned dealer I think I can offer something in this article to help you with your auciton adventures.
There may be as many reasons to attend auctions as there are types of auctions to attend. Maybe you want to attend an auction to buy items for re-sale on eBay, or some other market. Maybe you want to furnish your home with wonderful antiques, or you want to furnish your home as inexpensively without sacrificing quality.Some folks are just looking for a fun night out. With a little perseverance all these things are possible.
There are antiques and estate auctions, auto auctions, overstock auctions, absolute and no reserve auctions, real estate auctions, specialty auctions where only one genre of items are sold, tailgate auctions, live auctions, online auctions, sealed bid auctions, silent auctions, charity and fund raising auctions and many more.
Can you really buy for pennies on the dollar at an auction? You bet! Many times I've seen folks buy and re-sell at the same auction on the same night for a good profit, although be advised, this should only be done after the auction is over.
There are a lot of ways to find an auction, but here are some tips on how to find and attend the best ones.
Visit the genre of shops in the area that apply to the type of auction you want to attend. IE: If your looking for a good antique auction to attend, stop in the local antiques shops and ask for what there are for good auctions in the area. Sounds obvious right? But listen to what they don't say as well as what they do say. Oftentimes when a dealer speaks poorly about an auction he or she attends, it may be likely that they are trying to keep a good thing secret. Think for a moment, why would a dealer keep attending a lousy auction?
Newspaper ads: I personally like to find ads in the classified ad section rather than flashy display ads. Flashy ads are usually indicative of an auction that will be high priced, may have reserves, (a set price on an item), and usually an enormous crowd. While any auction can be profitable to attend, it is usually best to steer clear of the glitzy ones, at least for the beginner.
Here's the minimum you want to find out before you go. If there is a phone number in the ad, call and ask for the terms of the sale. What forms of payment do they accept? Is it an absolute auction? An absolute auction is one that has no minimum or reserve bids on items. These are the best auctions to attend! Is there a buyers premium? A buyers premium is like a tax that everyone who makes purchases at that auction must pay above the winning bid price. Most auctions these days do charge a buyers premium, 10% is not unreasonable but I feel much more than that is greedy, and the auctioneer that charges over 10% is counting on most bidders not doing the extra math as the bids quicken in pace.
A fair auction will have ample time to inspect the merchandise, usually at least 2 or 3 hours. Find out when inspection starts and make sure to attend! Never attend an auction if you can't make the inspection, not unless your prepared to gamble. Most auctioneers sell at a rate of about 100 items per hour, which is why they sell "as is". They simply don't have the time to give a detailed description of all the items. Since almost all items at auction are sold AS IS, there are sure to be some damaged, refinished, fake and incomplete items at any given auction. Beware of any auctions that offer very little or no inspection time.
Good auctions will usually have 150 to 400 lots. A lot may be one item or a group of items. The exception to this are specialty auctions, auto auctions, real estate auctions etc.
When you attend your first sale, take note of the 1/2 dozen or so dealers that buy the most often. See if you can find out about other area auctions they attend.
When you do find an excellent auction, attend it as often as possible. By frequenting good sales, you help increase the bottom line of that business. It's difficult for many auctioneers to keep the quality of merchandise consistent, so good attendance certainly helps. And when an auctioneer gets to know you as a buyer, he/she will go out of the way to accommodate you, to keep you coming back.
Attend an auction this week, it's one of the only market places where you can set the price.
Thanks for reading and have fun.
There are millions of Ebay users all over the world, and it?s understandable. They?re one of the many who discovered that there is money when you auction items in different countries.
Here are 7 methods to add more impact to your Ebay income:
1. Customize your Ebay profile. Ebay has their own profile page set up for you, but if you want to attract customers into your profile, you can include graphics, images, or other icons. Thus, it?s advisable to customize it so it will fit your style, preference, and taste.
2. Attract traffic going into your product. There are many ways to do that. You can post pictures, write detailed description, and develop the most attention-grabbing title.
3. Sell quality products. All your Ebay efforts will go down the drain if you sell products that are of inferior quality. This will add damage to your credibility in the form of negative feedback. You can?t expect them to buy more from you.
4. Add your products in various categories. You can maximize your exposure if you can submit your product listings in multiple categories. It may come with a fee, but it?s going to be worth your investment.
5. Provide accurate description. Be very precise with the description of your product. Remember, you will serve as the eyes for the buyers. After all, you don?t want your buyers to think that you?re misleading them.
6. Write reviews of your products. You can market your products even outside Ebay. You can develop copies and submit them to different article websites. Don?t forget to include a link to your Ebay product page.
7. Ask for a feedback. Building reputation includes asking feedbacks from your customers. Be sure that you politely remind your customers about it. It?s advisable too to drop by their page and add your feedback.
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