Online Auctions/eBay

Online Auctions/eBay

eBay has become one of the fastest, easiest, and most profitable ways for ordinary people to make real money online, without a website! Anyone with a computer and Internet access can open up an account on eBay and within moments, start listing items around their home for sale. Then, within days the auctions are closed, money changes hands, and the items get shipped off to the buyers. Some people do this over and over again, day after day, and make a full-time income just through eBay.

In fact, statistics actually say that over 400,000 people are making money on eBay. 400,000! That’s an amazing number. But go online and check it out and you’ll see millions upon millions of products being sold by people all over the world. It’s truly an amazing site! I’ve both bought and sold items on eBay. I regularly use eBay to find marketing and money-making courses at a discount. I recently found a $3,000 marketing course for $1,500 and a real estate course that you can only get by attending a $3,000 seminar for just $500. On the sales side, I sold a domain name on eBay for $25,000 (which was wired right into my bank account by the buyer) and even listed a $699,000 home in their real estate section! EBay is absolutely amazing and a money-making opportunity I highly recommend it for someone who wants to make good money selling items from home.

eBay Secret #1:
Focus on Selling One Type of Item.
Some of the most successful marketers on eBay focus their efforts on one product category. For example, there are people that only collect and sell plastic Breyer horses. Others only sell old books on various topics, coins, or collectible movie posters.

Adam Ginsburg decided to put a pool table for auction on eBay “for fun”. It sold for a profit, so he put another one up for auction. In less than a year, he was selling 25 pool tables each week. One year after his first eBay sale, his sales has increased to 150 to 175 pool table sales per week, which was about $15 MILLION DOLLARS IN REVENUE-- all thanks to eBay! When you focus on one type of item, you become an expert in these items. When someone buys from you, you can capture their contact information and keep them on a mailing list to alert them to other offers and auctions. Plus, if someone purchases an item from you, they may return and ask you if you have similar items.

eBay Secret #2:
You can sell items you don’t own and make big profits!
The best way to explain this secret is to give you a quick “case study”. Recently, a friend of mine needed some quick cash so he went to eBay and did a quick search of collectibles that were selling well and had a history of selling well. He stumbled onto Hummel figurines, and he wrote down the names of the most popular ones and what they were selling for on eBay.

He then went to a few local antique stores and found one that had a large selection of Hummel figurines. One figurine, selling for about $1,200 at the antique store, was consistently selling for $2,800 on eBay. He asked the antique store to hold it for him and he rushed home and posted the figurine on eBay. Within a week, the figurine had sold for about $2,800. He took the money from the auction, paid the antique store $1,200, shipped the figurine to the customer, and pocketed about $1,600.

Now you might be wondering what would happen if the bidding never went above $1,200, the price the figurine was selling for at the antique store. First, my friend checked to make sure they were consistently selling well. So they all had a proven track record. Second, he put a “reserve” on the auction, so that the auction had to clear at least $1,200 for anyone to win the figurine. Within one week, he was able to clear $1,600 in profit on an item he didn’t even own. Many people make a few extra hundred or thousand dollars a month putting items from local antique stores on eBay.

EBay Secret #3:
E-books can make you money on eBay.
Most of the items being sold on eBay are tangible items. They’re physical products that have to be shipped to you. Antiques, coins, Beanie Babies, books, whatever. However, if you search for “e-books” on eBay, you’ll find thousands of listings. (When I did a search a minute ago, I found 15,099 listings when I searched under the keyword “e-books” on eBay.) You’ll find that many of these e-books are selling for 99 cents! And yes, while the ebooks can be downloaded – and don’t have to be shipped, how can anyone create an extra
income off of 99-cent e-books?

The money to be made is NOT off of each 99-cent sale. The money to be made is in what happens AFTER the customer buys your e-book. For example, inside each e-book are affiliate links for other products. When someone reads your e-book, you can recommend that they purchase various products. When they do, you can get a commission (sometimes a very large commission). Of course, if you promote your own products, you’ll make even more money. 

Also, when someone buys the e-book from you, you can include an affiliate link in the receipt email that’s automatically sent to them. Or direct them to your website. You can capture their email address on your site and sell them higher-priced products and services.

Finally, you can also give the buyer the resell rights to your e-book and let the e-book duplicate itself like crazy. Imagine if you sold 10 copies of your e-book on eBay and you let each person duplicate and sell unlimited copies. And let’s say that each of these 10 people sold it to 100 more people. That’s 1,000 people who have your e-Book, with your affiliate links and possibly a link to your website. If each of these 1,000 people give it away to an additional 10 people, there are now 10,000 copies of your e-book circulating. And there’s no cost to you. It all started by putting your e-book in front of millions of potential buyers on eBay!