I Earn More Than You

Ebay is one of those things people either love or hate when it comes to selling; personally I have stopped using it because I would rather spend my time writing and being creative; or selling things like my ebooks which can be sold a hundred times each, not just once like a physical item – also there is no worrying about postage. It isn’t hard to learn how to use ebay.

That said, I have had several successes with Ebay; I made $70 on my last sale, which was a TV sent via a drop shipping company and before that I made $40 on a small sale – it was for some virtual items. I got the idea using the Games To Money guide, which you can find under my “blog buddies” section to the right of the page.

So, Ebay – let’s get down to the Pros and Cons so you can decide if it interests you or not.

Pros:

ebay

- Easy to find a buyer

- Ability to dispute for non payment

- A feedback system to give you a better idea of who you’re dealing with.

- Return customers can find you easily.

Cons:

- Fees

- Difficult to cancel a listing

- Arranging postage OR finding a reliable drop shipper

If you want to use Ebay you need to either find a reliable drop shipper; in your own country is best because if you are buying direct from China you need to specify somewhere in your listing, “Item is shipped from China.” (Shipping costs from overseas will also eat into your profits significantly.)

Otherwise you can buy wholesale bulk lots of items locally, online or in a store, and then sell them on individually.

If you plan on doing this you should start out small, like DVDs or piercing jewellery, then once you’ve got a feel for it you can safely move up to phones or computer parts.

You should allow yourself a budget of $50 to $100 to start out with and see what you can turn that into – try to build it up gradually – you should be able to start earning a profit of $400 a week by the end of month 2, and a profit of around $800 per week as of month 6.

If this is something you are seriously considering, visit my blog buddy Games To Money and click through to their Ebay guide, (it has a banner at the bottom of the main page,) I bought it for $5 and it gave me a lot of useful advice; without it I probably wouldn’t have known how to pick a TV to sell with so many competitors in the electronics market – although if you are already experienced with Ebay you may not need it – it’s designed for people just starting out making a business of it.