How To Make Money Selling on eBay - Successfully!

How To Make Money Selling on eBay - Successfully!

Learning how to make money on eBay can be done with the right plan being in place. You cannot really go into this type of venture without a solid game plan. You are presumably doing this to make some real money or you would not be wasting your time reading articles on how to do this. So just like you would do if you were opening a brick & mortar store, you need to make a business plan.

So with that said, you will want to have a product / product line to sell. It is best to not just sell one lone item but to have a good variety of products which are ancillary; meaning they compliment or are needed in conjunction with one another. Still wondering about how to make money selling on eBay? Here is a great scenario.

As an example: a seller of cell phones would be best served by having additional offerings of products like cell phone cases, batteries, headsets, and other such items for which a buyer of a cell phone may be interested in purchasing.

Once you have the line or lines of products you will want to sell, you then need to find what price those items are already selling for on eBay. Along with this you need to secure a supplier of those products. The fastest way to begin such a search is to Google whatever your product is with the word wholesale or drop shipper behind it. Using the cell phone example, you would Google cell phone wholesale or cell phone drop shipper.

Once you have your source, you will then to work out pricing with them based on what you believe the items will sell for on eBay. Keep in mind you also need to figure in your cost of shipping, eBay fees, Paypal fees, returns, and any other ancillary costs. Oh yes, you also need to leave room for your actual profit when negotiating your price from either the wholesaler or the drop shipper.

If it turns out that the numbers simply don't work when on paper, then they most assuredly will not in the eBay world and you should pass on it altogether or find another source. This is just one of many examples of how to make money selling on eBay.

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