How To Start A Small Ebay Business That Generates Large Profits

If you have ever considered whether you could start a small eBay business

, the answer is a resounding yes! And whats more, there has never been a better moment to start. With a struggling economy, more and more buyers are flocking to eBay looking to bag a bargain, and you could be in place ready to provide it.

Its easy to start a small eBay business. All you need to do is register for an account on eBay, an account on PayPal and to find some things to sell. If you are new to eBay it would be worth having a scout around your house and garage to find some bits and bobs that you no longer need or want in order to practice selling. These practice auctions might not make a lot of money, but they will introduce you to some important practices in listing an auction such as:

- An accurate and informative title will attract more page views.

- Photos with your auctions will help your items to fly off their shelves.

- A proofread, detailed and gently persuasive description will convince visitors to your auctions to bid.

- Ending your auctions at an appropriate time is more likely to cause a last minute bidding war to push up the price.

Once you understand exactly how eBay runs and how you can successfully make sales, it is time to create a business plan. A business plan might sound over the top if your aim is to start a small eBay business, but even a small business needs direction and a good plan will keep you motivated and on track.

Include your long term goals within your plan, for example a desire to leave your day job to work on eBay full time or simply to earn enough money to take a nice holiday once a year with your family. But also include some very realistic short term financial goals, for example, I want to earn 100 a week from my eBay business. A realistic goal will give you something attainable to reach for. You would be surprised how quickly you will meet it and need to set yourself new short term goals.

Your business plan should also incorporate some information as to how you will run the business itself. For example, how will you source stock? Will you use a wholesale supplier? If so will you need additional storage space? How will you stay organised when you start to sell several products a day? Will you do one run to the post office every day or several?

The answers to some of these questions may adapt as you learn more about eBay and how to run an eBay business, and flexibility is certainly important to ensure your success. However, writing everything down on paper will give you somewhere to start from, and help you to provide excellent customer service to your buyers.

Although there is more to know about how to start a small eBay business than what has been covered within this short article, you should now have the confidence to know that there is nothing stopping you from taking the first step toward success right now.

by: Amanda O'Brien

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