How to 10 Steps to making $500 a day on EBAY – Step One of 10

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By SingersSecrets
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10 Steps to making $500 a day on EBAY – Step One of 10

So you want to know how to make good money on EBay? I and my friends have been very successful on EBay for over 5 years. The short of it is drop shipping is not the answer! If you sell the same things that everyone else does and get them from the same resource, then the profit margins are just not there. I will share with you 3 sure fire ways to make real money by finding the items CHEAP and making big profits!

Difficulty: Moderately Easy

Instructions

Step 1

Know your market. First things first. You really need to be knowledgeable about what it is you intend to sell on Ebay. So many times sellers sell items that they are not really acquainted with and they get burned. The best way to know your market is research, research and more research. The best way to research is by utilizing ebay’s completed auction search feature. When you look for say Abercrombie Jeans, you want to select the “completed items” search feature (see picture). In order to utilize this feature you must be a registered user.
Step 2

Finding the right price to sell for. Gather information from your search by utilizing these criteria – 1.How much the highest item was sold for, 2. How much the lowest item was sold for, 3. Find the average. Once you find the average a certain item was sold for that you are interested in selling, create a Document or Spreadsheet pertaining to the items you want to sell and record this information. If you want your item to sell well, you’ll need to list the item with a reserve or “buy it now” or a starting price of the “median” or average price that was sold before. This will almost always guarantee you a sale for the price that you want.
Step 3

Find the item. The best way to make the most money selling your item is to know where to find the items you want to sell that are sold by liquidation, second hand or other similar means. Online the best places to find these items are liquidation.com and govdeals.com. These two liquidation suppliers are free to join and you can find some absolutely amazing bargains here. You can find anything from clothes to computers and everything in between. More than enough to be able to allow you to make a substantial profit consistently. Both are auction based so you have to bid, but keep in mind the “median” price you want to sell so you can gauge exactly how much you are willing to spend. How to bid and win is covered in another article.
Step 4

Consistency. If you are going to sell and be successful, you must continue to sell consistently and sell the same items consistently. If you sell the same items and offer buyers a great value, you will build loyalty in your buyers and they will come back and make purchases over and again. Once you discover what it is you want to sell, keep selling those items so you will know precisely how much money you will make each and every week. Step two is where you want to go next – check my profile.