How to Quit Your Job and Sell Full Time on eBay
If you dream of quitting your job and working independently, you may have considered the prospect of selling full time on eBay. Such a transition would allow you to set your own hours, earn your own income and take full control of your career. Before you start writing your resignation letter, however, you should begin selling in your free time, establish yourself in the eBay community and make sure that the life of an online auctioneer is really for you.
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Instructions
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Register for a seller's permit. Sometimes called a resale certificate or resale license, this will allow you to purchase merchandise without paying sales tax and will also allow you to collect sales tax from buyers. As a full-time seller, you will need this license in most states.
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Choose a product to sell. This will require some research on your part, as you will need to see how many other sellers already specialize in your intended product and whether the item is popular with consumers.
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Find a supplier for your product. If you want to sell new merchandise, you will need to contact wholesale suppliers who specialize in your product in order to get the best rates. If you want to sell used or antique merchandise, find business that deal in those trades, such as used bookstores or antique stores. If you intend to make your own merchandise, find vendors who will sell you the supplies you need at a good rate.
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Start purchasing merchandise. Start out with just a few items so that you can test the waters and make sure that you can reliably sell at a rate that turns over a profit.
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Set up your eBay and PayPal accounts. PayPal is a merchant company that allows users to safely pay for items online, and as a seller you should make PayPal registration one of your highest priorities.
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Sign up with a company that offers eBay listing software, such as Auctiva or AuctionSplash. This will allow you to create automated listings and schedule your auctions and sales without having to manually create each one. Automating your listings is essential for the high-volume seller.
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Begin selling. If you find that your product sells at a desired rate of profit, you can begin raising your volume. If you find that your product doesn't sell, consider possible reasons and adjust your approach. For example, perhaps you have too much competition and should try a different product. Perhaps your product costs too much and you should lower the price.
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Continue to raise your volume of auctions each week until you find yourself making a generous income aside from work. You should only quit your job after determining with absolute certainty that you can support yourself with your eBay business.
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Quit your job. Once again, you should only quit after you have already seen success with your eBay business, which means that for a while you will have to work the equivalent of two jobs. This will ensure that you don't quit your job only to find that you cannot support yourself on eBay, as many people find this lifestyle incredibly challenging.
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