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Summary: Start a profitable eBay business by gathering the necessary supplies, figuring out what to sell and getting familiar with the way eBay works. Make sure you have Internet access, a PayPal account and a digital camera to start an eBay business with tips from a marketing and sales management teacher in this free video on starting a business.
Mark Clifton has a master's degree in marketing management from Oxford Brookes University and has successfully completed the CELTA teacher training program of Cambridge University. He...read more
"Hi, my name is Mark and we're going to look at how to start a profitable Ebay business. This is a very very good opportunity to earn money from home. What you need is a computer. Internet access, a PayPal account because obviously money has to be transferred from you to them and from them to you and basically an open mind. Now, you can sell pretty much anything on Ebay, but what's really important is that you know how Ebay works. So it's a very good idea before starting anything to go to the Ebay site and familiarize yourself with it. Another thing you'll need actually which I forgot to mention is a camera, a digital camera because obviously people need to see what it is you're selling so you need to understand how also a digital camera works with your computer and how you transfer files onto the Ebay system. So, you could be selling anything from a car to a computer to office equipment, anything, but obviously you'll need to verify that it's yours, like all selling procedures you'll have to make sure that it's yours, it's verified to you, licensed to you, that you have an image of it and obviously contact details bank account details as I mentioned. So visit the Ebay site, familiarize yourself with it. Think seriously about what it is you want to sell and then it's a simple step of a process. A very important feature about Ebay and something you should really consider is that it's very much a case of reviewed by buyers by sellers so you actually get an indication of what is popular, what is moving well, what problems people face, what people don't like, what people do like, what they're looking for. In fact, some of the items are actually given ratings and that means that people will probably go back to this particular person again because of course when you're buying and selling from a computer there are many issues at hand here. You can't really use your senses other than your instincts. So buying anything takes a lot of trust and belief. And if obviously somebody has been through that experience and shares it with you, then you get a little bit more confidence. So there are many forums there for you to use as a reference."