There are plenty of people who make a good living on eBay… and you possibly can as well!
Simply think over it for a short time –
eBay is among the biggest marketplaces on earth.
When you attain power of eBay, you don’t have to invest a moment considering exactly where your target market congregates and how to reach them.
That is because your target market comes looking for you on eBay, rather than you needing to look for them! And anyone who’s searching eBay is probably planning on purchasing something, which means almost everyone who looks at your advertisement will be a person who already has their credit card out. You’d be hard pressed to locate “hotter” prospects compared to the individuals surfing around eBay!
So, how could you make the most of this unbelievably big pool of purchasers? There are plenty of ways to do it. But in general, you will likely use one of two models:
a)Use eBay purely as a lead generator. If you browse the closed auctions, you’ll see specific sellers who consistently seem to be profiting very little on each and every item they sell. And indeed, they might even take a loss.
So why would an individual choose to throw money away on eBay?
Simple: Because they’re utilizing eBay as a lead generator. That means they are selling low-cost items to drag individuals into their sales funnel. When the buyers are in their sales funnel, then the marketer actively works to sell them more products and much more high-priced products via email or even postal mail (e.g., immediate response postcards, letters or even catalogues).
b)Use eBay to directly take in a handsome profit. This model is a real mixture of direct profits and backend selling. Here, the marketer not just provides low-cost products to pull people into his sales funnel, but he also offers high-ticket items directly to eBay buyers. So while he may break even on his low-ticket items, his high-ticket goods are paying his mortgage.
The model you select depends on exactly what you’re selling. In particular markets, you’ll find it difficult to sell high-ticket products on eBay, because people often look for bargains.
But if you are selling something like antiques, you might find you get higher prices by placing them on the auction block rather than by offering them for a fixed price to your customer list.
Which brings up the next question: What exactly should you sell?
To be able to be successful on eBay, your best bet is to select a hungry niche and focus almost entirely on that one niche.
Quite simply, specialize. Once you find the hungry niche, discover what they’re buying… and start giving it to them.
This can be collectibles, apparel, information products, memorabilia, artwork, exercise equipment or other things.
You can create your own products, sell items that you have the resell rights to, use a drop shipper in order to sell products, and so on.
Fast Tip: If you’re selling downloadable products like e-books, eBay now requires you to mail the product, meaning you will either need to produce a print product, or you need to put the item on a memory stick, Compact disc, DVD or other device.
If utilizing the power of eBay to generate $10,000 monthly seems like your ticket to success, click here to find out the secrets and techniques of those who are already making their living doing it!
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