Many people start their first online business at ebay. Only few actually makes money doing it. How do you make money on ebay? You buy stuffs for cheap prices and sell it for more. Sounds simple and easy, anyone can do it. However, it is very difficult to do, because you have to find the niche products. You have to find what people want and understand the supply-and-demand concept.
Now, what if you do find profitable niche products that have high demanding? Will you make money? I say it is possible but very hard. There are just so many competitions out there. Plus, who knows that you will have the cheapest price? You probably won’t. Then, is it impossible to make money with ebay? NO, there are two ways.
First, promote ebay and get paid. When you refer someone, who is new to ebay, and he or she bids on a product and wins you will get paid by ebay for referring. However, that is not quite easy, because whole country knows about ebay and I’m pretty sure that everyone has an account. Still, you have very high chance.
If you don’t like the first method, you will love the next method.
Second, get paid on other people’s auctions. WHAT? You read it right. You get paid by ebay when my auction is over. Now, how does this work? You simply bring people to auction. If people that you brought to an auction wins the product, you get paid. If you like this method, you need to sign up as an ebay affiliate which is very easy. Just go to ebay affiliate and sign up then start making money.
David Hong is currently running bestwebservice.info which shares Online revenue methods and resources.