Is your goal to have a home based eBay business that makes you enough money to quit your day job and still provide an excellent income for you and your family? The good news is. . . it CAN be done! I personally have made over $105,000 in a single year on eBay. The bad news. . . it's not a cake walk. You still need to do a bit of research and work.
One problem new “auctioneers" run into is how to find stuff to sell on eBay.
Wholesalers and Liquidators are a great source for good buys that can lead to excellent profits on eBay. In searching for one of these suppliers, you perform a couple of very important steps.
Step one is to check the reputation of the business. Check the BBB, check online forums for complaints, check the entire internet. Search with search engines for complaints, scams, and problems.
Step two is to check the quality of the products. Again, check online forums, use search engines to search for any quality issues, complaints, and resolutions.
You cannot afford to by hasty in your decision of choosing your wholesaler/distributor.
The next step is finding stuff to sell on eBay using your newly chosen supplier. Having an excellent and well priced supplier isn't going to put money in your bank account if you don't choose the right items to sell on eBay. You want to look for trends, hot products, and cool new gadgets. Try Google trends, and yahoo hot topics. Sometimes these pages can turn up a solid list of products that are hot and selling well.
Once you have this list of “hot" products, go to eBay and perform a search" using the “advanced search" button. You want to search for “completed listings only" because this will show you what sold and for how much. So search for the items from your hot products list and see the current prices and how many sold in the last couple weeks. This will give you a great idea about how well your products will sell and for what price.
There it is. . . a rundown on how to choose a supplier and how to find stuff to sell on eBay. These steps may seem small, but they are highly crucial to your success in this business.
My suppliers made me over $105,000 in 2006, will your suppliers do the same for you in 2008? Don't choose the wrong companies to do business with! If you want to be successful with online auctions, check out http://www.moneylizard.com/ebayinfo to see how I made my $105,000.
Robert Crawley is an eBay powerseller and made a full time income for over 6 years with eBay and Internet Marketing.