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Thursday, December 22, 2011

The Top Five Ways to Make Money on Ebay

Introduction:

In these tough economic times, people are looking anywhere they can to make a few extra bucks. One of those ways could be selling on eBay. Here are some tips that could make your eBay experience a success.

Electronics Can Be Difficult For Small Sellers

You might need to forget trying to sell computers, DVD players, and other electronics unless you have plans to become a pro-seller. If you're planning on selling one or two items that you found in the spare room, that's fine. But don't aim to build a second income on eBay this way.

Do Research to Keep from Losing Your Socks

Do your research. Look at who you'll be competing with on eBay. No detail is really too small here. If something is not selling, take a look at how it's listed, the price, and the feedback. Now go do the same thing for the items that are selling. Compare these two things and you'll learn a lot.

Don't Be Afraid of Going Niche

Niche is the way to go. If during your research you notice Breyer horses made between 1997 and 1999 are being sold right after they're listed, that's a niche. Or if you can't find what you plan to sell, don't just assume it won't. It's a long-shot, but maybe you'll create a brand new niche on eBay.

Always Have Your Eyes Open For Used Items

Used items are your friends. Antiques, first edition books, glass or ceramic collectibles: these items will probably serve you well, especially if you can pick them up cheaply at estate or garage sales.

Wholesale Might Be the Way to Go

Don't forget about wholesale goods. There are many wholesale listings on eBay, ranging from mood rings to flip-flops. Some people buy wholesale, break it up, and resell the items at a profit.

Final Thoughts

It's more difficult to make money on eBay than it was 10 years ago, but that doesn't mean it can't be done. Follow the above tips, keep your goals realistic, and hopefully you'll see a profit.

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