Ebay Powerseller

The secrets of eBay Power Sellers!

How to MAKE MONEY on eBay

Use this valuable guide as a MONEY MAKING TOOL. Read it from start to finish over and over. The amount of information and wholesale sources you will find seems overwhelming at first, but don't be intimidated. Take your time and be patient. It is going to take you several days to check out the sites because there are just so many items to choose from.

This guide is updated for 2003 and the resources are used by eBay Power Sellers ALL the time.

I have been selling on eBay for some time, almost 3 years now. Almost from the beginning, I wondered how Power Sellers obtain products so cheap that they can sell on eBay and STILL MAKE MONEY. Here are THE ANSWERS.

Since eBay has millions of users, I don't feel it's going to hurt my business to share this easy to read guide. You'll find it easy to follow and learn the tips & tricks to selling successfully on eBay along with the very best wholesale sources to get you started.

REMEMBER! Read this guide over and over again. Check out all the sites and links. It's amazing to find that you can buy products at incredibly low prices when you know where to get them at true wholesale.

SELLING ON EBAY

1. WHAT TO SELL & HOW DO YOU WANT TO SELL IT: It does not have to be something that you enjoy selling, but it is easier to sell something that you would use yourself and that you believe in. I enjoy selling anything that does not earn me a one way ticket to the dark side in the afterlife, (lol), but will make me a profit in the present life. For starters you can purchase antiques, CDs, and just about anything you can imagine at true wholesale prices, and either list them on e-bay, your own website, take them to the flea-market, or your own retail store and make some real money with them. In fact, there many people around the country who have become a "Wholesale Supplier" themselves. What I mean by this is that they will get a few sample products, head to the flea market or local convenience stores, mark up their samples 10-15 %, and eureka, they are in business. At that point, all they need to do is keep their clients shelves stocked and count their cash!! I will tell you this a few times throughout this guide and remember it......Do Not Be Afraid To Talk To People.

2. TIMES TO LIST: Never list your items to end during the day, unless you end them on the weekend during the day. We have found that 10-day auctions work the best. This is especially true if you are selling an expensive item. You will pay a bit more but it is definitely worth it to allow as many people as possible to see your listing. We try to do a bit of listing everyday from 7:00 pm until 11:00 pm (east coast). You don't want to list your items too late. The most exposure your auction will receive will be during the last 4 hours of your auction. That is the busiest time for bidding on items. If you list too late in the evening, no one will be willing to stay up just to bid on your item unless they use a software tool (snipe) that will do it for them.

3. TOOLS: I highly recommend investing in a digital camera. Film and processing are very expensive. If you plan on doing eBay full time, the camera will pay for itself incredibly fast. I suggest that the Buyer pays for shipping. You want to make sure you quote their shipping price correctly. The post office has a list of prices according to weight. It is a good idea to get a list for your records. We also recommend calling the number on the priority boxes, they will send you most of what you need for FREE!!!! TAPE, PREPRINTED ADDRESS LABELS, BOXES etc! The profit margin will decrease if you find yourself paying for these items here and there. You will also want to ship all of your items out at least 2 or 3 times per week. Buyers want their purchases fast so try to avoid negative feedback by shipping out the merchandise yourself, or having it drop-shipped as quickly as possible.

4. LISTING: I don't recommend listing items as reserve auctions. I think it scares potential buyers away. If someone is bidding and bidding, and after a while of seeing reserve not met yet, they are going to get irritated and leave your auction. Our thought process is: If an item is valuable, people will find it. We also suggest starting your auction price low. Let's say you are selling a watch that is worth $500.00, you can start the auction at $1.00 and say in the ad that the watch is worth $500.00. This will get many people interested in your item; they will think they can get a great deal. This is where bidding wars can start! Be sure to put in as many keywords in the title as you can fit. EXAMPLE: you are selling a watch, just don't say, "Nice mens watch by Seiko" in your title. Instead say "BEAUTIFUL NEW SEIKO MENS WATCH BLOWOUT" See the difference? I always also use CAPS in my titles, it makes the title stand out better. We always recommend selling your item with photos! This is VERY important. No photograph usually means no sale. Be sure to list your item in the proper category, so people looking for this type of item will find it automatically. If you generalize your item too much, people may not find it easily.

5. NEAT EBAY TRICKS: Featured Auctions can be a double-edged sword. They are not cheap. If you have a popular item listed in a featured area, chances are all of your auctions will do better in the end (if you are running more than 1 listing at a time. I have paid as much as $125.00 (home page featured) to list an item, and even though we might normally sell that item for one hundred dollars, it made all of our other auctions sell at a higher price! Another great eBay trick: I highly recommend starting a mailing list. Keep all of your bidders and winners e-mail addresses on file and when you list other similar items; send out a mass e-mail telling them you have listed more items they might be interested in. Never send unsolicited e-mail. Your first email to previous customers should be asking them if they would like to know about products you might be selling in the future.

6. PATIENCE, PATIENCE, PATIENCE: Everything takes time. Once you get the hang of eBay, you will find your own tricks that work