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Untitled Document
It's NEWLY updated for 2006 and it's selling like crazy!!
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Keeping records of your Ebay business: Part 1
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5 Secrets To Make A Killing on eBay |
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Secret #1: Find a "real" wholesale and drop ship company
Do you know what one of the biggest problem is to be successful
on eBay? "What should I sell?" I can tell you, I get many emails
per day from eBay sellers, asking me what they can sell. Let me
explain this more in detail.
Let's take John and David for example. Both are sellers and try
to make money on eBay. Let's start with John. He mainly gets his
items from garage sales. So, every Saturday morning he gets up
very early, hops into his car and drives around the
neighbourhood to check out the garage sales. So he went last
Saturday. John did not buy anything on the first two garage
sales, but on his third garage sale, he found a little treasure.
An old book from 1897 - for a bargain price of $10. Bingo! John
was proud! "I can sell this for huge profit', he thought and he
went home. He took his digital camera and he made a high quality
digital photo. It took quite some time but finally he was happy
with the result. Then he had to upload this picture to his
computer and he spent some time writing the sales copy. Late
Saturday afternoon finally he was finished and launched this
book onto eBay. 7-10 days later his item got sold for $75!! John
is excited. He packs the item, labels it with the buyers address
and then he drives to the nearest post office. Oh no, what a
long line. After 15 min of waiting he could finally post this
item to his customer! Wow, a lot of work for $65 profit? Don't
you think?
Let's look at David. He usually gets up very late - usually at
Saturday around lunchtime. He is still in his pyjamas and he
makes himself a nice cup of coffee and gets onto the Internet.
He logs into his drop ship account and browses through some hot
selling product. "Yes, I can sell that" - A nice laptop for a
bargain price of $550 (wholesale price). But David does not have
to pay upfront for this item, so he just downloads the
professional digital photos offered by his drop ship company to
his computer. "Oh wait"; David has just discovered that this
drop ship company has also a "ready-to-use" auction sales letter
available. That's really cool ...and David copies and pastes the
source code of this letter into his |
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eBay listing and he launches
his auction. A Dutch auction, since the drop ship company
announced that they have more than one of this laptop currently
available. Great, David could sell 6 laptops. He hits the submit
button for this Dutch auction of 6 laptops and enjoys his coffee
(which is still hot by the way). After 7-10 days David has sold
all 6 laptops for $830 each. All what David does is the
following: He waits until he gets the payment from his 6
customers in his paypal account, sends the address of the
customers together with 6 x $550 (wholesale price) to his drop
sip company via paypal. He has made pure profit of 6 x $280 =
$1,680 in about 25 min of work - total. That's why David is a
smarter eBay seller than John. I think the idea is clear ...drop
shipping can be the answer to your problem what to sell on eBay
and it can saves you a lot of time too. No packing, posting etc.
Secret #2: Have a professional auction listing
A professional eBay auction site is like your business card. If
you are serious selling on eBay you should show your potential
customers that you are a professional seller and that you are
selling high quality products. Please, don't just upload a photo
and type the text in the description box. Do your homework and
learn some HTML. Look around there are many professional
tutorials and ebooks around helping you in that matter. It's
definitely worth it. And you'll be surprised, because if your
auction listing looks nice and professional potential buyers
stay longer on your site and usually it's more likely that they
place a bid.
Secret #3: The money is in the follow up
"Yes, I've heard this before", you may say. But, this is a very
important aspect of your successful eBay career: Follow up with
your customers. Send them an email ~10 days after they have
purchased the product and ask them how they are going with the
product and if everything is all right. Invite them to have a
look at your other auctions. (You have to be careful though not
offending anyone, but if the products are related and you ask
how they went with the product, that's fine). I never got
complaints by doing that and your customers are happy to get
some |
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"insider tips". You'll be amazed how many customers will
buy from you again, since they value you as a seller. Keep in
mind that it is easier to keep an existing customer, instead of
getting a new customer. You could also send them a thank you
gift in form of a downloadable digital information product.
That's easy for you and they get some valuable information.
You'll see that your existing customers will be very thankful
and they feel good that they have bought from you and will do
again in the future.
Secret #4: Sell internationally
This aspect is often neglected by many eBay sellers: Sell
internationally! First, check with your drop ship company in
which countries they are shipping and how much postage they
charge to send the item overseas. If you have sort out these
details, you can go ahead and list your item internationally.
You'll be surprised how many more items you are selling when the
potential buyers see: Ship worldwide. Don't miss this
opportunity or you are leaving big bucks on the table.
Secret #5: Be creative - Be different
How do you think your listing will be stand out from the crowd?
Good question isn't it. In my 4 years of being an active Power
Seller, I have tried and tested a lot. First have the photo in
the gallery; it just costs a bit more to list but these
additional cents are well spend. A recent study has shown that
people almost ignore listing without a picture in the gallery.
So that's mandatory! The next step is your title. Do you know
that only the title is spidered by eBay when potential customers
are searching for specific products? So, you have to make sure
that your title includes as much keywords as possible. But be
careful here, eBay does not like "keyword stuffing". So, be
creative and come up with 2-3 different titles for the same
item. Try them all and you'll see what works best.
About the author:
Jason James is an eBay PowerSeller and his website "Auction
Resource Network" reveals his inside secrets, tips, and sources
that help him earn $10,000+ a month on eBay. Claim your FREE
e-Course Here: http://www.auctionre
sourcenetwork.com
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