What other business can you start for less than $100?
What other no risk way can you make more money in less time than this?
Since you are reading this article i can only assume you are looking for a way to make money online. It could be selling products on eBay or it could be affiliate marketing.
The answer is a combination of the two. In this article you will learn how to set up an eBay business that will work for you 24 hours a day. Now along with this article you will find out the four basic components needed to expand your business revenue.
#1 Business Plan – The very first component you need for any business to be successful on eBay is a plan.
What ever it is you plan to do, you must know the ins and outs of that particular business before you start.
You must know how much money you are budgeting for your expenses and make sure that your income will cover cant.
#2 Desired Income – another component you must have in order to make money on eBay or any other platform for that matter is target the dollar volume.
This is very important. If your product can be bought for $200 it does not matter where you sell it. You will sell all the time.
In order to find out what the dollar volume of your eBay products is go to Amazon.com and research the various products. Take a look at each product and see how far your product selling for.
If you are selling a high dollar product then you will need to find a way to ship the product to the customer.
With that in mind, I won’t go to great lengths to tell you how to find a wholesale supplier… but let me tell you two things.
First you should not be selling products that are too cheap or tied to certain brands like such as iPod.
Why?
The problem with that is that if the product is caught on the tail of a much better produced product, then your product and your business is *ahem* what you came up with.
Second, You should sell products that are in huge demand, especially on eBay.
EBay is a very unique place. Work out the top ten searches in your particular field and look them up in ClickBank.
ClickBank will give you a list of those products that have the highest demand. The problem is that there are way to many of those products in one single day.
Here is the right way to find those product.
Really lookThroughout the marketplace at the reaction that the average person is making, what are they selling for.
For example, if money is a big concern about the average person then give him monetary problems, is there a product he can buy on the Internet to completely solve that problem instantly. I bet there is!
For instance, if the average person has a financial worry about credit card debt, go through to ClickBank and look for new credit card debt laser tools and you’ll find a diamond in the rough if they are selling.
#3 Save yourself time and buy wholesale
How do I buy wholesale?
Simple. You know that place you buy wholesale anyway….right? Where?
Well, what you see is the real deal. Just walk in and when you are going to hit the market, see if you can buy in bulk anywhere you can.
Let’s say what. Let’s say you just bought 80 dollars worth of merchandise to sell. After you sell it all back at the store, you return to your wholesale supplier and order two items.
Horse dude, you had two items there worth! You can do the same amount of of the product again for the second time.
The key is to buy wholesale. It won’t break the bank to get started. Any product you can buy dropshipped at the wholesale price will be profitable.
#4 Build a list
Sounds like drag doing dead on the internet.
This is money is tons easier than you might think.
That’s right. If you had an ounce of guaranteed traffic on eBay you would be rich.
What does this mean?
Well, the higher the price range of your products the more customers you will get, the better the store you will be in.
Think of items that sell for over $5,000. Which of course means, you can buy them in bulk.
So, I hope you got some great ideas from this article, it really does not take that much to start your own business on eBay.
