Auction Information

Doing It eBay: An eBay Business Means Fun and Profits in a Global Marketplace


In 1995, when Pierre Omidyar introduced an online business venue that was essentially a virtual garage sale with auction pricing, no one knew a retailing revolution was about to occur. That site became known as eBay, and it's hard to find someone today who hasn't at least heard about the popular online auction company.

What's important to understand from the start is that eBay is a sales channel that you can use exclusively or in addition to selling through a retail operation, mail order catalog, independent Web site, or network of direct salespeople. You decide the type of business you want to have, what type of merchandise you're going to sell, and how you're going to operate.

To sell on eBay, you'll pay a listing fee to post your merchandise and a final value fee (a small percentage of the sale price) when the item sells. For the current eBay fee schedule, check the eBay site.

What can you sell on eBay?

Though eBay is a popular place for the sale of used items ranging from high-dollar antiques to second-hand junk, it's also a venue for brand-new, up-to-the-minute merchandise of all types and in all price ranges. Deciding what to sell on eBay can be particularly challenging because your options are virtually limitless. Some of the more popular categories of items are cars, computers, consumer electronics, books, movies, music, sports items, collectibles, clothing and accessories.

As you take the first step of deciding what to sell on eBay, keep these points in mind:

Have an interest in the product. Don't choose a product based on potential profits alone; be sure it's something you'll enjoy working with.

Cost and sale price. How much will the item cost you and how much can you reasonably expect to sell it for?

Availability. Is the merchandise readily available or will you risk having to deal with supply problems?

Storage. Do you have room to store the merchandise?

Packing and shipping. Consider what is involved in packing and shipping the merchandise. Even though the buyer typically pays the shipping costs, think about your labor, time, and potential breakage.

Seasonal issues. Will the item sell year-round or be subject to seasonal fluctuations?

How do you sell on eBay?

You have a variety of ways to sell on eBay. In addition to the traditional basic auction, where you post your item with a starting price and wait for bidders to drive the price up, you can use a number of other pricing features and auction types. In addition to auctions, you can also set up your own eBay store, which will allow you to sell auction and fixed-price merchandise from your special location on eBay. You'll pay a monthly fee based on the level of store services you want, plus additional fees for items listed and sold.

The technical side of eBay

eBay has evolved into one of the most user-friendly sites on the Internet. Getting set up as a user is a simple process that you can complete in just a few minutes. You will be required to provide your name, address, e-mail, and telephone number, as well as a credit card number and your checking account information. eBay uses this information to confirm your identity, which protects the integrity of their operation, and to collect auction fees. If your contact information changes, be sure to notify eBay immediately.

You must register to buy or sell on eBay, but you can browse around the site without registering. Before you do any business on eBay, take the time to get to know the site. Set aside several hours to get online and browse around, study listings, read the help pages, understand the various tools and how you can use them, check out the forums, and get comfortable with how the site works.

Once your business is up and running, you'll probably want to consider using supplemental auction management software, which will save time and money, make you more efficient, and improve the level of customer service you offer.

Getting started as an eBay seller

Start off by buying a few things, then start selling, posting just one or two auctions at a time until you're comfortable with how the process works. You'll make mistakes, especially in the beginning, but if you learn from them they'll be worth the cost.

Keep in mind that eBay is ever-changing. As the economy cycles, you'll experience changes in pricing and demand. And as more people start operating on eBay, the competition will increase and prices may decline slightly (great when you're buying, but not when you're selling).

If you plan to make selling on eBay a full-time business, expect to work hard. Though there is plenty of money to be made on eBay, it's not a get-rich-quick or easy deal. You'll invest as much time and energy as you would in a traditional retail operation--but your potential for profits is greater.

Don't be intimated by the sheer size of the operation, and keep in mind that eBay has reached less than ten percent of its potential market-which means there is plenty of room for you. So find your eBay niche, get online, and watch your business grow.

Jacquelyn Lynn is the co-author of Make Big Profits on eBay: Start Your Own Million $ Business (with Charlene Davis, Entrepreneur Press, 2005) and the author of Start Your Own Business on eBay, plus nine other titles in Entrepreneur's Start-Up Guide Series. For more information, visit http://www.jacquelynlynn.com


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Don Kalvig Estate Old Iron Auction (8/25)
Mason City Globe Gazette
Don Kalvig Estate Old Iron Auction Saturday August 25th @ 9:30 AM 1405 4th Street South Northwood, IA 1 mile south of the old creamery museum on the west edge of Northwood 40+ antique tractors for repair, parts or scrap including John Deere, Huber, ...



Retirement Farm Auction (8/30)
Mason City Globe Gazette
Retirement Farm Auction Located 2 ¼ West of Thor, IA on blacktop (250 th) to 2775 Thursday August 30, 2018 1PM Short Sale Please be on time. No Lunch TRACTORS: 1997 9400 JD 4WD 38 duals, bare back, 4 hyd, 24 speed, 5548 hrs, • 1996 8100 MFWD, ...



Rolling Stone

Ronnie James Dio's Estate Details Upcoming 666-Item Auction
Rolling Stone
Ronnie James Dio's vast personal collection of guitars, stage wardrobe and artwork will feature in an upcoming auction dedicated to the heavy metal giant. The auction, fittingly, is offering 666 items from Dio's estate. Among the notable items in the ...

and more »


Las Vegas Review-Journal

Morphy Auctions, a vintage slot machines seller, wants gaming license
Las Vegas Review-Journal
Drop a nickel into one of the color-coded coin slots of the slot machine, pull the lever to spin a table-top roulette wheel and maybe you'll be lucky enough to hear coins clank into the hopper below. A new game on the Strip? Hardly. The Caille Bros ...



Wichita Eagle

This mobile home was Elvis Presley's private 'getaway.' Now it can be yours.
Wichita Eagle
It's where Elvis Presley and his wife Priscilla spent their honeymoon. And now the “piece of rock 'n' roll history” is up for auction by GWS Auctions, LLC. The mobile home was located on Presley's “Circle G. Ranch” near his home, Graceland, in Memphis ...
Elvis Presley's mobile home is up for auction | myfox8.commyfox8.com
Elvis Presley's mobile home is up for auctionCNN
For several other photos from inside the mobile home, click here - connect.invaluab... - Invaluableconnect.invaluab... - Invaluable

all 17 news articles »


Herald Sun

Ormond bucks the trend with two auctions soaring above expectations
Herald Sun
A CALIFORNIA Bungalow with plenty of street appeal soared $128,000 past reserve at auction on the weekend. The renovated Ormond pad at 1/62 Lillimur Rd attracted five bidders who fiercely competed for the keys of the Scandinavian style, two-bedroom ...



Livestock auctions
Cadillac News
Clare County Livestock Auction, LLC. Sale every Monday at 3 p.m.. Aug. 13 results: advertisement. Choice colored steers, $100 to $111; choice colored heifers, $90 to $108; good colored steers and heifers, $80 to $103; choice Holstein steers, $75 to $97 ...



Marketplace.org

The business behind celebrity auctions
Marketplace.org
As a public school teacher in New York City, Richard Andino isn't making boatloads of money. But that doesn't stop him from attending celebrity auctions. At a Park Avenue sale last month, he dropped five grand on a gold watch once owned by the mid ...
Hard Rock History - Hard Rock CafeHard Rock Cafe
MGM Auction. Adrian Archives – Silver Screen Modes by Christian EsquevinSilver Screen Modes by Christian Esquevin
Leo Braudy - Press Room USCUSC Press Room - University of Southern California
Telegraph.co.uk -Marketplace.org
all 17 news articles »


Fox Business

Collector cars may fetch $342 million in one week at Monterey auctions
Fox Business
Collector car auctions held during the annual event in California will combine to fetch $342 million in sales, according to an estimate by Hagerty. That would mark a 4 percent gain versus 2017 and the first year-over-year increase since Monterey Car ...



Al-Bawaba

German Stewardess Successfully Auctions Her Virginity for $226257
Al-Bawaba
And Mandy, who has said she intends to use the proceeds of the auction to boost her career and help her family - leaving some over for charity - said she thought her age drove up the bidding on her virginity. 'Every woman can only lose her virginity ...

and more »

Google News

home | site map
© 2006