One Step Ahead on Ebay!

Sales on Ebay can be a good hobby or a nice profitable business for others. We want to sell on Ebay and other auction sites for both these reasons. Below we list some of the things that have helped us out enormously through trial and error.

1. Determine whether the product you're going to auction is one time sale or if you have a constant supply of this item. This means that if a time element that you will want to get the best price for it. The best way we found to do this is two set a minimum price of the item close to what you need to get out of it. We know that a lot of people say that the minimum price will inhibit the possibility of selling a product, but it will not work if you do not try to be greedy. If you have a continuous supply of a product that takes a $ 15 - $ 20 profit is the way to go to something like $ 200 digital camera because you will have many more sales.

2. If you want a steady income on Ebay you need to find suppliers. The best way to do this is two determine the type of product you want to sell, and then start researching what that item is selling for on auction sites. When you find a supplier that carries your product and you determine that you can take at least 10% after your listing fees and Paypal fees, if any, are you ready to climb aboard the wagon on Ebay.

3. The next thing you want to do Once you find the right supplier is to buy a few items to sell. This way you will test vendor rush to get products to you. Also it is good if the supplier will drop ship to your customers. The reason for this is sometimes you can get an item that is broken or scratched, and you do not realize it until it is time to ship to your customer. A dropshipper can send this product to your customer, just like it came from you.

We hope these few little tips will help you get started in a hobby on Ebay or maybe a lucrative business.