That is the question that thousands are asking me every week. My email is also flooded with questions like: How do I start an Ebay store to make money on Ebay? What should I start selling on Ebay? Is there an affiliate program that will help me make money on Ebay? The list goes on and on.
The one question that we are going to cover today and one that you should pay attention to is “I have a product but what is the best way to evaluate the product and find out how I should price it so that I can make money on Ebay?”
I have two words for you: Search Engine. No I’m not talking about Google, Yahoo, or any other of the major search engines. I’m talking about a search feature that is literally under your nose at this very moment. I’m talking about the Ebay Search Tool!
Did you realize that the Ebay search tools is the fastest and most accurate way to finding out if people are buying products like yours on Ebay? You will also be pleased to know that you can discover what sells best so that you can make money on Ebay and how to accurately price your products so they sell like hot cakes!
Using the Ebay search tool to make money on Ebay
Be sure to search the ‘completed auctions’ to find out how similar products like yours have been selling. The results that you will find here will also help you determine which categories to list your item in. Anone can make money on Ebay but you want you do not want to be just ‘anybody’
Each item sold on Ebay has a particular type of buyer that shops for that item. If you were looking to buy paperback books on Ebay then you obviously would not be searching under the category of televisions, right? This line of thinking will help you better profile buyers and after you have analyzed their shopping patters by studying the completed auctions section of the Ebay search tool then you will better be able to become a ‘power seller’ to make money on Ebay.
Hot Tip: Use this completed feature to find out what ‘time of day’ that the high bidders snagged the sale and won. Are you getting the idea yet? Good, let’s continue…
Most of the time new sellers like to jump in and make money on Ebay by selling a very common product. That is ok but you still need to do your homework. What kind of homework? Well for example you definitely want to check and find out how many other Ebay sellers are pushing the same product. In conjunction with this information write down what time their auctions close. If you you are the second or third auction to close with the exact same price then your profits will shrink to nothing, trust me.
Hot Tip: Space out your auctions that are similar to others to avoid being left in the cold.
Although it is not necessary now, it is advisable for you to learn the the Ebay search engine ‘syntax’ (shorthand) so that you will be able to location your items with precise accuracy. Of course you can make money on Ebay by by just finding your way around using the small search box that shows on each page, but eventually you will need to learn more. And, if you are really new to using the Ebay search features then by all means simply go to the search page.
5 parting tips
Last but certainly not least, I am going to leave you with a brief list of tips below which will help you get as much as you can from the Ebay Search Engine in order to help you make money on Ebay.
1. To better define your search be sure to check off the boxes next to ‘search titles and descriptions’ options
2. Do not worry about using caps when using the Ebay search engine. It is not case sensitive.
3. Using conjunctions and articles are not advisable when typing in your listing. The Ebay search tool may consider these conjunctions/articles (a,or,an,the,etc.) as part of your search and pull irrelevant listings.
4. When searching for a popular item then it is advisable to search by the full ‘description’ and not by auction titles and descriptions alone.
5. If you are interested in finding the history of pricing for an item then make sure that you check off the box to search the completed listings in addition to the current ones.
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Help answer the question aboutMake money with ebay
How do people make money selling stuff on ebay so cheap, Where do they get thier inventory cheaper than ebay?Im trying to open an ebay store as a side job, but everything i find to sell is already so cheap that i cant make even a dollars profit on anything. Is it because people buy in bulk or have deals with the manufacturers or what? how is anyone makeing money on ebay?
September 7th, 2009 on 7:04 am
Do these websites actually work for people signing up to advertise for them? How much money can I make?
September 7th, 2009 on 7:04 am
Thank you
September 7th, 2009 on 7:04 am
Nice voice, man. Very soothing.
September 7th, 2009 on 7:04 am
Excellent.thanks for making this, very informative.
September 7th, 2009 on 7:04 am
Cool video and very easy to understand. A+
September 7th, 2009 on 7:04 am
The power sellers make money on some listings and lose on some. Also, they sign up for premium accounts that allow them to list for longer for less.
September 7th, 2009 on 7:04 am
Some sellers sell hot items and make only $10-$20 per item but sell a lot of items every day. Others only sell a few low-demand items each week but make a lot on each.
You need to find items cheaper or more of them, preferably both.
September 7th, 2009 on 7:04 am
A very profitable way is to search around for really good sales. Buy cheap, sell for more $$. I sometimes go to the Coach Outlet about 45 min from my home. Last time, I purchased 8 handbags for a really good deal, and sold almost every single one of them for almost double. You can even be put on a list sometimes, to be contacted when the really big sale(s) hit.
September 7th, 2009 on 7:04 am
Buy a thousand of something for really cheap and sell them individually.
September 7th, 2009 on 7:04 am
Its tough to make money on ebay because thre are so many sellers.
You have to sell in volume and make at least $2.00 on shipping.
The best items to sell are free items.
1) Print up business cards,
2)Goto yard sales and tell them you will buy what's leftover for $5.00 or haul it away and charge them money.
3) buy items from goodwill & salvation army
4) sell all those free and cheap items on ebay with no reserve.
If they only pay you a penny you make money on shipping.
Good Luck
September 7th, 2009 on 7:04 am
There's various methods to make money on eBay.
One way for you as a WAHM would be to consider dropshipping. Minimal investment, just takes a little time at home to get it setup. It's where you don't handle any products or inventory.
How it works:
You simply find a credible supplier and you act as their middleman. The supplier gives you a wholesale price, you mark up the price and promote it on eBay. When a customer makes a payment for this product you listed, you funnel payment to the supplier and they ship it for you, typically under your name! The difference between what the customer paid you and what you send to the supplier is your earnings! Make sure whatever niche products you decide to dropship, that the market isn't too saturated.
Check out my About Me Page on eBay to find additional information sources to sell on eBay @ http://members.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=ezas123
September 7th, 2009 on 7:04 am
I buy stuff for less than 5c with free shipping, then sell them in my own country for $2+ each. see the link below.
September 7th, 2009 on 7:04 am
You can make money by selling stuff after setting up a account. And don't ask me how cause I don't know and never done it but I know of a couple people that does it
September 7th, 2009 on 7:04 am
by claiming to have things famous and taking advantage of people and ending up making millions