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The Ebay Revolution - A Beginners Guide
by: Adrian Ryder
Copyright 2005 Adrian Ryder

With E bay being one of the most searched for terms on the internet today,[ approx 24 million people last month], it is hardly suprising that more and more everyday people are turning away from the 9-5 job scene, and looking at the income opportunities that this hugely popular forum has to offer.

So just what are the benefits of starting your own E bay business, as opposed to the more traditional self employment options, such as buying a business, or becoming a franchisee?

Well the first and most obvious benefit is the financial one, you can start an E bay business on a shoestring, whereas buying a franchise or setting up on your own will in all probability cost you 10s of thousands of dollars.
Secondly, the element of risk is fairly negligible with an E bay business [ as long as you don’t invest hugely in stock before you have properly researched the market]

Thirdly you can start up in your spare time, without having to “give up your day job”. This allows you to test the water, and see if you actually enjoy running your own business, before you actually take the plunge.For many people Ebay is simply a profitable and fun sideline or hobby, and that’s fine, but you need to make the choice if it’s a hobby you want or a business.If you make the decision that its to be a business,then you need to keep professional records, pay tax etc.

Another beauty of running an online business is that you can do your business activities when it suits you.You can organise your auctions at 2 am if you so choose, and people will still be looking at what you have to offer!

A final benefit,[ and this list is by no means exhaustive ] is that unlike a traditional business, your marketplace is unlimited, you can sell your product anywhere in the world, you have a potential marketplace of millions upon millions of buyers

The most common question for many people is “ how do I get started ?”. The first step if you haven’t already done it, is to get on Ebay and have a look around. Ebay itself offers great informative resources and tours for the uninitiated. Have a look at some auctions in progress, see how people list and display their products, bid for something you would like [you have to join first, but Ebay makes this a very user friendly process] Have a look round your home for unwanted items, run some auctions of your own, its fun, and you’ve nothing to loose but your junk. This is a great way of dipping your toes in the auction pond.

So, after having done this you decide that you would like to get serious about building an E bay business, what should you do first? Here is a shortlist of some basic first steps.

1. Choose your product- Everything from baseball cards to luxury homes is for sale on Ebay.Research possible product choices by looking at what your competition is doing.If you have a particular area of expertise, or a passion which others share, choose your product accordingly. TIP- A great research tool is available at www.overture.com . Its called the keyword selector tool, and it enables you to check how many times a certain word or phrase has been searched for on the internet in the previous month ie rolex watch. If few people have been looking for what you want to sell, chances are it will be a non starter on Ebay.[ at the time of writing this tool can be used by anyone free of charge, though this may well change] On the other hand if your product is frequently searched for, you may be onto a winner.

2. Don’t sell poor quality products.There is nothing more disappointing than receiving a purchase only to find it is inferior quality junk. Ebay has an excellent feedback system, which it uses to rate traders.This feedback is available to both buyers and sellers, so if you get negative feedback, this can seriously jeopardise your Ebay reputation permanently

3. Start small. Unless you are utterly confident in your product, and in a very secure position financially, start things off on a small scale, and increase your spending only as your results justify this.

4. Test, Test, Test- Try different products and combinations of products to see what works best, and always use photos,as many people buy what they see not what they read.

5. Commit from the start to offering exceptional service. Treat others as you would like to be treated, and you will soon get a reputation as a trader to be trusted, and from whom you can buy with confidence.

6. Don’t always try to make a large profit. Many of the powersellers on Ebay make small but consistent profits,and run a lot of auctions! Always ensure that you cover shipping costs, and any costs incurred in running your auction.

7. Many of E bays top sellers sell other peoples products which they neither stock or in most cases even see, through a process called ‘dropshipping’. A dropshipper is a wholesaler, who also takes care of all the product shipping details on your behalf.There are many dropship companies who tailor their services around the Ebay auction scene, and who can provide you with quality products, at very competitive prices shipped directly to your buyers [ if you plan to be in Ebay for the long haul, it is well worth giving this option serious consideration, as you really need to have a steady reliable source of cheap quality products.

About the author:
Adrian Ryder is a University Honours graduate, internet entrepreneur and researcher. For some detailed E bay success resources, dropshipping & wholesale directories, and work at home opportunities, check out his affiliate site at
http://www2268.dropshipwholesale.net
Adrian regrets that due to time constraints he is unable to enter into personal discussion/queries regarding his article.


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 Getting Great Deals on EBay
 by: Lorraine Venner

I love getting a deal. I try to smell them out from miles away. I love frequent garage sales, flea markets, closeouts, and more -- but found that I could much better by simply buying through online auctions - if I shop carefully.

Getting a deal out of EBay auctions is an art. Buying from auctions can be a costly proposition or a very economical option depending on your tactics. Buy wisely by learning from my (sometimes costly) experiences.

1. Is the Seller Trustworthy?

Both EBay and Yahoo auctions have seller ratings. Read these and their associated reviews. If the seller has a great rating from buying and a poor one from selling, you probably don't want to buy from them. Look at both praises and complaints as they may or may not apply to what you are bidding on.

2. Read the Description Throughly

It is very easy to read what you want to see in an Ebay auction rather than what is actually written there. Read both what is in the Ebay description and what is NOT in the description. Often your mind will want to fill in details with what is your dream interpretation. You need to re-read the description until you find out whether what you are searching for and what the seller is selling match.

* Used or New?

Is the item you are buying used or new? If it doesn't say new, you are most likely buying something that is used.

* Real or Fake

Is the item you are interested in "real" gold, sterling silver or pearls? For example, a description saying: "gold necklace for sale" does NOT say 14 kt gold or 18kt gold. That most likely means a gold COLORED necklace which may or may not have actual gold metal. This also applies to pearls as many call plastic fake pearls simply "pearls".

If the seller is selling beads, those beads could be plastic, glass, stone, scrap metal, crystal, chips, wood, clay, gemstone or some other material.

* Item Details

Does the EBay description really say how much you are getting, how long the item is, and quality of the item? Selling by the pound can be a great deal - or a horrible deal.

* Beware of Hidden Costs

Look at shipping and handling costs. I've seen many penny auctions that have $13 or more shipping. Some auctions even have handling fees.

* How Fast Will it Ship?

I've been seeing a fair amount of auctions that note that the product will ship in 2 months or that shipping time is 2 months. If you are buying for a particular holiday, be sure that you will get the item in time.

3. Is it a Bargain For You?

Many times an EBay auction will say that the items are "worth $XXX". In many cases, that price is inflated. Often you can find similar items much cheaper tah "$XXX" at normal stores. (However, the auction price may still be cheaper than you can by elsewhere - it really helps to know how much you usually pay for items!) If you are only interested in some of the items in an auction, adjust your bid to reflect how much you are willing to pay for just those items unless you plan to sell the rest as that is how much you would pay for it elsewhere.

4. Auction Fever

Compare prices on the net at the same time to avoid overpaying. Know that usually you can get the item later elsewhere. Wise buyers know to walk away when the price is higher than the item is worth to them.


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