I mean there are over 80,000+ new registered users coming on eBay EVERY DAY… the market is HYPER-ACTIVE.
You can get started in a few minutes just by listing a few things laying around your house, but that’s not how the BIG money is made…
Pay close attention because I’m going to reveal how some really big money is being made- with no investment!
I initially started by selling stuff around the house on eBay, including a Dictaphone machine that originally cost $800 when I did medical transcription.
I would take a quick picture of the product with my digital camera, write a brief description and list the item for 7 days, or if was really rare, 10 days to get as many visitors to the page as possible.
If you have a collecting interest you can start generating money from your hobby by listing a few of your items on eBay today.
But what happens when you run out of stuff of your own to sell? You could hit the garage sales and estate sales … but that is small potatoes.
Here’s just one real secret to making BIG money on eBay:
Specialize in ONE type of item that you have an advantage in buying cheap that few people can match. How do you find items like that?
In your own backyard.
Look through the phone book… find manufacturers in your area that make any kind items, contact them and see if they have any ‘imperfect’ or any discontinued items. Offer to buy them for pennies on the dollar wholesale. That’s a good way to start, without a large investment…. but it’s still an investment.
Here’s a way to make money on ebay with NO investment:
Take the same products but offer to sell them for the manufacturer on *consignment* … you could also look at what types of products are produced by handcrafters in your area… offer to represent one or more for a percentage of the sales you generate. Take the items on ‘consignment’ and sell it on ebaY for them.
Take 30% or more as your commission on anything up to $2000 and then negotiate with the seller for items that sell for really big money.
It’s a win-win… they move products and you get a comission!
Only represent quality items that are unique. A great guide to running an ebaY consignment business can be found here,
Ebay Consignment Business ToolKit
Even though the Biz Kit targets ‘antiques’ I would add a ‘twist’ and go after the handcrafted items unique to your area as well as higher priced items.
Here’s how I would do it:
Take a look at the Big Ticket items that are selling on ebay and possibly specialize in one or more of them,
Big Ticket Items Being Sold On eBay
There’s money on eBay… just start looking for items in a category you would like to sell in, source a product and start selling… it’s easy – and there is no investment if you operate on consignment.
I’ve heard of at least 3 people, who operate in their own areas clearing $200,000 or more each year doing this.
For Members only benefits and a clear and ‘insiders’ view of this type of business take a look at this,
Ebay Consignment Business ToolKit