Tips on Making Money on eBay

More and more people are trying to find ways to make money online. Sometimes this is the result of being laid off while other times people are just looking to bring in more money each month. The good news is that there are a lot of opportunities for making money online. Selling products on eBay.com is a venture many people take on. Although it does take a bit of practice and knowledge in order to get started, it has very good potential. There are actually thousands of sellers on this website who work from home full time and make more money than they did at their regular jobs.

eBay is unique because it is an auction website that reaches people all over the world. Buyers can easily log onto the website and search for virtually anything that they need. As long as buyers have reasonable prices for their products, good shipping rates and great pictures; their item is likely to get bid on. Tips to make money selling on eBay include:

Make an account

This is the first step for any seller to accomplish when they want to post their products up on eBay. It's actually very easy to do this since the website is so user-friendly. Once everything has been verified, the seller should take time to explore the website. Seeing how other people post their items is a great way to get tips for posting individual items up for sale.

It's also important for sellers to set up a PayPal account if they don't already have one. Almost all of the transactions on eBay are done via PayPal, so an account is absolutely necessary. This makes it easy and safe for buyers to purchase items without having to give any of their personal information. Keep in mind there are fees associated with both of these, which will vary for each person and item that they sell.

Find items to sell

Selling the products will come later, for now the actual items need to be found. These could be things that are lying around the house or wholesale items that need to be sold. No matter what the items are, pictures need to be taken. This is extremely important for any seller that wants their item to be looked at and bid on. The pictures should be clear and show the item based on exactly what it looks like.

From here, the price should be determined. Sellers may find it helpful to look at the same or similar items on eBay so they can get an idea of what their product should go for. Prices will vary based on if an item is new, used and a variety of other factors. Sellers should always keep this in mind so they can make sure their items go quickly.

Post items for sale

Listing items for sale is very easy for all sellers to do. The items can be placed up for as long as the seller would like. Most people list their items for one week since it's the same price as a few days. One week will give more people the chance to find the item and bid on it as well. Descriptions should be accurate and full of detail so bidders know what it is they are getting.

Once the items are listed for sale, the bids can start coming in. Generally it will take a while before anyone actually puts in a bid, but this heavily depends on what the item is. Towards the end of the listing time the bids will get fiercer, especially when there are several people competing for the same item.

Ship item after sale

Once someone has purchased the listed item, it should be shipped off. This is generally done once the payment from the buyer has cleared. The buyer should know which shipping option was offered when they bought the item. It's always an added bonus if the seller can deliver quickly. This will also result in good feedback from most buyers as well!

Although it might seem like a lot of work, selling on eBay is worth it for most people. The fees are there, but are generally not enough to make selling a bad deal. When sellers receive good feedback they will increase their odds for purchases in the future! Anyone can make money selling on eBay if they are dedicated.

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Money Making Tip 2: What To Sell On eBay

I decided to start selling on eBay and the first thing that came to my mind is that I should look for a huge wholesale of several items and then sell them on eBay. This was going to make me a fortune or so I thought. I did not realize one very critical element was missing. What I was missing is the idea that not every product on eBay can make you lot of cash online. The simple answer is that people have different tastes for products that they buy online and the best thing that I should do is to understand what the customer wants and not what I want to sell. The first thing that I should have done first is to know what people want first and then sell to them what they want. I would also need to find out which product is very profitable. This is because there is plenty of competition nowadays on several different niches and so making a good profit margin is difficult.

This is where the research part is very important because I would then know which niche to go into and the right price for the product. This is no easy feat to achieve because you will really need to make sure that you search very widely before you can start selling any product or else you will not get close to the desired results. There is software that you can employ to make you life easier and one of them is Terapeak. The software that will help you in the research part and what it does is to help you search for items easily. The second tool that you will find even more amazing is the 'want it now' tool that will let you know what customers want exactly. Another tool that can help in answering what to sell on eBay is the eBay pulse. It lets you know the most searched products on eBay. All this will go a long way in making a person successful in selling on eBay.

A part of the research can also be done outside the computer while you're watching tv, talking to your neighbors, listening to the radio and others. Any essential information that can tell you that an item or a service has increased demand can help you formulate a good plan for your eBay selling business. You can simply note all info that you can gather through the day and sum it all up at the end of the day when you're on your workplace.

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Selling Your Old Internet Projects

If you have ever made a website, the chances are that you have old projects and sites sitting around. It happens. Over time you may have started and stopped numerous times, leaving some sites behind. Having an inactive websites or online business does not mean that it isn't profitable. It just means that you directed your skills and daily attention to more pressing issues and projects. In fact, your old project might become someone else's livelihood. They say one man's garbage can be another man's treasure. That cliché is also true with domains and old URL's.

How to sell your website? There is a large industry of reselling online businesses, websites, and domains. One of the most popular ways is to list your site on an auction site. These listing services are very efficient and have a large following of buyers. There is a huge demand for websites; listen to the commenters and bidders. You list your domain and supply an outline of information about it. There are sites that allow you to set a reserve price that must be met before an auction sale is final. Setting a buy it now price is also common.

Did you do any SEO? If you applied any SEO, your website could be worth some serious cash. Don't forget that Google trusts old domains, so they age similarly to wine. It is best case scenario if your site has been receiving consistent traffic with SEO modifications. This being said, it might not be too late for that. You can do it yourself or find an SEO firm, but there is a lot to be said about a quick on page optimization job. I recommend using search engine results to find SEO experts; it just makes sense. For example, do a search engine search for "seo development" to find an seo development expert. Since SEO isn't done on most websites, it really adds value to your auction. Who knows, maybe your bidding war will begin with discussion on your SEO. Many of the listing services to sell websites have public comments on each site's auction page. This means that potential buyers can ask you questions. This gives a personal element and allows you to go into more detail about your site. Don't worry, these bidders realize that many websites fall to the wayside. They are interested in receiving objective information about whether they should buy your site.

Is it worth anything? There isn't a fool proof way to tell exactly what you should list your site for. However, taking the time to research current and past auctions will help you get an idea of the value. Remember, Google trusts old domains with higher rankings. This means that a new blogger's site might only be worth $500, while a basic (and old) golf course website might be worth $10,000. These prices really depend on consistent traffic and backlinks. Make sure you list all of the great things about your website. Avoid being apologetic about past traffic (as it will be visible.) Give an objective perspective and bidders will really trust you. If you catch enough interest, you'll receive comments. As long as your conversation with bidders stays beneficial, you will probably get bids!

Was it a business? Turn-key operations are a big ticket item on these websites. There seems to be no shortage of people willing to pay huge amounts of good will, the amount over its appraisal value, for established businesses that are likely to make the money. If you can offer a seamless transition from your ownership to theirs, you have the sale. Even if your business only profited $100, it gives bidders the confidence of "doing it better." They want your old business to make their changes and reap the benefits. Let's face it, those are the perspectives of the bidders.

Setting a price. Do a search engine search for "URL appraisal" to get your ballpark valuation. It really pays, however, to do research on your chosen listing service's current and past auctions. A quick search for "sell website" will direct you to several popular auction sites. Comparing your site's stats (given by using a number of those URL appraisals and "Google Webmaster tools") with the stats of auctioned sites will help you get a realistic idea of what you will get for your domain and/or business.

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Tips on Finding Penny Bidding Legit Sites

With the web being so infinitely gigantic and endlessly expanding there are new things popping up everywhere and all the time. One of these new things to explore is called a "Penny Auction." And with all new things, more often than not, they're a bit hard to understand. New concepts take a moment to sink in before they're fully understood. Most likely you've read some other articles about Penny Auctions before this one, but know you probably were bombarded with misinformation and negative stereotypes, all coming from people who think they know what they are. I'm here to set the record straight and give you the real deal on Penny Auctions and let you know what to look for.

It's true some places are real scams. But it's also true that there are legitimate websites out there. The trick is in spotting the differences, the traits that make a real site shine and make those filthy scammers show their true colors. I'm going to discuss a few examples of things you should definitely keep an eye on and will keep you from some unwanted problems.

Always look for websites that display testimonials from past winners. This creates a sense of history that shows that people are actually winning items from these sites. Some places will have pictures and some words from the winner. Others will have videos with the testimonial coming straight from the person in the vid. The more the site has something like this, the more likely it will be legit. You know you can always contact someone on YouTube if they posted their video testimonial there. Try talking to some of these winners and they'll help you get a better picture.

Don't forget to check out some statistics. You can use tools online that will help you find out the traffic ranking and how they stack up to websites around the rest of the world. The more traffic it gets, the more likely it is legit. Think about it, more traffic more people, more referrals from happy people, more people coming back. I think that is a good sign, especially if you take into consideration how long a site has been running. For example, a site that has lasted for several years is far more reliable than a start up that is less than 6 months old. What's stopping this start up from not sending people their prizes and taking the money and running? It's best to find a site that's at least 2 to 3 years old. The first Penny Auction sites first appeared in 2009, just to give you some perspective.

Some sites use bots to automatically make bids and jack up auction prices. Sites that have little traffic usually resort to this. Bigger sites with higher levels of user interaction won't have to utilize a tactic like this. What this does is artificially makes the final price higher and also causes the user to spend more bids, which means spending more money as the user had paid for their bids. The good sites try to combat this and try to place a cap on how high an auction can go, and since these things rely on countdown timers, they could go on forever. A good site has a healthy set of live and finished auctions that show that they aren't just on an infinite loop with the price skyrocketing!

I hope this little guide has helped you. It also doesn't hurt to do some searching of your own. Go out there, read up a little more and maybe try your hand at one of these auction things and get a feel for it. Once you know how to wade through all the garbage, you'll be able to find the right sites. Good luck!

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A Wholesale Resource That Can Really Work Wonders for Your Online Business!

In order to learn more about eSources, many people take to studying an effective review, article, or even forum threads. A number of these have spoken about how the site doesn't just offer truly comprehensive information but a lot of the information is available for free! In fact, the site seems to have something for everyone, no matter how they choose to use the site!

Retailers have often had to struggle with sites and services that were very upfront about charging a fee, but not so upfront about providing the right kind of services! This directory service provides a very refreshing alternative, since it provides access to a vast portion of their directory for no charge. This is no empty claim - unregistered members can freely browse the site and get a real sense of how it works!

Getting a Feel for the Service

It's interesting that when it comes to assessing eSources people have written informative reviews about a number of beneficial experiences they had with this directory! This is because a rich chunk of information is available for absolutely no charge on the site. Does this mean that the information is sketchy or incomplete? Absolutely not! The casual browser can easily click on a supplier and see where they are located and what their main industry focus is.

Users can also get information on the products they provide, who they supply to, what their focus markets are, the kind of payments they accept as well as applicable delivery charges. However, that's not all - for certain suppliers, the complete contact details are provided as well! This includes website information, phone numbers, and postal address. In other words, a retailer can get all the verified information they need, for absolutely no charge!

Many articles have mentioned that this has been hugely beneficial for many retailers. A number of retailers have connected with suppliers by simply using the free service. Many retailers have also opted for a membership, in order to get access to the entire database as well as a number of extra perks!

Free and Premium Benefits

When talking about the advantages of eSources, it's not hard to find a review that talks about how the site's free and premium offers are both advantageous! Many retailers have benefitted from the free service, as it gives them access to the latest offers and allows them to contact suppliers directly. The free membership also comes with the option to subscribe to free e-courses and free email updates.

Many a user who has been impressed by the free service provided by this directory, have spoken about how they opted for a premium membership, so that they can really experience the full potential of the site. This gives them access to the entire database, unlimited ecommerce sites with free hosting, access to market research reports, case studies and even an eBay business handbook!

eSources really does provide effective information, whether you opt for the free or paid membership. Even the casual browser can gain a lot of information on verified suppliers, products, and industry leads, without even signing up. This is a service that really works, no matter who you are and no matter how you use the site!

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The Positives and Negatives of Online Auctions

Internet auctions have become increasingly popular over the years for a number of reasons, from their broad geographical reach to their absence of time limits. If you are contemplating moving into this area of selling there are a wide variety of attractive benefits to consider, but also some negative aspects to take account of. Here is an outline of some of both the pros and cons:

Cost-effective

Auctions can be one of the most cost-effective ways of selling goods online. There's a plethora of cost saving measures sellers and auctioneers can take. It is considerably cheaper to organise an online auction than an offline auction event - with an offline auction money needs to be spent on a venue, a professional auctioneer, item storage and various other necessities. There are comparatively few expenses to worry about online... Auctions can also be an excellent way of liquidating old or excess stock. Selling these items by auction tends to bring in significantly higher profit margins than selling them off at a fixed discounted rate. Marketing is another area in which Internet auctions can save on costs. Marketing materials in the offline world can be costly and time-consuming to produce and distribute. Online marketing is relatively cheap, and has numerous other advantages.

High profits

Online auctions are open 24 hours a day, 7 days a week. They can go on for weeks (or even months). This is in contrast to physical auctions, which typically last for no longer than a few hours. This lack of time constraints is a great asset. It means that bidding can carry on for longer and thus lots are likely to sell at a higher price. Bidders find the competitive environment of auctions exciting and exhilarating. This is true of Internet auctions just as it is of auctions in general. This atmosphere can encourage participants to bid for items at significantly higher prices than they would in other situations. It is not surprising that online auctions have often been compared to gambling. As in gambling, participants can become caught up in the excitement of the event and become increasingly reckless with their money. This can lead to prices being driven well above and beyond market value.

Wide reach

Whereas in the offline world auction attendance is limited to those who can manage to physically be present at the event, auctions on the Internet can potentially be accessed by a vast and diverse audience of people from every corner of the globe. Items can be sold to people sellers would never have had access to previously. The larger the number of participants in an auction, the higher the prices that items are likely to sell for. There can also be a larger number of products up for auction. The increased reach of online auctions can allow sellers and auctioneers to create new specialist markets within their sector. Online auctions provide an astonishing degree of access to unusual or niche items that rarely turn up for sale in normal circumstances. For example, in the offline world machinery tools may become available for sale only occasionally and go for a high price when the do come up for sale. There is a wide geographic market for these items online. If marketing is targeted effectively, you can make lucrative sales.

Efficient marketing

Trading online offers the opportunity to market products in an exceptionally efficient and effective way. Data from your website can be used to identify customers' and visitors' buying and viewing habits. This means you can make highly informed decisions based on your customers' interests and tendencies, and target your marketing activities more accurately. Social networking and blogging are very useful tools for anyone with an online business. Social networking can provide a steady stream of contacts and sales leads, as well as allowing you to publicise your auction site in a general way. If you frequently take part in online discussions relevant to the goods you sell you can offer your advice and expertise in the area and encourage people to put their confidence in you as an auctioneer or business partner. Writing a blog can also provide excellent publicity and customer interaction, as well as another route to your site for search engines.

Downsides

However, Internet auctions can also have their downsides...

• All websites are vulnerable to technical glitches. Technical glitches could cost you significant amounts of money, and customers who encounter a glitch when using your site may be permanently put off from buying from you.

• Criminal activities are something else to which e-commerce websites can be susceptible. If customers pay for items through your own site it is important that you scan the server for any potential security risks and comply with PCI DSS requirements.

• It shouldn't be forgotten that there is still a significant number of people (particularly older people) who are not adept at, or not enthusiastic about, using the Internet to buy goods. Basing all commercial activity online may cause companies to lose these customers.

• Online auctions tend to lack the bustling, highly-charged, highly competitive atmosphere of auctions in the real world. This could lead to less competitive bidding and thus lower prices. Online auctions tend to see a dramatic surge in bidding activity towards the end of the auction, rather than sustained competitive bidding throughout the auction.

• Some bidders engage in a practice known as "sniping" - not placing any bids until the very last moment of an auction (when it is impossible for other participants to place competing bids) so as to avoid a bidding war that will drive the price higher. Naturally, this is not very beneficial for sellers and can result in lots selling for well below market value when in a physical auction they would have sold for a higher price.

Overall, the benefits of online auctions tend to outweigh the risks and downsides. However, it is important to research and consider all aspects of online auctioning before making the decision to move into this area of commerce.

A Guide To Online Auctions

Since online auctions hit the world of the internet in around 1995 they have found international popularity and now there are literally hundreds of online auctions from the traditional highest bidder auction to newer more innovative formats such as penny auctions. You can buy almost anything from auctions on the internet including antiques, second hand items and brand new products. So whether you are a buyer or a seller, here's your quick general guide to online auctions.

Buyers Guide to Online Auctions

Internet bidding sites are great fun and for many people this is a big part of the attraction. Yes you may well get that top notch Smartphone for less than a quarter of its value, but for many users actually winning such an item is just a bonus in what can be an exciting chase to outbid your competitors at the last second!

Before bidding on any item however, here are a few tips that might just come in handy:

1. Online auctions are all different so familiarise yourself with each individual site and their rules and never assume that they all work in the same way. 2. Find out if the site offers buyers protection and discover what the return policy is. 3. Read about the item you are bidding on carefully, especially the small print! 4. If the auction site gives seller ratings then make sure you check these out. 5. Consider how much you are willing to pay for an item and stick with that amount, be prepared to walk away if it goes over your highest offer. 6. Keep your nerve and have fun!

Sellers Guide to Online Auctions

Online Auctions can be a convenient and easy way to turn those unwanted items into spare cash. Some people have even set up online businesses which trade in pre-loved items. It can be a great way of earning a little extra money, but before you start to list those unwanted Christmas presents, read out brief guide first:

1. Be truthful about the item you are selling as some auction sites will list buyers' feedback and your rating may be affected if you don't mention flaws or stains, etc. 2. Consider how much the item would cost to post and think about whether or not you would ship anything overseas. Don't be tempted to hike up postage charges in order to sell something cheaply, buyers can see through this tactic. 3. Use your own photographs and not stock photos. 4. Think carefully about the lowest amount you are willing to accept for the item because if someone bids for that amount, you may be obliged to sell at that amount. 5. Ensure buyers know where they stand with a comprehensive returns policy. 6. Don't be tempted to take private offers away from the auction site as you won't then be covered by the online auction protection should things go wrong.

Online auctions are a great way in which to make money and find fantastic bargains! They are also great fun to take part in so keep your cool, follow the rules and you can't go far wrong!

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