EBAY! I don’t think there’s anybody in this cyber world who is unknown with this word. It’s a multi zone from my view. It’s a shopping arena, a selling arena and combined by these two it is a business arena. One of the biggest online business zones both as an individual and a company.
The reason today I am talking about ebay is because I think it’s a good source of income for the students, specially for the international students who are jobless. Well, I noted ‘jobless’ because it can’t be the main source of income for the students who are in search of a job. Because you can’t expect of a great amount of profit from it if you do not use a good amount of money as capital. This is the first part of Ebay marketing post. I think it will have three parts.
Seriously, Do Not Do Business On Everything!
So, what can be a moderate capital to start up your business? I would prefer anything over $1000. Because if you have anything less than $1000 to start with, you should not expect of having a profit more than $100.And sorry to say to gain that profit you will have to wait at least 9 days. So, you should gather at least $1000 before starting up.
Okay, let’s go step wise. What do you need to do first? Off course opening an account! And it’s free! You will have to fill up an online form by clicking the SIGN UP notation on ebay homepage. You’ll have to give some personal details such as your bank account details. Don’t worry about sharing those. Ebay will keep it safe. Alright, before starting this step make sure you have your Credit/Debit Card with you and the correct address you have at your bank account.
You will also be asked how you are going to pay, which is going to be the method. The safest way is Paypal. This is the safest way of online payment. But you can also use your bank account through direct debit option. After you are done with this part ebay will take some times to assure your bank details. That can be a course of 48 hours.
Alright, done with your bank account already? Okay fellow, now it’s time to choose which kind of things you are going to do business with. Please don’t say you are going to do business with all the stuffs listed on ebay because you have killer business plans! Because dude, that aint gonna work out the right way. Because that will mess up everything! Do business with the stuffs you know well. The stuffs that you do handle or you can answer about them when the customers ask. I hope you understand what I am saying.
I am saying that don’t be a stupid like me! Yah, my dear readers, if you have read my earlier posts then I am sure you know that I keep doing stupid stuffs! And yah, I did mess up with my ebay account too when I first started. I tried to buy all the cheap deals whether I know about the stuff or not and latterly I had to suffer a lot selling some of those.
I can give you an example, I bought a digital photo printer at a very cheap price to save money which I have never used before. And after I listed it, customers started asking me about different facts, how much does the cartridge cost, how long the cartridge last etc. Guess what, I couldn’t answer those firstly and so I lost customers.
So, you should choose the kind of stuffs that you know well. I have chosen laptops. So, sort out the stuffs you know the most to do business and then start off. Decided? So, now there are two steps. If you already have something to sell you should now list that. And if you don’t then you should start looking for the finest deals as an excellent ebay buyer. We will talk about that in the upcoming posts.
If You Liked This Article, You May Also Like:Fellows, follow us on Twitter or you can subscribe to our Rss Feed to get the upcoming posts! Let me know if you have any problem signing up. By this time you can think over what you are gonna sell or buy and search for things you should sell. Clean the messes! Take care guys! Have fun searching the old stuffs in the household!
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Nice to say a business arena. Yes its a great source of online shop where anybody can buy or sell from anyplace.
“So, you should choose the kind of stuffs that you know well. ”
Exactly. It’s not unknown for people be really enthusiastic about something but they’re not so great at answering very specific questions. Either learn your product inside out or move on to a product that you do know inside out, because you will be getting some very specific and, sometimes, downright pedantic questions coming your way.
And also, make sure that you can find a B2B supplier who can sell you that product at a price that’ll allow you to make a profit. There are quite a lot of variables that you need to consider.