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FIB - Scams 101 - Ye Olde Archives
Posted By: Jim Wilson In Response To: Selling on Ebay... (Becky)
Sunday, 28 November 2004, at 9:26 p.m.
The trouble is trying to find the solution.
The problem is finding a constant supply of desired products at the right price so as to allow enough of a profit margin to make it worth your while. The trouble is unless you have a big bankroll and a large enough place to store the large quantity you would probably have to purchase in order to get the best prices, you are sort of stuck. Or are you?
You still have an outlet to make some sales. And here is how....
1. Contact your friends, co-workers, and family members and tell them all that you are looking for things to sell on eBay. Tell them that you will sell their items and take a certain percentage. It is up to you what percentage you take. I know some consigners who take 40% and some who take only 10%. I am sure that others probably take more than the 40%. Just remember that in order to do this you will need to do a little homework. You will want to find things that other people want/need. And you might want to have some sort of agreement up front that they will pay you back for any ad fees for items that don't sell. These little details are things you will have to think about and determine how you want to handle it.
2. The above should give you some things to sell. Now it is time to start formulating your next move in your home business. There is great potential in offering an eBay consignment service. You could think about placing an ad in your local paper. Just remember that if you choose to go this route you will need to have formal documents so as to protect you and assure that anyone who does business with you knows your business practices up front. You will also need to think about how you will pay percentages out to those who gave you the items to sell for them.
3. Finally you could use the Thomas Registry online and seek out local manufacturers of items you wish to market. This is extremely time consuming and can be difficult to use effectively so be prepared to take some time in completing this one.
eBay offers something online that nothing else offers; the opportunity to make money online with the first ads you place. You already tasted this success and you want more. I admire that. Now whatever you do, don't give up!
Anything worth having is worth working for. Online work means just that and plenty of it. And noone who ever quite ever succeeded. Those three sentences alone summarize quite well just what frame of mind you should be in as you continue your efforts.
Good luck!
Jim Wilson
AuctionHints.com and HelpSean.com
Won't You Please Help Us To Help Sean?
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