Making You Richer Online

So you’ve sold a few items on eBay from around your house. Congrats! By selling your first items on eBay, you’re ahead of 90% of people who hope to sell on eBay. You’re ahead of those people who dream about selling but never do anything to get there.

Maybe you’re starting to wonder, what should I do now? After you’ve sold the extra stuff around your house for a few bucks, where does the real money on eBay come from?

To answer the question, let’s think about what makes a business successful. What transforms one small hamburger stand into the instantly recognized McDonald’s chain? The answer is in the systems. The system is the process that has been optimized so you can repeat it all the time and so that it works every single time. In your eBay business, you want to create systems that work without you being there. Having your products automatically listed and re-listed to eBay while you sleep is just one great example.

There are great tools to help you create amazing systems. These tools free you from having to always sit in front of your computer all the time. It’s a great feeling when you wake up the next morning and discover how much more money you made in your account. It’s almost like you get paid to sleep.

Here are two more tips: Buy stuff to sell. Of course not everybody has the money to invest in a warehouse full of inventory, but start small. The key here is doing your research. What’s already selling on eBay, and how can I buy it for less than it’s currently selling for? Knowing your market is key. How do you do that? Well…

Tip 2: Keep Your Finger on the Pulse. If you want a quick, big-picture snapshot of what people are looking to buy on eBay, then go to http://pulse.ebay.com. This is a page where eBay lists the top 10 most searched for words in each category, the most watched items, and also displays the top 5 largest eBay stores. At a glance, you can easily spot current trends. For example, right now all of the top stores are selling media items, either books or music. That suggests that these categories are strong sellers.

Using the eBay Pulse will help you start identifying what buyers are looking for. If you take those same words from eBay pulse and do your own search on eBay, you can see how much competition there is. Products with low competition and high demand are great ones to pursue, and you’ve found what you can sell.

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