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There are many advantages of working from home as a day or night job on eBay. You can begin a home business with very little money invested. Additionally you can work whenever you like. If you are looking to build an online business you can do this part-time with eBay while still maintaining your current job. You can use the extra money to save, or reinvest into your business. Imagine having an extra cushion in the case of a layoff. Continue reading to learn how and why you should work with eBay.
Benefits - Work From Home
The main benefit of working from home is flexibility and being your own boss. If you do not have business experience, eBay allows you to build your business gradually. You can start out slowly by listing only a few items. You only have to list items that you have time to ship out.
Another advantage to this business model is that eBay provides market research tools for free. There are also helpful forums where users help each other.
Jumping into eBay may seem daunting, but if you follow the steps below, it should be easy.
Steps on How to Work from Home On eBay
Here are steps on how to work part-time or full-time on eBay. Follow the information given here in order to successfully sell your items and start making a profit. It is easier than you think to have a profitable eBay business.
Source your inventory. What are you going to sell? Here is where a lot people get stuck in their journey for a successful eBay business. Not everything sells well on eBay. There is plenty of competition.
Before you decide to buy inventory, perform market research. There are several free resources at your disposal on eBay. Take advantage of all of them before listing your first item. Usage of the marketing tools available will give you an advantage over others. The information you infer from this research will be what you use to choose your niche in the eBay marketplace. Are you nuts about vintage clothing? Are you a jeweler with stones to sell? Utilize your interests and knowledge with what is hot in smaller markets and you will do well. It is easier to be seen in a smaller segment than in a large market where there are hundreds of power sellers.
Buying Products from Liquidators to Work from Home On eBay
Buying products from liquidators to work from home on eBay can be a financially sound business plan. It can also lead to disaster if you do not know what you are doing. Liquidators differ from wholesalers in many ways. Knowing their terms and what to expect are crucial to making a liquidation business successful.
A liquidator usually buys returns, shelf pulls, over runs, imperfect items, store closings and overstock from retail store chains and manufacturers. Here is some detail of each type of stock.
These are the last few runs of a lot, or sometimes a small test run of an item. Usually these lots come from the manufacturer and were not in a large enough quantity to be sold through their regular retail venues. Merchandise in this category is very desirable and is usually new.
Returns and Shelf Pulls:
This is exactly what it sounds like. Customers returned items to the store. They made returns for a reason. You will find opened boxes, damaged items, incomplete parts, and worn clothing. Many things will not work. The only way to mitigate your costs is to buy in large quantities. This way you will get a good portion that is sellable.
Over Runs and Over Stocks:
These are items that were produced in large quantities and not all were sold. They are often new items.
Not perfect, so they do not always sell well. For example, a sheet or towel may be printed upside down. You can sell this stuff, but you need to disclose imperfections to your buyers.
-Bankruptcy Sales and Store Closings:
A store closes and whatever merchandise was not auctioned off or sold off at the closing or bankruptcy sales goes to the liquidators. You can expect a vast choice in the quality of merchandise.
Buying products from liquidators to work from home on eBay is a great way to add products to your inventory. Know what to expect before you buy and you will do just fine.
Other Ways to Source:
There are suppliers in the United States and abroad. I would recommend Salehoo for a list of wholesalers, manufacturers and drop shippers in the U.S. Alternately, people are looking to China to get inventory. Alibaba is a popular source.
Get started the right way. Accurately describe your item. If it is new, say that, if it is not, also state that. An accurate description will ensure that the buyer knows what they are getting. List any flaws.
Have great keywords in your title. Look for an item similar to yours in an eBay search. See what comes up. Using great keywords will get your item further up on the search listings. People can only purchase your item if they can find it. There are keyword tools that you can use. One is Google Webmaster Keyword Tool.
Use pictures. They are a must! Now that the gallery is free, there is no excuse to not use pictures. A digital camera is all you need in order to take a really great photograph. This is what will tell your buyers about your product. Get this right and your item has a much better chance of selling.
Explicitly list your shipping and handling charges. Buyers are put off when listings are obviously padding their shipping. You are expected to have the buyer pay for the actual shipping plus reasonable handling charges. Another option may be to have a buy it now option offering free shipping. This tactic really works great.
Use an online payment platform like PayPal. Many buyers will not bother with a check or money order. They want to make an online payment. PayPal is safe and you can start with a personal account and move up to a premier or business account at a later date. It is hard to work from home on eBay without an online payment solution.
Ship your items immediately after you receive payment. A delay in shipping will result in unhappy buyers. This is an important way to avoid negative feedback. List all of the shipping options and offer an expedited service as well as standard. Utilize a shipper with delivery confirmation. Suggest insurance on fragile items.
Keep good communication with your buyer. Email them to let them know payment was received. Contact them to let them know their item has shipped. Send them a follow-up email to be sure they were happy with their purchase and ask them if you can put them on your email list.
Create a list of your customer’s emails, with their permission. Let them know when a new item is for sale. Developing a list of satisfied customers is a great way to get repeat business.
Stay informed. Use the eBay Forums and community links to stay on top of what is going on in the eBay community. You will know when specials are offered to buyers and when there are events. Workshops are a great way to learn more about eBay. The more you know the better you can run your business.
Know what is hot on eBay. Visit the What's Hot page daily. Make sure you know what is selling well in your category of items. Developing a niche market is important. You cannot cover every category. Choose an area of expertise. Write an FAQ or an informative article and post it to eBay. All of these tips will help keep you profitable.
Following these steps on how to work from home on eBay will get you off to a great start. It takes hard work to build any business. Building one on eBay can be rewarding and fun.
Can I Make Money with an eBay Home Business?
For every eBay success story you read about on eBay's' website or on the internet or in a book somewhere there are a thousand failures. The reality of pulling some obscure item out of your attic or garage and finding out that it is some rare collectible worth thousands does not happen very often. Having it happen more than once is almost freakish. You want to know can I make money with an eBay home business. Yes, you can.
Do not go into this expecting to get rich overnight: you will be disappointed. Building any business takes time, money and effort. If you lack any of those ingredients, you will not make money. Before making the jump into entrepreneurship, ask yourself these questions. How much money do I have for shipping supplies, inventory, eBay fees, and unforeseen expenses? How much time do I have to devote to this business? Do I have the energy and drive to get this business off the ground or do I need to be asleep by 9pm every night? Your answers to these questions will help direct you to the right course of action.
You may only have enough time and energy to run the business part-time. This is ok; most people selling on eBay have other jobs. You have to pay the bills and it is unlikely that an eBay startup business will immediately replace your income. That can take years. Money is another issue. What was your answer? Do you have available funds or are you just scraping by paycheck to paycheck. If it is the latter, try selling unwanted items from your home that are easy to pack and ship. It is a great way to start to build a business fund.
Can I make money with an eBay home business? Yes, you can with a good business plan and proper planning. Every business has to be run using sound and proven business tactics. The same holds true for eBay. Take the time to learn how it works, take advantage of all of the free tools eBay has to offer you and you can make money with an eBay home business.