Start Making Serious eBay Money

When you are considering on how to start an eBay business that is highly profitable, the first key decision you will have to make concerns the supply of the products that you will sell. Like most people, you may get your feet wet by selling a few items gathering dust in your garage, but, that is most unlikely to sustain a full blown business. You need to develop a full blown business that is based on a continuous product supply. It is therefore essential that, after selecting a niche that you have a passion for, you look for wholesale suppliers or manufacturers who are willing to sell products to you as light bulk or alternatively drop shipping them to your customers.

The manner in which you select the products to sell when deciding how to start an eBay business successfully may be the difference between success and financial ruin. You see, some people become over excited and assume that their products of choice will sell and they then order huge quantities. This is a huge mistake as these people end up with all their capital tied to stock that cannot be sold. Your strategy must be to buy very low quantities when first starting an your business and only order huge quantities once you are certain of market demand.

This insulates your business against sudden failure and ensures that it grows only through providing a product base that the market is willing to support.

Another key decision point when deciding how to start an your business profitably concerns the total number of product lines you are willing to carry and list at any one time. The naked truth is that you are not likely to make any meaningful income when selling only a small line of products. If you look at the offline business world, you will realise that there are few businesses that survive on only one product line.

So, your first major goal when starting an eBay business is to rapidly grow your product base and increase your listings as you find quality products that sell very well. Your turnovers will grow rapidly in the process resulting in an income level few people dream of.

The final decision to consider when looking at how to start an eBay business that will make money for you is the nature of the products that you will sell. An often repeated mistake l see from most people who are starting an eBay business is to sell one short items such as ebooks and cheap software products. One short items do not build a business and are clearly a bad choice for those who want to start an eBay business that generates profits.

What you need are products that give you repeat customers, enabling you to create long term residual income. The most successful businesses are those that capitalise on the lifetime value of each customer and develop effective strategies to bond with their customers. That is exactly what you need as you start and develop a profitable eBay business.

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Top Places To Sell Beside eBay

Are you looking for the top places to find items to ultimately sell on eBay. There are an unlimited amount of places where you can find and you can turn these places, combine them, and turn them into consistent profit!

1 - Garage Sells - Garage sells are constantly selling products that you could use, mostly used items, but you never know what you can get for specific items!

2 - Craigslist.org - Most people know about this website, you can go to it, try to get a great deal on some products and sell them. There are people who even give away free products on Craigslist, so why not start today and see what you can sell for value; some people have a natural eye for value - so try to develop that!

3 - eBay itself - There are wholesalers on eBay who are trying to sell you products so that you can succeed on the ebay marketplace. You can buy stock at wholesale price and sell per item, for much more, that's how big businesses make their money and this is a great way you can make your money!

4 - Online Stores - I like to go to pricegrabber.com and see what products are the cheapest, then sell it on eBay, it's one of the best ways to start making money on eBay consistently! Online stores sometimes have absolutely stunning prices, because they know that they do not have to deal with the bills of a store and maintenance of a brick and mortar - they can just succeed immediately!

5 - SaleHoo - SaleHoo has become one of those household names with those that have been selling on eBay for quite awhile. It's a trip how not everybody uses this gigantic database and community of dropshippers, wholesalers, sellers, and liquidators. It's simply one of the easiest and fastest ways to become successful on the internet.

Why not start today? Why not try to create a humongous sum of wealth using wholesalers and dropshippers, this is what the best are doing!

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Why It Is Good To Have Back-Up Supplier

As you get more familiar selling more things online in places like eBay and Amazon you will find that you are buying more and more product. Quite often when you look back on your records you will find that around 90% of your general stock will come from the sources. But before we go any further I just want to out line the main places where you can source and buy stock.

1) The first place most people go to is a wholesaler or cash and carry. Here you can buy stock in smaller amounts and still make a profit. The profits will not always be as high as the method, but this way is safe and you are not paying out a lot of money.

2) Another area where you can go and buy stock is from liquidators. Liquidators are people who buy up bankrupt stock and offer it at a cheaper rate.

3) The third main area is from importers. This area will often mean investing large amounts of money to pay for stock, but you will get it at a cheaper rate.

4) The fourth and last area is direct from the manufacturer. Again this could mean a large investment in stock and storage.

Now all the above work very well and each level will suit each ones needs. Some people may just stick with one level while others will start off small and then move up till they are buying direct from the importers or from the manufacture. But I want to through something else into the pot.

You have found a good selling line and are buying weekly from your supplier, then one day your supplier lets you down. This can be for many reasons - their supplier let them down, a fire, they just let you down or the supplier has stop trading. Which ever one it is, is sad for the supplier but more important you have been let down big time. You have orders you cannot fill and an empty shop.

So a good way round this can be to use a few suppliers for the same item, or know where the suppliers are so that if you are let down, you can make a few phone calls and within hours or days you will be back in business. Also by using several suppliers to source your product if you get a sudden rush of orders and your normal supplier does not have enough stock, you can again use supplier number two.

Remember you are in business, and keeping tabs on suppliers and knowing where to get stock at very short notice is up to you. And it is always good to have a back-up supplier for you will get their mailings and catalogues, and one day you might see a new item that your main supplier does not carry.

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