One of the fastest ways to turn a profit online is through Ebay. Many people have sold online on eBay before and made a profit, and over 700,000 people all over the world make their living on Ebay! eBay is a wonderful place to get started in business and sell to literally thousands of potential customers worldwide. There isn’t the expensive rent that comes with it too.
So how do you turn eBay into a “passive” profit machine? Here are some tips to set you on your way:
#1: Get a dropshipper to automate your shipping 99.9%
A dropshipper, unlike a normal wholesaler, ships the products on your behalf to your customer. You keep the difference between the retail amount and the wholesale price. Whenever you receive an order, you email the dropshipper and they do the rest. The best thing about it is that you do not need to hold any meddlesome inventory. This is BIG plus: you save drastically on start-up costs, and don’t run the risk of getting inventory that is not sold.
#2: Build a customer list
Whenever a customer purchases something from you, invite him or her to subscribe to your list where you can offer a free email newsletter. This allows you to keep in touch with your customers and also offer relevant products in the future.
#3 Create professional auction listings
Make sure your auction listings are as professional as possible – from the pictures, to the fonts. Also, use the right keywords in your auction title and description to target the right potential buyers. Study successful auction listings and see what they have done right and try to learn from them.