How the Pros Use Ebay to Make Money Online

Online Business, Promotion and Marketing

There is the common phenomenon whereby popular methods become unpopular. I believe this is what has happened lately regarding making extra money by selling items on ebay. For years, millions of people either supplemented their income or replaced their jobs entirely using the online auction giant. Just because ebay has enacted new fee regulations does not mean that this model does not work. I want to tell you that ebay is still a great platform to make money online and there is still a lot of money to be made with online auctions. Once you have learned the ropes you can still profit mightily with ebay.

I have a couple of goals in mind for this article. I hope you will realize that an ebay business can really work for you financially. Most importantly, however, I want to show you how you can find the best things to sell on ebay because having the best merchandise still makes all the difference in the profitability of your ebay business. So, now that I’ve got your attention let’s take a look at what to sell on ebay to make money in order to be a massive success.

Realize that although you can scour the house for items to sell on ebay, this is not a long term solution to your product sourcing needs. Let me point out that that indeed is a good way to start. You will, however, quickly reach the point you are in need of an injection of fresh inventory in order to continue your ebay business. To make this a reality you will definitely need a method for procuring items to sell and you are going to need this method to be repeatable. The secret lies in that most basic of business principles: find goods you can sell for more than you paid for them. Despite appearances, with a little hard work this isn’t too much of an obstacle to overcome. The only difference between a hobbyist and a power seller is that the power seller can repeat their profitable transactions over and over again to continue to bring in the cash.

The first method that I use to find products is to scour garage sales. At a garage sale, or yard sale, you can score dozens (or more) of items that can demand a premium on ebay auctions. I use garagesalehunter.com to search through posted yard sales for a particular area. Of course craigslist and the local edition of your newspaper are great sources also. The key is to visit a yard sale early, around 7:30 AM and buy up some prime items, then if there is a good volume of sellable stuff, revisit the garage sale around 11:30 just before the operator is about to shut it down and offer to buy everything left for a couple of hundred bucks. Usually you will end up with a trunk load of resellable items.

2. Method two involves buying the contents of abandoned storage units. It is a pretty common occurence that a person who has rented a storage space will pass away and more without and forget or simply abandon their storage unit. When this happens the storage company will auction off the contents of the unit sight-unseen. You will have no idea what you are purchasing but you can get these items quite inexpensively. You wouldn’t be surprised how often you can get a thousand dollars worth of auctionable goods for less than $100.

3. The third method to procure great items to sell on ebay is to simply patronize the ebay website itself. If you run a search on ebay for “wholesale” you will see literally thousands of auctions for wholesale lots. This is a great business model because it is so self-contained. You do everything on ebay. You do a little extra work (selling the items individually) to cash out a major profit. It is a very profitable method to get products to sell on ebay.

With a little determination, the three methodologies outlined above can source your auctions indefinitely. Eventually you are probably going to want to start to do business with a wholesaler yourself and there is a lot of about where to buy wholesale online that anybody can find if they just put a little time in. However, there is no reason to wait. This is the internet; you can start right now.

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