PDF Ebook eBay 101: Selling on eBay For Part-time or Full-time In- come, Beginner to PowerSeller in 90 Days
Starting a business on eBay is perhaps your fastest route to the American Dream. The payoff can be high, and the barriers to entry are low. The world’s most popular online marketplace, eBay has millions of registered buyers waiting to do business with you. For less than $100 and very little risk, you can start an eBay venture with profit margins rivaling those of any business. Exactly how much money you earn depends mostly on how much effort you put into your new enterprise and how efficiently you operate it.
eBay provides a fair, level playing field for beginners and seasoned pros alike. If you’re already employed, you can begin your eBay busi-ness as a part-time venture, as I did. If your eBay profits grow bigger than your paycheck, you can quit your day job and enjoy one of the most rewarding experiences of your life: building a thriving business from scratch. Nothing is more empowering than building your own business to support yourself and your family. You don’t need a store or a ware-house or delivery trucks to sell on eBay. You don’t need an MBA or inside connections with wholesalers or drop-shippers. The only requirements are a willingness to learn and a commitment to running an honest business. No business is better suited to the one-person company than eBay. You can start small—perhaps with some of your own unwanted possessions—and you can invest your profits in new inventory and expand at your own pace. If you’d like to earn just a few hundred dollars a month to supplement your current income, you can keep the enterprise part time. If you want to take four months off during the summer, you can. If you decide to go full time, it’s certainly possible to earn more than $40,000 a year working on your own. Whether you begin as a home-based business or a sideline to an existing business, the opportunities are vast. Today is a good time to start.
I began my online selling career in 2001 by selling some of my old books on Half.com, now owned by eBay. I listed a couple dozen of my unwanted tomes and was amazed to see how quickly they sold. I couldn’t wait to find new books to list. Impulsively, I withdrew $80 from my meager savings to buy four bags of used paperbacks from a local shop. Several of the books turned out to be worthless, but one book sold immediately for $23, and within a few days, after selling just half of those books, I had doubled my $80 investment. I was hooked. I immediately hauled a carload of books home from a library sale an worked straight through the weekend listing them for sale. I quit my job two months later and never looked back. In the meantime, I’ve expanded my business to eBay and other sites, racking up $1.4 million in sales to 130,000 customers in all 50 states and 31 foreign countries. With theprofits, I’ve paid off my debts and moved from a cramped apartment to a nice house. I did it all myself, with no bosses and no employees. And it all started with that $80 I spent on that first batch of books and the impulse to see what was possible. Meanwhile, lots of people have been even more successful on eBay than I have.
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