H 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?
“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”
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?
Money, time and energy have all been looked at and you know where you stand. What are you going to sell? Here is where most people go awry in their quest for a successful eBay business. Not everything sells well on eBay. Some items never sell because there are 50 other people selling the very same thing. Before you decide to list items, do market research. There are several free resources for you to use on eBay. Take advantage of all of them before listing your first item. Correct use of the marketing tools available will give you an edge that others did not bother to look at. The information you glean from this research will be what you use to create your niche in the eBay marketplace. Are you nuts about vintage jeans?
Are you a gemologist with stones to sell? Does the word techno junkie fit you? Combine your interests with what is hot in smaller markets and you will do well. Don’t try to take on the mass marketers with ratings in the thousands and an inventory that rivals Wal-Mart, you can’t do it. Instead find your niche, your little corner of eBay and sell your heart out. It is far better to sell 10 beautiful Limoges boxes or powder jars for a premium, than it is to try to beat out all of the vendors selling Limoges style or Limoges type merchandise for a buck or two. In the end, your customers will come to know and trust you. Your reputation will grow faster and so will your following. In a short amount of time, you may start to look to expand into the other Limoges items like plates. As you slowly expand and adapt your business to what is hot in Limoges or whatever category you choose, your profits and customer base will grow. Eventually you will be in a position that you can cut back on your employment and eventually make the leap into full time eBay selling.
I love those who can smile in trouble, who can gather strength from distress, and grow brave by reflection. ‘Tis the business of little minds to shrink, but they whose heart is firm, and whose conscience approves their conduct, will pursue their principles unto death.
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.
The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.