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eBay - The Basics


I began selling on eBay in 1999 and have found it to be an enjoyable and profitable experience. I had owned a retail computer store for a few years and decided to close it. I still had a lot of computer inventory and soon discovered eBay was a good resource for selling the parts.

This turned into an ideal situation as selling this way became a home-based business and the overhead was very low. This was a plus to my income opportunity. A spare bedroom in the basement soon became my eBay selling room.

As time passed, more people began selling computer parts and the margins were getting thin. I needed to come up with a new idea that would keep my profit margins at an acceptable level. Instead of selling the computer parts, I would compile a list of my resources and then sell the list as a wholesale resource. The computer wholesale list became an overnight success on eBay. The list has cost me nothing except time, and I was able to sell the list several hundred times. I compiled the list in Excel and also in a text file. Another option was to have it burned to a CD and then mailed to the customer. I charged an extra fee for the CD, and sold quite a few that way too.

After selling the wholesale list for a few months, eBay changed the rules and would no longer allow cross-posting the same item, and also limited the number of times the same item could be listed at the same time. This change caused sales to drop, and I eventually stopped selling the list.

I still had the eBay bug, and was looking for other (http://www.auctionmanger.biz) eBay resources to sell. I started going to garage sales and looking for unique and inexpensive items. This was also another successful resource and lasted for about a year until more people started realizing this technique, and it was getting more difficult to find the bargains.

The next resource I started using was going to auctions and putting the items I purchased on eBay. So far, this has been another good resource and one that I still use. My best buys are when I can buy a quantity of an item for a very low price.

One example was several boxes of HO scale train cars, engines and accessories. There were over 300 items and I ended up paying $150. That came out to 50 cents for each item. There was a lot of work photographing and writing a description for each item. The worked paid off as each item sold anywhere from $3.00 to $12.00 each, making a very nice profit margin.

Selling on eBay is still a resource for additional income, and I am always on the lookout for the next big sale.

James Hendrix has been putting people in business on the Internet since 1996. He has experience with web hosting, development, marketing and search engine optimization.


MORE RESOURCES:

BBC News

Japanese 30-Year Bonds Decline as Dealers Prepare for Auction
Bloomberg - 1 hour ago
7 (Bloomberg) -- Japan’s 30-year government bonds fell for a second day on speculation dealers reduced holdings of debt in preparation for an auction of 1.9 ...
Japan 10-Year Bonds Fall as Stock Gains Reduce Demand for Debt Bloomberg
Japan Bond Futures Fall as Stock Gains Reduce Demand for Debt Bloomberg
Japanese 10-Year Bonds Fall a 2nd Day as Stock Gains Sap Demand Bloomberg
all 539 news articles


Treasurys down ahead of auctions
MarketWatch - 16 hours ago
The notes to be auctioned were trading with a yield about 22 basis points more than regular 10-year Treasurys, said Alex Li, interest-rate strategist at ...
Treasurys Continue to Slide Wall Street Journal
Treasurys down ahead of auctions, ISM data MarketWatch
Treasurys down as auctions loom MarketWatch
all 10 news articles


Record Gilt Sales Raise Risk of Failed Auctions, Stheeman Says
Bloomberg - 8 hours ago
7 (Bloomberg) -- Britain may overwhelm bond investors with a record number of quarterly debt sales, risking the first failed auctions since 2002 as the ...


TopNews

India May Delay 3G Auction, Raise Prices
BusinessWeek - Jan 5, 2009
India's long-awaited 3G and Wimax auctions may be delayed yet again, as the government considers doubling the floor price for prospective licensees. ...
mocoNews.net - More Possible Delays For India's 3G Auctions Washington Post
India Telecom Dept: 3G Auction On Track For Jan 30 CNNMoney.com
DoT rejects finance Ministry's proposals on 3G auction TopNews
TeleGeography - RTT News
all 105 news articles


Japan Today

The $100000 Tuna
Luxist, CA - 18 hours ago
It may not look like much but the 282-pound Japanese bluefin tuna shown above brought in more than $100000 at auction recently. Two sushi bar owners, ...
Premium Tuna Sells for $104400 in Auction Wall Street Journal
all 275 news articles


Voxy

Fonterra Milk Powder Prices Decline for Sixth Month
Bloomberg - 9 hours ago
Milk powder slumped a sixth month and is down 54 percent since the company began the monthly auctions in July. World prices of butter, milk and cheese have ...
Weak prices at Fonterra online auctions NZ Herald Dunedin Metro
all 32 news articles


TREASURIES-Longer bonds fall on auctions, issuance fears
Reuters - Jan 5, 2009
By John Parry NEW YORK, Jan 5 (Reuters) - Longer-maturity US Treasuries prices fell steeply on Monday, extending the previous session's sell-off as auctions ...
Treasurys Slide; Long Bond Drops Wall Street Journal
Big Year Coming For Bonds Forbes
US Treasurys Losing Favor As Investors Seek Profits CNBC
The Associated Press - Reuters
all 242 news articles


NY art sales to tempt buyers with attractive prices
Reuters - 11 hours ago
Art values dropped in October when the US-born economic meltdown engulfed the world and several art auctions fell far short of low pre-sale estimates, ...


Tom James apologizes for auction rate security purchases
Bizjournals.com, NC - Jan 5, 2009
Clients of Raymond James Financial Inc. have substantially reduced their holdings of auction rate securities. The firm’s clients currently own about $1 ...
Raymond James CEO says company can't buy back auction-rate securities Tampabay.com
Raymond James ARS holders on hold InvestmentNews
all 6 news articles


Auction season is upon us -- Arizona division
San Francisco Chronicle,  USA - Jan 5, 2009
This is auction frenzy time -- the big-deal auctioneers haul out their consigned collector cars and go for the biggest buck around. ...
Collector-car sales lined up Arizona Republic
all 3 news articles

Auctions - Google News

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