In 1995 eBay opened its site, only to become one of the most popular online auction sites years later. Today, whether you’re looking for great deals, or a way to make money online, eBay seems to be a great place to go to. Things to sell on eBay can vary from used cars and trucks, electronics, clothes, shoes, handbags, and more. Whatever you want to sell, you can sell it on eBay. The craze over the site is so popular that there are commercials, kits, blogs, news reports, and other things about it. Especially about how to make money with eBay. List your item on eBay, and then collect your profits when your item is sold. Simple and easy right?
Does It Work?
OK, you’re ready to make money online or maybe even make a million dollars, so you try the auctioning items. Your not sure how to get started so you do a bit of research and find that everyone is using wholesalers, drop shippers, or if you are starting off with small change, you can use a thrift store. Does this work? Yes, sometimes it works, but sadly not well enough. Behind all of the hype, there are two things that get left unsaid. The first thing that many don’t tell, is that sometimes Items can go unsold. The second thing that many don’t tell, is that even if you are lucky to receive bids, you may not always make much of a profit. Why? Because everyone wants to get what they want at a discount price. So therefore, you may list a brand new camera with a lot of fancy technology from one of your drop-shippers, hoping to sell it for at least $100-$150, and actually end up with it being sold for only $50 or not at all. Now that is a huge let down if you did sell it, but for less than expected. Do you think that’s it? Oh no, it gets better. Now that your item is sold, your charged for listing the item, selling it, and any additional fees that you may have added on. Think that’s the end of your bill? If you are working with a dropshipper, more than likely you will have to pay not only a membership fee, but also a fee for the product. For example: you get a laptop from a drop-shipper for only $200 that usually cost $800. After you sell the laptop, you pay your supplier the $200 and then keep any additional money made from the sale as profit. So basically in the end, you’re getting your hopes up high while dishing out more money than you are making as profit. The next time you hear about the fad of auctioning equaling you huge profits, remember this “don’t count on it”!
There are more ways to make money. You can blog, start your own store, offer services, and much more. Find something that you enjoy, and turn it into a profitable business.