Don’t forget about eBay

A lot of people, for whatever reason tend to forget about eBay. eBay is actually what got me started in making an income for myself. I think one of the reasons why people tend to pass ebay off is they think it is a much more labor intensive business. Which, in part they may be right, however if you run your business like a business and not like a job it can be totally automated and you can enjoy passive income much the same you can from Internet Marketing.

What do I like about business? To me, my ebay business is much more predictable. I can look at the market, see what current trends are and predict what people will buy. You don’t have to play these mind games with people, you simply offer a product for sale, if they want it, great, if not they won’t buy. Based on the traffic, you buy what is popular. If the item is a hot item, it’s for sure going to sell. Or on the flip side, if you buy a stock lot of something at below bargain prices, you can sell it for half of the current ebay value and still make a great process.

In this economy, even more people are looking for deals on items. By the nature of the beast, ebay is filled up with buyers who want to buy for cheap. This actually turns off a lot of sellers who prefer to sell for a premium. And you know what, I don’t really blame them, you can still run a very good business catering to these people who want $1000 items for $100.

Those things along is why I will never ever give up my ebay business, it’s way to lucrative, and frankly it’s too easy to make a massive amount of income.

I do have to wonder though, why people don’t pay closer attention to ebay.

Have you ever dealt with ebay? What were some of the challenges that you faced, what were things that you did not “get” to take you to the next level?

Stay Inspired,
Tai

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16 Responses to Don’t forget about eBay

  1. AK says:

    I myself never really got my feet wet with ebay. I’ve bought items on ebay but never really tried being a seller, I guess its because I have no idea where to start really. But creating an income off of ebay definitely interests me, and Tai, you saying creating a massive income on ebay is easy just makes me more interested. I need to educate myself on how to become a seller and where to start the business.

    • TaiZejan says:

      It’s simple as long as you stay within a system. Like anything else. The main difference between ebay and internet marketing is that eBay required a little more capital upfront. Atleast $500-$1000 to get yourself going. But* Your ebay business is fairly easy to scale up once you know what you’re doing.

      • Tremaine says:

        Would $200 suffice?

        • TaiZejan says:

          If you start your eBay business with $200, you should be able to make around $50-$100 in return, depending on what you buy/sell. You can just keep rolling this over and re-investing into your business.

          Tai

          • Tremaine says:

            Thanks, I like eBay as an option. You say it best when you tell us to have different streams of income. How do I go about figuring out what products to invest in for eBay?

  2. I have never tried eBay but do know someone that makes a little money on it selling vehicle reversing cameras. I have to stay focused on building my list for the time being. My brain s not developed enough to cope with to many things. I think when before I was born (long time ago) I never acquired enough memory. So I will have to settle with the budget model up their.

    • TaiZejan says:

      Hi Bruce,
      That’s not a problem at all. Stick to what is working :) It’s just that a lot of folks forget about ebay, and the possibilities ebay brings. But I’m glad to hear that you have targetted focus on your current IM business :) Build that list brother, it will pay you back 10 fold.

      Tai

  3. AK says:

    I think eBay and Paypal fees are another reason why people shy away from this business

    • TaiZejan says:

      You need to drive that traffic somewhere. Hosting is your real estate, or your “store front” if you will. If you market yourself, you need to be able to drive that traffic somewhere, EI your domain.

      Tai

      • AK says:

        I think you meant to post that reply to jennifer on the coaching post

        • TaiZejan says:

          Yea, I think so, for some reason the comment reply’s are getting strange. I think my anti spam software is throwing something off! lol

    • TaiZejan says:

      That is a good point AK, however there are a lot of ways to buy low enough so you have decent margins. A deal well bought is half sold :) I like ebay more then internet marketing actually, to me it’s more fun, and it’s more predictable.

      Tai

      • AK says:

        eBay is definitely a lot of fun. I saw that they were having a sell for free special right now. Maybe this would be a good opportunity for me to sell my first item

  4. AK says:

    Isn’t it true that ebay is in charge of your income since they can close you any day for some stupid reason?

    • TaiZejan says:

      Hello AK,
      Not at all. People who get shut down, typically get shut down because they have violated ebay’s TOS. However, that being said.. ebay does charge a lot in fees. So what a lot of people do is use ebay to generate leads and send them to their website or add them into their auto responder.

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