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FIB - Scams 101
Yes....
Posted By: Jim Wilson In Response To: seeking advice on whether or not to try ebay for a home business... (Kim)
Date: Sunday, February 4, 2007, at 4:13 p.m.(pst)
Hi Kim,
Yes, indeed, eBay offers some incredible opportunities. I have been fortunate enough to have made a decent sum via this online income venue. But there are some keys to it that you should know.
1. There are lots of free resources available where you can learn the things you need to know to get started online. Just search for them and they can be located. Don't invest a dime until you do a little free reading first.
2. Dropshipping can work but you need to have a solid plan going in. You will need to know your market. Chris Malta's Worldwide Brands and his Dropship Resource Directory are about as good as it gets when it comes to dropshipping. But even this amazing resource is completely worthless if you don't go into it knowing that there will be work involved in finding just the right products to market. You MUST assure a decent profit margin or you are doomed to fail. And sometimes dropshipping just doesn't work because of the competition that lowers this margin. If you do your homework you can locate your own products and set the prices yourself.
3. The most successful eBay sellers are fluid. They allow their business to move as the market moves. I know some successful sellers who had a nice niche' setup and then completely changed directions because that market became too busy. Your business plan should include this thought process.
4. It is all in the ads. A good ad can sell literally anything. Learn as much as you can about how to write and create a good eBay ad.
5. Start with things in your own home. They will serve a couple of purposes. In the first place they will allow you to practice your advertising techniques. But in addition as you sell them you will have more money to invest into your business. Also offer to sell things for friends and family for a percentage.
In summary Kim, eBay offers something that nothing else online or off offers. You can place an ad for very little money, have literally millions of potential customers view that ad, make a sale, and make an income all with very little overhead. There is truly nothing like it online or off. (except the other online auction websites that is)
I hope this helps. Good luck!!!
Jim Wilson
AuctionHints.com
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| PLEASE READ THIS LEGAL NOTICE CAREFULLY BEFORE YOU FILE A LAWSUIT OR EVEN WASTE TIME THINKING ABOUT IT. It has been done before, but never successfully. In fact, the last dodobird who tried it ended up being ordered to pay more than $77,000 in attorney fees ($65,000+ to my attorneys and $12,000+ to my co-defendant's legal advisor).
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