Going full-time on Ebay

Most people just use Ebay as a part-time thing to earn a bit more extra cash while making money from their real job. However, there are some people who don’t have a “real job” and stick to Ebay to bring in most of the money, This short guide will give you some questions that you should ask yourself before the make the transition of going from part-time to full-time.

How much do I earn from Ebay now?
This is a very important question. Work out how long you spend on ebay-related activities each week, and then calculate your earnings per week, and eventually get your pay per hour. Then ask yourself, “if I was doing full-time hours, would I earn as much as I do now?”.

Do I have a good job/do I like my job?
If you have a well-paid job and you like it too, you might want to reconsider. Full-Time Ebay isn’t for everyone, its only for the people who really know that they can succeed.

Would I make much more money?
A lot of your time when you go full-time will probably end up being waiting on auctions to finish. If you’re selling low-value items, then going full-time could actually be a good move, but if you’re selling high-value items that cost a lot more, then you may run into some problems investing in more products in the first place.

Can I survive if it all goes wrong?
If you had a bad period of time where your sales were incredibly low, would you be able to survive through it? This is the most question of them all, because it is quite common for sales to drop in some places, and if you couldn’t live through it, then you would have a very big problem of no job.

If you have a good answer to all of these questions, then maybe you could go full-time on Ebay and hopefully be successful. However, its a very big risk making this transition, so you have to be certain that you could manage through it before you head straight into it.

10 Steps to Ebay Success!

You may be using ebay to sell products or services (or wanting to). If you are wanting this, you’re obviously going to want to be successful. These ten easy steps below should explain how you can get your ebay business to be successful.

Step 1: Market Research - For a while, just go to ebay and take a look at some of the items that are selling well, and what isn’t. Before you start selling, you need to find out what people actually want on ebay, because if you don’t, you will end up selling items that nobody wants.

Step 2: Competition - Find some people who are selling in the same categories as you. Then, look through their auctions and find out any flaws they have. That way, you can beat them at their own game when you get started.

Step 3: Find a product - Look around a lot of suppliers and see if you can get the cheapest price you can for the products. Take a look on ebay for much these products cost and if they’re selling for more on ebay than you have to pay for them, then thats fine.

Step 4: Start Small - Now take things slowly, and don’t spend thousands on your idea straight away. Have tests with auctions to see what ideas work and what doesn’t, find out what works best for you.

Step 5: Repeat - Keep trying out loads of different strategies, and once you’ve found a good strategy, don’t be afraid to use it over and over again. You may have found a good niche!

Step 6: Business Plan - Yeah, some of you will just skip this step, but it can be useful. Make a business plan (of a few pages long) about your marketing opportunity, strategies, budget and strengths & weaknesses. You may just use this later on.

Step 7: Invest - Now this is the time to put some money in. Buy a lot of items to sell, spend money advertising on various places, tell people about your auctions etc… and don’t forget to set yourself selling targets each week so you can slowly see your sales increase.

Step 8: Official - A lot of people won’t do this step either. Once you’ve made a couple of thousand dollars, you may want to make your business official by registering your company. This step is quite optional, although recommended.

Step 9: Automation - You may have noticed that you’re writing the same things in the auctions over and over again, and the same replies to the auctions too. Try and find a piece of software that can do this for you, it will save you a lot of valuable time.

Step 10: Never Give Up - Even when you have a bad sales period and things aren’t looking well, never give up. If you keep on putting effort in, you’ll eventually succeed.