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Why are you NOT making money on eBay right now? Top 5 Reasons - MUST READ!

Discussion in 'Ebay' started by InfinityAI, Oct 23, 2012.

  1. InfinityAI

    InfinityAI Jr. VIP Jr. VIP Premium Member

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    I talk with a lot of eBay sellers on a day to day basis, and one of the top questions that I get asked is - how do I make money on eBay? You see, eBay is SOOOOOO simple - you buy low, then you sell it high, and you take whatever is the difference as profit - HOW DOES IT GET ANY EASIER THAN THAT?

    So without further ado, I'm going to give you the top 3 reasons why people don't make money on eBay.

    1. They sell high risk items
    Sure, high risk items will give you the most profit, but chances are you'll only be able to sell a couple of them before your eBay account gets banned (if you're even able to sell any at all). Selling a couple high risk items and then getting your account banned isn't a business model, and it won't make you any consistent income. So stop trying to sell that rolex, hermes bag, or whatever it is that you're pushing for like $2-5 thousand dollars, and stick to real items that work.

    2. They want fast money
    While I don't believe in "get rich overnight", I do believe it is entirely possible to "get rich" if you know what you're doing, work hard, and implement. One of the biggest mistakes that I see new sellers do when they come to eBay is that they instantly list about a million items up and then get their accounts banned shortly afterwards. Afterwards, they quit and decide that it's impossible to make money on eBay. Not only is this sabotaging your success, but it's highly de-motivational. I've see it way too many times and I don't want it to happen to you. You need to go slow and steady.

    3. They don't have any items to sell
    The first rule of eCommerce is that you need to have things to sell in order to make money. Some people overanalyze this and go into paralysis; this is bad, and it shouldn't be this hard. Do a quick search on eBay about a category that you're interested in selling in, and go ahead and see what other items the seller is selling. You see, what you're doing is essentially "reverse-engineering" their items. Then do a quick google search with like "wholesale" + item name, and more than likely you'll be able to come up with some items. Even if the item is from China, you should be able to sell it and get good returns if the quality is on par, in fact - about 80% of eBay is flooded with chinese items. No joke...why would I be kidding you? I'm not even that funny.


    I would like to conclude that making money on eBay isn't hard, in fact - it's one of the easiest ways to make money online. But (and there is a big but) - you need to know how to do it the right way. And if you know how to do that, then your income is limitless!

    Tim
    By the way, if you're interested in my webinar, I'll have a signup soon for it, still putting the course together for you guys.
     
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    Last edited: Oct 23, 2012
  2. indianagent

    indianagent Regular Member

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    I agree 100%. Thank you so much for the info, its really good!
     
  3. anatho

    anatho Elite Member

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    Exactly this is the problem, if the item is from China, chances are that the wholeseller you are buying from is selling it on eBay himself, and of course at a way lower price you can sell .... you can never sell for lower than your supplier, so how could you make any profit here?
     
  4. InfinityAI

    InfinityAI Jr. VIP Jr. VIP Premium Member

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    Most chinese suppliers will show you that their good is from Hong Kong or another location in China when it comes to item location, and american customers want it from the United States and they want it fast. Take your own pictures, write a strong ad for your product, and price it at market. It will sell, I'm confident about it.
     
  5. joseph

    joseph Registered Member

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    how do you get your listing noticed if you're not a top-rated seller?

    no one can find you in the search engines unless you list at lowest possible price ie. $.99 auction

    should you rank for specific keywords, set your auction at lowest possible price, etc.

    what do?
     
  6. webwhizz

    webwhizz Power Member

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    drop shipping on ebay is nothing but hassle, returns returns returns = charge backs, specially with electrical s
     
  7. Alfonso

    Alfonso Newbie

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    Thanks. I quickly realized that going stealth and selling high risk items is probably not the way to go. I am absolutely certain you can make money honestly and have durability as well. This is the road I will be taking.
     
  8. InfinityAI

    InfinityAI Jr. VIP Jr. VIP Premium Member

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    Go stealth and low risk - you'll make money long term, and you'll build a business.
     
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  9. OldSalt

    OldSalt Moderator Staff Member Moderator Jr. VIP Premium Member

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    Not being an Ebay seller (at least, not yet), I have the question... why the need to go stealth if you're going low risk?

    (yes, I understand the product is low risk for loss... just wondering why the need for stealth if the person wasn't already banned or from a country that was not allowed).
     
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  10. XHBTR

    XHBTR BANNED BANNED

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    Building a business based on false information to begin with - well, we could argue about that one.

    Ebay has, however, evolved into such a monstrous beast that the usual way of doing biz there is shaky at best. Building a profile will take time to become profitable. You can't start from scratch with them anymore and expect to make profit on a large scale. Selling limits will take month to be raised to a level where it becomes actually profitable to a full time seller.

    So what will happen if ebay decides to pull the rug ? Game over. Now all your personal info is on file with them and getting back on requires you to go stealth.
    Might as well go stealth right away, even if you sell "low risk" items.

    Besides, its basically the only way to circumvent the selling limits. Run a few accounts and sell to the limit on each account and you may have a chance.

    But beware, running stealth accounts is also a tricky thing and a mistake is quickly made.
    So learn and study before you go and do - like with anything else.
     
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  11. XHBTR

    XHBTR BANNED BANNED

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    Yes, a good question. Unless you cough up a load of dough for features you will rank on page number way back there. Top rated seller rank much higher and ebays boys&girls rank on the top.

    There are some small measures you can take to improve ranking but all of them require you to have lots of accounts or lots of friends with accounts that don't get tired of helping you out.
     
  12. InfinityAI

    InfinityAI Jr. VIP Jr. VIP Premium Member

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    If you haven't been on eBay before, you don't need to go stealth. There's a considerable possibility that if you've been selling on eBay for a while, you've been suspended before. Once you've been suspended on eBay, you're "technically" never allowed to open an account again. In this case, stealth would be the reasonable alternative.
     
  13. InfinityAI

    InfinityAI Jr. VIP Jr. VIP Premium Member

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    I agree with what you've said. But keep in mind that going stealth doesn't mean that you need to use completely new information. You can use variations of your name to get accounts, if that makes you feel better.
     
  14. Alfonso

    Alfonso Newbie

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    Yes variation of name is what I have done but what about the different address issue. Is it fairly easy to get around this when it is invented? It's a Canadian stealth by the way.
     
  15. InfinityAI

    InfinityAI Jr. VIP Jr. VIP Premium Member

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    Different address shouldn't usually be an issue; you can always change your item location in the actual listing menu. On the other hand, if someone is going to return something to you, just include a slip with the package. From prior experience, people message you 95% of the time before they ask for a return.
     
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  16. mrpickles

    mrpickles Registered Member

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    ebay is hard to sell even if you over come those things. You have constantly deal with impossible customers and ebay rules of dsrs lower than 1 percent. I have a hard time for item description under 1 percent. I do everything they tell me to do and still nothing. I get positive feedback and people still leave a low dsr for the item and I have no idea why. like recently I sold brand new watch . Customer says great watch , but leaves a low dsr for item as described. WTF , I struggle all the time with this .
     
  17. OldSalt

    OldSalt Moderator Staff Member Moderator Jr. VIP Premium Member

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    Yep... that's what I figured. My account has never been suspended because I've never done major sales on it... just a few here and there (rated about +90 - 100%... lol). It's the one I created in the late 90s mostly to buy products for. Still considering to use it to sell with.
     
  18. Lordstriker

    Lordstriker Regular Member

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    Point 3 does not always apply, back when I started out I would sell hundreds of items, raise the cash and then ship them into the country ASAP, and get them out to customers.
     
  19. hitit

    hitit Newbie

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    you 100% right.
    yesterday my account got suspended... no reason from ebay... they dont answer my email as well..
    ebay is cr*p.
     
  20. Bestbuyfoam

    Bestbuyfoam Jr. VIP Jr. VIP Premium Member

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    What do you all think about if you only have like 35 items to sell?

    Is there any real need to have a store with that few of items?

    Also what is the best ways to optimize your auctions listing for the maximum SEO benefits for Google search and eBay search?