Statistics show that eBay auctions generate around $86 million everyday, coming from its 2 million users that visit the website in a span of 24 short hours. These eBay users either buy products from online stores because they can't find these items in local stores, or sell items that they do not need anymore.
Of these 2 million eBay users, 430,00 of them do not own real shops. Instead, they run their part time or full time eBay business right from the comfort of their own home. What's more, there are even people who actually sell huge deals on eBay, like computers, cars, and even real estate. You, too, can be this person. You can setup your own eBay business from home, and you can start by selling various items that you don't need anymore.
Success in an eBay business starts with a few basic things that you must first learn about. First of all, the products that you are going to sell should be something of interest to you and your target market. Also, you need to consider where you are going to get your supplies, and that is through finding a legitimate wholesale supplier. You also need to know how to setup your own eBay store. These three things are the basic stuff that you need to know to maximize your business profits.
Contrary to what most people believe, you don't have to have a very large capital in order to start your eBay store. You also don't need to have lots of storage space in your home. Now that there are already dropshipping companies, you don't really have to find a spot in your house where you can store your stocks. For example, you have set up an auction in your eBay store. When the auction ends and you already have your winning bidder, you can just ask the wholesaler to ship the item directly to the winning bidder. That is how dropshipping works. You save both time and effort, since the only thing that you need to think about is how to promote your store. All the other stuff is the responsibility of your dropshipper.
You must know however that not all dropshippers can be trusted. Just like any other business venture, you have to be cautious in dealing with other people in the business. Beware of unreliable dropshippers, because not only will your profits suffer, you reputation as a seller might receive a blow as well. Remember, dropshippers are not supposed to middlemen, and anyone who claims otherwise is a scam. Don't be fooled by companies saying that dropshippers should share your profits. True, they have fees, but those fees are just small ones. Examples of good wholesale directories that you can try are Salehoo and The Ultimate eBay Dropship Power Park.
Article Source:Ezinearticles.com
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