www.eBay.com is an online auction and shopping website in which people and businesses buy and sell various goods and services worldwide. The online auction website was founded as AuctionWeb in 1995. The very first item sold on eBay was a broken laser pointer for $ 14.83. Omidyar, founder of ebay, contacted the winning bidder to ask if he understood that the laser pointer was broken.
In his responding email, the buyer explained: "I'm a collector of broken laser pointers." The seller sells broken laser. The buyer also looking for broken laser. They met each other on ebay and made a sale.
Nowadays, millions of dollars are spent and earned on eBay every single day. There is still room for you if you want to get involved. You can earn some part time cash or set up a whole new full time business on the side.
What products will you sell? Where do you get the stock from?
Don't worry! It is Frequently Ask Question (FAQ) from prospective eBay sellers. There is no simple answer- the list of desirable items changes with the seasons and as collecting fads come and go. The choice of what to sell is important, however, takes the time to choose items that you'll enjoy selling and handling for the long term. It also depend your hobby and talent.
If you are engineer and very good in electronics, you can make very useful circuit items and sell in eBay. There are millions of customers in eBay. If you are very good in piano, you can sell piano lesson books or piano songs in eBay.
If you are not specialized in any field and you cannot make your own product, don't worry. You can buy from a certain place and sell in eBay. Some products are very cheap in your country but very expensive in the world. Your customers are worldwide in eBay. You must know the niche market.
You need to decide what type of business you plan to run and what type of inventory you'll sell. You also need to find out how to research items- before you buy them to sell- so you'll know for how much ( or whether) you'll sell them on ebay. If you play your cards right and pick products you enjoy finding and selling, you'll have taken a big first step toward becoming a successful eBay seller.
You may be one of the millions of people who have sold items on eBay, but only a fraction of eBay sellers have made eBay selling their fulltime jobs. Only a fraction of those sellers have reached the top tier of eBay sellers. If I only tell the idea of making money on eBay, you may not know how to utilize it. One of the shortcut way to be successful is that learn successful persons. Now, Lets learn from top power seller how they succeed. You can get some idea how to become power seller on eBay.
Let's see the case study.
Case Study 1: Pam Thein, Power Seller of eBay, sell jewelry made by indigenous people in Thailand
In Thailand, there are many Karen villagers but only one village makes the silver. The Karen are the largest of several tribes that live in Thailand. Around that time, this particular village was considered "forest people" and had no regular income. They practiced logging and occasionally farmed illicit crops.
When the King of Thailand discovered what was happening, he and the queen visited the Karen to encourage them to find another way of life. The Karen began producing silver beads using melted-down coins. But they couldn't find buyers for their work, and they returned to farming and logging.
In this period, Paul Thien had married and started a family. Fortunately, He and his wife, Pam thein, got green cards and they went to United States. Pam studied computer science and become familiar with the internet. When Paul retun to Thailand in 1990s, he discovered that Karen people had trouble creating silver beads. He determined to help and save the village and Karen people.
Their family gave up their green cards and returned to Thailand. Initially, Paul Thein sold the beads in a city called Chianmai which is located three hours drive from the Karen's home. The price was very low.
They joined eBay in 1999 to help Karen hill tribe villagers achieve funding. They started by selling small handicraft items. But, now they focus on the Thai hill tribe silver that they manufacture. Now, they have customers from UK, France, and throughout Europe and Australia.
Most of their eBay customers are from US. They got not only funding but also they can exposure to potential customers because of eBay. So, they can educate more people on fair-trade hill tribe silver.
They ship the product frequently and often by their local post office and FedEx. They have to go to great lengths to find merchandise to sell but Paul Thein and Pam Thein are able to turn around a substantial number of transactions and maintain PowerSeller status.
Like many sellers, they have to overcome limitations of time and distance, and they have go through a certain amount of work to pack up shipments and get them off to the shipper. They get the job done on eBay, while holding regular day jobs by working together as a team.
They find the help from Infopia to create management tools that automate most of the task such as replying email automatically. Infopia help them to create and edit the www.shina.com. They create About Me page in eBay (http://members.ebay.com/aboutme/shianallc) and link to www.shina.com. Now they are selling their products in eBay and www.shina.com.
You can verify about this case study in following links.
http://members.ebay.com/aboutme/shianallc
www.shina.com
If you want to read more case studies about eBay millionairess, you can read from Secrets of eBay millionaires written by Greg Holden.
For case study session, If you can earn above one thousand dollar per month, you describe about your profile, how you have earned money, your website and send to 10waysmakemoneyonline@gmail.com. I will post about you in case study session and you will get the back link as well.
Here, 10 ideas to make money online are only in basic. I just give you overview idea. You read through 10 ideas first. You choose the most suitable idea for you and then you learn in advance for that idea. Go to Advance learning.
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