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The most successful eBay sellers started out as buyers – and you should too. This will give you a sense of how everything works. It will also show you how things are from the buyer’s side of the fence. Let’s call this period of time ‘consumer research.’
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eBay, auctions
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You’ve probably heard about how much money can be made on eBay. With dreams of quick riches and easy money, you are probably ready to jump in with both feet – right now! The best thing you can do if you are serious about making money with eBay, however, is to chill out. Being successful on eBay takes as much planning and effort as operating a business in the ‘real world.’
eBay has over 100 million members. Think about that number for just a minute or two. When you get your eBay business set up, that is how big your customer base will be – instantly. 100 million people – 100 million people who are just waiting for you to get set up and running so that they can throw money at you! As in most cases, beware the law of large numbers. It is true that the reach of eBay is incredible, but at this point, the market doesn’t know that you exist. In fact, no matter how well you do on eBay, most of them will never know that you exist. 100 million is a very large number.
The most successful eBay sellers started out as buyers – and you should too. This will give you a sense of how everything works. It will also show you how things are from the buyer’s side of the fence. Let’s call this period of time ‘consumer research.’ You are literally studying how eBay works, from a customer’s point of view. You may not realize this, but this eBay buyer experience will actually make you a much better seller – right from the very start.
Really pay attention to the customer service you receive from the seller. Think about how you want to be treated as a buyer, and take notes. Take your time during this process. Interact with the sellers. Get involved in hot auctions to see what they are like. In your spare time, start making notes about the hot items that you see. These notes will come in handy later.
eBay works just like any other business. You have to determine what people want to buy before you can hope to be successful. There are very specific items that sell really well on eBay – you just have to figure out what those items are. There are many resources for finding out this information. Start with the lessons that eBay offers to their sellers. Strongly consider attending the eBay University as well. This is the next step in the process. After you have had the eBay buyer experience, it is time to learn how to be an eBay seller.
Study all of the information eBay provides for you on its site. The information is free and you will learn a great deal from it and it provides a roadmap for success. By reading through all of the resources, you will avoid making numerous mistakes that so many before you have made. This is another step towards building a successful eBay business. Once you have made it through the learning process, you should know everything you need to know to get started with a money making eBay business of your very own.