How to make $300/day on Ebay

How to make $300/day

OR MORE on EBAY

It is a concept as old as time...buy products at one price and

sell them for a higher price. Repeat this process over and

over again to the desired income level. With the invention of

the Internet it has never been easier to accomplish this goal.

The Internet makes it possible to scale your customer base

beyond your geographic location. Now days, it isn’t

uncommon for someone in the UK to sell goods in the USA

even without ever possessing the products. This ebook will

show you how I’ve make thousands and thousands of dollars

on the popular website EBAY. It will show you several

methods you can use and implement within the next 24

hours to mimic my success.

Before we dive in let me remind you this is a REAL business.

Real businesses require real effort, time and energy. Anyone

who says “make thousands working 2 hours a week” is flat

out lying to you. Now, I’m not saying you have to spend

every waking moment working on your new business. I am

saying that to become successful and make substantial

profits online will require you to spend time developing the

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strategies to be successful. The first step is this ebook. I

challenge you to read through this entire ebook TWICE

BEFORE you get started. You’ll find you will discover things

you missed the first time. So let’s get started…

As already mentioned, we will be learning how to build a

business using the popular online auction website EBAY.com.

Since its inception, EBAY is responsible for more Internet

millionaires per capita than any other website in its space.

The reason? EBAY makes it easy to list an item for sale,

promote it to potential buyers, and close the transaction.

There are 2 obstacles sellers must overcome to be

successful with EBAY.

•

#1 – What to Sell

•

#2 – Where to Get Products to Sell at a Price that

Allows for Profit

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What to Sell

You don’t have to be an expert in any one field to be

successful as an EBAY seller. Instead, you just need to find

products that are in demand. This is step #1. Don’t worry so

much at first about “Where to get them.” Instead, figure out

what people want first and then figure out how to get them

what they want at a price that gives you a profit. For

example, let’s say you decide to sell shoestrings. You found

a source where you can buy them for pennies. But, you

didn’t do your homework. You list the items and after a few

days you’ve sold none. Worse, you look at the traffic count

and you’ve only had a handful of visits to your auction. So,

what’s the problem? You see, nobody wants to buy

shoestrings. They just aren’t in demand. ( warning: I have

NOT researched shoestrings so there is a chance it could be

a terrific product to sell on EBAY )

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Finding What to Sell

So, if you want to sell on EBAY but don’t know what is the

“Hot things to Sell” what should you do? Well, the first step

is ASK EBAY! EBAY has a site called Ebay Pulse (

http://pulse.ebay.com

) where they show you popular

searches, most watched items, largest stores and more.

EBAY Pulse is a daily snapshot of current trends, hot picks

and cool stuff on EBAY. The site’s homepage shows the Top

10 Popular Searches but the real treasure is near the bottom

of this page. Here you will find a link to “See more eBay

Pulse Categories”. Clicking that link will take you to a huge

list showing you items by category that people are

interested in buying on EBAY.

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Let me walk you through a REAL example.

Click the link “See more eBay Pulse Categories”

http://pulse.ebay.com/index/20081_1

Next, click the category “Home & Garden”

http://pulse.ebay.com/index/11700_1

Next click the “Tools” link to see the “Pulse Items for Tools”

http://pulse.ebay.com/Tools_W0QQsacatZ631

You should now see a page similar to the screenshot below.

Please realize that EBAY changes their URL structures from

time to time so you may need to navigate the Pulse area to

find this specific example.

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Looking through the list of popular searches shows us

several products we could go after. I personally like the

“tools” niche simply because it interests me and is usually a

year-round niche rather than something like Christmas

Lights or Halloween Costumes which are seasonal products.

Continuing with this REAL example, I’ve decided to sell Air

Compressors. Now, I don’t know anything about Air

Compressors. In fact, I don’t even own one myself.

However, that doesn’t matter to us. Instead, we are looking

for items that people want to buy as illustrated by EBAY

Pulse.

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I challenge you to become very savvy with EBAY Pulse, the

different categories, and popular searches. EBAY Pulse will

be your “secret formula for success”. This is what the Ebay

Powersellers use and so should you. Never jump in as a

seller without checking to make sure the item is a popular

one to promote. Failure to do so can result in major

frustration, time loss and financial ruin.

OK, now the fun part. We’ve figured out WHAT to

SELL….now we just need to know where to get it.

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Where to Get Products to Sell

First let me start off by saying I don’t want you to think we

are going to use some lame wholesale list or drop-shipping

guide. Those things are complete junk and most of the time

require you to pay for products BEFORE you even sell them.

No, instead we are going to SELL before we BUY! Awesome

huh?

The secret website is….drum roll please…. OVERSTOCK.com

(

http://O.co

)

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How can this be you might ask? What I’m going to show you

is how to sell the exact same thing listed on O.co for more,

the same, or less and STILL make a profit. And, I’m going to

show you a REAL example. Plus, O.co is going to do all the

hard work for us!

Let me walk you through a REAL example.

We know that we want to sell Air Compressors so we visit

O.co and enter in “Air Compressors” in the search bar. I

then review the results and I settled on a product called “All

Power America 3.5HP Peak 6-Gallon Air Compressor”. Below

you’ll see a screenshot of the product.

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You’ll notice the price is $166.99.

Next, open another tab in your browser ( or another browser

window ) and visit EBAY.com.

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On Ebay.com, we are going to try to locate the same

product. In the Ebay search bar I type in: “All Power

America 3.5”. I then look at the listing results and find the

exact same Air Compressor for sale. Below you’ll see a

screenshot of the Ebay listing.

The first thing that should jump out at you is the price. This

EBAY listing is for $35.73 MORE than what you can purchase

this same thing from Overstock.com for. Next, notice they

are offering FREE SHIPPING. O.co offers low $2.95 shipping

on ALL PRODUCTS and free shipping plus 5% back if you are

with Club O ( more on that later ).

Next, notice the seller information area. You’ll see the seller

has 4849 next to his name. This is his/her “feedback score”.

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This is how many times people have left feedback. In my

experience, customers leave feedback at a rate of

approximately 30%. That is, 70% of the time they don’t

leave positive feedback. So, a number of 4849 is a good

indicator that this seller is a professional and successful. His

transaction count ( or the amount of products he has sold )

is most likely in excess of 20,000 units. So, lets shoot

REALLY LOW and assume he profited just $10 per item

( remember in our example he stands to profit over $30 ).

His profit from $10 per item X 20,000 items is $200,000.

And, best of all, he never even had the product. All he did

was list them for sale on Ebay at an inflated rate.

If you find an item you want to sell from O.co on EBAY and

you don’t see anyone else listing one for sale, don’t

automatically discard this as a “bad product to sell”.

Remember, we did our research. EBAY Pulse TOLD US that

Air Compressors are in High Demand.

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Where to Get Products

I’ve shown you how to figure out WHAT to SELL, and WHERE

to get PRODUCTS to SELL, but I haven’t shown you YET how

to get your customers the products they buy. The next

section covers that.

But first, there is one account you’ll need in addition to an

EBAY account to be a successful seller and that is a PayPal

account. PayPal is the preferred method of payment for

millions of EBAY transactions. In addition, you can purchase

products on O.co with your paypal account. Setting up a

PayPal account is an easy process. Just visit PayPal.com and

signup. I recommend you signup for the Premier account.

You can always upgrade to a Business account if the need

arises.

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The following is a typical transaction process:

Step 1: Do your research

Step 2: List your Item

Step 3: Your Item has Sold

Step 4: Make sure the money is in your PayPal account

Step 5: Visit O.co and purchase your customer’s item

Step 6: IMPORTANT! At check out put your information in

the billing info and YOUR CUSTOMER’s information in the

shipping info. ( see below )

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Whatever you have left over in your PayPal account is your

profit!

Listings that Succeed

Providing the necessary information to sell your item is very

important and can result in low sales if done poorly. Good

for you O.co has already done all the hard work! They spend

millions on marketing with a percentage going to

copywriters so that their products sell. Use their photos and

descriptions in your listings. In fact, I even use their

reviews! Does O.co care? If they do they have never told me

to stop! Why would they? You are actually helping them sell

their products! Think of yourself as an O.co sales

representative.

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Improving your bottom line

There are a few things you can do to improve your profit

margin. First, you can join Club O Rewards

http://www.overstock.com/club-o-rewards-program

. This

program will cost you $19.95 per year but will give you free

shipping, 5% reward dollars which you can use on future

products, and extra reward dollars on select products. Using

the Air Compressor as an example, if you were a member of

the Club O Rewards program, you would get free shipping

( savings of $2.95 ) + $8.35 credit on a future purchase.

This is an additional $11.30 in your pocket! So for every 15

Air Compressors you sell, you’ll basically get 1 free Air

Compressor. ( Purchase price $166.99 | $166/$11.30 =

14.777 )

In addition, O.co has a Overstock.com Mastercard which will

give you up to 8% rewards with free shipping.

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Calculating the Price

As illustrated in the above example Ebay Listing, the seller

chose to inflate the price of the unit to what he felt was an

acceptable amount. There is another strategy that works

well and I call that the “Lowest Online Price” strategy.

Most people are used to paying shipping for online products.

Use that to your advantage. Knowing that you are getting

shipping from $0 - $2.95 per item you can price the unit

below O.co’s price and then inflate the shipping charges. For

example, O.co has this Air Compressor for $166.99. You

could price it at $165.99 and an online search could result in

showing your listing first when searched by “Lowest Price

First” on comparison sites. Then, build in the shipping cost

to a level you are comfortable with.

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Optional Software for Calculating Price

There is one additional piece of software I like to use to help

me decide what price my items should be listed at. The

software is called

Hot Item Finder

and it is $47. What it does

is shows you a history of items that have sold and what they

sold for. Without this software you could leave serious

money on the table. For example, lets say you used the Air

Compressor example and listed the price at $202.72. But,

then you do a search on Hot Item Finder and notice the

same unit recently sold for $232! You’d be leaving an extra

$30 profit on the table. But, you don’t have to purchase this

to get started if you don’t want to. Highly recommended.

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Returns

One of the most common questions I get regarding this

method is: “What if the person wants to return the item?”

This is by far the EASIEST process ever! In fact, your goods

will ship with an invoice and return instructions! All you do is

tell the buyer that you will refund the money, less any

restocking fees, once you receive word from the shipping

department that the item(s) have been returned. How will

you know they were returned? The money will be credited

back to your PayPal account. Then all you need to do in

PayPal is click the “REFUND” link next to your customer’s

transaction. But don’t worry. In all of my years of selling

stuff via EBAY I have had less than 1% return. What is more

common is people agreeing to purchase and then not

completing the PayPal transaction. If this happens, all you

do is notify EBAY and they will refund your listing and final

value fees.

Fees

When selling items on EBAY it is important to realize how

much EBAY is going to charge you to sell your items. You

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need to make sure you pick items with a profit margin that

can support the fees. For example, if you have a product

that cost you $10 and you sell it for $12 on Ebay but the

fees are $3 from Ebay then you will only receive $9 for a

$10 item therefore losing $1 per item.

EBAY has Insertion Fees and Final Value Fees. Insertion Fees

typically run .50 per listing. Final Value Fees are a

percentage of the total amount your item sold for. Final

Value Fees are confusing to compute (11.0% of the initial

$50.00, plus 6.0% of the remaining balance ($50.01–

$1,000.00) EBAY runs specials all the time for discounted

listing fees and final value fees. You can also set your listing

as an auction and get 9% final value fees. Final Value Fees

for Ebay Stores is only 7.5% which makes this much more

profitable for you.

In addition, PayPal will charge you a fee to use their service.

PayPal fees range from 1.9% to 2.9% which are standard

merchant account fees.

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Tricks and Tweeks

Get a PayPal Debit Card

https://personal.paypal.com/us/cgi-bin/?&cmd=_render-

content&content_ID=marketing_us/debit_card

One thing that has made my life much easier is I have a

PayPal Debit Card. This accesses your available balance in

PayPal and can be used online or offline wherever

MasterCard is accepted. This will save you time and money.

You’ll earn rewards and cashback plus you won’t have to

wait for money to transfer. Instead, you just visit an ATM

and withdraw your money. Standard ATM rates apply.

Don’t forget about Craigslist

This process is MUCH MORE MANUAL than what I’ve already

described but in some cases I have found items on

Craigslist, used Hot Item Finder to find out if they are worth

buying and then made up to 300X on my money….or more!

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Check out the Clearance Rack!

O.co has a clearance section:

http://www.overstock.com/Luggage-

Bags/Clearance,/clearance,/33/store.html

O.co has a Redline area:

http://www.overstock.com/red-line-deals

And, O.co has a Wholesale area:

http://www.overstock.com/search?

keywords=wholesale&SearchType=Header

Bundle and Profit Big

Sometimes you’ll find volume buying discounts from O.co on

items that just “make sense” to purchase more than one of.

For example, who would buy just 1 bar stool, or 1 pillow?

Selling bundled items makes it more profitable for you the

seller.

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Think BEYOND O.co

What other sites offer products cheap with free shipping?

Here are some of my favorite sites to use when looking for

cheap products to resell on Ebay:

http://bensbargains.net/

http://dealdump.com/

http://dealspl.us/

http://www.dealitem.com/

http://slickdeals.net/

http://gottadeal.com/

and my favorite…

http://dollardays.com/

Final “THINGS YOU SHOULD KNOW”

•

OK, so we’re ready to list our item on Ebay right? Well,

before you do, make sure you read the “FINE PRINT”

on the O.co item you intend to list. For example, they

won’t ship to Military Addresses, Puerto Rico, etc. You

need to put this information in your EBAY LISTING!

Typically I restrict purchases to only the continental

United States. It is just easier that way. The beauty is

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it doesn’t matter where YOU, the buyer, lives as long as

you have access to a computer you can ship your items

to their desired USA locations.

•

Sometimes you’ll sell an item on EBAY and it will be

“Out of Stock” on O.co. Put a disclaimer on your EBAY

item that says something like: “High Sell Out Item. We

reserve the right to refund your money should this item

sell out locally prior to fulfilling your order.”

•

Consider an EBAY STORE - EBAY Stores offer lower

listing fees and can save you BIGTIME! I recommend

you list HUNDREDS of products ( though you should

start out slow at first ). Cheap listing fees mean you

don’t have to sell every product to be successful.

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Finally, don’t let unsuccessful people tell you you can’t do

this. Negative people love to spread negativity. Don’t listen

to that nonsense. You can do whatever you set your mind

to. I don’t care if you live in New York, India, Australia,

China or Africa…this process can work for you. All you need

is access to a computer, the Internet, an Ebay Account and

a PayPal Account.

Alright! Get out there and make some money! I’d love to

hear your success stories! PM me on Digital Point ( jmbinfo )

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