They are almost right.
They are actually tons of other methods to profit using eBay, and selling is only one of it.
As oppose to selling, buying can be your first step to profit from eBay. And, it can be your starting point to have a successful online or offline business, provided proper selection and long term strategies are applied.
What to Buy?
I am a guy who doesn’t like to waste time, and I don't like to make mistakes. So, when it comes to eBay, I wanted to know exactly what to buy in the first place? Buying the wrong items/services/products/businesses can be the starting point of losing money, not making money.
It is essential to know what sells before we buy. Make sense? Seriously, can anyone make money only by buying? No way! You have to sell it at some point to make money, to make a profit. So, to make sure that whatever you buy today will make money for you in later time, make sure it sells first.
Let me share one of my experiences, I was looking to buy a portable DVD player sometimes ago, but I don't like the normal flip-over type, which I can find all over eBay. I got to know that there is a new design, a slot-in type, which retail stores are selling around $ 400 per pcs. That was too high and I know I can get it at a better price, and I started to look around at eBay for it.
I found the same product, which are selling at eBay around $300-350 (there are a few guys who are selling it that time), and this product are getting some good amount of bids. What does it tell you? this product sells! After that, I did some research using some other methods, and it tells me that it sells.
Now, I know that this product is worth buying, and I started buying it. The results? I ended up selling it at $ 300-350 per pcs, and my cost? $200 per piece. and when more people start selling and profits dropped, I stopped with this product.
What I did was with... [continues]
Cite This Essay
(2008, 08). Can I Really Make Money Buying from Ebay?. StudyMode.com. Retrieved 08, 2008, from http://www.studymode.com/essays/Can-Really-Make-Money-Buying-Ebay-161091.html
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