The straight scoop. What you expect from a fellow Warrior. Make sure you subscribe to this Warrior Forum blog to get money making tips and information.
How to Make Money With Ebay
Posted 7th January 2015 at 01:39 PM by kindsvater
There are a few ways to make money with Ebay.
1. Sell your own product. Obviously.
2. Be an Ebay affiliate. The program is called the Ebay Partner Network.
Then it gets a little less obvious. For example, my Ebay Gold Rush report covers in depth how to use a new feature in Ebay for branding and to drive traffic to your own website - all approved by Ebay.
But for this post I want to talk about arbitrage. It is the subject of my WSO Penny Product Profits.
With Ebay's auction system you can continually find incredible deals. Just the other day I saw a product sell for $500 less than its normal selling price. It was the impetus for this blog post. $500 off. All you had to do was buy it and then re-sell for quick profit.
Another tactic I use is to find bulk products for sale on Ebay. There is one in particular I bought in bulk and have been reselling items individually for 5x what I paid for them.
Easy money.
The point being even if you do not have a product to sell right now, you can make money with Ebay.
Some other marketers have mentioned using price differentials between Ebay and Amazon. You find a product for a lower price on one platform, buy it, then sell it for a higher price on the other platform. It is certainly possible, although you will probably have to search for a long time before finding a product you can do this with, where there is sufficient profit, sufficient quantities available, and of course sufficient demand.
Usually, a product meeting all those criterion is going to have a similar price in both places.
BUT YOU WON'T KNOW UNTIL YOU LOOK.
EXAMPLE:
On Amazon the breville bje200xl juicer sells for $100 shipped by Amazon, Through third party sellers there are price drops down to $69.
On Ebay the same product just sold for $32, albeit used a few times. Another sold for $28. I see sales in the $40 range. Brand new, never opened boxes are selling for $89.
There were medial reports earlier this year about Amazon no longer having the lowest prices online. These days, Amazon does not seem to compete on price at all. Instead, it tries to lock in repeat buyers using its Prime Delivery service, which now costs $100 per year. The point, though, is with prices on Amazon the highest they have ever been the opportunities for arbitrage have increased.
It is easy to open a seller's account on Amazon and list a product for sale for free.
If you bought the juicer for $28 do you think you could sell it on Amazon or elsewhere for $56 and double your money?
There are also thousands of classified ad sites and other places to sell and buy products, so don't overlook them.
Bottom line: to make money using Ebay through an arbitrage model you have numerous possibilities:
1. Buying and selling the product on Ebay.
2. Buying and selling using a different marketplace where there is a price differential.
3. Taking advantage of bulk discounts.
.
1. Sell your own product. Obviously.
2. Be an Ebay affiliate. The program is called the Ebay Partner Network.
Then it gets a little less obvious. For example, my Ebay Gold Rush report covers in depth how to use a new feature in Ebay for branding and to drive traffic to your own website - all approved by Ebay.
But for this post I want to talk about arbitrage. It is the subject of my WSO Penny Product Profits.
With Ebay's auction system you can continually find incredible deals. Just the other day I saw a product sell for $500 less than its normal selling price. It was the impetus for this blog post. $500 off. All you had to do was buy it and then re-sell for quick profit.
Another tactic I use is to find bulk products for sale on Ebay. There is one in particular I bought in bulk and have been reselling items individually for 5x what I paid for them.
Easy money.
The point being even if you do not have a product to sell right now, you can make money with Ebay.
Some other marketers have mentioned using price differentials between Ebay and Amazon. You find a product for a lower price on one platform, buy it, then sell it for a higher price on the other platform. It is certainly possible, although you will probably have to search for a long time before finding a product you can do this with, where there is sufficient profit, sufficient quantities available, and of course sufficient demand.
Usually, a product meeting all those criterion is going to have a similar price in both places.
BUT YOU WON'T KNOW UNTIL YOU LOOK.
EXAMPLE:
On Amazon the breville bje200xl juicer sells for $100 shipped by Amazon, Through third party sellers there are price drops down to $69.
On Ebay the same product just sold for $32, albeit used a few times. Another sold for $28. I see sales in the $40 range. Brand new, never opened boxes are selling for $89.
There were medial reports earlier this year about Amazon no longer having the lowest prices online. These days, Amazon does not seem to compete on price at all. Instead, it tries to lock in repeat buyers using its Prime Delivery service, which now costs $100 per year. The point, though, is with prices on Amazon the highest they have ever been the opportunities for arbitrage have increased.
It is easy to open a seller's account on Amazon and list a product for sale for free.
If you bought the juicer for $28 do you think you could sell it on Amazon or elsewhere for $56 and double your money?
There are also thousands of classified ad sites and other places to sell and buy products, so don't overlook them.
Bottom line: to make money using Ebay through an arbitrage model you have numerous possibilities:
1. Buying and selling the product on Ebay.
2. Buying and selling using a different marketplace where there is a price differential.
3. Taking advantage of bulk discounts.
.
Total Comments 0
