ebay

@pro_ojha (600)
India
September 6, 2011 9:51pm CST
Hallow myLot Friends I heard a lots of thing about e bay. Some people say he make a lots money throw e bay. I don,t know about e bay at all.would myLot friend help me to understand the e bay. what I have to do on ebay, hows it,s work how I earn..
4 people like this
8 responses
7 Sep 11
Buy low, sell high. Most people who make money on eBay are getting their stock from other sources of cheap stuff, either locally or online. They get "job lots", break them up and sell them. They buy up stock from local shops that close, they trawl charity and antique shops, they keep an eye on their local Freecycle... anywhere they can pick up a bargain for resale.
1 person likes this
@knicnax (2232)
• Philippines
9 Sep 11
I agree with SpikeTheLobster. They key to here is to earn money by selling stuff. What he said is really true. I've seen this in action (I've done this as well)
@tigeraunt (6326)
• Philippines
8 Sep 11
hi pro, knicnax here has very good tip. i hope you get successful with ebay if you do make transactions there. have a nice day. ann
1 person likes this
@Amanda81587 (3042)
• United States
7 Sep 11
I am not sure how to make a lot of money on eBay and I have heard from others that it is hard. I do know for sure that I buy almost everything in eBay or at least I price check it on their first to see if it is cheaper there. But I get about 95% of my stuff there.
@JenInTN (27514)
• United States
10 Sep 11
Heyya pro_ojha! It is a site that allows people all over the world to sell things to each other. I have sold a few things on there but nothing like some people have. Some people have opened what they call "Ebay Stores" where they provide a certain product or products. It's like opening a small business to the world. You can auction your products or sell them for a certain price. Some people do both. You can also choose how you would like to be paid. I use paypal and money orders. Some people take checks and cash too. Ebay offers the tools to take payments and exchange currencies too.
@JenInTN (27514)
• United States
14 Sep 11
First...you would open up a seller account with them on the site. You would want to consider how you would ship the item or if you would say it was a local pickup only. Once you are registered, you would go to the option "Sell an item." You would upload pictures and describe the item as honestly and closely as you could. Then you would decide if you wanted people to bid on it and what your starting price would be. Setting a reserve is important..that is the least amount you would take for the item. Or..you could just set a price and have the "buy it now" for your customer. Once you got payment..you send the item or have them pick it up. There is a fee based on what you get for the bike. Hope this helps!
@pro_ojha (600)
• India
14 Sep 11
Hi jen Thank,s for response on my discussion, I am not able to fully understand, how this business work. suppose i have some thing to sell like my bike. Then what I have to do?
@knicnax (2232)
• Philippines
7 Sep 11
Hi! welcome to mylot! A lot of people make money through ebay. I personally have made money there, and have bought stuff there as well. ebay is like a marketplace for online sellers. The reason why a lot of people are buying in ebay is because they have an effective way of controlling seller behavior. Since the buyer can't see the item they're buying and the item will be shipped, there might be a big chance that the buyer will be scammed, so ebay have set up precautions to protect the buyer. Anyway, what you have to do is to create an account to your local ebay. Having paypal and linking it to you ebay account is optional but highly recommended if you want to sell internationally. So here's the basic things you need to do to sell stuff 1. Have a bank account or where customers will pay you 2. decide on a courier service that you will use to ship the item to your customer 3. have an item for sale 4. take 3 pictures of the item 5. create a listing in ebay 6. post the pictures and try to describe your item as accurately as possible 7. Post the listing 8. if someone buys then talk to the buyer on where and when you will ship the item. When you're creating a listing, there 2 buy formats, 1 is auction type and 1 is buy now type. in auction type, prospective buyers will bid for your item (you will set the base price). Highest bidder wins. Buy now format is you list an item and they buy it for the amount you listed it for. TIPS here are tips for you when listing an item: 1. describe items as accurately as possible because if your buyer isn't happy with your item. It will count against you 2. have multiple bank accounts or similar so people have more options in paying you 3. put a disclaimer in your listing, indicating that the item (if applicable) might break in transit, that insurance and shipping will be covered by the buyer etc. hope this helps
@tigeraunt (6326)
• Philippines
8 Sep 11
hi knicnax, this is very detailed and i am happy to read it. i have not tried ebay but i have heard of it a lot of times. i have plans of making transactions but i didnt know how to start, though and your response is really something - very informative and helpful. thank you. ann
1 person likes this
@knicnax (2232)
• Philippines
9 Sep 11
thanks tigeraunt! I'm glad you found it helpful. I've been on ebay for years. I kept on buying stuff online cause I was too lazy to get my face off the computer, then one day I realized I should be making money out of it. Haha. I only sold 1 item in ebay though, since it's more fun to shop, but I am considering selling more there. Hope your future online business will be successful :)
@Sanitary (3968)
• Singapore
12 Sep 11
Ebay is a site for u to buy or sell stuffs. People make money in ebay because they are like running a business. They have stocks and all they need is to sell it off for cash. It's as simple as that. While the other way would be buying all the availble stocks u think is going to add value, then u sell it again at your own price since there are no competitors, selling the same stuffs. Take a tour in ebay and u will see.
@kripa_db (578)
• India
7 Sep 11
ebay is an online auction and shopping website where people buy and sell variety of goods. You can bid or buy goods directly or you can sell stuff and try and make profit. If you have a product which you want to sell you can set up and account and try and sell it online. You can set a minimum limit amount and time for your product. Many people will bid for your product and when the time to bid expires the highest bidder will get your product and hopefully you will make good money. Good luck.
@naseemkum (1803)
• India
7 Sep 11
I too dont know about how to earn money with ebay. As more discussions are here related to earning with ebay. But one thing i understood that its a matter of buying and selling. If u had money in paypal u can try buying something for 1$ and u can sell that thing for 2$ after soon. So that its $1 profit. U can transport any item to ur home . Billing will come to ur home then u have to pay.