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Making Money On eBay – Don’t Give Up!
Posted by IMer | Posted in Internet Marketing | Posted on 25-12-2009
Since eBay banned the sale of digital products in their auctions, many marketers have abandoned eBay as a source of income. Other factors to this abandoning of eBay include some policy and fee changes which were heavily opposed. However, those willing to stick with eBay are finding that it is still quite possible to make money on eBay.
For instance, while it is no longer allowed to sell digital products on eBay, smart sellers found a way around it. To get around this problem, they simply transfer one or more digital products on to a CD and DVD and mail it to customers. In addition to having gotten around the ban on digital products, sellers were able to capitalize on the fact that physical products have a greater perceived value than digital products.
To save time from having to package, label, and ship every CD or DVD you sell, the best thing to do is to use a fulfillment company. These companies will basically package your CD or DVD up with a cover that you provide, and they’ll ship it out to your customers for a flat fee. The extra cost that using a fulfillment company costs can be covered by selling each product for an extra few dollars.
Turning digital products into physical ones also allows you to include various bonuses and upsells on the discs that you ship out. Just think how much more a trust a customer will have in you when they receive their purchase and find that you have included a previously unannounced bonus with it. They will then be much more likely to follow the links through to your website or squeeze page that you have included and will likely to turn into a long term buying customer.
Another way of making money on eBay is to enter the dropshipping business. Instead of keeping stock or selling something that you own, doing dropshipping will allow you to sell products which belong to someone else, kind of like affiliate marketing. Having decided upon which of the many dropshipping companies to use, the rest of the process is easy to follow through. You simply list one of the dropshipper’s products on eBay and, when it sells, submit an order to the dropshipper for that product, providing them with the customers details as you do so.
You can virtually sell anything through a dropshipping company on eBay. From the latest high end gadgets, to fitness equipment, to cell phone accessories, you will be sure to find a number of products that the market is desperate to buy. Since you are paid a cut of each sale, selling larger items would give you a larger profit margin. However, smaller items are more in demand, so you will probably sell more of them.
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