All posts tagged with "eBay"
It's an eBay Thing
As I've mentioned here before, my goal is to become financially secure while working for myself and not some company. I've also talked about streams of income and I believe that multiple streams is essential to creating wealth. As I was thinking about my streams the other day, it occurred to me that one of the ways that I've always been successful, is by selling products on eBay. Yup the website that's got everything already built into it, and the most important aspect of all ... VISITORS.
You can't beat the traffic eBay can bring you if you stock your shelves right. Which is why I'm going to concentrate for the rest of this month on getting my eBay business primed and ready for the holidays. The big shopping is right around the corner and I want to be ready for it.
Putting Things On eBay
So I decided to get the eBay thing working for me a bit. If we are going to make money, then selling is the only way I know how to generate income. You have to sell something to get money right? That "something" either needs to be a product or a service, and since I already have an eBay store setup, that seems like the perfect first place to start selling.
The first thing I needed to considered is what am I actually going to sell? With eBay, just about everything known to man is for sale on their site, so whatever it is, it needs to be unique. More importantly, it needs to be something that people will buy. So I started to think about the things that I would buy, or have purchased to see if any of those might be something up my alley.
With a little investigation, I think that there is such a product that I can produce and sell rather well on eBay.
We Are Off To A Great Start
Yestday 1/1/2010 started out better than expected. Yes, we actually had a sale the first day of the year. This is great news for a couple of reasons.
- I have validated that eBay works and people actually buy things from there.
- We made money, it's getting us closer to that six figure amount we want by the end of the year.
- Momentum is huge, and this definitely gives us something to look forward too.
So it's great to start off with such a positive begging to the new year. But we can't stop there.
More Sales - We Have Momentum
Another day, another sale! Yes it's true, I'm very excited that two days into this eBay experiment and we continue to get sales. The sales aren't huge, but they are sales, and they prove that an online marketplace like eBay is a great way to get your name out there and generate a little extra cash.
One thing that I'll be interested in tracking, is how many people actually do cross sale purchases. Meaning, if I'm selling a hat or t-shirt, how many people are going to buy something in my store that isn't totally related. Here is an example of what I mean: Say I'm selling my Star Face shirt, and in my eBay store, you also see that I'm selling custom decals for your car. Are these two markets compatible? Will the person buying the shirt also see a need for decals?
I'm very interested to see how the "view this sellers other items" actually works. I know it works on other websites, but their usually specific to a particular product line.
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