If you have ever wondered how you can earn just a bit of extra cash, you might want to consider online auctions. Everyone has heard of EBay these days and hundreds of people are earning a decent living just selling items on auctions like it.
There is no reason why you can’t be earning as well through online auctions. All you need is a product or two to get started with and you are in business! Your first auctions items can come from your own attic or garage.
Look around your house and see if there is anything that you don’t use anymore that you could get a few bucks for. A digital camera is invaluable in online auctions. In order to maximize your bids, you need to have a photo of the object you are trying to sell. People like to know what they are getting. So take at least one shot of the item in its best light and put that up with your listing.
It really pays to shop around. While EBay is the biggest and best known auctions site, it is far from the only one. Big and powerful also means expensive, as many sellers have noticed in recent months. The prices to list your item have gone up drastically since the beginning of the popular auctions site, while other websites offering the same services will still let you post for free. Check out if the websites charge you for selling and how much. That will help you make your final decision. You could also try posting auctions on several different sites and see how they turn out.
When you have reached a conclusion as to which websites are best for your purposes, you will probably have run out of items to sell from your own home. Now it is time to start looking for more sources. There are several ways to go about this.
Garage sales, yard sales and the like are good places to find great items that just need a cleaning in order to sell well on auctions sites. However, it takes time to travel from one garage sale to the next and unless you really enjoy it, the hunt is not worth it. You will spend more time traveling, buying and cleaning than you will be paid. As they say, “time is money”!
Another option is to buy wholesale. There are dropshippers all over the world who will happily give you photos that you can post on your auctions site and when you get paid, you pay the dropshipper and give them the address of the buyer so they can send the item. The big disadvantage here, although you save time, is that dropshippers sometimes run out of things and you have no control over when an item goes out. If things go wrong, it is not your fault, but you’ll end up paying!
You could also buy several items packaged together from one auction, separate them and resell on an individual basis. This is probably the best way to go if you want to have full control and earn well.
It really is possible to earn with online auctions, you just have to know what you are doing. So get started today and start learning!
James Penn is an experienced eBay seller & has assisted many eBay sellers to help them make money on eBay in 2007 and for many years to come. Discover many of his other eBay selling tips that will help explode your eBay sales & grab a selection of free eBay eBooks by signing up to his free eBay newsletter.
Article Source: http://EzineArticles.com/?expert=James_Penn
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