Do you want to succeed on eBay and work from home? Just follow these ten easy rules.
Step 1: research. Know your market. Research is the key to any successful online business. What is being sold and, more importantly, what is not being sold. It will identify popular sellers fairly quickly. Archive the information that will pay dividends in the future.
Step 2: competition. Of the items you are selling, what is your biggest competition? See how they set up their sales pages and how long their sales last. Are they predominantly “Buy It Now” or Auctions? All sales copy can be improved in some way. Study carefully.
Step 3: Get your products carefully. Once you find a provider that you are happy with. . . negotiate! If you’ve used the same provider for some time, don’t be afraid to ask for more preferential rates. A savvy provider will see how this could benefit both of you.
Step 4: Don’t just jump in first and start selling a lot of items. Look what is sold. Try different items and don’t be afraid to try to sell something different. You never know it might work. Think out of the box.
Step 5: Once you have found a successful “rinse and repeat” format. It is not rocket science. If something sells, keep doing it!
Step 6: Like anywhere offline (or online for that matter) have a plan. It doesn’t have to be just a detailed outline of your main strategies and areas that you are going to focus on. Reserve a sum of capital so you do not overspend on your business.
Step 7: Once you’ve started to see regular income, it can be an exciting time. Do not waste it! Re-invest in more stocks and spend more time with your business. Try to achieve a certain number of transactions each week. Aiming higher every time.
Step 8: There is a sad fact of life that we cannot avoid (legally). The tax collector! If you are doing well, put everything on an official basis. Receive legal advice and register your company.
Step 9: Instead of rewriting the same reply messages, emails, and descriptions over and over again, keep a slip file and make small adjustments to suit the occasion. Look for business software that can improve your business. The time savings and increased profits will far outweigh the cost.
Step 10: Perseverance is the name of the game. Initially, the frustrations will set in that the time taken to achieve worthwhile benefits is very slow. Keep doing everything right and you will succeed.
I hope the above tips help you on your quest to achieve independence and success online. But remember to start slowly and don’t quit your regular paid job until you are 100% confident that your business will be successful.
