My eBay can teach you new Business ideas for Success with Online Auctions!
eBay was formed in 1995, and became a success story of the dot-com industry and has become a multi-billion dollar business with operations localized in over thirty countries.
Whats Your eBay Online Auction Knowledge?
With a business that overcome the downturn in the dot-com industry, eBay has risen to become the leading “sales/auction” site in the world. With yearly sales in the Billions, eBay keeps climbing the online rankings and more people are learning how to make a living using it.
With sellers into the Millions, eBay’s Online Auction site can boast its results to prove how it has helped many people not only earn a second income but also retire from their jobs and sell on Online Auction sites full-time.
Back in 2004, I stumbled upon a fad that unfolded where people were buying Italian Charm bracelets and charms. You could enter any jewelry store and the
bracelets would go from $20-$60 and the pre-made charms such as letters, pics of food or activities were selling for $10-$40. I also saw how they were taking orders for personal pictures to be sent away, sized and glued on to these charms for $60-$100, and it was at least a two-week turn around time.
Back then our two children were young, I was working part-time, and my wife was on maternity leave. She asked me if she could have one of these bracelets and a charm or two for her birthday. We went to the jewelry store, and she picked out a bracelet and one gold-plated letter charm. Total cost $80. With no fight we made the purchase, and left the store. I couldn’t believe we just paid $80 for a stainless steel stretch bracelet and charm.
When we arrived home, I went right to the computer, and started my investigation on how I could satisfy my wifes need to fill this charm bracelet up without it costing me over $1000. After all there was about 15 links that could be swapped out and at $20-$40 a charm, that was a lot of money.
The search led me to eBay. I had previously opened an account, and only purchased one item off from it. While searching I found a company out of China that would sell you 50 pre-made charms with various pics and logos on them for $35.00. I figured I could buy a strand or two of different styles, let my wife pick what she wanted, then sell the rest. So I bought 4 strands, which my wife thought I was crazy, and waited for them to arrive.
Three weeks passed and they finally arrived in the mail. We opened the box and examined all the charms, and realized these were just as nice as the charms in the jewelry store. My wife picked out the charms she wanted, and I posted an ad, $5.00 a charm, on our local city website, that thousands of people subscribed to and visited daily. Well the response was overwhelming, and in no time, I had a number of responses from people who wanted to come over and see the charms. In approx. a week, I had to order more because we were selling them so fast, and not just one or two at a time, but 8 to 10 per person!
After a couple weeks, I researched how to create the personal pics on the charms as people were asking us if we could put pics of their children and pets on the charms. I was up for the challenge and in no time, I had the proper blank charms ordered, as well as the epoxy that was used to cover the pics and glue them to the charm. We decided that we would sell them for $20, and it only took two days from start to finish, not like the two weeks that he jewelry stores took.
I then decided to take the charm business online, and started selling on my eBay. It wasn’t long before we were making up to 50 charms a night based on eBay sales and local sales together. It was unbelievable how we were able to sell a 35 cent charm, that’s what the total cost for us was, and sell it for $20. And in some cases with online auctions, on eBay up to $40 US.
Now fads only last a short period of time, and so do maternity leaves. My wife went back to work full-time, I was working more hours, and the charm business started to slow down. We had also jumped into a couple other fad items and were selling those on my eBay and locally very successfully, but it was causing a strain on the family life. The kids were becoming more demanding, as they grew, and we needed to spend more time with them. So we stopped selling on eBay and decided family was more important. Within the 2.5 years we were in the “fad” business, we sold over $15,000 the first year in about 6 months, and over $35,000 the 2nd year. Not a bad business for local and eBay sales.
2015 – My eBay can teach you new Business ideas for Success with Online Auctions!
Six years have passed since we had a “successful business” on my eBay. Yes we still purchased items, but were not selling. I had done some local stuff like making posts, signs and mailboxes and my wife was tole painting them, and we did some craft shows, but it got old really fast. I missed making the money I did from eBay. In October 2013, a friend of mine asked me how I liked selling on eBay and if I would do it again. To that I quickly responded “yes I did, but it was too much work makeing something, selling it, and shipping it.” He then said “what if you could sell on eBay and not have to make anything, and better yet, did not have to have ANY inventory to sell or ship.” I of course was skeptical at first as it didn’t sound legal.
He sent me a link to a video, which you can see clicking on the image below, that when I watched it, I thought to myself, “THIS IS INGENIUS, WHY DIDN’T I THINK OF THIS BEFORE!”
I was in awe and was so excited to get started with this new opportunity. I signed up for the program, which cost me $19.95 a month, less than a lunch out here in Canada. I started the training, and before I was half way done the training I was listing again on eBay with no inventory, no up-front costs or anything to purchase and re-sell. Of course I finished the training, and implemented changes to my listings, but within three days, I had sold my first item, and the sales kept coming. More and more each and every day. Pretty soon my friends were saying, “what the heck are you selling” because the eBay app on my phone would be making a “CHA CHING” sound like a cash register, every hour.
Up until this day I am selling on my eBay, using two accounts, one for Canada and one for USA. I also sell on Amazon, the same, in Canada and USA. I make approx. $1500-$2500 a month in profit, and I am doing this part-time. That means I am creating maybe 5 listings a day at most, sometimes none, and I let eBay and Amazon do the rest.
I am telling you all this because I have the proof, that eBay can change your life. You can use it part-time, or full-time, depending on what your ambitions and life styles are like. You can start paying off those nagging bills. You can purchase that new car or truck you want. You can take that family vacation that you have wanted to go on for years but couldn’t afford. It’s all up to you.
I myself have used my profits to take the family to Universal studies and Sea World last year in Florida. I purchased a new truck and my wife a new car last June. I am starting to pay off those “buy now, pay later” bills that we built because we like to own the toys.
It’s all up to you how you want to run your life. I am just providing you the opportunity to help you run it. eBay is not going anywhere, and it’s helping a lot of people get out of that “Live to work, work to Live” rut, so they can start doinging “what they want, when they want.”
Copywrite information: 2015 Brewers Retail Outlet