| With over 150 million registered users in the US alone | | | | are not. Thus sourcing from such companies keeps |
| and nearly 100 million overseas,eBay is fast becoming | | | | your costs high. The other problem is with many |
| THE number one place to be for anyone intending | | | | middlemen posing as dropshippers and pricing goods |
| not only to buy and sell some used goods from their | | | | quite high and even charging per item dropshipped. |
| basement, but to do serious profitable business. | | | | So where the do the eBay millionaires get their goods |
| Ebay processes about $1000 of sales every second | | | | from? Well, one well kept secret is this eBay certified |
| but with listing fees, final value fees and numerous | | | | database of dropshippers and wholesalers(hush, hush |
| other ebay charges here and there, how does one | | | | see below) Here you're guaranteed to locate a |
| make profit? There are hundreds of people making | | | | bona-fide supplier / wholesaler or dropshipper for |
| losses on eBay and still thousands more just breaking | | | | almost any goods you're interested in |
| even after the cost of item and all other charges | | | | #2. Organization |
| have been taken into consideration. But is that the | | | | To be an eBay millionaire, it's important to be very |
| aim of most sellers? | | | | well organized. In fact, I can't over-emphasize this |
| If you don't want to be an "eBay average Joe", then | | | | enough. Whatever can be automated - for instance |
| it's necessay to learn the secrets of the Power | | | | leaving postive feedback - should be automated so |
| Platinum Sellers - in other words the eBay millionaires. | | | | you can concentrate on growing the business. |
| So how do they do it? I'll let you in on two of the | | | | Where most people go wrong is when they buy all |
| secrets here: | | | | sorts of third-party software to do this too early on |
| #1. Sourcing cheap products | | | | in the game. Unless you're making over 500K plus, |
| This is the number one factor influencing whether | | | | eBay itself can cater for all your needs as they |
| you'll make profit or not. Most people go on ebay to | | | | provide numerous cheap or even free software and |
| buy cheaply at best half or less the prevalent retailing | | | | services to cover most sellers needs. If you start |
| price of the item in question. As such if the goods | | | | buying to many software early on, your costs will |
| you sell are anything close to the retailing price then | | | | simply mount. |
| you are likely to make a loss. | | | | It's best to refrain, however tempting it is and see |
| The problem associated with sourcing cheaply is | | | | your business grow before further investing in |
| twofold: for those wanting to buy in bulk, there are | | | | software. |
| many people purporting to be wholesalers when they | | | | |