EBay is the Mecca of all auction sites; it’s a place where you can buy rare collectibles or just sell old stuff lying around the house. Almost everything you can imagine is on the site; the range of products being sold is just incredible. EBay has also become a platform to hundreds of thousands of entrepreneurs since starting back in 1995, allowing the average person to start their own business (Hof, 2003). It all began as a trading hub for beanie babies by Pierre Omidyar in his living room and has now impacted our economy more than most people realize (Hof, 2003).
EBay has done a great job in making it simple for the average person to set up a listing. They already have categories in place for each item and selling templates as well. First you want to research though and make sure what you have will sell. Then, take pictures, come up with a description and decide a starting price. Also decide whether you want to make it a buy it now listing or set it as an auction style. After you post you need to check it regularly and make sure to answer any questions sent buy potential buyers promptly.
The first thing that I ever sold eBay was a Charizard Pokémon card back in 2002 for 20 dollars, and, I was so happy about it. Ever since the moment of my exciting first business transaction, I’ve been constantly selling and buying on eBay. My most successful run was when the Nintendo Wii came out: demand was very high and the quantity was very scarce so to me this meant profit! I snatched up everyone that I came upon and put it on eBay. Not really knowing what to expect I bought 14 at $260.00 a piece and started each listing at .99 cents. Throughout the seven-day listings I eagerly checked each page to watch slowly as the p
rice went up. It wasn’t until the last day when they skyrocketed because everyone went into a last minute bidding frenzy, which indeed made me very happy. I ended up selling each for around $460, so in total I made around $2,800 in profit just on the side and didn’t really have to do much work. To this day I still buy and resell things on eBay and can’t get enough of it!
rice went up. It wasn’t until the last day when they skyrocketed because everyone went into a last minute bidding frenzy, which indeed made me very happy. I ended up selling each for around $460, so in total I made around $2,800 in profit just on the side and didn’t really have to do much work. To this day I still buy and resell things on eBay and can’t get enough of it! Hof, R. (2003). The eBay economy. BusinessWeek, (3846), 124-128. Retrieved October 28, 2010, from the Academic Search Complete Database.
Williamson, S. (2009). Selling on eBay [Cartoon]. Retrieved from
No comments:
Post a Comment