As the credit crunch bites, many more people are looking at how they can make a little extra money. The truth is, it is easier than you might think. The internet offers many ways for you to make extra money. There are many money making schemes out there, many of which would probably work if only they were put into action properly. One of the easiest ways to make money is to sell on ebay. Fear of Failure Some ebay sellers have sold tens of thousands of things, and you wonder how they manage to do it. Well the first thing to realise is that they are just like you and me. They aren’t particularly more intelligent or business orientated. The only difference is that they have done it. They have bitten the bullet and got over the fear of taking a risk and selling online. Many of us are not entrepreneurs because we are scared of taking the plunge, or the risk. Not because we are about to embark upon a very risky venture, but because we are scared of failure. Its human nature, but it’s also what stops us from setting up shop and trading and making money. It sounds silly, but it’s true. I used to look for products which I could get cheaper online and sell on ebay. I could find them quite easily, but I would never take the risk and buy a few to sell on, even though I knew I would make a few quid, because I was scared of failing. Once you get over this, then there is nothing stopping you making lots of money online and on ebay! How to Sell Better There are lots of techniques to selling well on ebay. One of the most significant is trust. You can search for something on ebay and find it from two sellers, yet despite how much of a cheapskate you might be, you buy it from the more expensive guy. Why? Because this guy comes across trustworthy. You believe that what this guy is telling you about the product is true and that you will get a good service from him. If you see a listing for a toaster which simply says, “toaster – takes two slices”, it doesn’t look that appetising. It looks awful, it certainly doesn’t entice you to get out your wallet and buy it. The reason is because you simply don’t trust the listing. You don’t know whether its made by Morphy Richards or Kenwood, you don’t know if its new or used. There are too many unknowns and you feel you cant TRUST the seller. So, when you’re selling, make sure you purvey trust. You do this simply by adding copius amounts of detail. List all the features of the product including all its uses. The more the better and customers are much more likely to be interested in you listing and your product. What to Sell There are two strategies to go for when looking for what to sell. Firstly you can find niche products. Search ebay for random products which are not very popular. If no-one is selling them, then you have a niche – simple as that. Niche products can be hard to find though, so it can be easier to go the other way. Find out what is very popular. That is what sells very well on ebay. One of the best things you can sell is games consoles and accessories. These sell very well, but because of the wide variety of games and accessories there isn’t too much competition. With your detailed listings you can easily outsell the competition. A good starting point would be www.gamingwholesale.co.uk to find some suppliers. Find some wholesalers which give you a good margin and check on ebay for what they go for. As soon as you find a few products which look like winners then go for it! Do not sit back and just think of what might happen, bite the bullet and buy a few and sell a few and before long you’ll have a solid second income! Good Luck!
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