You Can Still Make Good Money On eBay
November 23rd, 2009 amaSince eBay banned the sale of digital products in their auctions, many marketers have abandoned eBay as a source of income. Other factors to this abandoning of eBay include some policy and fee changes which were heavily opposed. Still, flexible marketers are finding that, by adapting their approach, eBay still represents opportunities for making money online.
Smart sellers found that while the direct sale of digital products was no longer possible, there is a way to work around it. What they did was to put one or more digital products on a CD or DVD and physically ship it out to customers. In addition to having gotten around the ban on digital products, sellers were able to capitalize on the fact that physical products have a greater perceived value than digital products.
To save time from having to package, label, and ship every CD or DVD you sell, the best thing to do is to use a fulfillment company. Basically, you provide them with a stock of raw materials and the customers details, as they come in at a later date, and they take care of the rest for a flat fee. The extra cost that using a fulfillment company costs can be covered by selling each product for an extra few dollars.
Turning digital products into physical ones also allows you to include various bonuses and upsells on the discs that you ship out. Just think how much more a trust a customer will have in you when they receive their purchase and find that you have included a previously unannounced bonus with it. They will then be much more likely to follow the links through to your website or squeeze page that you have included and will likely to turn into a long term buying customer.
An alternative approach to making money on eBay is through dropshipping. Instead of keeping stock or selling something that you own, doing dropshipping will allow you to sell products which belong to someone else, kind of like affiliate marketing. Having decided upon which of the many dropshipping companies to use, the rest of the process is easy to follow through. You simply list one of the dropshipper’s products on eBay and, when it sells, submit an order to the dropshipper for that product, providing them with the customers details as you do so.
You can virtually sell anything through a dropshipping company on eBay. You’ll find companies that sell small items like cell phone accessories, all the way up to large items such as pool tables. Since you are paid a cut of each sale, selling larger items would give you a larger profit margin. However, smaller items are more in demand, so you will probably sell more of them.
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