Prosper Newsletter: August 2006 > Ecommerce
You understand that the following information is educational in nature and is not intended to be legal, accounting, or tax advice. You are responsible for your own financial decisions and should consult your own legal, accounting, and tax advisors before making your financial decisions.
EBay Sellers Profit more than 1500% on Clearance items!!!
As e-bay customers for the last few years, we have often thought that we should start selling too. But, not really knowing where or how to go about it, we just never seemed to get around to trying. Then, our personal mentor encouraged us to start listing just a few items a week, and he told us how to find out what would sell and how to determine opening bid amounts.
We listed five items the first week, and we sold them all! Considering these were just items lying around the house, we accomplished two things. We started clearing out some of our unwanted clutter, and we made money.
That first week's success hooked us. Since then, we've listed at least 5 items a week, and some weeks we listed as many as twenty-five. The clutter around our house has continued to decline, and our earnings have added up.
We have sold more than 50 items in the past 2 ½ months, and we've learned so much from the experience, that we're experiencing greater success each week. We now know which days are the best days to list on and other little tricks that make our auctions more likely to get multiple bids and higher selling prices. Most of the items we sell are items we already own but no longer want; items we might have just thrown away if we hadn't learned to sell on e-bay. But, we've also become much more aware of the selling potential of 'bargains' that we come across whenever we're shopping.
We recently purchased an item at a live auction for $2.00 that we were able to list on e-bay and sell for $18.50. We made an incredible 825% profit! But, that was not our best success. We also found items in a clearance room of one of our favorite stores that we were able to sell on e-bay for more than 1500% profit.
We have had some of our purchases fail to sell on e-bay, but rather than give up on these items entirely, we recently found an open-air market where it is free for vendors to set up. So, we'll be packing our surplus items up and selling them on Saturdays.
E-bay is just the beginning of our success story. We've also built a web site and started our own e-commerce business under the guidance of our mentor. The sales for our website are just starting to roll in, but with a $200 sale from a single customer within the past week, we have total faith that we're heading in the right direction; toward success and financial freedom!
-Howard & Heidi G.
Lewistown, PA
Attain a minimum of 10 inbound links* from top websites on the net with a page rank of 4 or higher.
To do this you need to install the toolbar from Google. To get the tool bar click on this link http://toolbar.google.com This toolbar will let you know the page rank of any given site on the net. Page rank of 0 being the worst, and page rank of 10 being the best. (Page rank can be defined as: "an algorithm used by the major search engine Google to determine how relevant a page is to the user. The algorithm is based on inbound links, content and the quality of sites linking to the page from elsewhere on the Internet."
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