IF YOU HAVEN'T READ THE FIRST LESSON CLICK ABOVE FOR EACH LESSON!!!!!
TIME TO GET BACK TO WORK!!!!
So now that you have finally made a sale you have a understanding about how everything works. See it wasn't that hard was it. Well while you were putting things on you were probably wondering how in the heck are people getting that many things online. Well if you were this lesson will definitely help you out
The first tool that you will need to download is Turbo Lister from eBay (http://pages.ebay.com/turbo_lister/)
This tool is totally free and will really speed up your listing. It is extremely easy to use and i suggest that you play around with a little bit before you start putting it to work.
So to start, create a account. This account will link to your eBay account. After you do this you can start listing and start listing fast. You can save all your setting so if you have the same priced items you can save all of that information and only have to type in the description, title, category and picture and your done. So play around with it and you will start understanding it better. I will give you more tips for the Turbo Lister in later blogs.
So if you have already sold all of your items from around the house then your probably wonder where to find more products to sell. Well i am going to give you some of my simple ideas of finding stuff to put online.
My favorite places to go to find very cheap items is to go to a thrift store. There are many well known ones like Goodwill, Salvation Army (the cheapest) and there are also going to be alot of small privately owned stores as well. I recommend Salvation Army and go on Wednesdays because everything is half off.
So what are you going to be looking for when you go? The easiest and best thing to do is clothes. You spend 100 bucks and get 50-60 items of clothes and make 300-400 bucks off of easy. Now if you don't want to spend that much it is fine. Spend as much as you feel fit.
The brand of clothes are very important. I would go with the American Eagle, Abercrombie and those types of clothes. They are the most sought after clothes on eBay and you can get these at a thrift store for about 2 to 3 bucks a pop. Always check your clothes before you buy them for rips, holes, missing buttons, and stains
That's the downside of buying thrift, not all he clothes are in perfect condition.
Next after you have looked around for clothes they always just have things sitting around that are brand new. This is where you have to think outside the box. You never know what you can find in these thrift store that will sale for 200% more online. You just have to put in some work. Remember selling on eBay is a job. Think of it like a job and you will make money. If you think of it as a easy money source then you won't make that much.
So your back home now and your ready to get your treasures on the eBay. Well hear is a valuable tip to follow. Because i know the prices of the clothes that you bought at this place i can tell you what you should price them at. I know that these seem low but you will sale them fast and make more money. If you price them to high you will risk not selling them at all. So just follow this guideline or clothes that your buy at Salvation Army. If you bought them at another thrift shop use the same guidelines. My guidelines below go off of t-shirts being $0.50 Button Downs $2.00 and jeans being $4.00. So if you bought them at another place for more then you can just mark them up according. If you have any questions you can message me directly for questions
PRICING GUIDE
T-shirts - $2.99 - $4.99 and $5.99 S&H
Button Down - $4.99 - 6.99 and $5.99 S&H
Jeans - 7.99 - 9.99 and 7.99 S&H
Use that to price your clothes and i will explain why. T-shirts you will always send out first class mail . They will cost about 2-3 bucks to send. So now you can calculate your profit. $0.50 for shirt and approx. 2.50 to send. That makes 3 bucks. Well your making approx 6 bucks IF only ONE person bids on them. So time that by how many t-shirts you have and you have your potential profit. See how that can add up quickly. You can use that same math to figure out your other categories. You can try other pricing guides but this has worked for me. My biggest tip is to not over price the items. Of course you have a really nice abercrombie shirt that cost 30 bucks in there store. But people don't get on eBay to buy at the store price. There looking for a deal so price it low get rid of it and make your profit.
So you didn't buy just clothes. Lets say you found a brand new coffee maker in the store for 7 bucks. Well this is where some research will have to go into place. You will need to go to eBay and sign in. Type in the exact name of the coffee maker to see if there selling and what there selling at. So once you have done all of this scroll down and press completed. You may also want to click the new only tab to and find the new ones selling. So you see that its selling for about 25 bucks. (this is all made up in my head so don't take it for fact) Well then i would price it for about 14.99 and 19.99 and about 8.99 shipping and handling. Why not price it at 25 bucks? Because if you price it just a little bit lower then the chances of it selling doubles. So you make sure you make money out of it.
There are many tools out there to simplify this process. I would suggest in buying a smart phone. Not just any smart phone but one that will scan bar codes. This will tremendously help you find good products. If you already have one with these capabilities then you need to go to your app store and download 3 or 4 scanners. They all will help in some way. My favorite is the Amazon Scanner.
I like this scanner because amazon has the biggest inventory of products online. All of these products have description and photos that you can use for your eBay listings. So that coffee maker you could have scanned into your phone. When you got home add that product to your wish list via the scanner and you have all the information you need about that product. This saves time trying to find it on the box or searching for it.
So now that you know all of this, get out there and find your items and get them online. Yeah if your looking at this and saying it seems like work. Well it is. Just because your working from home doesn't mean that your not working. So get at there and look hard. Put in the time if your doing it full time put in 40 hours a week if its part time put in 15 -20. If you do this you will make money
If you do have any questions feel free to ask. I have a website open now that will have more information on it and is newly up and running. Sign up for my members area and don't forget to look at my newsletter for further tips.
http://www.the-dowdy-report.webs.com/
So thanks for reading this and please visit my page, its more advanced than the blog here and you can ready my blogs there as well.
Happy selling!
Brett
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