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Secrets of the eBay

Secrets of the eBay

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112 <strong>Secrets</strong> <strong>of</strong> <strong>the</strong> <strong>eBay</strong> Millionaires<br />

Lessons Learned in This Chapter<br />

● If you have an existing source <strong>of</strong> merchandise that you sell through<br />

a retail or wholesale brick-and-mortar store, you are perfectly<br />

situated to become an <strong>eBay</strong> PowerSeller.<br />

● One way to build volume sales on <strong>eBay</strong> is to focus on a single<br />

product line and sell many variations on that product, such as<br />

different colors or sizes <strong>of</strong> clothing.<br />

● Creating a sales template is essential to selling a large volume <strong>of</strong><br />

merchandise; it frees you from having to enter <strong>the</strong> same information<br />

every time you want to create a sale.<br />

● It can be easier to sell clothing online than through a brick-andmortar<br />

store because less time is involved.<br />

● The one-time expense <strong>of</strong> hiring a designer to make your store look<br />

pr<strong>of</strong>essional will pay <strong>of</strong>f for years to come.<br />

● If you obtain bulk supplies from a wholesaler, ask that supplier for<br />

stock photos you can use in your descriptions, to reduce your own<br />

photography load.<br />

● Expect to research different product lines constantly to cope with<br />

increased competition on <strong>eBay</strong>.<br />

● Trade shows are an excellent place to check out new sources <strong>of</strong><br />

merchandise and meet manufacturers and wholesalers.<br />

● In order to make money, you have to spend money; try to take out<br />

a loan or be open to using your credit card in order to purchase your<br />

initial stock. Then turn around <strong>the</strong> sales quickly so you can pay <strong>the</strong><br />

loan <strong>of</strong>f without incurring interest.

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