Is Making Money On eBay Dead?
November 26th, 2009
The banning of the sale of digital products on eBay has led to many online marketers abandoning the use of eBay as one of their revenue streams. Other factors to this abandoning of eBay include some policy and fee changes which were heavily opposed. However, those willing to stick with eBay are finding that it is still quite possible to make money on eBay.
For instance, while it is no longer allowed to sell digital products on eBay, smart sellers found a way 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.
Taking this approach need not be a lot of hassle either, as you can use a fulfillment company to package, label and ship every CD and DVD that you sell. These companies will basically package your CD or DVD up with a cover that you provide, and they’ll ship it out to your customers 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. Adding unannounced bonuses will create value and make your customer happy. You could try sending them to a website where they could buy additional products from you. Better yet, you could send them to a squeeze page where, upon completing an opt-in form, they would enter your email list.
Another way of making money on eBay is to enter the dropshipping business. It works like affiliate marketing in that rather than selling products that you physically stock, you instead sell products that belong to someone else. It can be tricky to find a reliable dropshipping company, but once you do, the selling process is easy. All you need to do is create a listing on eBay for one of the dropshipper’s products and wait for it to sell. Once it does, you’ll need to submit the order to the dropshipper.
Using the dropshipping method of making money on eBay, you can sell virtually anything. 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. No matter what you choose to sell, make sure you do the necessary research in order to find a reliable company to work with.
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