How to Earn Money Online from Ebay, Amazon.com

Earn Money Online from Ebay

You can earn money online through ebay, Amazon.com and similar sites by selling products which belongs to ‘other people’. ‘Other people’ mean your neighbors, the local shops in your area, your acquaintance, your relatives and your friends. This can be a full fledged business and you can make money online on a regular basis. 

The Business Model

People have many unwanted things - items lying in their homes, office or shops without use, which may be useful to others. It may be a camera, a mobile, a washing machine, a book, a printer, a painting, a rocking chair, a lawn mower, an electric kettle…anything. They will be pleased to get rid of them in exchange for cash. They may not know how to sell them, where to sell them, and where to get the optimum price for the products. They may not be computer savvy, or, simply they don’t have the time to do it. This gives you the opportunity to this business. You sell their products and earn a commission. 

Things you will need for this online business

For doing this online business you will need the following:

1. A product selling platform - An account with Ebay or Amazon.com, or OLX.com - (the site through which you will sell the products). 

List of some more product selling sites 

1.BigCommerce. 2. E-Junkie. 3. GoEmerchant. 4. Mercantec E-Commerce Express. 5. Miva Merchant 6. Payvment. 7. ProStores. 8. Shopify. 9. TabJuice. 10. Volusion. 11. Atomic Mall. 12. Bonanza. 13. Etsy

2. A digital camera for taking photos of the products and uploading it for showcasing on the website. You can buy any of these cameras right from here. 

Modus Operendi of this online business

The Steps

STEP 1 - 

Sign up with a site like ebay, amazon.com, olx.com etc. for selling products from their site. (Else, you can build an e-commerce site yourself and sell the products from the site. However, it is a very difficult proposition, I would say.) You may have to pay a listing fee for showcasing your products for selling, in some site. Keep in mind about this, while fixing your commissions for selling. 

STEP 2 -

Fix up a percentage of commission for selling other people’s product. The cost factors should be kept in mind, i.e., investments in buying camera, internet charges, commuting to the actual seller’s place, advertising costs, listing charges in product selling sites, delivery charges etc. Normal service charges are around 30% of the selling price. 

STEP 3 -

Make a list of potential people to whom you will approach for conducting the business. Remember, every person possess something or the other which are useless to them, but can be useful to others. Your relatives, your friends, your friend’s friend, local shopkeepers, booksellers, neighbors, office colleagues, etc. will fall into this list. Local shopkeepers will be glad to off-load their obsolete items at huge discounts. Your phonebook will help you in this matter. 

STEP 4 – 

Advertise and explain your business by all possible means. I list below some avenues through which you can advertise: 

1. Social sites like facebook, orkut, google G+, twitter, stumbleupon, linkedin, etc. 

2. Local newspaper ads in classified section. 

3. Flyers at prominent places in your locality. 

4. Free Classified Ads in the internet. List of some free classified sites

Backpage, Craigslist, eBay Classifieds (Kijiji), Facebook Marketplace, Hoobly, OLX, Oodle. 

5. Free SMS Ads through internet. 

6. Enlistment of your business in your local business directory, yellow pages. 

STEP 5 –

By now should be getting calls from people who want to sell off their unwanted products. Meet them, inspect the products, and ask them the price at which they want to sell them. You will have to persuade your customer for a realistic price. After all, the product belongs to them. At the same time, your goal is to earn money. You will have to make them understand that you may have to take the product from them to ship it to the buyers. You may have to sign a contract for doing so. 

STEP 6 -

Take a photo with your digital camera of the product which you will have to upload in the product selling site. 

STEP 7 - 

List it on the product selling site for sale. Put up the photo with detailed description, price, discounts, shipping process etc. 

STEP 8 –

As soon as it is sold, ship it to the buyer. 

STEP 9 -

Pay the person whose product is sold without any delay, after keeping your commissions. 

If you are serious about earning money from ebay, buy these books right from here, to learn more on the subject:

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