Ebay

I am dedicating a post to Ebay as it is last decade’s greatest phenomenon and you need to embrace it and include it in your arsenal . There are so many aspects to EBAY and this is the first post of many. With over 274 million world wide users - count the noughts 274,000,000 thats a lot of buyers with paypal accounts ready to be wooed.

Ebay is the gentle giant which if used properly will be instrumental to your online success.

Side note : Do not violate their policies as they will lock you down. If you are generating $10,000 a month from Ebay & they close you for 7 days that’s a lot of dough you miss out on.

Case Study : “Now say you are a high School Mum & you buy Kid’s clothes from the surplus outlets and sell to the moms at school. Now you decide to list a few items on a 7 day auction starting at .99cents. The item cost you $7.95 an you are hoping to get $12.50 per item.” You get 30 Bids and eventually sell it for $12.75″ Now do you get excited and list all the others ??

If you answered yes – that is exactly the way 99% of people think. They imagine earning $50,000 by selling porducts on Ebay Great 2nd income but for my readers this is sadly the wrong answer. You see readers of my blogs are individuals who are aspiring to greatness. There is nothing wrong with $50,000 per year – we are interested in $100,000+ of passive income from EBAY” What than is the Answer ?

Well Lets look at the case study in more detail – What is the real asset here ? Is it your eventual buyer ? No it isn’t, even though they are in the mix. Think Outside the square - Absorb this next point – The real Asset here is the targeted traffic which generated 30 bids that is a maximum of another 29 potential customers (assuming each bid was individual buyers). Now the additional people say 6 who asked questions during the course of the auction are also potentially targeted Customers. You would simply follow up with the customers and offer them some consolation on missing out , If you have the same inventory or related stock offer it at the same price the item eventually sold at. They already have shown they are interested in you niche – All you have to do is Slam Dunk the sale !!!!!!!! I really hope the light has just gone on and it is a “AHA” moment – Look around you absorb your surroundings as this is your first lesson in thinking laterally and seizing missed opportunities.