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Posts Tagged ‘Make Money Online using eBay’

Make Money Online using eBay

By Mohnish On January 31, 2010 52 Comments

We all know, eBay is the best way to get rid of the stuff you don’t need and make some extra cash.  But did you know that there are people making millions using eBay? I do not guarantee that you could make millions right away from eBay, but I am just saying that it is possible to make a decent amount off eBay.

When you start on eBay, it would be better if you start selling things that you don’t need. This way you would also gain some experience  and get rid off the things you don’t need anymore. Once you have a good hand over the platform and you are confident enough, you could start off with selling some products.

A friend of mine and I had planned to start an online ‘Geek Store’ (Geekstore.in) and sell products online. However it didn’t work out due to lack of time from both ends. The plan was simple, to list products on eBay as well as on the website and then ship them to the users. We also researched the market and got a list of amazing products for unbelievable prices! I wouldn’t talk more about this start up as this is yet on hold. We might start it sometime in the future if possible. (We’re still looking for people to contribute to this project, contact me through the contact page, Mumbai only)

Making Money on eBay is so much easier than in real life. List the products and get buyers to contact you directly. For example, the hottest product in the Indian gadget market right now is a ‘Spy Pen’. The small gadget can store up to 16 GB of video recording (aprox 5 hours) in good quality. Can you guess the price? $300? No. $250? No. $150? No! The price I found out in the local market was Rs 1,000 (about $22) for a 16 GB model (without any bargain, I believe the shop keeper would come down to Rs 750 if I bargained). When I checked on eBay, the price for a 8 GB model was Rs 1500 ($33). I mean, wow! this is amazing…A 8 GB one costs $33 on eBay, how much could you sell the 16 GB one for? No lesser than $40? Now, even if you’re getting the 16 GB one for Rs 750 ($16) and selling it for $40 (Rs 1978), you are still making a profit of Rs 1228 ($24) per sale. That’s sweet.

If you can find a good way that works for you on eBay, then go for it! The harder you work at it the more money you make.