Make Money on eBay Without Selling Your Goods

eBay: The Easiest Way To Begin Make Money Online

In 1995, to help his girlfriend buy and sell PEZ dispenser, Pierre Omidyar created eBay.com in his San Jose living room Since then, guided by the vision of former president and CEO Meg Whitman, eBay has become a true cultural phenomenon, by far the largest person to person trading community on the Internet.

Using an auction format, sellers list items and buyers bid on them. Each eBay item has its own auction; buyers can choose the price they are willing to pay by bidding on the item or they can purchase those items listed as "Buy It Now." It's the equivalent of an online garage sale, yard sale, flea market or estate auction, presented through a business model that fulfills eBay's vision of connecting people. On any given day, 113 million concurrent listings are available through acution style and fixed priced events, representing the activity of 86.3 million active members worldwide. eBay generates revenue with:

• Seller listing fees
• Charges for additional listing options and enhancements like bold type
• Customization options (color, borders and other highlight features) for auction presentations
• Sales fees, generally ranging between 1.25 and 5 percent of the closing auction price

eBay has become the largest site on the Internet for buying and selling used cars, motorcycles and auto parts. Making Money with eBay is very easy to do. To make serious money, you need to find ways to scale and automate parts of the sales and fulfillment process. Examples inlcude taking one product photo and using it over and over; finding suppliers that have the necessary inventory in stock and sell that same product over and over or cutting a deal with the manufacturer or supplier to dropship the orders on your behalf, eliminating all of the time constraints of fulfillment on your end. 

To get started making money online with eBay, you need access to a computer with an Internet connection, a registered eBay account (which is free) and a way to collect money. You can wait for a check or money order to arrive in the mail, but having an online collection method encourages customer spending.

To facilitate payments, eBay purchased PayPal in 2002, and this has become the standard payment option for eBay auctions. PayPal allows customers to register a bank account, credit card or debit card against which they can charge their purchases. Customers can also keep funds in the PayPal account. The fact that customers can pay (especially by credit card) without sharing their financial information with sellers has dramatically increased eBay's sales

eBay Fun Facts

• eBay users trade more than $2,000 in goods and services on the site every second.
• In 2006, a luxiry 405-foot yacht (sold by a company called 4Yacht) closed on eBay for $85 million. And that was just the deposit, its full cost was $168 million.
• eBay engineers have to add about 10 terabytes of new storage every week to cover new transactions.
• eBay has such high margins partly because it has no factories or inventory, and because its customers do the work

Make Money on Ebay Without Selling Your Goods

The conventional sequence for making money on eBay is to list your goods for auction and sell to a winning bidder. However you can also make money on eBay without selling your goods:

• Help other people sell their items. You can do this with one of the new drop-off franchise retail stores, (AuctionDrop, QuickDrop and iSoldit), or you could do it as an independent consultant. 
• Teach others how to buy and sell on eBay. If you like to offer others guidance, check out the eBay Education Specialist certification program available from eBay.
• Buy "photo-less" items on eBay. Photograph them and relist them for sale, with a photograph. Items with photos sell on average for 20 percent more than those without photos, allowing you to mark up the item you bought and plan to relist with a product image.
• Buy and relist auction items that have a more desirable ending time. Some items may end at 1:30 a.m. and hence sell for less than they would had they closed at 1:30 pm. Watch auction closing prices and times to see if you can discern a pattern. Buy items from auctions that end low at off-peak times and relist them to close higher at peak times. Business items, for example, sell best when the acutions end during typical business hours
• Buy lots, collections or groupings of items, Relist and resell items individually. The profit from selling items individually will usually be higher than selling the items as a lot or in a bundle

Note that sometimes people will pay more for an item on eBay than the normal "retail" price. Why is it possible? Because it's new, it's fun, it's create different experience and they don't have to leave their home to get it. Now give it a try and Good Luck !