Perfect Guide to Success On eBay

Ebay is one of the well known eCommerce portal where you can find millions of people selling their products. It has become the synonym of online shopping. When you start a conversation with anyone about online business, eBay is the first thing that comes to their mind.

You will find many people around who will have their own eBay store. But do they really use it? Do they make any profit from that store? The answer is: No..or very few of them may be earning many bucks.

So, the question is why do people say that having an online store can make you a millionaire? eBay has many millionaires, but how sellers can become millionaires?

Here in this blog post, we will discuss the journey from a seller to millionaire. Let’s begin!

EBay: Journey towards becoming a millionaire:

Examples are what we make our life. In every walk of life, we are taught everything with the help of examples. If we get de-motivated, we are given many examples that help get us motivated.

In the same vein, here we will share few examples of eBay millionaires that will truly inspire you to become one, yourself!

Successful eBay Users:

a) In an interview conducted by well known media; two women entrepreneurs who run their eBay shop, named Express Drop, have said to cross gross sales of $1.02 million. The revenue is shared with their consignment clients. Hence, after deducting all such expenses, and talk about profit, then it is less than or equal to $1 million! Website or forum information revolving around measuring expenses is key in pinpointing how much profit has been made – showing you how to accurately control debt.

b) Another well known eBay seller, David Wirtenberg, who sells Diamonds, crossed the $4 million mark in sales on eBay, in 2004 – and crossed the $10 million mark, in 2006!

c) Chrish Rush; one of the powerful eBay sellers dealing with HiFi Sound Connection, crossed $5million sales in 2005.

So, what’s the reason behind their success? What makes them different from other eBay users?

The Secret to eBay Success:

a) Choose relatives carefully. Check out if you have relatives who are entrepreneurs. See if you really have people around you who can encourage you, motivate you, help you to achieve levels of success.

These eBay millionaires were surrounded by such people who already were entrepreneurs, and their experiences were useful to them. These relatives were useful to them whenever they needed a helping hand.

In the David Wirtenberg example, he learned many things from his father-in-law, who was into sales and marketing. And in Chris Rush’s example, he began with $10,000 loan from his grandfather to purchase inventory. On a side note, begining entrepreneurs in search of a loan, may want to clean up their credit (or debts), beforehand – http://CleanUpCreditFast.org/Tips/Free-Help can show you how.

b) Have mentors: It is not necessary that your family help you in a business venture; perhaps you might have some friends or well experienced people who can help you out, whenever you are in need.

Dan Glasure, an eBay millionaire, was mentored by his father, and with his support, Glasure started selling trains, as well as other collectibles on eBay; later after his father’s death, he had two of his customers as mentors – one was a billionaire & the other was a business professor. These two helped him to reach new financial plateus by teaching him formal business plans!

c) Work to Build Volume: The difference between a normal eBay user and a successful eBay millionaire is difference in sales volume. Millionaires have hundreds of sales in a week and thousands of sales in a month, whereas users may not even have hundreds in a month.

These millionaires hire employees and rent or purchase warehouses, while many of them make a deal with well known auction service providers – which help them in sales.

In order to increase volume, one can work with third party service providers, like Zoovy, Infopia and Marketworks.

d) Sell on Consignment: Most of the eBay millionaires sell items on eBay for others. In case you are a beginner and don’t have enough inventory, then it is a perfect to start by selling things for other people – as this can help you build positive feedback & become a Power Seller in no time!

Most of the eBay sellers believe eBay to be a great place to start your first business, no matter your age or experience level. You can invest with little capital or a small business loan – just make sure you use informational resources like www.CleanUpCreditFast.org/free/help , to avoid accumulating too much debt. Overall, just think positive and learn from successful entrepreneurs, as this will make you a more effective seller.

Yes, everyone has what it takes to become a millionaire. One only needs patience and diligence. Everyone starts at square one, thus, face many troubles in uploading the product or dealing with customers; but since this will be viewed as deterrents, by others, it will only serve to drive your ambitions a bit further – pushing you ahead, driving you pass the finish line.

More good examples are not hard to find, look online for more tips & advice from eBay marketeers. Give a start and don’t stop until you’ve reach the first milestone – after which, you can go on to acquaint yourself with strategy and become a Power-seller.

How To Buy and Sell Websites on Flippa

Everyone uses the internet in different ways to make money. Some people like to build and hold on to their sites – managing as much content as possible, from day to day. Other people like to snag a good domain name, build it up and flip it to another marketer, in as little time as possible.

What Flippa Does

There are quite a few ways to go about flipping domain names. Back in the day, the most common place to buy & sell domains, was on eBay. However, today, the market has become more specialized and people turn to dedicated services, like Flippa.

The site is setup similar to eBay, with reserve prices, auctions and ‘Buy It Now’ prices, set for any single domain being sold. Anyone can list a domain or website for sale and anyone can buy one – but remember these are binding sales, so always do your research first. Flippa, like any other market, is rife with high risk transactions. So, any investor that ended up in trouble with debt collectors, like national credit collection (because of their lack of due diligence, when buying a site) can go online to find out ways to manage their debts more efficiently.

There are three types of flips when it comes to website investing, and they are as follows:

Domain Flip – This is when you simply sell off a domain name that has grown in value. For instance, if you had purchased an iPhone related domain, before the products were launched, they would have grown in price later on.

Building to Flip – This is when you build a site up with the intention of flipping it. The largest profits are going to be found in this category.

Prebuilt Site Flip – This is when you take a site you were actively working on, and sell it off, because you’ve lost interest or would like to use the profit to start a new site.

When it comes time to selling a site, you have to think of the potential profits, in the long run. There is a careful dance going on with Flippa where, buyers try to gauge long-term profit potential and sellers try to measure that potential against what they need right now.

Selling

The goal of selling is to cash in on the time you’ve spent on a website. For example, if you were to build a website for $25 of your money, and a few hours a week of your time – then sell it for $1000 in three or four months, you just made a steady profit!

That site could have gone on to make $100 a month after that, but alternatively, you could take the $1000 in profit and build 5 new sites – outsourcing all the work. Now, you have 5 sites that can make $100 a month! You can either resell them again and grow your business or you can take that larger profit! This technique works especially well for those who are in debt & looking to provide this flipping service to someone else; they can get paid upfront or divide the profits, after the sell; if debts are far too imminent, credit repair experts can show you how to get some breathing room, in terms of getting some of your debts, like afni agency , deleted off your credit reports.

Buying Sites

On the other side, buying sites on Flippa is equally as profitable, when done right. Sites already making money are not necessarily scams. You will, however, need to do some serious research to make sure the transaction is on the up & up.

The base foundation of loyal users, customers and fans, from www.SitePoint.com , has quickly made Flippa into the massive powerhouse marketplace it is today. Since going live, Flippa has produced over $50 million in website transactions, in less than two years!

Buyers and sellers alike, both love the Flippa platform, because of the easy navigation, security and support that is offers through the site. It only takes a few minutes to list a website for sale, and has a low listing fee (which keeps sellers coming back). Buyers love the website because it offers them a sense of security when they purchase websites that are large, small or in between. And the growth of Flippa just keeps bringing in more quality website listings.

Some approach buying virtual real estate (VRE) the same way they would purchase actual real estate, and engage in ‘no money down’ deals, where everything is funded by a line of credit. It’s a great idea, when it works – but can be risky, if you don’t know what you’re doing. If this technique backfires and ruins your credit score (and kill your chances for future investing) and get you in hot water with hunter collections or some other collections agency – seek the help of credit specialists to help you improve your credit, quickly.

There are currently over 100,000 registered users on Flippa and more than 1,000 active buyers and sellers on the website, at any given moment of the day!

In 2010, Flippa experience over 150,000 bids through their site and selling nearly 20,000 websites. The estimated value of these websites were in the $21 million range.

There’s a few more notable high-level websites (and domains) that have been sold in the Flippa marketplace:

– In 2010, Retweet.com sold for a quarter of a million dollars.

– The website BlogTopSites.com sold for a little over $115k, in April of 2010.

– An old website of Mark Zuckerberg’s went for $30K, some time in October of 2010.

..Plus, there are several other websites that sold in the 6-figure range.

As of July 2011, Flippa has an Alexa ranking of 755, making it one of the most popular websites in the world!

Simplest Ways To Make Money Online

There are millions of people making money online through different programs, internet business and websites. Many people are now making their businesses online, in order to tap into the massive amounts of traffic (people who surf online). Many of the shoppers nowadays are turning to shop online, because of the convenience, comfort – its customizability. Additionally, this has created more opportunities for business, in general.

From grandparents, to housewives, to doctors, to professors, to computer technicians to working mothers – these are just a few who have turned to the opportunities of online business. And they take their place among millions who have succeeded in earning extra income online or succeeded in adding more money to their current income!

For example, many working mothers are now leaving their full-time jobs, to start a home business, in order for them to spend more quality-time with their family – especially with their children; others do it, to pay off debts & remove negative items from credit reports, like dynamic recovery solutions complaints (this is one main reason why a lot of working mothers opt to work at home)!

Working mothers also want to develop the kind of financial freedom that would allow them to live the kind of lifestyle they’ve always wanted. An online home business is a great idea for stay-at-home moms, as it can provide very flexible work hours – along with benefits of making money or supplementing income, while raising kids!

Some of the best ways to make money online include:

  • Owning an online home business
  • Completing online surveys
  • Selling on eBay and other online markets
  • Freelancing
  • Making your own website & selling products
  • Reading emails

The benefits of having your own online business are seemingly endless – if it is done the right way. It can also be very difficult, if you’re not completely dedicated. Anyone who has interest in making money online, should be very careful in considering the necessary steps for doing so.

Making money online (or staring an online business) isn’t really difficult, but the selection of the right products is the main key to success. One of the decisions that you should look into, when making money online, is choosing the best products to sell in a market. Having the wrong products can make your online business start off in the wrong direction. Therefore, in order for you to succeed online, it would be best to select products that are not saturated in market. This method will require a considerable amount of time in doing your research to find the right products.

One of the best ways for you to determine if a product has reached the level of saturation, is to look for ads of this product, as they are shown on almost many websites. Since many people are offering this products for sale, there is a huge chance that the product would not sell online, simply because the supply of that product far outweighed its demand. However, it would be a better idea to find a product that would appeal to a huge number of people, but is advertised by a (relatively) smaller number of people; in this case, having less competition in a lucrative market, will increase your chances of making money online.

Finding and researching for the right product is the biggest obstacle that people may face when starting up an online business. It’s a good idea to consider your interest and hobbies, when choosing the right products, as this will put you in a better position in answering questions about said product. Many of the online pet shops, for example, started their business, because of their passion for pets.

So, for example, if you have knowledge about finance, then you can create a product for that space; you can offer a service revolving around investing or debt management. However, see to it that your finances are in order, to create your product without the worries of running into debt collectors, like cbe group.

If you’re still unsure about which product you want or need to sell (because your hobbies can not be monetized online), then it would be a great idea to consider someone else’s interest when choosing products to sell, to make money online.

For instance, affiliate programs are one legitimate way in making money online, as they are very popular, in terms of time. One of the reasons why an affiliate program is worth joining, is because it can save you from the hassle of researching and designing your own products to sell.

Many online programs and websites provide affiliates with the resources (like a ready make website) in order to help affiliates in marketing their products. In this case, all you have to do is to make advertisements of the products, drive traffic to it and make sales.

Those are the best ways to make money online. All you have to do is to choose what suits you best, depending upon your interests, hobbies or know-how. These factors are very important to consider, as mastery of these things are conducive to online success. With proper tools & understanding the right ways of making money online – you will, without a doubt, achieve success in a relatively short period of time!