How to Make Money Online #2: The Seven Steps to Successfully Earn Money Selling Stuffs on Ebay

Today, thousands of sellers on Ebay earn a lot of money and more and more are still joining. It's never to late for you to join! Whether you would like to earn some part time cash or you would like to make it your full time business.

But where do you get your stocks from? How do you get started? How can you be successful here? - you'll soon find out so read on!

It's easy to get started on earning money on Ebay. Here's a step by step process for you.

1. Sign up for an account in Ebay (FREE).

Yes its free, you'll use this account in selling in Ebay so put only details that are true while signing up. You might also want to signup for a Paypal account, it's here where you get you're earnings. Maybe you already know or you already have a Paypal account if you have a background in making money online.

2. Buy some Stuff on Ebay to gain feedback and a little experience (Optional).

After you've signed up you might want to be familiar and be used to Ebay and know how it works, and of course you also want to get some POSITIVE feedback, this will help you gain customers faster. If you'll take yourself in the place of the buyer, I'm sure you'd buy on the seller who have positive feedback and wouldn't likely buy on those who have negative feedback or no feedback. But this step isn't that necessary, if you don't want to try this, its okay but this step will somehow help you.

3.Auction some personal stuffs you no longer want on Ebay (Optional).

This step also isn't required to be done, but I repeat, it sure does helps a lot to be successful. Auctioning some of your unwanted stuffs at home will give you some basic selling experience and will also give you money at the same time. Learning in this process is helpful as you get used to selling on Ebay.

4.Decide what kind of business you're going to make.

You'll need to decide what kind of business you're going to set up. Of course, you can sell anything you want or wish but wouldn't it be better if you'd make a name for yourself on a specific product. Selecting a specific kind of business won't make your business smaller, in fact it could make it bigger.

5.Know what would Sell the most.

So let's say you wanna sell some toys. There are lots of toys you could sell but if you don't know which one will sell you could loose a lot of money buying the wrong stock. Searching on Ebay would help you which items consistently sell well and which ones will produce the best profit for you.

6.Decide where you would get you Stock.

So now, you know what to sell. Now you need to know where you'd get it from. Asking from other sellers won't help, no seller is going to tell you where they got their stock , that would be like giving away the keys to their business. In order to find the best sources for stock you need to do a bit of legwork. There are 2 main sources of stock - wholesalers and dropshippers. Both have their pros and cons; it just depends on which method you personally prefer.

Dropshippers hold all the stock for you, so you only actually pay for an item once you’ve received payment from the customer. You may have to pay a fee to join the scheme in the first place though. If you choose to go with one or more wholesalers you will need to have the room to buy the stock, and the money to buy it in advance. This comes with more risk since you could buy stock that doesn’t sell, but with the tactic we’ve already covered for checking completed listings before you order anything, the risk here should be kept to a minimum.

Okay, back to where we'll get our stock from. If you have a particular product in mind that you want to sell, the simple act of looking at the packaging can often reveal the name of the supplier. You can then check out their website to see what else they do.

Another method is to search for what you want on Google. This sounds deceptively simple and in fact many people don’t think of doing this. It can be a bit hit or miss, but it’s possible to find some excellent wholesalers through this method. Over time you will go from having one wholesaler to a handful of sources to get your stock from, and you can build up your product range as you start to grow.

7. Build your feedback.

To build a good feedback score, you must keep some things in mind when selling - always be good to your customers, treat them like the best, answer questions as soon as possible, make shipping time as short as possible. Those are just some I can recall, remember, "the customer is always right". The faster your score climbs, the closer you get to attaining PowerSeller status.The PowerSeller symbol is highly prized among serious eBay sellers, and there are five levels to strive for. The first is Bronze, and it’s a lot easier to reach than you might think. While you might set a goal for yourself to reach PowerSeller, you will find that if you build up your product range and gradually increase your sales, you will reach it in no time. And if you get off to a great start you might just do it in three months – the minimum time you can actually do it in.