YOU Can Make a Fortune with eBay Internet Auctions

If your business is not using eBay and other Internet auctions, you could be missing out. Here are just a few ways of generating additional income, profits and cashflow from online auctions.

1. Convert Excess Assets to Cash

Sell personal or business items that you no longer use. For example, are there slow moving inventory items in your store? A major camera store chain sells their slow movers, quite successfully, through eBay.

2. Buy and Sell Anything

Sometimes people put things out in the garbage because they don't need them anymore and don't know anyone who could use them. You can successfully sell some of these items by Internet auction.

As well, if you pick up bargains from garage sales, flea markets, importers, wholesalers, closeout dealers or other sources, these items can also be sold through online auctions.

3. Drop Shipping

There are suppliers who will ship one item at a time for you. You don't have to stock any inventory. You simply pay your dropship supplier out of the money you receive from your auction sale. They will ship the product directly to your customer.

4. Self-Publishing

Do you have expertise in a specialized area of interest to people? Then, you could publish your own information product.

A very popular format for self-publishing information products is the electronic book (or e-book). E-book compilers, some of which are free, are readily available on the Internet. When people buy your e-book, they can download it from your website or receive it by e-mail.

You could sell such self-published information products on eBay and other Internet auction sites. Incidentally, online auctions are an inexpensive method of testing the market for your information (or other) products.

5. Reprint and Resale Rights

You may not want to produce your own information products presently. Or, perhaps, you may already have an information product, but would like to supplement your income with additional, related product offerings. This is where reprint and resale rights come in.

You can buy the rights to reprint or resell excellent information products created by other people. Some of these rights are inexpensive.

In addition to selling these products from your own website, you can use Internet auctions to create extra sales. Another advantage of online auctions is that they can create additional traffic for your website.

6. Sell Your Services

Do you design logos or websites? Do you sell consulting or other services? These, also, can be successfully sold through eBay and other auction sites.

7. Run an eBay Consignment Shop

There are still people who don't have a computer or who don't use eBay. You could sell on a consignment basis for them, taking a commission on the successful sale. You would need to charge for advertising expenses incurred, such as eBay listing and selling fees.

8. Promote Affiliate Programs through Auctions

Some affiliate programs have brandable e-books that contain your affiliate link. When people order from the e-book that they bought from your online auction, you get credit for the sale. As well, some of those purchasers may sign up as affiliates, earning you additional commissions.

Some of these e-books have valuable information that is worth the nominal value you would sell it for on eBay. In other cases, such an e-book is readily available for free. In this latter case, you might consider selling another related product and offer the e-book as a free bonus.

9. Supply Fellow Online Auctioneers

During the gold rush days, it is said that those who sold picks and shovels were more likely to make money than those panning for gold. Similarly, since there is such a big market for online auctions, you can make money supplying eBayers with information and auction tools to help them start and grow their own online auction business.

10. Internet Auction Consulting

As you gain experience and expertise in online auctions, you might consider charging for your knowledge.

Consulting services, seminars, information products and other ways of packaging your knowledge can earn you additional income streams.

These are just a few of the ways you can profit from Internet auctions.

Resource Box

J. Stephen Pope, President of Pope Consulting Inc., has been helping clients to earn maximum business profits for over twenty-five years.

For profitable Work at Home Small Business Ideas, visit http://www.yenommarketinginc.com/

For more information about eBay Internet auctions, visit http://www.yenommarketinginc.com/auctions.html

Here are some tips to help you with your Internet auction shipments.

1. Ship Small, Lightweight Products

The heavier and bulkier the product, the more it will cost to ship. Pick light items in preference to heavier items. Of course, downloadable e-books are the lightest product of all. On the other hand, if your customers want your heavy and bulky items badly enough, they should be willing to pay for the extra shipping charges.

2. Ship Nonphysical Products

Having to ship physical products means more work. You need to pack and label your products, calculate shipping charges, and arrange for the orders to be shipped. Again, electronic downloads eliminate the hassles of physical shipping. However, tangible goods seem to have a higher perceived value. That being the case, you won't want to eliminate physical products entirely as they can be real profit makers for you.

3. Drop Shipping

Another way to avoid some of the hassles of product fulfillment is drop shipping. There are suppliers who will ship one item at a time for you. You don`t have to stock any inventory. You simply pay your dropship supplier out of the money you receive from your auction sale. They will ship the product directly to your customer.

4. Recycle

If you receive bubble wrap, styrofoam peanuts, bubble bags, or appropriate cardboard boxes, you may be able to reuse them for your shipments.

5. Bulk Buying

If you do a lot of auctions, buy your packaging supplies in bulk to receive better pricing.

6. Free Shipping Supplies

Your post office or courier company may supply free shipping cartons for certain shipments.

7. Use Online Automated Tools

You can determine shipping charges from PayPal, the postal service and courier companies by visiting their websites and using the online automated shipping calculation tools. In many cases, you can even create prepaid shipping labels and then arrange for pickup or dropoff of your shipments.

8. Avoid Fragile Items

Obviously, fragile items need to be packed with more care than unbreakable items. Pick durable items in preference to delicate items to reduce damage claims.

9. Insure Valuable Shipments

If you can't afford the loss of a lost, stolen, or damaged product, be sure to insure your shipment. While you're at it, request a delivery confirmation, preferably with signature required.

10. Prepare Foreign Shipments Properly

Be sure to prepare the proper Customs Declaration for international shipments. Keep in mind that there are items you can't legally ship. Even your packing material should be considered. As an example, items shipped in a box labelled "liquor" or "munitions" might be delayed at Customs.

Resource Box

J. Stephen Pope, President of Pope Consulting Inc., has been helping clients to earn maximum business profits for over twenty-five years.

For profitable Work at Home Small Business Ideas, visit http://www.yenommarketinginc.com/

To learn more about eBay Internet auctions, visit http://www.yenommarketinginc.com/auctions.html

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