Ebay Homebiz In Five Easy Steps!

Posted by Nick Niesen on November 1st, 2010

You're probably reading this because you know you can make money from eBay. Well, what you know is correct and what this article will teach you will help you even more. Read on to know how to set-up your eBay business in five easy steps.

Your unique Idea!

The first step in starting up your eBay business is to have a unique item that you can sell, though that maybe very hard to do. Among the millions of listings on eBay, there is no product or idea that you can think of, that is not yet listed. This maybe 95% correct, but it always worth a try. Your unique idea should be one you are passionate about. This could be a hobby, an industry or a service that you are very interested in.

Know your Competition First!

After researching your competition, search through the eBay listings for similar items. Again, 95% of the time, items on your list are already being sold. Don?t you worry about that. That?s the beauty of free trade ? everyone can sell the same item, and the consumer has the option to choose, whichever one he or she will take. It is ideal for you focus on the item that is closest to your heart, and has the least listings on eBay. This will give you a better chance of competing in the market.

Make Your Listing Visual!

To make your listing more appealing to your visitors, take a digital picture of your item and include it in the ad. Don't matter how good and detailed your listings are, it is best to have a picture of the item, which will say everything, nothing more, or nothing less. Try to research on the highest hitting listings, and see why their visual representation is appealing to their surfer.

The Right Price!

The power of the dollar is always at work in eBay. Because you allow interested parties to bid on your product, every dollar counts. Some recommend starting your price at $1, which if you were in the shoes of the buyer, sounds very appealing. But you must make sure that you are selling an item that will eventually be bidded to the price that you like, say $500, even if it start from a dollar.

Online Payment!

PayPal is eBay?s partner in it?s payment system. And to be successful in you eBay business, you must be a member of PayPal as well. It is easy to set-up, in fact, you can do it simultaneously with your eBay membership and security is highly rated. Fees are also very reasonable.