Here’s the tip:
“Be sure to develop multiple product sources, and therefore multiple streams of income on eBay. You never know when one supplier will run out of merchandise and it’s always best to have several options that you can tap into in your eBay business”
I remember once (early in my eBay business) when I was relying on one supplier for all of my products.
I was doing great and selling about $8,000 a month of this one product, when all of a sudden my supplier told me they had run out of inventory and they wouldn’t have new inventory until three weeks later.
Well, this affected my eBay business pretty dramatically back then because my cash flow suddenly stopped, and I couldn’t replenish or continue to ramp up my eBay sales.
It was then that I learned (the hard way) that I should maintain multiple product suppliers, and therefore multiple streams of income on eBay.
It’s what I recommend you do, by digging into my new video training (“How To eBay Your Way To Fast Cash”) and finding multiple product sources that excite you and that you can make money with.
Not only will you not have any unexpected surprises, but you will build a more solid and stable eBay business as a result!
Think about it, a top Olympic sports star, trains for many hours each day to be the best and to earn the gold medal. Typically, they train on fundamentals – the basics – and perfect their moves over a long period of time. Just like a sculptor hammering away at a stone to create a work of art, the top athlete hones their skills with perfect practice over time.
I believe we are created to live an extraordinary life, but have been trained to be ordinary. The path of least resistance is the ordinary path. The path of focused effort toward a worthy goal, is the extraordinary path.
So I’d like to encourage you to take the extraordinary path today and pick up a book that can help hone your thinking…
I’m going to list just a few here so that you can choose the one that “fits you” right now.
For basic “wealth thinking”: “Think And Grow Rich” by Napoleon Hill
For understanding how the mind works and how you can get to peak performance: “Unlimited Power” by Anthony Robbins
For learning about the truly wealthy in America and the mindset behind how they got there: “The Millionaire Next Door” by Thomas Stanley and William Danko.
I believe that successful people think differently than unsuccessful people. And one of the best ways to learn how to think differently is to read about success or to read successful people’s books.
It will re-orient and re-contextualize your mind to thinking successful thoughts.
It’s worked for me, and I know it will work for you too!
The same study said that use of classified ad sites has increased faster than almost every other online activity, including online banking, travel booking, and shopping on ecommerce sites like Amazon.com.
Since craigslist gets about 93% of all traffic to classified ad sites (with about 46.5 million visitors, according to ComScore)
Some more interesting statistics in this study are that classified ad sites are generally used by a younger demographic, typically between ages 18 and 49, with most users being college graduates with an annual income above $50,000.
Many reporters covering this study have stated that craigslist appears to be enjoying a level of popularity that eBay did during its growth years; and I would tend to agree. (I often call craigslist®: “eBay’s little brother”!)
So here’s my latest Craigslist success tip:
“Even though eBay is the well-established 900 pound gorilla in the e-commerce world, don’t ignore craigslist as an excellent source of low cost products to resell”
Just as I teach you in “How To eBay Your Way To Fast Cash” video training, I currently have a variety of different ads on craigslist.
One of the products that I advertise for is a health-related product that people with this health issue have many extra boxes of.
I’ve been able to buy dozens of these boxes for as little as $5 to $10 each using my craigslist ad, and sell them on eBay for as much as $25 each. (for a 150% to 400% profit!)
Recently, I purchased a collectible skateboard from one of my craigslist ads. This skateboard was actually used in a recent movie and was collectible both as a movie prop, and as a piece of skateboarding history.
I bought the skateboard for $125 on craigslist and sold it for $250 on eBay!
I could go on and on with examples of how I’ve successfully used craigslist to buy products low and turn around and sell them for much more on eBay. And remember, this is just one of the craigslist techniques that I teach in “How To eBay Your Way To Fast Cash”!
So my goal is to encourage you to use the techniques and strategies that have taken me years to discover and develop so that you too could make all the money you need to take care of yourself, your family and your friends!
Get all the details about “How To eBay Your Way To Fast Cash” – Click here.
Here’s the tip:
“When launching a new product on eBay, be sure to test different prices, selling formats and listing upgrades to determine the best possible price, format and options to use”
As you may already know from checking out my “How To eBay Your Way To Fast Cash” video training, my main business on eBay involves selling vintage Hot Wheels cars and related accessories.
But recently, I decided to test a new product on eBay. I found this product wholesale, using the same exact product sourcing techniques I teach in my system!
Initially, I did my presale research to determine how the top sellers in this particular niche were doing to get great prices for their software. I then listed this new software product, using a variety of different listing formats, because I wanted to find out for myself what the best format was for this particular product. (I tested an auction listing, a fixed-price listing, an eBay Stores listing and even an eBay Classified Ad listing)
In the process of testing this new product on eBay, I also tried a variety of different listing upgrades, such as Border, Gallery Plus, Featured Plus and Featured First. (Note: as of 6-21-11, some of these upgrades no longer exist)
What I discovered (at least for this particular product) was that a “Good ‘Til Canceled” fixed-price listing using the Featured First and Gallery Plus listing upgrades was clearly the best of all worlds, generating eight sales in two days!
Prior to this, utilizing only a fixed-price listing and perhaps a Featured Plus listing upgrade, I was generating about one sale a day. So this is a vast improvement over that!
I would’ve never known about this massive improvement, had I not tested several different selling formats, and several different listing upgrades…
It’s really exciting to see sale after sale pop into my email (and my PayPal account!) over a two-day period.
I believe one of the differences between an average eBay seller and a high-level eBay Powerseller is that the high-level Powerseller is willing to test and experiment with their marketing to improve their results.
They don’t just leave well enough alone and list their items on eBay like everyone else, they are constantly striving to improve the speed of their sales, as well as the profitability of their sales.
So when you find a new product that’s a winner for you, be sure to list it in a variety of ways – using different formats and different listing upgrades. Keep track of which is which, by using the “Notes” feature in your My eBay page. (Your My eBay page allows you to place a note below each active listing.
By indicating in your note the type of listing upgrade or the type of marketing technique that you are using for that particular listing, you can easily track which marketing technique is performing best with a simple glance at your My eBay page.
I sold over $5,000 worth of this name-brand software on eBay in the first 30 days of discovering it, (and I’ve sold tens of thousands worth in the months after discovering it!) so I guess you could say I’ve found a winner. (and, an excellent new income stream on top of my already profitable eBay businesses!)
Once I found a profitable product and a successful eBay marketing technique, my next step was to ramp up the sales of this new product by increasing the number of listings, maximizing the sales on eBay and then looking to other marketplaces to increase sales yet again.
Let me take this moment to encourage you to order my “How To eBay Your Way To Fast Cash” eBay video training system. I’ve jammed it with a wealth of real-world knowledge and experience and if you really absorb it and take consistent action, I know you can make money! There’s a 100% money back guarantee on it, so you really can’t lose! Let me take the risk – order “How To eBay Your Way To Fast Cash” today!
Often, when watching a reality TV show, you have to wonder how much of it is “real” and how much of it is scripted.
The new Storage Wars TV show (on A & E) is one of those that has a lot of people wondering.
It seems a little hard to believe that you could find so many exciting treasures that are worth so much money in a simple, abandoned storage unit.
But you know what? I’ve been buying at storage auctions for almost 9 years now and I’ve found my share of high profit collectibles, too!
In fact, just the other day I sold an unused ticket to the 1962 Rose Bowl game that I had acquired in a storage auction a few years ago and never sold. I dug up a few more items from storage unit auctions I had bought in the past and listed them. I was shocked when this one ticket sold for over $180! (I had already made $4,100 on all the other things out of that unit back then, so this item was just “gravy”! Storage unit auctions are the gift that keep on giving!)Because of storage auctions, I’ve turned a $350 unit into $4,400 by flipping the items on eBay and craigslist.
In my very first storage auction, I turned a $700 unit into $5,000 by flipping the items.
I’ve found a motorcycle frame that I got $400 for.
In one storage unit auction, I found cash (coins and bills) from various countries.
I’ve found all kinds of rare and collectible items:
- Vintage Coca Cola machine
- Rare political memorabilia
- Proof Sets (coins)
- Large high-end aquarium
- Volkswagen Bus (paid $300)
- First Edition Books (sold for $2,200)
So, when I watch a TV show like Storage Wars, I am not only entertained, but I am also taking notes – for the next time I go to a storage auction!
And I can assure you that the kinds of deals they are making are real.
Does this mean that every storage unit will contain a room full of valuable treasures? Of course not! But if you know what to look for, you can definitely tip the odds of making GREAT MONEY in your favor!
I skip past most of the units I see – most units are full of junk and of course, these wouldn’t make for very exciting TV, now would they?
You really have to know what you’re looking for if you plan to do any kind of storage auction hunting.
I believe that storage unit auctions are the last great treasure hunt for eBay sellers and recently, I produced a brand new video training all about making money with storage auctions. It goes into detail on how the storage auctions work, what to look for and how to make sure these storage auctions are profitable for you.
My brand-new video course is called “Insider Secrets To Making Money With Storage Auctions” and it is an “A to Z” MASTER COURSE on how to make money with storage unit auctions!
As I write this, I just made another $3,400 this weekend – all with collectibles that I acquired using these exact strategies – so I can guarantee that these are proven strategies that really work – they have worked for me for 11 years and I KNOW they will work for you!
You know, there is a crop of new TV shows that have exploded in popularity this year:
- American Pickers
- Pawn Stars
- Storage Wars
- Auction Hunters
- Auction Kings
- Cash & Cari
All of these new shows have something in common: they all showcase the huge profits that can be made with collectibles!
In my new video training, I will show you exactly how I do it – how I make as much as $15,000 a month in the collectibles world by finding collectibles in storage auctions and flip them on eBay!
Take a moment to look into this system, it is a proven master course where show you step-by-step how to do this for yourself – so you could make more income and live the lifestyle of freedom and success that you know you deserve.
In some of my eBay seminars and workshops, I’ve taught a simple version of “ebay arbitrage”.
Arbitrage is an economic term that is defined as:
The practice of taking advantage of a price difference between two or more markets.
Put simply, it means buying low in one market and selling higher in another market. (for example, you might buy an item on eBay and resell it on Amazon.com)
On eBay, there are various ways to do this. For example, you can search eBay titles for misspelled items. When you do this, you are benefiting from the fact that the misspelled item will not show up in eBay’s search results when someone types in the correct spelling for that item.
Buy these items up and resell them with correct spellings and you’ve just made money!
Another arbitrage technique is to buy lots. A lot is simply a group of identical items. By buying a lot on eBay, you can get a better deal because the only people bidding on that lot are resellers and there are less of them on eBay than there are of consumer buyers for that item.
Buying lots is a good way to make money on eBay but there are even more advanced arbitrage strategies.
For example, if you know what to look for, you can seek out listings that have been mis-listed. (meaning the sellers have left out crucial information from the title or the description in their listings) When you find an item that has been mis-listed, you can go ahead and buy that item, and then relist it correctly, thus making the full amount possible on that item.
Before you dismiss this as some penny-ante technique, understand that you can do this with high-end items and be profiting to the tune of hundreds of dollars per item by reinvesting your profits into bigger and better items.
When you take this strategy and use it on various websites, such as craigslist, Amazon and eBay, now you can begin to use arbitrage at the next level.
I recently reviewed a multi-media training course about eBay arbitrage called The eBay Auction Arbitrage Secret and I’ve been impressed by the number of different ways there are to use eBay arbitrage to make money.
In this combination of eBook and videos the author. Pete Bruckshaw shows real-world scenarios where he has profited over and over again by using these strategies on eBay.
In fact, he consistently makes between $100 and $300 PER TRANSACTION using these strategies!
I won’t go on and on about it – I’d rather you read about it yourself and get your FREE copy of the introduction to his special report by clicking here.
Take a look – this product has my full recommendation and I think you’ll like what you see!
I’ll admit, I am a newbie to LinkedIn.
It doesn’t seem to be built in an intuitive way for most people.
In case you don’t know, LinkedIn is a social network for the professional set. (Think of it is Facebook, but without all the Farmville games, applications, niece’s drama, etc.)
It is a place where you can showcase your resume, find a job, make new connections, network, find strategic partners, answer questions in your field of expertise and generally create more business for yourself.
There are all kinds of creative ways to use LinkedIn to generate more business and it is one of the world’s best kept secrets (there isn’t a lot of information out there about maximizing your LinkedIn experience)
I am implementing a lot of what I’ve learned in this video – it is amazing!
You can learn more about and order the new LinkedIn Tips & Tricks video here: http://kunaki.com/sales.asp?PID=PX00ZCL9HE&pp=1
Also, I just ran across a very helpful article called: Seven Top Tips For LinkedIn Success here:
Welcome and thanks for visiting!
My name is Dave Espino and my commitment is to serve you by providing you with the best entrepreneurial information possible!
Whether you want to start your own business, teach online courses or even set up your own eCommerce business, this is where you will get the hottest strategies for your success!
I’ve generated $140 million in sales of my own products and related services, so I know I can help you achieve your goals, too!
I wish you tons of success and I’m here to help you get there!
- Dave Espino