Wednesday, October 22, 2008

Selling options

In any kind of trade there are basically 3 options for you to trade with respect to your goods.

1) Sell the merchandise you already own
2) Find bargain merchandise to sell
3) Drop ship

I will discuss these part by part in my posts. I’ll start with the first one.
The first, and easiest, way to begin your Internet auction career is to sell goods
that you already own. This is how most people begin and I certainly
recommend this way for the novice. Selling used merchandise has many advantages: It’s easy to come by, you don’t need to do much research to learn about it , since you either already own it or were able to purchase it for pennies on the dollar from others cleaning out their closets.
Time to clean out your own closets, attics and basements. Being passionate about or fascinated by a particular subject or product category will inspire you to learn as much as you can about it, making you a more savvy seller. Similarly, before you start selling, do some research to find out how much products generally sell for and not just on eBay. On eBay’s Sell page you’ll find a "How to Sell" video tutorial that will walk you through the selling process. You’ll also find several sections devoted to various aspects of selling: determining an item’s value, what’s selling well now, shipping rules and regulations, and other resources. One of those resources is advice from fellow eBay sellers, most of whom are more than willing to answer questions posed by newer users. eBay’s discussion boards are one place to get answers or feedback from experienced sellers


Apart from the above you have the following benefits.
1) You have access to millions of buyers. You can go beyond your
surrounding neighborhood.

2) There is no risk involved. You can try it out, see if you like it, and then
decide if it is a game you want to play. Do you know of any other business that
can be experienced in such a modest way? I certainly don’t.

More about the other 2 selling options in later posts.
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