eBay Archives

The Perfect eBay Product

My name is Stuart Turnbull and in this guest post I am going to share how I discovered the perfect eBay product!

My first foray into home working was when I discovered eBay. I sold the family “junk” and then spent many hours trying to find a profitable niche to turn my exciting new hobby into a regular money earner.

As anyone who has ever tried to find the “perfect eBay product” knows this is easier said than done!

I needed items that I could source repeatedly so trawling through junk at thrift stores and boot sales uncovering the occasional nugget was not the answer.

I needed items that I could mark up sufficiently to allow an acceptable profit AFTER all of my costs and selling fees were taken into account.

I didn’t have access to storage space other than a spare bedroom in my home so these items needed to be small and easy to store/ship.

My initial strategy was to identify items that were popular on eBay and then approach a wholesaler to negotiate a bulk purchase. I tried this a number of times but when I compared the wholesale prices to the retail prices on eBay I realized that there was barely enough margin to cover the selling fees let alone leave a worthwhile profit.

In fact, I couldn’t see how the eBay sellers were making any profit at all, they were all competing on price and it quickly dawned on me that the only sellers making any money were the ones who could negotiate the best prices with the wholesalers/manufacturers because of the size of their orders.

This experience taught me that the best way for ordinary people like you and me to succeed on eBay is to sell items that nobody else is selling – in other words I needed to create my own unique products OR I needed to sell unusual items such as vintage collectable items.

Unfortunately I didn’t have the skills or knowledge to create my own products so I began to focus my attention on vintage collectable items.

During my many hours of eBay ‘completed listings’ research I had come across several very successful sellers who were selling book plates (full page illustrations) removed from old books.

I was fascinated by the amazing diversity of different artists whose printed work was being snapped up by eBay’s hungry collectors. These items were fetching very healthy prices and they were certainly easy and cheap to store and ship the remaining question was – could they be sourced repeatedly?

A little more research and I uncovered a price comparison website that specialized in used books. In fact, this one website gave me access to 20,000 booksellers from across the globe and millions of individual books!

My eBay business model was starting to take shape!

Ebay’s completed listings confirmed exactly what the buyers wanted and the prices they were prepared to pay and my price comparison website enabled me to find the cheapest available copies of the source books and have them delivered to my home without ever having to leave my armchair!

Eureka!!

After literally hundreds of hours research I had finally found the perfect eBay product!

  • Cheap and simple to store and ship (is placing a piece of paper in an envelope simple enough for you?)
  • Forget 10% profit margins – I make between 200% and sometimes as high as 1,000% profits!
  • I can tap into an almost inexhaustible supply of old books

Oh, and this is no flash in the pan business either, the story you have just read happened seven years ago and I am still making amazing profits selling vintage book plates today!

Remember, this is so simple that ANYONE with an eBay account can do it, you don’t need any special tools or skills, this doesn’t require lots of time or money.

Ready to get started?

I have created a free report with lots of real eBay screen shot examples to excite and inspire you!

Click to download it here with no strings attached (no opt-in required)

Best of luck and thanks for reading!

Stuart

This is a guest post written by Stuart Turnbull, if you would like to be considered for a guest post please contact me.

 

Earn More Money From Existing Products

We all want to earn more money online and while my philosophy is to keep churning out new products there is a way to earn more money from your existing products, and in this blog post I will provide you with a real life example showing how I am earning more money with an existing product. By the time you finish reading this post I guarantee your head will be full of ideas.

So how do we make more money from our existing products?

Simple! We ‘multi format’ them…

Let me give you a few examples from The 90 Day PowerSeller Challenge Version 4.0.

Here it is live on eBay.

That is the physical CD version sold to the eBay crowd, people browsing eBay may come across that product and decide to buy, notice the low cost and free shipping option to encourage sales, but what about people who maybe don’t browse eBay or don’t want to wait for a physical product to arrive in the mail?

Simple, they can buy a digital version online. Go check it out here.

http://www.powersellerchallenge.com/

So now we have 2 versions of the same product online, what else can we do?

We can sell it on Amazon in the Kindle store.

Check my kindle version here.

BTW, I used a great guide created by Val Waldeck to get my book on Kindle and it comes highly recommended. Check it out here.

So is there anything else I could do? Well I could create a ‘lite PDF’ version of my product and give it away to build my list. Maybe even drive some traffic to my freebie via a Warrior Special Offer, check out my free WSO here. I could also add my freebie to a few giveaway events such as this one or maybe do some ad swaps.

Because I want as many people to consume my product as possible I also offer resale rights and even branding rights so it goes viral and the traffic from the actual product is generated on autopilot.

Remember! This is all from one product, and there’s so much more I could do. I could convert my product into a physical book, maybe even create an audio version by recording myself or someone else reading the eBook out loud. I could add more material to it such as video training to create a full on home study course. I could even create slides from the product and hold a ‘PowerSeller Workshop’ and charge people to attend, and of course the workshops would be recorded to give me yet another product…

You are only limited by your imagination. So if you have any products out there that are simply not performing as they should or as they used to, see if changing the format helps. Remember that everyone is different, some people like training videos while some prefer to read. Some may prefer to read it on a Kindle while some prefer a physical book, some people love attending workshops and seminars while others prefer to stay at home and watch online. Cater for as many different people as possible by creating your products in multiple formats and you will sell more. Period!

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