Selling ebooks on ebay is very popular at the moment and the demand for them is very high. Some sellers actually make a full time income just by selling ebooks on ebay, and a very good income at that. Selling ebooks, and in particular your own ebook is one of the most profitable businesses on the internet.
There are two ways in which you can obtain ebooks to sell on ebay.
1. You can purchase ebooks with resell rights. If you buy resell rights to a product you are free to resell that product. You can only sell the actual product but can’t sell the resell rights to the product. Which is ok for buying to sell on ebay. However, if you would like to offer your customers the resell rights to your ebooks – which can increase their value – you will need to purchase ebooks with Master Resell Rights. This means that you can resell the product plus sell the resell rights to the product.
If you would like to buy an ebook that you would like to perhaps change around a little and give it your own personal touch, then you will need to buy an ebook with Private Label Resell Rights. This means that you have the rights to change the product and change the author name to your own name. PLR rights are very good because you really have the ultimate ownership of that product and can do much more with it, including adding some affiliate links within the ebook.
If you are not experienced enough in a particular field to write your own ebook, then purchasing an ebook with PLR rights is a good place to start. You will have much of the information you need already in the ebook, and all you need to do is change it a little.
2. You can write your own ebook. Ultimately, this is the best option as you have 100% ownership of the product and can do absolutely anything you want with it. You can write ebooks about almost anything, so there is a good chance that you have interest that you have enough knowledge about to create your own ebook.
If you do need some more knowledge than you personally have, you can quite quickly and easily research the topic on the internet or in books and find some more information. Always make sure when you find any information from the internet or books, never copy the information straight from the source, always make sure you write it in your own words.
Selling ebooks is quite popular due to the fact that once you have your ebook written and all ready to sell, there are very little costs after that point. No continued purchasing costs that you would have if you were selling physical products.
You can sell your ebooks on ebay or also from your own website. Once your ebooks are set up the only continued costs you will have are your ebay fees or website hosting fees. So when you price your ebooks, make sure you take into account your fees.
Whether you buy ebooks and resell or create your own, you will have a heap of fun choosing and/or creating your products and even more fun selling them.
Finding a good wholesaler is a huge step to being successful at making an income selling on ebay. Dropshipping is also a good option if you don’t have much start up capital to purchase stock to sell.
Finding a good wholesaler who’s prices are competitive on the Ebay market can be very difficult. Ebay is extremely competitive and therefore the prices are reasonably low, which doesn’t give you much room to mark up your prices to make a good profit. Those Ebay sellers that have happened to have come across a very good wholesaler, will usually keep it to themselves to minimise their competition.
The first step when selling on Ebay is deciding exactly what it is that you would like to sell. For some, this decision is very easy, particularly if they have a hobbie that they could devote their time to and turn it into a business. This is also the ideal job for most, having something you love and making an income from it. Also if you have a retail store outside of Ebay, you could try selling your products on Ebay and slowly make the conversion to selling online instead of a store, or you could do both.
It’s not always that easy though, some people may have no idea where to start in choosing what to sell on Ebay. It’s also not just a matter of what to sell, but what is going to be profitable to sell.
Electronic products such as digital cameras, dvd cameras and cell phones are very popular selling items on Ebay. Some research online will quite easily find you wholesalers for these products as there are quite a lot of wholesalers for these types of products. These items are also some of the most competitive items on Ebay however, so the profits you will make on these are very minimal as you will need to sell them at a very low price to be competitive.
These products are good in the sense that with the increasing knowledge of technology, these products are continually being changed and improved upon, so the turnover is quite high. Many people will upgrade to newer better items when there current product becomes outdated. So there is always demand for this sort of product. If you can find yourself a very good wholesaler that can give you a supply price that will keep you competitive and if they can keep you ahead of your competition with new released products, then you can do very well with these items.
There are many wholesaler membership websites and forums on the internet that you can join that will supply you with literally hundreds of wholesalers to choose from. Salehoo is quite a good membership site and joining a site like this can give you a better chance of finding good, reliable and honest wholesalers.
A brief explanation of dropshipping is when you sell an item but you don’t actually purchase the item first. So you are basically selling the item for the supplier. You don’t need to purchase stock and you don’t need to store stock on your own premises. You don’t purchase the item from your supplier until you have made a sale.
You decide which item you want to sell and always make sure you do your research, check the pricing and make sure it is an item you can make profit with. Also double check with your supplier to make sure they have enough of the items in stock, the last thing you want is to sell an item and then be told that your supplier cannot supply it.
Once you have chosen a product to sell, you put your listing on ebay. You sell the item to the highest bidder. Once you receive payment for the item from your customer, you then place an order with your supplier. You send the supplier their share of the selling price (the supplier cost) and you keep the rest for your ebay fees and profit.
You will give the supplier your customers details, which is their name and address, and the supplier will send the item directly to your customer. So you never actually see the product, it will go straight from the suppliers warehouse to your customer.
When you list the product on ebay, always make sure when you are deciding on what price to sell at that you take into account your suppliers price, delivery costs and ebay fees. Then you will need to add your markup to make some profit.
Dropshipping is a very useful way of selling since you don’t need any money up front to do so and you also don’t have the inconvenience of having to store stock in your home or office. There is a disadvantage to dropshipping though, which is that you don’t know your suppliers stock levels so you do need to be continually checking with your supplier on their stock levels. Never rely on your supplier to keep you updated on stock levels, they do sometimes forget. You will also need to keep checking their prices and make sure they keep you updated with any price changes. A good supplier will let you know when prices change or when stocks are low.
Whether you buy stock up front or decide to use the dropshipping method, always make sure you do research on your supplier. Make sure that they are legitimate and honest before sending any money to them. There are fraudulent suppliers out there so always do your homework and find out as much information as you can.
If you haven’t yet, make sure you get Quick Start Guide to Growing Wealth Beyond Your Day Job and you will get access to lots of information about selling on Ebay and usign Dropshippers.
Being an Ebay seller is a great way to earn an income working from home and with the internet becoming more and more popular it has become possible for many people to earn that income online.
Ebay is the world’s biggest online auction place and has millions of people all over the world that you can sell to.
It is possible to start selling on ebay with little or even no start up cash. You can quite easily start off your Ebay business by selling items from around your home. Most people will have some items around the home that they have no use for anymore and as they say, one man’s trash is another man’s treasure.
Selling items around your home can earn you enough cash to start investing in your business. Once you have made a little money, but not quite enough for any big investments, you can do some shopping at garage sales or second hand shops. You will be amazed at some of the bargains that you can pick up second hand that will sell very well on Ebay.
Children’s items sell particularly well and in particular baby goods that are still in good condition and also brand name toys such as Thomas The Tank Engine toys.
The other way to start selling on Ebay without any start up cash is to use dropshipping. This is when you sell items on behalf of the supplier. You list the item for sale on Ebay, and once you sell the item and have received payment from your customer, you then place the order with the supplier. You send the supplier their cost price for the item and they will ship the item directly to your customer.
So at no stage do you actually handle the products, it will be sent straight to your customer so there is no need for you to have to worry about keeping stocks of items.
The main advantage of dropshipping is that you do not need to send the supplier payment until you have received the payment from your customer, so you don’t need any investment capital. The other advantage is that you don’t need to worry about storing stock and possibly even purchasing stock and then being unable to sell it.
The disadvantage of dropshipping is that you always need to keep in touch with your supplier to make sure they have good quantities of the products you are selling in stock. You don’t want to list an item only to find out your supplier has none in stock. You also need to keep yourself up to date with your suppliers pricing, otherwise if your supplier increases their prices and you are listing items at the old prices, you will end up making a loss on the product.
Whether you prefer to use dropshipping or to purchase your stock up front, always make sure you investigate your supplier well before placing any orders and sending any money.
There are many fraudulent wholesalers so always check the credibility of your wholesaler and find out as much information as you can about them. Always send your payments through a secure method of payment that can be traced and returned to you should your supplier turn out to be fraudulent.
It can take some time to find a good supplier and it may also pay to join a wholesaler membership site. As a member of a respectable wholesaler site you are much more assured that the suppliers they recommend are legitimate suppliers.
Here is a list of a few recommended dropshippers: Saleho, Doba, StoreB2B, Dropship Design, Dropshipper Network, Wholesale Central, American Dropshippers, Mega Goods, Simplx, iDropshipper.
You can also find out a lot more about starting your own Ebay business in our recently published book Quick Start Guide to Growing Wealth Beyond Your Day Job.
