If you are wondering whether eBay could be a legitimate means to earn you some extra money, or even take over as your main source of income then there is some great news for you. It is completely possible to make money on eBay! However before you run to your day job to hand in your notice, it is important to realise that making a living from this auction website won’t be a walk in the park, and it will take some time to build momentum.
A lot of potentially successful eBay sellers end up falling at the first hurdle. They might have heard rumours and stories of hugely successful individuals setting up shop and making thousands almost right away, only to end up disheartened and disillusioned when those stories don’t reflect their own experiences.
With a changing economy and a changing eBay it is more difficult to break into selling than it used to be. It is certainly not impossible, but right now at the start of your selling journey you should consider the four all important things that making you way to the top will take. If you find yourself lacking in any one area don’t panic; just think about how you can work on that specific thing in order to strengthen your chances to succeed as an eBay seller.
It takes discipline. Until your eBay selling business becomes particularly large the chance is you will be working out of a spare room in your house. You will need to maintain a level of discipline to keep you away from the television when you need to be listing auctions or packaging goods. It’s amazing how tempting even something as usually dull as ironing can seem when your level of discipline is dipping.
It takes commitment. Unless you have the initial capital to support yourself through the slower months that can be associated with starting out on eBay, you will need to work as well as sell. This can be a big commitment, particularly as it will involve surrendering some of your evenings or weekends in order to build some momentum.
It takes determination. Ever heard the saying, ‘When the going gets tough, the tough get going?’ Although eBay has the potential to earn you serious quantities of money, it is highly likely that you will experience difficulties along the way. At these points it will be your determination that keeps you going. Do you have the drive to stir yourself up, to get yourself going and finding new products to sell even after one of your bestsellers has stopped selling?
It takes time. Yes, setting up an eBay business will take some of your personal time, or your working day time once you start to see success. However time is also required for your business to pick up some momentum; being patient through this time will help to put you on the road to success. Remember, your eBay account doesn’t come complete with positive feedback, nor does your garage come filled with wholesale stock. Start your new foray into eBay gradually, adding items slowly and letting your business build itself and before you know it you will be making some serious money on eBay.