Can I Make Money Online on eBay (Part 2)

In case you haven't read part 1 of this article, please click here.

Know Your Competition
Competition is another thing you need to study. Avoid selling items that are in direct competition with those eBay power sellers. eBay power sellers generally have good feedback rating, probably people will prefer to buy from them. Also you will not want to become a rival of Wal-Mart as it is just too hard to profit with items that are selling on Wal-Mart. As a new eBay seller, you should sell something that has demand and the competition isn’t that tough. There is a good e-book that can help you find profitable items to list on eBay. The e-book is called overlooked treasure. It let you know 91 high demand every day items that you can sell for good profit. And the good news is many of these hot every day items aren’t in tough competition condition in eBay.

eBay Reputation
Your reputation and feedback ratings are very important for your eBay business success. Good customer service and fast delivery service will help you build your positive image on eBay. Your product description should always exactly describe the condition of your product. Be honest to the buyers, if the item is worn in any part; write it in the description to the let buyers know. Try your best to make your buyers satisfy on every purchase. If the transaction goes smoothly and the buyer satisfies with your product, then he/she will leave you a positive feedback. Your reputation will grow when you get positive feedbacks often. Good reputation will mean more people want to do business with you.

When your business started to generate consistent sales every month, it is time to expand. You can sell more categories of products to grow your customer base and business profit. When you eBay business grow from time to time and the profit it generates can cover your monthly living expenses, it is time to leave your day job and focus on your eBay business full-time.

Conclusion
Can I make money selling on eBay? Yes, you can with a good business planning and right selling strategies. Every business has to be run using proven business tactics. The same holds true for eBay. Take the time to study eBay selling techniques, read often to keep yourself up-to-date, make use of all of the free tools and resources provided by eBay and you can make money on eBay.