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Wednesday, April 25, 2007

3 Ways To Make A Nice Income With Ebay

It is estimated that more than 500,000 people world wide are earning a full time income with Ebay. Whether you are looking to make some extra money to fill the holes in your monthly budget, or whether you are looking to quit your day job, Ebay might just be the answer. As the biggest marketplace in the world, Ebay provides many very attractive prospects to any aspiring online entrepreneur.

Apart from giving you the opportunity to get rid of some of the old stuff in your house, Ebay offers quite a few options for you if you want earn money from the comfort of your own home. If you think that you have to sell stuff to make money on Ebay, then you are grossly underestimating both the power and flexibility that Ebay offers you. Here are three of the most effective proven ways of earning an income with Ebay:

1. Open Your Own Store:


When Ebay first started it was purely based on auctions and it gave people the ability to 'flog' their unwanted and undesired goods. Everything changed when they adjusted their business model. By giving their users the option to open their own Ebay stores, they quickly turned themselves into the world's biggest 'shopping mall'. Opening your own Ebay store can be very lucrative and some of the top Ebay stores have become multi-million dollar operations.

Anyone can do it. By simply buying dirt cheap wholesale products and reselling them for a profit you can quickly start building a highly profitable store and earn a nice income with Ebay each and every month. Websites like SaleHoo offers extensive listings of wholesale products and if you are up for having your own store there is still plenty of money to be made in virtually any market you can think of.

2. Open An Affiliate Store:


For many the idea of having their own store is just too much. Customers, inventory, shipping, complaints and all the usual hassles of running a store can be very stressful. But, this does not mean you can't profit from Ebay. You can still have a store, without having a store. Huh? With Ebay's affiliate program you get paid a commission on sales made through your affiliate links and by simply selling other people's stuff you can get paid a commission.

In other words, you can earn money from a store that has no inventory, no customer issues, no shipping issues and no real 'store maintenance'. Although the profit potential is not as high as having your own store, it requires very little work and you can easily run a few of these stores without breaking a sweat. The best part is that you require very little money or knowlege to start with.

3. Sell As An Affiliate:


As we just saw, you can earn a commission for every sale that you make as an Ebay Affiliate. You don't have to have a store though, and you can use any affiliate marketing strategy to earn sales commissions. In recent programs like Adwords Miracle the strategy of direct affiliate linking once again emerged to be very successful with Ebay products. By doing direct advertising with PPC networks like Adwords, you can do 'direct selling' by directing your ads with your affiliate links.

You can earn a decent income with Ebay using any of the above three methods. It all depends on your personality and how much time and effort you are wiling to invest.

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