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HOW TO

How to Make Money from Internet Auctions
By: Developer Shed
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    2003-10-16

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    How to Make Money from Internet Auctions
    by J. Stephen Pope

    If your business is not using eBay and other Internet
    auctions, you could be missing out. Here are just a
    few ways of generating additional income, profits and
    cashflow from online auctions.


    1. Convert Excess Assets to Cash


    Sell personal or business items that you no longer
    use. For example, are there slow moving inventory
    items in your store? A major camera store chain sells
    their slow movers, quite successfully, through eBay.


    2. Buy and Sell Anything


    Sometimes people put things out in the garbage because
    they don`t need them anymore and don`t know anyone who
    could use them. You can successfully sell some of
    these items by Internet auction.

    As well, if you pick up bargains from garage sales,
    flea markets, importers, wholesalers, closeout dealers
    or other sources, these items can also be sold through
    online auctions.


    3. Drop Shipping


    There are suppliers who will ship one item at a time
    for you. You don`t have to stock any inventory. You
    simply pay your dropship supplier out of the money
    you receive from your auction sale. They will ship
    the product directly to your customer.

    For further information about drop shipping, visit:
    http://www.yenommarketinginc.com/dropship.html


    4. Self-Publishing


    Do you have expertise in a specialized area of
    interest to people? Then, you could publish your
    own information product.

    A very popular format for self-publishing information
    products is the electronic book (or e-book). E-book
    compilers, some of which are free, are readily
    available on the Internet. When people buy your
    e-book, they can download it from your website or
    receive it by e-mail.

    You could sell such self-published information
    products on eBay and other Internet auction sites.
    Incidentally, online auctions are an inexpensive
    method of testing the market for your information (or
    other) products.

    For further information about self-publishing, visit:
    http://www.yenommarketinginc.com/selfpub.html


    5. Reprint and Resale Rights


    You may not want to produce your own information
    products presently. Or, perhaps, you may already
    have an information product, but would like to
    supplement your income with additional, related
    product offerings. This is where reprint and resale
    rights come in.

    You can buy the rights to reprint or resell excellent
    information products created by other people. Some of
    these rights are inexpensive.

    In addition to selling these products from your own
    website, you can use Internet auctions to create
    extra sales. Another advantage of online auctions
    is that they can create additional traffic for your
    website.

    For further information about reprint and resale rights,
    visit http://www.yenommarketinginc.com/instantpub.html


    6. Sell Your Services


    Do you design logos or websites? Do you sell consulting
    or other services? These, also, can be successfully sold
    through eBay and other auction sites.


    7. Run an eBay Consignment Shop


    There are still people who don`t have a computer or who
    don`t use eBay. You could sell on a consignment basis
    for them, taking a commission on the successful sale.
    You would need to charge for advertising expenses
    incurred, such as eBay listing and selling fees.


    8. Promote Affiliate Programs through Auctions


    Some affiliate programs have brandable e-books that
    contain your affiliate link. When people order from
    the e-book that they bought from your online auction,
    you get credit for the sale. As well, some of those
    purchasers may sign up as affiliates, earning you
    additional commissions.

    Some of these e-books have valuable information that
    is worth the nominal value you would sell it for on
    eBay. In other cases, such an e-book is readily
    available for free. In this latter case, you might
    consider selling another related product and offer
    the e-book as a free bonus.

    For further information about affiliate programs,
    visit http://www.yenommarketinginc.com/affiliate.html


    9. Supply Fellow Online Auctioneers


    During the gold rush days, it is said that those
    who sold picks and shovels were more likely to make
    money than those panning for gold. Similarly,
    since there is such a big market for online auctions,
    you can make money supplying eBayers with information
    and auction tools to help them start and grow their
    own online auction business.


    10. Internet Auction Consulting


    As you gain experience and expertise in online
    auctions, you might consider charging for your
    knowledge.

    Consulting services, seminars, information products
    and other ways of packaging your knowledge can
    earn you additional income streams.

    For more information about consulting, visit:
    http://www.yenommarketinginc.com/consulting.html


    These are just a few of the ways you can profit
    from Internet auctions.

    For more information about Internet auctions, visit:
    http://www.yenommarketinginc.com/auctions.html

    RESOURCE BOX:


    J. Stephen Pope, President of Pope Consulting Inc.,
    http://www.popeconsultinginc.com/ has been helping
    clients to earn maximum business profits for over
    twenty years.

    For valuable Work at Home Small Business Ideas, visit
    http://www.yenommarketinginc.com/

    DISCLAIMER: The content provided in this article is not warranted or guaranteed by Developer Shed, Inc. The content provided is intended for entertainment and/or educational purposes in order to introduce to the reader key ideas, concepts, and/or product reviews. As such it is incumbent upon the reader to employ real-world tactics for security and implementation of best practices. We are not liable for any negative consequences that may result from implementing any information covered in our articles or tutorials. If this is a hardware review, it is not recommended to open and/or modify your hardware.

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