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.htmlRESOURCE 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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