31/7/09 eBay Powerseller Secrets Newsletter

"In this week's eBay Powersellers Secrets Newsletter learn Amanda's simple recipe for eBay success."

Hello!

Because lots of my Newsletter Subscribers are new to selling on eBay, I was thinking about how I could give you some extra motivation.

I want to show you that you can earn a really healthy income from eBay. I could explain to you until I'm blue in the face that it is possible and show you lots of diagrams and figures, but I thought you might be interested in learning a little bit about how I actually started selling on eBay and how I built up my income.

With two young children to look after, I wanted a flexible job that I could manage from home, but I knew nothing about selling on eBay at the start. However, in a very short time, I became a very successful eBay Powerseller and now I would love to teach you exactly how to make money on eBay.

You know that you are not going to start from scratch and suddenly be earning £2,500 in a week or two's time (this should be your goal 6 - 9 months down the line), but it is entirely possible with only a small amount of effort to earn £350 a week within just a few weeks and then you simply build up an inventory of hot selling products that all make you money until you reach the income you want. So here is a little insight into how I did it - you just need to do the same.

Ok, I started really simply, by listing just one product on a Buy It Now multiple quantity listing at £12.99 plus £2.99 postage and packing. I made a clear profit on this product (this is after I had taken off my eBay and PayPal fees, stock cost and postage costs) of just over £8.00. So that's the kind of profit you should be looking at for each of your products.
 

My rule was always that it's not worth the trouble if you can't make a profit of at least £5.00 per sale (although I have broken this rule once or twice over the years, but more on that another time!).

So, I had one this one product listed and every time one sold I made £8.00! Then I worked out that if I wanted to make £350 a week profit with just one product, I would need to sell roughly 44 items per week.

That sounds like quite a lot doesn't it!

But actually it's not, because when you break it down further, you'll see that I actually only needed to sell roughly 6 or 7 a day to reach that £350 target!

Six or seven sales in a day are totally achievable in a marketplace like eBay. Remember, you only need those 6 or 7 sales from the millions of potential buyers that are visiting the site!

What's more, on average I was selling between 17 and 26 of my very first product EVERY DAY! The record number of sales was on Tuesday 12th August 2008 when I sold 32! That's £256 profit in ONE DAY! (I haven't managed to beat that figure yet!)

So you get the general idea -

List your first product and aim to sell around 7 of that product per day at a profit of about £6.50 on each sale. That's a daily profit of £45.50 and a weekly profit of £318.50. That's not a bad start with one product!

You remember, in the home study course, how I showed you how to automate your listings - well once your first product is up and running on auto-pilot, you then move on to product number 2.

Do exactly the same again. Set yourself a profit target and work out the number of sales you need to achieve that. Once you are consistently reaching your targets, add product number 3.

And so on.....Rinse and Repeat! Rinse and Repeat as many times as you want! (See it's not Rocket Science is it).

There are thousands of people in the UK including myself, earning a very comfortable living from eBay using this simple method. I want you to be one of those people and trust me, if you copy what I do, you will be!

I hope I have managed to motivate you in some small way! The most important thing is to get your first product up and running - that's the hardest part. Once you've done it once you'll see how easy it is and will be itching to get on to product numbers 2, 3 and 4 etc!

Until next week, as always I wish you the best of success,

Amanda

P.S If you have already purchased the home study course I've added another 2 new wholesale sources to your Exclusive Bonus Web Page today for you!

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I produce this newsletter on the understanding that these are my own personal opinions and experiences, which are as accurate as possible at the time of publication. I cannot be held responsible for any error in details, accuracy or judgment whatsoever.

© Amanda O'Brien 2009

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