Ebay And Collectibles Just Add A Little Research And Voila!
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You probably heard this way too many times as a child, but doing your ebay homework or ebay research if you like is one of the best tips that highly successful people like Internet marketer and businessman, Dale Calvert can offer.
Do your homework and research on eBay.Also spend a couple of hours at local auctions every weekend. These are his top tips for making the kind of money that could end up allowing you to give up your day job faster than you might imagine.
If you heed Dale Calverts advice you won’t try and compete by selling main stream stuff on eBay where sellers look to make miniscule profits in overly competative markets.
How can we loose sight of the fact that eBay began as a way of buying and selling unwanted collectibles and the odd antique cluttering up your home.Not as it is today with stores selling high end electrical goods with virtually no margin for sellers to speak of as they try to under price each other.
If your looking to make any real success in the antique and collectibles game you will need to keep a eye out for those unexpected treasures and know your markets and whats in demand both on and off line.
Some time ago Calvert found an old 1898 Harper’s Review listed on a local auction. A lot of us may not have even noticed it but it rang some alarm bells for him.
He did his homework by checking on eBay and saw that it had sold for $500. With that knowledge neatly tucked into his brain he headed for the auction. He bought the book for $40 and sold it for $480 within the week.
Another time he bought some presentation screens. They cost him all of $225. The next week he sold them for a total of $1500. Now that’s a healthy profit margin!
Think smart not hard is great way of making money even a few thousand dollars a month is quite possible.It’s not that hard but few understand the idea at all. Keep a eye of announcements in the local press for up and coming auctions.Check out the offers at their websites a few days before and then go to eBay and find those in demand gems people are looking for a how much they are prepared to pay.
If you want to double your money a simple formula Dale Calvert recommends is never bid more than 50% of the eBay selling price and you are pretty much guaranteed success every time.
Doubtless you could might have some competition but when you think about it will probably be handful of bidders out of may be 100 or so attending the auction.It’s common sense really less bidding usually means lower prices.
The auction price you pay there reflects that. Then you are taking that same product into a market of hundreds and thousands of people who are interested. And the price you get for it reflects the demand.
If you hang about in auction sale rooms and know your market on eBay you soon have a handle on this stuff. Don’t be suprised to find that people collect almost anything from beer mats to antiques and once you recognise the valuable from the junk your income will grow rapidly.
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