The biggest achievement for any internet marketer is to simply earn your first dollar online. Once you have earned your first dollar, you have unlocked this psychological barrier that stops most people. Your have a shift in mindset and you realize that you can actually make money online!
If you have never sold anything online, I am going to show you how to quickly make your first dollar online this week. If you are an experienced online marketer, this guide can help you explore an additional income stream.
The easiest way to earn money online is thru online auctions. Auction sites are webpages setup to enable its users to buy and sell their own goods to other users on the Internet. They have quickly become some of the most visited web pages on the Internet.
Here is the idea: you place your item up for sale, display a picture of that item with a short description, and wait until people bid on it. Generally after a fixed amount of time such as 5-10 days, you sell your item to the highest bidder. Each time you sell an item, the auction site typically takes a percentage of the sale, such as 1.5 percent.
Items that you put up for sale can be anything you find in your garage, bedroom or closet. If you run out of your own goods to sell, you can easily pick up items at flea markets or any other places alike and sell them online.
The beauty of an online auction is that it is opened to anyone in the world therefore your reach is the entire world wide web. Another plus is that an auction typically attracts angry buyers who specifically want what you are re-selling.
Because eBay is the most popular online auction site, let’s see how to quickly make our first dollar online on eBay.
First of all you need to find something around your house that you don’t need or want anymore. It can be anything: a rare item such as a book, a DVD, an electronic device.
Secondly using a digital camera take a nice picture of the item. Make sure the picture represents your item in the most flattering position as it allows a potential buyer to judge your product.
Before you sell on eBay (www.ebay.com) you must:
Once done, log into ebay with your user id and click on the Sell button at the top of most pages.
Listing your product for sale on eBay is an easy process as we will see.
Step 1: You need to provide a meaningful title of your product and click on “Get Started”
You will need a description acting as a sales pitch. Make your description as accurate as possible and focus on advantages and benefits.
Step 2: You also need to specify a category for your product. Selecting the right category is important as it helps buyers find your listing.
Look for similar items that have recently sold on eBay to help you select the best category, price, or learn your item’s potential value.
To search for similar items:
Click the Search button
Step 3: Specify how long you want the auction to last 5 days, 10 days etc…
By the end of your auction, you will have a winner and you will have to ship your item to the highest bidder.
Voila, you have made your first dollar online! Selling products on eBay is that simple. Obviously to make a significant amount of money on auction sites, you will have to sell more products!