Who would have thought that eBay would become such a household name? eBay is not only the largest auction site, but also the largest marketplace in the world, and its global presence is unrivaled by any other website. eBay has managed to build a reputation around the world as the place to come and find whatever you’re looking for. Regardless of what it is, somewhere in the world someone will sell it. Along with this reputation, eBay managed to do what ruined many early e-commerce sites, which was build trust among their customers. On Ebay, people are willing to spend and the trust they have in Ebay’s checkout and delivery system is reflected in their sales. With this in mind, starting an eBay auction business can be a very lucrative venture for you.
One of the things that makes eBay so successful is that it offers just about anyone the opportunity to connect with your business. By opening your own eBay store, you can gain instant access to a large customer base, which is the crux of doing business online.
Many entrepreneurs who start their own online businesses fail by not attracting enough customers to their website. Online competition can be fierce and website traffic has become a commodity. By starting your own eBay auction business, you can largely eliminate this problem. Starting your own eBay store is incredibly simple and inexpensive and you can simply connect to Ebay’s proven checkout system without any hassle or lengthy application and approval processes.
If this sounds too easy, hold your horses. Anyone who owns and runs a store can tell you one simple truth: it’s hard work! Running your own eBay store is no different and along with success can come a lot more ‘trouble’. Dealing with customer issues, inventory, and shipping orders can soon become a full-time job. Although the earning potential is great, an eBay auction business is still hard work and many online entrepreneurs are trying to escape a full-time job without sacrificing a full-time income.
However, there is a slight twist on the subject and due to the frustration of dealing with all the typical hassles that come with owning a store, many entrepreneurs turned to affiliate marketing. Affiliate marketing became popular in the mid 90’s and to this day forms a large part of online businesses with websites like Amazon relying almost entirely on affiliates. The fact that eBay offers a very generous affiliate commission on product sales opened up a new avenue for those who want to benefit from eBay without the usual hassles of running an online store.
By starting your own affiliate store, you can start an eBay auction business without selling anything. By simply promoting certain products on your ‘virtual storefront’, you can direct customers to the most appropriate products and earn commission on sales that result from your referral. Although the profit margins are much smaller than if you had your own eBay store, the amount of work is much less. In fact, you can set your eBay affiliate store on autopilot and let it run itself while still earning commissions.
Residual income is a very powerful concept and one that the Internet allows you to plug into. Most people today earn ‘line income’, which means they trade time for money. Residual income, on the other hand, means that you work once and continue to work for yourself and earn money for yourself. This is the kingdom of the rich and with the Internet it is at your fingertips.
The idea, however, is not to be enslaved by a job you hate and to create the life you want. Regardless of your preferences, you can make money from home and with an eBay auction business anyone can do it. Whether you’re selling your own products or selling other people’s products, eBay gives you the opportunity. It’s all a matter of taking action and making it work for you.