Many people underestimate the potential of online ecommerce. You can sell anything from books to electronic to gardening equipment on the net. Ebay is the perfect marketplace to make easy money on ebay. With millions of dollars of transactions per day, you can make a full time living just by selling on ebay.

The first step to making money on ebay is to setup a seller account on ebay and if possible setup a storefront on ebay. It??s cheaper in the long run and you can put up more inventory for sale.

Ebay has made it very easy to setup your own store on Ebay. Even if you are not computer savvy, there are step by step guide that can guide you. After that, you need to learn how to advertise to attract targeted potential buyers to your auctions.

The key to learning how to make money on ebay is selecting the right ebay categories, the title and subtitle and the right keywords to attract visitors to your auction listings. There are various ebay tools such as the ebay research tool and other third party ebay research tools such as terapeak and hammertap that can assist you in this aspect.

Ebay also has several upgrade options to make your auction listings stand out but they cost money I would recommend you buy the upgrade to bold your ads at the minimum.

Another important aspect if you want to run a long term ebay business is your reputation. On ebay, it is transparent via the feedback option. Potential buyers can see the feedback from your previous customers and it can help you tremendously if you have a 100% positive ebay feedback.

There are several guides online that can teach you how to make easy money on ebay. Some provide genuine good information while many are just ebay scams and you should be careful who you learn from.

There are a few basic things that you need or need to do before you can start buying and selling on eBay or any auction.

1. Credit Card

You will need to have a Credit Card to open an account with Pay Pal which is the most acceptable, proven and safe means for payment.

Your Credit Card number will not be revealed during payment.

2. Pay Pal Account

Pay Pal is the safer and easier way to make payment without exposing your credit card or bank account number.

PayPal can be used to buy items on the Internet too and not limited to transactions on eBay. It is widely accepted globally for electronic transactions on the Internet.

For more information and opening an account, you can go to https://www.paypal.com/

3. eBay Account

You can opened an account in your our country as eBay has a few sites like eBay France, eBay Germany, eBay Australia, eBay Singapore, eBay India, eBay Malaysia, eBay Philippines, and so on.

Just fill up the form shown on your PC screen and provide the relevant details required.

For more information and registration, you can go to http://www.ebay.com/

4. Digital Camera (Optional but Recommended)

You should take good photos of items that you are selling as this will enable the Buyers to see what they are buying.

You will have some advantage over those Sellers that do not have photos of similar items on sale.

It is very simple to upload digital photos or images but please remember to re-size them as you do not need a big or very high resolution image for Web.

An entry-level digital camera should be able to get you reasonable digital images required.

5. Items to Sell

Finally, you just need to look around your home for used items that are no longer used but occupying storage space.

As the item has to be sent by post, it has to be of reasonable size and not items like an old chair or 14 portable TV otherwise the delivery cost would be very high.

I would like to suggest that before you post any items for sale, it would be wise to look at similar items that are being auctioned and see how the Sellers do their postings; e.g. how photos are taken from different angles, how an item is thoroughly described.

In fact, you should look for a cheap item that cost only a few dollars and you should have a go at bidding for it. This is to give you a feel of the whole transaction from bidding to settlement to receipt of the item. This experience will benefit you when you start selling your items.

So what are you waiting for?

Go and buy your first item and then make your first sale!

10 Steps to Successful Selling on eBay.

So you want to be a successful seller with your own eBay business, do you? Here’s a simple, ten-step path to eBay enlightenment.

Step 1: Identify your market. Take a while to sit and watch for what sells and what doesn’t out of the items you’re interested in. Any market research data you can collect will be very useful to you later on. You’ll probably see the ’sweet spots’ quite quickly – those one or two items that always seem to sell for a good price.

Step 2: Watch the competition. Before you invest any money, see what the other sellers in your category are up to, and what their strategies are. Pay special attention to any flaws their auctions might have, because this is where you can move in and beat them at their own game.

Step 3: Find a product: Get hold of a supplier for whatever it is you want to sell, and see what the best rates you can get are – don’t be afraid to ring round quite a few to get the best deal. If the eBay prices you’ve seen are higher than the supplier’s, then you’re set.

Step 4: Start small: Don’t throw thousands at your idea straight away – get started slowly, see what works and what doesn’t, and learn as you go. Remember that it’s very cheap to try out even the craziest ideas on eBay, and who knows, they might just work!

Step 5: Test and repeat. Keep trying different strategies until you find something that works, and then don’t be ashamed to keep doing it, again and again. The chances are that you’ve just found a good niche.

Step 6: Work out a business plan: A business plan doesn’t need to be anything formal, just a few pages that outline the market opportunity you’ve spotted, your strategy, strengths and weaknesses of the plan and a brief budget. This is more for you than it is for anyone else.

Step 7: Invest and expand: This is the time to throw money at the problem. Buy inventory, and start spending more time on your business. Set a goal number of sales each week, increasing it each time.

Step 8: Make it official: Once you’ve made a few thousand dollars worth of sales, you should really register yourself as a business. Don’t worry, it’s not expensive or hard to do – a lawyer is the best person to help you through the process.

Step 9: Automate: You’ll probably find that you’re writing the same things again and again in emails or item descriptions. This is the time to give up on the manual method and turn to automated software that can create listings for you, and respond to completed auctions and payments with whatever message you provide.

Step 10: Never give up: Even when it looks like it’s all going wrong, don’t stop trying until you succeed. If you keep working at it then you’ll almost always find that you make a real breakthrough just when things are starting to look desperate.

One thing that has helped me build a rating of over 100 in a few months is selling information products on CD over and over. You can learn how to do this, as well as what it take to make a full time living at http://americanrublesdollarstore.com in the Money Making section with the Everything Ebook A Seller’s Guide

I can answer this question for you right now: the answer is yes. In fact, the answer is YES! the biggest yes youve ever heard. Of course the customer is always right. If you want to be a successful eBay seller, you should go miles out of your way to make sure every single one of your customers is 100% satisfied, however much time or money it might cost you.

A dissatisfied customer will leave negative feedback, and negative feedback is to be avoided at all costs. That one piece of negative feedback will always cost you more than it would have to deal with the complaint, whatever the value of the items you sell. You should consider any positive feedback percentage under 100% to be an absolute disaster, and a personal failure on your part.

But What If

But nothing! There is no situation where you, as a seller, should get into any dispute with a buyer. Here are a few common situations and how to handle them.

They say the item never arrived: Politely ask the buyer to wait a few more days to see if it turns up, and then email you again if it still hasnt arrived. If it still hasnt arrived, you should assume it was lost in the mail somehow and offer to send a replacement if you have one, or give them a full refund otherwise. No, I dont care what that costs you. Are you serious about selling on eBay or not?

The item has been damaged in the mail: You must offer to replace it or take it back for a refund without hesitation.

They say the item doesnt match the description: Resist the urge to email back with yes it does, you just didnt read the description properly. Take the item back for a refund, and edit your description if you need to, to make any confusing points extra clear.

Im sure youre spotting a pattern by now. Offering a refund will make almost any problem go away, and it really will cost you less in the long run. Remember, one piece of negative feedback will stay with you forever, while having a 100% positive rating is like owning a bar of solid gold.

You should always handle customers complaints before they complain to eBay in fact, you should email them pre-emptively to ask if they have any. Going through the dispute process is time consuming, reflects badly on you and is downright unnecessary.

Are you still not convinced? Think this would only work with cheap items? Well, you see, the higher the price of the items you sell, the more your reputation is worth to you. Lets say you were selling $10,000 worth of items each week, for example, and making a $1,000 profit per week overall. You might think that refunding one customers $1,000 purchase would be a tragedy, losing you your whole weeks profit. Its far better to look at it this way: if you dont give that refund, then not only will you lose the next weeks profit, but youll probably lose a few weeks profit after that too. Now which option looks better?

I absolutely cant emphasise enough the importance of really believing that the customer is always right. But trying to make excuses for complaints isnt the only thing you need to avoid. There are a lot of pitfalls that you need to avoid if you dont want to kill your business before its even started properly and Ill show you in my next post what they are.