Earning on ebay 4

Work out a business plan...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 yourself than it is for anyone else.Initially it will look like it's all going wrong.Do not give up.Keep working at it then you'll almost always find that you make a real breakthrough just when things are starting to look desperate. Identify your market. Determine what sells and what doesn't. Select those that move reasonably fast.Your initial period will be by trial and error.But keep doing it and you will catch up fast.Get hold of a supplier for whatever it is you want to sell. If the eBay prices you've seen are higher than the supplier's, then you're set. Watch your competition.Observe how others are selling the same item as yours...how they are projecting their item,price they are quoting, Pay special attention to any flaws their auctions might have. Keep trying different strategies until you find something that works, and then stick to it.Chances are that you've just found a good niche. Once you start seeing money it's time to invest and expand.Buy inventory, and start spending more time on your business. Set a goal number of sales each week, increasing it each time.Register yourself as a business,after you've made a few thousand dollars.A lawyer is the best guy to help you through the process.Your business has expanded and now it is time to automate.Instead of writing the same things again and again in emails or item descriptions,turn to automated software that can create listings for you, and respond to completed auctions and payments with whatever message you provide.This will save you time to concentrate on other areas of your business. Start small,do not invest too much,see what works and what doesn't,and learn as you go.Even the craziest ideas on eBay,may work for you.So do not shy away from experimenting different ideas.