An Ebay Business Auction with a Twist
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 brought down many early e-commerce sites, which was to build trust with their customers. On Ebay, people are willing to spend and their confidence in Ebay’s payment 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 eliminate this problem to a great extent. Starting your own eBay store is incredibly simple and inexpensive and you can simply connect to Ebay’s proven payment system without any difficulties or lengthy application and approval processes.
If this sounds too easy, hold onto your horses. Anyone who owns and runs a store can tell you a 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 may 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 to the theme 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 huge part of online business and websites like Amazon rely 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 in your ‘virtual storefront’, you can direct customers to the most appropriate products and earn commission on sales resulting from your recommendation. 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 on its own while you continue to earn 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 within your reach.
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. Whether you’re selling your own products or selling other people’s products, eBay offers you the opportunity. It’s all about taking action and making it work for you.