I get asked by a lot of people how do you set-up a website business and actually make money?
Well this often depends on what you do, sell or provide.
For instance most people for a more rapid response and quicker sales resort to eBay and other auction websites, some people even get a eBay shop as this is cheaper than hosting your own site and its linked to eBay.
All this is true and does work, but still depends on what your selling, I have heard that some people have even sold their furniture online because they got carried with eBay selling, its addictive, turn your unwanted stuff in to money and all usually within a week.
Eventually these people realise they have nothing to sit on and that’s the end of eBay, pots of money but nothing in their home.
What you need to do is some research, find a product that is hot at the moment and save up some money at least a thousand or so, your going to need it, but the return could net you 600%.
Look online and in the local papers, loot, exchange and mart and try to find any auctions of clearance or bankrupt stock items, lets say for example the hottest thing is Mobile Phones, pay as you go, (and when I say hot I mean popular not stolen), boxed, sealed you could pick-up for something like £10 each and sell for £60 they retail at £120 because you know this you did your research.
You need a bargain to sell on eBay this is a golden rule. Don’t pay over the odds or just under retail value for something your going to sell on again or you’ll get stuck with it and be forced to sell it for less that you paid, something a lot of eBayers do.
Never buy a job lot unless there is at least 100% profit in it, by the time you take out eBays fee’s, postage, and Paypal charges your down to 80%, soon drops.
Heres a quick guide to buying to sell on eBay.
1. Buy the latest product that’s light & easy and cheap to post.
2. Don’t sell anything under £5 its not really worth the hassle.
3. Whatever you plan to buy, price research is important.
4. Dont bid on anything you know nothing about, its can be fatal.
5. Make sure that you are only paying at least one third of the actual retail value.
6. Stick to your budget at auction, its easy to get carried away when bidding.
An example: buy for £10, retail at currys for £60, you sell for £30, and people will snap your hands off. Sell for £50 and you will be lucky to sell any, people want a bargain, brand new, boxed and unused.
Remember these simple steps and you cant go wrong.
Starting a business online is the ultimate dream for some people, actually owning a dot com, starting up on a budget of a few hundred pounds and selling in two years for Zillions.
Well maybe not everyone can do this and very few have but there is still room for money to be made by budding internet entrepreneurs.
The thing is you will keep hearing of another internet company selling to some other internet company for 185 Billion or something, started by John Smith in his bedroom at the age of 10.
You can be next, anyone can be next.
Remember the PIXEL guy from the UK who was sat in his bedroom one day, bored and looking to make money for his university education? He decided to design a website and sell the space on it for advertising pixel by pixel, it was call ed the Million Dollar Website.
You have to give respect to the guy he wanted to make a million pound from selling advertising space on his un-heard of website, well it was unheard of until the national news and TV heard what he planned to do, in no time at all everyone was curious and logged on to his site, pixels sold like mad and he made his million within weeks not months as he originally planned.
Now if a young guy like this can think of something like that, then what’s the problem with making money online yourself, get thinking…
This article was written and published by Andy Greenhalgh The owner of AGTC Business Websoltuions, the specialist in business & ecommerce website design
Email: andy@agtc.co.uk
Web: http://www.agtc.co.uk
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