Tips to earn long term passive income at eBay

By Tony Lam

  • SumoMe

 

Tips to earn long term passive income at eBay

Every body knows how to sell on eBay, but not every one can sustain the earning at eBay for a long term passive income. Some people will buy a lot of stock in the beginning hoping to sell well.  The sales soar for awhile, but eventually becomes stagnant, causing their stock to be stuck and unsold. Others spend too much time making a beautiful listing, but only getting a few sales a week which frustrates them and cause them to eventually give up.

I have spent almost two years and figuring out ways to earn regular income every month with limited amount of money and time. Here is the tips I learn :

#1 ) Set an achievable target and go for it with a burning desire.

First, you want to set a reasonable goal for you. If it’s you first time, don’t aim too high  (For beginners, I recommend a target of 50 positive feedback) If you don’t have regular income by selling eBay, set a goal to get average $100  a month with around $3 a day. The goal is to direct you to the destination and the driving force is your desire. Once you set up your model of selling, it will become your long term and passive income even while you are on vacation. It has flexible work hours, and once your credibility is built up to several thousand positive feedback, the sales will become easier than before.

#2) Focus on few items and consistently work on it every day without stop

I suggest you focus on five fast moving items with low price tag. You can make use of eBay’s 50 free auction listing with ‘Buy it Now’ option. Start with a simple listing, then tweet the title keywords, descriptions and selling price until the items are sold.  After you sell one item, relist it again.   By consistently working on the same few items, you will be familiar with the whole process of answering buyers’ questions, receiving  and printing orders, shipping, following up after sales. Make sure to do it everyday  so that you won’t loss the “passion” and forgot all the skills you acquired.  Your hard work will pave the foundation of the long term passive income in future.

#3) Keep up with new eBay requirements

It is critical to keep up with all the new requirements, changes or updates for eBay sellers. By following all the eBay Sellers’ requirements, it will get you the best possible position in Best Match, the eBay’s default sort order for search result. Therefore, spend some time to  read carefully through the emails from eBay for seasonal updates  e.g. eBay insider, eBay  Powerup and take necessary actions to align with the changes.

#4) Learn from other successful sellers

To be a successful eBayer is not easy because the market is always competitive.  I always read the feature stories of successful sellers at eBay power up. They will share how they develop and manage their business at eBay, with top tips for selling success. This is a proven way of success selling and save me a lot of time by trial and error.

Another tactic I used is reviewing the listing of the sold items and learn from them. It is to check the “completed listings” options under “show only” at the left sidebar of the best match search product list.

#5) Get encouragement and support from others who share the same goal

Working online can sometime seem lonely  because  you have no co-worker to talk to whenever you are frustrated by slow sales or unreasonable buyers. Therefore, it is better to have a support group with friends who encourage each other . I recommend you to  join some eBay seller blogs and keep in touch with the other sellers .

Category: Online Business


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