Who would ever have thought that eBay would become such a household name˳ eBay is not only the biggest auction site, but also the biggest marketplace in the world and their worldwide presence is unrivalled by any other website˳ eBay managed to built itself a reputation the world over as the place to come and find whatever you may be looking for˳ Regardless of what it is – somewhere in the world someone will sell it˳ Along with this reputation, eBay managed to do what ruined many of the early e-commerce sites, which was to build trust and confidence amongst their customers˳ On Ebay, people are willing to spend and the confidence they have in Ebay’s payment and delivery system is reflected in their sales˳ With this in mind, starting an eBay auction business can be a highly lucrative venture for you˳
One of the things that make eBay the success that they are, is that they offer virtually any person the opportunity to plug into their business˳ By opening your own eBay store you can get instant access to a huge client base – which is the very crux of doing business online˳
Many entrepreneurs starting their own online businesses fail by not attracting enough customers to their website˳ Competition online can be fierce and website traffic has become a commodity˳ By starting your own eBay auction business you can eliminate this problem to a large extent˳ Starting your own eBay store is incredibly simple and inexpensive and you can just plug into Ebay’s proven payment system without any difficulty or lengthy application and approval processes˳
If this sounds too easy then hold your horses˳ Anybody who owns and runs a store can tell you the one simple truth: it’s hard work! Running your own eBay store is no different and along with success can come a lot more ‘hassle’˳ Dealing with customer issues, inventory and shipping orders can soon become a full time job˳ Although the profit potential is big, 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˳
There is a slight twist on the theme though and out of the frustration of dealing with al the typical hassles that comes with owning a store, many entrepreneurs turned to affiliate marketing˳ Affiliate marketing became popular in the mid 90’s and to this day it forms a huge part of online businesses and websites like Amazon rely almost entirely on affiliates˳ The fact that eBay offers a very generous affiliate commission on the sale of products 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 actually selling anything˳ By simply promoting certain products in your ‘virtual storefront’ you can direct customers to the most appropriate products and earn a commission for the sales that result from your referral˳ Although the profit margins are a lot smaller than if you were to run your own eBay store, the amount of work is a lot less˳ In fact, you can set your affiliate eBay store on autopilot and pretty much let it run itself while you keep earning commissions˳
Residual income is a very powerful concept and one that the internet absolutely allows you to plug into˳ Most people today earn ‘linier income’ which means that they exchange time for money˳ Residual income on the other hand means that you do work once and it continues to work for you and earn money for you˳ This is the realm of the rich and with the internet it is within your reach˳
The idea however, is to not be enslaved by a job you hate and to create the life you desire˳ Regardless of your preferences you can make money from home and with an eBay auction business anyone can do it˳ Whether you sell your own products or whether you sell other people’s products, eBay offers you the opportunity˳ It’s all a matter of taking action and making it work for you˳
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