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Anyone Can Make Money With Online Auctions

Aug 17, 2007
Earning money from online auctions is one of the best ways to get started with your own home based business. It's one of the easiest home businesses to start, maintain, and earn a profit with. In fact almost anyone can do it, even teenagers! The concept is simple; buy a product cheap and sell it for a higher price. Think of it like having a neighborhood yards sale, you can sell old items that are just laying around the house or forgotten about in your attic. You can find unused items from your neighbors and friends, or buy a product online for cheap.

Does that mean that anyone can make money online? Well, yes in fact over $44.3 billion in gross merchandise has been sold through eBay last year alone. If you consider all of the other online auction sites like Half.com, uBid.com, ShopGoodWill.com etc. you can imagine why making money with online auctions has quickly become one of the most profitable business models available.

So, ask yourself this question; "How would you like to earn over $27,000 this year working from home"? Sounds pretty good right? O. K. now consider that $27,500 per year is only 0.001% of the $27.5 Billion sold through PayPal using eBay last year. While it's important to set realistic goals, be sure not to "sell" yourself short. Imagine making 0.01% of that $27.5 Billion. That equals $275,000 per year and that is only 0.01% of the online auction sales.

So, how can you start making money with online auctions? Well, the first step is to realize that the only person that can make it happen is you. Once you are motivated to start making money with auctions, read as much information as you can. The more you know the more money you will make.

For the purpose of keeping the business concept simple, we will concentrate only on eBay (the largest online auction site). However, as you become more proficient in online auctions be sure to expand your arena and try some other online auctions as well.

What you will need to get started:

1. A credit card, debit card, or other pre-paid card
2. Computer and Internet Access
3. Product - Buy low and sell high
4. A few hours a day
5. A quite work environment

If you are not familiar with eBay, now would be a good time to go look at their site. It's easy to understand even though at first glance in may appear a little cluttered. You can sell anything you can imagine here. For example, a couple from Colorado recently sold real snow from the last snow storm. So, your imagination is your only limitation and remember that one person's junk is another person's treasure.

Obviously, getting the product at a low price and selling for a high price is the "meat and potatoes" of this business and is also the most complicated part. There are a number of wholesale warehouse that sell items for the specific purpose of allowing you to resell the products on online auctions. Often you can find items for sale with up to an 80% discount. Simply do a search using your favorite search engine for "wholesale products" or "discounted products" and you will be well on your way to making money.

If you need a little hand holding you might want to try Bid Fuel. Bid Fuel is a website that has an exclusive members only drop ship warehouse and ebay auction template wizard.
About the Author
Joshua Watson is the author of How To Guides , Make Money Online Auction and Personal Finance Credit Help . If you like this article, please take a look at the other sites and share your feedback.
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