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Why Doing Your Ebay Research Can Pay Huge Dividends

Jan 22, 2008
You probably heard this way too many times as a child, but doing your ebay homework or ebay research if you like is one of the best tips that highly successful people like Internet marketer and businessman, Dale Calvert can offer.

Do your homework and research on eBay.Also spend a couple of hours at local auctions every weekend. These are his top tips for making the kind of money that could end up allowing you to give up your day job faster than you might imagine.

Now, according to Calvert, a lot of us make a mistake about eBay. We think of it as a place to market mainstream stuff and in so doing we get swept up in a current of competition that may just eat us alive.

Let us not forget eBay began as an antique and collectibles market. That's the true foundation of eBay not a glorified Walmart.

To be a serious player in the antiques and collectibles markets you have to have your head screwed on right, do your research and have your finger on the pulse both on and off line.

When Dale Calvert went to his local auction house he was able to pick up a 1898 Harpers Review which his research and knowledge told him was worth buying.This knowledge giving him a massive advantage over those less well informed.

He did his homework by checking on eBay and saw that it had sold for $500. With that knowledge neatly tucked into his brain he headed for the auction. He bought the book for $40 and sold it for $480 within the week.

On another visit to an auction house he was able to buy some presentation screens which he picked up for only $225 and managed to flip them using ebay for a $1500 pay day. Nice work if you can get it!

Think smart not hard is great way of making money even a few thousand dollars a month is quite possible.It's not that hard but few understand the idea at all. Keep a eye of announcements in the local press for up and coming auctions.Check out the offers at their websites a few days before and then go to eBay and find those in demand gems people are looking for a how much they are prepared to pay.

Calvert has a little formula that is foolproof: he never bids higher than 50% of the eBay price for any item. That way he knows that he is guaranteed to double his money.

It's obvious really at local auction there are maybe at most 100 to 200 people with a fraction of that bidding so your market competition is so much lower.It is just sound business.

with fewer bidders the price is usually lower. But when you then put that same item in to the eBay market of possibly thousands accross the world the prices will rise accordingly assuming you really have found a bargain.

If you hang about in auction sale rooms and know your market on eBay you soon have a handle on this stuff. Don't be suprised to find that people collect almost anything from beer mats to antiques and once you recognise the valuable from the junk your income will grow rapidly.
About the Author
When buying anything anything on eBay, first read Graham Waite's' stunning free report eBay Secret Reports full of top ref='http://www.auctionwealthsecrets.com/'>auction sites money making tips, and auction sites buying advice Plus more great eBay information, tips and techniques.
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