When people first heard about Ebay, it seemed like a dream come true. For just a couple of bucks, you could list all your old stuff online and clean out that garage or attic without having bargain hunters invade your property. Small business owners also discovered Ebay and found that it was a great way to move items that weren’t flying off
shelves. Artists and specialty item sellers found a home at online auction site and a worldwide audience of potential buyers looking for just what they are selling. Entrepreneurs took whole thing, ran with it and created some very successful businesses within a business.Just when it seemed that Ebay was a dream comes true for almost anyone selling stuff, website just got too big. All of a sudden, people found themselves paying huge fees for a featured listing. Without a featured listing in correct category, you were just another seller among millions. Such listing fees often ate up most of any potential profits to be made and offered no actual promise of success. Today, it seems that creating a listing on Ebay and paying requested listing fees is akin to dropping coins into a slot machine. Welcome to world of trying to make money online!
Most people laugh about web-based get rich quick schemes, but there is no place to make or lose money faster, except maybe stock market. For better or worse, nature of anything web-based is to get in on ground floor, make your money and get out before too many others join party. Anyone who banks long term on web tends to lose. Just ask any of once highly touted online marketing websites. The problem is that when they lose, they tend to take many people with them.
There is no doubt that anyone who has a legitimate item to sell needs to have it available online. The question is, “How much are you willing to spend to become an Ebay Power Seller, get a high sales ranking on Amazon or be listed somewhere in top twenty on search engines?” Whether you have a personal website or depend on some mega-shopping website to get your item out there, it’s going to cost you some bucks to bring people to your product. So before you quit your day job and get ready to rack in all those big web bucks, make sure it will be worth your while.
Getting a product noticed on web can be a very expensive lesson. More then a few online merchants invested all their efforts in one online marketing plan, made money and then lost big. Others never even made it out of starting gate. Here are some simple ways to avoid complete online financial failure:
1. Never put all your eggs in one online shopping basket.
Do not depend on one website, one submission program or service, one e-shopping mega-listing site or one payment method for your online income.
2. Avoid digital products unless you’re an expert.
Don’t be taken in by reselling schemes to market useless reports. If you have life experience in a particular industry or expertise that others may be able to profit from, use it to your advantage. Create and market an ebook. Before you do, research procedure, expected cost and profit potential.
