Auction Articles & Information
about Auction Industry
How to
Make Money from Internet Auctions?
Author:
J. Stephen Pope
Posted on: July 07 2005
If your business is not
using Ebay
and other Internet auctions, you could be missing out. Here are just a
few ways of generating additional income, profits and cashflow from
online auctions.
1. Convert Excess
Assets to Cash
Sell personal or business
items that you no longer use. For example, are there slow moving
inventory items in your store? A major camera store chain sells their
slow movers, quite successfully, through eBay.
2. Buy and Sell
Anything
Sometimes people put
things out in the garbage because they don`t need them anymore and
don`t know anyone who could use them. You can successfully sell some
of these items by Internet auction.
As well, if you pick up
bargains from garage sales, flea markets, importers, wholesalers,
closeout dealers or other sources, these items can also be sold
through online auctions
3. Drop Shipping
There are suppliers who
will ship one item at a time for you. You don`t have to stock any
inventory. You simply pay your dropship supplier out of the money you
receive from your auction sale. They will ship the product directly to
your customer.
For further information
about drop shipping, visit: http://www.yenommarketinginc.com/dropship.html
4. Self-Publishing
Do you have expertise in a
specialized area of interest to people? Then, you could publish your
own information product.
A very popular format for
self-publishing information products is the electronic book (or
e-book). E-book compilers, some of which are free, are readily
available on the Internet. When people buy your e-book, they can
download it from your website or receive it by e-mail.
You could sell such
self-published information products on eBay and other Internet auction
sites. Incidentally, online auctions are an inexpensive method of
testing the market for your information (or other) products.
For further information
about self-publishing, visit: http://www.yenommarketinginc.com/selfpub.html
5. Reprint and Resale
Rights
You may not want to
produce your own information products presently. Or, perhaps, you may
already have an information product, but would like to supplement your
income with additional, related product offerings. This is where
reprint and resale rights come in.
You can buy the rights to
reprint or resell excellent information products created by other
people. Some of these rights are inexpensive.
In addition to selling
these products from your own website, you can use Internet auctions to
create extra sales. Another advantage of online auctions is that they
can create additional traffic for your website.
For further information
about reprint and resale rights, visit http://www.yenommarketinginc.com/instantpub.html
6. Sell Your Services
Do you design logos or
websites? Do you sell consulting or other services? These, also, can
be successfully sold through eBay and other auction sites.
7. Run an eBay
Consignment Shop
There are still people who
don`t have a computer or who don`t use eBay. You could sell on a
consignment basis for them, taking a commission on the successful
sale. You would need to charge for advertising expenses incurred, such
as eBay listing and selling fees.
8. Promote Affiliate
Programs through Auctions
Some affiliate programs
have brandable e-books that contain your affiliate link. When people
order from the e-book that they bought from your online auction, you
get credit for the sale. As well, some of those purchasers may sign up
as affiliates, earning you additional commissions.
Some of these e-books have
valuable information that is worth the nominal value you would sell it
for on eBay. In other cases, such an e-book is readily available for
free. In this latter case, you might consider selling another related
product and offer the e-book as a free bonus.
For further information
about affiliate programs, visit http://www.yenommarketinginc.com/affiliate.html
9. Supply Fellow Online
Auctioneers
During the gold rush days,
it is said that those who sold picks and shovels were more likely to
make money than those panning for gold. Similarly, since there is such
a big market for online auctions, you can make money supplying eBayers
with information and auction tools to help them start and grow their
own online auction business.
10. Internet Auction
Consulting
As you gain experience and
expertise in online auctions, you might consider charging for your
knowledge.
Consulting services,
seminars, information products and other ways of packaging your
knowledge can earn you additional income streams.
