Fund is an essential consideration on starting business.How different eBay is, it would let you make money by few investment. I do not intend to share with you under the condition of circulating fund and abundant good supplies. So many people would ask that how to start it when they undergo fund shortage.
Ten thousands? One thousand? No! You can do it even few hundreds.
Online design agency - Mr. Wong Tin Chi, who is the founder of anyidea.com, revealed that he just invested hundreds dollars few years ago.
There are many factors that make you succeed. Fund shortage is not the main obstacle for starting your business.
The best way is to focus on those seasonal hot items when you are really experiencing since you do not have to consider demands. Those tools provided by eBay are not enough for searching which kind of items are popular.
The following tools could help you to search hot items by keywords in eBay categories instantly.
http://pulse.ebay.com/
For understanding which kind of items ebayers are interested by hot keywords.
http://www.goofbay.com/
Functional, highly recommended.
This tool could also show you the total quantity sold and any referable datas.
After focusing those items that you deemed to be confident, please do the followings first:
1. Review how many item quantities your fund could support, and further how long it could support if they were being sold continuely.
2. The weight and the size included packing do affect the shipping and your profit.
After that we need to find good supplies. Any online resources such as Taobao or Alibaba are also good choices but you have to be careful on credits. In order to get lower price, you would lose everything most at this moment if not see the forest for the trees. I suggest you to go to Shenzhen wholesale market.
It is better to focus on 2-3 kinds of items and thus try to get advantageous cost. Of course it is not an easy job, especially fighting for lower cost. It is essential to visit some online wholesale sites which are public for searching the market standards, and further compare with your competitors if it is advantaged.
The law under the condition of same items in eBay: Lower price + Top rated seller = Sold more
Certainly it is a short plan. You could not extend it, and for the most part your competitors would reduce the price when they were being threatened after all. Basically, it is not a good idea for a long fight. You shall change your target constantly until you get more abundant money and feedback.
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http://stephenbaby-ebayeng.blogspot.com/2011/08/ten-hints-for-ebay-business-fund.html
