- Alright, So tonight's all about how
to make money on eBay.
There's many strategies and methodologies
for making money on eBay.
We're going to touch on a couple tonight.
We do this presentations every six to eight weeks
and we do it different methodologies
'cause there's multiple methodologies to make money on eBay.
Topics tonight, where to download these slides,
so you don't have to write everything down,
you can download these slides for free.
Back to basics, the different methodologies I mentioned.
Keywords, 'cause keywords
most people think they know what keywords are,
there's a lot more to it.
The title, categories, how to buy cheap.
So tonight we're going to focus on this,
how to buy cheap by learning lessons
from other eBay sellers who have not done it right.
You and I learn from those kind of mistakes.
New products versus used products
and where to find products to sell.
Again, interactive, so again any questions at any time,
please ask.
Who am I?
Basically I'm just an eBay seller.
I started eBay in 1999,
went full time with my wife in 2005
and we have been full time ever since.
I just enjoy buying and selling on eBay
and I love learning these strategies.
Strategy is what excites me,
building the businesses excites me,
running them doesn't excite me,
I like to outsource my labor to do all that kind of stuff,
I get bored if I have to do something for too long.
I enjoy learning new strategies.
We used to be based in Sydney,
we now live four hours out of Sydney.
We live on a farm, four hours north.
We don't ship anything from our place
with no staff in our place and you can do that.
And that's what I'll show you guys how to do.
So, what is eBay?
Basically, it's just a $17 billion market place.
It's an e-commerce place.
It's a place of buying and sell items.
Here in Australia, we don't have Amazon,
even though next week Amazon's coming
and we're going to co-host an event.
Amazon's actually flying in on Thursday,
and they're going to do a talk for all of us.
and I highly recommend you come along
'cause last time there was less than ten seats
available so if you haven't RSVPed, come along
'cause it's going to be a great talk.
- [Participant] There were six of thirty calls
this afternoon, sorry five.
- There you go.
So if you haven't RSVPed yet, you're running out of time.
So eBay is basically just one place to sell stuff.
I don't just love eBay, we sell on other platforms
but eBay just happens to be the biggest in Australia.
It allows you to work from home,
you can run it from legit anywhere in the world.
We've run it from tents,
you can run it from cruise ships.
So, we live out in the bush,
we live on a hundred acre farm.
You can literally run it anywhere you want
as long as there's internet.
You can 99% automate it.
You can run staff which costs $2 an hour,
we're currently running 18 of them.
You can use no local staff.
You can outsource your packing
to what we call three pill or third
pile logistics companies so you
don't even have to that.
Use two dollar an hour staff, five
dollar an hour staff, five dollars
an hour gets you the experts.
100 dollar an hour work is the
minimum that all you guys should be doing.
I won't do anything unless it's
100 dollar an hour work, even though
I do get sucked into doing all the
crappy stuff and then I realize
Oh my god I'm doing it again.
And the 1000 dollar an hour work is
the stuff we do when we're not
at work, it's when we get the
great ideas. Like if you think
back through your life when do
you get the great ideas?
It's not normally when you're working.
It's when you're on holidays, in the
shower, you're doing something else.
My hobby in life is flying radio
controlled planes and I get a lot of great
ideas then and I don't think about
work, it's the last thing I think about.
But I still get good ideas.
Alright, you can build it in your spare time.
As I mentioned 17 billion dollar marketplace.
There's 162 million active eBay users worldwide.
So it's just a big, big marketplace.
Zero setup costs, flexible hours.
Access to over 162 million customers
worldwide from your pc.
Once you hit 40 your eyes really go downhill.
He's read that really well.
Okay, can grow to any size, unlimited products.
China is literally up the road,
we can buy as much stuff as we want from there.
There's no office fit out costs.
To fit out a basic restaurant 150 grand minimum.
E-commerce is the largest growth
market on the planet, there's no royalties
or franchise fees, but there is eBay fees.
Low operating costs, no office or store to rent.
And with staff there's not all that
super annuation, workers comp you know
all the great fun stuff, you know if
anyone here has employed staff
you know about the headaches that
go with it, there's a lot of headaches.
Your own boss, there's a lot of great tax
benefits, no website, you can sell
the businesses for capital. No social
media, no ppc pay per click advertising
and it can be a hobby business or
professional does anyone know what the
difference between a hobby business
and a professional one is?
- [participant] Tax and profit for a start.
- Yep that's one. And also, a professional
business makes more than the award wage.
So if you're not making more than the
award wage, it's a hobby business.
Tax department knows all about us
after we hit ten grand, once you hit
ten grand through your paypal
account they know all about us.
So we're not going to go right into
this but basically an eBay business
is all about a tree, each tree
being a product. The bigger the
business, the more leaves it has.
So if you can picture each leaf
is simply a product that makes money.
Each leaf is actually a business.
I think of 'em as a business.
One product that sells consistently
over and over. By the way we sell
only new items, so used items of course
you go buy one, sell it, gone.
So we don't do that, we just sell new
items where you can sell the same one
over and over and over.
Does anyone have any questions so far on this?
(upbeat folk music)