Tonight I'll talk about How to Make Money on eBay.
There's many strategies and methodologies for making money on eBay.
We're gonna touch on a couple tonight.
We do these presentations every 6 to 8 weeks.
And we do different methodologies,
because 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
because 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've not done it right.
And I bet you and I learn from those kind of mistakes
• New products versus used products
• And where to find products to sell
• Again interactive
So if you have any questions at anytime, please ask.
Who am I? Basicaly im just an Ebay seller
I started Ebay in 1999
went full time with my wife in 2005,
and we've been full time ever since.
I thus enjoy, buying and selling in Ebay
and I love learning new strategies
Strategies is what excites me,
building the business excites me,
running them doesn't excite me.
I like to outsource my labor to do all that kind of stuff
that I get bored, if I get to do something for too long.
I learn, enjoy learning new strategies.
We used to be based in Sydney
We now live 4 hours out of Sydney
We live in a farm, 4 hours north.
So it's, we don't ship anything from our place
with no staff in our place.
And so, and you can do that.
And that's what I'll show you guys,how to do it.
So, what is eBay?
Basically, it's just a $17 billion market place,
its an e-commerce place ,
its a place to buy and sell items.
Here in Australia, we don't have Amazon,
even though next week Amazon is comming
and we're going to co-host an event.
Amazon is actually flying in on Thursday
and they're going to do a talk for all of us.
And I highly recommend that you come along.
because the last time it has less than 10 seats available.
So if you hsven't RSVP'd come along, because it's going to be a great talk.
(Man saying)There were seats at 3 o'clock this afternoon, 25
There you go
So if you haven't RSVP'd 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
eBay just happens to be the biggest on Australia.
• It allows you to work from home.
• You can run it anywhere in the world.
We've run it from tents
You can run it from cruise ships
And say we live around the bush,
We've got a hundred acre farm,
you can literaly run it anywhere you want as long as there is internet.
• You can 99% automate it,
You can run staff which cost $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 "3PL"
or 3rd party logistic companies,
so you don't have to do that.
• Use $2 an hour staff, $5 an hour staff
$5 an hour gives you the experts
$100 an hour work is the minimum all you guys should be doing
I won't do anything, unless it's a $100 an hour work.
Even though I get sucked in to doing the crappy stuff
and then I realise "Oh my God! I'm doing it again."
And a $1000 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 we do get the great ideas?
It's not normally when you're working,
it's when you're on holidays,
you're in the shower
you're doing something else.
My hobby in life is flying radio control 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.
That's where I get good ideas
Alright
• You can build in your spare time.
As i have mentioned, a $17 billion market place
There's a 162 million active eBay users worldwide,
so it's just a big, big market place.
• Zero set-up costs
• Flexible hours
• Access to over 162 million customers worldwide from your PC
Once you hit 40, your eye sight really go downhill, please better read that really well.
• Ok, can grow to any size
• Unlimited products
Went to China, literally up the road
we can buy as much stuff we want from there.
• There's no office fit out costs.
To fit out, you know a basic restaurant, 150 grand minimum.
• E-commerce is the largest growth market on the planet.
• There's no royalties, no franchise fees, but there is eBay fees
• Low operating costs
• No office or store to rent
• And with the staff, there's no superannuation.
Work is calm, you know, all the great fun stuff.
If anyone hears employed staff,
you know the head aches that go with it,
there's a lot of head aches
• You're your own boss
• There's a lot of good tax benefits
• No website
• You can sell the businesses for capital
• No social media
• No PPC (Pay Per Click advetising)
• You can be a hobby business or professional
Does anyone know what a hobby business or a professional one is?
(Man answers) Tax rebates for a start
Yep, that's one.
And also, a professional business makes a minimum,
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 about, all about us after we hit 10 grand.
Once you hit 10 grand that goes through your Paypal account,
they know all about us.
So, we're not gonna 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 each leaf is simply a product that makes money.
Each leaf is actually a business,
I think of them as a business.
It's one product that sells consistently over and over.
By the way, we sell only new items
Used items of course, you can only buy one.
Sell it! Gone!
So we don't do that.
We sell new items, so we can sell the same one over and over and over.
Does anyone have any questions so far on this?