- Hi guys, Neil Waterhouse, this week's video
is about how to sell on eBay for beginners in 2021
and what they don't tell you.
I've been selling on eBay for over 20 years
and I'm also the author of bestseller
"Million Dollar eBay Business From Home."
The reason for this week's video is I get so many questions
from beginners asking how they should start.
Should they sell used items?
New items, should they dropship?
Should they do retail arbitrage?
Or should they source products locally from places
like thrift stores, Facebook marketplaces, Gumtree,
garage sales, or should they import using sites
like Ali Express, Alibaba, et cetera?
So this week's video is all about narrowing it down for you.
So you can get clarity and start your online journey
at exactly the right point and not waste time
like so many people do learning the wrong strategy.
Now, before I get started, make sure you subscribe
and turn on the notifications to my channel,
because I post videos just like this every week
showing how anyone can make a full-time living
from their home, using eBay and Amazon,
using less than $100.
And you don't want to miss the videos.
So let's launch straight into it.
Now everyone's different, with different goals.
Some people want to build a hobby size business
which makes less than the award wage,
other people want to replace their full-time income
with an online home-based business.
There's no right or wrong.
Everybody's different with different goals.
As you will see everything I do
and everything I teach is all step-by-step.
And every link I share with you in this video
is for free with no affiliate kickbacks.
I've been selling on eBay for over 20 years
and teaching people how to sell on eBay for over 15 years.
But all I'm most proud of is my students
have sold over $1 billion.
I'll share links where you can watch the 1/4
case studies from my students who have built six
and seven digit businesses from scratch.
As you probably know, there are many different strategies
for selling and making money on eBay.
Step one is to figure out exactly
which strategy suits you best.
As a host and founder of the four largest eBay
and Amazon meetup groups in Australia,
I get to see inside not just our own businesses,
but also inside many of the other members' businesses,
so I get to see which latest strategies are working best.
To any eBay newbies watching this video,
let's keep it really simple.
Now, eBay is simply a marketplace where you can sell items.
And you make money of course, by selling items for more
than you pay for them, including eBay fees and PayPal fees.
eBay allows you to sell used items and new items.
It's purely up to you, whether you wish to sell new items
or used items, or both.
Personally though, I prefer to sell new items
for many reasons as I'll show you in this video,
but it's purely up to you.
Now, selling online for me,
it's always been about lifestyle first,
that is build an eBay business that makes money by itself,
24/7, 365, without you.
You know, I learned long time ago,
you should put an exit strategy in.
So always pretend you're going to sell the business.
And if you build a business, how are you going to sell it?
You've got to make it run completely without you.
And that just makes your business that runs completely
without you, which means you have a life.
Now, let me show you why we prefer to sell new items.
When I started off selling on eBay, over 20 years ago,
the first item I ever sold
was a used rusty Sidchrome socket set.
From there, I moved on to sourcing used items
from garage sales, thrift shops, car boot sales, et cetera.
But the big problem with that was
it is nearly impossible to automate.
You're the one driving around on your weekends
and at night picking up inventory.
And if you've got a family like I did, you know,
this can be very challenging.
The whole idea of an online business for me is lifestyle.
It's all about building a fully automated business
so you've got time during the week and the weekends
and night to do those things that we want to do.
With used items you're continuously out and about driving
to garage sales, thrift shops, people's houses,
if you've bought stuff, say on Facebook marketplaces
or Gumtree, and then you've also got to come home
and photograph and write ad copy for every single use item.
Whereas with new items,
you can sell the same item over and over again.
Now, if you enjoy continually sourcing used items,
awesome, but personally,
I prefer automation where the business runs 99%
of the time by itself without you.
And that's done using automation software
at low cost overseas, virtual assistants,
which you can get from $1 per hour.
And I'll put a link on the screen to a previous week's video
that shows where you can get overseas virtual assistance
from $1 per hour, if you want more information about that.
Now, other popular places to source used items
is Facebook marketplaces,
and if you live in Australia, Gumtree.
And of course, the other big problem these days
with driving around to different people's houses
and thrift stores, of course, is COVID-19 or lockdowns.
If you do wish to sell used items though,
I have a complete free in-depth course
from previous week's video,
and I'll put a link on the screen at the end of this video.
The ability to automate is why I love new items.
Now, if you want to sell new items,
the first thing you need to ask yourself is how much money
if any, are you willing to spend on inventory?
This is what used to stop a lot of people in their tracks,
but the good news today is you can build
a seven-digit business using less than $100
as I'll show you.
You simply couldn't do that just five years ago,
we simply just didn't have the technology.
Now, back when I started importing over 30 years ago,
I had to find all sorts of credit ways
to pay for containers of goods, you know,
around an average of container back in those days
was 50 grand up for haul 20 foot container.
Of course, it depends on what you get,
you know, if you got something like canoes,
it doesn't cost much to fill a 20 foot container.
If you got something smaller, it goes up and up.
But anyway, let's get back on track.
You know, you can literally build a seven-digit
business today using less than $100 'cause I'll show you.
So the next step if you just want to build
a hobby sized business which makes less than the award wage
using used items, I'll also put a link on the screen
below to a free, complete step-by-step course.
If you want to import new items, again,
I'll put a link on the screen below
to another completely free step-by-step course
teaching how to import from scratch and how to sell on eBay.
If you want to build a seven-digit fully automated business,
selling new items from scratch using less than $100,
which is totally COVID compatible,
meaning you don't need to drive to other people's houses
or shops, again, the next step is I'll put the link
on the screen below to another free step-by-step course.
That's all for this week.
Please leave me a comment below and while you're there,
make sure you hit the subscribe button
to the no fluff channel that teaches how anyone
can make a full-time living from their home
using eBay and Amazon, using less than $100.
Until next week, stay safe.
Lease more, sell more, this is Neil Waterhouse.