If your business is not using ebay and other internet auctions, you could be missing out. Here are just few ways of generating additional income, profits and cash flow from internet auctions.
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1. Covert Excess Access To Cash
Sell products or business items that you no longer use.for example, are there slow moving inventory items in your shop? A major camera store chains sell their slow movers quite successfully through eBay.
2. Buy And Sell Anything
Sometimes people put things out in the garage because the don’t need them anymore and don’t know anyone who could use them.you can successfully sell some of these items through internet auctions.
3. Drop Shipping
There are suppliers who will shop one item at a time for you.you don’t have to stock any inventory, you simply pay your drop ship suppler part of the money you received from your auctions sale.they will ship the product directly to your customers.
4. Self Publishing
Do you have expertise INA specialized area of interest to people? Then you could publish your own information product. A very popular format for self publishing is the electronic book ( eBook). Some of which are free reading available on the internet, when people buy your eBook they download it from your website or receive it through email. You can sell it on eBay or other internet auctions sites.
5. Reprint And Resell Rights
You may not want to produce your own information product presently. You may already have an informative product, but would like to supplement your income with additional related product offsprings. This is where you reprint and resale right come in. In addition to selling these product on your website, you can use internet auctions to create extra sales, which can create additional traffic to your website.
6. Sell Your Services
Do you design logos or website, do you sell consulting or other services, these can be successfully sold through eBay and other auctions sites.
7. Run An EBay Consignment Shop
People who don’t have computer or who don’t use eBay, you could sell a consignment basis for them, taking a commission on the successful sale,you will need to charge for advertising expenses incurred,such as eBay listing and selling fees.
8. Promote Affiliate Programs Through Auctions
Some affiliate program have brandable eBook that contains your affiliate link, when people order for the eBook that they bought from your online auctions, you get credit for the sell,as well as some of these purchssers may sign up as affiliate, earning you additional commission
9. Supply From Online Auctions
During the gold rush days. It is said that those who sold pricks and shovels were most likely to make money than those pinning. Similarly, since there is such a big markeot 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, information products and other ways of packaging your knowledge can earn you additional income streams.
These are just a few ways you can profit from internet auctions
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