How do you start a new business?

e-Bay Selling Service/Trading Business

I’m crazy about my model trains so I’m constantly buying more pre-owned items on eBay. Often I’m buying from entrepreneurs who operate their own eBay selling business.

These eBay sellers take pictures of the items, set up the listings on eBay, and arrange for packing and shipping. They might charge sellers either a commission or a flat fee. Since they pay the seller only after a sale is made, they have no inventory and no downside risk if items don’t sell. So it’s an excellent, low-risk way to make good money. To start an eBay selling service, first try listing some of your own unwanted belongings. And then next expand to family, friends and friends of friends. To expand further start promoting your service with digital marketing.

A completely different eBay business is trading – in other words buying and selling items. The key to this is to develop some sort of specialty, learn the pricing and then buy cheap and sell at a fair market price.

A trading business might take some time to really master. So when you are starting be careful that you don’t overpay or tie up your money in slow selling products. That being said, you can make a lot of money trading items on eBay. For example one of my friend’s sons made enough money trading items on eBay while in high school to pay his entire college tuition to Bentley College – and that’s a four year private college where the tuition is no bargain!