Archive for August, 2008

Success With Product Sourcing For Ebay – Guts Or Glory

Monday, August 18th, 2008

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Do you have the guts to try Ebay selling using product sourcing for Ebay? Do you have the guts to stick with it, through the initial failures, until you start turning a healthy profit? Many people have successfully made their living using this method, but many have also failed. One important reason that people fail when selling on Ebay is that they cannot take risks.

Those who fail on Ebay see their sales hot today, limping tomorrow, and panic and quit the field. They fail to take the long view. Successful sellers, on the other hand, look at their rolling 3-month or 6-month profits, and evaluate their progress accordingly.

If they see healthy profits, they will stick with their current product sourcing for Ebay partner. If not, they will find a wholesale dropship supply partner who offers a better deal. Simple as that.

This is how a successful Ebay seller thinks:

  • $500 of profit a month from 5 hours of work a week – good. Stick with this wholesaler.
  • $600 of profit a month from 10 hours of work a week. Is it the product, or the wholesaler? Let’s diversify first, then re-evaluate the situation.
  • $1000 of profit a month from 50 hours of work a week. Not worth it. Dump this product and vendor, and find another product to sell on Ebay.
  • Rinse and repeat until he has a successful portfolio of products selling on Ebay.

A simple calculation, with no need to involve your emotions.

Take the long view, and click here to learn how you can make a living using product sourcing for Ebay.


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