Can you really start a profitable eBay business with less than £50? Yes, you can and in today’s blog post I’ll guide you through the exact system you can use to create a real business on eBay with a tiny starting budget!
Quite often I get emails from people who want to start selling on eBay but they’re out of cash. Literally. People who have lost their jobs or students who are simply students! I almost always recommend that they start with the Used Goods concept as that’s the only business model on eBay where you can turn a decent profit WITHOUT investing huge amounts of money buying wholesale stock.
If your budget is at least £500, I recommend you check out these two concepts instead:
But if your budget is smaller than that, stick with me as in this guide you’ll learn exactly how to start selling on eBay and more importantly – make profit from day one!
We’ll get into more detail on how this concept works in a minute, but for now let’s just get clear on what you’ll need to run this system:
- An eBay account
- A PayPal account (if you haven’t done so already, you need to upgrade to a Premier account)
- £50 (you can start with less, but £50-£100 is ideal)
- 1-2 hours a day to spend on this project (or more if you like!)
Basically that’s all you need to make this work!
If you’re totally new to eBay and your account has no feedback, I recommend you get some feedback before you start selling anything. People are very wary of buying anything from an account with 0 feedback! It’s really not worth it to start selling with 0 feedbacks when you can easily get 5-10 feedbacks in a few hours’ time.
The easiest way to get this done is by buying some cheap stuff on eBay in the first place. I’m talking about £0.99 items with free shipping. Just make 5-10 purchases and get your first 5-10 feedbacks.
You can purchase some presents, household goods OR even stuff you’ll need for your business. For example: paper, shipping labels, envelopes or jiffy bags – all in small quantities just to get you going. I’d say 5 feedbacks is the minimum to start selling but if you can stretch it to 10, that would be much better.
Many sellers will leave automated feedback when you make payment OR when you leave positive feedback for the seller. So what you want to do is simply buy the item, make payment and leave positive feedback straight away. In the vast majority of cases you’ll get positive feedback automatically. [Read more…]