May 3, 2016 by Andrew Minalto - 378 Comments

How to Start a Profitable eBay Business With £50!

start-ebay-business

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:

  1. An eBay account
  2. A PayPal account (if you haven’t done so already, you need to upgrade to a Premier account)
  3. £50 (you can start with less, but £50-£100 is ideal)
  4. 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. (more…)

July 4, 2011 by Andrew Minalto - 0 Comments

How to Make Money on eBay with £20?

Everyone wants to make loads of money. Everyone.

But very few people actually have what it takes to make kind of money they’re dreaming about. Usually it’s lack of knowledge, lack of experience and lack of working capital. Yes, somehow, most people associate term “online business” with “low entry level business” which very often is a true assumption by the way. These days you can start making money online literary in minutes, using sites like Fiverr.com as an example.

But here’s the thing with selling physical goods online – you have to have appropriate buying power to succeed. And this is something many newbies do not realize wasting years on chasing unreal wholesale deals.

Just like Ciaran in today’s CWA post, there’s nothing wrong with starting your very own eBay business, even if you have just 20 quid to invest. Just make sure you choose the right strategy!

Read more on How to Start an eBay Business with £20.