When in a Quandary... Where do You Start?
Question: Do you recommend selling on
eBay as a business, or should I follow what you do? At this point, I'm in a
quandary of where to start. Do I try eBay, or do what you do with AdSense and
affiliate programs. Please advise. Thank you.
Answer: There are several ebooks and courses on how
to become successful with eBay. It means that you'll need access to physical or
digital products, which you'll need to buy or create, and then sell for a
profit.
It's not much different than
running a brick and mortar business. You buy something from a wholesaler or
manufacturer at a low price, mark it up, and sell it at a higher retail price.
Usually it means packing and shipping the products, unless you hire a
drop-shipping company to do the work for
you.
The best eBay model is with
something that you create yourself. That way, there's an unlimited supply, and
you can keep all the markup associated with the
product.
I would stay away from AdSense
as your primary source of revenue. It's not as lucrative as it used to be,
unless you're really good at building content sites. But it still makes a good
third or fourth ancillary revenue stream for most
people.
The most important thing you can
do, is build up a readership. Your subscribers will become your most important
business asset.
Start small and write as
with as much enthusiasm and energy as possible. If you truly have something to
say, there are people that need to hear it. And if you can serve a small
following, a large following will develop naturally as a
result.
There's also creating your own
products. Developing web properties. Selling physical goods. Buying and selling
domain names. AdSense revenue from content sites. And of course my personal
favorite, affiliate programs.
So my
recommendation, would be to go with affiliate programs. It's easier to make a
living with them than eBay. The payouts are much larger, and you don't need as
many web sites to generate the same revenue as AdSense.
Just put up some web sites on something
that you love to do. If you're truly passionate about something, you'll never
get tired of doing it, or talking about it. Do whatever comes naturally to you,
something that you enjoy, and it will always give back to you, way more than you
put into it.
Posted: Wed - October 18, 2006 at 04:35 PM