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Dip Your Toes in ‘The River’
and See How Amazon Can Help Grow Your eBay Business
I’m not a great believer in putting all
my eggs in one basket, even a wonderfully profitable basket like
eBay’s, and that’s why I’m always suggesting my readers seek
additional sources of income both on and off the Internet.
Probably no auction opportunity will
ever beat eBay in terms of money making potential, market coverage,
and sheer ease of use. You really can open an eBay selling
account and begin taking money from all over the world just a few
days later.
But once you understand how eBay works
and you’re making good money, you’ll find yourself constantly
seeking new products to sell at the site and testing new ideas for
growing your income. It can all get very boring and almost
certainly you’re looking in the exact same places as other eBay
sellers and effectively entering already competitive markets.
You need to think outside the box and look for suppliers very few
people know about, one being Amazon.com which most people think is
for selling direct to the public, not for buying stock as a
middleman. By seeking alternative buying venues, like Amazon,
and many more besides, you might also find useful places to promote
products that have lost their appeal on eBay.
But the real reason I’m suggesting you
check out other places to market online is not purely to buy or sell
in the traditional sense, but rather to use what’s known as
‘cross-auction arbitrage’ to send your income sky rocketing.
There’s another reason for what I’m
writing today and it concerns the chance of a product becoming very
popular on eBay and fetching high prices until other sellers enter
the picture and the market suddenly gets saturated and the product
is no longer profitable. Go to Amazon and elsewhere though,
check out similar products at the site, and often you’ll find
nothing similar available. So you can either use these
alternative venues to sell the product and capture the market until
saturation occurs, as it probably well, or you simply use these
sites to offload all the stock you acquired before a product fell
from popularity on eBay.
‘Cross-auction arbitrage’ is a process
of comparing various markets, comparing prices fetched for specific
products, and looking to buy inexpensively on one site and sell for
higher profits elsewhere. So you might find a product
currently fetching several hundred pound bids on eBay which is
available for instant purchase at a much lower price on another
site, like Amazon, for example. So you buy on Amazon, sell on
eBay, and vice versa.
I’ve been researching additional markets
for my products for quite some time now and I’ve come to the
conclusion that Amazon is probably the second best place to grow my
business, eBay remaining top of the pile. I’m adding the site to my
selling portfolio today, not as an alternative to eBay (that won’t
ever happen), but as a place to sell eBooks which are no longer
allowed on eBay and also to promote the CDs I’m currently creating
from public domain products which a friend tells me definitely do
sell better on Amazon than on eBay. I’m opening new doors and
I suggest you do the same.
For now, go to Amazon.co.uk, look
around, and next week I’ll tell you all about signing up, opening a
buying and selling account, and locating cross auction arbitrage
opportunities at eBay and Amazon.
I’ve included another article later
telling why eBay is THE best place to promote your wares, and
probably always will be, and why only one other place comes close to
helping you double your income really fast. Guess where!
Click Here to learn
what an ex-eBay employee has to say about transferring your
allegiance from eBay to Amazon.
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