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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.  That's because 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.     At this point 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.

Another reason 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 no similar products 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, with 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.