Guest Author - Katie Byrd
For our Starting Own Business Series, let’s take a look at the possibility of earning extra income with online auctions. You probably know someone who’s done this successfully. And, although it doesn’t generally have huge financial potential, it can be a good way to bring in extra cash for someone who's retired or for a stay at home Mom.
An online auction business offers great flexibility. For example, during the day, you might take the children with you while you shop at yard sales and for other bargains. This could even be a fun learning experience for the kids. Then, after bedtime, you can input all of your auction items.
A good way to get started is by visiting www.ebay.com, www.yahoo.com and www.amazon.com. Once you’ve done some research and know your way around the sites, you’ll want to start scooping up bargains at garage and yard sales, flea markets, close outs, thrift shops, etc.
Look for new, used and handmade items that you can auction off for more than you pay for them. You’ll need to write a description, give an opening price and post a photo. Most sites charge a nominal listing fee of about 50 cents plus a small percentage of around 5% of your final selling price.
Checking out reference books like Flea Market Trader and Garage Sale and Flea Market Annual can help you to learn the current market value of things and to recognize “hot stuff” when you see it. The more experience you get and the more research you do on the collectibles market, the better your buying power and sales profits will become.
For Abundance and Prosperity Newsletter, click here.
Click here for the site map.
To subscribe to the Abundance and Prosperity Newsletter, just enter your email address in the subscribe box at the bottom of this page.
Articles you might also enjoy
Guidelines For Getting What You Want
Time Management For Everyday
Famous Inspirational Quotes
