Why You Need a PayPal Business Account
Posted by Lizard Wisdom Posted in eBay on November 30, 2007If you use PayPal as a method of receiving payments, you need to understand the different account types that are offered. If you are doing things correctly as an eBay seller and are set up as a legal business, there is really just one PayPal account type that is right for you. PayPal offers three [...]
Using PayPal to Collect Payment for Your eBay Sales
Posted by Lizard Wisdom Posted in eBay on November 29, 2007Selling on eBay is a great thing. There is nothing like receiving an email in your inbox stating that someone just purchased one of your products. It’s exhilarating – it gives you a rush. Of course, the transaction isn’t over when you receive that “item sold” email from eBay; the transaction has only just begun! [...]
The Real Measure of Your eBay Success: Are You Making a Profit?
Posted by Lizard Wisdom Posted in eBay on November 28, 2007People sell on eBay for a variety of reasons. Maybe you enjoy selling the junk around your house. Maybe you enjoy being part of the large eBay selling community. Maybe you are out to make some money and feel that eBay is the way to go. For those of you in the latter group, selling [...]
How eBay and PayPal Fees Play Into Your Profit Picture
Posted by Lizard Wisdom Posted in eBay on November 27, 2007When you sell on eBay, you are going to have to make sure that you take into consideration the direct costs of selling on eBay. These include eBay fees and PayPal fees (or fees from whatever payment processing system you may be using). As explained in a previous post, these fees would be factored into [...]
Gross Profit vs. Net Profit – Why You Need to Know the Difference
Posted by Lizard Wisdom Posted in eBay on November 26, 2007Making money is the ultimate goal for those that sell on eBay. But, how do you know if you are actually making any money at the end of the day? You first need to understand how to calculate the different kinds of profit you deal with selling on eBay. There are two kinds of profits [...]
Are eBay’s New PowerSeller Requirements Cheapening PowerSeller Status?
Posted by Lizard Wisdom Posted in eBay on November 21, 2007Recently, eBay announced that they are changing the requirements to be eligible to take part in the PowerSeller Program. The program has been expanded to include the following: High volume “seasonal” sellers who make most of their money during the holidays. Sellers who sell a high volume of products with a low average sales price. [...]
Free e-Book: Successful Product Sourcing – How to Find REAL Wholesale Products YOU Can Sell Online
Posted by Lizard Wisdom Posted in eBay on November 20, 2007We have talked about how product sourcing is THE hardest part of running a successful eBay business. If you want to obtain eBay PowerSeller status, you most likely will be spending a great deal of your time finding the right suppliers for products that will be profitable to sell on eBay. We have previously talked [...]
Why Don’t Suppliers Sell to Online Retailers?
Posted by Lizard Wisdom Posted in eBay on November 19, 2007As you search for the elusive, perfect product to sell on eBay, you will run across many companies that flat out refuse to deal with you, the online retailer. Why is this? Here, we will explore some of the reasons we have come across through our quest to find products to sell on eBay. We [...]
Pay Your Taxes Like a Real Business
Posted by Lizard Wisdom Posted in eBay on November 16, 2007It has been said that the only two certainties in life are death and taxes. Of these, taxes are the only thing that you will have to worry about while you are alive, so let’s talk about them for a minute. If you are going to run your eBay business like a real business, and [...]
Follow eBay’s Rules (And How to Report Those That Don’t)
Posted by Lizard Wisdom Posted in eBay on November 15, 2007Everyone lives their life having to follow rules each and everyday. Selling on eBay is no different: There are rules that eBay has instituted if you want to buy and sell on their website. It is in your best interest to abide by these rules if you want a successful career selling on eBay. If [...]
