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This is easily one of the hardest things to do: whatever product it is you choose to sell, you're trying to find a market where there is strong demand yet a limited amount of sellers. It's also best to find a product that people are more willing to buy over the internet. The first thing that comes to mind is usually electronics. However, picking a product isn't that easy--many sellers are moving electronics in huge numbers, meaning they will be able to sell at a cheaper rate than you will. To turn a profit, you'll need to be able to get something with a high reseller markup. Also, you'll need to purchase in wholesale before you can start selling, meaning you run the risk of being cheated. Before you begin to despair, remember that Powerselling on eBay is a business and like any other business, those who pay a little to start will have an easier time. Auction Inspecter is a relatively cheap tool that lets you easily find hot markets where there are few or no suppliers. This tool is extremely useful for checking to see if the product you have in mind will sell, or even for helping you find a product to sell.
Once you've settled on a product to sell, you need to find a way to get the product in large quantities at a low rate. Finding reliable wholesellers is extremely hard, and this is definitely one area where it is better to spend a few dollars to be safe. Salehoo is a wholesale directory that allows you to find products and reliable wholesellers who will ship the product right to your customers' door. There is a cost involved, but it is highly reccomended if you are serious about becoming a power seller. For about $40 you get lifetime membership to an enormous directory of certified sellers. Best of all, Salehoo anonomyously purchases from these sellers, and rates their service for you! I cannot stress how important how important it is to find a reliable source of good when power selling.
I'm glad to say this is the surprisingly easy step, especially if you've used the Auction Inspecter to choose a good to sell. The basics of Powerselling on eBay are about the same as the ones you use when normally start selling. However, because a Powerseller has to go through hundreds of orders a month, it is often necessary to be fully optimized, to make sure you aren't wasting any time. For example, if you have to list each of the hundreds of items you want to sell manually, you will waste a good chunk of your time. Instead, use eBay's free turbo lister to list all of your items. It would be near impossible to personally handle all your payments as a powerseller, so make sure to find a script that is able to automatically process payments. If you have a Paypal account with the merchant option, you can customize it so that you send buyers a bill after they've won an item, and you can receive your payment with minimal effort.
Creating an eBay store is an easy way to gain more exposure and trust on eBay. Store owners get some excellent perks, including: lower listing fees, listing management tools, store searchs and longer lasting items. Creating a store is the final tier in making money on eBay, and is a low cost way of greatly increasing your revenue. Customizing your eBay store can be cumbersome, and if you want to start an eBay store early on, to start making money quick, then you may want to look at building an eBay store. It is not a free program, but is worth its low cost if you can optimize your store to bring in additional buyers. It is not a necessity like the other tools, but may prove helpful for new store starters.