| Thank you for reading this article! Let me first say that | | | | many people have jumped on the eBay band wagon |
| this article is written as of September 2008. As you all | | | | and eBay is now overcrowded. |
| know, America is suffering from the largest economic | | | | Let's talk a little about Dave Espino's "auctions for |
| crisis in decades. According to CNN news, over | | | | income" system. |
| 159,000 jobs were cut this year and internet spending | | | | You may have seen the 2am infomercial on TV but |
| is clearly down at the moment. With that being said our | | | | does it work? I have reviewed his system and 90% of |
| focus today is on the auction giant "eBay". With over | | | | what I read and watched on his dvd's were realistic |
| 147 million members worldwide eBay is currently the | | | | and informative but not geared toward eBay's present |
| largest and most popular auction site in the world. I | | | | policies. His student's claim that they earn $100,000, |
| myself was once a member of this auction site, | | | | $200,000 and one claims that she made $1.2 million. I |
| however, escalating fees and unreasonable new | | | | wonder if they are talking profits or just total overall |
| policies have drove me and thousands more away | | | | sales! Dave's students tell you how much money they |
| from eBay. It seems that more and more people are | | | | made, but not when they made it. From experience I |
| becoming aware of eBay's shortcomings, but the | | | | know that they must have started selling on eBay |
| question is: | | | | before eBay became so oversaturated with sellers. |
| Is selling on eBay still profitable in our current economy | | | | Keep this in mind, if you are a new seller, eBay now |
| where retail and even internet spending is declining? | | | | limits the amount of items you can sell as well as what |
| Well, to answer that question you have to ask yourself | | | | types of payments you can accept. Dave's course |
| a question! Are you prepared to pay eBay's fees | | | | would have you to believe that you can read his book, |
| whether your items sell or not? eBay charges a host | | | | watch his dvd and just start making piles of money on |
| of fees including, insertion fees, starting price fees, "buy | | | | eBay. This is not true! eBay fully regulates the amount |
| it now" fees as well as fees for special features like | | | | of money you can make and eBay has actually |
| highlighted borders and featured gallery. If your item | | | | instituted a new policy in which the money you make is |
| does not sell, you are still responsible to pay these | | | | held for up to 21 days after the end of your sale(For |
| charges. A poll conducted by revealed that 54% of | | | | new members). eBay is also instituting a new policy in |
| auction items listed on eBay receive no bids and thus | | | | November that will no longer allow sellers to accept |
| do not sell. According to Auctiva.com(A partner site of | | | | checks or money orders as a form of payment for |
| ebay), 60% of fixed price(Buy it now) items don't sell | | | | their items. This means that you will have to use |
| either. | | | | PayPal which is owned by eBay or some other |
| This doesn't mean that you have no chance of making | | | | electronic type of payment. eBay claims that this policy |
| a great income on eBay, it just means that it will not be | | | | is to promote safety but savvy sellers know that this |
| easy. There are many sellers who make a great 5 | | | | just means more money for PayPal and ultimately |
| and even 6 figure income from selling on eBay. These | | | | more money for eBay. I recommend that anyone |
| sellers are called "powersellers". Many of these | | | | looking to join eBay as a seller check out This is a site |
| powersellers will tell you that they began their eBay | | | | created by some of eBay's top powersellers to |
| journey when eBay first opened it's doors in 1995. | | | | discuss their displeasure with what eBay has become. |
| Ebay was a very different place in those days. In the | | | | In summary, eBay has become very crowded with |
| nineties you were free to sell whatever you wanted | | | | sellers(This means that you will have a lot of |
| with very few restrictions. There was also great | | | | competition!) and the amount of items you can sell is |
| customer service then due to the fact that eBay | | | | regulated by eBay's policies. Before you will make any |
| hadn't grown so large yet. All in all, eBay has changed | | | | real money on eBay, you also have to build a good |
| and the site has become over-saturated with sellers. If | | | | reputation of positive feedback. This will take take time |
| you browse the collectibles section you will find over 2 | | | | seeing that eBay has new policies on this aspect of |
| million listings. If you're looking for an Ipod in electronics, | | | | their site as well. As a former eBay seller I suggest |
| you have your choice of over 94 thousand listings. The | | | | that sellers do their research and try their hands at |
| idea of being able to make a great income from the | | | | building a website of their own. It will take time and you |
| comfort of your home was too good for the common | | | | will experience trial and error as you go along but it's |
| dreamer to resist. eBay offered just that, a great way | | | | worth it. Thank you for taking the time to read my |
| to make extra money from home. Over the years, | | | | article, my next article will be "5 alternatives to eBay". |