Buy and sell on eBay/Aliexpress/Alibaba

Starting a business is tough, it’s a long hard slog, and statistically, you’re destined to fail. But getting a business off the ground is only a problem you’ll face if you can come up with a business idea, to begin with.
eBay is a marketplace auction where you can buy and sell virtually any new or second hands goods you could think of. Many fortunes have been made and continue to be made by savvy buyers and sellers on eBay.
Buying and selling on eBay is an art form, there are many bargains and undervalued items you can find, correctly re-list on the platform and make a profit. You can also buy from other platforms (Alibaba, Aliexpress) and resell on eBay to make a profit. Alternatively, if you lack the funds needed to buy inventory upfront, dropshipping on eBay could be the better solution as you won’t need to purchase or hold stock.
To get started on eBay you’ll need to set up an eBay business account and PayPal business account (you’ll need to go through verification which can take time). Then you need to define what niche of products you’re going to buy and sell through your eBay shop. At this point, it’s all about hunting for deals on and off the platform to then resell for a profit. The market can quickly change so you’ll need to constantly adjust for most niches what your buying and selling to stay profitable.
When it comes to selling, presentation of eBay listings is critical to sale volume and price. Make sure to have high-quality photos and provide a clear item description (condition, delivery times, and so forth). In many cases, the correct presentation can increase the final auction price by up to 20%. You also need to make sure your items are categorised correctly and have the right title, so buyers can find your item through eBay and be incentivised to click through to your product listing. Start small, buy products then repackage them or enhance them and sell them for profit. eBay is crowded with sellers and becoming a successful eBay merchant can be a long hard slog. Statistically like most businesses your destined to fail but there’s also the potential of going on to build an extremely profitable business, if you can persevere and make smart decisions.