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Now I’m sure you’ve heard of the phenomenon that is ebay. This online service allows millions of people across the world to buy and sell goods in a giant online auction house.

Many people make money on ebay by selling unwanted items. Old CDs, games, toys etc. that are no longer wanted by one person are desired by another. That’s fundamentally why eBay has been such a success.

However some people have gone further and make a living by buying stuff (from flea markets, yard / garage sales) and selling it on ebay at a profit.

Some of the really clever people out there do this by buying stuff on ebay and selling it back on ebay for a profit!! This is called ebay arbitrage. For this to work you need an expertise in a genre enough to see when a product is worth a lot of money but isn’t attracting a lot of bid attention (usually due to poor presentation, marketing or being put in the wrong ebay category). Once purchased at (what you know) to be a bargain price you place it on ebay yourself. This time however you place it in the right category, present it superbly and market it successfully and make a great big profit.

Think you don’t have the expertise? You’d be surprised. Look on ebay and see what sort of things they sell. There’s bound to be something that you have a knowledge of through work or hobbies. With some research you’ll soon learn to spot a bargain in your area and as time goes on you’ll become more and more of an ‘ebay expert’ in your field and this is when the cash will start to role in.

What you will need to find is a reasonable niche. You won’t make much money if enter a highly popular and competitive field. The people who make good money from ebay are people who specialise in niche products where competition isn’t high.

It is estimated that 80,000 people make a living from ebay in the US alone!