make money from ebay

All posts tagged make money from ebay

hp-DV6series-16-inch-intel-core-2-duo-laptop

Check out the new laptop I got courtesy of Ebay.com! No, I didn’t buy a laptop on ebay, but I did use the money ebay sent me to buy a really nice notebook. You can learn more about the configuration of the 16 inch intel core 2 duo HP laptop here. With the recession going on and unemployment soaring, its nice have someone sending me a few dollars now and then for my discrentionary purchases.

As I reported previously, I’ve made around $15,000 in the first 6 months of the year through various online income streams. Last month was no exception. I’ll report the exact amount later, but again ebay was a major portion of this number. I won’t know the exact amount until Saturday but so far it’s just over $1,000. I’ve outlined the steps to create ebay income, but if that’s too technical for you, you might want to check out this new program called NicheDevil that looks very promising. It comes with a 60 day refund policy so there’s no downside. If you are unable to make any money online with it, just get your money back. The creator is the same guy who turned me on to BANS which has made me $10,000 so far so I’m more than happy to throw a few dollars his way to check out the product.

Is anyone else making money selling real estate, sports cars or gold coins on ebay or through BANS? If so let me know your success stories!

Update: I bought NicheDevil and I set up a few sites with NicheDevil. While it took me considerably longer than the 36 seconds advertised it was a considerably easier than setting up a comparable BANS site. I also liked the automatic pulling of tweets, youtube  videos and images based on your target keywords. The only drawback was I had to get HostGator hosting. I used the online chat help and asked if they had any current promotions – they said they had a 20% discount with the code “Beach” so I used that to get Baby hosting which cost $95/year for unlimited domains. I still actually prefer Dreamhost but they didn’t support the installation of IonCube loader so I had to use HostGator instead (well, I didn’t have to but I’m too busy to figure out how to install it myself). I also bought a few domains from 1and1.com since they offer free private registration and currently have .com domains for $6.99!

Overall, it was a quick and easy setup. The sites look pretty good. I downloaded GIMP and made some minor modifications to the layout of the site (just background color and header image which I borrowed from someone else!). I’ll let everyone know how they work out.

I just ran the totals for passive income for December and I found out that it was the 3rd most “profitable” month of 2008.  The other two were October and June.

Monthly Passive (alternative, online & dividend) Income was $3,276.07.

The total online income was $2385.20 which broke the previous record by ~$130.

Here’s the breakdown of the $3,276.07:

Online Income:$2385.2

Dividend/Alternate Income: $890.87

The largest segment was the income from Ebay which was over $900, probably due to Christmas. Over the course of 2008, I made a total of $3332.55 from the Ebay sites. Adding a storefront on this site has helped boost this income.  The store targets people who want to buy online businesses, cheap real estate and timeshares, gold coins and other income producing ventures.

In another post, I’ll list the total income for 2008 and a break-down by category.

I made $2,884.13 in online & passive income for the month of September, 2008. After the somewhat lackluster income over summer, this was a welcome increase.

Here’s the breakdown:

The affiliate income from Ebay has been growing steadily. It’s more than doubled from August and the total revenue for this year is $1847.67. I think that’s a pretty good return for a little bit of effort (most of which took place in May). In July I added a storefront on this website which focuses on business, cheap real estate, gold coins and other income producing ventures. I recently added a Ferrari and Sports-car for sale page. I don’t expect to sell any Ferraris’ or Lamborghinis’ but I sure enjoy looking at them!

Some of the other ebay affiliate sites are .info sites that I bought .info domains for $0.99 from GoDaddy and created them using BANS software, which automatically pulls the relevant content from Ebay. They’re all hosted on Dreamhost, for which I pay $110/year for unlimited domains. Dreamhost is currently running a special, where you get four times the usual disk-space and bandwidth! Also if you prepay for 5 years you get $150 off.  Use one of the promo codes below at Dreamhost:

333373609023
986060012222
593944613024
436480227416
972055933830

Note: Setting up BANS on Dreamhost requires a little bit of tweaking. If you’re not very familiar with setting up websites then I strongly suggest using HostGator for your hosting. They cost about the same and have pretty good compatibility with the BANS software.

For a little more info on how to generate passive income from sites, look at the 2nd half of this post (look for the section on Niche Sites).

For more info on the other online sources of income, check out my previous passive income updates.

Last month was a massacre for my oil and gold stocks. One of them, Tortoise Energy (TYY) was trading under $6/share for a brief period and yielding 36%!. Unfortunately, I missed the buying window and it’s now trading over $15 again. TYY is an American MLP (Master Lease Partnership); dividends are counted as return of principle making them tax-free!

Anyway, its time to wind up this post. I have 3 midterms next week.

As of July 20th 2009, I’ve received over $8,500 so far from Ebay. But the beauty is I didn’t actually sell anything. That’s right, Ebay sent me the money for referring buyers to their site. Since several of my fellow bloggers have asked me how to go about making money from ebay, I’ve put together this short how-to article that I hope will help you.

How Does the Ebay Affiliate Program (EPN) Work?

Back in April I built several niche sites to that specifically targeted to specific niches like gold coins, iphones and ipod batteries. Several weeks ago, I also added an “investment store” on this site that sells cheap timeshares, real estate and income-producing websites.

Ebay pays a commission based on the final sales price of the item. It usually varies between 5-10%. For items like cars and real estate, there is a flat fee which is over $100! I just received $175 from the sale of a $4,000 rental property in Ohio and another $135 from the sale of a used car. And it wasn’t any old used car, someone sold a rolls royce on ebay!

Additionally, if someone signs up as a new user, Ebay pays up to $35 (although its typically only $25). It also gives up to 75% (although 50% is more usual) of it commissions to affiliates who refer buyers. You can get more affiliate information here.

How Do You Create A Niche Site?

The toughest part of creating a niche site is identifying the niche. Ideally, you want a well-searched for niche that doesn’t have a lot of competition. For example, “discount designer doo-dahs” is a niche. But is it a good one? Good luck figuring that out on your own. However, there are a lot of tools to help you do this. Some people recommend Keyword Elite and I have it and use it. But there are several other tools, some of which require a one-time fee and others that charge a monthly subscription to use. If you already have one and are seeing good results with it, then it should be sufficient.

The niche sites aggregate the RSS feeds from Ebay for related products and display them. Luckily, I didn’t have to do the programming. In fact, creating the site is the easiest part of the whole process. I just bought the BANS (Build-A-Niche-Site) software that does everything for me. It did cost $97 but considering that I’ve made over $8,000 from ebay so far (as of July 2009), I’d say it was a pretty good investment.

Several people have told me that they were rejected or they had accounts and got banned. While its not widely understood why a lot of people have been rejected, its not too difficult to understand. If you submit thin-sites to the EPN there is a higher likelyhood of getting rejected. (A thin site is a site with no content, just affiliate links).  Always submit your flagship blog to EPN. If you’re using BANS on another store (as this blog does) make sure you’re selling related products. Note that this blogs’ store doesn’t anything that I don’t have at least 10 posts on. (Of course, I have 800 posts so finding a related product is pretty easy!). But if you’re blogging about cooking and trying to sell bicycle parts, it just doesn’t make sense. Effectively, you’ve conveyed to the EPN team your complete lack of experience in online marketing and understanding of how online traffic conversion works. Once you’ve been approved, then you can start multiple sites on different products. But make sure each site is targeted towards a specific product and make sure you understand the marketing part (which I’ve discussed below).

So make sure you have relevant content. How do you create relevant content? Either you write it, you pay someone to write it, or you use a tool to aggregate other people’s tweets or posts. Make sure you don’t just outright steal content – that will not only result in bad karma, you will also get flagged by the search engines for duplicate content!  One tool I’ve seen been used on sites that Google has not banned (de-indexed) is WPanswers.  It’s only $29.99 and comes with a 30 day no questions asked money back guarantee. I just bought it and I’ll let you know if I see any adverse effects from it.

Buying A Cheap Domain With Cheap Hosting

I also had to pay for domain names, but Godaddy had a 99 cent sale on domains so that wasn’t much of a cost. I also use 1 & 1 for domain name registration because they sometimes have specials. I usually go with whichever is cheaper, although 1&1 does offer free domain privacy for which Godaddy charges an extra $9.99 a year. However, Godaddy’s interface is significantly easier to use and their customer service is pretty stellar, so there’s some definite value in that, especially if you’re new to the online world. ( Also,  .org sites are usually much cheaper at 1&1 than Godaddy and may have better street cred than .info sites. )

I also use my own hosting. I like Dreamhost a lot and highly recommend it. It’s incredibly easy to install and update the sites. I’ve been using them for 4 years and they also have an affiliate program which pays out 100% of the first years hosting (sometimes 175%!) for new referrals. (Use code “PassiveIncome” for a decent discount). For $120/year you get 1 free domain registration and unlimited hosting. HostGator is another well-respected hosting company and many people with BANS sites use them too. Their affiliate program is also supposed to be excellent, but I wouldn’t know!

Marketing Your Niche Site

The most important part about making money online is the online marketing of your newly created sites. If you’re like most newbies and you build several sites thinking that you’ll automatically get traffic, you’ll be very disappointed. You need to understand how to create content that attracts search engine traffic (also called organic traffic). Again, Keyword Elite will help you with this. Its a pretty good tool and the videos on the landing page are worth a watch if you don’t know anything about harnessing the power of internet traffic. Another key factor that is often overlooked is building back-links to your site. I have personally gone to hundreds of blogs and left real, relevant comments on them with links back to my site. Some of them are nofollow links, but I don’t think it really matters. I believe all links matter, its just that nofollow and links from low-quality sites matter less than than links from a top quality site.  However, a cool way to get a lot of social media love is through a Social Bookmarking Automation Tool.  I highly, highly recommend this tool and it is in fact the one I use the most often. Most of my sites rank very well on various search engines for certain keywords and I get excellent organic traffic. As you can see from the Ebay affiliate sales figures, the conversion rates are pretty high.

Here’s another tool I highly recommend. I tells you what keywords you rank for and what your position is in the search engines. Its incredibly useful, especially when you see someone new bump you from your spot on Google. You can use this (along with some other tools) to see if its a fluke or they’re actually planning to take over your position!

If you’re still floundering, you need a guide with step by step instructions. The 9 Step Make Money Online Guide is an excellent resource written by the creators of BANS software. You should definitely read it if you’re new or if you have sites that aren’t generating much income.

Here are my earnings below:

Ebay-build-a-niche-store-earnings

As you can see from the image, the traffic (in blue) and the earnings (in yellow) have been increasing over the past year. As I’ve becoming more focused in my selection of keywords and as my search engine rankings have improved, the conversion of the traffic has gotten a lot better too.

While it took some initial effort to set up the stores and market them online, I haven’t done anything for at over 6 weeks. Making nearly $1,000/month from several sites that don’t require much effort is really cool. Finally some residual income that’s really passive! So don’t give up! It might take a few months to see any fruits of your labor but it will be well worth it!

I’ll post my monthly passive income update sometime this week.