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Should you sign up for internet get rich quick programs? May I offer an opinion?

Posted Thursday, December 9, 2010, at 12:17 PM

I am starting to see a lot more 'systems' for getting rich on the internet and specifically eBay. PLEASE do not pay hundreds and even thousands to start your eBay business or get locked into monthly payment programs!

And PLEASE do not think it is a sure thing that will only take a few hours a day! If you are planning to make a business of it, it is WORK and requires TIME.

How about the 'drop-ship' programs? To use a phrase from a national comedienne, "Can we talk?"

With that said, I will mellow out a bit to say that there are viable opportunities selling on eBay and other internet sales venues. And, there are many avenues to success. Some use inventory and some use others' unwanted items. Using other people's belongings (legally) on eBay would be considered a Trading Assistant.

Yup, there are several programs for being a Trading Assistant but PLEASE think long and hard before you invest in a franchise. That trend came and went some years back and most of the folks investing their hard earned money have lost it and moved on.

"But wait! This special and secret system solves those problems and creates wealth beyond your dreams". I don't know about you, but I have some pretty BIG dreams when it comes to wealth so I doubt that they could top them.

YOU are the one who will meet your dreams. Paying for a franchise will probably meet the franchiser's dream, but yours....?

Seem negative? Not really. I think being a Trading Assistant can be worthwhile, and selling on the internet can open many doors to the customer but there are some hard realities that need to be considered and you don't have to pay big bucks to find out.

One poor fellow attending a class last year had paid thousands of dollars to learn the "secrets of success". Then why was he in my class? He was overwhelmed and hoped he could make sense of it in person. He left in a positive frame of mind, but he was already facing a big investment and a big learning curve.

Read these links on eBay about the Trading Assistant program & policies.

http://pages.ebay.com/help/sell/know-sel...

http://ebaytradingassistant.com/director...

Then go to the discussion board and get a dose of some realities. http://forums.ebay.com/db1/topic/Trading...

This is not meant to discourage, but to help you learn from others' mistakes and ask questions of those who are still in the business.

We did Trading Assistant business for several years and continue to get requests from folks to sell their items for them, but we have way too much to sell of our own nowadays. If we can get time to go back into it, we have learned some realities that we will be happy to share if anyone wants to discuss it here or drop me a note and I will bring it back to this discussion anonymously for you.


Comments
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From eBay's figures of a few years ago, there are over 6,000 members in Bedford County, so there are a few of us selling. Please consider sharing your thoughts.

If you are new at this, please consider selling some things before you leap into selling for others or getting inventory. Don't sell the 'family jewels' as a start. Sell something easy to describe, medium to low priced and easy to pack for shipping. You need some positive feedbacks on your record anyway, so start small.

One other thought, stay away from designer clothes, jewelry, accessories, perfume, etc. There are many pitfalls and eBay restrictions on VeRO (Verified Rights Owners) (patented, copyrighted and trademarked items)

-- Posted by stevemills on Thu, Dec 9, 2010, at 12:27 PM

My advice is this, If you are good at something, use that as a starting point to find a niche. NEVER use something you enjoy doing as your niche, you will never get paid what you deserve and never tell someone you enjoy it because they won't pay you what it's worth.

-- Posted by Evil Monkey on Thu, Dec 9, 2010, at 12:42 PM

EM - I would have to disagree with not using something you enjoy as your niche. If you don't enjoy it, you're going to be miserable, even if you do make "wealth beyond your wildest dreams". I do, however, agree whole-heartedly regarding telling someone how much you enjoy what you do. You don't have to seems surly about it, but if people catch on that you're making money at something you really enjoy then they are less likely to compensate you fairly for it. Like working on people's computers.

-- Posted by Thom on Thu, Dec 9, 2010, at 3:08 PM

Thom,

Not surly, and you see my point and I am not being unrealistic about it.

Solution:

Word of advice, if you enjoy something and are getting paid for it... Don't tell anything.

Better?

-- Posted by Evil Monkey on Thu, Dec 9, 2010, at 5:29 PM

Err that should have said, Don't tell anyone.

-- Posted by Evil Monkey on Thu, Dec 9, 2010, at 5:30 PM

An interesting point though about being careful of mixing your passion with a living. I used to be passionate about photography but made what I believe was a mistake by monetizing it.

After using my passion to try to build a photographic business, and spending too many hours in the darkroom, I put down the camera for about 20 years. If our daughter had not shown an interest in photography, I might have never gone back, but even now, my interest is no where near what it used to be.

I now have a passion for gardening, but if I try to monetize that through farming or opening a garden shop, I think I will burn out of that as well. I am better off if I do something I am good at and become passionate about it afterward.

I can teach and have become passionate about it but I can call the shots with it and take a break when needed. If I became a teacher in an educational institution, and had to put up with the administrative and politically correct side of things, I wonder if I would lose that passion.

-- Posted by stevemills on Thu, Dec 9, 2010, at 9:25 PM

BUT, it is good if you know something about the items you want to sell, or "go to school" o them which is comparatively easy with the internet these days.

Wen we had a collection of 2,000 teddy bears to sell, we basically thought of discount and card store teddy bears. We had NO IDEA what a collector's world there is out there and sold thousand dollar bears to most countries around the world.

We looked for discussion boards on eBay, on Google and bought a few books. Eventually we got pretty good at spotting quality bears, high production and one of a kind.

We even struck up conversations with the artists who made them, collectors who knew exactly which bear we had and it's history, who owned what in which club, and what else we had in the collection that we did not know yet.

-- Posted by stevemills on Fri, Dec 10, 2010, at 8:08 AM

Actually, Steve, the research aspect of something like that is more appealing to me than the actual selling of the items...lol. Of course, the monetary aspect would be the most appealing of all.

-- Posted by Thom on Fri, Dec 10, 2010, at 10:06 AM

By the way, Steve, have you seen this?

http://www.crunchgear.com/2010/12/08/rol...

A man posted his old Rolex on eBay with a starting bid of $9.95, not realizing it was one of the rarest and most sought-after models, with the glamour of having been worn by Sean Connery in a James Bond movie.

-- Posted by Jicarney on Fri, Dec 10, 2010, at 11:42 AM

Kind of puts chills on me. We all list for that kind surprise, but this one is extreme.

Did you happen to look at the picture that shows the watch on his wrist? That picture could be worth something as well. Four guys partying over washing the dishes and one of them being the late Christopher Reeve?

-- Posted by stevemills on Fri, Dec 10, 2010, at 1:48 PM


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Steve Mills and his wife have one daughter and live on a farm outside of Bell Buckle. They previously owned two coffee/ice cream shops, currently operate an internet sales company and teach classes, but his primary job involves the paper industry worldwide. Hobbies and interests lie in gardening, photography, recorded music and of course, their pets.