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I can't get rich online and neither can you. Topics include why you won't get rich with your blog, ideas you wish you had thought of, and other Internet phenomena.

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I Think I’ll Stick With Physical Goods

I just haven’t had much luck with digital goods lately. While other affiliate marketers have made their fortunes from ebooks, dating services, and ringtones, it’s just not working out for me. That’s why I’ve decided to try a different approach, one mainly focusing on eBay.

As I mentioned the other day, I’m going to try to get into the affiliate niche store business. I’m testing one right now, and if I can find a good method of driving traffic, I’ll probably build 10-25 stores a month (and many more if I really start making money).

While affiliate stores are all well and good, I’m thinking of taking it a step further and actually starting an eBay store. I’ve been thinking if over for awhile, and I’ve decided to do a few trial auctions for imported items from Japan. If things work out well, I’ll start doing lots and lots of them. I have a friend over in Japan who is going to sea-mail me a big box of stuff, stuff that our research shows we can get a 300% ROI. Isn’t legitimate business fun?

Ebay has always been fascinating to me. You can sell the most mundane crap on there. Just as an example, I have an uncle who lives by a pier in New York. He used to go out to that pier at low tide, pick up snails, and sell them on eBay. Now he makes a pretty decent living selling aquarium stuff. I find it amazing that you can just pick up crap you’ve found lying around and sell it on eBay.

How can you apply this to your situation? What if you don’t live near an ocean? Well, for starters, pay attention to what’s on sale in your area. If you find a store that’s overstocked and having a 90% off sale, buy up whatever it is they’re selling and resell it. A long time ago, a store in my hometown was overstocked on Gameboy Advance games and was selling them for $5 a piece. I bought 20 of them and resold them for an average for $30 each. Huge profit.

Of course, managing an eBay store takes a lot of work when you factor in order tracking and shipping, so it’s not for everyone. Still, if you think you can find a niche and crack it, you stand to make a lot of money.

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2 Responses to “I Think I’ll Stick With Physical Goods”

  1. Amin Says:

    eBay SUCKS. Let me repeat, EBAY SUCKS. I started the whole ‘make money online’ thing on eBay, and I did it by selling digital products. The fuckers working at eBay are so damn incompetent. I’ve had multiple accounts banned on eBay without notice, because of false copyright claims issued by competitors. Now I only use eBay to buy things. Once you stop using eBay to sell you never want to go back.

  2. Matt Says:

    You’re not very focused are you?

    Good luck with your eBay ventures. It’s been getting overcrowded there.

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