The best way to live the passive income lifestyle is to have multiple streams at the same time. This allows us to maximise our income and simultaneously protect ourselves from bad months which might affect certain of our businesses. Your niche website might be given a Google penalty which results in loss of traffic for that particular month and if that is the only income stream you have then it won’t be a fun month. This is why we should create many different streams one being passive income from Ebay.
This article is going to cover the option of creating passive income from Ebay. The basics are that you list items for sale on Ebay, which you don’t personally own, and then when someone buys them you go to your source and order them and have them sent directly to your customer. You end up making roughly 30 percent markup for very little work and no upfront inventory costs. You have probably heard of the term “drop-shipping” which is what the above explanation basically is.
The advantage of this method is that you don’t need to spend thousands of dollars purchasing products from China that you are not even guaranteed to sell. You also don’t need to waste your own time packaging and sending items from the post office as the source does it all for you.
The disadvantage is that you will need to list a lot of products before sales increase. The experts call it a numbers game. The people making thousands of dollars of income from Ebay are the ones with thousands of listings in their store. This obviously takes time to build up to which is why I recommend starting it immediately. It takes time to list products and it also takes time to get your seller limits increased. When you start out you can only sell 10 items, it then increases to 30 items then 90 then 270 and so on. I started in February and by 19 March I was up to 270 items or $13,500, whichever comes first.
If you have 1,000 products listed and sell 1 percent of them each day at $20 profit margin that would be $200 a day which translates to $6000 a month. This is why I recommend working on your Ebay passive income stream early on as it takes time to mature but once it does it has the potential to bring in a lot of money each month. You can also outsource the listings so that you don’t have to worry about it as your virtual assistant will be adding new products and fulfilling sales made so you can enjoy life to the most.
I would also recommend the following course How I made $100,000 my 1st year selling on Ebay which has 6 hours of video lessons that go through the whole process of setting up your Ebay store along with the best tips to increase sales. The best part about the course is that there is constant feedback from other students so whenever you have a question chances are someone else has already asked it and it has been answered. There are currently nearly 13,000 students enrolled and with a rating of 4.8 out of 5 you can be assured it is worth it.
The quicker you start building your passive income from Ebay the quicker it will mature and allow you to live life with passive income.
Have a look at how my review of Living in Rio De Janeiro for inspiration on making the passive income a lifestyle.
The below video is an introduction to the course How I made $100,000 my 1st year selling on Ebay on how to make a passive income with eBay.