Newbie Guides For Making Money Online Part One : eBay Guides

Hi there,

my name is Richard, Ebay Powerseller djrichardfenn .

I've been selling ebooks on Ebay and my own websites for
about 12 months now and I've put together this short 10 part guide
for newbies to decide whether selling online is for them.

Enjoy!

Setting your online business goals:

The process of setting goals and objectives and then
designing strategies for attaining them is essential when
starting an Internet Business. So, you end up with what is
called a business plan.

To set specific goals for your new business, first ask
yourself this question:

Why do I want to start an Internet Business?

If you don't know this then here's a few pointers:
•    You choose when you work
•    Work from the comfort of your own home
•    It takes very little money to start
•    No need to work 8 hours a days every single day

What product or service can I offer to the people on the
Internet?

OR

Do I have a product or service that people are looking for
on the Internet?

To save you some research work, I’ve included the list of
Top 10 best-selling items / categories on the Internet
below:

1.    Clothing
2.    Toys and Video Games
3.    Electronics
4.    Computer Hardware
5.    VCDs / DVDs
6.    Books / Ebooks
7.    Greeting Cards
8.    Home Furnishing
9.    Jewellery
10.  Health

When identifying a need, doing market research is part of
your homework. One of your first steps should be to find
out what it means to do business online and to determine
the best ways for you to fit into the exploding field of
e-commerce (electronic commerce). The more information you
have on the following aspects of the Internet, the more
likely you are to succeed in doing business online:

Competition: Familiarize yourself with other existing
Internet Businesses that are already doing what you want to
do.

Customers: Research the various kinds of customers who shop
online and who might visit your site.

Environment: Explore the special language and style of
online communication – in other words, know the culture of
the Internet. If you are not yet familiar with the culture
of the Internet, then the best way to learn is to subscribe
to e-zines (electronic magazines) and newsletters for your
reading.

Write all your ideas down on a piece of paper. Ask
yourself, “What do I have that people are looking for on
the Internet?” Take your time. This is not supposed to be
an overnight activity. So, don’t be surprised if you take
days. Taking your time and doing a thorough market research
on the Internet beats jumping onto an opportunity at first
sight.

Warm regards,
Richard - Ebay Powerseller djrichardfenn

My Ebay Ebook Store

p.s. look out for Part Two!