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Getting Started on eBay: Make a Shopping List of the Personal Resources You Require

Buying and Selling on eBay is an adventureplanning to make eBay auctions a part-time or
that can be both fun and financiallyfull-time income generator you will need an
rewarding. Best of all it is relatively easy.adequate computer system. If money is no
But before setting out on your greatobject then you can get the latest state of
adventure you need certain minimum "Personalthe art system. However if your start-up
Resources" which are listed below in what Ibudget is limited you should get the basic
consider to be the order of priority. Theminimum recommended hardware and software.
Resources required are personal in that eachYou can always upgrade later once the profits
individual will need to check their ownstart to flow!PC or Mac with a 266 MHz
personal situation and decide whether theyProcessor
need some or all of the items listed and to
what extent.Resources Required I - Personal32  Megabyte  RAM
Resources and Attributes - Self-esteemYou
need to have or develop high self-esteem and2.1  Gigabyte  Hard  Drive
to think positively. Self-esteem can perhaps
be best described as your feelings aboutFloppy Drive - for backups preferably a CD
yourself and affects every moment of yourROM  Drive
life, either consciously or subconsciously.
Everything can be viewed either positively orMicrosoft  Windows  95  or  above
negatively. When we find fault with
ourselves, we call that "shame" or "lowWeb Browser - Internet Explorer 5.0 or
self-esteem". With any activity, we canhigher
choose either to focus on how good we are at
it or on how bad we are at it. WithoutPrinter  -  Good  quality Inkjet or LaserJet
exception, we do everything better when we
focus on how good we are at it.And the sameWord-processing Software - MS Word 6.0 or
is true with eBay. If you approach eBay withhigher
the attitude that you are not going to
succeed, then you are not going to make aSpreadsheet Software - MS Excel 4.0+ or
success of it. On the other hand, if yousimilar
approach it with confidence, you have a far
better chance of success. This is entirely myHTML Web design Software - MS FrontPage 2000
own point of view.Resources Required II - Aor similarResources Required VI - Computer
Working Knowledge, Understanding eBay, theRelated Personal SkillsYou do not need to be
eBay Website and eBay TerminologyYou willa computer programmer or computer expert but
need to Read the eBay Manual by visiting thethere are certain recommended computer skills
eBay website with special focus on:-you need to have or to acquire if you wish to
Navigating the eBay Website - moving fromproceed successfully. The following skills
section  to  Section  with  Ease;are not difficult to acquire:Basic
Wordprocessing - You will need basic
- Establishing and Understanding eBayword-processing skills for numerous tasks
Policies  and  Rules;including the writing of descriptions for
your auctions, thank-you and other letters
-  Knowing  where  to  find  what  you need;and eMails to your buyers and preparing Web
page documents for your auction
-  Understanding  eBay  Terminology;listings.Spreadsheet - A "spread sheet" or
spreadsheet is a large sheet of paper with
- Studying what other people are selling andcolumns and rows that organizes data about
how they describe the items they are selling;transactions for a business person to
examine. An electronic spreadsheet organizes
- Studying what prices other sellers areinformation into software defined columns and
asking;rows. The data can then be "added up" by a
formula to give a total or sum. The
- Comparing the various different pricesspreadsheet program summarizes information
sellers are asking for items with the same orfrom many paper sources in one place and
very  similar  descriptions;presents the information in a format to help
a decision maker see the financial "big
- Studying the categories where items arepicture". We highly recommend that you keep
usually  listed;track of all your winning bidders and setup a
database or spreadsheet to capture and record
- Identifying any items listed in unusualimportant details of your auctions including
categories;name and eMail address and any other
information you may find useful.HTML - Every
- Identifying buying trends;Resourcesweb page you see and read is written in HTML.
Required III - Registration With eBay and AHypertext Markup Language (HTML) is the
Seller's AccountBefore you can Buy or Sellstandard text-formatting language used for
anything on eBay you will need to Register ordocuments on the World Wide Web. HTML
open an account by completing a Registrationdocuments are text files that contain two
Form. Registration is Free, takes only aparts: content that is meant to be rendered
short time and is very easy to complete.Youron a computer screen; and markup or tags,
eBay User ID - The Registration Form requiresencoded information that directs the text
you to Create an eBay User ID. Your User IDformat on the screen and is generally hidden
is a valuable asset for participating onfrom the user.If you are planning to be an
eBay. Before choosing your eBay User ID youactive seller you will need to learn basic
should be aware that Your User ID becomesHTML as it gives you greater control over the
your eBay identity and along with yourdesign and looks of the Ads for your
Feedback Rating helps establish yourauctions. An alternative to learning HTML is
reputation and identity within the eBayto use HTML software such as Microsoft
Community.Choose a User ID that is suitableFrontPage. If you do then you will not need
for a long, successful life on eBay. Ofto learn HTML. BUT you will need to know Hot
course you can always change your eBay IDTo Cut & Paste and/or Copy and Paste.Zipping
anytime. Choose a User ID that you like and& Unzipping Files - Zipping is a standardized
that you'll remember. For example you mightway of shrinking data files into smaller
use words identifying your favouritekilobytes or megabytes thus saving on disk
collecting area, your business, orspace. If you plan to send or receive data
occupation.Seller's Account - Afterfiles via eMail or via file transfer on the
registering you will need to set up aInternet and if you plan to buy or sell
Seller's Account before you can sell anythingeBooks, software or any product which can be
on eBay. You must provide a valid debitdelivered digitally or by file transfer you
credit card and bank accountwill need to know how to Zip and Unzip
information.Resources Required IV - YourFiles.Resources Required VII - Organization
Computer EquipmentFirstly you will need aof Your Multi-Payment OptionsYou will need to
computer, or access to a computer, that ispay for any items you may have purchased, to
equipped with a modem. Whilst organizing yourpay for eBay listing fees for items you are
computer equipment you may also want toselling, to pay for your inventory or to pay
investigate getting a DSL (Broadband orthe Drop-shipper and, if your auction is
Digital Subscriber Line) or a cable modem assuccessful, to pay eBay's final value fees
opposed to a telephone modem. It not only hasand your merchant service provider fees.The
faster connection speeds, but also manyprecise amount can be calculated in advance.
telephone companies provide unlimitedBuyers want a multi-choice of Easy Payment
Internet access for a fixed monthly fee.Options. You will need to organize these
Telephone expenses can be costly so you wantmulti-payment facilities before you start any
to keep these expenses as low asbuying or selling activities.As a seller you
possible.Once you have your computershould try and offer every type of payment
equipment, you will need to plug your modemoption. By covering all the bases you can
into a telephone line. Next, you will need toperhaps deter a potential bidder from bidding
open an account with an Internet Servicefor the same or similar product from a seller
Provider (ISP) - a company that provideswho offers more payment options than you.Over
connections to the Internet, usually for a80% of buyers on eBay prefer to use PayPal
monthly fee. Most telephone companies provideand especially now as PayPal is part of the
this service. Also you may be able to find aneBay Group of Companies. A PayPal Account is
ISP in your local area.The final elementa must. PayPal provides a variety of merchant
required is software called a Web browsertools to meet all your needs including
which enables you to find and read theaccepting online credit card payments
information on the Web. The more popular webinstantly. In addition, PayPal offers a full
browsers are provided by Microsoft (Internetsuite of tools to keep your payment
Explorer) and Netscape Navigator and areprocessing running smoothly.Stephen S Alison
usually installed free of charge when you buyis a retired "bean counter" who spent 26
a computer. Of course, once set up you canyears in middle management positions for
always browse or surf on the Internet,major US financial institutions in Europe and
establish what other browsers are availablea further 10 years as an adviser/consultant
and download the browser you feel moreto a number of European financial
comfortable with.Since you are probablyinstitutions.



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