What is the Difference between Amazon and eBay?

Mar 08, 15 What is the Difference between Amazon and eBay?

Posted by in Amazon, eBay

Understanding the difference between eBay and Amazon is critical to success as an online retailer or bookseller. Even if you are not selling on these sites, they are your biggest competitors, so knowing how they work can enhance your business. Both Amazon and eBay are online marketplaces and third-party sellers. A third-party seller is an entity that serves as a middle man between the customer and the seller. It makes its money by taking a cut of the final sale. The big difference between Amazon and eBay is that Amazon is a retail market and eBay is a wholesale market. A retail market sells goods directly to the largest possible customer base at a fairly steady price, while a wholesale market sales goods to a specialized customer base at the lowest price possible. Wholesale marketers usually sell to professionals, dealers, and hobbyists, while retailers sell to everybody. A good way to think of Amazon is that it is a giant retailer, such as Walmart and the grocery store operator Kroger. Like those behemoths, Amazon is in a wide variety of businesses, including third-party retail. eBay, on the other hand, is more like a thrift store or a dollar store. It sells a much smaller selection of goods to a much smaller market.   How to Use the Difference between Amazon and eBay to Drive Profits You can take advantage of the differences between Amazon and eBay to generate profits. Those differences determine which books sell best on each site. Specialized and collectible items, such as old books and comic books, sell best on eBay. Items with a strong mass market appeal, such as bestselling fiction from the last 10 or 15 years, sell best on Amazon. The reason for this is the difference between the shoppers.   Celebrity Authors’ Secrets – The World’s Greatest Living Authors Reveal How They Sell Millions of Books by Stephanie Hale. $12.99 from Smashwords.com Twelve of the world’s greatest living authors reveal their tips for writing a book that...

read more

How Much I make from Online Book Sales

Feb 24, 15 How Much I make from Online Book Sales

Posted by in eBay, Fun Stuff, Slider

Many of you are probably wondering how much money I make from online book sales. That’s a very fair and important question because I’m running a website that purports to tell you how to make money by selling books. In 2014, I made an average of around $400 a month, $394.98 to be exact, from my sales. In my best month, November, I made $471.02, and in my worst month, January, I made a little under $300, $293.11 to be exact. The total proceeds of my sales came to $4,739.79 in 2014, and guess what? I did this as a part-time job, with no access to a reliable car and by using my bedroom as a storage area. This year, I’m planning to ramp up my business. I just rented a storage locker and bought some shelving to make storage more efficient, and I’m planning to buy a vehicle real soon. That means I could easily double or triple that figure this year and perhaps quadruple it with hard work, especially if I can greatly increase my Amazon sales, which were minuscule last year. eBay’s Selling Manager Pro Summary is also a real help in this department. It showed me that I made $239.34 in the last 30 days, $823.89 in the last 90 days, and $1,193.20 in the last 120 days. Obviously, that figure does not include shipping costs, supplies etc.; instead, it represents pure cashflow. eBay income is pretty nice because you get almost immediate access to it through PayPal if you do a fairly high volume of sales. Another big advantage to eBay income is that you can transfer it to banks for free. That’s extra cash you can get your hands on almost instantly. Amazon.com is a little harder to deal with because it keeps your payments for two weeks and takes the fees out of them. That makes bookkeeping easier, but it means payment is delayed.   As you can see, I am not getting rich, but I have...

read more