E-commerce platforms are specifically designed or, for that matter, the name E-commerce suggests that it is a platform where people can sell and buy goods and facilitate a smooth transaction with the internet as a medium.
For making money on E-commerce platforms, selling any goods or services is visibly the only way. But do you know that there are ways through which people can make decent money without actually selling anything? Well, we aren’t kidding. How does it work? In this article, let’s make an attempt to know the ways through which people can make money online without selling anything.
There are many E-commerce websites and platforms that act as a marketplace to sell lakhs of goods per day worldwide. With over 180 million active sellers and a buyer community, eBay is one of the largest online marketplaces worldwide.
As an e-commerce platform, eBay facilitates transactions or sale between consumers and sellers; and business and consumers at little or sometimes no transaction charges. Undoubtedly, this platform is a great channel with a pre-built infrastructure and flexible profit-driven options. But beyond a buyer-seller community, people have been exploring different opportunities and discovered ways as to how to make money on eBay without selling anything. Sounds interesting? Stick to the end of this article to know more about it.
How to make money on eBay without selling anything?
The most common notion one has about e-commerce platforms is that one can make money only by selling products. But in recent times, almost every e-commerce platform has been offering different opportunities to its buyers’ community where one can make money passively (without having to sell products).
eBay stands no exception to this trend. With millions of active users worldwide, this e-commerce giant left no stone unturned in maximizing its profit scope by engaging its buyers’ community too- like the eBay Partner Network. In this article, let us look at the top options through which people can make money on eBay without selling anything.
eBay Affiliate Program or eBay Partner Network
Affiliate marketing is one of the most popular ways through which people make money online without much investment. eBay Partner Program is one such medium through which sellers or promoters can sell eBay’s listed products through a unique affiliate link. Whenever someone purchases a product through the allotted affiliate link, the promoter can earn a commission via the sale made.
To join eBay Partner Network, all one needs to do is to have an account on eBay. Later, you can apply for the partner program online. Before promoting your affiliate links, make sure that the links are trackable using the tools offered by eBay. In case you are wondering how to make money on eBay without selling anything, this is the best and sure-shot way.
How eBay Partner Program works
Generally, eBay affiliate marketers get paid in the form of commissions either for selling the product via the allotted affiliate link or by generating leads through the affiliate link. Whenever a user clicks on the unique affiliate link- if they make a purchase or place a bid within 30 days of clicking the link, the affiliate can earn $.05. However, if the affiliate can generate leads or gets users registered onto the platform, they can earn $5 per bid made by the new user within 30 days. Considering the popularity of eBay, it is one of the best platforms to make money via affiliate marketing.
Drop shipping on eBay
If you are someone who is looking for ways to understand how to make money on eBay without selling anything, drop shipping is one of the best and effective ways to do so. But what exactly is drop shipping?
Let’s say you are an aspiring entrepreneur still figuring out how to plan things out and where to set up the space for storing the stock. It is quite a possibility that you might not arrive at a conclusion in terms of whether to actually sell the products of your signature label or to sell the products as a retailer.
What if there is an option to sell the products online without having to store the stock or have a warehouse for that matter?
With drop shipping, sellers can buy the product from third-party sellers and ship it directly to the customers. The biggest advantage of drop shipping is that one need not invest so much capital and a marketing budget to gain profit. In fact, the money required to manage warehouses, track inventory, handling shipments, machinery capital, etc. can be channeled elsewhere as this business model doesn’t mandate sellers to have a dedicated warehouse or manufacturing facility.
Tips to be a successful drop shipper on eBay
- For being a successful drop shipper on eBay, one needs to understand how eBay works and what are the sale trends. The weekday shop trends are entirely different to that of weekend shop trends. So if you are new to eBay and thinking of venturing into drop shipping space, invest time in understanding the platform’s functionalities. The advantage with the drop shipping business model is that you can test-sell the product to know if that can fetch you good profits in the long run.
- Trends are no exception to eBay. Any trendy gadget or product grabs the spotlight in its initial launch days or for a few days. Slowly when reviews start to pour in or when the demand goes down, sales go down too. As someone who’s looking to make money, you can be tempted to sell the products when the demand is in full swing. But in the bigger picture, the products might not be sold at the rate they were initially advertised. Rather than starting off with the trending products sale, choose products that help you make good profits– products whose demand is constant all the time.
Making money on eBay is easy even if you don’t have a franchise or store of your own. All you need to do is to leverage the resources wisely and place the banners or links in platforms where you can get user traction. To know how to make money on eBay refer to this article on Zeen.