Monday, September 11, 2006
Internet Marketing Verses Ebay Sales
There are a many decisions we all have to make. Right now Sharon and I are trying to decide what is best for us. It comes down to internet marketing verses Ebay sales.
Ebay sales are immediate. You either sell something or not within 3 to 7 days (1–10 but 1 & 10 are less often used). You have cash NOW. With most sales you are paid online within 24 hours of the end of an auction.
The problem with Ebay is you have to have an ongoing supply of things to sell. You have to keep buying more inventory to keep up with your sales. This can easily be accomplished by buying at auctions, close out sales, distressed inventory, excess store inventory and many other sources. However, it is an ongoing thing that you must stay on top of every week.
Internet marketing on the other hand is slower to get started. Slower to have a living wage with and slower to build your reputation. It is almost impossible for most people to create a website today and have $100 or more cash in the bank in 3 to 7 days.
HOWEVER, once you start generating income online using internet marketing, you can put it on autopilot and resell the same digital product over and over without the need to keep buying inventory. There are a lot of ways to have an online income with IM and once created, it self perpetuates and the income keeps coming in month after month with only slight work on your part.
So, this is my delimma. I easily make my rent and pay the bills with Ebay, but as I look at next week and the week after that is becomes a vicious cycle. Sure we make a living selling on Ebay, but the little money we make with our internet marketing requires almost no effort. Our IM income stays between $125 and $300 a month without doing much.
The problem is I am slow to get that up to $500 or $1000 a month because all of my time is spent on Ebay make money today. IM makes money for tomorrow, but does not usually pay today’s bills. A few people can make a living with internet marketing in a month or two, but they seem to be the exception instead of the rule.
