How to really make money from eBay Thailand
I know over a dozen people now who make a full time income from selling on eBay in Thailand I too have supported myself selling things I bought in Thailand and selling them to people overseas through eBay. I even wrote a whole chapter about it in the book How to make money in Thailand. The most common thing I've noticed with all the successful eBay sellers in Thailand is that they all test their products and they all have only new items for sale with great photographs.
The thing about eBay is you don't need a million items though that approach does work it requires a lot of capital. What you want to find are those identical items that can sell 20-100 times a month at a markup of 4 to 1 but a better ration is more like 8-1. Basically an item you can buy for 300 baht then sell it on eBay for 8 times as much or 2100 baht that's roughly $69.95 at today's rate of 30 baht and do that 100 times a month on the one product. Have 10 products like this and you have your eBay empire made.
A ten dollar item like the one you picked up is still just a $10 item it's your job to make people want to pay the $69.95 amount and the way to do that is to get a professionally designed graphic and photographs of your product and make it look like the amount are asking for. People shop on eBay for bargains sure but they are also shopping for dreams make it seem like your product is the best of it's kind and come across as a professional. People are always willing to buy quality when you sell something of quality and the markup is great you begin to make more money for doing less work.
Testing your eBay products
With eBay you can have multiple accounts each account can still be linked to the same PayPal account if you choose but it's the eBay ID and the products in your account that are the reason you need more than one account. Having more than one eBay ID gives you the ability to test products without them being shown in your actual store giving away cheap editions in your store first can lose you sales of profit items as people would rather wait till you put out another test product.
With your test account put up your test item and give free shipping and only .99 cents. At this cheap price it will get the most views, getting the most views gives you more of a sample of people to gauge demand for the item. If you sold the product at this for more than 5 times the amount you paid for the item it's more than likely that you have found a great product that can be resold on Ebay another 100 times at full cost over the next month - year.
Why most people fail with selling on eBay in Thailand
Lots of people try to do the whole eBay thing but they don't manage to make a profit because they didn't stick at it. You have to continually be losing money testing products especially in the beginning stages until you find the products that make you the most money. Some products just don't sell you couldn't even give the stuff away but you can't expect it too. People typically give up trying to sell on eBay after they have tried to sell maybe $100 worth of products. But if you narrowed down to a specific niche which the How to make money in Thailand book clearly tells you you can get going testing with only a few hundred dollars.
When something does sell good some people will wait till the auction to end, do do it, if something is selling that good go right now and buy 50 of that same item at a discounted wholesale rate and start selling them don't wait around when a good opportunity comes you lose too much time. Some people fail to act on the figures, when an item sells good you can be sure there are a line of other people waiting to buy one for themselves so go out and get a discount for your wholesale purchase add in the professional touch.