Ever wonder how much a poker / slot machine makes?
On average, Poker / slot machines make 11%. That is for every $100 a player puts in, the machine pays back an average of 89% to the player.
Getting smart about payout ratios like this is a huge leap toward massively increasing your income by knowing not to invest money in strategies with “negative return” ratios like poker machines but instead, investing money in strategies with “positive return ratios”.
If you cannot prove a strategy has a “positive” return ratio, do not spend 1 cent on it.
This is why I like eBay, you can see how much money you make “before” spending 1 cent on stock.
You can not only find out how much items have sold for using the “completed listings” button or tools like http://www.tera-peak.com , you can also find out exactly how many times the item sells and… exactly how much the item costs.
How many businesses out there can you find out all this while sitting on your favourite chair, at home, sipping on your favourite beverage!
The secret to eBay like all businesses is to develop a simple step by step methodology which makes money, then… just keep repeating over and over.
Whatever your methodology, just document it and follow it, so you get your profit “ratio”. Once you get your profit ratio, you can then tweak it to improve it.
To your success…
Neil Waterhouse
Author – Million Dollar eBay Business from Home – A Step by Step guide – https://www.neilwaterhouse.com
Which Items make eBay Sellers the most money on eBay? http://www.waterhouseresearch.com
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Hi Neil,
Do you offer any training on how ‘you’ personally use Tera-Peak? At first glance, Tera-Peak appears useful yet overwhelming and it would be interesting to know how you personally use that service to your best advantage.
Thank you,
-Ben
Hi Ben,
Yes I do private consulting, please see https://neilwaterhouse.com/home/ebay-coaching/
Best regards,
Neil
Thank you! I just ordered one of your dvd’s on what to sell. So once I receive that, I will start with that and then get in contact with you. Thanks again for all of your services!
Your welcome Ben. Hope you enjoy the DVD!
Cheers,
Neil