Sucess Profile: Meet Young Internet Millionaires All Under 25

1:59 PM EDB

Welcome to the millionaires club. Meet five entrepreneurs who all were able to make millions before the age of 25. Their stories embody the American dream, from geek turned billionaire to high school senior turned millionaire all before 20. What do all these millionaires have in common, a great idea, discipline and determination.

Click here for the full story of 'Young Internet Millionaires'

How to Successfully Sell Your Products On eBay

10:16 AM EDB

Many entrepreneurs are using E Bay to sell their products online, as it lets them go into E-Commerce without the trouble of setting up their own E-Commerce websites. For many entrepreneurs, E Bay is their only storefront. It is also great for testing new products. But just listing a product on E Bay does not guarantee that it will be sold, as many E Bay items go unsold everyday. The following tips would help you to successfully sell your products on E Bay and be an E Bay Powerseller.

1.) Look at the competition. If there are similar products listed, what prices they are selling at. If a similar item is being sold for $50 than it is no use offering it at $60.

2.) Your listing should be accompanied by a good quality picture. Make sure people can see what you are going to offer. If you do not provide a good picture, even an excellent description of the product won't have much effect. The best thing is to provide multiple pictures taken from different angles.

3.) Create an 'About Me' page on E Bay. Just add a little information about you and your business. This will build your credibility among the E Bayers.

4.) Pay attention to the writing of your E Bay listing. Provide complete details of the product, focusing on the benefits of using the same. Use search engine friendly keywords in the description. This will attract organic traffic from the search engines.

5.) Disclose your terms and conditions clearly, particularly the shipping details. If you ship to different countries, mention the shipping cost for each country separately. Any other special term or condition should be clearly mentioned.

6.) If you have positive feedbacks, show them in the description for your auctions. This will build confidence among your buyers.

7.) Accept different payment methods like Paypal, checks, credit cards etc. More payment options will attract more buyers to your auctions.

8.) Check your e mails regularly. Prospective buyers may want to know many things and may send you mails. If the mails are not answered in time, they may buy from somewhere else. After you make a sale, don't forget to follow up with your customers.

Earn Up to $50/hr With Holiday Decorating Service

3:55 PM EDB

A simple and affordable way to add some cash in your pockets just in time before the holidays is to start a holiday decorating service. If you have experience decorating and hanging Christmas lights you could offer to decorate residences and local businesses within your community. All you need is lights, a trim, ladder and do the work and offer to take them down after the end of the season.

If you have pictures of past homes you've decorated including yours, add them to a portfolio to show potential prospects. To make even more money, even extend your service into the interiors of the home as well. Initial start-up should cost you as little as $500 to buy trims, lights and power strips. Advertise in stores that sell holiday decorations, pass out flyer's in the neighborhood and take out an inexpensive add in the local newspaper. You can charge by the hour up to $50/hr and develop themes in small to large offerings depending on the clients need.

Want more information? Click here for Cashing in On Christmas Guide.

How to Use Facebook to Promote Your Business Online

9:19 AM EDB

Facebook is a social networking site, which is used to connect people and to develop good relationship with each other. It has thousands of members from different parts of the world. The members include students and teenagers as well as adult professionals, businessmen and people from other backgrounds. Facebook is also widely used by internet marketers to market their products and services. The following are five steps which can be followed to do business on Facebook.

Profile - Your profile page is your starting point on Facebook. In the profile page, add as much information about you as possible. Add photos of your friends and family. There is an application called 'Twitter Tab' which will post your Twitter updates on a separate tab. The profile page should be designed very carefully as a good profile page generates many page views. It is the starting point to establish your presence on Facebook.

Friends - The next important thing is to add friends. Add as many friends as you can. Look for people who will benefit from what you have to offer. There are different groups on Facebook. Become members of groups which are relevant to your niche. All Facebook groups have a wall where you may put up some useful information for others to see.

Start your group - The best thing is to start your own group on Facebook. You can invite your friends to join your group. Having your own group is like having your own subscriber list on Facebook. Groups are the simplest way to build a community around you and your product. Facebook groups have boards where you can post various discussions, photos, videos and other links. You can also send messages easily to the members of your group. These groups can also be used to do viral marketing on Facebook. There is a system which allows the members of your group to invite their friends to join that group. Also, the group name will appear on each member's personal profile page. Starting a group is free and you can start as many groups as you want.

Facebook pages - These are similar to groups but with some important differences. Unlike groups, you can add HTML, Flash and other applications to Facebook pages. Also, there are no limitations on the number of members to whom you can send messages.

Facebook marketplace - The marketplace can also be used to promote your products. Here, you can post ads, just like any other classified site. But spamming is strictly prohibited.

Click here for the ultimate facebook business guide.

9 Advantages of Starting an Online Home Based Business

9:50 AM EDB

All over the world, people are looking at starting an online home based business and start earning extra money from their homes. A home based business has many advantages, some of which are described below.

1. You can start a home based business part time, while maintaining your regular 9 to 5 job. So, you do not have to worry about paying your bills and can work for your home business in your spare time. After you start earning a regular income from the home business, you may quit your day job and concentrate fully on this business.

2. An online home based business requires a much less capital investment, compared to a bricks and mortar business. You can start an online business with just a PC with internet connection. The other expenses are mainly the cost of purchasing a domain name and web hosting.

3. You become your own boss and choose your own hours. You can spend more time with your family and friends. You can take long holidays and even retire when you want.

4. You will not need any separate office space for running a home business. You can use a spare room in your house as your office or may even work from your own bedroom. Also, if you are into affiliate marketing or drop shipping, you are not required to keep any stock of goods.

5. Your earning potential is unlimited. The harder you work for your business, the more money you can earn.

6. You can automate many business tasks, using various tools which are readily available online. For example, autoresponders can be used to send e mails. It saves a lot of time and makes your tasks easier.

7. In an internet business, competition is not a major factor as the number of online shoppers are increasing day by day.

8. With an internet home business, it is very easy to branch into other niches. When you are making money from one website, you can easily start another website in a totally different niche and generate more income.

9. An internet business works for you 24/7. So you make money even when you are sleeping. Some countries offer tax savings for starting a home based business.