To makey money on eBay, you need to be knowledgeable and act fast.
Knowledgeable: know what sells fast and the market value of those items.
Act fast: those Buy it now items go fast if they are good deals. Why? Because so many people are watching. For auctions items, you need to act fast to bid at the last minutes in order to win those overlooked items.
The same rule applies to Real Estate:
Knowledgeable:Do necessary research so that you are knowledgeable about the property you are selling or buying.
Act fast:When the right property enters the market, act fast before anybody else takes any action. Or if you are a seller, act fast on the right buyer before he/she buyers from somebody else.
How I practice these two rules in Commercial Real Estate and business brokerage, as well as residential real estate brokerage?
Knowledgeable: I am well educated in economics, management, math, politics, international trade, computer and internet, code of ethnics and marketing. I do the necessary homework for every project that I participate.
By the way, I can do a lot more analysis and save a lot of time as a result of being a computer programmer and a statistician.
Act fast:I use all the technology to keep me connected with the people that I work for/with. I subscribe to as many as possible databases. I set alert on my cellphone using Text Message, instant message and email. My cellphone is my second brain that is always connected the internet. I am always just one phone call away, one text message away, one Instant message away, one email away and one click away on my website. I am always fully prepared for any decision. I help my clients fully prepared as well.
Disclaimer: I use the above two rules in my daily life. It is recommended that you work with your local real estate experts to make a decision as not everybody can follow those two rules. The above two rules are not meant to be the ultimate two rules. It is just a summary of what I think the best rules. Your mileage might vary.