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Buyers Guide
Where do I Source Products to Sell on eBay ?
There are a number
of sources for products to sell - and one of the primary sources
is right under your nose!
eBay is a perfect source
of goods for resale, and many people make a very good living simply
buying and reselling on eBay. Here are a number
of ways to buy cheaply, and resell at a higher price using the
guidance in the Sellers Guide:
- Buy when the market is quiet
- you will need to research when the market for your chosen
product is quiet , but generally the market is quieter during
holiday or vacation time when people are more likely to be
sunning themselves or doing other things than being on the
PC! Conversely, more activity happens at the weekend , so
look out for bargains that you can buy mid-week. Of course,
as a seller you will ensure that your product sells at peak
time to maximise your profit……………
- Look out for misspellings
Check for items that will not
appear under an ordinary search. Anyone trying to sell a "Ladtop"
will find it difficult to tap into the main market, because
their product will not be found under a search, so if you
find these types of product, you are likely to be able to
buy the product for far less than it is worth, and be able
to sell it immediately at a profit!
- Buy from poor sellers - take
all the advice from the Sellers Guide,
and seek out sellers who ignore it. This has some inherent
risks, and you must accept them if you want to make money
this way, but there can be great returns that more than make
up for the odd bad experience! Look for sellers with less
than ten positive feedbacks
- other buyers will not touch them, so the price they get
for their item is likely to be lower than you can get with
your great feedback rating!! (If you need a refresher on how
to do this, click here). Check out other
sellers without a picture or a poor description, and take
a risk - most other buyers won't do this, but you will need
to make a judgement on whether you can afford to be stuck
with a dud! Whatever happens remember that if you give negative
feedback, these guys can retaliate and knock your business
through no fault of your own. Another excellent reason to
have more than one account
- Check out different markets - eBay
now exists all over the world, so why limit the source of your
products to sell to one market? Use the currency converter to see what the best country to
buy you product is. You will need to take
shipping costs into account in your comparison though, and make
sure they will ship internationally before bidding!!! Click on
the links below to get an idea of the other English speaking markets
- providing you are registered you
do not need to register again and you can buy from whatever eBay
instance you choose! You may however decide to register with a new account for each market, both to safeguard your feedback whilst dealing with unfamiliar markets and to be able to track your dealings with the different sources......
but you don't have to and you don't have to register in the country to be able to use their market (but you can if you wish!. You can do it all by registering on eBay.co.uk
for instance I have an account that I use exclusively for trading on eBay.com
which allows me to track all dealings on that site seperately from dealings on eBay.co.uk
Other Sources
Although
eBay is a great source of products to sell, it
is not the only one! Some of the other sources are listed below:
-
Garage / Jumble sales, charity shops - you may have noticed
that people will buy almost anything on eBay, and that one person's
"rubbish" is another person's "treasure" - after all you cleared
out your attic to sell all those things that you didn't want any
more didn't you?. That said, this used to be a very lucrative
source for selling, but not as much nowadays. Charity shops are
getting increasingly good at using eBay to increase their income,
and other people are using eBay to sell the contents of their
attic rather than the local garage sale. Profits can still be
made, but they are harder to generate!
- Closeout sales, liquidators, bankrupt
stock etc - buying in bulk bankrupt stock can sometimes
be profitable providing you aren't too particular what it
is that you want to sell! There are reputable companies like
Liquidation.com
that you can purchase bulk bankrupt stock
at great prices, and resell on eBay.
- Dropsellers - Dropsellers
are companies that will ship products directly to your customer
for you. You can start to sell products that you don't actually
have in your possession, and someone else does the hard work
for you. To good to be true? Well, the truth is that in a
lot of cases, yes it is too good to be true, so BE CAREFUL
WHEN USING DROP SHIPPERS. Check your pricing and ensure that
you can make a profit on top of what the goods cost you, and
always research intensively before getting involved with any
drop shipping venture. Remember, if the product is no longer
for whatever reason, it is you that have sold to the customer,
and it is your feedback rating that will suffer!! Yet another
reason to have more than one account. I would recommend that
if you go down this route then only go to:
Worldwide
Brands inc.
Before you trade make sure that you have an
alternative drop shipping eBay account That you use exclusively
for drop-shipping.
That's it for now, but make sure that you
bookmark the homepage and visit us again soon - this website
is in development, and we have only just started to scratch the
surface of what is possible!!!!
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