You would have heard of people making a lot of money with eBay, selling various products. These success stories compel us to read about eBay and understand how it works.
It is an auction website that is said to be one of the largest online websites and receives millions of visitors every day. Selling on eBay gives us the opportunity to sell to people from all over the world, unlike a physical store, where only locals are targeted. Earning a full time income from home is no longer a dream!
Your first question would be what to sell and where do you find products to sell? Start by selling the few odds and ends that are lying around the house. The saying that one man’s junk is another’s gold holds so true. Of course, that doesn’t mean that you sell under quality stuff. Below are some of the ways to find products to sell on ebay:
Your Home
A good place to find products to sell in the initial stages is your home. I am sure you have plenty of baby clothes, car seats, toys, monitors, books, china, cards, comics, electronics and a number of other things. As long as they are in good condition, these can be sold easily. Once you make some cash with these, you can venture into buying stuff for selling on eBay.
Second Hand Shops and Garage Sales
With the money that was made from selling things around the house, you can now start buying from second hand shops and garage sales. Look out for things that are in good condition. If you are lucky, you may find things that sell well. Do not venture into selling things that are too heavy and go for lightweight items that are easy to send. You will be amazed at the number of things you will find and the profit that can be made.
Wholesalers
Once you have made enough from the above methods, you can start searching for a good wholesaler, where you can find goods at great wholesale rates.
Finding a good wholesaler is not an easy task. There are so many so-called wholesalers whose prices are not competitive. You will not find much help here if you ask others because nobody wants to share the names of good wholesalers as they don’t want competition. This is the art of survival at it’s best!
First, you will need to look around at what is being sold on ebay and what sells well, and check the pulse of eBay. From my experience, I would say that electronics sell very well and since new ones keep entering the market every day, you will find a lot of buyers. Search for wholesalers in this niche, and settle for one that is the best.
I would suggest you join Salehoo.com. This is a place where you can find some of the best wholesalers for anything and everything you can think of. They even have a forum where you can meet others and get some ideas on legitimate wholesalers.Drop Shipping
Drop shipping means selling for someone else. You will not have to buy anything or stock any
products. The supplier stocks all products at the warehouse and shipping is done directly to the customers you point out. All you need to do is decide what you want to sell and list it on eBay. Once the item is sold, the customer will send the payment to you, you will then send the payment to the supplier and the supplier will dispatch the item to the customer.
The supplier has his product catalog with wholesale price to each product and you decide what items in the catalog to sell at a retailed price fixed by you. How are you going to fix the price? The price you fix should be based on the supplier’s price, eBay fees and delivery costs.
The advantages of drop shipping is that you don’t need any upfront money nor do you need any stock. There are a few disadvantages too. You will not know whether the supplier has enough stock of the item you are selling. You will need to constantly keep in touch with the supplier and checking out supplies. This is where a good genuine drop shipping company helps. I have compiled a list of US drop ship company to help you find a drop ship company that is suitable to your ebay business. Click here for the list.
Flea Markets
If you are one to frequent flea markets, you would know that it is a place where vendors sell their goods or even trade goods. You will find inexpensive goods from various parts of the country. It is a known fact that the second hand goods found at flea markets are sometimes worth far more than what the buyer pays. If you can lay your hands on something like that, you can make a fortune at eBay.
Discount Stores or Department
A discount store is a retail store where things are sold much cheaper than at a traditional department store. You can find a wide assortment of goods like electronic equipment, jewelry, electrical appliances and many others. Wall-Mart, Target and K-mart are examples of such discount stores that attract price conscious customers. If you are living in the US, this is going to be great for you, as you can make a ton of money just buying here and selling on eBay.
Trade Shows
Trade shows are the place to be for someone who sells on eBay. This is where all the manufacturers meet and you will have a chance to get the information straight out of the horse’s mouth, before actually deciding on buying their goods. Before deciding on going to a trade show, try and find out which manufacturers are going to be there and what the goods are. If it is anything that you are interested in selling, you can meet the supplier.
Just use your imagination to find goods at inexpensive prices. There are some more for the road, which include Government auctions, Liquidators, Newspaper and magazine classifieds and wholesale gift catalogs.
Remember, wherever you choose to get them from, use your judgment in determining the quality and worth of an item and go for it only when you are sure in your mind that this is going to bring in profit after deducting all the other expenses involved.
It is an auction website that is said to be one of the largest online websites and receives millions of visitors every day. Selling on eBay gives us the opportunity to sell to people from all over the world, unlike a physical store, where only locals are targeted. Earning a full time income from home is no longer a dream!
Your first question would be what to sell and where do you find products to sell? Start by selling the few odds and ends that are lying around the house. The saying that one man’s junk is another’s gold holds so true. Of course, that doesn’t mean that you sell under quality stuff. Below are some of the ways to find products to sell on ebay:
Your Home
A good place to find products to sell in the initial stages is your home. I am sure you have plenty of baby clothes, car seats, toys, monitors, books, china, cards, comics, electronics and a number of other things. As long as they are in good condition, these can be sold easily. Once you make some cash with these, you can venture into buying stuff for selling on eBay.
Second Hand Shops and Garage Sales
With the money that was made from selling things around the house, you can now start buying from second hand shops and garage sales. Look out for things that are in good condition. If you are lucky, you may find things that sell well. Do not venture into selling things that are too heavy and go for lightweight items that are easy to send. You will be amazed at the number of things you will find and the profit that can be made.
Wholesalers
Once you have made enough from the above methods, you can start searching for a good wholesaler, where you can find goods at great wholesale rates.
Finding a good wholesaler is not an easy task. There are so many so-called wholesalers whose prices are not competitive. You will not find much help here if you ask others because nobody wants to share the names of good wholesalers as they don’t want competition. This is the art of survival at it’s best!
First, you will need to look around at what is being sold on ebay and what sells well, and check the pulse of eBay. From my experience, I would say that electronics sell very well and since new ones keep entering the market every day, you will find a lot of buyers. Search for wholesalers in this niche, and settle for one that is the best.
I would suggest you join Salehoo.com. This is a place where you can find some of the best wholesalers for anything and everything you can think of. They even have a forum where you can meet others and get some ideas on legitimate wholesalers.Drop Shipping
Drop shipping means selling for someone else. You will not have to buy anything or stock any
products. The supplier stocks all products at the warehouse and shipping is done directly to the customers you point out. All you need to do is decide what you want to sell and list it on eBay. Once the item is sold, the customer will send the payment to you, you will then send the payment to the supplier and the supplier will dispatch the item to the customer.The supplier has his product catalog with wholesale price to each product and you decide what items in the catalog to sell at a retailed price fixed by you. How are you going to fix the price? The price you fix should be based on the supplier’s price, eBay fees and delivery costs.
The advantages of drop shipping is that you don’t need any upfront money nor do you need any stock. There are a few disadvantages too. You will not know whether the supplier has enough stock of the item you are selling. You will need to constantly keep in touch with the supplier and checking out supplies. This is where a good genuine drop shipping company helps. I have compiled a list of US drop ship company to help you find a drop ship company that is suitable to your ebay business. Click here for the list.
Flea Markets
If you are one to frequent flea markets, you would know that it is a place where vendors sell their goods or even trade goods. You will find inexpensive goods from various parts of the country. It is a known fact that the second hand goods found at flea markets are sometimes worth far more than what the buyer pays. If you can lay your hands on something like that, you can make a fortune at eBay.
Discount Stores or Department
A discount store is a retail store where things are sold much cheaper than at a traditional department store. You can find a wide assortment of goods like electronic equipment, jewelry, electrical appliances and many others. Wall-Mart, Target and K-mart are examples of such discount stores that attract price conscious customers. If you are living in the US, this is going to be great for you, as you can make a ton of money just buying here and selling on eBay.
Trade Shows
Trade shows are the place to be for someone who sells on eBay. This is where all the manufacturers meet and you will have a chance to get the information straight out of the horse’s mouth, before actually deciding on buying their goods. Before deciding on going to a trade show, try and find out which manufacturers are going to be there and what the goods are. If it is anything that you are interested in selling, you can meet the supplier.
Just use your imagination to find goods at inexpensive prices. There are some more for the road, which include Government auctions, Liquidators, Newspaper and magazine classifieds and wholesale gift catalogs.
Remember, wherever you choose to get them from, use your judgment in determining the quality and worth of an item and go for it only when you are sure in your mind that this is going to bring in profit after deducting all the other expenses involved.
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