We all have seen the ads and infomercials on TV from the like of Dave Espinosa and others, hawking their eBay reseller kits and proclaiming how many people make substantial incomes off of Ebay. Is it possible? Yes, there are quite a few people out there that their entire income source is derived from auctions like eBay and Yahoo auctions. Is it easy and where do they get their items cheap enough to resell on eBay for a big profit? Well, that takes a little delving into.
First you have to identify a product or item that has an immediate demand. It does not matter how good the price you get on something is if no one wants to buy it, right? Scour eBay and you can easily find some hot selling items like Ralph Lauren polo philadelphia phillies shirt, Dolce & Gabana jeans, almost anything Versace, etc. Jot down these hot items. Do not be like some sellers that sell knock offs incorrectly listed as originals, you may make a quick buck, but will soon be found out and labeled as a scammer and your sales and feedback scores will plummet. Its not worth it. A good feedback score and reputation will make you or break you on Ebay.
The best sources may even be local to you. Many Ebayers buy items from Marshalls, TJ Maxx, and even their local dollar stores and resell them on Ebay. eBay is a huge market place and the possibilities are limitless. The better the pictures and the more detailed your listings and product descriptions the higher the price you will fetch. You can then grow into bulk. Many companies will sell bulk lots of overruns and extra out of season stuff from clothes to outmoded electronics gear. This is easy, just Google wholesale or bulk lots. Be prepared to buy a lot of 2000 or so items. You will get a great price break, but so you do not get stuck with 2000 or more items that no one wants, do your research first.
Proper research is the key to making it big on Ebay. If you do not do it, you will not make it. It is that simple. eBay and the internet can make you and they can also break you. Go to advanced search on the upper right hand corner of any eBay web page. On the resulting page look up items that are selling and only look at items that have bids. You can also click on sellers and see what other items they are selling. This will give you an idea of what is hot and what is not. Also look up completed auctions. This will tell you what specific items are selling for on average and why one sellers listing brings a higher value than anothers. Once you have done your research and determined that there is a high demand and good profit potential for an item or two, find a good source for it.
The easiest way to find your sources is to Google the keywords of wholesale, bulk, lots, and their variants along with what you are looking for. You will be surprised at what you find. Yes, you will have to weed through a lot of sites that are incorrectly listed and junk sites, but that is the nature of the internet. If it were too easy, everyone would be doing it. There is a little work and risk involved like the best prices and highest profits involve huge bulk orders and if you do not do your research correctly you could be left with a huge order and no sales.
I cannot say this enough research it thoroughly. If you do not believe me on this, just look up wholesale or bulk lots on Ebay. Most of the listings you will find are from people that bought bulk without proper research and are just trying to unload their bad buy or investment and cut their losses. Sometimes these listings can turn out to be gold also as they may not have properly listed or displayed their items and that in itself can be the difference between a big powerseller and a want to be. Take it from me, I am one of the original eBay powersellers since 1996 and research and properly displayed listings with high feedback ratings are the key to making it big on Ebay, regardless what items or category you select.
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