Auction Power Guide

profit margins for some sellers is very low.. like 4 – 6%..
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Find everything on sale. Hit the sales at all the stores and find the lowest price for the best quality item in its category.
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I’ve sold on ebay and most people don’t really make that much money. Many items on ebay are counterfeit, some are overstock items that are sold just to make a percentage of the money lost. Also, notice the shipping prices on many items. The shipping is high and that is where they make some of the money.
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If you have a sellers license you can go to warehouses and buy stuff for like 50%+ off.
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Julie,

The real goal behind making money on Ebay is to find/sell those ‘items’ that a large consumer market are always ‘buying’, regardless of the market.

To find the ‘hot items’, for a lack of better words, that are sold month-after-month, check out these two (2) Ebay references:

* http://pulse.ebay.com

Here, you can find a LOT of GOOD information, such as what ‘categories’ on Ebay are hot and/or what the hot selling ‘items’ are as well.

* http://pages.ebay.com/sellercentral/hotitems.pdf

This second resource is a MONTHLY PDF File, composed and maintained by Ebay, which will tell you what categories/items have been consistent ‘hot items’ from month to month. While the PDF file will change with each passing month, the URL above WILL NOT! So, bookmark it and continue to review it every month.

The next thing to consider is finding ‘drop-shippers’ of some of these products. The benefit to having a ‘drop-shipper’ is that when your auction is over, you send the request to the drop-shipper, they then take over the ‘customer experience’ and will handle everything from shipping the product to the customer, dealing with charge-backs and most everything else you can think of that would be common place in any type of transaction.

Another key to being highly effective/successful with Ebay Auctions is understanding all the different types of ‘auctions’ there are and how each one can help increase your sales.

A great resource that I recently came across which outlines everything there is to know about ebay auctions and making money is found in an ebook I came across not to long ago and you can get a copy if you’re interested in taking your auctions from ‘somewhat profitable’ to ‘hugely profitable’. The link is here:

http://fhurl.com/b663

Remember though, nothing is ‘easy’ when it comes to making money on ebay. If it was, then everyone would be selling on ebay, but since we know that’s not happening, you CAN profit from these techniques!

Hope this helps?

Cheers,

Jack G.
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A lot of the profitable stuff is liquidated or overstock items, especially things like clothing. It is new, but a department store or chain decided to stop trying to sell (overstock, liquidated or shelf pulls), or sometimes a factory will make too many items (overrun). Sometimes they will buy returned items, and while you have to pick through the bad, you can also find a lot of good. You can buy these things in lots at about 15-25% of retail and sell them for 40-50% of retail. Many people triple their money each lot they buy.

Buying a liquidation lot does take some money, normally starting at about $1,000-1,500 minimum. Then you also have to have a place to store the stock, so people usually use a garage or get a space at a rent-a-center.

I sell imported items and liquidated lots to a number of eBay resellers. If you’d like more information, contact
info@andesglobaltrading.com
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I am an exporter and liqidator and former eBay seller

As an ex-ebay seller, I can tell you that its not as easy as it used to be! I sold for 6 years there, and was a powerseller for the last few.

The be successful on ebay, you have to have good items, fair prices, and good customer service. You also have to have good descriptions with really good pictures. Dont rip off the buyer by inflating the shipping, as it just makes people angry.

Find something that you know a lot about and love, and then see if people buy that type of item. Also check your competition. Are there so many other people selling that widget that you will be hard to find in the mix? Try to deal with something that not a lot of other people are selling.

Watch out for drop-shippers that arent reliable, and wholesale lots. We purchased a pallet of shelf-pulled stuff one time. ONE TIME. Spent $800 for things that I ended up not even being able to sell at a garage sale. What a waste of money and time!

I personally would not trust a drop shipping company. Im sure that there are some legit ones out there, but if I dont have the item in my own hands, then I cant know that it is as good as I am telling my customers. If I dont put it in the mail, then I cant know for sure that it is being sent. Customers dont like to wait for weeks or months for their purchases. They want their new prize to be shipped right away, and as a paying customer, they deserve that.
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