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What are some things I could resell on ebay for profit?

December 14th, 2012 1 comment

What are some things I could resell on ebay for profit?
I am doing this silly little contest thing with a friend where we are to take a hundred dollars to purchase products to resell on ebay. Whoever gets to a certain amount in profit, wins. I have some ideas of what to purchase but I thought I’d try to get some more ideas here on good ole yahoo answers. It can’t be things I already own.
The idea is to kind of get the ball rolling.

It doesn’t matter what you sell. As it is often said, one man’s trash is another man’s treasure. Most everyone collects or wants something or other. If you want to win this contest, you will have to buy stuff on the cheap, not retail or even wholesale.

The thing you want to be aware of with the most popular items is that you will have the MOST COMPETITION from other sellers who sell the same items. To wit, you can’t be competitive and make a decent profit unless you get the best wholesale price to maintain an adequate profit margin. If your opening bid price is higher than other sellers selling the same items, you won’t have many sales.

Where to find stuff cheap:

Look no further than ebay itself. You will not be looking for single item listings but rather your target will be listings that have similar, grouped items. There are ebay ‘vultures’ who just love to swoop down on similarly grouped items in one listing. When they win these auctions, they turn around and sell the items individually and, in most cases, get one and a half to 2 times and sometimes three times what they paid for them on an average item basis. I know this works. When I had more time (read unemployed), I was one of these ‘vultures.’ This is one of those situations where the parts are worth more than the whole. However, do be cautious if you venture into this arena. You have to know your merchandise. Stay in those areas you are familiar with. You can’t jump in blindly to any and every auction that has grouped items.

If you can buy a large lot of similar merchandise for $100 to $200 and turn it around for $300 to $600, it works out very nicely, indeed! Most buyers of these large lots will be vultures as well so you could be ‘butting bids.’ Keep in mind that the higher the closing price at ebay, the less your profit on the turnaround. It’s not an exact science and it does take a little experience to really know what you’re doing but you can’t be afraid to go out on a limb. That’s where the fruit is. When I see an auction of grouped items it tells me loud and clear that the seller is far more interested in getting rid of their stuff the quickest, easiest way possible and ‘be done with it’ rather than in making a decent profit or profit at all.

Short of items to sell and where to find items to sell? Garage and yard sales, church bazaars, flea markets are obvious. These can be the cheapest sources of merchandise. ‘Junktique’ shops are not that good because these folks know their merchandise. This being the case, it is usually OVERPRICED, not under priced.

If you want to let your fingers do the walking, you too can be crafty ‘vulture’ like a select group of other ebay sellers. Become a member of several smaller auction sites and search for bargains there. But as before, ‘stick with what you know.’

These smaller auction sites are great for buyers for the same reason they are bad for sellers:

Fewer potential bidders = Less competition = Lower closing prices.

Turn them around on ebay:

The ebay formula:

LARGEST auction site by far = MAXIMUM competition = HIGHER closing prices

There are also volume sellers who concentrate on only a handful of popular items by buying in volume / wholesale at a discount and selling at a discount. The average schmo at eBay can’t compete with volume sellers of a particular item.

GOODWILL sometimes also has good bargains, but not always. Mondays / Tuesdays are the best days to visit Goodwill as most people will drop off their donations on Saturdays and Sundays and it has to be cleaned, sorted and marked before it can be placed on display.

To maximize profits, sell WORLDWIDE, not just one country. A basic business tenet is, ‘The greater the potential market, the greater the potential to maximize profits.’ It’s TRUE! You will now have access to 200+ million members.

GOOD LUCK!

what is selling good on ebay ?

November 2nd, 2012 13 comments

any helpful ebay selling tips will alos be aperciated , dose ebay charge you if you dont sale a item and you just do a basic plain jane advertisment with no speciale features ?

Read up on FEE-BAY as they just recently altered their prices, commission, fee’s, etc. Enough so that many of the long timer ebay’rs are leaving in droves.

I myself use to have 3 stores on ebay, I have closed down 2 now and in process of closing last one this month. Not worth my time and energy as there is no profit anymore on fee-bay.

Figure if you sell something for $20, after all the listing fee’s, ending fee’s, closing fee’s, paypal fee’s, store fee’s, you might, MIGHT make $5 if you are lucky.

Ebay owns Paypal so they are making out like bandits on both sides of the coin. All they have done is build a web site, they don’t touch product, store product, nothing yet make more than the sellers do who actually do all the work.

Sellers made ebay and they forgot that….so now the sellers are leaving. I know of over 100 big time ebayrs that have closed up due to these recent price changes and the same ole same ole ebay jerking their customers.