Auction Power Guide

Do they steal them??? I don’t get this whole ebay thing when the sellers have their own store where they sell things such as pottery barn returns, when there is nothing wrong with the items and they are not discontinued. Where are they getting them? Please explain this to me.
What’s a "drop shipper"?

There are many sources where sellers get their merchandise. If you buy in bulk, you can get a good deal from a wholesaler. Depending on the item, you may have to buy several hundred units at a time which you can sell indiviually for a profit.

You can also purchase products from liquidators. Again, you have to buy by the truckload. Not all the stuff you get is resellable, but there should be good stuff mixed with the bad. You can also find liquidators that will sell by the pallet.

Major chains have factory outlets and closeout centers. If you happen to live near one of these stores, you are really lucky.

Less frequently, you can find clearance items in the stores. However, these are hard to come by.

You can find some good deals at going out of business sales, and business liquidation auctions. You need to know what you are looking for or you can easily overpay of stuff.

Garage sales and flea markets are another good source of finding bargains. Again, you need to know what you looking for.

Thrift stores like the Salvation Army and Goodwill will occasionally have a diamond in the rough. If you can spot one of these, you can make a huge profit.

If you live near one of the large liquidation resellers like Big Lots or Tuesday Morning, you can often find things that you can resell on eBay.

Of course there are tons of knock offs available most of which come from China. Having a connection with an import exporter can get you some of this questionable merchandise.

But most people sell what things they previously bought and no longer want. Much of the items you see are from these types of sellers.

Finally, there are the countless dropshippers on eBay. These people try to sell goods from various dropship suppliers. When they make a sale, the item is shipped directly from the dropshipper to the buyer and the seller gets a cut of the proceeds. This is a cut throat market and in my opinion a huge waste of time.

We won’t even discuss the dealing of stolen goods on eBay. You know it is there, but you can’t stop it.

Good Luck,
Bill
Visit http://www.newlifeauctions.com for more eBay tips.

There is a variety of ways to make a substantial income on eBay. Here are the best ways to find product to sell on eBay.

#1 Sales and Clearance

Most people start here with sales items and clearance. There are a few great ways to find product on sale that will make you a profit on eBay. First you want to make sure that the product is marked down at least 50% to allow yourself a decent profit after eBay fees. People will generally purchase an item on eBay for 30% below manufacture’s suggested retail price.

Department stores are a great place to find product to sell. Quite often department stores will have days where there is an additional 30-40% off sale items which is the best time to buy up for eBay since quite often this product is still current too.

Another way to get a great deal is to talk to a manager about getting a discount on entire clearance rack in a clothing store such as Abercrombie. Quite often they will give you an additional 50% off the sale price if you will take the entire rack off their hands.

Occasionally you can find hot sellers at discount stores like Big Lots so keep your eyes open.

#2 Product Available In Your Area, But Not Everywhere

You may have stores in your area that people do not have in other parts of the country such as outlet stores. For example, a top seller on eBay is Coach Handbags. The only place you can get Coach Handbags at a price discounted enough to make a profit on eBay is from a Coach outlet.

Specialty chain stores are also great sellers such as Pottery Barn clearance items. Many parts of the country do not have access to a Pottery Barn except through the catalogue and the miss out on in store sales.

#3 Classified Ads in Your Area

The first time we tried this we found a brand new sealed-in-box laser copier for $200 and we saw that it was going for $400 at Office Depot so we knew we could bank on this item. We hurried over and picked up the copier. The guy selling the copier could sense our excitement and made a comment that he might be underselling the machine. We sold the copier for $380 on eBay. Nice profit for an hour of work!

#4 Wholesalers

Once you start growing your business on eBay it will come to a point where purchasing from wholesalers makes the most sense because you can set up a standard operating procedure for your business that will keep it organized as you grow. Finding 10-20 top sellers on eBay through a wholesaler could easily ensure a six figure income without having to run around town and constantly create new ads. Pick a niche that you are interested in and that sells on eBay, and then look for wholesalers in that category.

You will need to be set up as a business to start purchasing from wholesalers with a valid EIN and Resellers Certificate.

#5 Buying Products Directly From the Manufacturers

China is by far the largest resource for product directly from the manufacturer. It can seem overwhelming purchasing from China for the first time. A good place to start to find product and manufacturers are the following sites:

www.Made-In-China.com

www.Alibaba.com

Just contact the company through email that you are interested in their product and they will guide you through the whole process. Usually there are large minimum order requirements, but most companies are willing to allow a few sample orders so you can test the market for the product before investing thousands of dollars. These companies will also guide you through shipping and customs. Be careful buying known brand names since many are fake. Ordering from China is best for product where people aren’t sold by the brand name but the function of the product.

Good Luck selling one eBay!

Ben Stevens

OnlineInstantProfits.com

© Online Instant Profits

Ben Stevens
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