Ebay Power Seller Profits

There is money to be made in liquidation products, but you have to know exactly how to find those. So here is the list of tips and strategies.

Know Whom You Are Buying From

You can find plenty of liquidation sources online, but there is only a percentage of those who are really reliable. Now, you can go to the liquidation dot com and see what they have. And most likely from time to time, you can find a good deal, but my advice is to stay away from returns as often there are issues with those products. You can even find smaller local store and see if they have any liquidation to unload. This is a great way to get that product at 10-20% of wholesale.

But if you are going to search for sources online, you have to find if they are really legitimate. The legit company should have the necessary contact information. If you cannot get a hold of them by phone, RED FLAG, move onto the next one.

If you do get a hold of them, great, get to know them a little better and test their customer service. You can always ask for customer references. Remember, if something sounds too good to be true, it is.

Know what you are Buying!

Before you actually make the purchase you have to know exactly what you are getting. It happened to me few times that I got the wrong order. It was delayed, and a whole mess.  Know the details on how much it cost for shipping, and what is the price per item. Get the details in writing, so you have something to fall back on!

Your supplier should provide you with a manifest – an itemized list of the goods on the pallet you’ll be receiving. Try to get the liquidation price, the wholesale price, and the retail.

Know the Real Product Cost Before you buy!

This is kind of a warning. You have to consider not only the purchase cost, but if the items you are getting have to be repaired, you have to count that in. Or cleaned, re packaged. Count those in as well!

Test the Product Market

First find out what is the lowest selling price, the shipping cost, the specifications and look at the auction sites to see if the product is selling. This will help you determine the profit you can expect.

Don’t overlook the slow moving products!

Some of the low cost slow moving products can really help increase your profit margin. For example, if you are selling kids puzzles, you can over sell for additional 10-20% of the initial price if you include the bonus. Keep that in mind!

Just in the case you did not know, the Wordwide Brands Directory has plenty of liquidators who are screened and approved by their company, so you know you are working with the real company.

Finding what sells on eBay is a lot easier than you think. Did you know that eBay releases “hot list” each month, helping people decide what is the best eBay products to sell!

BUT there is the down side, everyone has an access to this data, and in the long run it can hurt you. So you kind of have to judge the list, and see if there is a close to the list product you can resell to them.

eBay Helps You Out!

eBay has a hot items list, and consistently (every month) they update the list with their research data. This helps you because they do most of the market research for you. They also have the eBay pulse and that helps you see the niche market you would never thought of!

You should always consider the trends. Halloween coming, find out which costumes are popular. If it is Christmas coming, see which toys are popular. Summer is coming, any inflatable items that are popular!

You don’t have to sell only on eBay, you can resell on Craigslist as well.

It is more handling for you, but sometimes bigger profits. People don’t really see the Craigslist as the big market, BUT the thing is, it is HUGE! Last year, I was moving, and I had few things that just did not fit with my place. For each one of those, I’ve got 15-20 calls, I wished I had more of the items to sell. Read the rest of this entry »

One of the things that most directly effects how customers will leave you feedback is how you pack and ship their items. Even if you are a new seller, a lot of customers don’t take that into account when they get a poorly packaged item.

This is one area where you don’t want to skimp if you expect to be in business for a long time. As a rule of thumb, pack your items as you would like to receive them had you purchased them from someone else. Use the correct size envelope, mailer, or box when available. Wrap breakable items in bubble wrap to prevent them from getting damaged. If you have to ship something in an oversized box, make sure to use plenty of packing peanuts or other soft packing material to cushion the item… Read the rest of this entry »

Earn Money

The short answer is; anything you can get for less than its actual worth. One way of finding cheap goods to resell is by finding misspell items listed by other eBayers. Suggesting this tends to get you shot down in flames by non-believers – but it does work.

For example: Consider one of the most popular video games of the last couple of years – Grand Theft Auto San Andreas. If, in the middle of 2005, you could’ve bought this game for £10, do you think you could’ve made money?

Of course you could, people were more than willing to pay £20 or so on eBay for this game. Figuring out that many people would spell a word like Andreas wrong, I did a little experiment. Using an eBay arbitrage tool, such as the one found at http://www.BenCatt.com/arbitrage.php I simply entered “san andreas” into the box and clicked Generate. I was then given a clickable link which immediately searched all of eBay for misspellings of “San Andreas”. Typically, each time I did this I would get around 20-30 results… Read the rest of this entry »