How to sell on ebay

Virtually everything is for sale on eBay. One night while watching tv I saw this advertsment on dewalt and next thing I'm looking for a dewalt saw on ebay. Guess who is the proud owner of this.. You Geussed it.

Next turn to your hobbies and interests. Too many sellers think the only way to make a fortune is to buy hundreds of the latest hot selling items and put up dozens of auctions. The problem is that hundreds of other sellers are doing the same thing. (If you don't believe me do a search for diet pills, or cell phone boosters) As you gain experience you can move into these markets, but this area is fraught with danger for the new seller. There are plenty of companies with enough money to import these items directly by the thousands and undersell anyone who buys through a distributor or wholesaler.

Sell something you know something about. Almost everyone collects "something." If you are knowledgeable about a collectible or an art object, then you have the ability to do the research to find the products at prices you can resell.

Once you gain experience try to focus on larger dollar items. If you only make $2.00 profit per sale, you have to close (and ship) 1000 auctions per month to make $2,000.

Another technique is to sell items in bulk. If you bought a large box of videotapes at a garage sale, separate them into categories and sell them as a lot. You will often make more money than selling them individually. This can also work for clothing. There are sellers that buy children's clothing from garage sales, sort it by size and gender and sell it in lots. One of my neighbors does this. She will typically pay between $3 to $6 total for several pieces of clothing that she can get over $20 for on eBay. She does the same thing with closeout dealers. She will buy a pallet load of new children's clothing, sort it by size and sell it in lots of 5 or 10 pieces. Although she might make slightly more selling the pieces individually, this way they sell quicker, the average sale is larger and she turns her inventory over many time more often than she could otherwise.

On eBay seller I know purchases large lots of the hot selling items on eBay (cell phone boosters, pocket knives, etc.) and turns around and sells them in lots of 10 or 25 to other eBayers who want to buy for resale. He recently imported 50,000 disposable cigarette lighters from Korea that he bought for about 11 cents each. He sold them on eBay in lots of 500 for 32cents each. He made $125 on each lot less his eBay fees. I asked him who was buying the lighters and he said that most of his buyers were flea market, gas stations.

Everyone wants to sell computers, software, movies, DVD's, digital cameras and all sorts of consumer electronics. The sad fact is that SONY, Panasonic, Canon, and others don't sell their latest hottest products to small dealers who work out of their home.

It is possible to get into this business if you have a lot of market and product knowledge (such as you work in a computer store) and you have the contacts to buy the merchandise.

The problem is that you are competing with major retailers, some who sell under their own name and others who sell under blind usernames. One way you can succeed selling consumer electronics is with overstock and closeout merchandise. Millions of dollars worth of consumer electronics, computers and software are sold by closeout dealers every week.

The trick is to really know what you are buying and to be able to work on small margins and turn your inventory over often. Unfortunately it takes quite a bit of capital investment.

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