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eBay Money – Still Selling Well

There’s a big question you must answer when considering ways to find bargain priced goods : Which sources deliver the least amount of hassle for the most profit?

Let’s consider the 7 most creative local sources however first, understand that eBay no longer permits sales of downloadable ebooks and software. Everything sold on eBay today must be a physical product that may be distributed to the buyer.

While the list below of 7 suggestions concentrates on your neighborhood, make it a point to search online for providers of products you can purchase at wholesale and sell at retail. There are numerous such websites offering deals so you must be really wary and do your research.

At the end of this article is a link to my point by point guide which includes a wholesale product membership site that is rated 1 for member statisfaction, guarantee, and quality of products. Check them out after you exhaust the local sources. They also have an affiliate forum where members help each other succeed.

One more factor to think about is Shipping, Handling, and Sales Tax. Many wholesale product sources will dropship products to your clients so you never essentially handle the products. Sales Taxes are another matter. You check your state for rules on this.

Now, here are the top 7 methods to find low cost products hereabouts that you can sell on eBay :

1. Household sales.

Probabilities are you have gone most of your life seeing adverts for these and ignoring them. I still do ignore them because I loathe getting up early to beat the crowd for the bargains. Having said that , you must start going to as many of these sales as you can. You won’t always find good bargains at each one, but , when you find one seller with lot’s of excellent stuff, make them an offer for the lot! They are going to be pleased to give you a genuine good price. Just toss the junk and sell the in demand items on eBay for a nice profit.

2. Flea Markets.

If your area has flea markets, then go to them regularly and look round for anything with profit potential and get it. Again, see if you can make a package deal. Sellers love to make a fast sale so they can pack up early.

3. Pawn shops.

Pawn shops are getting harder to find but they can be a rewarding source. Pawn shops operators don’t generally know about how much the stuff is worth if they sell it on eBay so some real bargains are going to be had. The exception is gold and dear stones. They know the value of those however usually, they put the rest of their stock out on the shelves haphazardly, knowing that ultimately somebody with a little money will come in and buy something. Again, the buy-in-bulk rule applies. Make them offer you a reduction for some stuff you think might sell well on eBay. And, never tell them you’re selling on eBay!

The same is still true for second hand or next-to-new stores. Grab some bargains!

4. Real live auctions.

It’s a proven bet that you can resell things for over you pay for them at an auction. Of course , they only have some folks attending so competition isn’t as hard as you may think. Remember, you’ve a few million prospects to sell to on eBay so go that small bit more on your bids on items you know will sell well on eBay.

5. Local papers.

This is great way to beat out other potential competitors. Place an advertisement in the local paper that reads [*CO]’I pay money for your ( name item )’ with your phone number included. If you can afford it, make it a big display ad to stick out. Families will call you first rather than go through the hassle of running their own ad and having to handle phone calls and tire kickers.

6. Ad boards.

Put one of your advertisements on the grocery store or laundromat community board, saying’I Pay cash for your ( name item ) .’ Here again, people will call you to avoid the hassle of advertising and folks calling them at all hours or not showing up.

7. Friends, Neighbors, Relatives.

Ask your family, mates, and neighbors too, if they have anything they would like to sell and ask them to spread the word to everyone they know that you are buying. Or, ask them to let you sell their stuff for them and split the profits. We have one store in our town that publicizes for stuff to sell on eBay and splits the profits with the owners of the things sold.

WalMart is particularly good because they have loads of items in their clearance aisles that you can buy cheaply and sell in places of the country that do not have a massive discount store like WalMart. WalMart’s return policy makes this a steal because many of the products were not really used at all, while others are simply discontinued models or end of season sale items.

As an example, my daughter bought a collection of 8 glasses for and sold them for a pair on eBay. Good profit, indeed!

Do you want to learn more about how I run my affiliate marketing business online? I have just completed a brand new free system. Demonstrating exactly how to find eBay markets and products to sell.

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by Okinawa Soba

Make Money on eBay – Can The Little Guy Still Make Money on eBay?

I get this question a lot and it has three answers: “Yes,” “no” and “maybe.” Let’s see which one applies to you.

There is no doubt that it is much harder for the individual operating out of their home to make money on eBay today than it was even a couple of years ago. When I started on eBay in 1999, eBay was a license to print money. A little guy (or gal) like your or me could sell almost anything and make money. As far as finding merchandise to sell you could source garage sales or buy surplus and overstocked products from hundreds of dealers. Today, however, many of those same dealers that use to sell to me, are now selling the same items on eBay at the same price they used to sell to me.

There are still some overstock dealers who can supply product, but they are fewer. There is also much more competition on eBay today than in past years. Today there are over 1000 large companies with employees, warehouses and sophisticated distribution systems competing for the eBay bidder. In addition to the independent large power sellers there are companies such as Disney, Lands End, Bloomingdales Department Store and many others who either list directly on eBay or have hired companies to sell their merchandise for them under another name.

Three Strategies to Make Money on eBay

So what is the little guy to do? There are three basic strategies to succeeding on eBay today. There may be more –but I know these three work, because I have done them and in fact still do them.

Make Money on eBay by Selling Used Goods

The first strategy is to sell used goods including antiques and collectibles. The market for any type of used goods on eBay will always be the purview of the smaller seller. The difficulty of sourcing merchandise makes this a difficult area for large companies. At the higher end of the used market are art, antiques, collectibles and rare books. If you have some knowledge and experience in this field, it is very easy to enter. My wife and I had a small antiques shop before we started selling on eBay, so we knew what was valuable, what the values of items were and where to find them. I can walk into any small town auction in America on any weekend and buy several items that I can turn around and sell on eBay the following week and double my money or more. In fact we still do this occasionally. About a month before I was writing this article, we attended a small town auction in Mt. Vernon, Washington. I bought a box of 1950s vintage advertising tins as a lot for 5.

I broke up the lot and sold the pieces individually on eBay over a 14-day period for over 0 total before eBay and PayPal fees. There were some other advertising pieces selling at the same auction that I did not bid on. They were very clever fakes –repros as they are known in the trade. The point of telling you this is that I could spot them but you might not be able to unless you had the knowledge and experience. The lesson here is that you don’t want to go into an area you know nothing about. But if you do have experience in any specific area of art, antiques, collectibles, stamps, coins, or rare books, then this is a perfect –and fairly easy, way to build a profitable eBay business.

You don’t have to work in antiques and collectibles. There are plenty of other used goods that sell on eBay. In my book, The Complete eBay Marketing System, I list all sorts of areas of used goods that sell on eBay. They vary from clothing to books, to small appliances, sporting goods and the list goes on. I won’t take the time to go into it here –it would make this article too long, but The Complete eBay Marketing System goes into great detail on how to select used items to sell, how and where to source them and how to sell them.

Make Money on eBay with a Niche Market

The next strategy for making money on eBay is to develop a small specialized niche market. This is in fact what most of the successful eBay sellers do. I often get emails from eBay newbies asking me where they can buy DVDs, plasma TVs, Digital Cameras, iPods and other popular consumer electronic products. I suggest you forget trying to sell any popular mass consumer product. These fields are very crowded, highly competitive and dominated by many large sellers with resources and access to sources that the average person cannot duplicate unless you have thousands or even hundreds of thousands of dollars to invest. Do you really think you can compete on eBay with Best Buy or Circuit City?

A niche is a small specialized product category that a small seller can play in. I currently sell in several niches on eBay. One product I sell is a line of high-priced wood burning firepits. I do have some competitors, but not that many and I think I do a better job of selling them. The price point of 7 is a high average selling price, so I don’t have to sell hundreds of items to make money. They are drop shipped direct from the manufacturer so I am not paying a middleman and the market for these products has been steady now for over two years. You can see my firepit auctions by clicking here. After looking at these you can link to my other auctions and see the other niche product categories we sell.

If you go to the Free Articles page on the Skip McGrath web site I have a couple of articles about niche marketing that are worth reading if this strategy interests you. In both The Complete eBay Marketing System and The Wholesale Buying System, I cover how and where to find wholesale sources for your niche products.

Make Money on eBay with Consignment Selling

The last strategy I want to point out for making money with eBay is consignment selling. I like to call this the perfect eBay business: No upfront investment in products, no inventory, high profits and minimal expenses. Once you qualify you can register as an eBay Trading Assistant and eBay will help you promote your business for free.

Once you know how to sell on eBay, it is pretty easy to find people who have goods to sell. My strategy uses low cost targeted advertising. I spend less than a month and can end up some months with over ,000 or more worth of merchandise to sell .

The trick to being successful in the eBay consignment business is in learning how to market your services, learning what type of merchandise to sell –and which to reject and how to control your fees. All of this is laid out in my best-selling book, How To Start & Run an eBay Consignment Business, published in early 2006 by McGraw Hill Publishing Co. The book includes all of the advertisements, forms, contracts and resources you need to start and run a profitable eBay consignment business.

So back to the original question: Can the little guy still make money on eBay? The answer is “yes” if you apply some of the strategies and techniques I outlined here and if you take the time to learn the skills you will need. The answer is “maybe” if you try some other techniques or just stumble around trying to learn as you go. And the answer is probably “no” if you try and compete with the big boys unless you have the financial resources and business experience to actually build a large consumer products business.

Skip McGrath is an eBay Gold PowerSeller who has made his living on eBay and the internet since 1999. He is the author of several books about selling on eBay, Amazon and the Internet and publishes The eBay & Online Sellers News, the oldest and largest FREE newsletter for eBay and online sellers. Visit his website at http://www.skipmcgrath.com

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Why Selling Locally May Make You More Money On eBay

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