While the eBay selling strategies can come easy for some, it may be a little bit confusing for someone that has never even sold anything on eBay yet. eBay selling starts out with having an idea on what to sell. Figuring out what to sell is the most important step you must take in order to be successful with this process.
In order to choose what products to sell, you must focus on what people are interested these days that you can offer at a price that doesn't compare to the retail in local stores. Now, with that in mind, you must stay focused and make sure that you do your research before selling anything off the bat.
Here I am going to give you a few ideas of what to sell:
1. Electronics
There is always a rapid need for electronics these days, whether it is an iPod, cell phone, or stereo system. When a new device comes out on the market at an extremely high price, you better believe that you will find people searching for that item on eBay to find a discounted price.
2. Information Products
These types of products are usually delivered digitally. You can find different types of information products (eBooks) to sell on eBay. You can find a whole bunch of them in affiliate sites such as clickbank, or wholesale junction.
3. Antiques
Another reason why people come onto eBay because it is
some what said that eBay is the largest garage sale around. Many people will collect things for many years and then sell them on eBay to make a lot of profit off of their collectibles.
In my opinion, the best way to go is through drop shipping. This way is the best one used by the people that make a full time income on eBay everyday. Drop Shipping is a great thing that anyone can utilize. How it works is, you can go and search products that you are looking for at a discounted price. If you find a great bargain that you think might make your profit, you can list it in eBay.
When the product is sold, you will never have to worry about touching the product. You just let the manufacturer know that the product was sold and then they send it out to the buyer in the packaging.
So, you have a few ideas now on what exactly you can sell on eBay.
Today there are a number of ways to make money online, and innovative internet marketers are finding new ways to make money every day. If you want to make money fast, one of the best ways to do that is to sell products on eBay.
Many successful eBay Sellers started out selling items they no longer wanted or needed. They sold products they found around the house and in the garage. Many an eBay Seller has been tremendously surprised by the amount of money someone else was willing to pay for something they considered to e "junk." Like the old saying goes: One person's junk is another's treasure.
It is quite possible for eBay Sellers to make fast cash on eBay and have it available to them within a few days. This is one reason that eBay is so popular as a way to make money online.
After you sell everything you do not need around the house, you must find other products to sell on eBay. Choosing the right products to sell is one of the most crucial elements of a successful online business. It is also important to size up the competition in a specific niche.
How do you go about finding the really hot, profitable niches on eBay? EBay Pulse is a good way to see what is popular on eBay because the Pulse shows the Top Ten searches in each category. It is important to note, however, that the Top Ten list comes from search statistics only and does not include actual sales. Because of this, a product that is searched a high number of times is not necessarily a profitable product to sell on eBay.
Hot Wholesale Tips You MUST Follow!
1. Thorough market research is the foundation for success
Meticulous market research doubles your chances of making a tidy profit from the wholesale goods you buy. Start off with a list of 5-10 different ideas. Then check completed listings searches on eBay to see what the item generally sells for and the sell-through rate for each one. Use Yahoo's free keyword tool inventory-overture to find out how many people are searching Yahoo for your product per month. You can double this figure for Google. Add the numbers together. If there are ten thousand or more searches per month for an item, this indicates a healthy market.
2. Calculate the REAL cost of your item
One big reason why people fail at the wholesale game is that they don't do the numbers. In other words, they don't treat wholesale like a real business. To accurately discover your true profit potential on an item, you need to add the shipping cost and insurance, eBay fees (or equivalent for other advertising), Paypal and/or credit card fees (these can be a real profit killer), packaging costs and labor involved packaging, and any storage costs to the cost of your item.
3. Verify ALL suppliers found on the Internet
Getting caught out by scammers is a common stumbling block for people new to wholesale. If you are searching for suppliers off your own bat (rather than using a wholesale directory like SaleHoo), it is CRITICAL to check authenticity before making a purchase.
Always take the time to:
Check that the website gives a full business name and a registration number.
Check for a legitimate contact telephone number - this will involve ringing the number. Do not accept a mobile phone number alone. All real companies should have a land line number. A legitimate company will have a domain expiration date in several years time. Most legitimate companies reserve their domain names for 3-5 years or more at a time.
AVOID suppliers who won't agree to use secure payment methods such as Escrow.com, Credit Card and Paypal Verified.
Still uncertain? Ask other sellers what their experiences have been with the company you are interested in on eBay forums.
4. Chinese suppliers give the competitive edge
Chinese suppliers are an essential source for anyone wishing to make money selling online. Manufacturing costs are currently extremely low in China, thus it is the secret to gaining a competitive edge. Dealing with China does have risks, but these can be alleviated if you place a small order first, use secure payment methods, get shipping insurance for 110% of the cost of the items, and use suppliers with a good reputation.
5. A common stumbling block for liquidation and closeout
Always obtain the reasons for liquidation and closeout sales before you buy. Liquidation and Closeout sales can be a fantastic source for cheap products, but you usually have to buy by the pallet load and these can sometimes include broken or returned goods that aren't in saleable condition. To be safe, ask specifically whether broken items and returns are included before you buy.
6. Negotiate on shipping and save
Shipping economically is critical to importing success. Profits can easily get swamped in shipping costs, so take time to get a good deal on shipping. If possible, negotiate CIF (Cost, Insurance & Freight) or DDP (Delivery, duty paid) shipping terms with your supplier as this takes much of the risk - not to mention organization - off your shoulders. FOB (Freight on Board) is the most common shipping term, but don't be afraid to negotiate for better.
7. Drop shipping - can you really afford it?
Drop shipping sounds great in theory - someone taking care of packaging, wrapping and postage - but it can be difficult to profit from this method. Think about it, drop shipping can add another $2-10 to your costs - sometimes even 10% of the cost of the item. By the time you add in eBay fees and any other costs, you may find it is not worth it.
8. Warehouse storage checklist
Asset management is the most important consideration when locating warehousing to store your items. Believe it or not, items can go missing while in storage, causing massive disruption for you. When comparing warehouses, ask questions specifically on how you will authorize the release of stock (by phone or fax?), what will happen if you need to cancel an order, frequency of damage claims, dust management, and whether there is an area you can use to photograph items.
9. Power seller wealth
It's a fact - eBay powersellers are able to command higher prices for their items than ordinary eBay sellers. To get the best profits on your wholesale items, you need to aim to get and maintain powerseller status.
10. Growth with a website and eBay store
The way to increase profits from wholesale is to build your own website and/or open an eBay store. This allows you to cross sell items plus it also makes it easier for people to find what they are looking for. For example, if you sell shoes, then customers can easily navigate to browse all black shoes in size 9 and so on. Always include a sentence at the bottom of your descriptions encouraging visitors to check out your other listings - most people will.
If you are looking for genuine and trusted wholesale suppliers then look no further than SaleHoo! SaleHoo's directory contains over 4000 drop ship, wholesale and closeout suppliers that are independently reviewed and rated by eBay Powersellers and Industry experts. SaleHoo also purchases off them and reviews each supplier in depth afterwards.