John

Running a Reselling Business for eBay

Running a reselling business for eBay can seem like a great little money spinner, but it takes some planning and care to make sure that you don’t end up falling foul of eBay’s terms and conditions or sink money into things that will not sell.

One thing that a lot of people don’t realize is that while eBay is quite generous with personal accounts, you need a business account if you’re buying items with the intent of reselling. High volume accounts will get picked up on and potentially suspended.

How to Make a Successful Reselling Business for eBay

If you’re planning on reselling things, then you first of all need to choose a niche. Trying to sell things in too many different categories is setting yourself up for failure. Ideally, you should pick a niche that you know well, and stick to it. Choose something where you know enough to describe the products well, and you have a good idea of how much people are willing to pay for the item.

Things like comic books, clothes, jewelry or records can be good choices, but there are plenty of other options. The important thing is that you know the market well.

Know Your Costs

One of the main reasons that reselling businesses fail is that the seller doesn’t understand all of the ‘hidden costs’ of selling goods online.

You will need to pay for the packaging and the postage of the item, and this can sometimes be more than you expect. You can greatly reduce packaging costs by buying in bulk, which is a wise move if you are serious about selling a lot of items, but postage is always going to be hanging over your head.

There are also eBay listing fees and PayPal fees for receiving payments to take into account. Beware of e-checks (which a buyer can cancel before the money leaves their account), and also of charge backs.

Make sure that you have enough ‘buffer’ to cover the occasional charge back, and don’t ship items to a buyer before an e-check has cleared. Inform the buyer of the issue and explain to them how they can check the progress of the payment, so they don’t leave negative feedback about slow shipping.

Research the usual costs, and make sure that you build those into the prices when you list items. Make sure that there is enough profit in the items that you sell to allow you to buy new items to sell, and to make it worth your time running the business.

Be Patient

It will take time to grow your reselling business and to figure out what items are worth your time. Start small by perhaps selling items that you already own while you get a feel for the market.

This will help you to understand what buyers are interested in and what products they usually search for, so that you can enjoy good results and the best possible profits in the future. If you are willing to accept the odd stumbling block, you can succeed.

Buying And Reselling For Profit On Ebay

By John

If you’re thinking about buying and reselling for eBay, then you’re reading the right article. Selling on eBay is a fantastic online business model and you can easily make a full time income by doing so.

However, if you’ve never sold on this platform before, then it is highly recommended that you start by creating an eBay account, buying a couple of items and even selling some of the items you have around your home that you’re not using.

This will give you a good idea on how eBay works so that you can know exactly what to expect. Once you have become familiar with the platform, you will then need to think about what niche you’d like to get into.

In order to choose a niche, you should think about what you’re interested in selling as well as what currently sells well on eBay. You can look to see what types of items sell really well and then source these items so that you can sell them for cheaper.

Most people that use eBay are looking for deals and if they see your listing for the same item and it is a couple of dollars cheaper than other listings, then they will most likely buy from you.

In order to find suppliers, there are many routes that you can choose. One option is to buy items from garage sales and thrift stores and then re-sell them on eBay for a profit. However, by doing so, you will probably be selling many different and random items. It will also require that you know the difference between good items and junk.

Another option is to buy in bulk from various distributors or wholesale companies. Basically, when you buy a particular item in bulk, you will do so at a reduced price, which allows you to sell individual pieces and make a profit.

For example, if you buy two dozen t-shirts for $120 from a wholesaler, then you basically paid $5 for each t-shirt. As a result you can then go and re-sell that same t-shirt on eBay for $6 or more and you’ll make a profit on each sale.

Another option is to do dropshipping through a company that basically handles the entire order from start to finish. All you will need to do is place the item for sale on eBay along with a description and pictures and once someone buys it, the sale is automatically sent to the company who fulfills the order on your behalf.

This particular model is very effective, however, you will need to find good dropshipping companies and ensure that you properly research the products to ensure they sell well.

Once you’ve figured out where you’re getting your products from, you can then set up your business and regularly post and promote your products on eBay.

One important thing to note is that you should take the time to always complete detailed descriptions and add lots of clear pictures so that your products have the best chance of being purchased.

To wrap things up, when it comes to buying and reselling for eBay, it is relatively easy to set up and start this type of business. However, in order to be successful, you need to treat it like a serious business and put in the work. Once you do, your eBay business will surely thrive in time.

A Guide To Selling Clothes On eBay

By John

One of the easiest ways to start making money online is to sell clothes on eBay. You can sell both brand new clothing as well as used clothing.

If you’re selling brand new clothing, you will need to find a supplier for the clothing that is cheaper than the retail price. You will need to do your research and find out the typical online prices for the particular type of clothing you want to sell.

So, for example, if you want to sell brand name t-shirts, then you need to check the current price on Ebay, Amazon and other online marketplaces. Then, you will have to find a source where you can purchase it much cheaper so that when you list it for sale on eBay and it gets sold, you’ll make a profit.

On the other hand, if you want to sell used clothing, you will need to sort through the clothes that you have and select the pieces that are in good to excellent condition.

You should also do some research on the used clothing prices for those particular pieces. This will give you an idea on how to price them so that they can be quickly sold.

For example, if you have a particular shirt that is currently being sold on Ebay for $50 brand new and $35 used, then a good price point to list your used shirt would be between $30 – $34.

Now, the most important part of selling clothes on eBay is your listing and what you write. It is extremely important that you include the measurements of the clothing so that potential buyers can know exactly whether it would fit them or not.

This will reduce the number of returns you get, which will improve your overall profit margins. Be sure to include measurements such as the chest, waist, sleeve length, pants length, hips etc.

Another great tip is to properly display your clothes. You should start by washing or dry cleaning the clothes you intend to sell and then ironing or steaming them so they are wrinkle free.

Then, you will need to display them and take pictures. How you display your clothes matter quite a lot and clothes that are displayed on a mannequin tend to sell much faster than those that aren’t.

This is because the mannequin helps people to see and visualize how the piece of clothing would look on them and how it is supposed to fit. Thankfully, mannequins are not very expensive and you can easily purchase one for $20 or so on Ebay.

Lastly, you should be as descriptive as possible in the listing. This means that you should include the brand of the clothes, size, type of material it is made up of, color, its condition, washing instructions etc. The more detailed you are, the higher your chances of getting the item sold.

In closing, we have just looked at a couple of guidelines for selling clothes on eBay. This is definitely a great way to start selling online and it is a model that is highly profitable.

Poshmark VS eBay – Which Is Better?

By John

Reselling clothing items online can be a great source of additional income when you choose the right platform to sell. You can do it even as a full-time job when you get the hang out of selling on eBay or Poshmark.

eBay and Poshmark are two of the biggest online marketplaces for selling used and new clothing items. The average reseller may want to know which platform to choose to sell his/her used and new clothing items. Here is a comparison of Poshmark vs eBay.

Ease Of Use

Where ease of use is concerned, eBay beats Poshmark hands down. Even though subcategories and specifications make eBay listing a bit complicated, a lot of the information is auto-filled.

The time taken to maintain your listings on Poshmark is huge. When a customer searches for an item on Poshmark, the recent listings will show up first. You have to be active on Poshmark to get frequent sales. Sellers on eBay can leave their listings up without much maintenance.

Fees

The seller’s profits may depend on the fees charged by the specific platform. Check out the fees charged by the platform when you are choosing the best platform to sell your goods.

eBay will charge 10% for most clothing categories while you have to cover the 3% PayPal fee. The total selling fee on eBay is 13%. This is a fair rate compared to the vastness of eBay.

Poshmark will charge a flat fee of 20% for every sale. Sellers who use Poshmark complains that the platform’s fees cut into their profits. eBay is a clear winner where the sales fees of the platforms are concerned.

Shipping Costs

All items sold on Poshmark have a $6.49 shipping fee. This can be a high cost when selling low-priced items. Although shipping on eBay is more complicated, it is calculated based on the zip code and size of the package of the buyer.

This gives more flexibility to the seller to absorb shipping into their prices. Selling low-priced items are easier with this type of shipping fee structure.

The shipping policy of Poshmark is not complicated but can deter some buyers due to its fee structure. Although eBay has a complicated shipping policy, it gives more options to the buyers. eBay wins where shipping costs and policies are concerned.

Marketplace

The eBay marketplace is huge with over 200-million users a year. Poshmark has a much smaller user base compared to eBay, but the market is growing. While you can sell internationally on eBay, you can only sell in the US when selling on Poshmark. Make sure you choose the right platform depending on how you plan to market your items.

If you plan to sell used or new clothing items online, make sure you choose the right platform. eBay and Poshmark are two of the most popular platforms out there. Selling on Poshmark vs eBay can make a huge difference depending on the clothing item. Overall, eBay is easier and more profitable compared to selling on Poshmark.

How To Become An eBay Reseller

By John

If you want to make a living on eBay, you should become an eBay reseller. Resellers buy products wholesale or used and sell them at a profit via eBay. Many people make a lot of sales and profits off eBay sales. If you want to mimic the success of profitable resellers on eBay, you should follow this guide.

The first step is to decide if you want to open a used reseller store or a bulk reseller store. While used resellers will source their goods from garage sales and flea markets, bulk resellers opt for bulk deals from sites such as policeauctions.com or Liquidation.com.

Bulk resellers should set up accounts with dropshipping companies to process orders and ship the product to the customer. The next step is to set up an auction account at eBay. Once you have opened a basic account, you should go to the auction control panel and choose “Setup My Store” to set up an auction reseller store.

You can brand the auction reseller store with your own logo, color scheme, inventory amounts, and set the prices as well as update the products when you run low on inventory.

The next step is to determine if you want to offer specialized products or a combination of products. Focusing on one specific product may help you to build your brand name. You can focus on offering one specific product and a variety of related products.

The next step is to obtain the products you want to sell. If you have chosen a used reseller store, you should look for garage sales in the area. Craigslist will offer many free items in your area. Wholesale resellers should watch wholesale websites like CWR Wholesale Distribution. They should purchase products from these sites when they become available.

There are many important things to consider when setting up your store. Don’t list your items with pages of text since people have short attention spans and they will find it difficult to read all the text. Be concise and use bullet points and short paragraphs to highlight features. Make sure you upload quality photos of your products and determine the right price for the listed products.

You should have enough startup capital when becoming an eBay reseller. Buying a few items at a garage sale may not cost that much. But if you have to buy in bulk, you should be prepared to spend hundreds of dollars for one purchase. The more money you have, the more you can take advantage of the good deals. Don’t forget to vary your product purchases according to the season.

Open a PayPal account so that your customers can make secure purchases. PayPal will lend your store credibility over time. It will free so much of your time since you don’t have to worry about financial transactions. You can focus on purchasing products and selling them on eBay.

As you become more familiar with eBay, you will start developing systems which can allow you to scale the business to a point. Learning how to source your products and where you get them from will determine how much you can scale.

An eBay reseller can make a full-time living online and it requires a very small learning curve.