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.