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.