The initial key to selling and possibly growing a lucrative business on eBay is not just product, but probably more importantly – the source by which you acquire your items for sale. There are a few ideas that may help narrow your search. Places to frequent : Garage sales/Yard sales, Estate sales, Thrift stores, Live auctions, Second hand retail stores (usually command higher prices for their items), Online (Craig’s list, and eBay to name a few), “For Sale” sections of newspapers, Online publications of newspapers.
Find retail stores that will make you their go-to guy when they have something on clearance or stuff they have that just won’t move. What doesn’t sell in DeLand may be selling like hot cakes in London.
Specialize in 1 to 5 particular themes. Some examples could be books, DVDs, dolls, coins, and sports memorabilia. If you narrow your range of options than you will be catering to a particular group(s) of people from around the world, and if your good they’ll keep coming back. It also helps to have a snazzy eBay name like books2go. Anyone looking for a book will not only find your site on a random Google search, but will remember your eBay name if it is easy and catchy for future reference.
Some quick tips when shopping :
1. Always barter. Every nickel you save will increase your profit margin. If the seller isn’t interested – fine – it’s their prerogative. Either accept their asking price or move on. If your being pushy you will come across as belligerent. There is a line. Please don’t cross it.
2. Only carry small denominations. If you go to a yard sale and barter to save a couple bucks, and then pull out a $20.00 or $50.00 they may change their mind.
3. Dress down. Haggling will become seamless if your not wearing name brand clothes.
4. Never, ever mention eBay. If people know you are selling on an auction site they will charge more. Don’t believe me? I challenge you to a social experiment. You and a friend go to a local thrift store. Don’t go in together. The first person should bring an item to the register and ask for a price followed by loud mumbling about their eBay site. Once a price quote is given, have the other person do the same moments later – without mentioning eBay. Now compare price quotes.
Finally beware of shady sales people similar to the one I mentioned in an earlier blog. They will jump at any oppertunity to have you do all the work to find a deal only to take the item for themselves, or hike up the asking price.
Great information, Thank you so much… keep up the great work.
Great post! Thank you so much for all you do, i’ll keep reading.
Very true, great post… Keem ‘em coming!