chapter of Ebay, we’re going to cover what to sell and where to get the stuff from. This is where things get real exciting. Well, at least for me it was.
I’m not going to lie to you. After you’ve dug up all the things around your house to sell, finding things to hock on Ebay is not easy. Actually, it is the toughest part of this whole business and the one thing that either makes people drop out of not even start in the first place. But I have to tell you, and I can’t stress this enough, if you don’t have the intestinal fortitude to get through this part then you’re not going to cut it for selling on Ebay. That’s just the cold hard facts. So if this is something that you REALLY want to do, then suck it up and go out there and find things to sell. How?
You simply have to know where to look. What that comes down to is finding a good supplier. They’re out there. You just have to find them. In some cases, if you want to sell certain items that you feel are very hot, you might have to think outside of the box to get your hands on them. Nobody is just going to send a package to your door. You have to go out and get your hands dirty.
One killer way of getting your hands on great products is to go right to the people selling them on Ebay. The powersellers usually have a ton of product and will be more than happy to sell you some at slightly more than wholesale. So while you may not make as much as with a product you bought at wholesale, you can still make a profit.
For example, let’s say that there is this product that you can get for wholesale for $10 a piece and sell for $15 a piece. Buying and selling 100 of these, you would make a net profit of $500. Now, let’s say that a powerseller is willing to sell you these 100 items for $12 a piece. If you still turned around and sold them for $15 a piece you’d still make a net profit of $300. This is not as much as you would have made, but without making this deal, you’d be out the $300 you did make. This is called thinking outside the box and getting creative. It’s just one of the many ways you can do this. Yes, you can even go to your competition and make money. They probably, as a powerseller, had 1000 of these items, so selling them at $12 a piece still made them
$200, or maybe more as you don’t really know if they had to pay the $10 wholesale price. If they purchased enough product, they might have gotten it for $9 a piece. That’s the beauty of wholesaling. Believe it or not, there are always people higher and lower in the food chain than you are.
In our next chapter, we’re going to continue with a couple of terms, OPP and OPM, which is Other People’s Products and Other People’s Money. These are important concepts to understand if you are going to be a successful Ebay seller.
See you next time.