What to buy to sell on ebay?
What products can i buy to sell on eBay?
This question is being asked by many people who are wishing to start some kind of an eBay business. Well there are so many products that you could buy, there literally millions out there! You have to try pick a product you feel save around, what i mean is by you picking a product you feel safe around, you will automatically know allot about that product you will also have allot of knowledge on the product, it will be much easier for you to sell, if you get any complaints or questions regarding the product your selling, you can just answer them straight away as you have the knowledge on what your selling.
Don't ever forget what im going to tell you always have in the back of your mind: Selling on eBay is hard work and takes time to pick up sales, when its not going to plan stay calm be strong, keep things simple and always have a bit of passion for what your selling and what you trying to accomplish. Starting an eBay business takes a lot of preparation, research, ideas etc. About 65% of people who want to sell on eBay will just think of something to sell, then they would go out get the product, then they end up losing profits because there's other sellers selling the same product for much cheaper prices, plus no research was done on the product itself or on how much competition you have. Selling on eBay is like a big experiment, you never know what will do well unless you experiment with products. But for you too be able to experiment you need some £ cashola $ experimenting with products sometimes can be expensive, but if you have the money there anyway to start an eBay business you can afford to buy different products instead to just sticking with one. It really takes time to proper get going on eBay but it is possible for you to become a power seller, selling thousands of products.
There is some products that will always do really good and bring in some nice profits for you, but there are also some that will just loose you loads of money and not do well at all. Before you go out and buy some random products to sell on eBay, let me tell you a bit about myself and how i got started selling on eBay, then we will see if i can give you a few tips and ideas to get you on you way to selling your first item on eBay.
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ABOUT ME: (LOL here comes the boring stuff :)
My name is Fernando i am 26 years old live in the united kingdom, when I first started selling on eBay was about 5 years ago, it was allot easier back then to sell products as there weren't as much competition as there is now days well there was but not as fierce as now.
But before all this i was a garden landscaper man for 7 years or so, yeah i was on a good wage, had a good life, till the company went bankrupt i obviously lost my job, got in debt, just completely lost my way because it was my first and only job i ever had, it was all that i knew. I looked about for another job, signing up to all the job sites i could find, but in the end it just didn't happen for me don't know why i really tried everything. So in de-spare i turned to online work, one of them was selling on eBay, i have done and still do a hell of a lot of affiliate work online/offline which is doing very well and its all that i do know, i have taken eBay as a part time thing now but will be looking to join my affiliate work with eBay.
At the beginning when i started selling on eBay i found that i was lacking knowledge about what products to sell, what products that do well and have a good selling rate, as a result to this I was losing profits quick and lots of them. My first year on eBay was the hardest, the slowest and most frustrating ever. During all this i just wanted to quit and throw the towel in, but i stayed strong done a lot of research about products that do well on eBay, stalked a few powersellers, also joined many business forums and bought myself a eBay guide from eBay. I had teach myself al this, but it was worth it because i gained knowledge on how to start an eBay business, what products do well and how to see what you competition is selling, stalking powersellers is the best way. I will be making a hub on this subject so keep an eye out. I think for me is that i had a good starting budget to start something on eBay.
(Okay enough about me), so lets get started giving you some simple tips that could help you out in the near future, the first thing that ever comes into a new sellers mind is:
what are you going to sell on eBay that will make you some money?
To tell you the truth i cant really answer this question for you, this is something you have to work out for yourself, as there are thousands of items you could sell on eBay that will make you allot of money, but there are a thousand more that could lose you money. What im going to do for you is give you some quick tips and a few product ideas to get your imagination flowing.
- One thing you must know before you can start selling is the rules and policy's eBay go by, You must read and understand all the rules clearly even before you go ahead and list an item, have a read through the eBay user agreement also check all applicable laws and regulations for the country you are in . Make sure you understand the bidding process and how much eBay take from you when you do sell an item. You can have a look at all this here: eBay training.
- When searching for products to sell, you must first test products, one way to do this is to buy a few products that you would like to start dealing in, but just buy a few. List them on eBay then just wait see what one does best.
- Apart from selling products on eBay you can also sell some kind of service. For example im good with fixing computers and electrical equipment. So i use eBay to advertise that i will fix there electrical equipment for a cheap price, they send you the equipment, you fix it hopefully, then you send it back to them in working order.
- Always research the product before buying it, by research i mean see if any one else is selling the same product, see if you can beat them in price but be aware they might be able to match you prices or even go lower. If this happens then the only things to do is you either have to offer something extra with the product for free. Or be very understandable in the description section when listing the product, offer refunds and free posting sometimes can get you more sales.
These are just little ideas to get you going in the right direction.
Would be to sell spare parts and accessories of some kind, okay think about this you need spare parts for everything that's mechanical, electrical, bikes, skateboards, xbox 360 etc there are hundreds of items that are sold on eBay that will eventually need spare parts, replacement parts or accessories. What you need to do is make a list of products that will eventually need parts replaced or can have accessories added to it, have a look around your own home: for example a pc or laptop will eventually need something replaced, like the ram memory chips, they will also need an antivirus to protect the pc and so on you get my drift. You can get lots of software for these machines not forgetting all the games you can also get, this type of niche is a good one to get into, but make sure you have cash to back it up, there are endless amount opportunities out there. You just have to be wise with your choices.
Okay idea two would be to sell XXXLARGE clothing items, like shoes, t-shirts, socks, suites, trainers even pyjamas and underwear, etc. There are a lot of big people out there and most of them will struggle to find clothing that will fit them in a normal shop, more than 50% of big people will now shop online for clothing and shoes. It is not hard to find a supplier for this type of niche just have a little search around on google. Aliexpress.COM is a good site to visit and check out!! Why not get some xxxsmall items to sell as well, they do really good on eBay, by xxxsmall i don't mean baby or kids clothing.
Al-right, what about some nice wallets, phone covers, purses, watches, key-rings and flags are good items to sell on eBay, most of the time you can pick them up at a wholesalers for a reasonable price so it wont be that hard to profit from them. Two items i want to talk about that i have mentioned above is the flags and the key-rings, why because they have done me proud in selling them, these two items have allot of selling power. Let me tell you about the flags, there was a top rated seller on eBay who sold around 40,000 flags when the royal wedding of Prince William and Kate was on.
Compared to the amount of flags that i sold, this guy just completely smashed everyone around him in sales, i can tell you that i bought around 7000 flags, they all got sold in around two months, but i also bought some key-rings with my flags only because i knew there was going to be many people selling flags on eBay that season, so i had to come up with a plan and it ended up being the key-rings, i thought if i can give the customer something more than the other sellers just selling flags i would have a bit more of a chance to get ahead of them. My plan was to give my customers a free keyring with every flag they buy, the key ring would be used for the pictures they take, as it was a picture holder as well.
So the best time to sell flags and key-rings is when some big event is happening that will involve in people buying flags. (HINTS) the 2012 London Olympics, Euro 2012 would be two good events. But remember always be cautious with what your selling, never forget to research and stalk other sellers see how they are doing.
Idea four is a bit of a slow earner but its an idea that can make you a nice profit, only if you price the items right and make them affordable enough. Idea four is to buy well known brands like Nike, Adidas, Fred perry etc at liquidated or surplus prices. Sometimes this can be quite dangerous to sell on eBay because many people are already selling well known brands on there, what you have to do is find clearance wholesale suppliers, these suppliers buy clothing that big companies couldn't sell or overstocked them or the end of the line items, you could buy these in bulk, this way you will be getting good quality clothes that you can compete with others on eBay with less risks to take. You just have to be very wise, get a friend to help you choose products, do research by printing out the products you are thinking of buying and take some time to go round ask a few people what they think about the product your selling and while your there also give them a business card.
Alright idea five is completely the opposite of idea four, instead of buying well known brands that everyone knows about. Try buying item that look like the well known items, for example: a toothbrush that's Colgate branded medium white and red tooth brush, all you have to do is find something very similar to this toothbrush that's not a branded item that you can buy for much cheaper than the branded toothbrush. I have tried this on eBay and works quite good, but on Amazon it works very well for some reason. This will also work with many other items.
If you are new to selling on eBay or are looking to take on selling on eBay, you must make sure you understand the charges you get charged on every item you sell on eBay, eBay are constantly changing there site and adding new features that have made selling on eBay a bit more harder for the small business and beginners. There's allot of people who have failed due to not understanding how eBay works. Many fail because they just cant keep up with the other sellers on eBay selling the same item or similar.
Its not just products that you could sell on eBay you could also sell services to the people in your area. What i mean is for example: iam good with mobile phones and fixing them if something goes wrong, so i go ahead and advertise on eBay phone repairs any phone repaired what ever the problem for £80 and put it on buy now not an auction, another one is to run a cleaning or ironing service through eBay these two actually do very well.
Well time to go, i wish you the very best of luck in life and on starting an ebay business. Will be updating this hub now and again so keep an eye out.