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Best Secret eBay Money Maker

Updated on January 9, 2011

ebay Hidden Gem

PROFIT

The first aim of any business is to make a profit; to make a profit the price that your goods are sold at must be greater than the total cost of supplying those goods to your customer, In other words if you are trying to sell a product you buy at a lower price and sell at a higher price taking into account any overheads that might occur in between, such as staff wages, rent, phone, and so forth.

It sounds easy but correct pricing of an item is an art, set your price too high and no one will buy, set your price too low and your business will run at a loss.

You want your prices to be competitive with the market place and you want your customer base to return to you time and time again.

The Ideal situation for any business would be to be able to buy your goods cheaper than anyone else and to be able to pass those savings on to your customers, making a profit in the process and a lot of happy customers who will keep coming back for more.

There is a category on eBay, which is very often overlooked by people searching the site, that every once in a while, if you look out for it, can prove to be the best money that you will ever spend, there is a massive profit to be had from re-selling if you provide the winning bid.

Disclaimer

Now before I go any further, I must make it clear to everyone who reads this page that this is not a scam, it is a legitimate way to make a good profit from eBay and I am not asking for a single cent for any of this information, if I was out to scam anyone out of money you would be reading this on my Ebook for which I would probably charge around $25.00 a time.

Clearance Goods

eBay's Hidden Treasure

If you visit the eBay homepage, you will notice a list of categories for the items that people are selling, if you Scroll to the bottom of that list and click on all categories then scroll down, you will find the category that you are looking for " Wholesale or Job lots", click on that category and you will find pages and pages of bulk goods, this is where you will find some real hidden gems if you know what to look for.

What to Look For

Chain stores have a massive customer base, and they have a massive turnover of stock, sometimes though customers have to return goods to those stores because they are faulty, they don't fit, or they didn't like the item when they got it home or for many other reasons.

Those same chain stores often have a central warehouse where all of the items returned are sent to for storage, the items are usually kept in storage for a while and forgotten about until they realise that space is needed for new items to come into the warehouse.

A lot of warehouses at this time send the items back to the stores to be sold as sale items and after that any unsold items are then sent back to the warehouse.

At this point the warehouse has a choice to make, they either throw the items out in the trash, or they try to make a little money by selling it on, this is where you can hit it lucky.

Some of these warehouses make up lots of around 500-1000 pieces and offer them up for sale on, yes you guessed it, eBay they do not normally have a set price or even a minimum bid, and you can snap the items up very cheaply.

The best deal I made was when I bought a lot of Gardening equipment for around $200.00 and $60.00 Shipping, I sold all of it, which was in perfect condition, for nearly $5,500.00.

There is a Small Downside

From my experience of buying and selling this way, I have found that on average 10% of the goods that you get are damaged beyond repair, and around 5% of the items need a little repair but you can sell them at a reduced price or take the time to repair them yourself, it could be a loose thread on a shirt or an arm that needs to be re-affixed to a doll or even a watch that needs a new battery.

So long as you don't mind selling a mixed batch of goods rather than selling the same items over and over again , then eBay wholesale is the place for you, you will make at least 10 times your initial investment.

Comments

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    • MyMastiffPuppies profile image

      MyMastiffPuppies 

      8 years ago

      Great Tip! I have never noticed this and I have been on Ebay for several years. Funny the things you miss that are right in front of you. I will have to start paying more attention. Thanks again for sharing, I am going to take a look right now!

    • Seakay profile image

      Seakay 

      8 years ago from Florida

      Always worried I'll get ripped off online. I like to see what I'm buying before the purchase. So, I succumb to the aggravation of actually going shopping in lieu of online shopping. New items would be fine but the used, not so nice sometimes.

    • 2patricias profile image

      2patricias 

      10 years ago from Sussex by the Sea

      Interesting hub - so far I have never bought stuff to sell on eBay - only sold stuff I've found, or grown tired of - and it does bring in some spending money.

    • profile image

      dafla 

      10 years ago

      That's a great idea, if you know how to fix things. I have a problem in the fact that our local garbage service charges to pick up a lot of stuff, so I'd have to be really careful what I bought there. Couldn't be buying electronics, because they charge to pick that up.

    • LdsNana-AskMormon profile image

      Kathryn Skaggs 

      10 years ago from Southern California

      Very good information, for those who are seriously interested in how to make money on eBay, or find wholesale pricing on quality goods. Nice Hub.

      tDMg

      LdsNana-AskMormon

    • lavenderstreak profile image

      lavenderstreak 

      10 years ago from Seattle

      Reminds me of the railroad sales I remember when I was a kid. Good info, thanks!

      Cheryl

    • rodney southern profile image

      rodney southern 

      10 years ago from Greensboro, NC

      Outstanding hub Jimmy. Well done!

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