Buying and Selling on eBay for a Profit
Buying on eBay for Profits
One of the hardest things about selling on eBay is figuring out what to sell on the site. There are infinite possibilities, from thrift shop items to items form around the house. While these are great sources for items to sell on eBay, eBay itself is also a good source of items to sell.
There are so many great deals on the site that it is possible to run a small eBay business simply by buying items on the site and reselling them on the same site. Here are a few ways to do this and make a nice profit without having to buy huge stocks of inventory or trust a dropshipping company.
Bulk eBay Deals
One of the easiest ways to buy and sell on eBay for a profit is to buy bulk deals and then split them up and resell the items on eBay for a profit. I have been doing this for about eight years, and it's one of the simplest and most profitable ways to work the site.
To get started with this, look for items that are being sold in bulk. This will mean trying out a lot of different search terms in order to find what sellers are selling in bulk and what terms they are using.
Some people will use the term "wholesale" in their titles, but others will use the words "bulk" or "lot." Some eBay sellers just list the a number of items along with the name of the item. Adjust your search for the highest price first for your search terms in order to find the largest lots.
The larger the lot, the smaller the per-unit price usually is. That mens more profits for each unt that you sell once you have split up the lot.
Looking for Quick Sales
If you can find listings that allow you to snap up items quickly, you can get them before they are bid up to higher prices. Many, many buyers, more than you would expect, don't know what they have to sell. They don't realize how much they could get for the lot and put a low Buy It Now prce on it. If you find that, snap up the lot as quickly as you can.
To get the best price you can on these eBay items, set up a number of saved searches so that you get the new listings for your search terms right away. If someone lists a great lot of items for low per-unit prices, if you get notification of the listing right away you have an edge on everyone else who is browsing eBay and stumbles across it.
Another trick is to look for items at off times of the day, such as in the middle of the night. Items that end at weird times get fewer bids because most bidders want to wait until the last minute to bid. If the item doesn't end soon, they will put it on their watch list with the intention of bidding later. But, when the item ends in the middle of the night, they don't end up bidding at all. Think outside the daytime box to get better deals that the listings that end at noon.
Sell on eBay After Buying on eBay
Choosing the items to buy depends on how much you can resell each one for in order to make a profit. If you come across bulk paintbrushes, for example, and a lot of 100 of them is $28 plus $12 shipping, you are getting 100 paintbrushes for $40, or .40 each. If you can resell each for $3, you will make 2.60 on each sale. form that amount you have to subtract listing fees, eBay final value fees and PayPal fees. You will likely end up making about 1.60 in profit on each one. That means a total profit of $160.00 for the lot.
This is doable many, many times over with large numbers of items. As I said before, I have been doing this for years and make money every week from selling items that I have bought on eBay in bulk. The more searching time you put in, the more items you can buy and sell on eBay for a profit.
More Information About Selling on eBay
- How to Really Sell on eBay
Learn how experienced sellers make money online by selling on eBay.