More Sources of Cheap Inventory for Amazon and eBay
It seems like such a challenge to find stuff with a barcode to sell! What's a home-based business person to do? Well. The answer is strikingly simple. You need to go to places where good stuff is marked way down. Sales typically don't cut it. What you need to look for is the C word. Clearance. Why should you care about clearance stuff if it didn't sell when it was new on the scene? People still want it. Some people are just looking for a deal? Not much different for the business bulldog looking to offer the deal but still ring in a good profit. It's not easy for us with fees and shipping. It all adds up. That's why you need to reduce costs. It's basically the only way to realize profit for items that are probably still sold at retail price elsewhere.
So where to we look? You need to branch out and split your efforts between actual stores and online venues. Online doesn't always give you the best deals after tax and shipping. If you look in the right places you typically get some good stuff for cheap. Buy in bulk. Same for actual stores. You need to visit places that have held up well in the past on a rotational basis determined by what you've found in the past. It also helps if you frequent clearance sections in places you usually go anyway. I'll go over one of these places in a bit.
Now...are you packing a smartphone with a data plan? You're going to need a ay to search bar codes on Amazon to get an idea of the profit you may realize. Some items score big while others get you a few bucks. A smartphone with a fully charged battery can give you a great edge in this game. Now let's explore some sources!
Goodwill. What? No way! Isn't that stuff all used? That's the beauty of the pink tag. These are typically items that were perfectly fine but opened and returned. The best part is the bar code. Type that baby in on Amazon, then update the packaging condition and the quantity. Easy and cheap inventory. Just ensure the picture matches the product. From time to time bar codes match multiple styles of the same thing.
Now on to that frequent stop. Walgreens has a clearance section in the back corner of the beauty section. Sometime sit extends into the back of the next aisle. It even sometimes branches out to the almost middle aisles with half or more of the aisle dedicated to crap people didn't want to pay full price for. Sometimes they are marked down so much that you can stock them away until they are in season again and make some quick dough. I have found a huge variety of items that made me a hug variety of profit. It really depends. On site research can help you figure out what is worth your time and what isn't.
Walmart. It's ok. You just really need to research and figure out what time of year it may sell best. Sometimes you can pick up some great stuff on the cheap and flip it for a great markup.
Dollar Tree is by far the best profit if you can find name brand items worth a damn. I've found iPod Mini leather cases, name brand nail décor, and Golla Bags for phones here. Every time I find stuff like this, I buy it all up and list it via bar code in Amazon. Sometimes the listing is restricted which is where the bulk purchase pays off even more. Sell that stuff as a small business lot on eBay and see your profit faster while benefiting a small business salesman just looking for such an opportunity.
Check out my next article for online venues to profit off of....