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Online Sources of Cheap Inventory to Resell on Amazon and eBay
In stores is the fastest way to pick up cheap inventory. You can hit up some or more of the sources we talked about in my last post like Dollar Tree, Walgreens, Walmart, etc. Those places are great for getting it now, running home, and listing your newly found stuff for a markup. What's missing from the equation? Variety is typically not an issue buying stuff from these sources. At the same time, it is. Is that confusing? I'll explain.
You're not going to make a quick $4000 worth of gross revenue buying up $2000 worth of a clearance item. Why not? The market simply doesn't support it. There are countless items in countless categories within markets and submarkets. You're not going to figure out what sells and what doesn't without a ton of work. Then the time you spent made your profit null and void. You have to operate within the world you aim to. Simply put, that's resale. New items. Stuff that was once worth a lot more than what you bought it at, and often times for a price you can offer that is much lower.
How does the internet cater to your needs? It offers you so many options for resale. First of all, I have not been impressed with wholesale. I would have lost money because I have seen that the supplies who really sell cheap cannot be easily found. So I have to settle. Clearance items online. So accessible and all I have to do is wait for that stuff to arrive on my doorstep to sell it.
Another beautiful thing about online clearance is that you now have a copy and paste description for your listing if one didn't exist before. The secret is to shop and get the stuff listed before other people do. Some people miraculously seem to find the stuff at pennies and sell it for much cheaper than you can. Leverage your time. If you don't, you may be waiting for a sale until the cheaper competitors sell out. Which is ok. Sometimes you surprisingly get a sale at a higher price. Don't ask me why, it just happens and I'm ok with it....
So where can we find these glorious reductions? Walmart online frequently has great clearance options. One rule? Buy lighter weight stuff, otherwise you'll spend your profit on shipping. My best source is TJ Maxx online. The stuff comes with a barcode, which is typically useless. What is useful is the picture and great description.
You can also order great stuff on Dollar Tree website but be aware this is usually the crap you don't want to sell anyway. Walmart website is hit or miss and sometimes seemingly great stuff just sits for a long time. In these cases, you can sometimes sell a "small business lot" on eBay and just get rid of it, or sell it on Craigslist. You'd be surprised how many local people have that "oh shit" moment and need a quick gift for a kid's birthday party.