- Personal Finance
How To Make 1000%+ Profit Items To Sell On Ebay
Now, you can make your own items to sell for 1000%+ Profit to sell on ebay or your own webiste or just by placing classified ads. Now before I go any further that is 1000% not £1000. This is such a great concept that it can be making your alot of money if you applied it correctly and used many marketing methods to increase sales. Everyone has a hobbie or an area that they are passionate about if you could turn that in to your own product you could be making alot of money.
If you read my other hub How to make your own personalised t shirts then you can see a potential business that you can start up from your own home.
Even if making your own t shirts isn't for you, lets look at the potential money you could be making. Lets say it costs you £2 to make your own T shirt depending on what T shirt making method you use you could sell your T Shirts for up to £20 on ebay thats 1000% profit! So why is this such a great idea? If you have a 1000% profit margin then you have the room to use marketing techniques like the supermarkets to incourage high voloumes of sales. You can offer buy 1 get 1 free, 3 for 2, 10% discount,20% discounts without it ever effecting you! You will always make a great profit. Using the above marketing strategies are gauranteed to make more sales hence why the supermarkets use them. Supermarkets always offer buy one get one free are they doing it because they like you? No its becasue its a marketing technique to make you buy something that you never intended buying and they still make a great pforit even though they are giving something away for free.
Making your own products that have a small material cost but can be sold at a great profit. Have a think as to what skills you posess and see what you can make. Many people make tools these make a lot of money becasue they give a solution to someones problem. If your in to cars then you may have heard of Bonnet raisers. These lift the the bonnet off its hinges to say that is constantly raised to let heat out of the engine bay. These can be made up for a couple of pounds each but are sold for £20. A simple idea with great profit margin.
Have a think of something within your interest or hobbie that is a problem that you solve it by making your own product. Or you could start off with my suggestion and make your own T shirts.
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