Monday, August 1, 2011

6 Ways of Finding Profitable Products to Sell on

You have a good plan of making money on eBay. You’ve done some researches and found a hot niche that you can profit with. You analyzed the niche market and quickly came up a list of products that you can sell on eBay. Now you are thinking about where to get these products to sell on eBay.
Well, it is actually not difficult to find the products that you want to sell on eBay. Here’s how:


Buy from Wholesalers

Wholesalers are usually the main product suppliers for most of the retailed businesses. Wholesalers supply a wide range of products at wholesale prices. By dealing with these wholesalers, you can easily find the products that you want to sell. They are selling their stock at great low price, so you could get a nice profit when reselling the products on eBay.
However the wholesalers only take bulk order. So you need to have extra cash to invest in inventory. And also a small storage room is needed to store your inventory.
Use Drop Shippers
Drop shippers are quite similar to wholesalers but they provide an extra favorable service that the wholesalers don’t. The drop shippers allow eBay sellers to list any product in their catalogue for sales on eBay without having to pay upfont for the stock first. When a customer pays to purchase an item, only then the eBay seller need to make payment to the drop shipper for the item and the drop shipper will proceed to package and ship the item to the customer on behalf of the seller.
This sounds good for people who want to sell on eBay. With dropshipping, the eBay sellers will be able to sell on eBay without having to invest in the inventory and cash flow problem eliminated. But be careful when choosing a drop shipper for your eBay business. There are good and bad drop shippers. It is better to do some background investigation on the drop shipper you found before opening an account with them.
Walk into the Flea Market
If you want to sell unique items on eBay, Flea market is the right place to find the unique items. Most items that sell in flea market can’t be found in anywhere else and they can be picked up at cheap prices. You certainly can get a profit when reselling them on eBay. But not every item sold in flea market is in good condition.  You should check each item before buying it. Buying items that are in bad condition will mean a loss to you because no one wants items that are in bad condition.
Work out Some Consignment Deals
Consignment selling is where you sell an item that belongs to someone else and you’ll get a percentage of the sales price when the item is sold. You can start with your friends or neighbors. Ask them if there is anything they want to sell or they no longer want. Tell them you can sell it for them. Sure they will be happy to establish a consignment deal with you because they can get some extra cash while disposing of their unwanted items.
If you want to get more consignment deals, you can contact the businesses in your area to offer your consignment services. Many businesses have returned stock, used equipments, etc that they want to get rid of. So it is possible to set up some consignment deals with them.
Buy from eBay Itself
Buy low and sell high on eBay. Is it possible? Yes it is possible. There are great items in eBay that can be bought at low prices. The items that in the wholesale category is one of the example. Many were sold in bulk at cheap prices. If you find any of the items that can be resold for profits, then you can buy them in bulk.
Also in other categories like electronics and cell phones, you can possibly find some good deals as well. People often sell their used electronics or cell phones at great low prices. If the models are still new, it’s worth to buy them for reselling.
Search around Your House
You probably have some old stuff that you no longer need or use. If they are still in good condition, then you can list them on eBay. Take some time to look around your basement and garage; you might be surprised of finding a lot of old items that can bring you dollars on eBay. This is the fastest way to find products and get your eBay business start rolling. It is also a way of getting some eBay selling experience.

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