| If you are trying to start an eBay business and | | | | will sell these kind of products at a wholesale price. |
| wondering about this question then you are not alone. | | | | And you don't have to spend a fortune to buy from a |
| All beginners spend considerable time trying to figure | | | | wholesaler either. I have bought wholesale investing as |
| out the best products they should be selling to start a | | | | little as $500. For example, if you sell everyday |
| profitable eBay business. | | | | products like perfumes or baby toys, you can easily |
| So, what should you sell on eBay? | | | | find a wholesaler who will deal with you give you a |
| Well the most logical answer to this question is sell | | | | deep discount. Now compare that with iPod or Nikon |
| those products that are currently popular on eBay and | | | | XLS. Good luck to you if you try to find a wholesaler |
| have a huge demand. Since they have the demand, it | | | | for those items. |
| should be easier for anyone to sell those items on a | | | | Can I sell more than 5 items a day? |
| consistent basis and earn a steady income from eBay. | | | | I like to sell only those products that I can sell more |
| In fact, most eBay experts suggest this theory. Many | | | | than 5 items a day and make on average $10 per |
| of them go as far as to offer you to sell their own | | | | sale. Why? Think about it, if you can sell 5 units of a |
| "hot seller list". | | | | certain item a day and make $10 profit that means |
| So the question is... | | | | you are making $50 profit/day. Now if you can sell 5 |
| Should you sell hot items on eBay, especially if you are | | | | items like that, then you can easily make $250/day |
| just starting out? | | | | from your business. |
| Well my answer is NO...you SHOULD NOT sell hot | | | | Is it something that people will buy more than once a |
| selling items like iPod, digital cameras or GPS Units | | | | year? |
| when you are just starting out. | | | | I like to sell products that people needs more that once |
| Why is that? Well there are a couple of problems that | | | | a year. That means if I provide good customer support |
| makes it difficult for a new seller to make money on | | | | and make my customer happy the first time, then |
| eBay selling popular items. | | | | there is a very good chance that he will become a |
| It is very difficult for an individual seller to buy those | | | | repeat customer. Now why is it important to have |
| products at a wholesale price as most of wholesalers | | | | repeat customers? Because it is easier to sell to |
| tend to sell only to big box retail stores. | | | | repeat customers; you don't have to compete with |
| Now what about on-line drop shippers and | | | | other sellers to sell to them multiple times. Think about |
| wholesalers? From my experience, I have found that | | | | Wal-Mart or Target. They are successful because |
| the price they offer is a lot higher than the current | | | | they have a loyal customer base that buy from them |
| selling price on eBay for those items. | | | | multiple times. |
| If you compare their prices with the current selling price | | | | Most successful eBay sellers rely on repeat |
| on eBay for any popular product, you will quickly see | | | | customers. About 35% of my profit comes from |
| that there is no way you can make money using | | | | repeat customers alone. |
| those services. | | | | Can I buy that product form a wholesaler? |
| The second problem you will face is that you will have | | | | It is very important that you buy from a wholesaler at |
| to compete with big retailers and national wholesalers | | | | a true wholesale price. Remember that you don't |
| who use eBay to sell their refurbished and return items. | | | | make money when you sell. You make money when |
| They generally gives deep discount that brings the | | | | you buy. I recommend that, you don't sell any product |
| price down so much that it becomes impossible for an | | | | that you can't buy at wholesale price as you will have |
| individual seller to match those prices. This is the main | | | | hard time making money on eBay if you do so. |
| reason why people have such a hard time selling | | | | Finding a wholesaler is not that difficult as people |
| popular items from a drop shipper. | | | | makes it sound, if you choose to sell something that is |
| Then what can you sell on eBay and earn a part-time | | | | not the craze of the moment. |
| or full-time income, especially if you are starting on a | | | | What happens when you use these criteria to choose |
| limited budget? | | | | a product? You systematically, force yourself to |
| I always recommend that you should sell items that | | | | concentrate on those products that: |
| are low cost, meaning MSRP below $50, that has a | | | | - Have a consistent (may not be a mad gold rush) |
| consistent demand on eBay. Also, I like to sell items | | | | demand on eBay |
| that people need in their everyday life. These are not | | | | - You can buy at a competitive price |
| as glamorous as the "Hot items" but they do sell well | | | | - You have a chance to sell to the same customer |
| on eBay and you Can make a profit selling them. | | | | multiple times Finding the right item to sell on eBay |
| I always ask the following questions: | | | | needs a little bit brainstorming and some research on |
| Is it something that people need in everyday life? | | | | your part. So before you invest any money on any |
| I like to sell products that people need in everyday life. | | | | items I recommend that you take the time and do your |
| There are two reasons I like to sell these products: | | | | some market research. |
| First: there is a consistent demand for these items and | | | | First, look at eBay completed data and make sure that |
| you don't have to worry about changing trend. There is | | | | the items are selling on eBay on a consistent basis. |
| a consistent demand for these items all year long. And | | | | Second, before finalizing on a product source do some |
| there is a huge benefit when you do that. You can buy | | | | price comparison. Crunch your number and see |
| in lot (and get a deep discount) and don't have to | | | | whether you can make money selling those items on |
| worry about what happens if you can't sell them | | | | eBay. It doesn't matter how hot an item is selling on |
| ASAP. | | | | eBay, if you can't make money then there is no |
| Second: It is a lot easier to find a true wholesaler who | | | | reason for you to sell it. |