Friday, February 26, 2010

It's Not As Hard As You Think To Make Money on eBay

By Carl Ferraro

It is hard work looking for the popular items on eBay. There are some categories that are always going to be popular, including top clothing names and electronics. You will also find an array of antique items are popular because people flock to eBay to find those items. You will not find antiques at wholesale prices.

If you want to sell the popular items on eBay, you can consider looking for those items at wholesalers. A smart eBay seller will do his/her research before investing any sum of money on wholesale goods. If you are going to invest any money in wholesale items, you should invest in the popular items that sell well.

After careful research, decide on which item you would like to sell. Then research which wholesaler will give you the best price. Start your research with liquidators, because more often than not, you will get the best deal from them. Look for large quantities of designer name brands because you will make more profit with a designer label.

You will want to research who you are buying from. There are sources online that can help you find an honest liquidator. Remember that there are people who sell designer knock-offs, so check a company's integrity before purchasing from them.

Drop shippers are another effective source for acquiring wholesale items. These drop shippers are willing to sell you small quantities of items and ship them directly to your customers. This means that you can save a lot on overhead since you won't have to store a huge array of goods and supplies.

Another advantage of using a drop shipper is that you can often negotiate favorable payment terms. To wit, many times you won't have to pay them unless and until you get the money from your customers. However, always contact your drop shipper directly to insure that he has available supplies, and to agree on a price.

One disadvantage of using a drop shipper is that the price you'll have to pay will be higher than that which you might be able to get on wholesale. If you have the requisite amount of storage space and can sell small items like jewelry, and if you have the cash to invest, your profits will be higher when you buy large quantities in advance.

Initially the best strategy you can follow is to buy the goods in small quantity through a drop shipper and deliver to your clients. This way you will be able assess the market and then you can expand your business to a larger scale.

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