Ship your package to the buyer as if it must survive a great USPS catastrophe and make it look pretty by wrapping in tissue paper. The trick is to give people the sense of opening a gift.
Want more tips like these? Sign up for our newsletter and follow us on Facebook , Twitter and Instagram. IE 11 is not supported. For an optimal experience visit our site on another browser. Share this —. Follow better. By Nicole Spector. Post-holiday savings tips: Sell unwanted items and gift cards for cash Dec.
How to organize your drawers with Marie Kondo Nov. Live auctions are a lot of fun. If you have one near you , go check them out.
Some auctions can be overpriced and some can be really cheap. It just depends on the owners. You can find all my best auction tips here. Their clearance aisles can be a great place to source inventory for ebay. Brand new items are easy to list and ship. This applies to most of the big box stores in your area.
This is near the bottom of the list but should be at the top. If you want to source inventory for ebay but have no money, your own home is the best place to do that. Your own home is the best place to source if you are new to ebay as well. A booth at an antique mall can be a great addition to your reselling business. It can also be a great place to source too. While a lot of items in these booths may be priced at retail, the booth owners do not know everything.
Stick to the junkier, flea market type booths for the best deals. Go on a regular basis so that you are familiar with the booths and can spot new items easily. Let the mall employees know what you are looking for. Anywhere you can, negotiate the price. We negotiate the price at garage sales all the time.
Bundling items making a pile is a great way to get a cheaper price. If you see similar items priced individually, ask how much the seller will take for all of it.
It may be cheaper to buy it all, even if you have to find something to do with the rest of it. The money is made on the buy, so buy items for the least amount possible.
When you are discussing price, never be the first person to throw out a number. Many times, the price they were going to give you is less than your offer. See where they are first and then see what you can do lower it if it is too high.
Inventory can be anywhere and everywhere. This could be a new thrift store, free stuff someone offers you, a pile on the curb, etc. Work hard, build connections, and treat everyone with kindness. Scan and look up everything you can until you learn what to buy and what not to buy.
This is the fun part. Be adventurous. Look under tables. Ask the sellers if they have more or certain items you are looking for. This post may contain some affiliate links for your convenience. Click here to read my full disclosure policy. Struggling to find time to set aside for working on your business?
What if family life and reselling…. Starting a reselling business can be challenging. One of the very best ways to accelerate the process is…. Do you have a huge death pile and wish you could list faster on ebay because it feels…. They have a…. On January 15, , I took a leap of faith and opened an antique booth. My husband and…. Hi there. I would just like to say thank you for sharing all these awesome tips.
So many excellent sources too. I was getting excited just reading it. Outstanding job! Why not give it a go? I believe this could work. Patience is key. I shall work on that. And that is, to have a spending limit that fits directly into my budget. Thanks again for taking the time to write this awesome post and sharing it with the public.
Lillian, thank you so much for your kinds words! I was just talking to a brand new reseller a few days ago, and the one tip that I gave her was to not get over her head too quickly.
I think one of the biggest mistakes that resellers make is buying faster than they can sell or list. There are million eBay buyers worldwide. There are a few different types of eBay sellers. PowerSellers are professional sellers who spend a lot of time purchasing items, packaging products, shipping and receiving goods, and managing auctions. For example: eBay Ellen — an amateur reseller — has a lot of clothing.
To make extra cash, she turns to her closet and sells her gently used designer threads under a fixed-price listing. Video Game Vince is a gamer and comic book collector — and a PowerSeller. He scours the internet for comic book collectibles and video game action figures to resell. Three categories that sell particularly well on eBay are:. While some eBay sellers focus on a niche product, others follow the trends to sell what is popular at the moment.
This will require a bit of research on your part. You can use this tool from eBay to see what buyers are searching for. Another resource for researching seasonal trends and historical data is Google Trends. You can use it to help gauge consumer demand and determine the best time to list and sell your product.
You can use the eBay appraisal tool to determine the value or trending price of a particular item in a specific category. When eBay first launched in , it was a true peer-to-peer marketplace built on auctions. There are pros and cons to each selling method — the one that will work best for you is highly dependent upon your individual business. You run a traditional auction for a specified number of days. At the start of the auction, you list an opening bid, and then buyers will bid up from the opening price.
When the auction comes to an end, the highest bidder wins. This type of selling works great for someone like Video Game Vince because he deals in unique, collectible items. Passionate fans of the comic book genre will feverishly bid up the pricing, allowing Vince to pocket a nice profit. Pro tip: Set a reserve price — or, the lowest price you are willing to accept for the item.
This style of selling is efficient and convenient, as there is no haggling or waiting for an auction to end. On eBay, shoppers search for products using keywords. You can optimize your product description by making sure to include relevant keywords and product identifiers. Write detailed product descriptions that include these attributes:. It is imperative that you structure your product attributes similarly to the words and phrases users are typing into their eBay searches. You should also be very transparent about any product defects the item may have, and disclose any issues or flaws related to the product.
Using product identifiers in your listings can help increase your item visibility, which in turn will help optimize sales. When buyers look for items on search engines like Google or Bing, those search engines look for specific data called product identifiers. You can find a comprehensive list of categories here. When you include product identifiers in your listings, your product will be eligible for higher search visibility — on eBay as well as outside search engines.
It will also be eligible for special price alerts e. Adding product identifiers is highly recommended to maximize your potential on eBay through better product placement and better SEO data for search engines.
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