Now that you understand that selling on eBay requires a cost let us talk about how you will begin your eBay selling plan. I recommend that you do NOT fall for the marketing pitch that you can sell more if you have an “eBay store” because that is just not true.
There are thousands of eBay PowerSellers, myself included, that do not have an eBay store. Why? Well for me personally I do not see an advantage to pay eBay a monthly fee of at least $19.00. I view it as another way for eBay to make money from its sellers.
One of the ways eBay promotes their “store” option is to provide you with “Free Listings” and “Discounted Fees” but guess what? I get that too every month as a PowerSeller and I do not need an eBay store to get it. So it is beneficial to you cost-wise to start your selling on eBay as economical as possible.
WHAT WILL YOU SELL?
When I first started selling on eBay I did some research to see how things that I liked had sold. I also went up on the eBay home page and clicked on the link in the upper left menu called “Daily Deals.” This will give you a good idea what is currently selling well on eBay.
But let me give you some foresight into what has always been good selling items on eBay.
- Smartphones and their accessories
- Other technology gadgets like tablets, laptops
- New video games and game consoles
- New athletic footwear like Addidas, Nike, Reebok, and others
- Personal drones
- Designer items like bags, belts, watches,…
- Collectibles like gold & silver coins and medallions
- Most things Disney, DC Comics, Star Wars, Star Trek
WHERE TO FIND NEW ITEMS FOR SALE
Finding new items for sale is a task in and of itself. The best and most profitable way for some items would be to deal with a wholesaler. Plus when you deal with a wholesaler there is a good chance that they will do drop shipping as well.
I will be going over drop shipping techniques in my next training tutorial on making money with eBay. But one thing I would like to briefly address is that, buying from online retailers like Amazon, then reselling the item for a higher price, and then have Amazon shipping your item, is NOT real drop shipping.
Buying from a retailer and reselling for a higher price is called Arbitrage, and it is a risky way to sell on eBay because your profit margin will be very slim to none and can even be a loss. This is why in real drop shipping you buy your items from either a wholesaler or the manufacturer.
On the last page of this training tutorial I will provide a link to a directory of over 1,000 wholesalers and over 80 drop shippers. But when it comes to selling new items on eBay, working with a wholesaler is important if you wish to turn a profit, even after paying all of the eBay and PayPal fees.
NEXT UP = More research and preparations before starting to sell.
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When you do decide to sell your items around the house, make sure you fully describe them, pointing out if they are damaged in any way and make sure to post at least 2 or more pictures. The more you can show and truthfully describe, the better it will be.
Because of DSD there are some online claiming that Drop Shipping doesn't work, when in actuality it does work. Only the DSD version doesn't work too well.
