Share best practices, tips, and insights. Meet other eBay community members who share your passions. I’m curious. How does anyone make money on low priced auctions? After ebay and paypal take their fees, there’s not much left? Am Sellong right? What am I missing?
With more than million active users in , Ebay remains one of the top online platforms for buying and selling products. It currently sits at the number 3 spot behind Amazon and Walmart in terms of visitor numbers, with an impressive million visits per month. Ebay lets sellers create an auction easily and cash in within a week. As of February of , the app has an audience reach of People dipping their toes into Ebay for the first time are usually looking to sell pre-used items. These Ebay users pop up only when they have stuff to sell, usually items they have around the house. This group of Ebay sellers trade during their free time and usually scales up when the business shows true potential to expand. Refers to established businesses with a large customer base and significant product turnover. They typically work full-time on their Ebay business. Knowing who to source your products from and building a strong relationship with suppliers is one of the most important pieces of the puzzle if you want to have a successful dropshipping business on Ebay.
Most beginner dropshippers will probably fire up Google and try to look for a product to sell and where to source it. And while you may want to give them a shot, your Scam-O-Meter tells you otherwise. The truth is, these products have so much competition that only the top sellers with thousands to spend on marketing and massive orders are getting the bulk of the sales. You can see examples of good items to sell in our blog. Try using a listing analytics tool such as the SaleHoo Market Research Lab to narrow your focus to what’s actually selling on eBay. Once you’ve chosen the type of items you want to sell , it’s time to move on to the next step. To make money on eBay through dropshipping there are two things you have to know like the back of your hand: the eBay platform and your dropshipping suppliers. Price is important, of course, but there are other factors that come into play.
Steps to Getting Started and Growing an eBay Business
Check it out. Here’s how. Plus, insider tips on how to make money on eBay from eBay senior exec Jim Griffith. Ramit Sethi. We also interviewed a senior executive at eBay to get insider tips on how to make money selling stuff on eBay. Want more money? Susan and I are both fans of Big Wins. That means aggressively cutting costs, optimizing our spending, and earning more. How much can you really make on the site anyway? Most importantly: Is it worth it … or am I just going to get screwed by selling all of my stuff way below market value.
How to make money on eBay in 37 minutes
Share best practices, tips, and insights. Meet other eBay community members who share your passions. I have tried to make some money using eBay, but each time, eBay makes more money that I do? In this example. Sounds OK. And those fees are figured on the total dollar amount the buyer sent. So, knowing what the fees are going to be, since it’s all right there for us to read and understand BEFORE we list something for sale, it’s up to the seller to price his items so that there is a fine profit left for his pocket after all the expenses are paid. If you price something so close-to-the-bone that there isn’t much profit left after fees are paid, that’s on you. If your item didn’t have enough profit in it to cover fees and leave you with a satisfactory profit margin, perhaps selling it locally through another local selling platform might have been your better choice. Most sellers here find merchandise cheaply enough that they can be both competitive with their asking prices AND still pocket a satisfactory profit percentage after all selling expenses are paid. You did the math and now you know. Most sellers who are trying to make a profit plus compensation for their time try to find items for 10 cents on the dollar. I feel for you, and I understand the problem.
Why it’s a good idea to dropship on Ebay
There is a fortune to be made selling discontinued items on eBay. Many can be found in local retail stores and will sell for a high profit because consumers are creatures of habit — they don’t like change. People will often pay an exorbitant amount of money to keep using their favorite hair color, keep drinking their favorite coffee, or keep using the same baby products on their infants.
Learn how to cash in on discontinued products by understanding how to recognize them and how and when to sell them on eBay. To make money on eBay with discontinued and limited edition items, timing is important. The optimal time may be as soon as you find the item, within a few weeks before the item expires, or months later when other sellers have run. Being greedy does not pay on eBay, and sometimes you end up with. Other sellers will always be willing to charge.
When you discover that the selling price is falling and your profit margin reaches its lowest acceptable level and the expiration date is approaching, sell the items in a lot or batch for your cost and move on. Get out while you can still recover your investment. Another profitable discontinued item will come. If there is no expiration date, you can price high and wait. The best way to sell discontinued items is to buy a few if you can find themsee how they perform, and then buy more if the profit is acceptable.
This can be a costly lesson, so don’t get greedy. Find a source, sell some of the product, and then decide if you want to sell. Large manufacturers like Johnson and Johnson, Kimberly Clark, Nabisco, and Kraft know that the consumer market will respond to a new product. When sales of a once profitable product fall below a certain threshold or fall into the decline stage of the product lifecyclemanufacturers know it is time to stop making it. Shelf space can be allocated to a new product that will get its own advertising campaign and a lot of marketing attention.
It is a cycle that occurs constantly and what drives many of the manufacturers to continually develop new products. Many products in the decline stage still have a loyal following of customers. One example is hair color. When women find an at-home hair color that works for them, they are reluctant to change. Hair color is always being discontinued. The next time you are in a Walgreens or a grocery store, look at the clearance or reduced section. Hair color is usually one product that is always marked.
And don’t forget the men’s hair color. Non-perishable food is another category to pay attention to. Remember the Hostess Twinkie frenzy back in November of ? Smart eBay sellers rushed out to grocery stores, Target, Walmart, and anywhere Twinkies were sold. Sometimes, a major event like the Twinkie situation is a great way to make some fast cash on a disappearing product. Learning about a discontinued item is mostly paying attention. A few ways to learn if an item has been discontinued:.
Pay attention to what customers in stores are saying. Have you ever been shopping and another customer is looking for something and comments that they can’t find.
Or they turn to the person they are shopping with and say something like:. That’s your cue to ask them what they are looking for and do the research later. Just paying attention to what is going on around you can have huge rewards. Remember to do your homework and check completed listings to determine a fair and competitive price. They may not be getting the item for the same price that you are paying. You may also find items at garage sales, and estate sales. Some grocery stores have a special section for clearance items.
Others have been discontinued by the manufacturer. You will have to do the research to determine which it is. If the item has only been discontinued by a particular store, it will still be readily available elsewhere and won’t be a good seller on make money using ebay selling price.
Look for hair products at salons, Ulta, Sephora, and other stores specializing in makeup, skin, and hair care. Sometimes items will be in the clearance section, sometimes they will be on the shelf at regular price. Always do the research and math before buying. Probably one of the best places to find discontinued items is at and flea markets. Do’s and Don’ts Selling Questions. By Suzanne Wells. Other brands and types of products that are frequently discontinued:. Go on eBay to the health and beauty and grocery categories and search for the keyword «discontinued.
Lots of bloggers vent online when one of their favorite items has been discontinued. The manufacturer may also have the notice of discontinuation on their website.
Look on Amazon reviews. Customers will often use the Amazon Reviews option to complain that products the like are not available because they were discontinued. Call the number on the back of the product and ask. Nothing like getting the information directly from the horse’s mouth. If you call the company, ask if the product is undergoing a packaging change or if it has permanently been discontinued. If just a packaging change, the item will return to the shelves and you will know you only have a short window to sell the item for a profit before the supply is reinstated.
Watch the news. There are often reports of discontinued items showing up on eBay for crazy prices. Today Sponges were selling on eBay for 5 times the shelf price because eBay sellers had purchased them for resale, and there were not any available in stores.
Eventually, the sponge was re-released and supply caught up with demand. I wonder if they don’t make it anymore. You never know when or where discontinued items will pop up so always be on the lookout. Continue Reading.
Share best practices, tips, and insights. Meet other eBay community members who share your passions. I have been selling on Ebay for about 6 months or so and between shipping, ebay and paypal charges, I am really not making any money. Do you have more luck offering free shipping, flat fee or calculated shipping? I live in the midwest and it seems the majority of customers I get live on the west coast or down south.
5 expert tips for selling on eBay
Does that make shipping more expensive? Anyway, I’m really wondering if all this is worth it. What are you using for a camera? Are you using a phone cam or a tablet cam? I notice that a lot of your sold items you only got a single bid on I also notice that in most of your photos, the focus is very soft and bordering on out of focus. You should always check your photos on a bigger screen like a computer or a TV even to make sure they are clear and in focus. Most phone and tablet cameras have an inferior lens even in comparison to an inexpensive pocket camera Poor or incorrect lighting can make money using ebay selling price it. The reason I bring this up, is that unless I’m shopping for a bargain, if the photos are not sharp, I move on to the next listing. If I AM looking for a bargain, often an item with less than optimal photos will only get a bid or two on them, so I can almost always buy them for. Something for you to consider. GIMP is a lot closer to Photoshop in what it can do, but it also has a bigger learning curve, where Photoscape is fairly simple to use.
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