Online sales of new and used merchandise is exploding right now. Recently, many small business owners have begun to buy and re-sell items on platforms such as Shopify, eBay and Amazon. Online selling platforms drive lots of traffic and business to a single website through powerful search engines. As a result, selling bulk items on these websites can be a lucrative way to make money. In this article we explain how to resell on eBay and how to run an ecommerce business.
According to the eBay website, there are many easy things that you can learn how to resell on eBay. They include things like electronics, toys and clothing.
Here are examples of items which are in demand globally:
- Jewelry & Watches. Watches. Engagement Rings. Fine Earrings & Rings.
- Computers/Tablets & Networking. Printer Ink, Toner & Paper. Graphics/Video Cards. PC Laptops, Netbooks & Laptop Replacement Parts.
- Cell Phones & Accessories. Cell Phones, Smartphones & Parts. Cases, Covers & Skins. Headsets.
- Video Games & Consoles. Popular Games, Consoles and Video Game Merchandise.
- Clothing, Shoes & Accessories. Women’s Bags & Handbags. Clothing, Shoes & Accessories.
- Cameras & Photo. Lenses. Digital & Film Cameras.
- Health & Beauty. Fragrances. Anti-Aging Products. Vitamins & Minerals.
- Music, DVDs & Movies. Music Records & CDs. DVDs & Blu-ray Discs.
- Automotive. Car & Truck Parts. Car Audio & Electrical Components. –eBay Website
Obviously, this is a large swathe of what are considered to be the easiest things that you can learn how to resell on eBay. It is a good idea to start out with a longer list of items you can sell, and then begin narrowing it down to your focus products. As a result, this will help you choose the best product for your business.
Top 10 Products: How to Resell on eBay
- Cell Phones/Accessories
- Video Games/Accessories
- Bonus: Vintage items, including electronics, vintage collectibles, such as toys, knives, war memorabilia, and more.
Many people are stuck at home with nothing to do (but shop). As a result, they are looking for things that they can use during the quarantine. Moreover, people are doing more at home and less in public. Instead of driving to the gym, they are doing a home workout; instead of driving to get coffee, they are making a latte in their kitchen; instead of traveling to work, they are working from home. Furthermore, understanding this will help you tailor a products list that will have a better chance selling on eBay.
Pandemic Products Include:
- Exercise equipment (ex. Dumbbells, weights, yoga)
- Cleaning supplies (ex. Wipes, hand sanitizer)
- Gaming accessories (ex. Headsets, gaming chairs)
- Office supplies/accessories (ex. Printers, furniture)
- Small appliances (ex. Coffee maker, margarita machine)
Although the list of best selling eBay products changes from day-to-day, here are some core products that have been hot sellers in the past. In addition, keep in mind that there are seasonal items that come and go. For example, holiday items sell best during holidays like Christmas, and summer fun items sell in the summer.
Start an Online Ecommerce Store
Websites like Shopify, Amazon and eBay make it relatively easy for you to open an e-commerce store for practically nothing. For example, there are tons of videos and posts online about how to go about this. Furthermore, if you go this route, do your research and determine which site is the best fit for you. Getting started can sometimes be a challenge.
Also, you can sell services online. Are you good at building websites, social media or marketing? Many businesses now have an online presence and they need marketers and SEO consultants to help them reach customers. Becoming an ecommerce or online marketing expert can be a lucrative career.
Sell Items Lying Around the House
Sell Things Like Electronics, Jewelry and Name Brand Items Online or in a Garage Sale
The quickest way to get started selling on eBay is to sell things you already own, but don’t need. Take an inventory of what you have at home that isn’t needed. Cell phones, gift cards and electronics are quick sellers. Other items that you may have not considered include:
- Vintage toys
- Fitness equipment
- Name Brand Items (Apple, Bose, Tiffany, Etc.)
First, the common places to sell the items include eBay, Etsy, LetGo, Swappa, Gift Card Granny and Gazelle. Each of these sellers offers a phone app so you can easily manage purchases directly from your cell phone. The money from each sale goes directly to your bank account. Note: fees may apply.
Second, once you have decided on using eBay, simply gather your products you want to sell. You may want to clean them and prepare them for photos. Once products are clean, photograph them, and begin listing them on eBay. You will find that eBay has a great smart phone app that allows you to do everything without the use of a home computer.
Side Hustle or Full-Time Work
Learning how to resell on eBay can be something you can do in your spare time. Furthermore, you can also be an online seller full-time. One example you might think of is eBay auction sites. You can make a lot of money by buying products from wholesale suppliers to sell online on websites like Amazon and eBay. Buying items wholesale at a low price and then selling them on a website like eBay or Amazon can be something you could do for a small fraction of the cost they buy in bulk at a wholesale price.
New or Used Items
There are many opportunities for buying either new or used items for bulk resale. For example, you may decide that you want to do drop shipping and buy bulk new items. For example, many sellers on Amazon buy bulk items from online sellers in China such as Alibaba. Furthermore, the sellers receive a discount for buying items in bulk. The items can then be sold at higher, retail prices on websites to US buyers for a profit. As a result, this is essentially the drop shipping model of sales.
Next, you can also choose to buy used or damaged merchandise for resale. For example, participating in an online mass auctions are a great way to find the things that you need for how to resell on eBay. If you just want to get a bargain or plan to buy items en masse, this may be the best way you can get experience for how to resell on eBay. The quality is quite good and you can get discounts, but the rest of the item you buy will be sold at a much lower price. Examples of this include buying bulk auctions from retailers such as Target, Amazon and Wal-Mart.
Buying the low priced items can enable you to learn how to resell on eBay and ensures you a low investment cost, increasing the profit margins on your resales. In addition, learning how to resell on eBay ensures lower prices for each unit and increases your profit margins on resales as an effect.
Wholesale and Retail Profit
When you choose wholesale and retail, remember that the profit you make also depends on how cheap the wholesale price is. If you need to buy your goods in large quantities, wholesale is usually more expensive than resale or drop shipping. It is more cost-intensive and more effective for a wholesaler to buy the products from a manufacturer and get a discount than for each item individually. Buy the easiest method for how to resell on eBay is to purchase at wholesale prices, maintain low business costs and still make a profit.
If you just want a good deal at wholesale prices or don’t want to deal with private labels, wholesale is another great alternative. If you buy from a liquidator or wholesaler or buy pallets directly from Walmart without checking the source, you can save money and increase your profit margin. Furthermore, big online retailers like eBay and Amazon allow easy access to their platforms for how to resell on eBay. However, wholesale can also be a bigger alternative for those who only need to buy in bulk.
Other Ways to Reduce Costs
If you also want to buy large quantities of items from a manufacturer or distributor without paying tax, you can obtain a resale license known as a wholesale license because wholesalers use it to purchase large quantities of inventory. Buying and selling goods wholesale is not strictly necessary to sell goods, but many wholesalers will require or require VAT and ID.
Wholesale Selling Strategy for eBay
Once you have all the information you need regarding how to resell on eBay, you can start your wholesale selling strategy. Let’s go through several ways to find the best wholesale companies for your small business, from drop shipping suppliers to wholesalers. Now that we have developed our wholesale pricing strategy, it is time to look for potential wholesale customers.
To buy wholesale goods in a store, visit a competitor store that sells a line of products similar to yours. If you know that the product is selling well, buy it and take it to the wholesale market.
Most wholesalers have a minimum purchase quantity for the things that you can learn how to resell on eBay, so you need to identify which products are best suited for bulk sales. Your product will probably be sold in large quantities to many different retailers and distributors. If you buy your product from a wholesaler, you can sell it at a higher price to make a profit, but if you sell it wholesale, it is probably not worth buying it from them and selling it at the high price at which you made a profit.
If you buy large quantities of the products that things that you can learn how to resell on eBay, you can sell it over a longer period of time and benefit from selling your products at a higher price.
eBay Selling Wrap Up
Whether you are opening a retail store or store or simply buying wholesale for the first time, it is vital that you understand the process of finding and selling the products on eBay. To successfully learn how to resell on eBay and Amazon, you need to identify the needs of your suppliers and customers and then learn how to get them. Whether you are buying bulk clothing or reselling, finding the best suppliers to use for bulk shopping is critical to your business success.
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