We all would like to make extra money and the business of reselling seems to be a hit with a lot of people. My spouse K got into reselling on Ebay recently and actually loves it. I recently went with her to a thrift shop and watched her work. It was nice to see her work as she checked items for its origin and scanned items to see what it was selling on places like Amazon and Walmart. I got a better understanding, though if you look at her makeshift garage office with boxes and products I sort of had a idea it was a lot harder than I gave her credit for.
My spouse did a question and answer about eBay Selling.
1. Compare Ebay to website selling on Unique
2. How did you get started with Ebay selling?
It’s funny that you ask that question, it was never my intention to sell on eBay. The products I was selling on Unique Things, my spouse didn’t think they belonged on our Unique Things Store, so I was forced to remove them, since I didn’t what to establish another website I put them on eBay, and they started selling there. So, we decide to move all the products from Unique Things to eBay, funny thing is the stuff we couldn’t sell on Unique Things store was selling on eBay. Again, that is why selling from a establish store helps.
3. How do you find your merchandise?
I find my sources all over, I go to retailer’s clearance section, I have a business account with Earth Entertainment, I only joined them because I wanted Funko Pops at a discounted price. I also use BULQ, Bulq is where you can get returned items from stores that could’t move merchandise, so they need to make room for the new merchandise coming in. You don’t need a business license to get merchandise from them, there is also the thrift stores and yard sells that you can use for sourcing. You can use offer up or let go, and even FB market place. You can also get products from Alibaba and Dhgate. While I have used Alibaba I wouldn’t recommend them if you are just starting out because of the shipping. DHgate is a little better because it ships the products for free but they up the product price to compensate for the shipping. I’m starting to get my sourcing for US because of the shipping cost.
4. How many ways are there to sell on Ebay?
There are three ways to sell on eBay. Auction, Fixed Price, Best Offer. Each has itsadvantages and disadvantages.
Auction: is when you place an item up for bid, this is good if it’s a hot item, the price can go up over the original price you pay. That’s when you have a bidding war. The downside is if the bidders are trying to out smart you they will bid a nickel at a time or even a dollar over the bidding price, they are trying to get the item at lowest price. So, you may not get the asking price you were hoping for.
Fixed Price: is when you set a fixed price on an item, this means you will not budge on the price. However, you can set it up to where you willing to negotiate the price by having lowest price you will except. That’s when the best offer comes in,
Best offer: if you have negotiated the price and the consumer has agreed on the price. You meet somewhere in the middle for the price.
5.Give a step by step instruction on selling on eBay.