Many people have started with just a few items and created very successful businesses with the help of eBay auctions. This auction house, that many thought was just to get rid of a few old items they didn't need anymore, has turned into a home for many successful entrepreneurs.
If you are considering starting an eBay selling endeavor you need two things: knowledge of eBay selling techniques and inventory to sell.
The knowledge of eBay selling techniques can be self-taught, going through eBay's tutorials to figure it all out. The tough part is picking and finding your inventory.
In order to make a profit you are going to need to find wholesale and liquidation items to fuel your business. Wholesale items are those you purchase in bulk, from a wholesaler. This is the way regular stores purchase their items to sell. Liquidation items are items that are being cleared out of a company inventory. They could be overstocks, returned or discontinued items that are now being liquidated, in bulk.
It is not too hard to find companies to purchase from when you decide to start your wholesale business. Decide what kind of items you want to sell and then start a Google search of that item and the word wholesale (i.e. wholesale jewelry, wholesale clothing, wholesale electronics). Look over your options carefully. There are a lot of companies that will put the word 'wholesale' in their website copy, hoping to bring people in. Look carefully at prices of the items they are selling, shipping and any other associated fees to make sure you can mark the items up enough to make a decent profit.
Liquidation items should be purchased more carefully. While you may think you have a market for the overstocks and discontinued items you need to make sure the items are in good shape. Many liquidation lots are filled with returned items. This means the items may be used, out of their original packaging and have defects. This will greatly impact what you can sell these items for.
When it comes to setting prices on eBay, you must remember, almost everyone searching for things on eBay is looking for a great deal. You have to make sure you purchase your inventory low enough that the price you mark it up to is still a great deal for your customers and a good profit for your wholesale business.
Searching the wholesale and liquidation auctions and bidding on and winning products that can be bought at a low per piece cost and sold for a profit. Visit Wholesale611.com often as we are always reviewing and updating the online auctions for many categories and put the featured items we know move well on our front page. So come buy and review or listings and good luck bidding on the auctions and to your success with your Ebay or other business.