Millions of people flock to eBay every year to complete easy purchase transactions. As the leading online auction site, eBay also offers a potentially lucrative opportunity to begin a home-based business. The most common dilemma for new eBay vendors is where to find items to auction off. The following tips are guaranteed to assist with finding the perfect inventory for an eBay auction.
1. Look for unneeded and unwanted items in your home. Remember the old saying, “One man’s trash is another one’s treasure.” Surprisingly there is a market for almost anything found in a typical family home. Video games, jewellery, brand-name clothing, and baby items do especially well on eBay.
2. Join a liquidation alert website. Through a series of internet and cellular alerts, members of liquidation websites stay current on where and when to look for discounts. Basically, if there is a close out a store within a specified distance from location settings, the pertinent information is forwarded by email or text, right as the deal closes. This system ensures customers always get the best items for the best possible cost as soon as it becomes available.
3. Join a wholesale website. These websites tend to sell in bulk and it may be necessary to keep an inventory. Those who choose wholesaling need a starting capital and will need to consider the overhead. Another option in wholesaling is partnering with a drop-shipping company. Drop-shippers keep the inventory and allow their products to be distributed through affiliates. In some cases, it may be necessary to subscribe to several companies.
4. Browsing estate sales can produce numerous bargains. Estate sales are designed to sell entire households full of goods rapidly. Become familiar with popular items on eBay and search for similar products to purchase and resell. Estate sales provide the opportunity to acquire items at a low price and auction them for a profit.
5. Although it can be a gamble, storage facility auctions are often a goldmine. When customers have not paid their storage fees for more than 60 days, the storage center becomes legal owner of all contents. Auctions are held in an attempt to recover the storage cost. Items are auctioned off in groups, as a whole, or one at a time for bigger ticket items. Buying in groups or as a whole is risky as individual items are not disclosed; however, valuable contents are common finds in storage auctions.
6. Look at the clearance sections in a selection of stores. All retailers have clearance aisles, and depending on the season, items can be resold. Out of season products will not sell well. Unusual or hard to find items and items in high-demand on eBay are the best for a quick profit.