Jun 25 2008
Buying to Sell on eBay
It is possible to buy items on eBay and then to turn around and sell them on eBay for a profit. One way that some people do that is to shop in the wholesale category. The category is an enormous resource for bulk items. To get the best deal, find the biggest lots. Those will give you the lowest per-item price, leading to a higher profit on each sale of those items.
Before buying, however, it’s important to checkout the competition on the items. If there are plenty of the item being sold on eBay, the price you get for each one might not justify the price you pay for the item wholesale. Look for items that are not being sold in multiple lots. If the seller has 20 similar lots, chances are that he has sold many, many lots of these items before. That means that many other eBayers have bought them for the same reason that you will and the market will be flooded.
One Response to “Buying to Sell on eBay”
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Sometimes, people list lots in the wrong category, so you can often find bulk goods by doing a general search for ‘lots’. Good post, especially the tip about checking out the competition!