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How do they do it?? (EBay Powersellers)
39 posts
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I started actually with 0 dollars but used my credit card to finance my business. It can be done!
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Thanks for everybody's messages. Due to papular demand, we decided to open up our internal research tool. We also added custom research feature, so that everybody can benefit from it. Welcome to use and it is free. Most important, let us know if it is giving a little edge in your selling.
http://www.equidation.com
.M.L. -
its pretty tough to make a killing on eBay. The fees are ridiculously high i think. I guess you just have to find a really good supplier with decent prices!
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Anyway you cut it if you're using any mainstream method to make good money on eBay then chances are you're going to be working more hours than you would at a regular job. It is very difficult to make good (career) money on eBay. Sure you can buy some stock lots, resell used goods, etc. But in the end, the work-to-profit ratio is not going to be great. I suggest that you get out of the eBay mindset. It is the low-ball marketplace. Every day it becomes less-and-less a place for small business/individuals to succeed and more-and-more another outlet for big business.
The majority of powersellers are making under $100 profit per week. With probably less than 1% making more than $250 per week... And these are the powersellers.
What you can do is find a high-margin niche item. Sure, you may be able to sell 100 xbox 360s a week because of the high demand, but because everyone and their brother is trying to do this it is nearly impossible. Plus, let's say you do get 10 xbox 360s... You will be paying at least $275 (core) per unit. If you can resell them on eBay for $290 then you're making around $15 per sale profit. Actually closer to $10 after fees, etc. So, look at the math...
It took at least $2750 in startup to buy the xbox 360s.
You have to stock, list, sell, and fulfill 10 orders. This will take you at least 5 hours total.
You have profited $100 on a $2700 investment and a minimum of 5 hours work.
BEST CASE SENARIO you have made $20/hr with no benefits (health, 401k, etc) and $2700 risk.
It is not even close to being worth the risk and efforts. The ONLY way is to find a niche market with high margin potential. Sure, the mass demand for the product may not be there but neither is the mass competition.
Then, when you find your niche do not drive it into the ground trying to outsell your (limited) competition. If the item costs you $450 each and you're able to sell for $1200 each (~$650 profit after fees) then do NOT try and outsell by saying "ok, I'll sell for $900 instead". This will just destroy your market. Soon that item that costs you $450 will be selling on eBay for $480. Greed kills. So anyway... Look at the math...
It took $450 startup to buy one XYZ.
You have to stock, list, sell, and fulfill ONE order. This will take you under 2 hours total.
You have profited $650 on a $450 investment and a maximum of 2 hours work.
BEST CASE SENARIO you have made $225+/hr with no benefits and $450 risk.
So, which sounds better to you? There are plenty of these niche markets still on eBay. Thousands of them. The reason you don't know about them is because they are niche markets. Not market crazes like xbox 360 or ipod. I have a friend who makes a killing (over $250k annunal) selling nothing but Infaltable Bounce Houses. Now don't go crazy (and dumb) saying "wow! I am going to start selling inflatable bouncys"... Be nice. Don't just go destroying markets.
A few that are very high margin, always drop shipped, and not cornered yet are...
Portable Bleachers (Yes, ACTUAL bleachers, not stadium seats.)
http://www.reliableseating.com/bleachers.html - here is a link & they will drop ship.
Professional Laser Tag Equipment (the professional stuff, not the toys -- one sale can net you $15,000+)
http://www.lazerrunner.com/
http://www.laser-tron.com/
http://www.lasertag.org/
Game Tables ($150+ markeup on most items, even on eBay)
Lookup J&S Sales in New York. They drop ship.
Houses (Yes, they do this drop shipping. It is about the best I have found so far with $3000 - $10,00 net per sale)
Do a search on GoWholesale like this http://www.gowholesale.com/search?t=w&k ... +ship+site and you will find them.
Hope this all helps. Good luck! -
Is that J and S sales using the and symbol?
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Yes. I have to find their domain name again. They are online -- shell website but they're very easy to work with and drop ship everything.
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fitties wrote:I just don't get it. How are these people selling these products (high end products like digital camera, brand name clothing, etc) and making such a huge profit off of it all? I have been researching for weeks now how to get into selling on eBay part time and eventually full time. I just am not having any luck at all. I cannot find a reputable dropshipper, I cannot find a good wholesaler, I cannot find anything! Everything I have read says "Sell things from around your house" or "go to yard sales" I can only do that so much...I am running out of things to sell. How are these people doing it????? Are they contacting manufacturers directly and asking them to sell them the products at wholesale price? I am so discouraged right now.
Sorry, maybe this was more of a vent of my frustration than anything else.
Hi there,
This happens all the time -- ie. we see opportunity all around, but when we actually look at executing something, things seem so different..... and let me assure you, you are not the only person feeling that. Nevertheless, in terms of making money on eBay, several PowerSellers have released their secrets in the form of eBooks.. may be you can grab one of those. eBay also has their gatherings of PowerSellers-- I'm not sure if it is restricted to only powersellers; if not, you could visit one of those (and pick people's brains).
And if this is of any help, we have a list of dropshippers/ wholesalers --- pls. check it out: http://www.internet-retailer.com/wholesale_dropship_list.htm
All the best, -
The power sellers know how to get the "free stuff" like free border and free pictures, if you do not know how to do this go to http://www.freewebs.com/marilynroesler and there you will learn HOW TO GET THE FREE STUFF AND SAVE MONEY!
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I appreciate the concern which is been rose. The things need to be sorted out because it’s not about the individual but it can be with everyone.
Michaelroger85
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