Art of Buying eBay Lots/Product
SELL SMALL ELECTRONICS AND ACCESSORIES:
Examples: Game Consoles, GPS Devices, Phones, PDAs, pocket pcs, laptops, routers, and other small devices..
You can buy them in lots on eBay..
[ eBay Reference Link 1 - Click Here ]
Of course, not every lot on ebay is worth your time.. But, generally, there is atleast one or two good deals ending daily..
The best PDA deal I EVER had was for 50 Blackberry 6710 phones.. I only paid $500 bucks total. I sell them for about $37 to $42 each. So, if you add it up, I make almost $2000 in the end after selling them all..
Thats about $1500 profit in the end.. I paid about $10 bucks per phone and sell them for about $38 average.. $28 profit on each sale.. This is not counting the shipping costs, which are on top of the $38..
I am currently selling the phones.. Here is a link to one of them I am selling:
[ eBay Reference Link 2 - Click Here ]
So, if you keep your eyes open while searching ebay, you can find some really great deals, usually in "lots".
So, when I do searches on eBay, I will go to a specific category, like camcorders, for instance:
[ eBay Reference Link 3 - Click Here ]
Then, I do a search like "camcorder lot"
[ eBay Reference Link 4 - Click Here ]
Then, I surf around and look for some that look like they "might be good".
THEN, the most IMPORTANT step, if I find a lot that looks nice, like this one here, I will then search eBay's history to see its value individually:
[ eBay Reference Link 5 - Click Here ]
Then, I will do history searches on the models. Take for instance the PV-GS19:
[ eBay Reference Link 6 - Click Here ]
This search tells me that the camcorder is worth about $200 to $250. All the "green" numbers are the auctions that sold.
I would go through the list of camcorders on the "Lot" auction above and then take each camcorder model number and do a history search on eBay..
Then, I would add up the total potential value.
Last, to figure out what I would bid, I would only bid maybe 1/4 of what it would sell for. If the auction does not tell you if they all work, I would only bid 1/8 of what I could sell them all for, just in case half did not work..
So, its all probability and factoring in potential best and worst case scenerio to make sure you make the money no matter what happens..
That way, you always come out on top..
Examples: PDA, camcorder, car audio, guitar, etc accessories. Such as power cords, small tweeter speakers, small speakers, batteries, etc..
They don't make you a ton of money, but often, you can get them for about 1/8th what you make when you sell them.
I sell 350 dome tweeters. I sell them for $1.99 + $6.49 S&H. That is basically $8.50 each. They only cost about $1.80 to ship and package. It only costs about $135 to buy 100 of them.
So, you have $1.35 + $1.80 invested in every sale. Of course, you have eBay fees, but they are about $0.70 or so per sale.
So, the total cost completely, would be like $3.80 or so... Thats every fee imaginable, period..
You make $8.50 - $3.80 = $4.70 profit on each sale..
Not huge, of course, but if you sell a few a day, thats $15 bucks a day..
The Roadblocks Many Encounter When Selling Online
- Its really hard to find a decent supplier.
- And when you find one, they cost too much to make a profit.
- Or, you are required to buy 100+ items just to make a decent profit.
- Also, trying to avoid bad product when doing trial and error.
The good news is I have done all this work for you. Matter of fact, I don't even mind giving you my suppliers' products right now, without payment. Why would I do that? Well, I make a little money on each item you sell and I know they are good items.
So, if you are interested in having access to weekly product updates from my suppliers, just sign up for my newsletter below. Please also put in your phone number, if you would like for me to contact you and answer any questions you may have or explain how the dropship system works.