Justin C. for PowerSellerKing:
As usual, auction giant, eBay is growing, and many Power Sellers are raking in the cash by buying cheap, and raising prices just a bit. So how do you get in on the game and start making some extra income? I was reading an article the other day, about a kid that started a business when he was 16, and now, at 24, is making some serious money, all on electronics. Taking some of the described techniques, a little common sense, and a bit of buyer's behavior, I came up with these tips when selling electronics on eBay.
1. In general, you are going to want good buyer feedback, and a wide variety of products to keep buyers coming back, and them referring you to other potential buyers. Yes, many of your buyers are going to find you by searching for the product, but there is nothing quite like being able to see a few buyers coming back every now and then for gifts, general purchases, and needed electronics. So keep your rating good, and offer a wide variety of products.
2. So what products are people looking for? This covers electronics, so I will deal with that. In general, CD players, DVD/VCR players, new still-in-package computer parts such as hard drives, video cards, and storage devices, new digital cameras, high-end headphones, just about anything that is in demand. Used electronics can make buyers wary, therefore, you should always try to get new.
3. Buy bulk, this cuts costs, and if you can find a bulk amount of electronics for sale, you can beat competition with ease (explained in next section). Places like TigerDirect.com, and other online electronic stores that sell cheap and you can buy in bulk. If they offer a bulk discount, you go with that too.
4. So why bulk? As mentioned, it beats the competition. If you buy (10) 512MB Secure Digital (SD) cards at $20 a piece, you can sell them for $25-30 advertised as new, not used, depending on other prices and make a $50 profit. So buy cheap, and selling for a smaller profit with greater supplies can really pay out in the long-run if you do it carefully. Just make sure you check out what is going "hot" on eBay. If used SDs go for $20, but new are going for $40, then you can sell for $30, beat other sellers, and still make a decent profit.
In everything, the most important thing is demand. If you are not selling an item everyone is looking for, you are not going to have good sales. And if you are using a bulk method, the goal is to get it out, so you can bring more in. This is where common sense comes in. You want to buy a bulk shipment of products, so you search for them on eBay, and watch the ones that are listed, especially the ones that are nearly ending. When they end, record how much they sold for. This gives you a decent idea on how much you can make. Then, if they go for an amount that will make you a decent profit, buy the bulk, and list a number of them at a time. Again, it all comes down to demand. If you buy 100 pairs of headphones, but you sell none of them, you will be forced to either lower your price, or try somewhere else; both costing you time and money. Good luck in your selling!
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