Re: Seriously. What do you guys sell?
Back in 2007, I dropped my Motorala Razr sell phone and cracked the screen. After finding out that Motorola wanted $199 to fix it, I did some research and found a great guide for how to do it myself with parts that could be found for $30 on eBay. I then started to buy broken phones on eBay, buy the parts to repair them on eBay, fix them myself and then resell the phones. This led me to wonder if I could increase my profit margin by buying the parts in bulk. I sourced some suppliers in China and found cell phone parts that sold for $15 to $20 on eBay could be found for $2 to $3 dollars.
This led me to begin importing cell phone parts from China to resell on eBay. I don't mean cases and skin's, more like the aluminum housing, flex cables, LCD screens etc. I was making thousands of dollars a month as a high school student. Life was great! Eventually, more sellers flooded the market and drive profit down to zero. I closed my doors, started college and began pursuing other business ventures.
Fast forward to a few months ago. I was having a problem in my life that was a slight annoyance to my now wife, so I decided to look on eBay to see if they're were any solutions to my problem. I found several items that were absolutely selling like hot cakes, with only a few sellers ordering them. I contacted some suppliers and found they had the same profit margin that cell phone parts had back in the day. I stayed selling them myself now and am making a KILLING again!
As people in this thread have said, nobody is going to tell you exactly what they sell. However, here are some tips for getting started:
1.) Carry around a pad of paper and pen. Throughout your day jot down ideas of things to sell that you use or see others using. Focus on items that are small, inexpensive and things that aren't normally sold at Walmart or other big box retailers. You don't want to compete directly against a company that operates on 3 percent profit margin, trust me!
2.) Research on eBay to see how much the products you brain stormed are selling for. Research suppliers to see how much you could buy similar items for in bulk. Explore similar niches, check out other items that your potential competition is selling... basically just go crazy researching items to sell!
3.) Learn ebay policies inside and out. Don't sell ⊗⊗⊗⊗ items, they will only lead to problems. Find a niche to dominate and create a brand for yourself to help you stand out from competition.
Good luck!
Last edited by fastfire667; 04-28-2014 at 11:25 AM.
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