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Originally Posted by Allurre07 I assume you must have experience in this field. What kind of profit margins are we talking about? I find it rare to see original copies unless they're old models, and the profit isn't worthy of transaction. | there are different strategies...
1) low profit margin but high volume...a lot of people use this way.
2) High profit margin....but very small ticket item not worth it for some.
3) high profit margin...big ticket items...high volume... <--- this is great but requires a lot of capital
Here is a free give way of a great Niche i personally found through research, " Key Finders" if you search places like alibaba dot com you will find some selling as low as 10-20 cents!!
and you can re-sell them on Egay for close to $4-5 per piece....profit margin? roughly 20+ times ur investment (2000%)
or you can get a bit more expensive models buying at $5-10 range and they are selling on egay right now at $40-50$ range.....
There are currently over 50,000 categories in Egay....so the potential to find profitable niche products is abundant enough to make quite a few people rich here...but you must learn the art of research and sourcing....a few good contacts/agents could also be very helpful.
i recommend using terapeak for egay research...its a very powerful tool but if u dont use it correctly then its useless....
Wish you all the best |