This essay sheds light on how to make money as a reseller on eBay and also elucidates the utmost effective strategies for earning sales revenue as a reseller on eBay. Moreover, how to make money in order to afford to fiance inventory needs without un... Read more

This essay sheds light on how to make money as a reseller on eBay and also elucidates the utmost effective strategies for earning sales revenue as a reseller on eBay. Moreover, how to make money in order to afford to fiance inventory needs without undergoing debt financing is delineated in this essay. There are ample ways that resellers can make money on eBay that go beyond procuring products from wholesalers and subsequently reselling them for high mark ups. First and foremost, in order to minimize the carrying costs of inventory, resellers can leverage drop shippers to not only fulfill their customer's orders, but to also preempt ever having to themselves carry any inventory. By leveraging drop shippers in order to fulfill orders, the reseller will never need to carry inventory and can work with their drop shippers to ensure that the items ordered are directly shipped by the drop shipper to their customers. The accessibility to drop shipper can allow a reseller to begin outsourcing the order fulfillment aspect of their business while just focusing on the marketing facet of their business in order to drive more traffic to their e-commerce eBay store. This means that the eBay store owner does not have to store any inventory and can earmark far more time into marketing their products in order to maximize sales revenue. Resellers who do not want to leverage drop shippers, have absolutely no concerns about the carrying costs of inventory, and would prefer to store their own inventory, can search for severely underpriced items via estate sales, garage sales, and storage unit auctions. If they stumble upon products that they presume are severely underpriced then they can check the prices of sold listings via eBay for the items they plan on procuring. Moreover, they can subsequently haggle the prices for the product down to the utmost lowest possible prices so that they can maximize their profit margins when they resell the products in their eBay store. The reseller will have more negotiating power than the estate salesmen or garage sellers who are looking to liquidate their inventory in-person in an expeditious manner at a possible loss. These estate salesmen and garage sellers who are unwilling to undergo the hassle of selling the products online for top dollar on a global second hand marketplace, such as eBay or Amazon, are eager to liquidate their inventory quickly even if they reap minimal seller surplus from the sales transactions. The eBay reseller should also attend storage unit auctions and take advantage of the lucrative opportunity to buy items for pennies on the dollar when the opportunity presents itself. It is unlikely that they will stumble upon fierce competition from other eBay resellers at these storage unit auctions since they are not bidding against a global market of resellers, but rather only against locals who may not always be resellers. Another options resellers can exhaust is to scour local thrift shops, such as Goodwill, for the prospect of finding eminently underpriced items. Once they found items they believe to be underpriced then the reseller can subsequently check the sold listings on eBay to ascertain if buying said product to resell will yield them a high profit. They can haggle down the prices on used items and subsequently sell these underpriced items for their lofty second hand market premium prices via eBay in order to elicit a lofty profit. Resellers should also focus on selling smaller items that bear high markups so that they can minimize their shipping costs and maximize their profits earned on product sales. Larger items, such as furniture and televisions, procured from estate sales, garage sales, and storage unit auctions can be expensive and cumbersome to transport. Moreover, the e-commerce reseller may feel compelled to sell them in-person to local buyers via FaceBook Marketplace or Craigslist since the exorbitant shipping cost can render them almost cost prohibitive to sell online. Less