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auction-4-you

Apologies if this is in the wrong section, but I couldn't see another area that would suit it better.

I thought it would be fun to hear about people's experiences in the wholesale and reselling business. Your best and worst experiences, what products did you sell and so forth.

Ok, I'll get this started.

I bought two pallettes of over stock from Superdrug. To anyone outside the UK, Superdrug is a fairly massive chain selling cheapish body care, cleaning, styling products. They expanded their product range and tried to shift some really random items and it failed miserably. This left them with 2 warehouses full of various items they had to sell off quickly.

So luckily I knew someone whose dad was quite high up in Superdrug. Went along to their warehouses and picked out 2 pallettes. As I was tucking into the stock I soon realized I'd just got the bargain of the century. I paid

jennifer77

i have tons but here is one

late night...watching the Home Shopping Network......see this cute looking toaster thing that looks like a jukebox. Im like wow never seen that b4. it was selling for 69.00 i think i cant recall anyways, they sold out duringt the show.

a month later i go to the HSN outlet guess what they have...the toasters for 9.99. I buy 3 of them put them on ebay for 29.99-the ended up selling for 39-50.00

they all sold. I go back to HSN outlet only 2 left i get them and sell them.

Now im addicted to these little toasters.

Im getting emails everyday from these people asking if i have more. I go back to the store come to find out they have 9 i only have 40.00 on me BOY WAS I KICKING MYSELF IN THE ASS FOR NOT HAVING MY CREDIT CARD ON ME, some old lady scoops them up for 'christmas gifts'

that was the easiest money i have ever made!! and yes to this day i still go and see if they have more lol

jadzia1182

I wish I could find a 'cash cow' like that... or in this case... a 'cash toaster'

I'm really new to all of this, so I'm still waiting for something good to happen. I'm on the verge of making my first auction sale... it's not for much, and it's for 4 pairs of my kid's barely worn jeans, but in the long run... the feedback is what makes it worth it. I'm starting a business with 0 feedback on eBay. So I need to build some credibility up first. Hopefully as my feedback grows, so will my sales. Then maybe I'll have the money to buy bulk and have a good story to share.

mslilly

Well, I have to tell you, the best profit I made on Ebay, I paid $220 for a designer bag and sold it for $650. Just recently!!!!!! 8) :

It can be DONE!! :) :)

And that's not all - I've paid like $6.99 for little childrens outfits and sold them for $40 and $50 each!! That was around Christmas time!! So, if you get the right thing, it will WORK. :) :

saledoc-au

Can you tell us where you bought your products from?

auction-4-you

I dont suppose you thought about contacting the manufacturer of the toasters directly? You could maybe find out if they still make them and order directly from them if they'll deal with you.

I dont know how feasible that is mind

jennifer77

i wish i had the time to do all that. its so much easier to just go to the store sometimes...and 9.99 couldnt be beat. lol

i'll keep it in mind tho, usually they want me to buy tons of it and the $$$ just isnt here yet.

auction-4-you

Yeah, I know what you mean - Its hard to get the finances together for something like that unless you know for sure the sales are there. Obviously you dont want 1000 toasters sitting around your house :

I think there is a really big market for houseware/kitchen items though. Im investing most of my time in researching wholesalers in that section at the moment.

tiny_deal

I used to buy 1 gb Apple iPod Shuffles for $50 and sell them for $85 net which is a 70% return, not too bad...

jennifer77

im stayinw away from ipods (electronics)etc for now...way to many people selling all the same stuff. That friggin toaster was so unique im still kicking myself for not getting more. anyways, i do think there will always be a market for kitchen stuff. shoot i buy crap i dont even need but if its a deal on ebay im on it lol

salehoo_group

Hi Members,

We have setup this blog (link below) where you can share your success stories with everyone!

It would be great if you could comment on any success story you may have had in here as we thought it would be a good place for people to post them so others can see.

If you have a website feel free to include a link to it at the bottom (or your ebay username link) and you should see some traffic come your way as a little bonus on top ;)

Link hidden: Login to view

Let us know what you think?

mslilly

Can you tell us where you bought your products from?

Well, I purchase from here in my town really! The store I shop at is unique ... and well, there are only like 8 around on the East Coast, Penn., VA., Maryland and West VA.

jhscody80

Let us know what you think?

awesome blog salehoo!!!

dowdy

I used to buy 1 gb Apple iPod Shuffles for $50 and sell them for $85 net which is a 70% return, not too bad...

how do you work out the percentage. There a formula for it but i forgot it, can you tell me. It's just for curiosity purposes.

With my ebay selling...

I bought nokia phone charges for $2 they sell on ebay for $10

A couple months ago i bought Nokia 5140 phones for $130, sold them for $220

I bought 2gb ipod nano for $200, sold for $260 and 4gb nano for $275, sold for $330

I'll be interesting to see the percentage of profit which is why i ask

direct-consumer

I've had alot of luck with designer handbags. I purchased a designer handbag from another online auction for $75.00 and turned around and sold it on ebay for $550.00. Wish every sale could go that way! :

mslilly

Wow, that's great! Way to go! :

johnnyfever

Hi there everyone,

I just thought i'd share a little luck i've had. I bought a bunch of blaster boxes of Upper Deck Series 1 hockey cards for $24.95 + tx (cdn) and sold them on eBay for between $30-$80 (usd) per box. It was good for a bit and then there were too many people selling them. Fortunately I had already sold all mine. Now with Series 2 out it doesn't look as promising. Not as big an interest in that series on there.

Have a good one all and good luck!

John

gohogsar

how do you work out the percentage. There a formula for it but i forgot it, can you tell me. It's just for curiosity purposes.
With my ebay selling...
I bought nokia phone charges for $2 they sell on ebay for $10
A couple months ago i bought Nokia 5140 phones for $130, sold them for $220
I bought 2gb ipod nano for $200, sold for $260 and 4gb nano for $275, sold for $330
I'll be interesting to see the percentage of profit which is why i ask

The formula is:

(Sale Price - Cost) / Cost

Here are your numbers:

Phone chargers = 400% profit

Nokia 5140 = 69% profit

2gb Nano = 30% profit

4gb Nano = 20% profit

This of course doesn't include any eBay or PayPal fees.

tomaingeroy

Hey,

Probably not in the same league as you guys, but my first experience as a importer/seller, I made 300-400% mark up on the items I was selling!

I am still making these margins now on an accessory I am selling.

Cheers,

Tom

wallys

Dear Ms Lilly, I am new to this site and I have not sold anything yet. However, my area of interest is in Designer bags and accessories. Could you please tell me what site sells the real aurhentic designer bags etc.

Thanks

Addie

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