Yes ebay is and will always be a great source for high profits. You just have to be a smart seller and be able to compete with the powersellers.
Most of the good powersellers buy thier items in bulk. Larger quantities = lower prices + Higher profit Margin. That is why they can sell them for less because they have worked out a deal with thier suppliers to purchase much larger quantities. Those companies know that if they clear out thier stock faster they can bring more in. So they take a small loss on giving the seller a deal on products so they can reap a bigger reward with more product flow through thier warehouses.
You would be suprised how many suppliers we have listed will drop thier prices for bulk orders. You just have to contact them and ask. But always test them out to make sure they live up to thier obligations.
Literally everyone that comes to these forums are looking for hot items they see selling for top dollar. Some examples are. Xbox360's , Ipods , Ps3 Consoles and digital cameras..
What you really need to do is follow trends.But you have to get trend Items quickly, before they become high in demand. For example We have recieved several requests for wholesale suppliers of TMX elmo. After they sold completely out for thier original prices.
They have been selling very well on ebay.
If these people had though about this before they got to be the most popular item out there they would be reaping in heavy profits. This is called trend setting.
You find items through research that can help you locate what items will be hot at a certain time of year.
The people that were comming up with 500 units of the tmx elmo dolls bought them direct from the factory or cleared out the retail stores before the holiday season approached. They sat on the product untill demand ignited and they listed like crazy. So if you purchased 500 tmx elmo dolls at lets say $30 each wholesale from the manufacturer and sold every elmo doll for $99+ you payed $15,000 for the product and after all of them were sold for $49,500 +. You made over $34,500 .. More then a years salary in 2 months, then 75% of americans make in a whole year. Then you take that investment and move into another trend. Lets see the next trend will be in january. Womans lingerie and jewelry will be very hot sellers in January. So a smart seller would invest in buying huge lots of lingerie, Maybe a manaquinne or 2 and spend half of december just taking photos of the items on a manaquinne and getting listings ready for individuall items.
I hate to say this but 90% of new ebayers give up within thier first 2 years of selling online and on ebay because they dont know how to aquire products to sell.. The Most successfull ebayers follow trends and hot items long before they actually start selling. They are the ones that are buying way below wholesale and buying in huge bulk orders.
Yes you can make money selling items 1 by 1. But your not going to make much if you dont invest in larger orders. When I order products to sell on Ebay I always purchase at least 100 units. That way I have alot of product to sell and alot more listings open to bring the bidders to my other auctions.
In febuary I will be launching by biggest campaign on ebay yet. Im hoping to have over 3000 items listed and running in my store by march. All Products I will have on hand in my home. No dropshipping ..
Salehoo offers many listing that offer wholesale prices. And yes folks these are wholesale prices. Anything 20% to 30% below MSRP costs are considered wholesale. But as you will quickly find out that many items if not all items sell on ebay either at wholesale or slightly below wholesale. That is why consumers run to ebay to save money on branded products. You need to find below wholesale products and learn trends to achieve your best. And for that it takes research. And a whole lot of patience.
Research is the key to this business. You cant just jump in and become rich within a few months.
I wish you all the best of luck...
