Possibility of Making a Good Profit When Selling on eBay

Hi everyone,

I've just started trying to take my Ebay sales to the next level. I've gotten all the legal documents and have already applied to a few distributors in the video gaming and toys niche. So far from what I've looked into there doesn't seem to be any room for profit. Considering most of the wholesale pricing I've come across is only a few bucks less than retail, also Ebays 10% fees, & the shipping cost to get the items from the wholesaler, most of the time my calculations tell me I'd be losing money.

I've made good cash selling stuff laying around my house, and buying from thrift stores. It seems like trying to buy wholesale products to sell on Ebay for a profit isn't possible. Maybe I'm looking for the wrong products? I would love to sell video games and toys because these are things I care for and know about.

It seems like every distributor I've shopped around with doesn't consider people who strictly sell on Ebay.

Any advice on where I should start? Should I find another niche? Is all wholesale pricing only a few bucks cheaper than retail? Is it possible to make good profit buying wholesale products and selling them on Ebay?

Sorry for the long post everyone, I'm just really new to this. I'd appreciate any tips/advice you guys have for me.

Hi. We are a new supplier on SaleHoo and our wholesale / dropshipper rates would be profitable for you on Ebay. We're not in the category you are most interested in however. I do have a suggestion for you. You will not make a lot of money with drop ship because you are not taking any risk. You are basically getting a paid commission to make a sale. You should plan to make a 6 - 10% profit for yourself on a dropship deal. Here's the suggestion...Since you have a category that you like and that you will know well, find a product that sells in quantity and find a similar product that you can buy in bulk inexpensively and that you can brand with your own brand. Sell directly against that product that sells well and take market share from them with your product. This strategy works, but it takes a few years to work yourself into it. Anyway, I hope that this helps and if you'd like to sell our products on Ebay, we will gladly drop shop for you while you're getting yourself started.

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Hi Yeshua and welcome to the forum

"Is it possible to make a good profit selling strictly on eBay?"

That's a really open ended question that hard to give a qualified answer to, I mean what do you consider a good profit?

What I can tell you is that you're currently in a very competitive market, the gaming market is HUGE is eBay. So you are going to be going up against some big sellers with some deep pockets, giving them serious buying power. Anyone can make money on eBay, but there is an old saying "money makes money" and it's never truer then in this instance.

If you have the cash to buy games from distributors in the volume needed to be at the pointy end of the pack, then you can play with the big sellers. If you can't, then it will always be a struggle to compete. That's not just in the games market, that's pretty much across the park.

I think the big hint here is making good money from selling things from around the house and from thrift stores. OK, so you're going to run out of things around the house to sell sooner or later, but there is no shortage of thrift stores, so you have an endless supply chain of products to choose from.

Add in yard sales, weekend markets, auctions and so on, all of a sudden you have a massive supply chain of products. Take what you've learnt from previous products you've sold, learn from the new products you sell and you're on the way to having a successful online sales business!

We all want to sell what we're passionate about because that's fun, we can all get enthusiastic about it, but it's not always feasible unfortunately, at least now if we want to make money. It's a business, always keep that at the front of mind, so you have to base your decisions on business, not on personal preference if you want to carve out a success in this market.

;)

Hi Mark

Thanks for the advice and for getting back to me so quickly. I'll start going to yard sales and auctions like you mentioned. I will also keep searching for reasonably priced wholesalers in different types of items. I'm hoping to start small and test the waters with wholesalers instead of dishing out a big chunk of cash.

Anyways thanks again for the response I appreciate it.

A quick tip when you are doing yard sales, see if you can put a few pieces of interest together before purchasing individual items. That way you can make a bundled offer on the whole lot and end up saving some cash. It's always worked for me, you might be very surprised at how much you can save by buying a few items, over just one or two.

The secret to yard sales is to understand the sellers mentality and 9 times out of ten, they just want everything gone. The last thing they want is to have to spend all day trying to sell stuff, only to have to pack it away again at the end of it.

So make that work for you and you can do REALLY well for yourself!

hey Mark

Awesome that sounds good I'll definitely start bundling stuff together. Thanks again Mark I really appreciate you taking the time to give me some tips.

Anytime Yeshua, good luck with it

Cheers

Hi Yeshua
In my opinion,searching some special products
and order in bulks is the key to make profits.
You've talked about toys in the post.
Since Banggood is famous for the toys and drone products,
I think we may draw your attention.

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