Product Sourcing For Ebay: 3 Steps To Make A Living On Ebay
Have you ever cleaned out your old stuff and then put them up on Ebay for sale? For many people, this is their first experience making some money using Ebay. Some of them move on to continuously look for new products to sell on Ebay. By product sourcing for Ebay, they are able to make a good living. They take these three steps to setting up their Ebay selling business.
1. They Find Out What's Hot on Ebay
They look for the best items to sell on Ebay. There are several ways to do this. One way is to use a report called Ebay Pulse, which lists the top products people buy on Ebay. It is free and published by Ebay itself. There are similar reports published by other companies, e.g. Shopping.com's Top Searches report. Many of the items listed are remarkably similar, even though the sales are taking place from different companies.
Once they have a list of what's hot on Ebay, they look at the closed auctions and note down the prices of the sold items.
2. They Look For Wholesale Dropship Supply Partners
The next step is to start product sourcing for Ebay. They look for wholesale dropship supply companies who have stocks of their shortlisted items, and compare the wholesale price against the closed auctions prices. This narrows down what they will sell.
Not all wholesalers for Ebay sellers are equal. They eliminate companies which don't do shipping and handling, and they compare the wholesale prices and commissions offered by different companies.
How do they find all these dropshipping companies? They look for listings of wholesale dropshipping companies. Some listings are paid, and some are free. Wholesaling and dropshipping is a big business, and there are companies which specialize in keeping up-to-date lists of trustworthy and reliable vendors. The price and quality of information on paid directories varies, but are generally better than the free directories/listings.
3. They Diversify Their Business
Everyone starts out with just one product. But once they become familar with selling this product on Ebay, they start coming up against some limitations. Some products like Christmas toys are seasonal and have predictable sales cycles, while others are harder to predict.
Successful Ebay sellers diversify both their products and their dropship vendors. With the right portfolio of products and vendors, their business is remarkably resilient against economic shock. They earn very consistent income.
Many people make a successful living on Ebay. Some people hire people to make products which they sell on Ebay. But there is an easier way to get products for sale continuously - product sourcing for Ebay. Anyone can do it, as long as they are persistent.
