eBay Business All-in-One For Dummies by Marsha Collier

Author:Marsha Collier [Collier, Marsha]
Language: eng
Format: epub, pdf
ISBN: 9781119427704
Publisher: Wiley
Published: 2018-02-05T00:00:00+00:00

Tips for the Modest Investor

If you’re interested in making money in your new eBay venture but you’re starting with limited cash, follow this list of inventory dos and don’ts:

Do start small. Think about the many collectibles that are sitting around your home. Earn your eBay stripes by selling things where it’s safe to make a mistake or two. Consider finding collectibles at garage sales and resale stores as well.

Don’t spend more than you can afford to lose. If you shop at boutiques and expensive department stores, buy things that you like to wear yourself (or give as gifts) in case they don’t sell.

Do try to find something local that’s unavailable nationally. For example, if you live in an out-of-the-way place that has a local specialty, try selling that on eBay.

Don’t go overboard and buy something really cheap just because it’s cheap. Figure out who would want the item first.

Do consider buying in bulk, especially if you know the item sells well or is inexpensive. Chances are good that if you buy a couple and they sell well on eBay, the item will be sold out by the time you try to buy more. If an item is inexpensive (say $.99), I always buy at least five. If no one bids on the item when you hold your auction, you’re only out $5. (Why not check the store’s return policy?)

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