It doesn't matter if you're a beginner, intermediate, or advanced eBay seller. All levels of experience must follow three basic product sourcing models to sell on eBay.
The first model is to become an eBay Trading Assistant and sell other people's products. These people can be anyone in your community who have items to sell. Once you sell items for other people, you can charge a commission. Once people know you sell on eBay, you'll have an unlimited stream of products to sell.
Second, you can sell many one of a kind or unique items. For example, maybe you specialize in selling antiques. Every item is unique, and every item needs new pictures and descriptions. If you choose this product sourcing model, there are a few benefits. One of these benefits is that you'll hopefully get to sell to a group of people who can't wait to see what you'll list next. You can really build a following of people naturally and easily. For example, let's say you sold Native American hand-carved figurines. If you had a following of people who collected these, they would be waiting on the edge of their seats to see what you'll list next. There's excitement and anticipation there.
One of the disadvantages of selling one-of-a-kind items is that it is more time consuming than some other methods of listing items. For example, you'll never be able to take advantage of buying multiple quantities. You'll need to become really efficient at listing products, because that's where you can get bogged down. You'll juggle your time between finding the products to sell and actually listing the products that you've found.
The third model is the model that I've found works the best. This model is to buy inventory in bulk quantities. Why do I (and thousands of other successful powersellers) choose this model? Well, it means that you save tons of time in creating the listings. You take the pictures, write the description and title, and then once you're done the one listing, you're done! However many items you have in stock are now available for purchase. No more taking pictures or re-doing the descriptions and titles. You can set it and forget it because you'll get paid multiple times for the work you do once. You make one listing and sell hundreds of that one product. One of the disadvantages to this model is that the competition is strong, and that's because the model is so popular. Yet if you learn the strategies of eBay success, you'll hold your own and make money on eBay.
The first model is to become an eBay Trading Assistant and sell other people's products. These people can be anyone in your community who have items to sell. Once you sell items for other people, you can charge a commission. Once people know you sell on eBay, you'll have an unlimited stream of products to sell.
Second, you can sell many one of a kind or unique items. For example, maybe you specialize in selling antiques. Every item is unique, and every item needs new pictures and descriptions. If you choose this product sourcing model, there are a few benefits. One of these benefits is that you'll hopefully get to sell to a group of people who can't wait to see what you'll list next. You can really build a following of people naturally and easily. For example, let's say you sold Native American hand-carved figurines. If you had a following of people who collected these, they would be waiting on the edge of their seats to see what you'll list next. There's excitement and anticipation there.
One of the disadvantages of selling one-of-a-kind items is that it is more time consuming than some other methods of listing items. For example, you'll never be able to take advantage of buying multiple quantities. You'll need to become really efficient at listing products, because that's where you can get bogged down. You'll juggle your time between finding the products to sell and actually listing the products that you've found.
The third model is the model that I've found works the best. This model is to buy inventory in bulk quantities. Why do I (and thousands of other successful powersellers) choose this model? Well, it means that you save tons of time in creating the listings. You take the pictures, write the description and title, and then once you're done the one listing, you're done! However many items you have in stock are now available for purchase. No more taking pictures or re-doing the descriptions and titles. You can set it and forget it because you'll get paid multiple times for the work you do once. You make one listing and sell hundreds of that one product. One of the disadvantages to this model is that the competition is strong, and that's because the model is so popular. Yet if you learn the strategies of eBay success, you'll hold your own and make money on eBay.
About the Author:
Jesse Holmes is an eBay PowerSeller who has been making money on eBay for more than 3 years. Before you start to sell on eBay, you need to check out his excellent free eBay Business Start Up Kit, showing you step by step how to learn to sell on eBay.
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