Earning Money By Becoming An Online Reseller

Well, can you believe it as I write this blog post we are part way through Q3 of the year and soon we will be in Q4 which for many sellers is their busiest time of the year,but before you can start to earn those big profits you have to put in some solid foundations. Building a business is like building a house you need to lay the foundations (studying courses) and then putting into action what you have learnt.

Building your business is a lot easier in 2016 than it was ten years ago. We have many tools you can access that us the numbers we need to know to make the right buying decision. Some of these tools work on our smart phones so we can use them when we are out and about, others work on our computers. Over the coming weeks and months, we will be looking at these tools in a lot more detail and how they will help us grow a solid online business.

So how ready are you for Q4? Have you made those plans? Have you started to place those orders for the items you will be selling? If not why not?  

If you have not yet, do not worry there is still time the difference is you will just have to work a bit smarter and harder to make sure you have it all mapped out and ready to roll once we near the end of September.

So a bit of homework – take your business journal and start to map out the type of products you would like to sell and then look for the suppliers you need to contact, then make those calls, send those emails and sign up for those wholesale accounts. Make notes of the Retail Stores you are going to visit to buy those items that you can buy low in the store and sell for a higher price on either eBay or Amazon.

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon Consultant  and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.

July And August Are Great Months For Product Sourcing

Well summer is here once again. Schools will be breaking up over the next few weeks, andEbay, Amazon, Product Sourcing, eBay Consultant, Amazon Consultant people will have their minds fixed on holidays and how to entertain the children over the next six to eight weeks.

But did you also know that July and August are well known for something else………. (Apart from slower sales on eBay and Amazon). Yes July and August are fantastic months for product sourcing. To start with sourcing items online can be a lot cheaper. Why? Well because sales are slower online retailers will often slash their prices right down and for us who resell can take advantage of this and pick up some great bargains that we can buy and and then relist a bit later and make some very nice profits.

But there are also some other great places we can look for bargains that we can pick up for next to nothing.

  • Antique and Collectors Fairs. This niche also suffers badly during the summer, and this allows those who buy and sell in this niche to gather some fantastic items at lower than normal costs.
  • Take a look around those pop up shops that appear around this time of year. If the shop is in the last few days of their appearance in that area, they might discount their goods. Also if the items fall within your niche and you have some spare cash and it is the last day of the pop up shop and the owner has stock left over – ask them if they would be willing to sell their left over items to you for a very low cost. You will be surprised as a lot of these people will just say yes.
  • Try and attend as ,any offline auctions during this time as well, as very often there is a low turn out and the items go for very little money. Also remember you can attend these offline auctions by going online using sites such as i-bidder.
  • Carboot Sales
  • Jumble Sales
  • Craft Markets
  • Craft Fairs
  • School Fates
  • Church Fates
  • ETC, ETC

I hope the above has started the thought process and just write down all of those places you can go and source items. And once you have sourced you buy and then you need to list those items and then rinse and repeat.

Remember in all of this you are sourcing items for a low cost and reselling for a higher cost.

Happy Sourcing

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon Consultant  and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.

 

Looking At Trends Will Help You Source Products

If you have been selling products for any length of time or even just interested in selling and sourcing products you will have heard or seen articles and programs that talk about trends. Now trends happen in all areas of our lives – in fact, every product we see and eat will have been affected by trends.

As resellers, we can use trends to help us spot if a product is going to be a winner or not. But more important we can use trend graphs to show us where we are on trend, are we at the very start, in the middle, at the top or are we on the way down. Now this short article will not go into detail about reading a graph, I am planning on doing a video on this as it will make it easier to understand.

One of the important things when reading, or looking at a trend graph is to see the big picture. How often have you heard a youngster saying how cool this new product is only to be told by a much older person we had something similar back when they were young. There are many times when a product come back into fashion after being off the radar for decades.

As an example look at the humble vinyl record. Back in the 1960’s the humble vinyl record was flying off the shelf, but over time the cassette tape came out followed by the CD. But now in 2016 the vinyl record is coming back into fashion and is trending. So if you are selling in the music niche maybe take a look at vinyl record niche.

So let’s bring this down to grass roots and how we can use trends in our Amazon and eBay business. There are some free tools and some paid for resources. The free ones are great and very useful and when you are making money you can swap to some of the paid for versions.

Ebay Resources

Completed Listings – This is a short term look at products, so not really trends, but shows if a product is selling and has sold in the past. (Free)

http://datalabs.ebay.com/popular.html – This shows us a lot of data – Products Sold, Watched, and viewed. The site works in UK, .com and .de . (Free)

Terapeak – This a fantastic tool, and I have personally been using it for years. It is a paid for tool, but if you are serious about eBay selling then take a look

Amazon Resources

Keepa and CamelCamelCamel – These again are free for the basic editions and to be honest they will do you. Both these sit within your Amazon page, so when you are looking for a product they will show up and you can see historical data for price and sales rank, and these will show you past trends on a product so you can make a buying choice based on what has happened over the past months.

Of course, there are many other programs and software applications that will help you grow your online business. And we will look at these over coming weeks and months.

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon Consultant  and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.

 

 

Do Toys Sell All Year Round On Amazon?

One of the top questions as an Amazon Consultant I am asked is “Do toys sell all year round on Amazon? Basically, the answer is a big yes they do. I mean children have birthdays, Christenings, Dedications, Well done in exams, and also believe it or not people just like to buy their children a toy, just because they love them. So yes toys do sell all year round on Amazon.

As one would guess we get to see a growing trend as we approach Q4 and this peaks in and around December, and you will then see the large spike start to trial off the end of December and start of January.

But did you know you can make a very nice profit selling used / secondhand toys – these are often called collectable on Amazon.  Over the years I have been selling on Amazon and eBay I love to source used toys as they are often very cheap and often free of charge. They are in plentiful supply, and parents and grandparents welcome you with open arms as you are helping them declutter their homes and make room for new toys and games.

Again having done this for over 15 years I have found this sourcing and reselling can be done throughout the year, but there does seem to be a trend early December and just after the Christmas period. I have put this down to parents clearing out before Christmas to make room for the new toys to come into the home and the after Christmas spike is people getting rid of old toys and even some brand new items that were not a hit or a duplicate present was bought.

So where do you find these used toys?

Well, in fact, they are all around you. After you have decluttered your own home you can –

  • Ask family and friends if they have unwanted toys and games in their home, of course, you offer to buy them, but very often you find people just hand them to you.
  • Put up postcards in local shops and community boards
  • Run adverts in CraigsList, GumTree, FaceBook Buy and Sell Groups, Community Papers, Church Magazine, Flyers through letterboxes and of course word of mouth.
  • Estate Sales, Garage Sales, Carboot Sales (UK), Church Sales, Jumble Sales
  • Neighbours

Now, of course, the items you sell on Amazon need to be in very good condition and no pieces missing. Due to the format of buying using games, you will have games with pieces missing. Now you can either just through them away, or you can keep them and hope to have another game soon that is missing a part but you can mix and match the parts to finish up with a complete game.

But what I will often do is to break down the game and sell the bits on eBay and you can make a nice little side income selling parts of games. If you do not believe me pop along to eBay and do a search for Monopoly spare parts. You will be amazed.

So what are you waiting for, look around your home find all those toys and board games that are no longer being used and those of them that are in good condition list on Amazon, and then watch the profits start to come in.

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon Consultant  and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.

 

What’s Selling On eBay Right Now?

As an eBay seller have you ever wondered what was selling on eBay right now? Yes you can buy Terapeak and to be honest if you are serious about selling on eBay this is a must have tool. But for the new sellers, this is not always possible due to the costs of Terapeak.

So is there another way? Yes, eBay has a great site called Datalabs where it tests out programs and pages that we can use to help build our eBay business to the next level.

The page I am talking about today is  http://datalabs.ebay.com/trending.html#/gb/index

This page updates itself every sixty minutes and you can set it to either selling items or watched the choice is all yours.

This is a very simple but powerful tool and it has helped me over the past few weeks find some cool items that I was able to buy and make some money on. But also it has helped me research ideas for bundles, and also ideas for Private Label (PL) items.

But with all things you need to think outside the box. Yes it tells us the fast selling items on eBay, but remember other people will have seen the data as well, so think big and think outside of that box.

Also you need to take action, the longer you leave taking action on a product the more chance you have for others beating you to the market. I can tell you over the years the number of times I have delayed taking action on an item. Yes at times it worked in my favour, but other times I lost out.

So why not go take a look and see what’s selling on eBay and then take action by buying some stock.

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon Consultant  and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.

 

How Are Your Plans Going For Your Ecommerce Business?

So, how are your plans going for your eCommerce business?  The reason why I am asking you this question right now is because we are half way through the month of may and very soon we will be entering into June – Yes half way through 2016. How scary is that?

And then the clock is ticking away until that mad selling season of October, November, December. Or more commonly know to sellers around the world as Q4. For some sellers ,they can make as much money in those 12 weeks as they do all throughout the year. But it does come with some challenges –

  • Enough Stock,
  • Forward Planning And Thinking,
  • All The Dots Joined Together
  • Enough Help To Get Stock Prepped And Sent In
  • And Other Things…………………………….

So when do you need to get the ball rolling?  The basic answer is, as soon as possible.

For now, I would suggest :

  • You attend Trade Shows,
  • Look online for wholesalers,
  • Open accounts with wholesalers

Then do your research so that when you get to September you are ready to get those orders placed, prepped and sent into Amazon, ready for that crazy buying period. Also, I would be talking to some smaller suppliers and wholesalers asking about getting exclusive deals. (I will be doing some posts about exclusive deals and how to get them and how profitable an exclusive deal can be)

Help this helps, any question please ask.

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon Consultant  and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.

Secondhand Books Can Make You Serious Money In 2016


I guess that you have seen and heard that secondhand books can make you serious moneyBooks Make Cash, Amazon Reseller, Re-seller, secondhand books on Amazon but this is 2016 and you think you have missed out on the opportunity. Well take that sad look off your face as I have some great news. You have not missed out at all. The opportunity is still here and is still wide open and in some ways due to SmartPhones ad Apps the sourcing has become a lot better, and few mistakes are made. But before we get into the meat of the article of selling books and other media I am going to be very open and honest with you. This income stream will take time, it will take work, it will mean that your hands get a bit dirty, but the rewards are very much worth it. I love this income stream and have been using it many years and will continue using it for many years to come.

The types of media that I sell and find profitable are :

  • Books – Hard Back and Paper Back and mostly Non-Fiction
  • DvD’s both new and old ones – Films, Music. How To, Documentary
  • Video – Yes video is still bought and can be profitable
  • Computer Games – Both PC and Console based. Some of the older PC games sell for good money
  • Talking books – on Tape and CD
  • CD’s – Again these are big sellers
  • Blank Media – CD’s, DVD, Video, Data, Reel to Rell (Yes serious)

Over the coming weeks we will keep coming back to this topic and look at each of the different subcategories and talk about sourcing and selling, but for today I want to stay with books. I believe if you are brand new or have been selling on Amazon a good number of years you should add books to the list of products you sell. Why? Books mean cash in your bank account.

So where do you source books to resell on Amazon?

A good question, but all it takes is a bit of effort and by simply looking around you, books are everywhere. Look in any Charity shop and there are hundreds of books on the shelves and take a peek in their back room and there will be hundreds if not thousands of books just waiting to be put out on shelves when there is space. And sadly a lot will just end op in a skip. So apart from Charity shops where else can you source secondhand books from?

  • Jumble Sales
  • Estate Sales
  • Car Boot Sales
  • Craigslist Adverts
  • Gumtree Adverts
  • eBay
  • Charity Shops
  • Talking with people
  • Adverts on Notice Boards
  • School fates
  • Universities
  • Family
  • Friends

So what type of secondhand book should you source?

I would suggest you start with non-fiction books as these are good sellers and normally hold their resell price. Some fiction is good to sell as well but would suggest you try and stay away from the mass produced types of fiction.

Always look for books that are in good to like new condition. Again some old and falling apart books can sell high, but in early days go for books that look good, have little or no markings n there and do not smell or look dirty

How much should one pay? Again this is like how long is a piece of string, but in simple terms as cheap as possible. In normal terms I look at buying books between 25p and £1.00 at the top of the range. Sometimes you will pay more, if it is in great condition and has good ranking and a high selling price. But again try and buy well below £1.00 per book.

When selling books or other media we also look at quantity the more you buy, the more you list, the more you send into Amazon the more you will sell. Yes this is a numbers game.

So let me set you a little challenge in closing this part of the article – set yourself a goal of sourcing, listing and sending in 100 books every week. If you do this on a regular basis you will soon see consistent and regular sales happening and a healthy bank balance.

100 books a week at say 50p each is £50.00 in stock a week and say the average profit after all fees is £5.00 and you sell on average 10 books a day you are making £350.00 a week pure profit. Even if you say it is just £2.50 profit per book and you are selling just 10 a day that is £175.00 a week pure profit.

Whatever way you look at this model it is very profitable, yes hard work to start but as mentioned the rewards are well worth it. So take up the challenge source and list 100 books a week and see what a difference it makes to your business.

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon Consultant  and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.

Is It Safe To Buy Products From China To Resell?

A common question I get asked when covering Product Sourcing is it safe to buy products from China to resell on sites  such as eBay and Amazon and other sites including your own. Some ways I love to hear people thinking outside the box but other items I hesitate as in my heart I know it works, but the timing is not right for that person. As with any product sourcing ventures you need to ask questions and do your research. Research and questions are the key when you source products from countries such as China and India.

One of the big No’s when sourcing from overseas countries is do not touch brand named items. Sadly on sites such as Aliexpress and Alibaba you key in leading brand name items and right before your eyes hundreds and at time thousands of products pop up before your eyes – The sad thing is most of these will be copies or fake items – if you buy these not only could you lose your money, you lose the stock and could even land yourself in trouble with Customs and could lose your Amazon Account. So please do not source Brand name items.

Another thing you need to check is that there is no design pattern being broken on items you are thinking of sourcing now this is harder to do, but if the item looks very similar to a brand name item then ask questions and do a bit more digging/

By now you are most likely thinking I am scared to source from China, but please do not be. I wanted to paint a dark picture of what can happen if you are not careful – but look on the bright side of things the same thing can happen if you are not careful sourcing items from the USA or UK.

  • To make it simple it is better to start on Aliexpress. The layout of the site is like eBay – you have feedback, can see number of sales per items and percentages of sales etc. If you stick to the top sellers then you are will be ok.
  • Also with Aliexpress you pay Aliexpress direct thus your money is covered if the products do not arrive, are no as described are faulty etc.
  • You can buy just one item to test it – and delivery is very often free, so testing different companies is very cost effective. When buying samples I would always buy at least three. One to test, one for friends to test and one or two to take pictures with and do some test sales as long as the initial tests are all good

I have been product sourcing from China for many years across many different niches, categories and products and have never had any serious issues with any of the companies. You find the people you deal with – often girls with cute sounding names speak perfect English and write perfect English. They will talk over Skype and answer all your questions and concerns and help you through any shipping issues you may have.

So if you are looking to diversify your product range why not spend some time and look on Aliexpress and later Alibaba when you want larger amounts, and see what you can find.

The main thing is as with any product sourcing is take time, do your research and if it looks too good to be true – it most likely is. So next week block out some time and go and do some product sourcing on Aliexpress and see what you can find. Happy Product Sourcing.

Products To Resell Are Really Out There

Well can you believe it, January is almost gone and before you know it it will be February2 then March. And in those two months we have three large and profitable buying periods, any guesses to what they are?  Well let me tell you…………………

  • Valentines Day
  • Mother’s Day (UK)
  • Easter

I know what your thinking to yourself no way can it be Easter so soon we have only just got over Christmas, but I am afraid it is. And before you know it, it will be Summer. A scary thought and when you work in retail the months seem to fly by even faster as we are always working several months ahead so we can source, buy and send into Amazon ready for the start of the buying season.

A very common question I hear all the time is, but where do we find the products to buy to resell. Honestly these items are all around you. Walk into any shop in the UK (or world) and right there in front of you is the potential to make some money, we just need to scan the items with our phone and see what the app tells us.

Apps such as ScanPower, Amazon Sellers App and Profit Bandit are some of the best, right in front of our eyes we can see if the item we have scanned has the potential to make us some money on Amazon. Sometimes the answer is yes and other times the answer is no. When it is a no we can either put the item back on the shelf, or we can think to ourselves could we put this item into a bundle and still make money.

Bundles are a great way and very profitable way to make good money. They also help you stand out from the crowd and make your bundle listing unique. Over the coming weeks we will be looking at bundles and how by adding them to your business model you can take your business to the next level.

But before we can move into bundles you need to understand that there are millions of items out there in regular stores offline and online that have the potential to make us money day in and day out. As a reseller we need to be prepared to take action, go out or go online each day and spend some time finding those items.

If we are prepared to do this on a regular basis very soon you will breakout of the mindset of not being able to find items to sell to finding items jumping out that are saying buy me. So to start the ball rolling you need to just go and take action and start scanning.

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon Consultant  and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.

Why Do You Sell Online?

Have you ever thought why do you sell online?  I know a strange question, but if you take some time out and think long and hard about the real reason why you sell online you will be able to grown your business many times over. The concept I am talking about is knowing your why. Once you have identified your WHY, you will never look back – in all areas of your life.

So today, take yourself off to a quiet spot, with a pad and pen, yes a real; pen and a real pad of paper none of this tablet or phone apps for now, later on you can upload the information, but there is something that happens when you think and write – if you have not tried it give it a go please and you will see what I mean.

And now spend some time and write out

  • Why are you doing this business?
  • Why are you selling online?
  • Why are you selling on Amazon or ebay or Etsy?
  • Why do you sell in the categories you have chosen?
  • Why do you not sell in other categories – is it fear of the unknown?

Answer the questions truthfully and honestly as the answers you give will help you grow your business many time over.

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon Consultant  and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.