Category Archives: eBay

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.

 

 

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.

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.

Is Sourcing Products From Retail Stores Profitable?

A question I get asked all the time as an eBay and Amazon Consultant “Is sourcing products from retail stores profitable?” The answer I always give is It depends on what you are sourcing, and where you are sourcing and what price you buying the item for. Remember in retail selling either online or offline you make your profit when you buy the item not when you sell the item.

What do I mean, when I say this…….. You make your profit when you buy and not when you sell. Well if you buy your item too high, there will not be the opportunity to flip the product on either Amazon or eBay and make a healthy profit. So you need to buy as cheaply as possible, which will then give you the opportunity to flip on Amazon and eBay for a higher price.

When you source remember, you need to take into account the Amazon or eBay / PayPal fees. Amazon fees as a general rule are 30% and eBay / PayPal are 15% together. Now while the eBay fees may look cheaper and yes they are, you got to ask is that the right place to sell your items. Also remember that you are paying Amazon to store the items for you and then to pick, pack and ship them out to your customers.

So once we have identified products we like the look of and scanned them with an app on our phone if doing offline arbitrage or used extensions on our computer for online arbitrage and we have find a good item we need to work out how many do we buy. To start only buy a few of each item take your money and go wide not deep. You are far better buying many different products than just a large quantity of one or two items. (Once you find good sellers then you can buy larger amounts and then move into wholesale) But for now we will just do the Retail Arbitrage side of the business.

So is sourcing products from retail stores profitable the answer is using the right tools on your phone. buying small quantities of each item the answer is a big yes.

Easy Steps To Help You Get Started.

  • Use an app such as the Amazon Sellers App which is free for iPhone and Android
  • Source from retail stores both online and offline
  • Go for all types of stores not just the large brand name stores. Very often some of the small retail shops have great offers and closeout items
  • Go wide and not deep
  • Look out for offers such as Buy one get one free, three for two, Buy one get one half price, and look out for sales and clearance items.

Just keep those eyes and ears open and you will start to see products all over the place that you can buy to resell.

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.

Taking Your Business Mobile

A few short years ago the thought of taking your Amazon and eBay business mobile would Taking Your Business Mobilehave just been a dream or something you read in a sci-fi magazine. But today on 2015 having that opportunity is no longer a dream. It can happen. But hands in the air (or leave a comment below), how many of you are using the technology we have and truly taking your business mobile?

Or put it another way, when was the last time you listed something while you were outsourcing in a shop.  For me it was Saturday, I had bought a few items in a charity shop and while I was sitting on the bus on the journey home, I opened up the app on my phone. I used ScanPower this time. I scanned the item and then sent it to my list in the cloud. So by the time I got home, there was the list ready for me to print labels and send into Amazon right there on my desk top.

Also I use the eBay App and I have taken pictures with my iPad and there in the app I list the item. Yes the first few times it does take a bit of getting used to how the app works but once you have listed a half dozen items you will speed through the listings. Now I am going to be very honest here, although I like the iPad eBay App, I would not like to use it to do a major listing session as I find the process too slow, but to list a few items on the fly, no problem.

It seems each week that goes past we see new apps appearing for our smart phones and computers, some are just fun ones, while there are a few that if used in the correct fashion will make the life of the mobile reseller so much easier.  They do really give you that flexibility to work anywhere in the world, where you have a laptop (or tablet / smart phone) and access to the internet.

On a practical note I use the following :

  • Dropbox
  • Evernote
  • ScanPower
  • Amazon Sellers App
  • eBay App
  • Terapeak
  • Plus a few others

By storing the images in say Dropbox or Evernote and also your titles, descriptions for items you are listing, all you need do in a spare minutes just open up the laptop and start to list your items.

If you have a favourite App please share it below and help others brace the possibility of taking your business mobile.

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.