Sourcing Stock for your eBay Business
Probably the most crucial step in building an auction business on eBay is sourcing stock. You need a good source of reasonably priced items, that are popular on eBay. This is not as difficult as it sounds, there are many ways to source stock to sell on eBay.
The most important thing to remember is that no matter what you decide to sell the profit margin must be large enough to make your effort worthwhile. There is no point setting up your business, having to list items, package and post them if you will only make a 50p profit on each item - that is unless you are able to sell thousands of items a month and have they are extremely quick to pack.
Discover how to find stock at super-low prices
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Where to find stock
There are many ways to source stock to sell on eBay and what you choose depends on the type of business you are looking to develop and your own personal interest. Perhaps you are new to eBay and want to start small, in which case take a look at our other ideas, for inspiration. Or if you want to get started without any financial commitment try dropshipping.
However, if you're ready to take the plunge and want to find a good wholesale supplier to get your eBay business off to a big start try Salehoo for a comprehensive directory of wholesale suppliers and dropshippers.
Profit margin
Your profit margin is everything when it comes to making your eBay business a success. Unless you are actually making a profit on each item you sell it doesn't matter how much business you do, you will never make any money.
In order to build a profitable business you need to buy at the lowest price possible, sell at the highest possible price and ensure that your overheads are as low as you can manage.
Wherever you are looking for stock you need to keep the bottom line in mind - be realistic about the selling price you could hope to acheive and remember to account for all eBay selling fees you will have to pay when calculating your profit margin. There is nothing worse than making a sale and then realising that you haven't actually made any money because you miscalculated your own costs.
AUCTION BIZ
ABOUT ME
Hi, I'm Becky, I started my own business on eBay a couple of years ago and it was truly the best thing I've ever done! I now make more money than I could ever have hoped to make in my old job and more importantly I get to work from home and spend more time with my little girl.
I earn a great living now but I sure made plenty of mistakes along the way though! Now I've put together my top advice and tips so maybe you can avoid some of the costly mistakes I made when I was starting out... hope you find the site useful.
