eBay is best known for its consumer to consumer sales. Most of the merchandise sold on eBay is by private sellers who end up selling to other private users.
When you search on eBay you will see that the majority of eBay auctions are for single items, or at best small lots of five or six units.
While the fact is that currently the majority of eBay buyers and sellers are private consumers, there is a growing business to business market on eBay.
Many wholesalers are starting to use eBay to sell wholesale merchandise to resellers.
Wholesalers understand that just as there are people searching for merchandise for their own consumption, there are also individuals who are looking for merchandise for resale purposes.
If you are an eBay seller, flea market vendor, dollar store owner, or even a wholesaler, you should be using eBay to find good wholesale deals on the merchandise that you need.
Did you know that pretty much every category on eBay now has a sub category called wholesale?
This means that if you are an eBay seller of clothing, or a flea market vendor who specializes in clothing, you can now visit the clothing category and click on wholesale. You will then see all of the wholesale deals dealing with that type of merchandise.
At this point you may wonder why everyone doesn't simply buy at wholesale and then resell in individual lots.
Part of the reason is because many eBay sellers do not have the storage capacity, or the money, to buy large lots. If you have the storage capacity, and some extra money to spend, then you should definitely think about buying wholesale lots on eBay and reselling them in smaller lots.
There are times when you can buy a wholesale lot for a low price, take better pictures of it and write a better description, and sell it for up to double the price of what you paid for it.
To be successful at finding wholesale lots on eBay you need to understand the product. Make sure that the product being sold in the wholesale lot still is in demand.
Just because it's not in demand on eBay does not mean that it will not be in demand elsewhere.
Many store owners and flea market vendors will buy wholesale lots on eBay and resell them at a profit in their own stores and flea market booths.
Reasons that will create situations that enable you to buy wholesale merchandise on eBay at a low price, can be because the eBay seller might have just closed his business, a flea market vendor might be moving, or the distributor's merchandise is simply not selling in his area.
You can fully maximize the potential of your business by buying wholesale lots on eBay.
Donny Lowy is the CEO of http://www.closeoutexplosion.com, an online wholesale and closeout business, and http://www.wholesalecloseoutforum.com, an educational resource for the wholesale and closeout business.
1 comment:
Good to know the tips of buying items form eBay as I haven't still done any shopping from there so I was little bit confused to get in to the purchase.
Wholesale Flea Market Goods
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