eBay licensed merchandise sales have grown during the past five years. It is safe to say that licensed merchandise auctions have been one of the fastest growing segments on eBay.
Licensed merchandise has a broad appeal among customers of all ages.
eBay bidders are willing to pay a higher price for brand name merchandise because of the popularity of a name, and because of the expected higher quality that brand name merchandise has.
You can build a successful eBay business by running auctions for licensed merchandise.
In order to be successful in auctioning licensed merchandise you should follow certain key steps.
Step #1
Make sure that the licensed merchandise you buy is legitimate. With the mass production of knock off merchandise you need to be exceptionally careful that you are buying the real thing.
Step #2
Shop for the best wholesale source of licensed merchandise. Many wholesalers offer licensed merchandise, but their prices can vary widely. Take a look at www.wholesalequest.com to search for sources.
Step #3
Have a proof of purchase. If eBay requests proof that the merchandise is legitimate be ready to email or fax a copy of your receipt.
Step #4
Licensed merchandise will appeal differently based on demographic groups, the same way one age group loves one brand that another age group could live without.
Describe your licensed merchandise in your eBay auctions according to the demographic group you are selling to.
You should also stay on top of brand popularity. By knowing which brands are popular you will be able to offer the brands that can sell well on eBay.
Remember, just because a brand might not be popular in your area, does not meant that it will not be popular on eBay, since eBay reaches millions of customers on an international scale.
Donny Lowy operates the following wholesale sites:
http://www.closeoutexplosion.com
http://www.wholesalequest.com
http://www.wholesalecloseoutforum.com
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