Auction sites are a great way to make some extra money online.
You can use sites like eBay to de-clutter your house, get rid of unwanted presents and make money at the same time, but when it comes to buying stock to re-sell, then it can be a difficult choice. You want to make sure your stock sells and that it sells at a profit, so here’s some things to think about before you start buying.
You don’t want to sell items that have absolutely no interest for you whatsoever. That’s no fun. When it comes to buyers asking questions and advice, you really won’t want to reply which will result in fewer sales. When you create your listings you want them to be powerful, exciting and motivating. Trying to do this when the passion isn’t there is hard and it will show to your buyers, so make sure you sell something that you’d want to buy yourself.
Once you’ve made your decision on what to sell, if possible, try it out first. Don’t buy a large amount of stock until you’re absolutely certain that you can sell it and make a profit. If possible buy small quantities and see how much interest your listings create. With this information you’ll be better equipped to decide if it’s something you want to invest in.
You may have found something that you love and that sells well, but if it’s huge and comes with giant shipping costs, then it’s not going to be a great seller for long. Look at what storage facilities you have, find out what the shipping costs are and then evaluate if it’s the right choice.
The last thing to consider is can you continue to get stock?
If you want to build up a good customer base and do repeat business, then it’s vital that you can be relied upon to hold stock.