It's one of the biggest aspects of your Ebay business: where do you find your inventory? Finding inventory for Ebay is actually not too hard, once you've had some experience in looking for it.
First, you'll need to figure out what you want to sell. Searching for inventory just based on how much of a profit you will make can be a big mistake. If there's an item out there, it's most likely that Ebay sellers have tried to sell it, and if it's very profitable, you'll have lots of competition. The key is to provide them with items that only you can get. Sure, you can sprinkle in some items that people might be able to find elsewhere, but it's those unique items that will really pull in lots of visitors and establish your reputation.
Here are a few places that you can find very unique items that Ebay sellers use:
- Yard sales
- Consignment shops
- Thrift stores
- Craigslist
- Etsy
- Ebay itself
- International websites
- Local artists
Sourcing your products over time will become easier as you learn where to find it and how exactly to deal with the people that you're purchasing from. If I had to give any one single tip for buying inventory though, it's this:
Keep an eye on competitors and their pricing and your profit margin. Profits can slip in an instant if you don't keep a watchful eye!
Competitors can sneak in at a moments notice, so it's absolutely necessary to stay on top of this. To avoid this, keep your inventory fresh and move your products as quick as possible. Avoid relisting again and again, and aim to have your item sell on the first or second try on auction.
Recommended Reading:
Where to Find Inventory for Ebay
Top photo:
By JoeM500 on flickr, licensed under Creative Commons 2.0.
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