Strategies for buying in the Real World
There are two buying routes that one can take that leads to the road to re-selling. This section will talk about buying items in the real world. By real world we mean items that can can be seen and touched in person rather than purchased online based on a description.
Of course one can buy an item at a retail store for example and re-sell it on eBay. This strategy would work well on hot items such as a Nintendo Wii or hard-to-find items such as a chase piece to an action figure set. Also, it may be a good idea to scout out the clearance sections of different stores mainly because purchasing items on these racks are a lower risk/possible higher reward type of bargain. Chances are though, outside of these scenerios it won't make much of a profit due to the fact that the item being purchased at the retail store is more likely being purchased at regular price.
A different and more practical approach to buying the real world can be achieved by going to various garage sales. According to Suzanne Arant-Wells, an eBay Powerseller as well as an eBay consultant, although garage sales vary in items they are more than likely to be easier on the pocket than the retail store strategy.
She notes that timing is an important factor for this strategy. Garage sales should be searched for on places like craigslist (A Friday sale will usually make a post on Tuesday) and local newspapers. It is equally important to arrive as early as possible in order to get a better selection. The biggest difference from buying at department stores though is the ability to bargain. Retailers are looking to make a profit, whereas most people holding garage sales are looking to get rid of "junk" for a meager price. Although items at garage sales can be completely random, the potential reward more times than not can outweigh the risk.
(http://ezinearticles.com/?How-to-Find-Items-to-Sell-on-Ebay-at-Garage-Sales&id=654755)
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2 comments:
Don't they say one man's junk is another man's treasure? I think its important for people to know the difference between buying something in the store vs buying something online. I think you should definitely make people aware of what they're in for by buying something on ebay. What you see isn't always what you get on ebay and thats what sucks the most. Where as when you buy something in the store you can hold it and inspect it before you buy it. I only bring this up because I noticed you were getting into the part about sellers making a profit without scamming people. But if they aren't selling what they advertise on ebay its still a scam isn't it?
Thanks for referencing my article! I think garage-sale-ing is just in the blood. Many don't care for it. But for those that are addicted, the finds can bring good profits on eBay.
Visit my website eBay Selling Coach for more information on how to make money selling on eBay.
Regards-
Suzanne Wells
The eBay Coach
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