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Buying And Reselling On Ebay For A Profit

Most people make money on Ebay by selling their old items or things around the house they don’t need anymore. Others go to live auctions or garage sales every weekend hoping to find hidden treasure like vintage fishing tackle that will fetch a nice price online. Of course the professional sellers have a store or some source where they buy things for wholesale prices and hope to sell them for retail prices on Ebay.

Many of us have another source for our Ebay items. That source is Ebay itself! For years I have checked certain items daily in hopes of finding something listed for too low a price or for “lots” of items that when sold individually will sell for more than as a group. Don’t be mistaken, this is hard work and needs perseverance. Not hard work like digging a ditch, but hard in its own way. Lets examine these two ways of turning a profit.

The first is finding items that have a too low “Buy It Now” price. If you are successful in beating others to purchase it then you will be able to turn around and sell it for what it is correctly worth. This takes a lot of knowledge because you have to get a good feel for what certain items are worth. People who are professional auctioneers or are in the antique business might be very good at this.

You can also find items that are misspelled and thus will go for too low an amount since very few people saw the auction. I have had my handful of items over the years that I know inside and out and have been able to successfully buy and sell for sometimes a very nice profit. I would look search for these items on a daily basis hoping to find something misspelled that few others would see. See this post where I show a misspelling error that cost someone $503,000.00!

The second way of making money is to search for groups or “lots” as they are called. In this scenario you may be able to find someone selling a “lot” of one thing that you can break up and sell individually for more. I have, on numerous occasions found someone selling a large lot of CD’s or DVD’s that are all the same. For example, rather than spend the time to sell their brand new Toby Keith CD of which they have 50 copies in 50 different time consuming auctions, someone may choose to get rid of all 50 at once for a decent price. I, on the other hand, am willing take the time to list them individually and might be able to make a couple of dollars on each one for an overall profit of $100.00.

If you know a niche or item really well on Ebay you may also be able to find something hidden or overlooked in a group of items. In a similar scenario to the last one, someone might have a collection of DVD’s that they no longer need. They might put them up as a group not realizing that one or two of them are collector’s items and worth a lot more than the others. An observant potential buyer may recognize this and be able to make a tidy profit on the deal. This has happened to me as well as I once bought a group of DVD’s in amongst which were 5 DVD’s that were out of print and I resold for over $50.00 each! Ebay can be a good work at home jobs but you will have to work hard at it.

If you want to sell things but you don’t want to have to find or buy an inventory, please look into SMC. They warehouse and ship for you and you get beautiful full color catalogs that you can personalize for your own business if you like. You sell your things on the Internet but you don’t have to worry about shipping them or getting them as they carry the inventory for you. They are a sort of dropshipper and you can find out more for free at their website – SMC.

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  • 1

    […] Scot Wingo wrote an interesting post today onHere’s a quick excerpt […]

    ebay » Buying And Reselling On Ebay For A Profit on October 2nd, 2007
  • 2

    hi , i am interested on making money from ebay , i am settled in egypt , but can i buy stuff and resell it on ebay without it getting delivered to me ?

    Ragy on June 7th, 2008
  • 3

    No Ragy, you have to get it shipped to you first. I don’t know of any other way.

    DayJobNuker on June 7th, 2008
  • 4

    Actually to both of you, there is a way to do this. It is called “Dropshipping”. Do a quick google search of it. Basically what it is is someone who owns a large amount of items puts them on a website. This person then offers you the option of “dropshipping”. What this does is allows you to list their item on ebay using their pictures and their information for the price you want. If someone buys it from you for your asking price, you then go to the dropshipping website and buy it from them for their price. When the dropshipping website asks for an address to ship to, you simply enter the ebayers address who bought it from you. Bam, they ship the item out to them without you worrying about packaging or anything of the sort.

    Sam on August 7th, 2008
  • 5

    Yes Sam but then you won’t be buying it first on Ebay. The title of this post is buying on Ebay and then selling on Ebay. Dropshipping is buying on some other website and selling on Ebay.

    DayJobNuker on August 7th, 2008
  • 6

    Ahh… My mistake then 😛 … Just thought I’d try contributing. Well keep up the good work! I love the site!

    Sam on August 14th, 2008
  • 7

    Hi there!

    Thank you for those great tips! I never thought of searching items of misspelled words in ebay can also be a way. Nice article there! Keep it up!

    Anderson C. on December 29th, 2009