Buying and Selling on Ebay and Amazon

United States
September 1, 2012 1:15pm CST
Hi Mylotters! I've seen businesses that involve buying low and selling high on Ebay and Amazon. However, what was the process behind this? Is this buying low in real life and selling it higher online? It doesn't seem easy unless you have a niche on the products. What are some products that are considered high in demand?
2 responses
6 Sep 12
There are a few ways to buy stock to sell on eBay. The most obvious way is buying wholesale. I haven't done much with this method yet, as funds are limited. Another way is to scour the Wholesale and Job Lots section of eBay, looking for lots you can divide into single items for resale. I've had some success with this. Also you can sometimes buy things cheap in charity shops, at car boot sales, jumble sales etc that can be sold on at a profit. You need to have feel for the market you're targeting. I've done this and I've also found some bargains at antique fairs. Even pound shops can be a source of stock - I once bought a book in a pound shop, read it and decided I didn't want to keep it, so I sold it on for £3 plus postage. You need to keep your eyes open and you need to understand the market you're catering for.
1 person likes this
@eagletrek2 (5499)
• Kingston, New York
3 Sep 12
Hi with ebay I know a few what they do for friend and folks who do not like the interenet is they sell the firend stuff on ebay on a consigment base when the items sell they make from 30%-50% of the sale plus ebay and pay pal fees this way the producdt did not cost my friends anything and some of them are doing good ,other people look for wholesaleer and just mark up there product 100% like the main stroe do I have not did anything with amzon yet.