One of the most convenient and popular mode of earning a steady stream of income, working from home is to sell products on the popular e-commerce portal eBay. Although ebay has become a household name, most people are clueless about where to start and how to start. Also most are ill equipped to find the right products that they can sell on eBay. The popular perception is that eBay is a platform where one can sell some of their old and redundant stuff. But what if you do not have old but still valuable items, lying around in your place.
There is a host of articles on eBay that primarily teaches you how to sell your unwanted items, but quite frankly most people will not have any pile of unwanted objects that they can trade on eBay. A majority of us will have stashes of junk which have no resale value. So to have a profitable eBay venture, one must scout for the right products that they can sell. Whether those products will be brand new or old and used ones, that one must decide carefully. This is because sourcing of old and new items are different. If you believe that you can kill it with old goods, then your primary avenues of sourcing will be flea markets, yard sales, estate sales and swap meets. Storage unit actions are also another source. Basically here you will find products of people who could not pay their rent or other liabilities and subsequently had their items repossessed. Storage units will be selling off these items and one can find plenty of valuable stuff there that could be sold on eBay
Wholesalers vs Liquidators
If new items are the objects of your choice, then wholesalers and liquidators will be your go to guys. But first you need to be well versed with a few basic terminologies. A manufacturer sells his items to wholesalers who in turn vend it to retailers. Consequently, sourcing directly from wholesalers is a lot more expensive than manufacturers, but there will be items that cannot be purchased directly because of various constraints. A liquidator also does the same job as that of an wholesaler but his assortments generally include goods which are customer returns, shelf pulls, items that were overstocked as well as merchandise which are slightly imperfect. There will be a lot of items in the liquidator’s portfolio which will not be saleable, for instance any electronic items. Therefore one needs to be well versed with the intricacies, before purchasing from any liquidators. So for novices, it is advisable to purchase their products from wholesalers.
However liquidators are not simple rip offs. Reputed chains like Big Lots and Burlington Coal Factory are in fact liquidators who retail their products to the general public. One can find lucrative deals if one knows everything to the last detail. There are several jargons and lingos that liquidators freely use that one must know. The most frequently used expressions are overruns, shelf pulls , customer returns and imperfect. Overruns are items that face the problem of overstocking. Customer returns are merchandises that are returned. Shelf pulls are those goods which are taken off the shelves at the end of the season. Imperfect or “flawed” items cannot be retailed as first class merchandise because of some minute defects which, however do not impact their usability.