Good morning, good afternoon, good evening! This is Andy from wholesale-help.com. Do you
know what time it is?
Yes, indeed, it is time to pimp your business and bring on the clicks, and I am deadly serious
about that. Without further adieu, let's get cracking. Today's episode, we're going to
be talking about using eBay to find your stock to sell back on eBay. Now, this is a fantastic
technique. It's particularly useful if you're a bit short on time. If you've got to get
the kids to school, pick up, juggle a job at the same time, or if you've got a particularly
time-intensive job and you don't have a lot of time for yourself to get around the car
boot sales, the garage sales, the thrift stores and all those places where you can pick up
really great stock. If you haven't got time to do all that, this is a fantastic technique
where you can still buy and sell online and make some very nice extra income for yourself,
or a complete income for yourself, using eBay, because the main reason being, you don't have
to go anywhere. You don't have to go out on those trips. You don't have to spend some
of your time looking for the stock, because you can use eBay, you can get straight onto
stuff, and it's a lot less time-consuming.
What do I mean when I say, "use eBay"? Well, in the same way that you go around garage
sales and thrift stores, there's always people selling their stuff on eBay, it stands to
reason. They're not all traders. There are still plenty of people that are just trying
to clear out some space in their house, or they bought clothes that don't fit and they're
trying to sell them. There are all kinds of reasons why people sell on eBay, and we can
make use of that using a few different tools, we can hone in on some items that are maybe
badly listed, listed at not the best time of day, under-priced, bad pictures, bad photos,
bad listings, bad auction text. All those sorts of things can make a big difference
on what the end selling price is, so it's relatively simple to pick these items up for
a good price, turn them around, and sell them back on eBay.
Obviously, it stands to reason that, to make this work, you're going to need two separate
eBay accounts. There's no problem. You can open a couple of eBay accounts. You just open
an eBay account in the normal way, and so you can have a buying account and a selling
account. The beauty of eBay is, it's very transparent. You can see what people are buying
and you can see what people are selling and how much they're selling for, so it's fantastic
to spy on your competition. It's fantastic to find out what's a hot-selling trend using
eBay, but at the same time, other people can do that to you, so you don't really want to
be picking really good deals up on eBay and then try to sell them only for your buyers
to be able to see exactly how much you paid for it in the first place. So, two different
accounts, and it makes it a lot easier to do your buying on one and your selling on
the other. If you've already got an account with some feedback, use that as your selling
account, because the buying account doesn't matter whether it's a brand new account or
not, really. That's the first thing to think about.
Secondly, there are a few tools we can use.
This is the website we're going to use, which has a lot of very, very helpful free tools
that we can use to find some fantastic bargains on eBay to then go back and sell on our own
selling account. Some of you may have heard me mention this site before. You may already
know about it, but I can guarantee you're probably not getting the best out of it because
it's a fantastic resource if you want to sell and buy on eBay.
On this video, we've been talking about not having much time, and this is perfect because
these tools will cut down on a lot of time. They'll bring the bargains straight in front
of you, and I will show you as an example.
I'm in the UK, so we've got the Union Jack here, but if you hover over it, you can select
your own country. We've got everybody here - USA, Australia, even Canada's here. How
are you doing, guys? [French] You're welcome. Belgium, Switzerland, Irelands, The Netherlands
- [Dutch]. Australia - g'day, mates and lasses - Spain - I don't know any Spanish at all
- Germany - Wie geht's? And all that sort of German stuff; I don't remember any German.
Italy - Come stai? Va bene. France, obviously, very much like the Canadians, although they'd
probably be very insulted by my saying that. Moving swiftly on, select your country up
at the top there.
Getting back onto the subject as soon as humanly possible.
These tools will not only save you time, but we'll be able to use these tools to actually
generate some very, very nice profits. What am I talking about here? There are a few things
- eBay local search, for example. This is fantastic, because you put in your postcode,
and you'll find all the items ending soon in your area. Why is that important? There
are so many things that people list on eBay that may be slightly difficult to wrap, maybe
awkward, awkward size, a bit too heavy, it'd become costly to post, so a lot of people
don't want the hassle, so they just put "collection only" and they won't post it. That's to our
benefit, because there are a lot of items out there which are going to put people off
because they're too far away. They're going to look at it and say, "Well, it's a nice
item. It's going for a good price, but I'm nowhere near it. It'd cost me a fortune to
go and get it in fuel and your own personal time and all that stuff." People don't bother,
so it narrows down the audience. There's a lot less people interested in it, which means
it's a lot easier to find the bargains.
For example, I need some furniture for my garden. I was looking for a little table,
and locally to me, I found someone selling a teak table, just a small thing. It was 99p
start price, collection only, and no one bid on it. It was literally two and a half minutes
down the road from me. I bid on it, and I won, and I was almost embarrassed to give
the guy the $1. I gave him $1, so I gave him an extra penny because I'm that generous.
He was happy. He wanted it out of his way - it was taking up room in his garage, and
I did him a service by turning up and taking it away for him. He was happy, I was very
happy with it. It's a nice piece of furniture for my garden for $1.
There really are a lot of possibilities with this method. It's a fantastic method, and
you'll be surprised at how many things in your local area are really not being made
use of, because people just don't want to be bothered to post it or with delivery and
whatnot.
If you go back up to eBay tools and hover over on that, we'll see this is another great
one. It's a new option here - Late Night Auctions. This is people that are listing things; maybe
they're burning the midnight oil. They might be a shift worker or something like this,
but whatever time you're listing the item, that's the time it will sell, so if you happen
to be listing at some strange time like 3, 4, or 5 in the morning, then that's the time
that it will finish. Obviously, it gets a lot of its visibility on eBay when it's coming
to a close, when it's finishing. If it's finishing at 5AM, then there's going to be no one around
to see it. Again, much more increased opportunities to find things.
Let's just have a quick look. You click on that, and it'll take you through. As you can
see, I've already clicked on this, because I've already recorded this video once and
I realized I had it on pause, so I've actually clicked through and done this. Honestly, this
isn't set up. I literally just click on it and found this. As you can see, there are
no bids, it's finishing in fourteen hours, it's 99p, it's a Ted Baker jumper, so it's
a very good brand, designer brand, no bids whatsoever. It's finishing at 4AM. This is
a really good opportunity to pick something up. $4 postage, so it'll cost you, at best,
about $5, but I would pay $5 for a Ted Baker item. I've sold quite a few Ted Baker shirts,
and they go well. $5 for a jumper isn't bad money. It looks in reasonable condition. There's
slight baubling there on the shoulder, but if you've got one of those machines that can
just shave off the baubling, that'll bring it back to life, and otherwise, it looks like
a nice jumper, quite wearable. It looks nice. I'd wear a jumper like that. It's going to
be great quality, and it's going to cost you $5. You're probably going to be on your own
there. I don't think you'll get many other bids, so this is a really good example.
Just one click, and you're into something which is designer, size large so it's a good
size, good, popular size. It's a bit bauble-y, but basically, it's a good jumper. All it
needs is a quick wash, hang it up when it dries so the creases fall out, and you have
a nice item to sell. I can guarantee to you that you'll sell that. I would list that at
- what, $24, $29 - I'd probably put it up for $29 and drop it back to $24 if I didn't
get it for a quick sale, but I would fancy that at $29.95. I'd expect that to sell pretty
quickly at that price. Obviously, that's a handsome profit margin. All fees, all costs
to you out of the way, $18 - just under a $20 profit, which is a very, very nice profit.
You won't get that in new item retail hardly ever. For a $5 investment, you'd be lucky
to get a $5 profit in new item retail, that's for sure. That just shows you how easy it
can be, and that's the first one I found. You may find that there are even better ones
there, and you might want to leave that alone because it's slightly bauble-y, but if you
list it that it's slightly bauble-y, if you can't get the baubles off, then people understand
what it is, and it's a nice looking jumper. I would definitely go for that, no problems
at all, so it shows you how easy it is to do.
The last tool I want to show you on here is the eBay Sniper. Once you've found a load
of things that are selling at 4Am, you're obviously not going to want to hang around
until 4AM to buy it, so you can use the eBay Sniper, which means you put in your item number,
put it in there - okay, it wants me to log in. Put your item number in there, tell it
how much you want to bid, your maximum bid, and you can bring it right the way down to
a couple of seconds left, so you can really beat other people, which is a fantastic use
for this. That's why it's called a sniper - you can just go from a distance and bang
in a bid in the last few seconds and win. Quite often, you'll beat people that are bidding
themselves, because they won't leave it. They've got to reload the page and things like that.
Most people, if they're doing it themselves, might wait until the last ten seconds at the
latest, if they're brave. You can get underneath them and grab a good win.
You click on "add snipe", and it's done. You've got a picture there to confirm that's the
item, you tell them your maximum bid. You could say you'll pay a couple of pounds more,
just to be sure, just in case someone has a crack in it, you could put maybe $2 on there,
so you're paying up to $6 or $7, maybe you're prepared to spend on, but I wouldn't expect
anyone to get any bids on that. Even just the 99p. The next day, you wake up and you
found that you've won the item. Then, all you have to do is pay for it, and it'll get
delivered to your door, and you've had to go nowhere to get that item.
That's how quick and easy it is to do. You can do that all over the world very, very
successfully. If you spend an hour an evening doing that, I can guarantee to you, you'll
make very nice money. If you've got a busy job or you're strapped for time, then just
make time. Forego that mind-numbing soap that you watch, or that reality show, or something
like that. Say, "I'm going to choose to forego that one hour of my evening that I'd be watching
TV". If you're normally sitting down for two or three hours, watch for two hours, and then
go upstairs and do this for an hour. You can always find time - after the kids go to bed,
after you get home from work, whatever it is - just find an hour and do it regularly,
every night or every other night, and you'll build your business. You'll make money. You
can always find time for something like this.
I guarantee to you, once you've got your shop filled with ten or twenty items like this,
you'll regularly make profits. If you're making $20 an item, whatever that is, $35 an item,
it doesn't take long to get a nice little additional income, and you can build that
up as much as you'd like. You can keep going and going and going, and you can replace your
job, if that's what you want to do. If you don't have time for the thrift shop and the
garage sales and the flea markets and swap meets and all that sort of thing. You can
do it from the comfort of your own home. You can even do it in from in front of the TV,
if you must watch the TV. You can have this on your laptop or your iPad, and you can be
browsing these sorts of things while you're watching the TV, if you must.
Let me know what you think of this method in the comments. Like I said, let's put our
heads together! If you've got any ideas on how this could actually be expanded, how it
could be done even better, then let me know in the comments. Make yourself heard. If you
have any additional questions, put them down in the comments, and I will answer them underneath.
What do you think? Do you like this? If you like this technique, hit the thumbs-up button
under the video, or share it on YouTube - hit the "share" button and stick it on your YouTube
profile, or tweet it. I appreciate your involvement, and I appreciate your time to watch the video.
As usual, my name is Andy Lawrence. Thank you very much for watching, and I'll catch
you on the very next video.