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Make Money on eBay - Purchasing Items for Resale

Success in the eBay marketplace includes many different components. It involves identifying the right market niche and the right products to sell within that niche. It also involves taking the many critical steps that are involved in purchasing products for resale on eBay. Only then will you be in a position to make money on eBay.

Are you looking at making purchases from wholesale distributors, closeout and liquidation companies? If so there are four key steps involved in the process. Every seller needs to invest the right amount of time and effort to help insure that they have located reliable suppliers who sell quality products. Taking shortcuts can really impact a seller’s ability to make money on eBay with the products that they purchase.

STEP 1: Identify the right products. Don’t shortcut the research that you do to verify there is a market for the products you wish to sell.
STEP 2: Locate and check references on suppliers who provide the right products. Invest the time to really thoroughly check out prospective buyers.
STEP 3: Making a profit. Understand the true costs associated with your business. Know where you are spending and look for ways to intelligently reduce costs.
STEP 4: Test before you make a big investment in inventory. Verify that you have a winning product in a solid market niche. Verify that sales will generate a profit after all costs and expenses are paid.

If you make a buying mistake – accept your loss and move on. The key to make money on eBay over the long term is to learn from all of your mistakes! Also make sure that you never run out of merchandise. Being unable to provide in-demand products costs you sales and profits. Anticipate customer needs and have options available to meet sales. If you don’t have products to sell it is impossible to make money on eBay.