Product sourcing ideas for your online auction business part 4 – online retailers

This method is kind of similar to that described in the previous post, but you use online retailers, preferably when they have a sale on, but in theory, you could use this method any time, which is why I personally like it so much.  Again, as before, it is a method I use personally so you know it does make profits.

There are however, in my mind, a couple of disadvantages over using high street retailers when they have a sale on.

  • it is not so convenient to return merchandise to the retailer, as you have to pack and ship it which costs you, so you need to be more careful when selecting products to resell, else you could end up with stock you can’t make a profit on or worse, sell at all.  With the high street retailers, at least you can do that with ease.
  • there is the potential for the competition to be greater, as the online retailer has it’s doors open to a wider audience than your high street retailer, therefore you may find more people selling the same product as you.

These are small disadvantages though if you do your research properly and buy sensibly.  I have created two videos for this post.  One shows you how I search for products with an online retailer that I use, and the other shows bad products to buy to resell for profit.

The first video shows how I find items to resell using an online retailer. Enjoy…..

In the second video, I show you examples of bad products to buy to resell, and explain why….

This is another very good method of getting started to sell in the world of online auctions, as your initial outlay is low, and risk very minimal if you research.

If you use or are already using this method of product sourcing, let us know how you get on.

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