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In order to sell this slow moving inventory they had to take this product and sell it on weekend and local swap meets etc, they were able to move through cosmetics but it was barely a break even scenario after all time and additional labor involved in selling goods.
4 questions to ask a before buying a large quantity of products for resale.
1. Have you checked eBay-completed auctions to get an idea of demand? Using free eBay search functions to view completed auctions. Viewing completed listing we give you a snapshot of what eBay market will bear.
2. Did you also check completed auctions under multiple search terms? You can apply this question to any of your eBay sales. I always research product name title and any descriptions even prior to listing an auction up for sale. (This will not only increase your success rate but also will also give you more bids and higher ending value of your eBay auction.)
3. Did you account for any additional storage fees for these items)? This question is designed to see what if any additional fees you may incur storing this product over a longer period of time.
4. How long will it take to sell through load of product? This question is designed to find out how much time to sell through you entire load at which point your profit would be calculated If it take over 6 months to a year this may not be a load of product you want to purchase.
Learn from this lesson Unless you are given product to liquidate at no cost be very careful in evaluation all cost and time involved to sell through a load of items for resale on eBay.
Jason James is a 10 year Internet marketing veteran and an eBay Power Seller of 4 years. His website "The Auction Resource Network" reveals his inside secrets and sources that help him pocket over $10,000 a month on eBay.
Claim your FREE 14 Day "Learn How to Sell on eBay" e-Course Here: www.auctionresourcenetwork.com