Friday, April 30, 2010

Top Five Garage Sale Tips for Finding eBay Inventory


If you are shopping garage sales and yard sales for inventory to resell on eBay, there is a strategy to maximize your energy and minimize your time. Work smart, not hard! Here are some tips to organize your garage sale-ing efforts.

1. Draw up your battle plan far in advance. Visit Craigslist.org under the garage sale section. People start posting about weekend sales on Tuesdays. Check frequently for new posts, and keep a list of sales in your area. Focus on large neighborhood or community yard sales. You will spend more time at the sales shopping than driving all over the place from one sale to the next. Map out your route using Yahoo Maps or a GPS system. You are on a mission!

2. Focus on sales in the affluent parts of town. The ritzy neighborhoods will have better items. Second, many people living in expensive neighborhoods are living beyond their means and may have to sell some items to pay bills. Even if you have to drive a little further to reach the affluent communities, it will be worth your time and gas.

3. Always have plenty of cash. Most people won't take checks. Also, cash is good for negotiating. You can pull out a $20 bill when something costs $30 and say, "Would you take $20?" The seller usually won't let that cash get away.

4. Be prepared. Wear comfortable shoes. Keep a small cooler with drinks and snacks in your car. Have your phone handy (or a laptop with WiFi) in case you need to research the selling price of an item.

5. Don't be afraid to negotiate. All the person can say is "no." They won't shoot you. Be fair and reasonable but realize that the seller doesn't want to drag everything back into the house or take it to Goodwill. Arriving at the end of the sale with cash will help you get some great deals.

For more information on exactly what to buy to resell, check out my eBook about garage sale finds to sell on eBay.

Happy Selling!


Thursday, April 29, 2010

American Girl Doll - Thrift Store Item Sold on eBay for $76

A reader sent in this great story:

I found this American Girl doll at a Goodwill for $1. She is "Just Like You Brown Eyes Blonde American Girl Doll." The photo is exactly how I found her.



Thrift Store Price = $1
eBay Selling Price = $76
Profit Before Fees = $75

Wow! That is amazing. I never would have even known to look for this doll.

Click here to find my huge list of thrift store items that have been sold on eBay for a nice profit. Keep those success stories coming!

Happy Selling!



Find sloppy listings and resell the items for way more than you paid for them! Click here to see my personal examples.

Tuesday, April 27, 2010

How to Price an Item to Sell on eBay

One of the most frequent questions I receive as an eBay consultant is, "How much can I sell this for on eBay?" Here is a video that demonstrates the process for determining how to set your starting bid or buy it now price. In this example, I am listing an item that sells for $92 and has a 100% sell through rate.



Summary:

1. Choose your keywords carefully. Choose keywords that correspond with the highest average price. Don't be so concerned with the NUMBER of listings with a keyword, focus on the keywords that bring the highest average price. (Of course, you can only use the words that apply to your item.)

2. Remember that the average price is an average. There may be listings in the data that bombed because the seller started his price too low, made mistakes in his listings, had a bad photo, or made other mistakes that caused him to receive a lower price. Strive to do better than the average!

3. Pay attention to listing type. This will tell you which listing format to use in order to get the highest price.

Happy Selling!




Know when to sell on eBay

Sunday, April 25, 2010

Possible Solution for Lost International Packages


One of my clients was kind enough to mention the discount shipping insurance offered by InkFrog. You may already know that when you ship a package First Class international through USPS, Paypal, or Stamps.com, there is no option for insurance. You can only insure Priority International mail.

On Inkfrog, the shipping insurance is directly integrated into their system is a package insurance program backed by Shipsurance. The cost is $1.25 per $100 of value on your international shipment. Now, you still have to pay the $9.95 monthly fee, but this may be a solution for those of you who are looking for a way to insure First Class International packages.

If you are not an InkFrog user and don't want to pay the monthly $9.95 fee, you can go directly to ShipSurance.com and purchase the insurance there.

Related Articles:

How to Ship a Package Internationally

How to Increase Sales by Offering International Shipping

How to Sell Walmart Products on eBay UK


Happy Selling!