EBay has a select group of people called Powersellers. This group represents the top sellers among the eBay community Although anyone can become a Powerseller.
There is another China sourcing method you can use and that is drop shipping. This is where you get a company that will stock and ship out the product on your behalf. All you do is purchase the product when the buyers pays you and any difference is profit. This can be very effective as long as you have a reliable drop shipper.
I have learned how to become an outside procurement company for companies needing branding and promotional assistance. At GPS, we know how to make ourselves part of the staff and not just product peddlers.
I can’t think of any more right now, but there will undoubtedly be many more ways in which learning how to be good at marketing will tremendously help you make more money on eBay – or any other business, for that matter!
EBay and drop shipping are a definite combination for a successful online business. With the help of drop shipping one gets to enjoy a fair amount of profit. Drop shipping makes a seller’s life simpler. One does not need to worry about delivering to customers and can concentrate on improving his/her business online. Drop shipping is nothing short of a blessing for those trying to make a living off eBay. They boost your profits by increasing your efficiency and productivity.
One of the big keys is to research what products are hot sellers and pick the right product and set it at the right price. Remember people want a bargain and are wanting a great deal. Great hot products are generally latest gadgets and problem solving products like acne creams and weight loss supplements. For the latest new gadgets that sell well you can use eBay pulse.
There are many types of auction on eBay, but what I would suggest is you start with the basic auction which is when you list your item with a starting price and wait for bidders to drive the price up until you close your listing. Once you have some experience with this auction you can try the other auctions.
Of course, if you are serious and want reliable product sourcing for eBay, then use a wholesaler. It can be rather daunting to find a good wholesaler and it can take some time before you find a good one.