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Joined: Sep 2010
Posts: 19
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 Sep 21, 2010, 04:03:04 AM | #5 |
| Ofthemix 's answer is quite right |
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Joined: Oct 2010
Posts: 20
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Oct 31, 2010, 12:51:03 PM | #6 |
One word answer "wholesalers".
Retailers mark up prices outrageously.
I'll use myself for an example. I sell piercing jewelry. There is tons of competition if you ever do an eBay search for it. You can buy a piece of jewelry from a wholesaler for as little as $0.09. A retailer will sell that same piece of jewelry for $10 or more. I sell that same piece of jewelry on eBay for around $1. I still profit. But because eBay is such a competitive market, I don't profit as much as I would if I had a retail prescence because the competition drives the market down. Retail establishments charge more because they have a lot of other variables to take into account when they do pricing, such as the cost of utilities and rent. On eBay, you only pay listings fees, so you can afford to sell the item at below retail prices.
When I sold jewelry at open air markets I did way better in a weekend than I did selling all week on eBay. The interaction with customers was great too. It is easier to form relationships with customers when you have a chance to talk to them face to face. I had a lot of repeat customers and the feedback was invaluable. Customers could hold the jewelery in their hands and make requests for designs I probably would never understand through email. It is worth a shot to try. The overhead is typically quite low at open air markets. |
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Joined: Dec 2010
Posts: 10
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Dec 28, 2010, 10:14:10 PM | #7 |
| I know people that spend a lot of time working on getting special promotions or rebates on products. Then they sell them on ebay. Some people actually buy items on ebay and then turn around and sell them for a profit. |
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