Little help for my new friends.
For my first post I thought I might share some things I've done to make some money online.
Ebay + Amazon - Most people will see this and hit the back button. But ebay and amazon is an awesome way to get started online. I had a boss who tried forever to get me into ebay, and I wouldn't hear it until he showed me his sales. Nearly 20k in a year! Now to most of you big bawlers that might not sound like much, but this is his part time hobby! His wife pulls nearly this much in 6-8 months on her own ebay account! and he's still making 80k a year at my place of work..
They made enough money to open a small antique shop and then sell it for a tidy profit. Ebay is a awesome place to start and amazon ain't no joke either. But you will have to find stuff to sell.
Heres what I do. I buy wholesale pallet lots. I've made at this point upwards of 2k in 15-30 days on ebay doing this. Yep it was work. Yes you will need to be a real business. So you'll have to have resellers license or a tax exempt number. You will need someone to do your taxes if you can't figure out how to. Though it is is simple really, in my state, interstate sales (out of state internet sales) are tax exempt, so I don't have to pay/charge taxes on items not sold in my state. Dig your heels in and get the license! Find a cheap local tax office to do your taxes. Maybe 25$ a month? until you figure it out, its not that hard.
That being said, here's how I have found almost every liquidation-salvage-shelf pull-returns-ect ect warehouse-dealer in my local area.
Google using multiple keyword in quotes "". This will make the search engine pull up that specific word within any web page that has it, and then show you the most relevant result. This is old news to most, but to find local dealers you really only need to focus on using your area code and anything that might be found on their contact page. Heres what I use.
"your area code(ex:831)" "your states abbreviation (ex:TN)" "shelf pull" "wholesale" "closeouts" "pallet" "returns" "liquidation" "truckload" "tax exempt" "reseller" -AuctionZip
Use these keywords different ways. Not all the sites will have all these words in them and therefore won't be in the relevant results. So remove maybe "truckload" and see if something more relevant or new pops up. Use the - to get rid of any site you know wont produce what your looking for. The -AuctionZIp removes this from my results because there are like 10000 pages from the site that displays all they keywords I use. Thats great if all im looking for is auctions! But I want wholesale (not open to public) shelf pulled merchandise from Walmart, bestbuy and big box stores! Auction Zip is awesome though for tracking local auctions for reselling on ebay! Thats what my boss uses! With auctions you'll need to know what to look for. A good knowledge of antiques can make you rich. I can't say I know much about antiques, so no advice will be shared here on the subject, but I do know that old people typically have a better grasp than young people on the subject. And, that being the case, when the old people die ( and they do every day!) they leave stuff behind that their family could care less about! This is where estate auctions come in. Buying box lots at these auctions can make you monster money if you know what you're looking at.
All this said, this works for finding local merchandise. I've bought products at a cost of maybe 50 cent to a dollar a piece to sell on ebay for nearly 30$ a piece. Talk about a return! The worst part though was shipping. You will maybe need to read up on some guides to get you started with shipping, but its pretty simple. I use a cheap scale that I got off amazon called a My Weigh Ultra Ship. Like 20 bucks. And most of my items have all been shipped USPS priority mail. By doing this you get to use the free boxes they have at your local post office, or you can order them in bulk for free online at the USPS website. Also, if you find yourself buying massive amounts of items you can use amazon FOB, but thats a whole other can of worms.. google it.
You will find it very handy to have a smart phone these days. With a barcode scanner app you can visit your local warehouse and find information quickly on whats hot and whats not. Simply scan the barcode and see what the items are selling for on amazon or ebay. EX: a pallet of womens lotion has 100 pieces on it for 1.00$ a piece. Your gonna have to spend 100$ on that pallet, but can you make your money back? A typical pallet may have only 25% of the items undamaged, not out of date and in sellable condition. Scan the barcode of one of the items or look it up on your phone to see what the item/s are going for online. If you have 500 listings on ebay of this same item I would maybe steer clear. But if there are 500 listings at 50$ a bottle, and many have sold (using the "refine">"sold listings" link on ebay android app) at that price or higher, you'll only have to sell 2 bottles out of the 100 to get your money back! Now if only 25% of the lot is actually sellable you'll be making bank off that pallet. I did just this. I bought a lot of teeth whiteners for around 1-2$ a box. The lot contained around 100 pieces and I paid around 200$ for it. The whiteners were selling for around 15-30 depending on the box size, and the lot had multiple sizes. I went though the box and got I believe maybe 50-60 sellable boxes out of it. The kicker to it was that when I searched ebay I found that nearly every listing had sold that wasn't MSRP. The MSRP was like 90$ a box! And so what few were being sold (no competition) were obvious dropshippers and or people who had extra for some reason. I started listing them at around 20$ (undercutting dropshippers) and sold almost all of them in a couple days time. I could hardly keep up with the shipping!
TLDR: Use google to search out local wholesalers and resell on ebay/amazon for fat returns. Learn about antiques and goto local estate auctions. AuctionZip.com
This might help someone.. I dunno
http://content.yudu.com/Library/A1q7...esources/1.htm
Ebay + Amazon - Most people will see this and hit the back button. But ebay and amazon is an awesome way to get started online. I had a boss who tried forever to get me into ebay, and I wouldn't hear it until he showed me his sales. Nearly 20k in a year! Now to most of you big bawlers that might not sound like much, but this is his part time hobby! His wife pulls nearly this much in 6-8 months on her own ebay account! and he's still making 80k a year at my place of work..
They made enough money to open a small antique shop and then sell it for a tidy profit. Ebay is a awesome place to start and amazon ain't no joke either. But you will have to find stuff to sell.
Heres what I do. I buy wholesale pallet lots. I've made at this point upwards of 2k in 15-30 days on ebay doing this. Yep it was work. Yes you will need to be a real business. So you'll have to have resellers license or a tax exempt number. You will need someone to do your taxes if you can't figure out how to. Though it is is simple really, in my state, interstate sales (out of state internet sales) are tax exempt, so I don't have to pay/charge taxes on items not sold in my state. Dig your heels in and get the license! Find a cheap local tax office to do your taxes. Maybe 25$ a month? until you figure it out, its not that hard.
That being said, here's how I have found almost every liquidation-salvage-shelf pull-returns-ect ect warehouse-dealer in my local area.
Google using multiple keyword in quotes "". This will make the search engine pull up that specific word within any web page that has it, and then show you the most relevant result. This is old news to most, but to find local dealers you really only need to focus on using your area code and anything that might be found on their contact page. Heres what I use.
"your area code(ex:831)" "your states abbreviation (ex:TN)" "shelf pull" "wholesale" "closeouts" "pallet" "returns" "liquidation" "truckload" "tax exempt" "reseller" -AuctionZip
Use these keywords different ways. Not all the sites will have all these words in them and therefore won't be in the relevant results. So remove maybe "truckload" and see if something more relevant or new pops up. Use the - to get rid of any site you know wont produce what your looking for. The -AuctionZIp removes this from my results because there are like 10000 pages from the site that displays all they keywords I use. Thats great if all im looking for is auctions! But I want wholesale (not open to public) shelf pulled merchandise from Walmart, bestbuy and big box stores! Auction Zip is awesome though for tracking local auctions for reselling on ebay! Thats what my boss uses! With auctions you'll need to know what to look for. A good knowledge of antiques can make you rich. I can't say I know much about antiques, so no advice will be shared here on the subject, but I do know that old people typically have a better grasp than young people on the subject. And, that being the case, when the old people die ( and they do every day!) they leave stuff behind that their family could care less about! This is where estate auctions come in. Buying box lots at these auctions can make you monster money if you know what you're looking at.
All this said, this works for finding local merchandise. I've bought products at a cost of maybe 50 cent to a dollar a piece to sell on ebay for nearly 30$ a piece. Talk about a return! The worst part though was shipping. You will maybe need to read up on some guides to get you started with shipping, but its pretty simple. I use a cheap scale that I got off amazon called a My Weigh Ultra Ship. Like 20 bucks. And most of my items have all been shipped USPS priority mail. By doing this you get to use the free boxes they have at your local post office, or you can order them in bulk for free online at the USPS website. Also, if you find yourself buying massive amounts of items you can use amazon FOB, but thats a whole other can of worms.. google it.
You will find it very handy to have a smart phone these days. With a barcode scanner app you can visit your local warehouse and find information quickly on whats hot and whats not. Simply scan the barcode and see what the items are selling for on amazon or ebay. EX: a pallet of womens lotion has 100 pieces on it for 1.00$ a piece. Your gonna have to spend 100$ on that pallet, but can you make your money back? A typical pallet may have only 25% of the items undamaged, not out of date and in sellable condition. Scan the barcode of one of the items or look it up on your phone to see what the item/s are going for online. If you have 500 listings on ebay of this same item I would maybe steer clear. But if there are 500 listings at 50$ a bottle, and many have sold (using the "refine">"sold listings" link on ebay android app) at that price or higher, you'll only have to sell 2 bottles out of the 100 to get your money back! Now if only 25% of the lot is actually sellable you'll be making bank off that pallet. I did just this. I bought a lot of teeth whiteners for around 1-2$ a box. The lot contained around 100 pieces and I paid around 200$ for it. The whiteners were selling for around 15-30 depending on the box size, and the lot had multiple sizes. I went though the box and got I believe maybe 50-60 sellable boxes out of it. The kicker to it was that when I searched ebay I found that nearly every listing had sold that wasn't MSRP. The MSRP was like 90$ a box! And so what few were being sold (no competition) were obvious dropshippers and or people who had extra for some reason. I started listing them at around 20$ (undercutting dropshippers) and sold almost all of them in a couple days time. I could hardly keep up with the shipping!
TLDR: Use google to search out local wholesalers and resell on ebay/amazon for fat returns. Learn about antiques and goto local estate auctions. AuctionZip.com
This might help someone.. I dunno
http://content.yudu.com/Library/A1q7...esources/1.htm
Tim Pears
Tim Pears