Wholesaling

Hi mate,

Years ago I had the same idea as you, I also had about the same budget.

I looked at small items, but so was everyone else so i tried something different, I bought 1 Item and spent nearly my whole budget on it.

I sold it for about $30 profit and did it again.

Then I bought 2 and did the same thing, then a batch of FIVE and so on.

The Killer with wholesale is the stock you can't sell, its dead money. Your better to look at a smaller number of higher ticket items and just roll the profit into some more stock you KNOW will sell.

Nothing will disappoint you more than a box full of iphone covers sitting in your garage.

At least with a camera or phone or something like that if all else fails you can stick it on Gumtree or in the local classifieds.

Think of it from a work point of view as well, sell 50 iphone covers and make $2 per cover. Thats 50 listings, 50 Mailouts, 50 customers to deal with.

Or Sell 1 Item at $50 profit, 1 Listing, 1 mailout, 1 customer.

Hope that helps mate, Just my opinion.

Oda

If you are going to focused on eBay during your start up phase, I recommend building up your account first with high volume, easy to sell, low profit items first. In fact, 80% of your inventory should be stuff that offers little profit but sells quickly because it helps protect your ratings. For example, if you sold a special type of lamp that made you a profit of $20 per sale, and you sold 4 a month, and every single customer left feedback and you shipped your item out within hours of the purchase, and you think you are in the clear... at the end of your 3rd month you have sold 12 lamps, your feedback is at 12 100% feedback rating, your DSR's are high especially because you offer Free Shipping, but then that 12th customer msgs you and says

John Doe: "Hey, I bought this lamp a week ago, I haven't got it yet!"

You look it up and find out that its sitting in a post office.

You: "I found your package, it's in Jacksonville, FL post office."

John Doe: That's my old address! My new one is 2181 Main St, Miami Florida!"

You: "Okay, I'll make sure it gets to you"

Now your contacting the post office and they send it back to you, and you send it to their new address and 7 days later after they contacted you, they send you a message saying it was recieved.

John Doe: "I got the lamp, thanks! It looks amazing on my dining room!"

Then you wake up days later and you look over a listing you made 2 days ago and you see your feedback rating is no longer 100%, now its not. You find out John Doe left you a negative feedback that states:

"Item is good, took almost 3 weeks to get"

Now, it's not your fault of course, but now the damage is done. You send him a feedback revision request but it's some 62 year old guy in Florida that spends more time fishing than on the internet so he never responds wasting one of your invaluable feedback revision requests.

A month goes by and you decide to start listing your old collectible post cards after you find one is worth $40 and you've got 100 of them things. You list a couple and by your 5th, you get an error message from eBay saying you are limited from selling more than 10 items a month so you call in and your told that your feedback ratings are too low, your DSR's are too low, so your your account will be limited to selling 10 items a month for 90 days and then it will be up for revision by eBay.

Your hopes of ever getting Top Rated Seller status is diminished and you'll have a pretty tough time switching to a volume based selling method and reaping the benefits of being a TRS and saving money on fees.

check out the chinese sellers selling those items for a penny