This
article offers a few simple techniques that let you benefit from sellers who
either don't know or don't care how their products are listed on eBay and
consequently their mistakes and omissions often lead to items going unsold or
selling way below their real market value. All you have to do is look for items poorly or
wrongly listed, buy them cheap, correct mistakes and improve their earlier
listings, then resell those items at a profit on eBay.
The
best way to make steady money is to literally stalk eBay looking for items
available for you to buy at less than their normal selling price on eBay.
This
discrepancy can be due to several reasons, for example:
- The
item is poorly listed and failing to attract interest because it is listed in a
category where few potential buyers will find it;
- The
listing has spelling mistakes or typos which render it oblivious to eBay's
search engines when potential buyers seek for similar items;
- The
pictures are poor and that deters people from bidding;
- The
item is highly desirable but the seller doesn't know that and fails to describe
it properly.
Those
and other anomalies suggest a product you might buy cheap and relist almost
right away to at least double your investment and maybe earn a great deal more.
Tips
* Look
especially for items failing to attract bids which are poorly described, listed
in the wrong category, having typing mistakes or typos, have poor
illustrations, or which are missing essential words and fail to respond to eBay
search engines. In all cases the item can usually be purchased below typical
eBay value and relisted as soon as corrections and improvements are made.
* Do
price comparisons on eBay. You'll often find items available Buy It Now or Best
Offer which regularly fetch far more on auction listings. This is because
people get caught up in the thrill of bidding and chase items they don't really
need or want just to prevent someone else winning them.
With so
many items listed on eBay, in several country sites and in hundreds of different
categories and sub-categories, you really do need to focus on one or a handful
of product types or you'll just get horribly confused. You also need a good
system to keep count of items viewed, low price Best Offer opportunities, and
so on. A spreadsheet will usually do or the note-taking system available on
most computers.
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