Buy low, sell high; an eBay tutorial on flipping goods bought from retail stores. How to do it, make it easy, optimize the process, and more …
Additionally, I’m going to assume you’ve got a base level of knowledge on how to actually use eBay.
What is eBay arbitrage?
Arbitrage is the act of selling something that you don’t own yet, and by taking the money your customer has spent, you buy the item for them at a cheaper price. You profit from this by taking the difference between the price you sold and the price you bought at.
- I sell a DVD on eBay, for £15;
- I receive £15 from my customer;
- I goto the shop, buy it for £10;
- Send the DVD to the customer and pay £1 for postage; and
- Gross profit £4.
Of course, it’s far more lucrative when you start selling at volume, or you sell more expensive items.
How does retail arbitrage work on eBay?
Well, eBay makes this whole entire process, super easy. They care about the traffic to your listings, and you only pay fees when you sell.
You might also pay insertion fees, but these are minuscule, and can be lowered by purchasing an eBay store.
Another benefit of getting an eBay store is that you can keep your listings open until canceled; so you don’t have to keep re-creating the same listings time and time again.
How do you find arbitrage items for eBay?
The initial work is usually quite fun.
You need to grab your smart-phone, or tablet, download the eBay app, go to your nearest store.
Barcode scanner apps can grab your product details and also compare them with eBay prices too.
If you’re a walk away, then this is really effective.
Best places to buy items to flip on eBay
Go for the bargain stores. Stores with tonnes of discount on.
Supermarkets can be really effective because you know you’re going to have a consistent flow of stock.
But again, discount stores are your best bet.
How to find an item on eBay by scanning the barcode
The eBay app, click on the search bar, and then on the barcode image.
Then simply scan the barcode on the item that you’re looking at.
You’ll see the current selling price of these goods on eBay.
When you find an item that you can buy cheaper than it’s being sold for, you list it.
Fortunately, when you scan the barcode, the majority of the content, including images, is filled in.
Update the rest of it when you get home.
How to rank your eBay listings higher
I created a video where I go over ranking your eBay listings in 10 minutes. It’s easy to do when you know how to do it.
Fulfilling your eBay orders
When you get your sales through, you obviously need to go and buy the products that you have sold.
I don’t really need to explain that you need to go to the store that you went to find the products, but you do.
Throw the items in a package, post them out. And enjoy your profit.
How to scale up an eBay arbitrage business?
There are two options I’m going to discuss here.
Both are super effective.
How do you find wholesale goods to sell on eBay?
Places like Costco and other wholesale stores are going to sell a massive amount of products, and great prices too.
This opens up the opportunity to sell “lots” to other businesses, or bulk-packs to savvy customers.
When you’re moving larger amounts, you definitely need a car or even a van.
But think, when you’re moving a van load per day, you’re making good money on every single thing in your vehicle.
How you scale this way is down to you.
Can you flip luxury goods on eBay?
Luxury items and generally expensive items such as TVs, and other electronics, are really good ways of getting a good premium for a single product.
Head over to your local electronics store and scan the TV, Xbox, Playstation, Oculus rift codes.
Or head over to a watch shop, a Gucci store, or a designer department store.
That’s all for now, if you have any questions, drop them in the comments section below and I’ll get back to you super quick. I’m always online.
Until next time,