16/10/09 eBay Powersellers Secrets Newsletter

“In this week’s newsletter Amanda shows you a live product sourcing example.”  

Hello!

Wow! What a flurry of positive responses to my newsletter last week! As my loyal readers know, I always appreciate your feedback, and it seems that my product sourcing idea certainly got you all fired up!

So much so in fact, that it got me thinking about how I could give you a little bit of extra help.

With this in mind I thought I would put together something rather special for you this week.

But first I want you to know that I know as well as anyone that sometimes it can be a challenge to actually source a product that you know will sell really well on eBay.

And I agree that this can be extremely frustrating.

But, (and this is a big but) you will need to roll up your sleeves and get your hands dirty! Like anything in life, the more you put in, the more you get out.

Sometimes you will hit the product jackpot straight away, other times you will have to trawl through a few searches until you find what you are looking for and believe me, every eBay seller out there, including Powersellers, get frustrated at times because they can’t find the product they want at the right price. It’s happened to me on more than a few occasions and I know how you feel when you just seem to end up going round in circles.

I want to show you that you really can source products at good wholesale prices that allow you to make a decent profit on eBay and I thought the best way to do this would be to give you a real live example.

So that’s what I am going to do!

I have intentionally chosen a product that I talked about in last weeks newsletter because last Sunday, when I discovered that this item was a hot selling product on eBay, I was in the same position as you - I had no idea where to source it from. I have never sourced or sold this product before, so this live example is completely from scratch.

I’m going to show you my initial search, the comparison of products and finally your actual costings and profit if you were to sell this item on eBay right now.

So in the next 10 minutes, you will know exactly how and where to source a current hot product that makes approximately £6.00 profit on every sale.

Imagine selling 3 of these every day – that’s £18.00 profit. Now imagine having 5 products like this, all selling 3 a day at £6.00 profit each. That’s 15 items per day making you a nice tidy profit of £90.00 EVERY day.

I’m telling you this because this is the magic formula. eBay is a numbers game.

My strategy has always been to source unbranded products that can be listed in multiple quantities over and over again on Buy It Now listings. My products are always easy to package and post with the minimum of hassle and are more often than not sourced from outside the UK.

Don’t worry; I intend to write a newsletter in the near future dedicated to the benefits of sourcing products from outside the UK as I believe that this is often the key to making the real money on eBay.

This is exactly how I started my eBay business and over time I simply added higher ticketed items with greater margins to my inventory.

Click the link here to watch:

http://www.powersellerpod.co.uk/video.html

Until next week as always I wish you the best of success,

Amanda

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I produce this newsletter on the understanding that these are my own personal opinions and experiences, which are as accurate as possible at the time of publication. I cannot be held responsible for any error in details, accuracy or judgment whatsoever. 

© Amanda O’Brien 2009 

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