Quote:
Originally Posted by nocturnal
So what did you base your proposed retail price on? How did you arrive at that figure or did you just throw 3K at the first wholesaler and hope you would make a profit?
Maybe you went with ebay's completed listings? If the answer is yes and you purchased on the basis that you would make a profit selling on ebay just go ahead and do it, ebay has the big benefit of visitors - loads of them - so usually it's the quickest way to turnover goods online. You'll learn as you go but you need to recoup your cash to move onto the next stage.
|
Hi,
no I didn't throw 3k at the first wholesaler I came across
.
I knew that with 3k to use I had to build up my Ebay presence and make some profit in the process. Using the EAB concepts I based my buying decisions on stock I beleive I can turn over fairly quickly whilst making a small profit on each item. With 3k available I knew I was not in the position to buy masses of small profit items to benefit from the economies of scale but equally I didn't want to buy 3 or 4 large ticket items as this would not increase my Ebay presence.So I believe I've taken the middle ground which hopefully I will be able to build on.As I said earlier this is all about learning on the job for me.
rgds,
Anthony