However, he said rare or special items without a defined market value are good candidates for auction-style listings where demand can drive up the price. Do you have a hobby? In the end would you rather have a Paypal account or you money? There is so much to learn — thanks for sharing.
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There is a fortune to be made selling discontinued items on eBay. Many can be found in local retail stores and will sell for a high profit because consumers are creatures of habit — they don’t like change. People will often pay an exorbitant amount of money to keep using their favorite hair color, keep drinking their favorite coffee, or keep using the same baby products on their infants. Learn how to cash in on discontinued products by understanding how to recognize them and how and when to sell them on eBay. To make money on eBay with discontinued and limited edition items, timing is important. The optimal time may be as soon as you find the item, within a few weeks before the too expires, or months later when other sellers have run .
2) Watch your fees
In this fast-paced world making quick money with very little or no investment seems like the thing to do! With eBay, you can sit at home and make this dream come true. With online retailing giants expanding by leaps and bounds, online shopping has hit an all-time high. Coupled with day returns and free return shipment policies, even returning an item bought online has become hassle-free and convenient. Right from clothes, groceries, upholsteries to phones and phone cases are being returned regularly to Amazon. The reason for return varies according to the whims and fancies of the customer — from incorrect size to unpleasant color of the item ordered.
5 expert tips for selling on eBay
There is a fortune to be made selling discontinued items on eBay. Many can be found in local retail stores and will sell for a high profit because consumers are creatures of habit — they don’t like change.
People will often pay an exorbitant amount of money to keep using their favorite hair color, keep drinking their favorite coffee, or keep using the same baby products on their infants. Learn how to cash in on discontinued products by understanding how to recognize them and how and when to sell them on eBay. To make money on eBay with discontinued and limited edition items, timing is important. The optimal time may be as soon as you find the item, within a few weeks before the item expires, or months later when other sellers have run.
Being greedy does not pay on eBay, and sometimes you end up with. Other sellers will always be willing to charge. When you discover that the selling price is falling and your profit margin reaches its lowest acceptable level and the expiration date is approaching, sell the items in a lot or batch for your cost and move on. Get out while you can still recover your investment. Another profitable discontinued item will come. If there is no expiration date, you can price high and wait.
The best way to sell discontinued items is to buy a few if you can find themsee how they perform, and then buy more if the profit is acceptable. This can be a costly lesson, so don’t get greedy.
Find a source, sell some of the product, and then decide if you want to sell. Large manufacturers like Johnson and Johnson, Kimberly Clark, Nabisco, and Kraft know that the consumer market will respond to a new product. When sales of a once profitable product fall below a certain threshold or fall into the decline stage of how to make optimal money on ebay product lifecyclemanufacturers know it is time to stop making it. Shelf space can be allocated to a new product that will get its own advertising campaign and a lot of marketing attention.
It is a cycle that occurs constantly and what drives many of the manufacturers to continually develop new products. Many products in the decline stage still have a loyal following of customers. One example is hair color. When women find an at-home hair color that works for them, they are reluctant to change.
Hair color is always being discontinued. The next time you are in a Walgreens or a grocery store, look at the clearance or reduced section. Hair color is usually one product that is always marked. And don’t forget the men’s hair color. Non-perishable food is another category to pay attention to.
Remember the Hostess Twinkie frenzy back in November of ? Smart eBay sellers rushed out to grocery stores, Target, Walmart, and anywhere Twinkies were sold. Sometimes, a major event like the Twinkie situation is a great way to make some fast cash on a disappearing product. Learning about a discontinued item is mostly paying attention. A few ways to learn if an item has been discontinued:.
Pay attention to what customers in stores are saying. Have you ever been shopping and another customer is looking for something and comments that they can’t find. Or they turn to the person they are shopping with and say something like:. That’s your cue to ask them what they are looking for and do the research later.
Just paying attention to what is going on around you can have how to make optimal money on ebay rewards. Remember to do your homework and check completed listings to determine a fair and competitive price. They may not be getting the item for the same price that you are paying. You may also find items at garage sales, and estate sales.
Some grocery stores have a special section for clearance items. Others have been discontinued by the manufacturer. You will have to do the research to determine which it is. If the item has only been discontinued by a particular store, it will still be readily available elsewhere and won’t be a good seller on eBay.
Look for hair products at salons, Ulta, Sephora, and other stores specializing in makeup, skin, and hair care. Sometimes items will be in the clearance section, sometimes they will be on the shelf at regular price. Always do the research and math before buying. Probably one of the best places to find discontinued items is at and flea markets. Do’s and Don’ts Selling Questions. By Suzanne Wells. Other brands and types of products that are frequently discontinued:.
Go on eBay to the health and beauty and grocery categories and search for the keyword «discontinued. Lots of bloggers vent online when one of their favorite items has been discontinued.
The manufacturer may also have the notice of discontinuation on their website. Look on Amazon reviews. Customers will often use the Amazon Reviews option to complain that products the like are not available because they were discontinued. Call the number on the back of the product and ask. Nothing like getting the information directly from the horse’s mouth.
If you call the company, ask if the product is undergoing a packaging change or if it has permanently been discontinued.
If just a packaging change, the item will return to the shelves and you will know you only have a short window to sell the item for a profit before the supply is reinstated. Watch the news. There are often reports of discontinued items showing up on eBay for crazy prices. Today Sponges were selling on eBay for 5 times the shelf price because eBay sellers had purchased them for resale, and there were not any available in stores.
Eventually, the sponge was re-released and supply caught up with demand. I wonder if they don’t make it anymore. You never know when or where discontinued items will pop up so always be on the lookout.
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Make EASY Money Selling Things From DOLLAR TREE! Anyone Can Do This.
Every time you turn around ebay have changed something, so my advice to newbies is to keep up with everything by paying attention to their announcements. Also, selling will make you a better buyer. Avoid problems by making sure your supplier provides proof of postage for every sale you make. Asking your customers to put in too much information during the order process may sway them away from buying due to the extra hassle. Jamie, great question. Selling such things on eBay will provide you with much-needed extra cash and free up your living space and your life for new […]. While many of them are great options, eBay was a first and remains a popular go-to site for people to buy and sell. What really went well for me was clothes. Definitely needed in this day and age.
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