I was browsing through all of the classified sections, and stumbled on Wanted to Buy. I noticed that people were placing ads for items they wanted to purchase. Great! I could do this! The whole eBay market place was a complete turnaround from normal retail where you spend a huge amount of money to bring a customer to a brick and mortar store. The buyers are always there, 24 hours a day, 7 days a week, 365 days a year. You just have to get the product at a good price.
Before I even place an ad in the local paper I will use the eBay search tab to see if there is any demand for the product I am targeting. I purchased some used dss satellite receiver equipment from a local garage sale for $10/each. I went to eBay and typed in the make and model number. This looked good! The search indicated that the receivers alone went for $60 to $90, depending on the make and model. I then checked completed auctions for dss satellite equipment. I saw that the remote controls were selling for $15-$19, and then I saw people sell the access cards separately for $90-$185 . That meant that I could make up to $250 per complete system.
Jackpot! - I was really excited!! I placed a classified ad in the Wanted to Buy section stating “Cash for used DSS satellite equipment". I ran the ad every Sunday, and would average 6-8 calls per week. This resulted in 5 satellite systems I could break down into components with an average of $200 profit on each system. Utilizing ads is a great way to get a steady stream of hot products to sell on eBay. Many of my students have implemented this technique for a great monthly revenue stream.
I was very successful using this approach, and I didn't have to go to the garage sales, etc to find product. With a $9 ad, people would call me wanting to sell their items. Now, that is a great system!
Another classified ad success story, and there are many: Sue E from Montana used one of the eBay hot products categories I supplied - VHS Concert Videos. She placed a $9 classified ad in the Wanted to Buy section listing “Cash paid for VHS Concert Videos". Sue's average cost for the tapes is $4, and she normally is able to buy several. The selling price for each tape ranges between $29-$89 on eBay depending on the artist. Wow! Sue is a stay at home mom with three kids. She spends a few hours a week doing this and brings in $300-$500 per month.
Tim Gilberg is able to provide information and insight from a unique perspective - that of someone who is actually doing what others just talk about. Ebay Power Seller Platinum Status was Attained by Tim Gilberg, which is one of the highest sales levels attained selling on eBay. Tim is active on Ebay and liquidation.com as well as consulting and working with other Top ebay Power Seller's to give you real life in use insight, not theories. Visit Tim Gilberg at his website Make Money on eBay