How to Make Money on eBay Buying Wholesale

After quickly checking to see if there’s any sign of a little yellow three wheeler anywhere, you’re reaching for your wallet in case the stallholder realizes his mistake and puts the price up.

I’m not saying it never happens, but these days the market stallholder doesn’t need to go to extreme lengths to ‘turn a profit’. It’s the same for other people, perhaps like you, who buy and sell on Internet auctions such as eBay. With the advent of the Internet, a vast marketplace has opened up all around the world, the like of which we have never seen before. It’s put the ordinary person, just like you and me, on the same level playing field as the big retailers – and of course the market traders. At last we have the same chance to ‘turn a profit’ as they have, so how do we do it? We buy wholesale. We not only need to know how to buy wholesale, but we also need to know where to buy wholesale if we want to find out how to make money on eBay. Years ago, long before Tim Berners-Lee woke up one morning and said, “I’ve got this great idea about connecting every house in the world to a computer…” only people ‘in the trade’ were ever able to buy wholesale. In the last few years, however, the number of wholesale outlets available to those ‘online’ has increased a hundredfold.

The reason for this amazing increase has been the popularity of online auctions such as eBay. When eBay first came along it was seen as a novel way of selling unwanted gifts and general items that nobody really wanted. Within a few short years it has become the biggest single marketplace the world has ever seen outside of perhaps Forex.

Extraordinary businesses have been born using eBay, and many a fortune has been made too.

There have been business failures as well, not because of the market itself, but more because people didn’t really know what they were doing. The successful ones were certainly helped by the fact they could get hold of good wholesale products at good wholesale prices, and therefore make a decent profit. Wholesale suppliers have sprung up all over the world as demand for high quality items at low prices has outgrown the old availability, and the number of budding entrepreneurs vying for business has increased dramatically. Gone is the sharp intake of breath and “Sorry mate, Trade Only” and nearly all suppliers are now more than willing to sell to the ‘sole trader’on an eBay online auction, who is by definition a trader anyway. Wholesale prices, and for that matter retail prices, are always determined by supply and demand. In our current economic climate the demand for low cost products is extremely high, so asking for a better deal on a particular product is not unreasonable, and could be profitable. It does no harm to ask. After all, as far as they know you could be the next eBay PowerSeller couldn’t you?

So next time you go to your local market and you see something you really like, don’t just wonder how they can possibly sell it at that price, say to yourself “I KNOW how they can sell it at that price, and if I can source it myself from a wholesaler, I’ll sell it on eBay and take the profit for me!” Be lucky.