Five Popular Products o Sell on eBay and Amazon
Most people call it "retail arbitrage" - the process of buying products cheaply from
the likes of Walmart, and selling them online at a small profit. Whilst not the most effective
way to make a living, it can give you some extra money to invest - which can then lead onto
either having a larger company down the line, or just re-investing into more inventory.
The point is that "retail arbitrage" is a great demonstration of how the fast-paced modern
world has a plethora of opportunity awaiting anyone willing to engage with it. This tutorial
aims to give you an insight into exactly which products you should be building / designing, and
how you should be selling them through the plethora of online marketplaces such as eBay and Amazon.
If you're new to this world, the most important thing to realize is that EVERYTHING IS AN
OPPORTUNITY - just because it seems nonsensical does not mean that it won't be beneficial to you;
the trick lies in being able to identify the correct things to do in order to create wealth
for all involved. How you do it is up to you - the point is that if you're looking at this from
the perspective of trying to make progress in life, it's one of the more effective ways to do it.
How It Works
Entrepreneurship has been somewhat commoditized in the past 20 years, especially due
to the rise of the Internet. It used to be the case that you'd need a huge amount of capital
to create a business - and you'd only then be able to serve a local market.
The Internet gave us the opportunity to reach a global audience with very few barriers
to entry. Whilst it obviously increased competition in the same regard; it gave savvy people
the chance to change their lives by building a substantive asset-base from the products that
most people will simply go and buy online.
This is the core of where most people see the opportunities in the modern world; offering
new products to the global online audience. This is done either through your own website, Amazon,
eBay, or one of the other large online marketplaces. Being able to understand how it works
is the core of growth - allowing you to make significant progress if you do it correctly.
What To Sell
1. Used Games / Movies / Books
This is BY FAR the most important category for anyone looking to make progress. Selling
used "entertainment" products is almost guaranteed to make you small amounts of profit; it's
how Amazon started and is extremely good business (especially considering most people have
tons of second hand books that they're basically willing to give away).
If you're able to get a hold of products which actually have large sales volumes, and
decent prices, you'll typically find that people on Amazon / eBay will buy them for top price.
For example, I've sold a large number of Nintendo 64 games recently. I bought them as a
"job lot" from a friend; paid $50 for a large box of them.
After listing them on eBay (with photos), I quickly found that several were worth a LOT
of money... Mario Kart 64, Super Mario 64, Goldeneye 007 and several other games received bids
of $35 each. The most popular - BY FAR - was "Zelda Majora's Mask", which fetched $65.
Considering I had several of these popular games, I made a substantive profit on the lot. I was
able to then re-invest this money into buying a number of other lots which had similar rare games inside.
I've also sold a number of books (the most popular is "The Secret") as well as a series
of movies that my friend had & wanted to sell. You can sell both of these on Amazon and eBay,
allowing you to make decent profits from each.