eSources UK Wholesale Directory

Wednesday 27 January 2010

Using eBay to Sell Wholesale Lots Online

Selling lots is an efficient way to market your product. By selling in lots you will not get, as higher price per item but you will make up for it by increasing your profit through quantity sold. This is a sound business practice that has been the foundation of wholesale suppliers through out the world. One of the best ways to sell wholesale lots is to utilize sites such as eBay. eBay comes with a solid customer base that you can tap in to. eBay has millions of members and each one of them can be a potential customer for you.

There are a few key factors to keep in mind when you are selling on eBay. The first is marketing. You will want to have excellent photos of your products as well as well written informative descriptions. Your photos and descriptions are your way of selling your items with a proper layout you will find that your auctions do much better. With eBay you will also be able to set a reserve price, this is the minimum that you will except for your wholesale lots. This will insure that you will not loose money on any auction. Some people do offer auctions at a no reserve price, but with this selling method you take the risk that your lots just might sell below your cost. So you need to think carefully and decide if it is worth the risk to you.

Usually the hardest part of building an online business is the marketing of your website. With eBay you already have a large potential customer base, and remember when you are auctioning you can link your website to your auction. This will increase your hits, which ideally will increase your sales. eBay offers many perks you just need to know how to utilize all eBay offers.

As you can see there are many positive aspects of using eBay to sell wholesale lots. I cannot think of any negatives. You have total freedom to set your prices and if you offer quality products you will gain customer loyalty. This will fall over into your website which will garner you more income.

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