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    1. jardantuan is offline

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      #1

      Looking to sell on eBay, but not as a business - Starting up, Stock and Feedback

      I've just finished college, and I've got 12 weeks of summer to kill before (hopefully) going to university. While everybody's been telling me to get a job, I really hate the thought of working at a checkout in shops, and I've had little to no luck anyway. eBay was the next best way for me to make some extra cash, but there's a couple of things I'm unsure about.

      - For a start, I've only got a very limited start-up fund - as in, 200 in my bank account at the moment. I can't very well sink all of that into stock, in case I can't shift it and have no money to survive on. Will it be impossible to invest with such a small amount of money?

      - I've already got ideas on what I want to buy, and was looking for wholesalers that stock it. Do I need to be a registered business to be able to buy from wholesalers, or would I be able to just use a personal eBay account?

      - The main concern I have is that I've only used eBay from my parent's accounts (I wasn't 18 at the time), so mine has no feedback. Will I struggle to sell anything without feedback?

      Thanks in advance for your help.
      Want To Be An eBay Powerseller?
      This is the Service You Need.

    2. WholesaleMod's Avatar
      WholesaleMod is offline

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      #2
      Hi Jardantuan,

      Welcome to Wholesale Forum

      - It is definitely possible to start selling online with a small start up budget. One of the solutions is drop shipping.

      With drop shipping you do not have to buy and hold stock, instead you list the products that your drop ship supplier has to offer online and start selling. When you make a sale, you just forward the order and the money to your drop ship supplier, then you supplier will send the item directly to your customer. The difference between wholesale and retail price will be your profit.

      Another solution could be to buy excess, ex-catalog and surplus stock at a low price and start reselling it on eBay. You can find some great products with wholesale liquidators like Overstock.com or Wholesale clearance UK Ltd.

      - To be able to buy from wholesale and drop ship suppliers you need to be a sole trader or registered as a limited company.

      * Being a sole trader is the simplest way to run a business. You do not have to keep records and accounting is straightforward. A sole trader gets to keep his profits. However, you are personally liable for any financial problems you business runs into. To registrar as a sole trader you need to register as self-employed with HM Revenue & Customs (HMRC).

      * Being a limited company has some advantages. With a Ltd company you limit your liability in case something goes wrong with the products you are selling, for example, when imported goods from abroad turn out to be illegal. Your personal liability is limited to the capital of the company. You will also benefit from lower taxation (you can also use your Ltd company's capital for business related purchases, which include property, office premises, and anything else that can be associated with your business activity). For more information on setting up a Ltd company have a look at Checklist: setting up and registering a limited company (private or public) | Business Link

      - You will need to put a lot of effort into getting up your positive feedback. It is not going to come easy, but there are some way's to speed up the process. Try reading some of the following threads to see what you can do to get more positive feedback quick.

      https://www.wholesaleforum.com/discu...comments-2050/
      https://www.wholesaleforum.com/discu...ratings-13512/
      https://www.wholesaleforum.com/discu...e-rating-4311/
      https://www.wholesaleforum.com/discu...-quickly-2185/

      To find verified drop shippers you could sign up with esources (Over 400 UK and 2000 International drop shippers). They are the biggest directory of verified drop shippers, wholesalers and manufacturers. Once you find the product you want to sell online you just pick your drop shipper and start selling.

      Find yourself a good product to sell and start working on your feedback. If you have any other questions in the process, please ask
      Over 150,000 Verified Sources + Deals 95% Off MSRP + Free Website!

    3. Angela is offline

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      Rated this thread:

      #3
      I also think drop shipping is the best choice for you, if you want to sell something directly from your home I have a suggestion for you. As I am in China i know there is a lot of online websites that sells items like fashion jewelry in very low price, you may buy a relatively big amount items from them and negotiate for a bulk discount, then you could sell it on ebay to the customers in your country. I think you could really make a profit and at least get a good feedback by this way if doing well.

      Just my suggestion for you.

      Best regards.

    4. themp4 is offline

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      #4
      1 - Most likely you will make less money on eBay than you would in a job over a 12 weeks period since you are start up business
      2 - Profit on eBay is low, but if you can sell loads of quantity then you can make a lot of money.
      3 - I don't know about minimum quantity from wholesalers in the UK but its not worth buying small quantity from China as delivery will bump up the price you pay for each item.
      4 - We wholesale mobile phones accessories and minimum order is 30, you can even collect and pay cash if you are near Leeds.
      5 - Many people on eBay are not bothered about feedback or don't understand the system.

      I am not going to post our web link here just yet as I need to get familiar with the forum rules first, in the meantime just check eBay for mobile phone accessories, especially iPhone 4 bumpers and cases, they are big sellers at the moment.

      You should definitely try selling on eBay as its easy to establish a business there as long as you are professional, decent packaging of envelopes, print addresses from your pc etc. But sell cheap(2-5) items initially as they will be easy to sell and you can build up your feedback that way.

      Hope this helps.

    5. Bicycle Light Manufactory is offline

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      #5
      Do you want to sell bick light, we can give you a competive price. We have a store on ebay.And the goods are very much in demand.

    6. shang is offline

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      #6
      I think you can wholesale some of cheap MP3 player(made in China), and then sell on ebay.

    7. JamesyD is offline

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      #7
      Quite interested to hear how you've got on with this as I was in a similar position of thought.

    8. no1wildflower is offline

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      #8
      How did you go on? I'm looking into this now.

    9. decoroilpaintings is offline

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      #9
      if you can find a good items source, and you will save a lot of start money on ebay. you can only use their images, once the items sell, you can pay the wholesaler and let them to ship the item to the buyer directly for you. I hope it is helpful to you.

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