Share best practices, tips, and insights. Meet other eBay community members walmrt share your passions. What I learned from this experience is that drop-shipping from WalMart at a huge price markup is something that sellers do not want mentioned in their feedback. It may not be illegal or against eBay policy to do business this way, but it is offensive and unethical. I think this type of business practice will only drive buyers away from eBay. Ive done this myself a few times with items I knew I could make double or even triple here on. The best part is, WM. Buyers who dont shop around for the best price flat out deserve to pay more, regardless of the sellers source.
It seems too easy to be true that you could make millions by raiding the clearance aisle at your local Walmart or Target and then selling your haul on Amazon. But that’s exactly what year-old Ryan Grant is doing. That money comes from buying everything from toys to household appliances on sale from retailers like Walmart or Target and flipping them online — mostly on Amazon, where Grant says «the bulk» of his company’s sales come from, though his business also makes money selling items on eBay and Jet. As a student at Winona State University — Grant graduated in — he organized textbook buyback events on campus twice a year. The process worked simply enough: Using the Amazon Seller app he could see exactly how much he could expect to profit on each book and in what time frame. But the hours spent processing and packaging each order himself proved to be a bit much. Using Amazon’s fulfillment services meant he could ship all the books in bulk using preferred UPS rates to an Amazon warehouse, where, for a fee, the online retailer handled processing and shipping out each individual order. It made his side hustle more manageable, time-wise. And, when Grant grew more unfulfilled at his accounting job, it sparked the idea of going online to flip more than just textbooks. After work and on the weekends, he scoped out the clearance aisles at Walmart, scanned a few items using Amazon’s app and bought up toys, games, and home improvement items he realized he could re-sell for a profit. A receipt from his early days shows a variety of purchases, everything from vacuums to Barbies, LEGO sets to stainless steel flatware.
Once he was able to make the same kind of money reselling on Amazon as he had made at his accounting job, in September , he quit. Boxes upon boxes destined for Amazon warehouses started stacking up in Grant’s duplex so, in the spring of , he rented out a foot warehouse. He packed his Mazda full of products on runs back and forth from other brand-name retailers like Target and Toys R Us. When the 30 hours of shopping and the 15 hours of preparing shipments each week became too much to handle alone, Grant hired his first employee, a friend who could help scour local stores. Eventually it got easier to target the items that had the biggest opportunity for arbitrage. Seasonality, they realized, was a key factor. They could, for example, buy up discounted candy after Halloween and half-priced Christmas decorations around the New Year. Still, even he was surprised at how quickly the business took off from there. In July , Grant had to move the business to a warehouse that’s over five times as large as the first storage area he used for inventory in the business’ early days. Over the past couple of years, Grant says, the fastest-growing aspect of his business has been the part focusing on wholesale arbitrage , which involves Grant buying products in bulk directly from brands or manufacturers before selling them online.
Types of Ebay Sellers
Doing so will help you avoid running to the post office every single day. That way, interested buyers can submit to you a price they’d be willing to pay for your item. Choosing the right user ID for your eBay account is more important than it might. A Anonymous Jan 25, IV looked it up and seen my exact trunk and is listed for us dollars. The manufacturer may also have the notice of discontinuation on their website. Tips Make sure you spell your item correctly in the listing! For instance, if you sell smartphones, consider expanding and selling smartphone accessories. Create a clear title. For that reason, I now make sure to only buy fully functional items that are in very good condition. Another profitable discontinued item will come. Another good tip for eBay selling success is to search for the product on eBay before you purchase it.
The eBay Community
There is a fortune to be made selling discontinued items on eBay. Many can be found in local retail stores and will sell for a high profit because consumers are creatures of habit — they don’t like change.
People will often pay an exorbitant amount of money to keep using their favorite hair color, keep drinking their favorite coffee, or keep using the same baby products on their infants. Learn how to cash in on discontinued products by understanding how to recognize them and how and when to sell them on eBay. To make money on eBay with discontinued and limited edition sellinh, timing is important. The optimal time may be as soon as you find the item, within a few weeks before the item expires, or months later seling other sellers have run.
Being greedy does not pay on eBay, and sometimes you end up with. Other sellers will always be willing to charge. When you discover that the selling price is falling and sselling profit margin reaches its lowest acceptable level and the expiration date is approaching, sell the items in a lot or makd for your cost and move on.
Get out while you can still recover your investment. Another profitable discontinued item will come. If there is no expiration date, you can price high and wait. The best way to oj discontinued items is to buy a few if you can find themsee how they perform, and then buy more if the profit is acceptable.
This can be a costly lesson, so don’t get greedy. Find a source, sell some of the product, and then decide if you want to sell. Large manufacturers like Johnson and Johnson, Kimberly Clark, Nabisco, and Kraft know that the consumer market will respond to a new product. When sales of a once profitable product fall below a certain threshold or fall into the decline stage of the product lifecyclemanufacturers know it iyems time to stop making it.
Shelf space can be allocated to a new product that will get its own advertising campaign and a lot of marketing attention. It is a cycle oon occurs constantly and what drives many of the manufacturers to continually develop new products. Many products in the decline stage still have a loyal following of customers.
One example is hair color. When women find an at-home hair color that works for them, they are reluctant to change. Hair color is always being discontinued. The next time you are in a Walgreens or a grocery store, look walart the ifems or reduced section. Hair color is usually one product that is always marked. Wamlart don’t forget the men’s hair color.
Non-perishable food is another category to pay attention to. Remember the Hostess Twinkie frenzy back in November of ? Smart eBay sellers rushed out to grocery stores, Target, Walmart, and anywhere Twinkies were sold. Sometimes, a major event like otems Twinkie situation is a great way to make some fast cash on a disappearing product. Learning about a discontinued item is mostly paying attention. A few ways to learn if an item has been discontinued:.
Pay attention to what customers in stores are saying. Have you ever been shopping and another customer is looking for something and comments that they can’t find. Or they turn to the person they selping shopping with and say something like:. That’s your cue to ask them what hhow are looking for and do the research later. Just paying attention to what is going on around you can have huge rewards. Remember to do your homework and check completed listings to determine a fair and competitive price.
They may not be getting the item for the same price that you are paying. You may also find items at garage sales, and estate sales. Some grocery stores have a special section for clearance items. Others have been discontinued by the manufacturer. You ebzy have to do the research to determine which it is. If the item has only been discontinued by a particular store, it will still be readily available elsewhere and won’t be a good seller on eBay. Look for hair products at salons, Ulta, Sephora, and other stores specializing in makeup, skin, and hair care.
Sometimes items will be in the clearance section, sometimes they will be on the shelf at regular price. Always do the miney and math before buying. Probably one of the best places to find discontinued items is at and flea markets. Do’s and Don’ts Selling Questions. By Suzanne Wells. Other brands and types of products that are frequently discontinued:. Go on eBay to the health and beauty and momey categories and search for the keyword «discontinued.
Lots of bloggers vent online when one of their favorite items has been discontinued. The manufacturer may also have the notice of discontinuation on their itemd. Look on Amazon reviews. Customers will often use the Amazon Reviews option to complain that products the like are not available because they were discontinued.
Call the number on the back of the product and ask. Nothing like getting wapmart information directly from the horse’s mouth. If you call the company, ask if the product is undergoing a packaging change or if it has permanently been discontinued. If just a packaging change, the item will return to the shelves and you itemd know you only have a short window to sell the item for a profit before the supply is reinstated.
Watch the news. There are often reports of discontinued items showing up on eBay for crazy prices. Today Sponges were selling on eBay for 5 times the shelf price because eBay sellers had purchased them for resale, and there were not any available in stores. Eventually, the rbay was re-released and supply caught up with demand. I wonder if they don’t make it anymore. You never know when or where discontinued items will pop up so always be on the lookout.
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How to: Make Money on Ebay Selling Walmart Items (Dropshipping from Walmart)
Share best practices, tips, and insights. Meet other eBay community members who share your passions. The «clearance manager» offered my all of the remaining «intimates» for the same deal and I should have taken him up on it.
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I didn’t realize that plus size name brand underwear sells so well on eBay. You usually have to be a BIG buyer to make that system work though you can buy smaller lots of merchandise through brokers who break up the lots, but you will pay TWICE as much for it. If you are looking for bargains to resell on eBay, walk in to all the big box stores in your area and see if they would be willing ,ake bulk maake all the stuff they normally ship. Smaller stores might also negotiate with you, especially if you promise not to hod the stuff locally. The checkout lines take about twice as long as how to make money on ebay selling walmart items other grocery store in town, and that is if YOU DON’T get someone in front of you who is price-matching an entire cart of items to save 2 cents each on them the price matching takes forever. And nobody working at the store feels empowered to do. So, I walk in and there was a greeter and I said something like, «you should have someone put a sign on the locked door to let people know you are still open» and the greeter just stared at me like «why would that be my responsibility? SAME type of response. I gave up and figured if they weren’t empowering their employees to solve problems, I wasn’t going to try and solve the problem for .
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